Cenveo Reaps 16.5 Percent Net Sales Increase

The decrease in operating income was primarily due to a $33.4 million impairment charge related to the retirement of certain trade names, lower sales from its print operations and acquisition-related costs due to the acquisition of certain assets of National Envelope. These decreases were offset in part by higher gross margins in its envelope operations from volume increases. For the year ended December 28, 2013, non-GAAP operating income was $101.1 million, compared to $140.8 million for the prior year. Non-GAAP operating income excludes integration, acquisition and other charges, stock-based compensation provision, restructuring and other charges and impairment of intangible assets.