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|   | x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (FEE REQUIRED) |
|--------|---|-----------------------------------------------------------------------------------------------------|

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| New York                 | 16-0547600                              |
|--------------------------|-----------------------------------------|
| (State of Incorporation) | (I.R.S. Employer Identification Number) |

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| Large accelerated filer  o | Accelerated filer x         |
|--------------------------------------|-----------------------------|
| Non-accelerated filer o              | Smaller reporting company o |

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|   | • | overhead material handling and lifting devices; |
|--------|---------|-------------------------------------------------|

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|   | • | continuous materials movement; |
|--------|---------|--------------------------------|

|   | • | wheeled handling devices; |
|--------|---------|---------------------------|

|   | • | pallets, containers and packaging; |
|--------|---------|------------------------------------|

|   | • | storage equipment and shop furniture; |
|--------|---------|---------------------------------------|

|   | • | automation systems and robots; and |
|--------|---------|------------------------------------|

|   | • | services and unbundled software. |
|--------|---------|----------------------------------|

| Product Category                 |   | U.S. Market Share |   |   | U.S. Market Position |   |   | Percentage of U.S. Net Sales |   |
|----------------------------------|--------|-------------------|--------|--------|----------------------|--------|--------|------------------------------|--------|
| Powered Hoists (1)               |   |              | 45     | %      |                 |   | #1     |                         |   |   | 22 | % |
| Manual Hoists & Trolleys (1) |   |              | 55     | %      |                 |   | #1     |                         |   |   | 13 | % |
| Forged Attachments (1)           |   |              | 35     | %      |                 |   | #1     |                         |   |   | 7 | % |
| Lifting and Sling Chains         |   |              | 49     | %      |                 |   | #1     |                         |   |   | 4 | % |
| Hoist Parts (2)                  |   |              | 50     | %      |                 |   | #1     |                         |   |   | 10 | % |
| Mechanical Actuators (3)         |   |              | 43     | %      |                 |   | #1     |                         |   |   | 5 | % |
| Tire Shredders (4)               |   |              | 80     | %      |                 |   | #1     |                         |   |   | 2 | % |
| Jib Cranes (5)                   |   |              | 25     | %      |                 |   | #1     |                         |   |   | 1 | % |
|                             |   |              |   |   |                 |   |   |                         |   |   | 64 | % |

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|   | (1) | Market share and market position data are internal estimates derived from survey information collected and provided by our trade associations in 2009. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | Market share and market position data are internal estimates based on our market shares of Powered Hoists and Manual Hoists & Trolleys, which we believe are good proxies for our Hoist Parts market share because we believe most end-users, purchase Hoist Parts from the original equipment supplier. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | Market share and market position data are internal estimates derived by comparison of our net sales to net sales of one of our competitors and to estimates of total market sales from a trade association in 2009. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | (4) | Market share and market position data are internal estimates derived by comparing the number of our tire shredders in use and their capacity to estimates of the total number of tires shredded published by a trade association in 2009. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (5) | Market share and market position are internal estimates derived from both the number of bids we win as a percentage of the total projects for which we submit bids and from estimates of our competitors’ net sales based on their relative position in distributor catalogues in 2009. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | — | Rationalization and Consolidation - We have a successful history of consolidating manufacturing facilities and optimizing warehouse utilization and location resulting in lower annual operating costs and improving our fixed-variable cost relationship.  During fiscal 2010, we underwent consolidation of our North American hoist and rigging operations in accordance with our strategy. We completed the closure of one of our manufacturing facilities and significantly downsized a second facility in the third quarter of fiscal 2010. We expect to complete the closure of a third facility at the end of our FY 2011 first quarter. We expect that these projects will  result in an aggregate reduction of approximately 500,000 square feet of manufacturing space and generate annual savings estimated at approximately $13-$15 million. |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | — | Lean Culture -   We have been applying Lean techniques since 2001, facilitating inventory reductions, and a significant decline in required manufacturing floor space, a decrease in product lead time and improved productivity and on-time deliveries.  We believe continued application of Lean will generate benefits for many years to come. We are developing our people and focusing on now becoming a Lean culture where we improve our processes and reduce waste in all forms in all our business activities. |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | — | International Expansion - Our continued expansion of our manufacturing facilities in China, Mexico and Hungary provides us with a cost efficient platform to manufacture and distribute certain of our products and components. We now operate 22 manufacturing facilities in eight countries, with 41 stand alone sales and service offices in 19 countries. |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | — | Consolidated Purchasing Activities -   We continue to leverage our company-wide purchasing power through our Purchasing Council to reduce our costs and manage fluctuations in commodity pricing, including steel. |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | — | Selective Integration and outsourcing - We manufacture many of the critical parts and components used in the manufacture of our hoists and lifting systems, resulting in reduced costs. We also evaluate outsourcing opportunities for non-critical operations and components. |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | — | Leverage Our Strong Competitive Position - Our large, diversified, global customer base, our extensive distribution channels and our close relationships with end users and channel partners provide us with insights into customer preferences and product requirements that allow us to anticipate and address the future needs of the marketplace. We are also investing in key vertical markets that will help us grow our revenues in these key markets. |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | — | Introducing New Product - We continue to expand our business by developing new material handling products and services and expanding the breadth of our product lines to address material handling needs of our customers. We design our powered hoist lines to many international standards included the FEM (European) and ANSI (U.S.) and other standard setting bodies. We employ the StageGate process to enhance discipline and focus in our new product development program.  New product sales (as defined by new items introduced within the last three years) amounted to $74.3 million, $74.8 million and $89.0 million in fiscal 2010, 2009 and 2008, respectively. |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | — | Leveraging Our Brand Portfolio to Maximize Market Coverage -   Most industrial distributors carry one or two lines of material handling products on a semi-exclusive basis.  Unlike many of our competitors, we have developed and acquired multiple well-recognized brands that are viewed by both distributors and end-users as discrete product lines.  As a result, we are able to sell our products to multiple distributors in the same geographic area.  This strategy maximizes our market coverage and provides the largest number of end-users with access to our products. |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | — | Lean -   We continuously identify value streams throughout our businesses and work intensively to remove waste in all forms. We started Lean in 2001 and continue to recognize benefits from this effort. |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | — | Rationalization of Facilities -   We have a successful history of consolidating manufacturing resulting in lower annual operating costs and improving our fixed-variable cost relationship.  We have sufficient capacity to meet current and future demand and we periodically investigate opportunities for further facility rationalization.  During fiscal 2010, we began consolidation of our North American hoist and rigging operations in accordance with our strategy.  This involves the closing of two manufacturing facilities and significantly downsizing a third facility during  fiscal 2010 and continuing through fiscal 2011 resulting in a reduction of approximately 500,000 square feet of manufacturing space and generating annual savings estimated at approximately $13-$15 million. |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | — | Leveraging of Our Purchasing Power -   Our Purchasing Council was formed in fiscal 1998 to centralize and leverage our overall purchasing power and has resulted in significant savings for our Company as well as management of fluctuations in commodity pricing, including steel. |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                        |   | Fiscal Years Ended March 31, |   |
|-----------------------------|--------|-----------------------------------|--------|
|                        |   | 2010                              |   |   | 2009 |   |
| Hoists                      |   |                              | 53     | % |   |   | 55 | % |
| Chain                       |   |                              | 11     |   |   |   | 12 |   |
| Forged attachments          |   |                              | 10     |   |   |   | 10 |   |
| Industrial cranes           |   |                              | 9      |   |   |   | 10 |   |
| Actuators and rotary unions |   |                              | 14     |   |   |   | 10 |   |
| Other                       |   |                              | 3      |   |   |   | 3 |   |
|                        |   |                              | 100    | % |   |   | 100 | % |

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|   | — | Industrial distributors that serve local or regional industrial markets and sell a variety of products for maintenance repair, operating and production, or MROP, applications through their own direct sales force. |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | — | Rigging shops that are distributors with expertise in rigging, lifting, positioning and load securing. Most rigging shops assemble and distribute chain, wire rope and synthetic slings and distribute manual hoists and attachments, chain slings and other products. |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | — | Independent crane builders that design, build, install and service overhead crane and light-rail systems for general industry and also distribute a wide variety of hoists and crane components. We sell electric wire rope hoists and chain hoists as well as crane components, such as end trucks, trolleys, drives and electrification systems to crane builders. |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | — | National distributors that market a variety of MROP supplies, including material handling products, either exclusively through large, nationally distributed catalogs, or through a combination of catalog, internet and branch sales and a field sales force. The customer base served by national distributors such as W. W. Grainger, which traditionally included smaller industrial companies and consumers, has grown to include large industrial accounts and integrated suppliers. |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | — | Material handling specialists and integrators that design and assemble systems incorporating hoists, overhead rail systems, trolleys, scissor lift tables, manipulators, air balancers, jib arms and other material handling products to provide end-users with solutions to their material handling problems. |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | — | Entertainment equipment distributors that design, supply and install a variety of material handling and rigging equipment for concerts, theaters, ice shows, sporting events, convention centers and night clubs. |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | — | OEMs that supply various component parts directly to other industrial manufacturers as well as private branding and packaging of our traditional products for material handling, lifting, positioning and special purpose applications. |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | — | Government agencies, including the U.S. and Canadian Navies and Coast Guards, that purchase primarily load securing chain and forged attachments. We also provide our products to the U.S government for a variety of military applications. |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Location        |   | Products/Operations                         |   | Square Footage |   | Owned or Leased |
|-----------------|--------|---------------------------------------------|--------|----------------|--------|-----------------|
| United States:  |   |                                        |   |           |   |            |
| Muskegon, MI    |   | Hoists (scheduled for closure in June 2010) |   | 441,000        |   | Owned           |
| Wadesboro, NC   |   | Hoists                                      |   | 186,000        |   | Owned           |
| Lexington, TN   |   | Chain                                       |   | 165,000        |   | Owned           |
| Charlotte, NC   |   | Actuators and Rotary Unions                 |   | 146,000        |   | Leased          |
| Eureka, IL      |   | Cranes                                      |   | 91,000         |   | Owned           |
| Damascus, VA    |   | Hoists                                      |   | 90,000         |   | Owned           |
| Chattanooga, TN |   | Forged attachments                          |   | 81,000         |   | Owned           |
| Chattanooga, TN |   | Forged attachments                          |   | 59,000         |   | Owned           |
| Cleveland, TX   |   | Cranes and below-the-hook tooling           |   | 39,000         |   | Owned           |
| Lisbon, OH      |   | Hoists and below-the-hook tooling           |   | 37,000         |   | Owned           |
| Tonawanda, NY   |   | Light-rail crane systems                    |   | 35,000         |   | Owned           |
| Sarasota, FL    |   | Tire shredders                              |   | 25,000         |   | Owned           |
|            |   |                                        |   |           |   |            |

| International:                  |   |                                               |   |    |   |   |
|---------------------------------|--------|----------------------------------------------------|--------|---------|--------|--------|
| Velbert, Germany                |   | Hoists                                             |   | 108,000 |   | Leased |
| Kissing, Germany                |   | Hoists, winches, and actuators                     |   | 107,000 |   | Leased |
| Santiago, Tianguistenco, Mexico |   | Hoists                                             |   | 91,000  |   | Owned  |
| Hangzhou, China                 |   | Hoists and hand pallet trucks                      |   | 78,000  |   | Leased |
| Hangzhou, China                 |   | Textile strappings                                 |   | 58,000  |   | Leased |
| Hangzhou, China                 |   | Metal fabrication, textiles and textile strappings |   | 51,000  |   | Leased |
| Chester, United Kingdom         |   | Plate clamps                                       |   | 48,000  |   | Leased |
| Heilbronn, Germany              |   | Actuators                                          |   | 23,000  |   | Leased |
| Romeny-sur-Marne, France        |   | Rotary unions                                      |   | 22,000  |   | Owned  |
| Szekesfeher, Hungary            |   | Textiles and textile strappings                    |   | 24,000  |   | Leased |

