Visant Drops to Net Loss on Small Net Sales Decline

Results by Segment
Net sales for the Scholastic segment for the fiscal year ended Dec. 31, 2011, increased by $5.0 million, or 1 percent, to $474.7 million, compared to $469.7 million for the fiscal year ended Jan. 1, 2011. This increase was primarily attributable to championship jewelry volume as well as higher prices for jewelry products as compared to the comparative period in 2010.