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LONG-TERM DEBT (Details)
In Thousands, except Share data, unless otherwise specified
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended 12 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended 12 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended
Dec. 31, 2013
USD ($)
Mar. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Mar. 31, 2013
USD ($)
Dec. 31, 2012
Mar. 31, 2014
USD ($)
Mar. 31, 2013
USD ($)
Sep. 30, 2011
USD ($)
Sep. 30, 2007
Oct. 21, 2013
USD ($)
Sep. 30, 2013
USD ($)
Mar. 31, 2014
Letter Of Credit Subfacility [Member]
Revolver Due 2019 [ Member]
USD ($)
Feb. 14, 2014
Letter Of Credit Subfacility [Member]
Revolver Due 2019 [ Member]
USD ($)
Feb. 14, 2014
Multicurrency Subfacility [Member]
Revolver Due 2019 [ Member]
USD ($)
Mar. 31, 2014
Swingline Subfacility [Member]
Revolver Due 2019 [ Member]
USD ($)
Mar. 31, 2014
Margin Rate [Member]
Revolver Due 2019 [ Member]
Mar. 31, 2014
LIBOR Rate [Member]
Foreign Line of Credit [Member]
Mar. 31, 2014
LIBOR Rate [Member]
Mar. 31, 2014
Bankers Acceptance Rate [Member]
Foreign Line of Credit [Member]
Mar. 31, 2014
Convertible Debt 2017 [Member]
USD ($)
Mar. 31, 2013
Convertible Debt 2017 [Member]
USD ($)
Sep. 30, 2010
Convertible Debt 2017 [Member]
Dec. 21, 2009
Convertible Debt 2017 [Member]
USD ($)
Mar. 31, 2014
Senior Notes 2022 [Member]
USD ($)
Mar. 31, 2013
Senior Notes 2022 [Member]
USD ($)
Mar. 31, 2014
Senior Notes 2022 [Member]
USD ($)
Mar. 31, 2013
Senior Notes 2022 [Member]
USD ($)
Feb. 27, 2014
Senior Notes 2022 [Member]
USD ($)
Sep. 30, 2013
Senior Notes 2022 [Member]
USD ($)
Mar. 31, 2014
Senior Notes 2018 [Member]
USD ($)
Mar. 31, 2013
Senior Notes 2018 [Member]
USD ($)
Mar. 31, 2014
Senior Notes 2018 [Member]
USD ($)
Mar. 31, 2013
Senior Notes 2018 [Member]
USD ($)
Sep. 30, 2013
Senior Notes 2018 [Member]
USD ($)
Mar. 31, 2014
Senior Notes [Member]
USD ($)
Mar. 31, 2014
Real Estate Mortgages Loan [Member]
USD ($)
Mar. 31, 2013
Real Estate Mortgages Loan [Member]
USD ($)
Mar. 31, 2014
Real Estate Mortgages Loan [Member]
USD ($)
Mar. 31, 2013
Real Estate Mortgages Loan [Member]
USD ($)
Sep. 30, 2013
Real Estate Mortgages Loan [Member]
USD ($)
Mar. 31, 2014
Employee Stock Ownership Plan Loan [Member]
USD ($)
Mar. 31, 2013
Employee Stock Ownership Plan Loan [Member]
USD ($)
Mar. 31, 2014
Employee Stock Ownership Plan Loan [Member]
USD ($)
Mar. 31, 2013
Employee Stock Ownership Plan Loan [Member]
USD ($)
Sep. 30, 2013
Employee Stock Ownership Plan Loan [Member]
USD ($)
Dec. 31, 2013
Term Loan [Member]
AUD
Mar. 31, 2014
Term Loan [Member]
USD ($)
Sep. 30, 2011
Term Loan [Member]
EUR (€)
Mar. 31, 2014
Capital Lease Obligations [Member]
USD ($)
Mar. 31, 2013
Capital Lease Obligations [Member]
USD ($)
Mar. 31, 2014
Capital Lease Obligations [Member]
USD ($)
Mar. 31, 2013
Capital Lease Obligations [Member]
USD ($)
Sep. 30, 2007
Capital Lease Obligations [Member]
USD ($)
Sep. 30, 2013
Capital Lease Obligations [Member]
USD ($)
Sep. 30, 2011
Revolver Due 2013 [Member]
EUR (€)
Mar. 31, 2014
Foreign Term Loan [Member]
Brazilian CDI [Member]
Mar. 31, 2014
Foreign Term Loan [Member]
USD ($)
Mar. 31, 2013
Foreign Term Loan [Member]
USD ($)
Mar. 31, 2014
Foreign Term Loan [Member]
USD ($)
Mar. 31, 2013
Foreign Term Loan [Member]
USD ($)
Sep. 30, 2013
Foreign Term Loan [Member]
USD ($)
Mar. 31, 2014
Foreign Line of Credit [Member]
USD ($)
Dec. 31, 2013
Foreign Line of Credit [Member]
Mar. 31, 2013
Foreign Line of Credit [Member]
USD ($)
Dec. 31, 2012
Foreign Line of Credit [Member]
CAD
Mar. 31, 2014
Foreign Line of Credit [Member]
USD ($)
Mar. 31, 2013
Foreign Line of Credit [Member]
USD ($)
Mar. 31, 2014
Foreign Line of Credit [Member]
CAD
Sep. 30, 2013
Foreign Line of Credit [Member]
USD ($)
Mar. 31, 2014
Revolver Due 2019 [ Member]
USD ($)
Feb. 14, 2014
Revolver Due 2019 [ Member]
USD ($)
LONG-TERM DEBT (Details) [Line Items]                                                                                                                                              
Debt Instrument, Face Amount $ 21,098   $ 21,098             $ 17,175                         $ 100,000         $ 600,000   $ 550,000   $ 550,000                           12,500                                                  
Debt Instrument, Interest Rate, Stated Percentage                                             4.00%         5.25%   7.125%   7.125%                                                                              
Payment of Tender Offer Premium           31,530                                                                                                                                  
Interest Paid   10,807   11,497   22,335 23,065                                 2,800 [1] 0 [1] 2,800 [1] 0 [1]     6,133 [1] 9,797 [1] 15,930 [1] 19,594 [1]   16,716 122 [2] 135 [2] 252 [2] 274 [2]   180 [3] 158 [3] 332 [3] 325 [3]         114 [4] 125 [4] 233 [4] 256 [4]         101 [5] 133 [5] 153 [5] 306 [5]   224 [5]   147 [5]   417 [5] 260 [5]        
Underwriting Fees and Other Expense Capitalized           9,950                                                                                                                                  
Gains (Losses) on Extinguishment of Debt   (38,890)       (38,890)                                                                                                                                  
Write off of Deferred Debt Issuance Cost           6,574                                                                                                                                  
