REPORTABLE SEGMENTS In the fourth quarter of fiscal 2019, Griffon modified its reportable segment structure to provide investors with improved visibility after a series of portfolio repositioning actions which included the divestiture of the Plastics business, the acquisition of ClosetMaid and its subsequent integration into AMES, and the acquisition of CornellCookson by Clopay. The prior year amounts have been recast to reflect the change in the reporting segments in the current year. Griffon now reports it operations through three reportable segments from continuing operations, as follows:  Consumer and Professional Products ("CPP") conducts its operations through AMES. Founded in 1774, AMES is the leading North American manufacturer and a global provider of branded consumer and professional tools and products for home storage and organization, landscaping, and enhancing outdoor lifestyles. CPP sells products globally through a portfolio of leading brands including True Temper, AMES, and ClosetMaid.  Home and Building Products ("HBP") conducts its operations through Clopay. Founded in 1964, Clopay is the largest manufacturer and marketer of garage doors and rolling steel doors in North America. Residential and commercial sectional garage doors are sold through professional dealers and leading home center retail chains throughout North America under the brands Clopay, Ideal, and Holmes. Rolling steel door and grille products designed for commercial, industrial, institutional, and retail use are sold under the CornellCookson brand.  Defense Electronics conducts its operations through Telephonics Corporation ("Telephonics"), founded in 1933, a globally recognized leading provider of highly sophisticated intelligence, surveillance and communications solutions for defense, aerospace and commercial customers. On November 16, 2017, Griffon announced it entered into a definitive agreement to sell Plastics and on February 6, 2018, completed the sale to Berry for $465,000 , net of certain post-closing adjustments. As a result, Griffon classified the results of operations of the Plastics business as discontinued operations in the Consolidated Statements of Operations for all periods presented and classified the related assets and liabilities associated with the discontinued operations in the consolidated balance sheets. All results and information presented exclude Plastics unless otherwise noted. See Note 7, Discontinued Operations to the Notes of the Financial Statements. On October 2, 2017, Griffon acquired ClosetMaid. ClosetMaid, founded in 1965, is a leading North American manufacturer and marketer of wood and wire closet organization, general living storage and wire garage storage products and sells to some of the largest home center retail chains, mass merchandisers, and direct-to-builder professional installers in North America. The accounts of ClosetMaid, affected for preliminary adjustments to reflect fair market values assigned to assets purchased and liabilities assumed, are included in the Companys consolidated financial statements from the date of acquisition. On June 4, 2018, Clopay acquired CornellCookson, a leading US manufacturer and marketer of rolling steel door and grille products designed for commercial, industrial, institutional and retail use. The accounts, affected for preliminary adjustments to reflect fair market values assigned to assets purchased and liabilities assumed, and results of operations of CornellCookson, are included in the Companys consolidated financial statements from the date of acquisition. Information on Griffons reportable segments from continuing operations is as follows: For the Years Ended September 30, REVENUE 2019 2018 2017 Consumer and Professional Products $ 1,000,608 $ 953,612 $ 545,269 Home and Building Products 873,640 697,969 568,001 Defense Electronics 335,041 326,337 411,727 Total consolidated net sales $ 2,209,289 $ 1,977,918 $ 1,524,997 Griffon evaluates performance and allocates resources based on each segment's operating results from continuing operations before interest income and expense, income taxes, depreciation and amortization, unallocated amounts (primarily corporate overhead), restructuring charges, loss on debt extinguishment and acquisition related expenses, as well as other items that may affect comparability, as applicable (Segment Adjusted EBITDA). The following table provides a reconciliation