Courier Reports Education Sales Up, Borders Fallout Induces Loss

Excluding the impairment charge, adjusted net income for the quarter was $2.0 million, up 15 percent from net income of $1.8 million or $.15 per diluted share in the third quarter of fiscal 2010. A reconciliation of adjusted net income and other non-GAAP measures is included in the tables at the end of this release.