Consolidated Graphics Posts Revenue and Income Declines

Share Repurchase Program Update

During the quarter, the company purchased 239,456 shares of its common stock for $11.0 million pursuant to a share repurchase program authorizing the Company to purchase up to an aggregate of $100 million of the Company's common shares. Since beginning the share repurchase program in November 2010, CGX has purchased 1,531,549 shares of its common stock (13.0 percent of shares outstanding) for $69.1 million. As of December 31, 2011, the company had 10,242,578 common shares outstanding.