Champion Reports Net Loss for Quarter, Fiscal Year

Champion also incurred restructuring related charges of $0.6 million or $0.3 million net of tax and other asset impairment charges of $0.1 million or $0.1 million net of tax. These charges were partially offset by a gain on early extinguishment of debt to a related party of $1.3 million, or $0.8 million net of tax. The 2010 results were impacted by restructuring related charges of $1.8 million or $1.1 million net of tax and by other income associated with an interest rate swap agreement of $1.0 million or $0.6 million net of tax.