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|                      |   | Price Range of Common Stock |   |
|---------------------------|--------|-----------------------------|--------|
|                      |   | High                        |   |   | Low |   |
|                      |   |                        |   |   |   |   |
| Year Ended March 31, 2009 |   |                        |   |   |   |   |
| First Quarter             |   | $                           | 32.87  |   |   | $ | 24.05 |   |
| Second Quarter            |   |                        | 30.14  |   |   |   | 21.29 |   |
| Third Quarter             |   |                        | 23.69  |   |   |   | 8.84 |   |
| Fourth Quarter            |   |                        | 16.25  |   |   |   | 6.90 |   |
|                      |   |                        |   |   |   |   |   |   |
| Year Ended March 31, 2010 |   |                        |   |   |   |   |   |   |
| First Quarter             |   | $                           | 15.32  |   |   | $ | 8.43 |   |
| Second Quarter            |   |                        | 16.28  |   |   |   | 11.36 |   |
| Third Quarter             |   |                        | 17.79  |   |   |   | 13.61 |   |
| Fourth Quarter            |   |                        | 17.33  |   |   |   | 12.63 |   |

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|                                                          |   | Year ended March 31st |    |
|---------------------------------------------------------------|--------|----------------------------|---------|
|                                                          |   | 2010                       |    |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |
|                                                          |   |                       |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Statements of Operations Data:                                |   |                       |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                                                     |   | $                          | 476.1   |   |   |   | 606.7 |   |   | $ | 593.8 |   |   | $ | 550.5 |   |   | $ | 513.3 |   |
| Cost of products sold                                         |   |                       | 360.2   |   |   |   | 433.0 |   |   |   | 408.2 |   |   |   | 385.7 |   |   |   | 372.1 |   |
| Gross profit                                                  |   |                       | 115.9   |   |   |   | 173.7 |   |   |   | 185.6 |   |   |   | 164.8 |   |   |   | 141.2 |   |
| Selling expenses                                              |   |                       | 64.4    |   |   |   | 72.6 |   |   |   | 69.9 |   |   |   | 59.4 |   |   |   | 51.9 |   |
| General and administrative expenses                           |   |                       | 36.9    |   |   |   | 37.7 |   |   |   | 34.1 |   |   |   | 30.6 |   |   |   | 30.4 |   |
| Restructuring charges (1)                                     |   |                       | 16.5    |   |   |   | 1.9 |   |   |   | 0.8 |   |   |   | (0.1 | ) |   |   | 1.6 |   |
| Impairment loss (2)                                           |   |                       | — |   |   |   | 107.0 |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Amortization of intangibles                                   |   |                       | 1.9     |   |   |   | 1.0 |   |   |   | 0.1 |   |   |   | 0.2 |   |   |   | 0.3 |   |
| (Loss) income from operations                                 |   |                       | (3.8    | ) |   |   | (46.5 | ) |   |   | 80.7 |   |   |   | 74.7 |   |   |   | 57.0 |   |
| Interest and debt expense                                     |   |                       | 13.2    |   |   |   | 13.2 |   |   |   | 13.6 |   |   |   | 15.9 |   |   |   | 24.4 |   |
| Other (income) and expense, net                               |   |                       | (4.2    | ) |   |   | (1.6 | ) |   |   | (2.6 | ) |   |   | (1.9 | ) |   |   | 5.3 |   |
| (Loss) income before income taxes                             |   |                       | (12.8   | ) |   |   | (58.1 | ) |   |   | 69.7 |   |   |   | 60.7 |   |   |   | 27.3 |   |
| Income tax (benefit) expense                                  |   |                       | (5.3    | ) |   |   | 18.0 |   |   |   | 22.8 |   |   |   | 22.1 |   |   |   | (31.4 | ) |
| (Loss) income from continuing operations                      |   |                       | (7.5    | ) |   |   | (76.1 | ) |   |   | 46.9 |   |   |   | 38.6 |   |   |   | 58.7 |   |
| (Loss) income from discontinued operations (3)                |   |                       | 0.5     |   |   |   | (2.3 | ) |   |   | (9.6 | ) |   |   | (4.5 | ) |   |   | 1.1 |   |
| Net (loss) income                                             |   | $                          | (7.0    | ) |   |   | (78.4 | ) |   | $ | 37.3 |   |   | $ | 34.1 |   |   | $ | 59.8 |   |
| Diluted (loss) earnings per share from continuing operations  |   | $                          | (0.40   | ) |   |   | (4.16 | ) |   | $ | 2.45 |   |   | $ | 2.04 |   |   | $ | 3.53 |   |
| Basic (loss) earnings per share from continuing operations    |   | $                          | (0.40   | ) |   |   | (4.16 | ) |   | $ | 2.50 |   |   | $ | 2.09 |   |   | $ | 3.66 |   |
| Weighted average shares outstanding – assuming dilution |   |                       | 19.0    |   |   |   | 18.9 |   |   |   | 19.2 |   |   |   | 19.0 |   |   |   | 16.6 |   |
| Weighted average shares outstanding – basic             |   |                       | 19.0    |   |   |   | 18.9 |   |   |   | 18.7 |   |   |   | 18.5 |   |   |   | 16.1 |   |
|                                                          |   |                       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance Sheet Data (at end of period):                        |   |                       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total assets                                                  |   | $                          | 481.5   |   |   |   | 491.7 |   |   | $ | 590.0 |   |   | $ | 565.6 |   |   | $ | 566.0 |   |
| Total debt (4)                                                |   |                       | 132.8   |   |   |   | 137.9 |   |   |   | 133.3 |   |   |   | 159.4 |   |   |   | 204.3 |   |
| Total debt, net of cash and cash equivalents                  |   |                       | 68.8    |   |   |   | 98.7 |   |   |   | 57.3 |   |   |   | 110.7 |   |   |   | 158.7 |   |
| Total shareholders’ equity                              |   |                       | 187.3   |   |   |   | 181.9 |   |   |   | 295.5 |   |   |   | 241.3 |   |   |   | 204.4 |   |
|                                                          |   |                       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Data:                                                   |   |                       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net cash provided by operating activities                     |   |                       | 29.9    |   |   |   | 60.2 |   |   |   | 59.6 |   |   |   | 45.5 |   |   |   | 46.4 |   |
| Net cash used in investing activities                         |   |                       | (1.4    | ) |   |   | (65.5 | ) |   |   | (8.6 | ) |   |   | (3.4 | ) |   |   | (6.4 | ) |
| Net cash used in financing activities                         |   |                       | (5.4    | ) |   |   | (22.5 | ) |   |   | (28.6 | ) |   |   | (39.9 | ) |   |   | (4.2 | ) |
| Capital expenditures                                          |   |                       | 7.2     |   |   |   | 12.2 |   |   |   | 12.5 |   |   |   | 10.5 |   |   |   | 8.2 |   |
| Cash dividends per common share                               |   |                       | 0.00    |   |   |   | 0.00 |   |   |   | 0.00 |   |   |   | 0.00 |   |   |   | 0.00 |   |

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|   | (1) | Refer to “Results of Operations” in “Item 7.  Management’s Discussion and Analysis of Results of Operations and Financial Condition” for a discussion of the restructuring charges related to fiscal 2010, 2009, and 2008.  The fiscal 2006 charges consist of the cost of removal of certain environmentally hazardous materials ($0.6 million), inventory disposal costs related to the rationalization of certain product families within our mechanical jack lines ($0.4 million), the ongoing maintenance costs of a non-operating facility accrued based on anticipated sale date ($0.3 million) and other facility rationalization projects ($0.3 million). |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | The Company’s impairment testing is performed on an annual basis in the fourth quarter of each year. The Company recorded a $107.0 million goodwill impairment charge in accordance with ASC Topic 350-20 during the fourth quarter of fiscal 2009. Refer to “Item 7. Management’s Discussion and Analysis of Results of Operations and Financial Condition” and Note 9 to our consolidated financial statements for additional information on Goodwill and Intangible Assets. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | In July 2008, the Company sold its integrated material handling conveyor systems business, Univeyor A/S and its results of operations have been reflected as discontinued operations for all periods presented.  In May 2002, the Company sold substantially all of the assets of ASI.  As part of the sale of ASI, the Company received an 8% subordinated note in the principal amount of $6.8 million which is payable over 10 years beginning in August 2004.  The full amount of this note has been reserved due to the uncertainty of collection. Principal payments received on the note are recorded as income from discontinued operations at the time of receipt.  All interest and principal payments required under the note have been made to date.  Refer to Note 4 to our consolidated financial statements for additional information on Discontinued Operations. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (4) | Total debt includes all debt, including the current portion, notes payable and subordinated debt. |
|--------|-----|---------------------------------------------------------------------------------------------------|

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|                                                                                      |   | Total  |   |   | Fiscal 2011 |   |   | Fiscal 2012-Fiscal 2013 |   |   | Fiscal 2014-Fiscal 2015 |   |   | More Than Five Years |   |
|-------------------------------------------------------------------------------------------|--------|--------|--------|--------|-------------|--------|--------|-------------------------|--------|--------|-------------------------|--------|--------|----------------------|--------|
| Long-term debt obligations (a)                                                            |   | $      | 131.9  |   |        | $      | 1.1    |                    |   | $      | 2.3                     |   |   | $                    | 127.2  |   |   | $ | 1.3 |   |
| Operating lease obligations (b)                                                           |   |   | 6.8    |   |        |   | 3.4    |                    |   |   | 2.6                     |   |   |                 | .8     |   |   |   | -- |   |
| Purchase obligations (c)                                                                  |   |   | --     |   |        |   | --     |                    |   |   | --                      |   |   |                 | --     |   |   |   | -- |   |
| Interest obligations (d)                                                                  |   |   | 43.5   |   |        |   | 11.7   |                    |   |   | 22.6                    |   |   |                 | 9.1    |   |   |   | 0.1 |   |
| Letter of credit obligations                                                              |   |   | 16.6   |   |        |   | 16.6   |                    |   |   | --                      |   |   |                 | --     |   |   |   | -- |   |
| Uncertain tax positions                                                                   |   |   | 3.6    |   |        |   | 0.2    |                    |   |   | 2.1                     |   |   |                 | 1.3    |   |   |   | 0.0 |   |
| Projected pension and other post retirement obligation benefit payouts                    |   |   | 118.6  |   |        |   | 10.1   |                    |   |   | 21.9                    |   |   |                 | 22.4   |   |   |   | 64.2 |   |
| Other long-term liabilities reflected on the Company’s balance sheet under GAAP (e) |   |   | 72.4   |   |        |   | 0.0    |                    |   |   | 25.3                    |   |   |                 | 26.1   |   |   |   | 21.0 |   |
| Total                                                                                     |   | $      | 393.4  |   |        | $      | 43.1   |                    |   | $      | 76.8                    |   |   | $                    | 186.9  |   |   | $ | 86.6 |   |

|   | (a) | As described in Note 11 to consolidated financial statements. |
|--------|-----|---------------------------------------------------------------|

|   | (b) | As described in Note 18 to consolidated financial statements. |
|--------|-----|---------------------------------------------------------------|

