BUSINESS SEGMENTS In 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 recent change in Griffon's reporting segment structure. Griffon now reports it operations through three reportable segments from continuing operations, as follows:  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.  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.  DE conducts its operations through Telephonics, founded in 1933, a globally recognized leading provider of highly sophisticated intelligence, surveillance and communications solutions for defense, aerospace and commercial customers. Information on Griffons reportable segments from continuing operations is as follows: For the Three Months Ended December 31, REVENUE 2019 2018 Consumer and Professional Products $ 241,076 $ 216,474 Home and Building Products 241,381 223,295 Defense Electronics 65,981 70,753 Total consolidated net sales $ 548,438 $ 510,522 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. The following table presents revenue disaggregated by end market and segment: For the Three Months Ended December 31, 2019 2018 Residential repair and remodel $ 35,090 $ 27,158 Retail 119,620 113,365 Residential new construction 14,973 14,272 Industrial 10,623 9,758 International excluding North America 60,770 51,921 Total Consumer and Professional Products 241,076 216,474 Residential repair and remodel 121,997 113,367 Commercial construction 91,887 84,376 Residential new construction 27,497 25,552 Total Home and Building Products 241,381 223,295 U.S. Government 42,701 45,560 International 18,533 22,099 Commercial 4,747 3,094 Total Defense Electronics $ 65,981 $ 70,753 Total Consolidated Revenue $ 548,438 $ 510,522 The following table presents revenue disaggregated by geography based on the location of the Company's customer: For the Three Months Ended December 31, 2019 Revenue by Geographic Area - Destination Consumer and Professional Products Home and Building Products Defense Electronics Total United States $ 160,158 $ 226,950 $ 46,143 $ 433,251 Europe 6,605 23 5,985 12,613 Canada 17,781 11,253 2,574 31,608 Australia 54,228  606 54,834 All other countries 2,304 $ 3,155 10,673 16,132 Consolidated revenue $ 241,076 $ 241,381 $ 65,981 $ 548,438 For the Three Months Ended December 31, 2018 Revenue by Geographic Area - Destination Consumer and Professional Products Home and Building Products Defense Electronics Total United States $ 142,916 $ 209,827 $ 48,295 $ 401,038 Europe 7,865 17 10,311 18,193 Canada 19,365 10,981 2,629 32,975 Australia 44,039 184 609 44,832 All other countries 2,289 2,286 8,909 13,484 Consolidated revenue $ 216,474 $ 223,295 $ 70,753 $ 510,522 Griffon evaluates performance and allocates resources based on each segment's operating results before interest income and expense, income taxes, depreciation and amortization, unallocated amounts (mainly 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). Griffon believes this information is useful to investors for the same reason. The following table provides a reconciliation of Segment adjusted EBITDA to Income (loss) before taxes: For the Three Months Ended December 31, 2019 2018 Segment adjusted EBITDA: Consumer and Professional Products $ 21,926 $ 20,565 Home and Building Products 40,701 31,295 Defense Electronics 4,475 4,785 Segment adjusted EBITDA 67,102 56,645 Unallocated amounts, excluding depreciation (11,942 ) (11,264 ) Adjusted EBITDA 55,160 45,381 Net interest expense (15,950 ) (16,331 ) Depreciation and amortization (15,825 ) (15,085 ) Restructuring charges (6,434 )  Income before taxes $ 16,951 $ 13,965 Unallocated amounts typically include general corporate expenses not attributable to a reportable segment. For the Three Months Ended December 31, DEPRECIATION and AMORTIZATION 2019 2018 Segment: Consumer and Professional Products $ 8,231 $ 7,806 Home and Building Products 4,800 4,509 Defense Electronics 2,644 2,636 Total segment depreciation and amortization 15,675 14,951 Corporate 150 134 Total consolidated depreciation and amortization $ 15,825 $ 15,085 CAPITAL EXPENDITURES Segment: Consumer and Professional Products $ 3,732 $ 4,334 Home and Building Products 7,939 2,811 Defense Electronics 1,289 1,234 Total segment 12,960 8,379 Corporate 212 18 Total consolidated capital expenditures $ 13,172 $ 8,397 ASSETS At December 31, 2019 At September 30, 2019 Segment assets: Consumer and Professional Products $ 1,235,734 $ 1,070,510 Home and Building Products 589,478 571,216 Defense Electronics 340,788 347,575 Total segment assets 2,166,000 1,989,301 Corporate 88,598 82,429 Total continuing assets 2,254,598 2,071,730 Assets of discontinued operations 3,204 3,209 Consolidated total $ 2,257,802 $ 2,074,939