Prepaid Interest on Defeased Note on Extinguishment of Debt           786                                                                                                                                  
Line of Credit Facility, Current Borrowing Capacity                         60,000 50,000                                                                                               2,800       2,800   15,000     225,000
Proceeds from Lines of Credit                             30,000                                                                                                                
Line of Credit Facility, Interest Rate During Period                               1.25%   2.25%                                                                                                          
Maximum Percentage of Equity Interest of Subsidiaries Borrowings Guaranteed           65.00%                                                                                                                                  
Line of Credit Facility, Amount Outstanding   0       0   5,500       20,352                                                                     11,559                   3,943   3,943                     20,000  
Line of Credit Facility, Remaining Borrowing Capacity                                                                                                                                           184,648  
Debt Instrument, Convertible, Conversion Ratio                                       68.6238                                                                                                      
Debt Conversion, Converted Instrument, Amount                                       1,000                                                                                                      
Debt Instrument, Convertible, Conversion Price (in Dollars per share)                                       $ 14.57                                                                                                      
Debt Instrument, Convertible, Terms of Conversion Feature                                           1%                                                                                                  
Debt Instrument, Convertible, If-converted Value in Excess of Principal                                       15,720 15,720                                                                                                    
Number of Properties Refinanced                   2                                                                                                                          
Debt Instrument, Maturity Date           Oct. 31, 2018                                                                                 Dec. 31, 2018                                                
Debt Instrument, Description of Variable Rate Basis               The revolving credit facility accrues interest at EURIBOR plus 2.20% per annum                                                           The loans bear interest at a rate of LIBOR plus 2.75%.         The loan bears interest at a) LIBOR plus 2.25% or b) the lender's prime rate, at Griffon's option.                                                        
Debt Instrument, Basis Spread on Variable Rate         1.30% 2.20%                                                               2.75%         2.25%     2.80%                               4.95% 2.25%                
Long-term Debt, Gross   798,426       798,426         702,501                         600,000 [1]   600,000 [1]     0 [1] 0 [1]   0 [1]   550,000 [1]   16,818 [2]   16,818 [2]   13,212 [2] 30,087 [3]   30,087 [3]   21,098 [3]       9,042 [4]   9,042 [4]     9,529 [4]     11,559 [5]   11,559 [5]   3,115 [5] 9,443 [5]       9,443 [5]     4,606 [5]    
Number of Refinanced ESOP Loan 2                                                                                                                                            
Number of New Term Loan Refinance from ESOP Loans 1                                                                                                                                            
Amount of Line Note Available to Purchase Common Stock in Open Market     10,000                                                                                                                                        
Share-based Compensation Arrangement by Share-based Payment Award, Shares Purchased for Award (in Shares)           749,977                                                                                                                                  
Share Based Compensation Arrangement by Share Based Payment Award Shares Purchased for Award Value           10,000                                                                                                                                  
Debt Instrument, Periodic Payment, Principal           419                                                                         505                                                        
Debt Instrument Balloon Payment                                                                                     19,000                                                        
Proceeds from Issuance of Long-term Debt           644,514 303                                                                                           14,290                                    
Capital Lease Maturity Year                 2022                                                                                                                            
