Schawk Signs Gravure Cylinder Supply Agreement, Posts Sales Decline

There were no expenses related to the impairment of long-lived assets during the first quarter of 2011 compared to $0.7 million in the first quarter of 2010. During the first quarter of 2010, certain equipment sustained water damage and was rendered inoperable at one of the Company's facilities.

Acquisition integration and restructuring expenses increased from $0.2 million in the first quarter of 2010 to $0.4 million in the first quarter of 2011. The charges in the 2011 first quarter arose from the Company's continued focus on consolidating, reducing and re-aligning the Company's work force and operations and are for employee terminations and other associated costs. These actions are expected to result in annualized savings of approximately $1.3 million, with approximately $1.0 million to be realized during 2011.