Consolidated Graphics Reports Revenue Decline, Positive Income

Operating income of $1.5 million in the March 2010 quarter compared to an operating loss of $16.2 million in the prior year quarter. It included charges totaling $7.6 million for the impairment of goodwill and certain equipment and litigation. The $16.2 million operating loss for the March 2009 quarter included charges totaling $21.1 million for the impairment of goodwill and certain equipment. Net income for the March 2010 quarter was $.9 million, compared to a $15.9 million net loss or $1.43 diluted loss per share for the prior year quarter.