Election Work Decline Sparks CGX Revenue Dip

Operating income for the September 2013 quarter was $13 million and included other charges of $1.8 million, primarily related to $.9 million in costs incurred in connection with the recently announced transaction with RR Donnelley, accretion of the discount of liability attributable to our withdrawal from certain multi-employer pension plans and the impairment of certain equipment. Operating income for the prior year quarter was $12.1 million and included $2.3 million in other charges, primarily related to relocating certain production facilities and related asset impairments. Net income for the September 2013 quarter was $10.6 million or $1.09 diluted earnings per share, compared to net income of $6.7 million or $.68 diluted earnings per share last year. Net income for the September 2013 quarter included $2.2 million in benefits for tax reserve credits due to the settlement of certain tax audits.