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate                 5.00%                                                                                                                            
Proceeds from Long-term Lines of Credit                                                                                               20,000             10,000                   15,000            
Line of Credit Facility, Expiration Date           Nov. 30, 2014                                                                                                                                  
Maintains Maximum Amount Of Line Of Credit                                                                                                                 $ 5,700   $ 5,700                        
Debt Instrument, Interest Rate During Period           6.00%                                   5.30% [1]    [1] 5.30% [1]    [1]     7.10% [1] 7.50% [1] 7.10% [1] 7.40% [1]     3.80% [2] 5.40% [2] 4.00% [2] 5.40% [2]   3.40% [3] 2.90% [3] 3.20% [3] 2.90% [3]         5.30% [4] 5.20% [4] 5.30% [4] 5.30% [4]            [5]    [5]    [5]    [5]      [5]      [5]      [5]    [5]        
Line of Credit Facility, Interest Rate at Period End                                 1.45%   2.47%                                                                         16.55%                              
Line of Credit Facility, Interest Rate Description                                                                                                                                 The facility accrues interest at LIBOR (USD) or the Bankers Acceptance Rate (CDN) plus 1.3% per annum            
Term Loan Maturity Period                                                                                           Dec. 31, 2016                                                  
Debt Instrument, Interest Rate at Period End                                               5.25% [1]   5.25% [1]        [1]    [1]      [1]   7.10% [1]      [2]      [2]      [2]    [3]      [3]      [3]   5.50%   5.00% [4]   5.00% [4]     5.00% [4]        [5]      [5]      [5]    [5]          [5]        [5]    
[1] On February 27, 2014, in an unregistered offering through a private placement under Rule 144A, Griffon issued, at par, $600,000 of 5.25% Senior Notes due 2022 ("Senior Notes"); interest is payable semi-annually on March 1 and September 1, starting September 1, 2014. Proceeds from the Senior Notes were used to redeem $550,000 of 7.125% senior notes due 2018, to pay a tender offer premium of $31,530 and to make interest payments of $16,716, with the balance used to pay a portion of the related fees and expenses. The Senior Notes are senior unsecured obligations of Griffon guaranteed by certain domestic subsidiaries, and subject to certain covenants, limitations and restrictions. At the time of issuance of the Senior Notes, Griffon agreed that, within certain time periods after the issue date, it would offer to each noteholder, pursuant to a registration statement filed with and to be declared effective by the SEC, the opportunity to exchange its Senior Notes for new notes that have substantially identical terms to those of the Senior Notes (the only material difference being that the new notes are registered with the SEC). In connection with these transactions, Griffon capitalized $9,950 of underwriting fees and other expenses incurred related to issuance of the Senior Notes, which will amortize over the term of such notes. Griffon recognized a loss on the early extinguishment of debt on the 7.125% senior notes aggregating $38,890, comprised of the $31,530 tender offer premium, the write-off of $6,574 of remaining deferred financing fees and $786 of prepaid interest on defeased notes.On February 14, 2014, Griffon amended its $225,000 Revolving Credit Facility ("Credit Agreement") extending its maturity date from March 28, 2018 to March 28, 2019, amending certain financial maintenance ratio test thresholds and increasing certain baskets for permitted debt, guaranties, liens, asset sales, foreign acquisitions, investments and restricted payments. The facility includes a letter of credit sub-facility with a limit of $60,000, a multi-currency sub-facility of $50,000 and a swing line sub-facility with a limit of $30,000. Borrowings under the Credit Agreement may be repaid and re-borrowed at any time, subject to final maturity of the facility or the occurrence of a default or an event of default under the Credit Agreement. Interest is payable on borrowings at either a LIBOR or base rate benchmark rate, in each case without a floor, plus an applicable margin, which adjusts based on financial performance. The current margins are 1.25% for base rate loans and 2.25% for LIBOR loans. The Credit Agreement has certain financial maintenance tests including a maximum total leverage ratio, a maximum senior secured leverage ratio and a minimum interest coverage ratio as well as customary affirmative and negative covenants and events of default. The Credit Agreement also includes certain restrictions, such as limitations on the ability of Griffon to incur indebtedness and liens and to make restricted payments and investments. Borrowings under the Credit Agreement are guaranteed by Griffon's material domestic subsidiaries and are secured, on a first priority basis, by substantially all assets of the Company and the guarantors and a pledge of not greater than 65% of the equity interest in each of Griffon's material, first-tier foreign subsidiaries.At March 31, 2014, outstanding borrowings and standby letters of credit were $20,000 and $20,352, respectively; $184,648 was available for borrowing at that date.