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|   | (c) | We have no purchase obligations specifying fixed or minimum quantities to be purchased. We estimate that, at any given point in time, our open purchase orders to be executed in the normal course of business approximate $40 million. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | Estimated for our Senior Subordinated Notes due 11/1/13. |
|--------|-----|----------------------------------------------------------|

|   | (e) | As described in Note 10 to our consolidated financial statements. Additionally, we intend to contribute approximately $10.0 million to our pension plans for fiscal 2011. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                             |   | Balance as ofMarch 31, 2010 |   |
|--------------------------------------------------|--------|----------------------------------|--------|
| Property, plant and equipment, net               |   | $                                | 57.1   |   |
| Acquired intangibles with estimable useful lives |   |                             | 19.0   |   |
| Other assets                                     |   |                             | 4.0    |   |

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| (1)   | Financial Statements:                                                                                                                                                                                                                  |   |        |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------|
|            |                                                                                                                                                                                                                                   |   |        |
|            | The following consolidated financial statements of Columbus McKinnon Corporation are included in Item 8:                                                                                                                               |
|            |                                                                                                                                                                                                                                   |   |        |
|            | Reference                                                                                                                                                                                                                              |   | Page No.    |
|            |                                                                                                                                                                                                                                   |   |        |
|            | Report of Ernst & Young LLP, Independent Registered Public Accounting Firm                                                                                                                                                         |   | F-2         |
|            |                                                                                                                                                                                                                                   |   |        |
|            | Consolidated balance sheets - March 31, 2010 and 2009                                                                                                                                                                                  |   | F-3         |
|            |                                                                                                                                                                                                                                   |   |        |
|            | Consolidated statements of operations – Years ended March 31, 2010, 2009, and 2008                                                                                                                                               |   | F-4         |
|            |                                                                                                                                                                                                                                   |   |        |
|            | Consolidated statements of shareholders’ equity – Years ended March 31, 2010, 2009, and 2008                                                                                                                               |   | F-5         |
|            |                                                                                                                                                                                                                                   |   |        |
|            | Consolidated statements of cash flows – Years ended March 31, 2010, 2009 , and 2008                                                                                                                                              |   | F-6         |
|            |                                                                                                                                                                                                                                   |   |        |
|            | Notes to consolidated financial statements                                                                                                                                                                                             |   | F-7 to F-48 |
|            |                                                                                                                                                                                                                                   |   |        |
|            |                                                                                                                                                                                                                                   |   |        |
| (2)   | Financial Statement Schedule:                                                                                                                                                                                                          |   | Page No.    |
|            |                                                                                                                                                                                                                                   |   |        |
|            | Schedule II - Valuation and qualifying accounts                                                                                                                                                                                        |   | F-49        |
|            |                                                                                                                                                                                                                                   |   |        |
|            | All other schedules for which provision is made in the applicable accounting regulation of the Securities and Exchange Commission are not required under the related instructions or are inapplicable and therefore have been omitted. |
|            |                                                                                                                                                                                                                                   |
|            |                                                                                                                                                                                                                                   |
| (3)   | Exhibits:                                                                                                                                                                                                                              |

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| Exhibit Number |   | Exhibit                                                                                                                                                                                                                                                                                                                                                                                    |
|----------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|           |   |                                                                                                                                                                                                                                                                                                                                                                                       |
| 3.1            |   | Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.1 to the Company’s Registration Statement No. 33-80687 on Form S-1 dated December 21, 1995).                                                                                                                                                                                         |
|           |   |                                                                                                                                                                                                                                                                                                                                                                                       |
| 3.2            |   | Amended By-Laws of the Registrant (incorporated by reference to Exhibit 3. to the Company’s Current Report on Form 8-K dated May 17, 1999).                                                                                                                                                                                                                                          |
|           |   |                                                                                                                                                                                                                                                                                                                                                                                       |
| 3.3            |   | Certificate of Amendment to the Certificate of Incorporation of Columbus McKinnon Corporation, dated as of May 18, 2009 (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K dated May 18, 2009).                                                                                                                                                   |
|           |   |                                                                                                                                                                                                                                                                                                                                                                                       |
| 4.1            |   | Specimen common share certificate (incorporated by reference to Exhibit 4.1 to the Company’s Registration Statement No. 33-80687 on Form S-1 dated December 21, 1995.)                                                                                                                                                                                                               |
|           |   |                                                                                                                                                                                                                                                                                                                                                                                       |
| 4.2            |   | Indenture among Columbus McKinnon Corporation, Audubon Europe S.a.r.l., Crane Equipment & Service, Inc., Yale Industrial Products, Inc. and U.S. Bank National Association., as trustee, dated as of September 2, 2005 (incorporated by reference to Exhibit 4.5 to the Company’s Registration Statement No. 33-129142 on Form S-3 dated October 19, 2005).                      |
|           |   |                                                                                                                                                                                                                                                                                                                                                                                       |
| 4.3            |   | Rights Agreement, dated as of May 18, 2009, between Columbus McKinnon Corporation and American Stock Transfer & Trust Company, LLC, which includes the form of Right Certificate as Exhibit B and the Summary of Rights to Purchase Preferred Stock as Exhibit C (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K dated May 18, 2009). |
|           |   |                                                                                                                                                                                                                                                                                                                                                                                       |
| #10.1          |   | Agreement by and among Columbus McKinnon Corporation Employee Stock Ownership Trust, Columbus McKinnon Corporation and Marine Midland Bank, dated November 2, 1995 (incorporated by reference to Exhibit 10.6 to the Company’s Registration Statement No. 33-80687 on Form S-1 dated December 21, 1995).                                                                             |
|           |   |                                                                                                                                                                                                                                                                                                                                                                                       |
| #10.2          |   | Columbus McKinnon Corporation Employee Stock Ownership Plan Restatement Effective April 1, 1989 (incorporated by reference to Exhibit 10.23 to the Company’s Registration Statement No. 33-80687 on Form S-1 dated December 21, 1995).                                                                                                                                               |
|           |   |                                                                                                                                                                                                                                                                                                                                                                                       |
| #10.3          |   | Amendment No. 1 to the Columbus McKinnon Corporation Employee Stock Ownership Plan as Amended and Restated as of April 1, 1989, dated March 2, 1995 (incorporated by reference to Exhibit 10.24 to the Company’s Registration Statement No. 33-80687 on Form S-1 dated December 21, 1995).                                                                                           |

----

| #10.4  |   | Amendment No. 2 to the Columbus McKinnon Corporation Employee Stock Ownership Plan, dated October 17, 1995 (incorporated by reference to Exhibit 10.38 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 1997).                                                                                                                          |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                         |
| #10.5  |   | Amendment No. 3 to the Columbus McKinnon Corporation Employee Stock Ownership Plan, dated March 27, 1996 (incorporated by reference to Exhibit 10.39 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 1997).                                                                                                                            |
|   |   |                                                                                                                                                                                                                                                                                                                                                                         |
| #10.6  |   | Amendment No. 4 of the Columbus McKinnon Corporation Employee Stock Ownership Plan as Amended and Restated as of April 1, 1989, dated September 30, 1996 (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 1996).                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                         |
| #10.7  |   | Amendment No. 5 to the Columbus McKinnon Corporation Employee Stock Ownership Plan as Amended and Restated as of April 1, 1989, dated August 28, 1997 (incorporated by reference to Exhibit 10.37 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 1998).                                                                               |
|   |   |                                                                                                                                                                                                                                                                                                                                                                         |
| #10.8  |   | Amendment No. 6 to the Columbus McKinnon Corporation Employee Stock Ownership Plan as Amended and Restated as of April 1, 1989, dated June 24, 1998 (incorporated by reference to Exhibit 10.38 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 1998).                                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                         |
| #10.9  |   | Amendment No. 7 to the Columbus McKinnon Corporation Employee Stock Ownership Plan as Amended and Restated as of April 1, 1989, dated April 30, 2000 (incorporated by reference to Exhibit 10.24 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2000).                                                                                |
|   |   |                                                                                                                                                                                                                                                                                                                                                                         |
| #10.10 |   | Amendment No. 8 to the Columbus McKinnon Corporation Employee Stock Ownership Plan as Amended and Restated as of April 1, 1989, dated March 26, 2002 (incorporated by reference to Exhibit 10.30 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2002).                                                                                |
|   |   |                                                                                                                                                                                                                                                                                                                                                                         |
| #10.11 |   | Amendment No. 9 to the Columbus McKinnon Corporation Employee Stock Ownership Plan as Amended and Restated as of April 1, 1989, dated March 27, 2003 (incorporated by reference to Exhibit 10.32 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2003).                                                                                |
|   |   |                                                                                                                                                                                                                                                                                                                                                                         |
| #10.12 |   | Amendment No. 10 to the Columbus McKinnon Corporation Employee Stock Ownership Plan as Amended and Restated as of April 1, 1989, dated February 28, 2004 (incorporated by reference to Exhibit 10.12 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2004).                                                                            |
|   |   |                                                                                                                                                                                                                                                                                                                                                                         |
| #10.13 |   | Amendment No. 11 to the Columbus McKinnon Corporation Employee Stock Ownership Plan as Amended and Restated as of April 1, 1989, dated December 19, 2003 (incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended December 28, 2003).                                                                  |
|   |   |                                                                                                                                                                                                                                                                                                                                                                         |
| #10.14 |   | Amendment No. 12 to the Columbus McKinnon Corporation Employee Stock Ownership Plan as Amended and Restated as of April 1, 1989, dated March 17, 2005 (incorporated by reference to Exhibit 10.14 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2005).                                                                               |
|   |   |                                                                                                                                                                                                                                                                                                                                                                         |
| #10.15 |   | Amendment No. 13 to the Columbus McKinnon Corporation Employee Stock Ownership Plan as Amended and Restated as of April 1, 1989, dated December 19, 2008 (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended December 28, 2008).                                                                  |
|   |   |                                                                                                                                                                                                                                                                                                                                                                         |
| #10.16 |   | Columbus McKinnon Corporation Personal Retirement Account Plan Trust Agreement, dated April 1, 1987 (incorporated by reference to Exhibit 10.25 to the Company’s Registration Statement No. 33-80687 on Form S-1 dated December 21, 1995).                                                                                                                             |
|   |   |                                                                                                                                                                                                                                                                                                                                                                         |
| #10.17 |   | Amendment No. 1 to the Columbus McKinnon Corporation Employee Stock Ownership Trust Agreement (formerly known as the Columbus McKinnon Corporation Personal Retirement Account Plan Trust Agreement) effective November 1, 1988 (incorporated by reference to Exhibit 10.26 to the Company’s Registration Statement No. 33-80687 on Form S-1 dated December 21, 1995). |
|   |   |                                                                                                                                                                                                                                                                                                                                                                         |
| #10.18 |   | Amendment and Restatement of Columbus McKinnon Corporation 1995 Incentive Stock Option Plan (incorporated by reference to Exhibit 10.25 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 1999).                                                                                                                                         |

