EXHIBIT 13.1
 Selected Financial Information included in Registrants 2010 Annual Report to Shareholders
 Dollars in thousands, except per-share amounts
 Year end December, 31
    
    2010 (e)
    
    2009 (b) (e) (h)
    
    2008 (b) (e)
    
    2007
    
    2006 (e) (h)
    
    2005 (e)
    
    2004 (e)
    
    2003
    
    2002 (f)
    
    2001Operating Results:Net sales
    
    $
    799,794
    
    
    $
    748,635
    
    
    $
    810,207
    
    
    $
    814,160
    
    
    $
    689,480
    
    
    $
    568,133
    
    
    $
    544,767
    
    
    $
    513,632
    
    
    $
    433,761
    
    
    $
    419,594Gross profit(e)
    
    $
    168,013
    
    
    $
    133,145
    
    
    $
    109,337
    
    
    $
    157,669
    
    
    $
    123,164
    
    
    $
    86,542
    
    
    $
    100,462
    
    
    $
    108,206
    
    
    $
    107,928
    
    
    $
    114,424Gross profit margin
    
    
    21.0
    %
    
    
    17.8
    %
    
    
    13.5
    %
    
    
    19.4
    %
    
    
    17.9
    %
    
    
    15.2
    %
    
    
    18.4
    %
    
    
    21.1
    %
    
    
    24.9
    %
    
    
    27.3
    %Selling, general and administrative expenses
    
    $
    97,390
    
    
    $
    94,900
    
    
    $
    88,451
    
    
    $
    91,568
    
    
    $
    87,566
    
    
    $
    71,535
    
    
    $
    68,574
    
    
    $
    68,479
    
    
    $
    56,631
    
    
    $
    55,716Impairment of goodwill and other intangible assets (e)
    
    $
    
    
    
    $
    
    
    
    $
    11,890
    
    
    $
    
    
    
    $
    
    
    
    $
    9,179
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    Income (loss) from operations (IFO)(e)
    
    $
    68,821
    
    
    $
    36,614
    
    
    $
    (5,548
    )
    
    $
    66,101
    
    
    $
    19,264
    
    
    $
    (8,917
    )
    
    $
    23,895
    
    
    $
    39,727
    
    
    $
    51,297
    
    
    $
    58,708IFO margin
    
    
    8.6
    %
    
    
    4.9
    %
    
    
    (0.7
    )%
    
    
    8.1
    %
    
    
    2.8
    %
    
    
    (1.6
    )%
    
    
    4.4
    %
    
    
    7.7
    %
    
    
    11.8
    %
    
    
    14.0
    %Equity earnings (loss)  pretax
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    1,986
    
    
    $
    (4,100
    )
    
    $
    (1,435
    )
    
    $
    4,429
    
    
    $
    6,379
    
    
    $
    6,384Other income
(expense) (e) (f) (j)
    
    $
    58,018
    
    
    $
    4,053
    
    
    $
    1,119
    
    
    $
    8,778
    
    
    $
    (3,236
    )
    
    $
    2,567
    
    
    $
    2,369
    
    
    $
    3,484
    
    
    $
    (12,740
    )
    
    $
    3,500Earnings (loss) before interest and income
taxes after non-controlling interest (EBIT) (e) (f) (j)
    
    $
    126,839
    
    
    $
    40,667
    
    
    $
    (4,429
    )
    
    $
    74,879
    
    
    $
    17,948
    
    
    $
    (10,484
    )
    
    $
    24,829
    
    
    $
    47,640
    
    
    $
    44,936
    
    
    $
    68,592EBIT margin
    
    
    15.9
    %
    
    
    5.4
    %
    
    
    (0.5
    )%
    
    
    9.2
    %
    
    
    2.6
    %
    
    
    (1.8
    )%
    
    
    4.6
    %
    
    
    9.3
    %
    
    
    10.4
    %
    
    
    16.3
    %Interest expense (h)
    
    $
    45,171
    
    
    $
    66,705
    
    
    $
    69,720
    
    
    $
    65,888
    
    
    $
    46,594
    
    
    $
    15,255
    
    
    $
    13,049
    
    
    $
    13,436
    
    
    $
    8,263
    
    
    $
    9,360Income (loss) before income taxes (e) (f) (h) (j)
    
    $
    81,668
    
    
    $
    (26,038
    )
    
    $
    (74,149
    )
    
    $
    8,991
    
    
    $
    (28,580
    )
    
    $
    (25,705
    )
    
    $
    11,780
    
    
    $
    34,204
    
    
    $
    36,673
    
    
    $
    59,232Provision (benefit) for income taxes
    
    $
    11,582
    
    
    $
    2,750
    
    
    $
    6,314
    
    
    $
    11,298
    
    
    $
    (7,747
    )
    
    $
    (6,384
    )
    
    $
    3,528
    
    
    $
    5,131
    
    
    $
    8,618
    
    
    $
    19,840Effective tax rate
    
    
    14.2
    %
    
    
    (10.6
    )%
    
    
    (8.5
    )%
    
    
    125.7
    %
    
    
    27.1
    %
    
    
    24.8
    %
    
    
    30.0
    %
    
    
    15.0
    %
    
    
    23.5
    %
    
    
    33.5
    %Net income (loss) (b) (e) (f) (h) (j)
    
