Schawk Signs Gravure Cylinder Supply Agreement, Posts Sales Decline

The company recorded a $0.5 million loss on foreign exchange exposures in the first quarter of 2011 compared to a loss of $1.8 million in the comparable prior-year period. The Company's foreign exchange gains or losses are largely driven by unhedged currency exposure from intercompany debt obligations of the Company's non-U.S. subsidiaries. Since foreign currency gains or losses primarily relate to intercompany financing activity, the economic impact to the Company is minimal, as these gains or losses are mostly offset by corresponding losses or gains in accumulated comprehensive income, net, included in stockholders' equity.