----

| #10.19 |   | Second Amendment to the Columbus McKinnon Corporation 1995 Incentive Stock Option Plan, as amended and restated (incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 29, 2002).                |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                               |
| #10.20 |   | Columbus McKinnon Corporation Restricted Stock Plan, as amended and restated (incorporated by reference to Exhibit 10.28 to the Company’s Registration Statement No. 33-80687 on Form S-1 dated December 21, 1995).                                                          |
|   |   |                                                                                                                                                                                                                                                                               |
| #10.21 |   | Second Amendment to the Columbus McKinnon Corporation Restricted Stock Plan (incorporated by reference to Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 29, 2002).                                                    |
|   |   |                                                                                                                                                                                                                                                                               |
| #10.22 |   | Amendment and Restatement of Columbus McKinnon Corporation Non-Qualified Stock Option Plan (incorporated by reference to Exhibit 10.27 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 1999).                                                |
|   |   |                                                                                                                                                                                                                                                                               |
| #10.23 |   | Columbus McKinnon Corporation Thrift [401(k)] Plan 1989 Restatement Effective January 1, 1998 (incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended December 27, 1998).                                   |
|   |   |                                                                                                                                                                                                                                                                               |
| #10.24 |   | Amendment No. 1 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Thrift [401(k)] Plan, dated December 10, 1998 (incorporated by reference to Exhibit 10.29 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 1999).           |
|   |   |                                                                                                                                                                                                                                                                               |
| #10.25 |   | Amendment No. 2 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Thrift [401 (k)] Plan, dated June 1, 2000 (incorporated by reference to Exhibit 10.33 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2000).               |
|   |   |                                                                                                                                                                                                                                                                               |
| #10.26 |   | Amendment No. 3 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Thrift [401 (k)] Plan, dated  March 26, 2002 (incorporated by reference to Exhibit 10.39 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2002).  |
|   |   |                                                                                                                                                                                                                                                                               |
| #10.27 |   | Amendment No. 4 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Thrift [401(k)] Plan, dated May 10, 2002 (incorporated by reference to Exhibit 10.4 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 29, 2002).     |
|   |   |                                                                                                                                                                                                                                                                               |
| #10.28 |   | Amendment No. 5 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Thrift [401(k)] Plan, dated December 20, 2002 (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended December 29, 2002). |
|   |   |                                                                                                                                                                                                                                                                               |
| #10.29 |   | Amendment No. 6 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Thrift [401(k)] Plan, dated May 22, 2003 (incorporated by reference to Exhibit 10.46 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2003).                |
|   |   |                                                                                                                                                                                                                                                                               |
| #10.30 |   | Amendment No. 7 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Thrift [401(k)] Plan, dated April 14, 2004 (incorporated by reference to Exhibit 10.28 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2004).              |
|   |   |                                                                                                                                                                                                                                                                               |
| #10.31 |   | Amendment No. 8 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Thrift [401(k)] Plan, dated December 19, 2003 (incorporated by reference to Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended December 28, 2003). |
|   |   |                                                                                                                                                                                                                                                                               |
| #10.32 |   | Amendment No. 9 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Thrift [401(k)] Plan, dated March 16, 2004 (incorporated by reference to Exhibit 10.30 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2004).              |
|   |   |                                                                                                                                                                                                                                                                               |
| #10.33 |   | Amendment No. 10 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Thrift [401(k)] Plan, dated July 12, 2004 (incorporated by reference to Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended July 4, 2004).         |

----

| #10.34 |   | Amendment No. 11 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Thrift [401(k)] Plan, dated March 31, 2005 (incorporated by reference to Exhibit 10.33 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2005).                        |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                          |
| #10.35 |   | Amendment No. 12 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Thrift [401(k)] Plan, dated December 27, 2005 (incorporated by reference to Exhibit 10.34 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2006).                     |
|   |   |                                                                                                                                                                                                                                                                                          |
| #10.36 |   | Amendment No. 13 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Thrift [401(k)] Plan, dated December 21, 2006 (incorporated by reference to Exhibit 10.35 to the Company’s Annual Report on Form 10-K for the fiscal year ended March, 31, 2007).                    |
|   |   |                                                                                                                                                                                                                                                                                          |
| #10.37 |   | Amendment No. 14 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Thrift [401(k)] Plan, dated December 21, 2007 (incorporated by reference to Exhibit 10.36 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2008).                     |
|   |   |                                                                                                                                                                                                                                                                                          |
| #10.38 |   | Amendment No. 15 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Thrift [401(k)] Plan, dated January 29, 2009 (incorporated by reference to Exhibit 10.4 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended December 28, 2008).            |
|   |   |                                                                                                                                                                                                                                                                                          |
| #10.39 |   | Columbus McKinnon Corporation Thrift 401(k) Plan Trust Agreement Restatement Effective August 9, 1994 (incorporated by reference to Exhibit 10.32 to the Company’s Registration Statement No. 33-80687 on Form S-1 dated December 21, 1995).                                            |
|   |   |                                                                                                                                                                                                                                                                                          |
| #10.40 |   | Columbus McKinnon Corporation Monthly Retirement Benefit Plan Restatement Effective April 1, 1998 (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended December 27, 1998).                                          |
|   |   |                                                                                                                                                                                                                                                                                          |
| #10.41 |   | Amendment No. 1 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Monthly Retirement Benefit Plan, dated December 10, 1998 (incorporated by reference to Exhibit 10.32 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 1999).           |
|   |   |                                                                                                                                                                                                                                                                                          |
| #10.42 |   | Amendment No. 2 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Monthly Retirement Benefit Plan, dated May 26, 1999 (incorporated by reference to Exhibit 10.33 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 1999).                |
|   |   |                                                                                                                                                                                                                                                                                          |
| #10.43 |   | Amendment No. 3 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Monthly Retirement Benefit Plan, dated March 26, 2002 (incorporated by reference to Exhibit 10.44 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2002).              |
|   |   |                                                                                                                                                                                                                                                                                          |
| #10.44 |   | Amendment No. 4 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Monthly Retirement Benefit Plan, dated December 20, 2002 (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended December 29, 2002). |
|   |   |                                                                                                                                                                                                                                                                                          |
| #10.45 |   | Amendment No. 5 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Monthly Retirement Benefit Plan, dated February 28, 2004 (incorporated by reference to Exhibit 10.37 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2004).           |
|   |   |                                                                                                                                                                                                                                                                                          |
| #10.46 |   | Amendment No. 6 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Monthly Retirement Benefit Plan, dated March 17, 2005 (incorporated by reference to Exhibit 10.41 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2005).              |
|   |   |                                                                                                                                                                                                                                                                                          |
| #10.47 | 10.73  | Amendment No. 7 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Monthly Retirement Benefit Plan, dated December 28, 2005 (incorporated by reference to Exhibit 10.43 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2006).           |

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| #10.48 |   | Amendment No. 8 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Monthly Retirement Benefit Plan, dated December 28, 2005 (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended December 31, 2006).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| #10.49 |   | Amendment No. 9 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Monthly Retirement Benefit Plan, dated April 21, 2008 (incorporated by reference to Exhibit 10.47 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2008).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| #10.50 |   | Amendment No. 10 to the 1998 Plan Restatement of the Columbus McKinnon Corporation Monthly Retirement Benefit Plan, dated December 19, 2008 (incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended December 28, 2008).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| #10.51 |   | Columbus McKinnon Corporation Monthly Retirement Benefit Plan Trust Agreement Effective as of April 1, 1987 (incorporated by reference to Exhibit 10.34 to the Company’s Registration Statement No. 33-80687 on Form S-1 dated December 21, 1995).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| #10.52 |   | Employment agreement with Wolfgang Wegener dated December 31, 1996 (incorporated by reference to Exhibit 10.48 to the Company’s Annual Report on Form 10-K for the fiscal year ended March, 31, 2007).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.53  |   | Intercreditor Agreement dated as of July 22, 2003 among Columbus McKinnon Corporation, the subsidiary guarantors as listed thereon, Fleet Capital Corporation, as Credit Agent, and U.S. Bank Trust National Association, as Trustee (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 29, 2003).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.54  |   | Second Amended and Restated Credit and Security Agreement, dated as of November 21, 2002 and amended and restated as of January 2, 2004, among Columbus McKinnon Corporation, as Borrower, Larco Industrial Services Ltd., Columbus McKinnon Limited, the Guarantors Named Herein, the Lenders Party Hereto From Time to Time, Fleet Capital Corporation, as Administrative Agent, Fleet National Bank, as Issuing Lender, Congress Financial Corporation (Central), Syndication Agent, Merrill Lynch Capital, a Division of Merrill Lynch Business Financial Services Inc., as Documentation Agent, and Fleet Securities, Inc., as Arranger (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended December 28, 2003).                                                                                                                                                                                                                                                                                                                                                                                |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| #10.55 |   | Columbus McKinnon Corporation 2006 Long Term Incentive Plan (incorporated by reference to Appendix A to the definitive Proxy Statement for the Annual Meeting of Stockholders of Columbus McKinnon Corporation held on July 31, 2006).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| #10.56 |   | Amendment No. 1 to the Columbus McKinnon Corporation 2006 Long Term Incentive Plan, dated December 30, 2008 (incorporated by reference to Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended December 28, 2008).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| #10.57 |   | Columbus McKinnon Corporation Executive Management Variable Compensation Plan (incorporated by reference to Appendix B to the definitive Proxy Statement for the Annual Meeting of Stockholders of Columbus McKinnon Corporation held on July 31, 2006).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.58  |   | First Amendment to that certain Second Amended and Restated Credit and Security Agreement, dated as of November 21, 2002 and amended and restated as of January 2, 2004, among Columbus McKinnon Corporation, as Borrower, Larco Industrial Services Ltd., Columbus McKinnon Limited, the Guarantors From Time to Time Party Thereto, the Lenders From Time to Time Party Thereto, Bank of America, N.A. as Administrative Agent for such Lenders and as Issuing Lender dated April 29, 2005 (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K dated April 29, 2005).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.59  |   | Second amendment, dated as of August 5, 2005, to that certain Second Amended and Restated Credit and Security Agreement, dated as of November 21, 2002 and amended and restated as of January 2, 2004 (as amended by that certain First Amendment to that certain Second Amended and Restated Credit and Security Agreement, dated as of April 29, 2005, and as further modified and supplemented and in effect from time to time, the “Credit Agreement”), among Columbus McKinnon Corporation, a corporation organized under the laws of New York (the “Borrower”), Larco Industrial Services Ltd., a business corporation organized under the laws of the Province of Ontario, Columbus McKinnon Limited, a business corporation organized under the laws of Canada, the Guarantors from time to time party thereto, the Lenders from time to time party thereto (collectively, the “Lenders”), Bank of America, N.A., as Administrative Agent for such Lenders (the “Agent”) and as Issuing Lender (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q dated October 2, 2005). |