    $
    70,086
    
    
    $
    (28,788
    )
    
    $
    (80,463
    )
    
    $
    (2,307
    )
    
    $
    (20,899
    )
    
    $
    (19,355
    )
    
    $
    8,252
    
    
    $
    29,073
    
    
    $
    28,055
    
    
    $
    39,392Net income margin
    
    
    8.8
    %
    
    
    (3.8
    )%
    
    
    (9.9
    )%
    
    
    (0.3
    )%
    
    
    (3.0
    )%
    
    
    (3.4
    )%
    
    
    1.5
    %
    
    
    5.7
    %
    
    
    6.5
    %
    
    
    9.4
    %Per-Share Amounts:Diluted net
income (loss) (b) (e) (f) (h) (j)
    
    $
    3.51
    
    
    $
    (1.90
    )
    
    $
    (5.48
    )
    
    $
    (0.16
    )
    
    $
    (1.47
    )
    
    $
    (1.39
    )
    
    $
    0.60
    
    
    $
    2.11
    
    
    $
    1.82
    
    
    $
    2.53Dividends paid
    
    $
    0.00
    
    
    $
    0.00
    
    
    $
    0.10
    
    
    $
    0.10
    
    
    $
    0.10
    
    
    $
    0.40
    
    
    $
    0.40
    
    
    $
    0.40
    
    
    $
    0.30
    
    
    $
    0.30Other Information:EBIT
    
    $
    126,839
    
    
    $
    40,667
    
    
    $
    (4,429
    )
    
    $
    74,879
    
    
    $
    17,948
    
    
    $
    (10,484
    )
    
    $
    24,829
    
    
    $
    47,640
    
    
    $
    44,936
    
    
    $
    68,592Depreciation & amortization (b)
    
    $
    41,115
    
    
    $
    43,166
    
    
    $
    44,430
    
    
    $
    41,572
    
    
    $
    35,556
    
    
    $
    32,217
    
    
    $
    29,505
    
    
    $
    28,109
    
    
    $
    19,143
    
    
    $
    18,843EBITDA (c) (e) (f) (j)
    
    $
    167,954
    
    
    $
    83,833
    
    
    $
    40,001
    
    
    $
    116,451
    
    
    $
    53,504
    
    
    $
    21,733
    
    
    $
    54,334
    
    
    $
    75,749
    
    
    $
    64,079
    
    
    $
    87,435EBITDA margin
    
    
    21.0
    %
    
    
    11.2
    %
    
    
    4.9
    %
    
    
    14.3
    %
    
    
    7.8
    %
    
    
    3.8
    %
    
    
    10.0
    %
    
    
    14.7
    %
    
    
    14.8
    %
    
    
    20.8
    %Adjusted
EBITDA (c) (i)
    
    $
    114,958
    
    
    $
    90,141
    
    
    $
    85,238
    
    
    $
    116,451
    
    
    $
    74,041
    
    
    $
    48,969
    
    
    $
    68,853
    
    
    $
    75,749
    
    
    $
    77,713
    
    
    $
    87,435Adjusted EBITDA margin
    
    
    14.4
    %
    
    
    12.0
    %
    
    
    10.5
    %
    
    
    14.3
    %
    
    
    10.7
    %
    
    
    8.6
    %
    
    
    12.6
    %
    
    
    14.7
    %
    
    
    17.9
    %
    
    
    20.8
    %Employees
    
    
    7,005
    
    
    
    6,857
    
    
    
    7,306
    
    
    
    7,442
    
    
    
    7,156
    
    
    
    3,563
    
    
    
    3,808
    
    
    
    3,838
    
    
    
    3,837
    
    
    
    3,218Balance Sheet Data:Total assets
    
    $
    818,971
    
    
    $
    791,514
    
    
    $
    818,407
    
    
    $
    897,970
    
    
    $
    876,976
    
    
    $
    595,784
    
    
    $
    578,204
    
    
    $
    551,116
    
    
    $
    524,527
    
    
    $
    468,082Total liabilities
    
    $
    807,705
    
    
    $
    858,421
    
    
    $
    876,296
    
    
    $
    804,855
    
    
    $
    789,126
    
    
    $
    476,179
    
    
    $
    434,641
    
    
    $
    411,259
    
    
    $
    384,309
    
    
    $
    302,717Working Capital (a)
    
    $
    181,152
    
    
    $
    170,900
    
    
    $
    210,033
    
    
    $
    215,320
    
    
    $
    201,215
    
    
    $
    162,426
    
    
    $
    160,265
    
    
    $
    150,999
    
    
    $
    133,301
    
    
    $
    114,421% of net
sales (g)
    