[2] On October 21, 2013, Griffon refinanced two properties' real estate mortgages to secure new loans totaling $17,175. The loans mature in October 2018, are collateralized by the related properties and are guaranteed by Griffon. The loans bear interest at a rate of LIBOR plus 2.75%. At March 31, 2014, $16,818 was outstanding.
[3] In December 2013, Griffon's Employee Stock Ownership Plan ("ESOP") entered into an agreement which refinanced the two existing ESOP loans into one new Term Loan in the amount of $21,098. The Agreement also provided a Line Note with $10,000 available to purchase shares of Griffon common stock in the open market through September 29, 2014. As of March 31, 2014, 749,977 shares of Griffon common stock, for a total of $10,000, were purchased with proceeds from the Line Note. In March 2014, the Line Note was combined with the Term Loan to form one new term loan. The loan bears interest at a) LIBOR plus 2.25% or b) the lender's prime rate, at Griffon's option. The loan requires quarterly principal payments of $505 through September 30, 2014 and $419 per quarter thereafter, with a balloon payment of approximately $19,000 due at maturity in December 2018. The loan is secured by shares purchased with the proceeds of the loan and with a lien on a specific amount of Griffon assets, and Griffon guarantees repayment. As of March 31, 2014, approximately $30,087 was outstanding.
[4] In October 2006, CBP entered into a capital lease totaling $14,290 for real estate in Troy, Ohio. The lease matures in 2022, bears interest at a fixed rate of 5.0%, is secured by a mortgage on the real estate and is guaranteed by Griffon.
[5] In November 2010, Clopay Europe GMBH ("Clopay Europe") entered into a 10,000 revolving credit facility and a 20,000 term loan. The term loan was paid off in December 2013 and the revolver had borrowings of $5,500 at March 31, 2014. The revolving facility matures in November 2014, but is renewable upon mutual agreement with the bank. The revolving credit facility accrues interest at EURIBOR plus 2.20% per annum. Clopay Europe is required to maintain a certain minimum equity to assets ratio and keep leverage below a certain level, defined as the ratio of total debt to EBITDA.Clopay do Brazil maintains lines of credit of approximately $5,700. Interest on borrowings accrues at a rate of Brazilian CDI plus 6.0% (16.55% at March 31, 2014). At March 31, 2014 there was approximately $3,943 borrowed under the lines. Clopay Plastic Products Co., Inc. guarantees the loan and lines.In November 2012, Garant G.P. ("Garant") entered into a CAD $15,000 revolving credit facility. The facility accrues interest at LIBOR (USD) or the Bankers Acceptance Rate (CDN) plus 1.3% per annum (1.45% LIBOR USD and 2.47% Bankers Acceptance Rate CDN as of March 31, 2014). The revolving facility matures in November 2015. Garant is required to maintain a certain minimum equity. At March 31, 2014, there were 0 borrowings under the revolving credit facility with CAD $15,000 available for borrowing.In December 2013, Northcote Holdings Pty. Ltd entered into an AUD $12,500 term loan. The term loan is unsecured, requires quarterly interest payments and principal is due at maturity (December 2016). The loan accrues interest at Bank Bill Swap Bid Rate "BBSY" plus 2.8% per annum (5.5% at March 31, 2014). As of March 31, 2014, Griffon had an outstanding balance of $11,559. Subsidiaries of Northcote Holdings maintain a line of credit of approximately $2,800. The line of credit accrues interest at BBSY plus 2.25% per annum (4.95% at March 31, 2014). At March 31, 2014, there were no outstanding borrowings under the line. Griffon Corporation guarantees both the term loan and the line of credit.