----

| 10.60   |   | Third amendment, dated as of August 22, 2005, to that certain Second Amended and Restated Credit and Security Agreement, dated as of November 21, 2002 and amended and restated as of January 2, 2004 (as amended by that certain First Amendment to that certain Second Amended and Restated Credit and Security Agreement, dated as of April 29, 2005, by that certain Second Amendment to that certain Second Amended and Restated Credit and Security Agreement, dated as of August 5, 2005, and as further modified and supplemented and in effect from time to time, the “Credit Agreement”), among Columbus McKinnon Corporation, a corporation organized under the laws of New York (the “Borrower”), Larco Industrial Services Ltd., a business corporation organized under the laws of the Province of Ontario, Columbus McKinnon Limited, a business corporation organized under the laws of Canada, the Guarantors from time to time party thereto, the Lenders from time to time party thereto (collectively, the “Lenders”), Bank of America, N.A., as Administrative Agent for such Lenders (the “Agent”) and as Issuing Lender (incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q dated October 2, 2005). |
|---------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.61   |   | Fourth amendment, dated as of October 17, 2005, to that certain Second Amended and Restated Credit and Security Agreement, dated as of November 21, 2002 and amended and restated as of January 2, 2004, and amended by that certain First Amendment to the Credit Agreement, dated as of April 29, 2005, and by that certain Second Amendment to the Credit Agreement, dated as of August 5, 2005, and by that certain Third Amendment to the Credit Agreement, dated as of August 22, 2005 (as further amended, supplemented or otherwise modified from time to time, the "Credit Agreement"), among Columbus McKinnon Corporation (the "Borrower"), Larco Industrial Services Ltd., Columbus McKinnon Limited, the Guarantors named therein, the lending institutions party thereto, and Bank of America, N.A., as Administrative Agent and Issuing Lender.  Capitalized terms used herein and not defined herein shall have the meanings ascribed thereto in the Credit Agreement (incorporated by reference to Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q dated October 2, 2005).                                                                                                                                                                                                |
|    |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.62   |   | Third Amended and Restated Credit and Security Agreement, dated as of March 16, 2006 among Columbus McKinnon Corporation, as the Borrower, Bank of America, N.A., as Administrative Agent and Issuing Lender, and Other Lenders Party Hereto, and Bank of America Securities LLC, as Arranger (incorporated by reference to Exhibit 10.53 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2007).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|    |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 10.63   |   | First amendment, dated as of January 8, 2007 to that certain Third Amended and Restated Credit and Security Agreement, dated as of March 16, 2006 among Columbus McKinnon Corporation, as the Borrower, Bank of America, N.A., as Administrative Agent and Issuing Lender, and Other Lenders Party Hereto, and Bank of America Securities LLC, as Arranger (incorporated by reference to Exhibit 10.59 to the Company’s Annual Report on Form 10-K for the fiscal year ended March, 31, 2007).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|    |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| *#10.64 |   | Form of Change in Control Agreement as entered into between Columbus McKinnon Corporation and each of Timothy T. Tevens, Karen L. Howard, Joseph J. Owen, Richard A. Steinberg, Timothy R. Harvey, Gene Buer, and Chuck Giesige.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|    |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| *#10.65 |   | Form of Omnibus Code Section 409A Compliance Policy as entered into between Columbus McKinnon Corporation and each of Timothy T. Tevens, Karen L. Howard, Joseph J. Owen, Richard A. Steinberg, Timothy R. Harvey, Gene Buer, and Chuck Giesige.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|    |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| *10.66  |   | Second amendment, dated as of May 19, 2009 to that certain Third Amended and Restated Credit Agreement, dated as of March 16, 2006 among Columbus McKinnon Corporation, the Guarantors named therein, the lending institutions party thereto, and Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|    |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| *21.1   |   | Subsidiaries of the Registrant.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|    |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| *23.1   |   | Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

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| *31.1  |   | Certification of the principal executive officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended.                                                                                                                                                                                                                                                                                                                                                                                                       |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| *31.2  |   | Certification of the principal financial officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended.                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| *32.1  |   | Certification of the principal executive officer and the principal financial officer pursuant to Rule 13a-14(b) of the Securities Exchange Act of 1934, as amended and 18 U.S.C. Section 1350, as adopted by pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.  The information contained in this exhibit shall not be deemed filed with the Securities and Exchange Commission nor incorporated by reference in any registration statement foiled by the Registrant under the Securities Act of 1933, as amended. |

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|   | * | Filed herewith |
|--------|---|----------------|

|   | # | Indicates a Management contract or compensation plan or arrangement |
|--------|---|---------------------------------------------------------------------|

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|   | COLUMBUS McKINNON CORPORATION |
|--------|-------------------------------|
|   |                          |   |
|   | By:                 | /s/ Timothy T. Tevens |
|   |                          |       Timothy T. Tevens |
|   |                          |       President and Chief Executive Officer |

| Signature                              |   | Title                                           |   | Date           |
|----------------------------------------|--------|-------------------------------------------------|--------|----------------|
|                                   |   |                                            |   |           |
| /s/   Timothy T. Tevens |   | President, Chief Executive Officer and Director |   | March 15, 2011 |
| Timothy T. Tevens                      |   | (Principal Executive Officer)                   |   |           |

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| Audited Consolidated Financial Statements as of March 31, 2010: |                                                                           |
|-----------------------------------------------------------------|--------------------------------------------------------------------------------|
|                                                            | Report of Ernst & Young LLP, Independent Registered Public Accounting Firm | F-2 |
|                                                            | Consolidated Balance Sheets                                                    | F-3 |
|                                                            | Consolidated Statements of Operations                                          | F-4 |
|                                                            | Consolidated Statements of Shareholders’ Equity                          | F-5 |
|                                                            | Consolidated Statements of Cash Flows                                          | F-6 |
|                                                            | Notes to Consolidated Financial Statements                                     |   |
|                                                            |                                                                           | 1. | Description of Business | F-7 |
|                                                            |                                                                           | 2. | Accounting Principles and Practices | F-7 |
|                                                            |                                                                           | 3. | Acquisitions | F-12 |
|                                                            |                                                                           | 4. | Divestitures | F-13 |
|                                                            |                                                                           | 5. | Fair Value Measurements | F-13 |
|                                                            |                                                                           | 6. | Inventories | F-16 |
|                                                            |                                                                           | 7. | Marketable Securities | F-16 |
|                                                            |                                                                           | 8. | Property, Plant, and Equipment | F-18 |
|                                                            |                                                                           | 9. | Goodwill and Intangible Assets | F-18 |
|                                                            |                                                                           | 10. | Accrued Liabilities and Other Non-current Liabilities | F-21 |
|                                                            |                                                                           | 11. | Debt | F-21 |
|                                                            |                                                                           | 12. | Pensions and Other Benefit Plans | F-23 |
|                                                            |                                                                           | 13. | Employee Stock Ownership Plan (ESOP) | F-28 |
|                                                            |                                                                           | 14. | Earnings per Share and Stock Plans | F-29 |
|                                                            |                                                                           | 15. | Loss Contingencies | F-34 |
|                                                            |                                                                           | 16. | Restructuring Charges | F-36 |
|                                                            |                                                                           | 17. | Income Taxes | F-37 |
|                                                            |                                                                           | 18. | Rental Expense and Lease Commitments | F-39 |
|                                                            |                                                                           | 19. | Summary Financial Information | F-40 |
|                                                            |                                                                           | 20. | Business Segment Information | F-44 |
|                                                            |                                                                           | 21. | Selected Quarterly Financial Data (unaudited) | F-45 |
|                                                            |                                                                           | 22. | Accumulated Other Comprehensive Loss | F-45 |
|                                                            |                                                                           | 23. | Effects of New Accounting Pronouncements | F-46 |
|                                                            |                                                                           |   |   |   |
|                                                            |                                                                           |   |   |   |
|                                                            |                                                                           | Schedule II – Valuation and Qualifying Accounts. | F-49 |

----

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|                                                                                                       |   | March 31,                    |    |
|------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|---------|
|                                                                                                       |   | 2010                              |    |   | 2009 |   |
|                                                                                                       |   | (In thousands, except share data) |    |
| ASSETS                                                                                                     |   |                              |    |   |   |   |
| Current assets:                                                                                            |   |                              |    |   |   |   |
| Cash and cash equivalents                                                                                  |   | $                                 | 63,968  |   |   | $ | 39,236 |   |
| Trade accounts receivable, less allowance for doubtful accounts ($4,240 and $5,338, respectively)          |   |                              | 70,218  |   |   |   | 80,168 |   |
| Inventories                                                                                                |   |                              | 79,822  |   |   |   | 100,621 |   |
| Prepaid expenses and other                                                                                 |   |                              | 16,014  |   |   |   | 18,115 |   |
| Total current assets                                                                                       |   |                              | 230,022 |   |   |   | 238,140 |   |
| Net property, plant, and equipment                                                                         |   |                              | 57,106  |   |   |   | 62,102 |   |
| Goodwill, net                                                                                              |   |                              | 105,134 |   |   |   | 104,744 |   |
| Other intangibles, net                                                                                     |   |                              | 19,031  |   |   |   | 20,336 |   |
| Marketable securities                                                                                      |   |                              | 29,399  |   |   |   | 28,828 |   |
| Deferred taxes on income                                                                                   |   |                              | 36,768  |   |   |   | 32,521 |   |
| Other assets                                                                                               |   |                              | 4,037   |   |   |   | 4,993 |   |
| Total assets                                                                                               |   | $                                 | 481,497 |   |   | $ | 491,664 |   |
|                                                                                                       |   |                              |    |   |   |   |   |   |
| LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                 |   |                              |    |   |   |   |   |   |
| Current liabilities:                                                                                       |   |                              |    |   |   |   |   |   |
| Notes payable to banks                                                                                     |   | $                                 | 841     |   |   | $ | 4,787 |   |
| Trade accounts payable                                                                                     |   |                              | 33,480  |   |   |   | 33,298 |   |
| Accrued liabilities                                                                                        |   |                              | 52,754  |   |   |   | 50,443 |   |
| Restructuring reserve                                                                                      |   |                              | 2,755   |   |   |   | 1,302 |   |
| Current portion of long-term debt                                                                          |   |                              | 1,155   |   |   |   | 1,171 |   |
| Total current liabilities                                                                                  |   |                              | 90,985  |   |   |   | 91,001 |   |
| Senior debt, less current portion                                                                          |   |                              | 5,966   |   |   |   | 7,073 |   |
| Subordinated debt                                                                                          |   |                              | 124,855 |   |   |   | 124,855 |   |
| Other non-current liabilities                                                                              |   |                              | 72,413  |   |   |   | 86,881 |   |
| Total liabilities                                                                                          |   |                              | 294,219 |   |   |   | 309,810 |   |
| Shareholders’ equity:                                                                                |   |                              |    |   |   |   |   |   |
| Voting common stock; 50,000,000 shares authorized; 19,122,266 and 19,046,930 shares issued and outstanding |   |                              | 191     |   |   |   | 190 |   |
| Additional paid-in capital                                                                                 |   |                              | 182,385 |   |   |   | 180,327 |   |
| Retained earnings                                                                                          |   |                              | 34,878  |   |   |   | 41,891 |   |
| ESOP debt guarantee; 115,766 and 144,458 shares                                                            |   |                              | (1,850  | ) |   |   | (2,309 | ) |
| Accumulated other comprehensive loss                                                                       |   |                              | (28,326 | ) |   |   | (38,245 | ) |
| Total shareholders’ equity                                                                           |   |                              | 187,278 |   |   |   | 181,854 |   |
| Total liabilities and shareholders’ equity                                                           |   | $                                 | 481,497 |   |   | $ | 491,664 |   |