of Segment Adjusted EBITDA to Income before taxes and discontinued operations: For the Years Ended September 30, 2019 2018 2017 Segment Adjusted EBITDA: Consumer and Professional Products $ 90,677 $ 77,061 $ 45,002 Home and Building Products 120,161 100,339 81,764 Defense Electronics 35,104 36,063 45,931 Segment Adjusted EBITDA 245,942 213,463 172,697 Unallocated amounts, excluding depreciation (46,302 ) (45,343 ) (41,918 ) Net interest expense (67,260 ) (63,871 ) (51,449 ) Depreciation and amortization (61,848 ) (55,803 ) (47,878 ) Acquisition contingent consideration 1,646   Acquisition costs  (7,597 ) (9,617 ) Special dividend charges  (3,220 )  Cost of life insurance benefit  (2,614 )  Secondary equity offering costs  (1,205 )  Contract settlement charges   (5,137 ) Income before taxes from continuing operations $ 72,178 $ 33,810 $ 16,698 For the Years Ended September 30, DEPRECIATION and AMORTIZATION 2019 2018 2017 Segment: Consumer and Professional Products $ 32,289 $ 30,816 $ 25,207 Home and Building Products 18,334 13,717 11,340 Defense Electronics 10,667 10,801 10,851 Total segment depreciation and amortization 61,290 55,334 47,398 Corporate 558 469 480 Total consolidated depreciation and amortization $ 61,848 $ 55,803 $ 47,878 CAPITAL EXPENDITURES Segment: Consumer and Professional Products $ 17,828 $ 23,040 $ 14,259 Home and Building Products 16,498 13,547 10,217 Defense Electronics 10,492 10,941 8,204 Total segment 44,818 47,528 32,680 Corporate 543 2,610 2,257 Total consolidated capital expenditures $ 45,361 $ 50,138 $ 34,937 ASSETS At September 30, 2019 At September 30, 2018 At September 30, 2017 Segment assets: Consumer and Professional Products $ 1,070,510 $ 1,221,143 $ 879,452 Home and Building Products 571,216 410,488 204,651 Defense Electronics 347,575 346,907 343,445 Total segment assets 1,989,301 1,978,538 1,427,548 Corporate 82,429 103,112 71,980 Total continuing assets 2,071,730 2,081,650 1,499,528 Assets of discontinued operations 3,209 3,240 374,013 Consolidated total $ 2,074,939 $ 2,084,890 $ 1,873,541 Disaggregation of Revenue Revenue from contracts with customers is disaggregated by end markets, segments and geographic location, as it more accurately depicts the nature and amount of the Companys revenue. For the Year Ended September 30, 2019 Residential repair and remodel $ 140,369 Retail 528,279 Residential new construction 58,709 Industrial 45,129 International excluding North America 228,122 Total Consumer and Professional Products 1,000,608 Residential repair and remodel 439,287 Commercial construction 335,339 Residential new construction 99,014 Total Home and Building Products 873,640 U.S. Government 211,405 International 105,705 Commercial 17,931 Total Defense Electronics 335,041 Total Consolidated Revenue $ 2,209,289 The following table presents revenue disaggregated by geography based on the location of the Company's customer: For the Year Ended September 30, 2019 Revenue by Geographic Area - Destination Consumer and Professional Products Home and Building Products Defense Electronics Total United States $ 690,772 $ 820,396 $ 226,095 $ 1,737,263 Europe 63,284 109 36,915 100,308 Canada 72,327 $ 39,472 10,568 122,367 Australia 165,291 16 3,712 169,019 All other countries 8,934 $ 13,647 57,751 80,332 Consolidated revenue $ 1,000,608 $ 873,640 $ 335,041 $ 2,209,289 Segment information by geographic region for 2018 and 2017 was as follows: For the Years Ended September 30, REVENUE BY GEOGRAPHIC AREA - DESTINATION 2018 2017 United States $ 1,521,187 $ 1,164,958 Europe 102,814 67,048 Canada 123,341 106,080 Australia 166,980 124,757 All other countries 63,596 62,154 Consolidated revenue $ 1,977,918 $ 1,524,997 For the Years Ended September 30, LONG-LIVED ASSETS BY GEOGRAPHIC AREA 2019 2018 2017 United States $ 576,930 $ 612,294 $ 358,795 Canada 32,013 33,884 36,383 Australia 30,228 33,288 35,917 United Kingdom 46,550 24,892 4,144 Mexico 6,876 7,017  All other countries 1,368 1,975 2,023 Consolidated long-lived assets, net $ 693,965 $ 713,350 $ 437,262 As a percentage of consolidated revenue from continuing operations, CPP sales to The Home Depot approximated 28% in 2019 , 29% in 2018 and 28% in 2017 ; HBP sales to The Home Depot approximated 13% in 2019 , 16% in 2018 , and 18% in 2017 ; and Defense Electronics aggregate sales to the United States Government and its agencies approximated 10% in both 2019 and 2018 , and 18% in 2017 .