Schawk Signs Gravure Cylinder Supply Agreement, Posts Sales Decline

Selling, general and administrative (SG&A) expenses declined approximately $1.5 million to $31.0 million in the first quarter of 2011 from $32.5 million in the first quarter of 2010, principally due to the sublease of certain vacant properties in Europe.

During the first quarter of 2011, the Company reported business and systems integration expenses of $1.2 million compared to $0.1 million in the prior-year comparable period. As previously disclosed, these expenses relate to the Company's information technology and business process improvement initiative.