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|                                                                         |   | Year Ended March 31,             |    |
|------------------------------------------------------------------------------|--------|---------------------------------------|---------|
|                                                                         |   | 2010                                  |    |   | 2009 |   |   | 2008 |   |
|                                                                         |   | (In thousands, except per share data) |    |
|                                                                         |   |                                  |    |   |   |   |   |   |   |
| Net sales                                                                    |   | $                                     | 476,183 |   |   | $ | 606,708 |   |   | $ | 593,786 |   |
| Cost of products sold                                                        |   |                                  | 360,244 |   |   |   | 433,007 |   |   |   | 408,211 |   |
| Gross profit                                                                 |   |                                  | 115,939 |   |   |   | 173,701 |   |   |   | 185,575 |   |
| Selling expenses                                                             |   |                                  | 64,464  |   |   |   | 72,620 |   |   |   | 69,836 |   |
| General and administrative expenses                                          |   |                                  | 36,892  |   |   |   | 37,721 |   |   |   | 34,048 |   |
| Restructuring charges                                                        |   |                                  | 16,519  |   |   |   | 1,921 |   |   |   | 836 |   |
| Impairment loss                                                              |   |                                  | -       |   |   |   | 107,000 |   |   |   | - |   |
| Amortization of intangibles                                                  |   |                                  | 1,876   |   |   |   | 998 |   |   |   | 115 |   |
| (Loss) income from operations                                                |   |                                  | (3,812  | ) |   |   | (46,559 | ) |   |   | 80,740 |   |
| Interest and debt expense                                                    |   |                                  | 13,225  |   |   |   | 13,148 |   |   |   | 13,562 |   |
| (Gain) loss on bond redemptions                                              |   |                                  | -       |   |   |   | (244 | ) |   |   | 1,794 |   |
| Investment (income) loss                                                     |   |                                  | (1,544  | ) |   |   | 2,889 |   |   |   | (1,165 | ) |
| Foreign currency exchange (gain) loss                                        |   |                                  | (344    | ) |   |   | 3,018 |   |   |   | 403 |   |
| Gain from litigation settlement                                              |   |                                  | -       |   |   |   | (3,330 | ) |   |   | - |   |
| Other income, net                                                            |   |                                  | (2,260  | ) |   |   | (3,939 | ) |   |   | (3,588 | ) |
| (Loss) income from continuing operations before income tax (benefit) expense |   |                                  | (12,889 | ) |   |   | (58,101 | ) |   |   |  69,734 |   |
| Income tax (benefit) expense                                                 |   |                                  | (5,345  | ) |   |   | 18,001 |   |   |   | 22,819 |   |
| (Loss) income from continuing operations                                     |   |                                  | (7,544  | ) |   |   | (76,102 | ) |   |   | 46,915 |   |
| Income (loss) from discontinued operations (net of tax)                      |   |                                  | 531     |   |   |   | (2,282 | ) |   |   | (9,566 | ) |
| Net (loss) income                                                            |   | $                                     | (7,013  | ) |   | $ | (78,384 | ) |   | $ | 37,349 |   |
|                                                                         |   |                                  |    |   |   |   |   |   |   |   |   |   |
|                                                                         |   |                                  |    |   |   |   |   |   |   |   |   |   |
| Average basic shares outstanding                                             |   |                                  | 18,963  |   |   |   | 18,861 |   |   |   | 18,723 |   |
| Average diluted shares outstanding                                           |   |                                  | 18,963  |   |   |   | 18,861 |   |   |   | 19,158 |   |
|                                                                         |   |                                  |    |   |   |   |   |   |   |   |   |   |
| Basic (loss) income per share:                                               |   |                                  |    |   |   |   |   |   |   |   |   |   |
| (Loss) income from continuing operations                                     |   | $                                     | (0.40   | ) |   | $ | (4.04 | ) |   | $ | 2.50 |   |
| Income (loss) from discontinued operations                                   |   |                                  | 0.03    |   |   |   | (0.12 | ) |   |   | (0.51 | ) |
| Basic (loss) income per share                                                |   | $                                     | (0.37   | ) |   | $ | (4.16 | ) |   | $ | 1.99 |   |
|                                                                         |   |                                  |    |   |   |   |   |   |   |   |   |   |
| Diluted (loss) income per share:                                             |   |                                  |    |   |   |   |   |   |   |   |   |   |
| (Loss) income from continuing operations                                     |   | $                                     | (0.40   | ) |   | $ | (4.04 | ) |   | $ | 2.45 |   |
| Income (loss) from discontinued operations                                   |   |                                  | 0.03    |   |   |   | (0.12 | ) |   |   | (0.50 | ) |
| Diluted (loss) income per share                                              |   | $                                     | (0.37   | ) |   | $ | (4.16 | ) |   | $ | 1.95 |   |

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|                                                                                           |   | Common Stock ($.01 par value) |    |   | Additional Paid-in Capital |   |    | Retained Earnings |   |   | ESOP Debt Guarantee |   |   | Accumulated Other Comprehensive Loss |    |   | Total Shareholders’ Equity |   |
|------------------------------------------------------------------------------------------------|--------|-------------------------------|---------|--------|----------------------------|--------|---------|-------------------|--------|--------|---------------------|--------|--------|--------------------------------------|---------|--------|----------------------------------|--------|
| Balance at April 1, 2007                                                                       |   | $                             | 188     |   |                       | $      | 174,654 |              |   | $      | 85,237              |   |   | $                                    | (3,417  | )      |                             | $      | (15,337 | ) |   | $ | 241,325 |   |
| Comprehensive income:                                                                          |   |                          |    |   |                       |   |    |              |   |   |                |   |   |                                 |    |   |                             |   |   |   |   |   |   |   |
| Net income 2008                                                                                |   |                          | — |   |                       |   | — |              |   |   | 37,349              |   |   |                                 | — |   |                             |   | — |   |   |   | 37,349 |   |
| Change in foreign currency translation adjustment                                              |   |                          | — |   |                       |   | — |              |   |   | —             |   |   |                                 | — |   |                             |   | 9,431 |   |   |   | 9,431 |   |
| Change in net unrealized gain on investments, net of tax benefit of $410                       |   |                          | — |   |                       |   | — |              |   |   | —             |   |   |                                 | — |   |                             |   | (762 | ) |   |   | (762 | ) |
| Change in pension liability and postretirement obligations, net of tax of $2,695          |   |                          | — |   |                       |   | — |              |   |   | —             |   |   |                                 | — |   |                             |   | 3,927 |   |   |   | 3,927 |   |
| Total comprehensive income                                                                     |   |                          |    |   |                       |   |    |              |   |   |                |   |   |                                 |    |   |                             |   |   |   |   |   | 49,945 |   |
| Adjustment to initially apply FIN 48                                                           |   |                          | — |   |                       |   | — |              |   |   | (186                | )      |   |                                 | — |   |                             |   | — |   |   |   | (186 | ) |
| Stock compensation - directors                                                                 |   |                          | — |   |                       |   | 196     |              |   |   | —             |   |   |                                 | — |   |                             |   | — |   |   |   | 196 |   |
| Stock options exercised, 144,425 shares                                                        |   |                          | 1       |   |                       |   | 1,415   |              |   |   | —             |   |   |                                 | — |   |                             |   | — |   |   |   | 1,416 |   |
| Stock compensation expense                                                                     |   |                          | — |   |                       |   | 1,266   |              |   |   | —             |   |   |                                 | — |   |                             |   | — |   |   |   | 1,266 |   |
| Tax benefit from exercise of stock  options                                          |   |                          | — |   |                       |   | 482     |              |   |   | —             |   |   |                                 | — |   |                             |   | — |   |   |   | 482 |   |
| Earned 37,021 ESOP shares                                                                      |   |                          | — |   |                       |   | 444     |              |   |   | —             |   |   |                                 | 593     |   |                             |   | — |   |   |   | 1,037 |   |
| Balance at March 31, 2008                                                                      |   | $                             | 189     |   |                       | $      | 178,457 |              |   | $      | 122,400             |   |   | $                                    | (2,824  | )      |                             | $      | (2,741 | ) |   | $ | 295,481 |   |
| Comprehensive loss:                                                                            |   |                          |    |   |                       |   |    |              |   |   |                |   |   |                                 |    |   |                             |   |   |   |   |   |   |   |
| Net loss 2009                                                                                  |   |                          | — |   |                       |   | — |              |   |   | (78,384             | )      |   |                                 | — |   |                             |   | — |   |   |   | (78,384 | ) |
| Change in foreign currency translation adjustment                                              |   |                          | — |   |                       |   | — |              |   |   | —             |   |   |                                 | — |   |                             |   | (16,474 | ) |   |   | (16,474 | ) |
| Change in net unrealized gain on investments, net of tax of $228                               |   |                          | — |   |                       |   | — |              |   |   | —             |   |   |                                 | — |   |                             |   | 423 |   |   |   | 423 |   |
| Change in pension liability and postretirement obligations, net of tax benefit of $12,565 |   |                          | — |   |                       |   | — |              |   |   | —             |   |   |                                 | — |   |                             |   | (19,453 | ) |   |   | (19,453 | ) |
| Total comprehensive loss                                                                       |   |                          |    |   |                       |   |    |              |   |   |                |   |   |                                 |    |   |                             |   |   |   |   |   | (113,888 | ) |
| ASC 715 measurement date adjustment, net of tax benefit of $545                                |   |                          | — |   |                       |   | — |              |   |   | (877                | )      |   |                                 | — |   |                             |   | — |   |   |   | (877 | ) |
| Adjustment to initially apply EITF 06-10                                                       |   |                          | — |   |                       |   | — |              |   |   | (1,248              | )      |   |                                 | — |   |                             |   | — |   |   |   | (1,248 | ) |
| Stock compensation - directors                                                                 |   |                          | — |   |                       |   | 260     |              |   |   | —             |   |   |                                 | — |   |                             |   | — |   |   |   | 260 |   |
| Stock options exercised, 46,375 shares                                                         |   |                          | 1       |   |                       |   | 420     |              |   |   | —             |   |   |                                 | — |   |                             |   | — |   |   |   | 421 |   |
| Stock compensation expense                                                                     |   |                          | — |   |                       |   | 799     |              |   |   | —             |   |   |                                 | — |   |                             |   | — |   |   |   | 799 |   |
| Tax benefit from exercise of stock  options                                          |   |                          | — |   |                       |   | 274     |              |   |   | —             |   |   |                                 | — |   |                             |   | — |   |   |   | 274 |   |
| Earned 32,188 ESOP shares                                                                      |   |                          | — |   |                       |   | 117     |              |   |   | —             |   |   |                                 | 515     |   |                             |   | — |   |   |   | 632 |   |
| Balance at March 31, 2009                                                                      |   | $                             | 190     |   |                       | $      | 180,327 |              |   | $      | 41,891              |   |   | $                                    | (2,309  | )      |                             | $      | (38,245 | ) |   | $ | 181,854 |   |
| Comprehensive income:                                                                          |   |                          |    |   |                       |   |    |              |   |   |                |   |   |                                 |    |   |                             |   |   |   |   |   |   |   |
| Net loss 2010                                                                                  |   |                          | — |   |                       |   | — |              |   |   | (7,013              | )      |   |                                 | — |   |                             |   | — |   |   |   | (7,013 | ) |
| Change in foreign currency translation adjustment                                              |   |                          | — |   |                       |   | — |              |   |   | —             |   |   |                                 | — |   |                             |   | 4,789 |   |   |   | 4,789 |   |
| Change in net unrealized gain on investments, net of tax of $1,090                             |   |                          | — |   |                       |   | — |              |   |   | —             |   |   |                                 | — |   |                             |   | 2,025 |   |   |   | 2,025 |   |
| Change in derivatives qualifying as hedges                                                     |   |                          |    |   |                       |   |    |              |   |   |                |   |   |                                 |    |   |                             |   | (58 | ) |   |   | (58 | ) |
| Change in pension liability and postretirement obligations, net of tax of $3,773               |   |                          | — |   |                       |   | — |              |   |   | —             |   |   |                                 | — |   |                             |   | 3,163 |   |   |   | 3,163 |   |
| Total comprehensive income                                                                     |   |                          |    |   |                       |   |    |              |   |   |                |   |   |                                 |    |   |                             |   |   |   |   |   | 2,906 |   |
| Stock compensation - directors                                                                 |   |                          | — |   |                       |   | 280     |              |   |   | —             |   |   |                                 | — |   |                             |   | — |   |   |   | 280 |   |
| Stock options exercised, 45,500 shares                                                         |   |                          | 1       |   |                       |   | 291     |              |   |   | —             |   |   |                                 | — |   |                             |   | — |   |   |   | 292 |   |
| Stock compensation expense                                                                     |   |                          | — |   |                       |   | 1,544   |              |   |   | —             |   |   |                                 | — |   |                             |   | — |   |   |   | 1,544 |   |
| Tax effect of exercise of stock  options                                             |   |                          | — |   |                       |   | (5      | )                 |   |   | —             |   |   |                                 | — |   |                             |   | — |   |   |   | (5 | ) |
| Earned 28,693 ESOP shares                                                                      |   |                          | — |   |                       |   | (52     | )                 |   |   | —             |   |   |                                 | 459     |   |                             |   | — |   |   |   | 407 |   |
| Balance at March 31, 2010                                                                      |   | $                             | 191     |   |                       | $      | 182,385 |              |   | $      | 34,878              |   |   | $                                    | (1,850  | )      |                             | $      | (28,326 | ) |   | $ | 187,278 |   |