    
    22.6
    %
    
    
    22.8
    %
    
    
    25.9
    %
    
    
    26.4
    %
    
    
    29.2
    %
    
    
    28.6
    %
    
    
    29.4
    %
    
    
    29.4
    %
    
    
    30.7
    %
    
    
    27.3
    %Total borrowings  net
    
    $
    447,125
    
    
    $
    515,239
    
    
    $
    550,257
    
    
    $
    496,634
    
    
    $
    491,232
    
    
    $
    261,679
    
    
    $
    225,372
    
    
    $
    230,933
    
    
    $
    191,178
    
    
    $
    148,032




---



##### 



Year end December, 31
    
    2010 (e)
    
    2009 (b) (e) (h)
    
    2008 (b) (e)
    
    2007
    
    2006 (e) (h)
    
    2005 (e)
    
    2004 (e)
    
    2003
    
    2002 (f)
    
    2001Cash Flow Data:Net cash provided by (used in) operating activities
    
    $
    47,699
    
    
    $
    102,148
    
    
    $
    (1,040
    )
    
    $
    51,457
    
    
    $
    54,858
    
    
    $
    38,113
    
    
    $
    42,750
    
    
    $
    29,210
    
    
    $
    55,001
    
    
    $
    52,930Capital expenditures
    
    $
    28,247
    
    
    $
    17,005
    
    
    $
    45,717
    
    
    $
    43,121
    
    
    $
    73,598
    
    
    $
    44,270
    
    
    $
    40,482
    
    
    $
    25,718
    
    
    $
    17,535
    
    
    $
    36,863Acquisitions and related costs
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    78,434
    
    
    $
    28,948
    
    
    $
    
    
    
    $
    
    
    
    $
    62,046
    
    
    $
    Proceeds from asset sales and other
    
    $
    
    
    
    $
    265
    
    
    $
    117
    
    
    $
    8,213
    
    
    $
    
    
    
    $
    212
    
    
    $
    16,623
    
    
    $
    897
    
    
    $
    3,523
    
    
    $
    (1,563
    )Dividends received from equity investments
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    980
    
    
    $
    4,900
    
    
    $
    4,659
    
    
    $
    4,918Payment of interest on New PIK Notes
    
    $
    29,400
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    Free Cash Flow (d)
    
    $
    48,852
    
    
    $
    85,408
    
    
    $
    (46,640
    )
    
    $
    16,549
    
    
    $
    (97,174
    )
    
    $
    (34,893
    )
    
    $
    19,871
    
    
    $
    9,289
    
    
    $
    (16,398
    )
    
    $
    19,422Shares repurchased
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    38,918
    
    
    $
    26,837
    
    
    $
    1,229Dividends paid
    
    $
    
    
    
    $
    
    
    
    $
    1,466
    
    
    $
    1,446
    
    
    $
    1,417
    
    
    $
    5,536
    
    
    $
    5,481
    
    
    $
    5,506
    
    
    $
    4,574
    
    
    $
    4,588
 
 (a)
    
    Defined as net accounts receivable plus net inventory less accounts payable.(b)
    
    Includes $705 and $261 in 2009 and 2008, respectively, of depreciation expense included in
special charges disclosed in note 7 to the Consolidated Financial Statements.(c)
    
    We believe that EBITDA (earnings before interest, taxes, depreciation and amortization) and
Adjusted EBITDA (adjusted earnings before interest, taxes, depreciation and amortization), non-GAAP
financial measures, are useful metrics for evaluating our financial performance, as they are
measures that we use internally to assess performance.(d)
    
    We believe that Free Cash Flow (net cash provided by (used in) operating activities, less
capital expenditures and acquisition & related costs,
plus proceeds from asset sales and other, plus dividends received from equity investments and
payment of interest on New PIK Notes), is a useful metric
for evaluating our financial performance, as it is the measure that we use internally to assess
performance.(e)
    
    Includes special charges of $5,194, $3,823 and $45,498 in 2010, 2009 and 2008, respectively and
is disclosed in note 7 to the Consolidated Financial Statements. We incurred $18,492 in 2006 for
our restructuring of Crisa, our capacity realignment and closure of our City of Industry,
California facility and North American salaried workforce reduction program. We incurred $27,236
in 2005 for our capacity realignment and closure of our City of Industry, California facility, the
North American salaried workforce reduction program and the Syracuse China asset impairment. We
incurred $14,519 in 2004 for our capacity realignment and closure of our City of Industry,
California facility.(f)
    
    2002, includes $13,634 of expenses related to an abandoned acquisition.(g)
    
    The 2006 calculations include Crisa pro forma net sales for 2006.(h)
    
    Interest expense includes a special charge of $2,700 in 2009 as disclosed in note 7 to the
Consolidated Financial Statements. Interest expense includes a special charge of $4,906 in 2006 to
write off unamortized finance fees related to debt that we refinanced.(i)
    
    Excludes$945 insurance recovery and $1,047 of fees related to a secondary stock offering in
2010, pension settlement charges of $3,190 and $2,045 in 2009 and 2006, respectively, special
charges discussed in footnotes (b) and (e) above, a gain on redemption of debt discussed in
footnote (j) below and expenses related to an abandoned acquisition discussed in footnote (f)
above.(j)
    
    Includes $58,292 for gain on redemption of debt in 2010.