----

|                                                                                     |   | Year ended March 31, |    |
|------------------------------------------------------------------------------------------|--------|---------------------------|---------|
|                                                                                     |   | 2010                      |    |   | 2009 |   |   | 2008 |   |
| Operating activities:                                                                    |   | (In thousands)            |    |
| Net (loss) income                                                                        |   | $                         | (7,013  | ) |   | $ | (78,384 | ) |   | $ | 37,349 |   |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: |   |                      |    |   |   |   |   |   |   |   |   |   |
| (Income) loss from discontinued operations                                               |   |                      | (531    | ) |   |   | 2,282 |   |   |   | 9,566 |   |
| Depreciation and amortization                                                            |   |                      | 12,490  |   |   |   | 10,590 |   |   |   | 8,325 |   |
| Deferred income taxes                                                                    |   |                      | (8,675  | ) |   |   | (1,700 | ) |   |   | 14,737 |   |
| (Gain) loss on sale of real estate/investments and other                                 |   |                      | (2,515  | ) |   |   | 2,594 |   |   |   | (596 | ) |
| (Gain) loss on early retirement of bonds                                                 |   |                      | — |   |   |   | (300 | ) |   |   | 1,378 |   |
| Amortization/write-off of deferred financing costs                                       |   |                      | 640     |   |   |   | 575 |   |   |   | 982 |   |
| Stock-based compensation                                                                 |   |                      | 1,824   |   |   |   | 1,059 |   |   |   | 1,462 |   |
| Impairment loss                                                                          |   |                      | — |   |   |   | 107,000 |   |   |   | — |   |
| Non-cash restructuring charges                                                           |   |                      | 1,835   |   |   |   | — |   |   |   | — |   |
| Changes in operating assets and liabilities net of effects of business divestitures:     |   |                      |    |   |   |   |   |   |   |   |   |   |
| Trade accounts receivable                                                                |   |                      | 10,508  |   |   |   | 24,396 |   |   |   | (3,292 | ) |
| Inventories                                                                              |   |                      | 21,477  |   |   |   | 1,658 |   |   |   | (9,144 | ) |
| Prepaid expenses and other                                                               |   |                      | 941     |   |   |   | 2,955 |   |   |   | 612 |   |
| Other assets                                                                             |   |                      | 1,228   |   |   |   | 1,960 |   |   |   | (1,176 | ) |
| Trade accounts payable                                                                   |   |                      | 288     |   |   |   | (7,207 | ) |   |   | 7,801 |   |
| Accrued and non-current liabilities                                                      |   |                      | (2,630  | ) |   |   | (4,451 | ) |   |   | (7,231 | ) |
| Net cash provided by operating activities from continuing operations                     |   |                      | 29,867  |   |   |   | 63,027 |   |   |   | 60,773 |   |
| Net cash used by operating activities from discontinued operations                       |   |                      | — |   |   |   | (2,796 | ) |   |   | (1,183 | ) |
| Net cash provided by operating activities                                                |   |                      | 29,867  |   |   |   | 60,231 |   |   |   | 59,590 |   |
| Investing activities:                                                                    |   |                      |    |   |   |   |   |   |   |   |   |   |
| Proceeds from sale of marketable securities                                              |   |                      | 6,340   |   |   |   | 363 |   |   |   | 13,076 |   |
| Purchases of marketable securities                                                       |   |                      | (4,518  | ) |   |   | (2,968 | ) |   |   | (14,638 | ) |
| Capital expenditures                                                                     |   |                      | (7,245  | ) |   |   | (12,245 | ) |   |   | (12,479 | ) |
| Proceeds from sale of assets                                                             |   |                      | 3,542   |   |   |   | 1,593 |   |   |   | 5,504 |   |
| Purchases of businesses                                                                  |   |                      | — |   |   |   | (52,779 | ) |   |   | — |   |
| Net cash used by investing activities from continuing operations                         |   |                      | (1,881  | ) |   |   | (66,036 | ) |   |   | (8,537 | ) |
| Net cash provided (used) by investing activities from discontinued operations            |   |                      | 531     |   |   |   | 531 |   |   |   | (30 | ) |
| Net cash used by investing activities                                                    |   |                      | (1,350  | ) |   |   | (65,505 | ) |   |   | (8,567 | ) |
| Financing activities:                                                                    |   |                      |    |   |   |   |   |   |   |   |   |   |
| Proceeds from exercise of stock options                                                  |   |                      | 291     |   |   |   | 421 |   |   |   | 1,416 |   |
| Payments under revolving line-of-credit agreements                                       |   |                      | (8,502  | ) |   |   | (10,623 | ) |   |   | (831 | ) |
| Borrowings under revolving line-of-credit agreements                                     |   |                      | 4,556   |   |   |   | 8,485 |   |   |   | 18 |   |
| Repayment of debt                                                                        |   |                      | (964    | ) |   |   | (6,987 | ) |   |   | (29,855 | ) |
| Payment of deferred financing costs                                                      |   |                      | (1,258  | ) |   |   | — |   |   |   | (2 | ) |
| Tax benefit from exercise of stock options                                               |   |                      | — |   |   |   | 274 |   |   |   | 482 |   |
| Change in ESOP debt guarantee                                                            |   |                      | 459     |   |   |   | 515 |   |   |   | 593 |   |
| Net cash used by financing activities from continuing operations                         |   |                      | (5,418  | ) |   |   | (7,915 | ) |   |   | (28,179 | ) |
| Net cash used by financing activities from discontinued operations                       |   |                      | — |   |   |   | (14,612 | ) |   |   | (383 | ) |
| Net cash used by financing activities                                                    |   |                      | (5,418  | ) |   |   | (22,527 | ) |   |   | (28,562 | ) |
| Effect of exchange rate changes on cash                                                  |   |                      | 1,633   |   |   |   | (8,957 | ) |   |   | 4,878 |   |
| Net change in cash and cash equivalents                                                  |   |                      | 24,732  |   |   |   | (36,758 | ) |   |   | 27,339 |   |
| Cash and cash equivalents at beginning of year                                           |   |                      | 39,236  |   |   |   | 75,994 |   |   |   | 48,655 |   |
| Cash and cash equivalents at end of year                                                 |   | $                         | 63,968  |   |   | $ | 39,236 |   |   | $ | 75,994 |   |
| Supplementary cash flows data:                                                           |   |                      |    |   |   |   |   |   |   |   |   |   |
| Interest paid                                                                            |   | $                         | 12,451  |   |   | $ | 12,815 |   |   | $ | 14,079 |   |
| Income taxes paid, net of refunds                                                        |   | $                         | 3,954   |   |   | $ | 9,673 |   |   | $ | 9,568 |   |

----

----

| Derivatives Designated as Cash Flow  Hedges |   | Amount of Loss Recognized in Other Comprehensive Income on Derivatives (Effective Portion) |   | Location of Loss Recognized in Income on Derivatives |                  | Amount of Loss Reclassified from AOCL into Income (Effective Portion) |   |
|-------------------------------------------------------|--------|--------------------------------------------------------------------------------------------|--------|------------------------------------------------------|-----------------------|-----------------------------------------------------------------------|--------|
| Foreign exchange contracts                            |   | $                                                                                          | 94     |                                                 | Cost of products sold |                                                                  |   | - |   |

| Derivatives Not Designated as Hedging Instruments |   | Location of (Gain) or Loss Recognized in Income on Derivatives |   | Amount of (Gain) or Loss Recognized in Income on Derivatives |   |
|---------------------------------------------------|--------|----------------------------------------------------------------|--------|--------------------------------------------------------------|--------|
| Foreign exchange contracts                        |   | Foreign currency exchange (gain) loss                          |   | $                                                            | (174   | ) |

| Derivatives Designated as Hedging Instruments |   | Balance Sheet Location |   | Fair Value of Liability |   |
|-----------------------------------------------|--------|------------------------|--------|-------------------------|--------|
| Foreign exchange contracts                    |   | Accrued Liabilities    |   | $                       | 114    |   |

| Derivatives Not Designated as Hedging Instruments |   | Balance Sheet Location |   | Fair Value of Liability |   |
|---------------------------------------------------|--------|------------------------|--------|-------------------------|--------|
| Foreign exchange contracts                        |   | Accrued Liabilities    |   | $                       | 834    |   |

----

----

----

----

|                          |   | March 31, |   |
|-------------------------------|--------|----------------|--------|
|                          |   | 2010           |   |   | 2009 |   |
| Balance at beginning of year  |   | $              | 1,282  |   |   | $ | 1,403 |   |
| Accrual for warranties issued |   |           | 1,946  |   |   |   | 3,761 |   |
| Warranties settled            |   |           | (2,302 | ) |   |   | (3,882 | ) |
| Balance at end of year        |   | $              | 926    |   |   | $ | 1,282 |   |

| 3. | Acquisitions |
|----|--------------|

| Working capital                  |   | $      | 13,340  |   |
|----------------------------------|--------|--------|---------|--------|
| Property, plant and equipment    |   |   | 8,321   |   |
| Other long term liabilities, net |   |   | (18,650 | )      |
| Identifiable intangible assets   |   |   | 21,999  |   |
| Goodwill                         |   |   | 27,769  |   |
| Total                            |   | $      | 52,779  |   |

----

|                                                   |   | Year Ended March 31, |   |
|--------------------------------------------------------|--------|---------------------------|--------|
|                                                   |   | 2010                      |   |   | 2009 |   |   | 2008 |   |
|                                                   |   | (In thousands)            |   |
| Net revenue                                            |   | $                         | -      |   |   | $ | 8,982 |   |   | $ | 29,548 |   |
| Gain (loss) before income taxes                        |   |                      | 857    |   |   |   | (798 | ) |   |   | (9,346 | ) |
| Income tax expense                                     |   |                      | 326    |   |   |   | 326 |   |   |   | 220 |   |
| Gain (loss) from operations of discontinued businesses |   |                      | 531    |   |   |   | (1,124 | ) |   |   | (9,566 | ) |
| Loss on sale of discontinued operation                 |   |                      | -      |   |   |   | (15,926 | ) |   |   | - |   |
| Tax benefit from sale of discontinued operation        |   |                      | -      |   |   |   | 14,768 |   |   |   | - |   |
| Gain (loss) from discontinued operations               |   | $                         | 531    |   |   | $ | (2,282 | ) |   | $ | (9,566 | ) |

----

|                           |   |                   |   |   | Fair value measurements at reporting date using               |   |
|--------------------------------|--------|------------------------|--------|--------|---------------------------------------------------------------|--------|
| Description                    |   | At March 31, 2010 |   |   | Quoted prices in active markets for identical assets(Level 1) |   |   | Significant other observable inputs(Level 2) |   |   | Significant unobservable inputs(Level 3) |   |
| Assets/(Liabilities):          |   |                   |   |   |                                                          |   |   |   |   |   |   |   |
| Marketable securities          |   | $                      | 29,399 |   |                                                          | $      | 29,399 |   |   | $ | - |   |   | $ | - |   |
| Accrued severance costs        |   |                   | (2,755 | )      |                                                          |   | - |   |   |   | - |   |   |   | (2,755 | ) |
| Property, plant, and equipment |   |                   | 775    |   |                                                          |   | - |   |   |   | - |   |   |   | 775 |   |
| Derivative liabilities         |   |                   | (948   | )      |                                                          |   | - |   |   |   | (948 | ) |   |   | - |   |

----

----

|                          |   | March 31, |    |
|-------------------------------|--------|----------------|---------|
|                          |   | 2010           |    |   | 2009 |   |
| At cost—FIFO basis:     |   |           |    |   |   |   |
| Raw materials                 |   | $              | 42,340  |   |   | $ | 49,697 |   |
| Work-in-process               |   |           | 10,774  |   |   |   | 12,497 |   |
| Finished goods                |   |           | 44,585  |   |   |   | 59,896 |   |
|                          |   |           | 97,699  |   |   |   | 122,090 |   |
| LIFO cost less than FIFO cost |   |           | (17,877 | ) |   |   | (21,469 | ) |
| Net inventories               |   | $              | 79,822  |   |   | $ | 100,621 |   |

----

|              |   | Cost |   |   | Gross Unrealized Gains |   |   | Gross Unrealized Losses |   |   | Estimated Fair Value |   |
|-------------------|--------|------|--------|--------|------------------------|--------|--------|-------------------------|--------|--------|----------------------|--------|
| Equity securities |   | $    | 26,771 |   |                   | $      | 2,667  |                    |   | $      | 39                   |   |   | $ | 29,399 |   |

|                                                             |   | Aggregate Fair Value |   |   | Unrealized Losses |   |
|------------------------------------------------------------------|--------|----------------------|--------|--------|-------------------|--------|
| Securities in a continuous loss position for less than 12 months |   | $                    | 2,295  |   |              | $      | 30 |   |
| Securities in a continuous loss position for more than 12 months |   |                 | 454    |   |              |   | 9 |   |
|                                                             |   | $                    | 2,749  |   |              | $      | 39 |   |

|              |   | Cost |   |   | Gross Unrealized Gains |   |   | Gross Unrealized Losses |   |   | Estimated Fair Value |   |
|-------------------|--------|------|--------|--------|------------------------|--------|--------|-------------------------|--------|--------|----------------------|--------|
| Equity securities |   | $    | 29,315 |   |                   | $      | 394    |                    |   | $      | 881                  |   |   | $ | 28,828 |   |

|                                                             |   | Aggregate Fair Value |   |   | Unrealized Losses |   |
|------------------------------------------------------------------|--------|----------------------|--------|--------|-------------------|--------|
| Securities in a continuous loss position for less than 12 months |   | $                    | 2,318  |   |              | $      | 107 |   |
| Securities in a continuous loss position for more than 12 months |   |                 | 15,982 |   |              |   | 774 |   |
|                                                             |   | $                    | 18,300 |   |              | $      | 881 |   |

----

|                                             |   | March 31, |    |
|--------------------------------------------------|--------|----------------|---------|
|                                             |   | 2010           |    |   | 2009 |   |
| Land and land improvements                       |   | $              | 4,804   |   |   | $ | 4,172 |   |
| Buildings                                        |   |           | 28,621  |   |   |   | 25,169 |   |
| Machinery, equipment, and leasehold improvements |   |           | 121,447 |   |   |   | 120,293 |   |
| Construction in progress                         |   |           | 2,335   |   |   |   | 4,825 |   |
|                                             |   |           | 157,207 |   |   |   | 154,459 |   |
| Less accumulated depreciation                    |   |           | 100,101 |   |   |   | 92,357 |   |
| Net property, plant, and equipment               |   | $              | 57,106  |   |   | $ | 62,102 |   |

|   | 9. | Goodwill and Intangible Assets |
|--------|----|--------------------------------|

----

----

| Balance at March 31, 2008 |   | $      | 187,055  |   |
|---------------------------|--------|--------|----------|--------|
| Acquisitions              |   |   | 27,769   |   |
| Impairment                |   |   | (107,000 | )      |
| Currency translation      |   |   | (3,080   | )      |
| Balance at March 31, 2009 |   | $      | 104,744  |   |
| Currency translation      |   |   | 390      |   |
| Balance at March 31, 2010 |   | $      | 105,134  |   |

|                      |   | Gross Carrying Amount |   |   | Accumulated Amortization |   |   | Net    |   |
|---------------------------|--------|----------------------------|--------|--------|--------------------------|--------|--------|--------|--------|
| Trademark                 |   | $                          | 5,856  |   |                     | $      | 481    |   |   | $ | 5,375 |   |
| Customer relationships    |   |                       | 14,487 |   |                     |   | 1,996  |   |   |   | 12,491 |   |
| Other                     |   |                       | 1,358  |   |                     |   | 193    |   |   |   | 1,165 |   |
| Balance at March 31, 2010 |   | $                          | 21,701 |   |                     | $      | 2,670  |   |   | $ | 19,031 |   |

|                      |   | Gross Carrying Amount |   |   | Accumulated Amortization |   |   | Net    |   |
|---------------------------|--------|-----------------------|--------|--------|--------------------------|--------|--------|--------|--------|
| Trademark                 |   | $                     | 5,743  |   |                     | $      | 157    |   |   | $ | 5,586 |   |
| Customer relationships    |   |                  | 14,208 |   |                     |   | 652    |   |   |   | 13,556 |   |
| Other                     |   |                  | 1,342  |   |                     |   | 148    |   |   |   | 1,194 |   |
| Balance at March 31, 2009 |   | $                     | 21,293 |   |                     | $      | 957    |   |   | $ | 20,336 |   |

----

|                                        |   | March 31, |   |
|---------------------------------------------|--------|----------------|--------|
|                                        |   | 2010           |   |   | 2009 |   |
| Accrued payroll                             |   | $              | 17,534 |   |   | $ | 14,568 |   |
| Interest payable                            |   |           | 4,902  |   |   |   | 4,790 |   |
| Accrued workers compensation                |   |           | 2,301  |   |   |   | 2,525 |   |
| Accrued income taxes payable                |   |           | 2,401  |   |   |   | 4,048 |   |
| Accrued postretirement benefit obligation   |   |           | 1,169  |   |   |   | 1,159 |   |
| Accrued health insurance                    |   |           | 3,665  |   |   |   | 3,177 |   |
| Accrued general and product liability costs |   |           | 4,081  |   |   |   | 4,010 |   |
| Other accrued liabilities                   |   |           | 16,701 |   |   |   | 16,166 |   |
|                                        |   | $              | 52,754 |   |   | $ | 50,443 |   |

|                                          |   | March 31, |   |
|-----------------------------------------------|--------|----------------|--------|
|                                          |   | 2010           |   |   | 2009 |   |
| Accumulated postretirement benefit obligation |   | $              | 7,909  |   |   | $ | 7,360 |   |
| Accrued general and product liability costs   |   |           | 18,973 |   |   |   | 19,232 |   |
| Accrued pension cost                          |   |           | 36,179 |   |   |   | 49,052 |   |
| Accrued workers compensation                  |   |           | 1,764  |   |   |   | 2,272 |   |
| Deferred income tax                           |   |           | 5,644  |   |   |   | 6,504 |   |
| Other non-current liabilities                 |   |           | 1,944  |   |   |   | 2,461 |   |
|                                          |   | $              | 72,413 |   |   | $ | 86,881 |   |

|                                                                                                    |   | March 31, |          |
|---------------------------------------------------------------------------------------------------------|--------|----------------|---------------|
|                                                                                                    |   | 2010           |          |   | 2009 |   |
| Revolving Credit Facility due May 1, 2013                                                               |   | $              | -             |   |   | $ | - |   |
| Capital lease obligations                                                                               |   |           | 6,974         |   |   |   | 8,020 |   |
| Other senior debt                                                                                       |   |           | 147           |   |   |   | 224 |   |
| Total senior debt                                                                                       |   |           | 7,121         |   |   |   | 8,244 |   |
| 8 7/8% Senior Subordinated Notes due November 1, 2013 with interest payable in semi-annual installments |   |           |  124,855 |   |   |   |  124,855 |   |
| Total                                                                                                   |   |           | 131,976       |   |   |   | 133,099 |   |
| Less current portion                                                                                    |   |           | 1,155         |   |   |   | 1,171 |   |
|                                                                                                    |   | $              | 130,821       |   |   | $ | 131,928 |   |

----

|       |   |   |    |
|------------|--------|--------|---------|
| 2011       |   |   | 1,155   |   |
| 2012       |   |   | 1,176   |   |
| 2013       |   |   | 1,088   |   |
| 2014       |   |   | 125,868 |   |
| 2015       |   |   | 1,333   |   |
| Thereafter |   |   | 1,356   |   |

----

----

|                                                                  |   | March 31, |    |
|-----------------------------------------------------------------------|--------|----------------|---------|
|                                                                  |   | 2010           |    |   | 2009 |   |
| Change in benefit obligation:                                         |   |           |    |   |   |   |
| Benefit obligation at beginning of year                               |   | $              | 140,085 |   |   | $ | 140,873 |   |
| ASC Topic 715 measurement date adjustment                             |   |           | -       |   |   |   | (520 | ) |
| Acquisitions                                                          |   |           | -       |   |   |   | 4,685 |   |
| Service cost                                                          |   |           | 3,687   |   |   |   | 4,381 |   |
| Interest cost                                                         |   |           | 9,950   |   |   |   | 8,969 |   |
| Actuarial loss (gain)                                                 |   |           | 22,688  |   |   |   | (11,139 | ) |
| Benefits paid                                                         |   |           | (8,168  | ) |   |   | (6,245 | ) |
| Foreign exchange rate changes                                         |   |           | 676     |   |   |   | (919 | ) |
| Benefit obligation at end of year                                     |   | $              | 168,918 |   |   | $ | 140,085 |   |
|                                                                  |   |           |    |   |   |   |   |   |
| Change in plan assets:                                                |   |           |    |   |   |   |   |   |
| Fair value of plan assets at beginning of year                        |   | $              | 91,144  |   |   | $ | 125,540 |   |
| ASC Topic 715 measurement date adjustment                             |   |           | -       |   |   |   | (1,705 | ) |
| Actual gain (loss) on plan assets                                     |   |           | 30,549  |   |   |   | (34,933 | ) |
| Employer contribution                                                 |   |           | 18,026  |   |   |   | 9,311 |   |
| Benefits paid                                                         |   |           | (8,168  | ) |   |   | (6,245 | ) |
| Settlements                                                           |   |           | -       |   |   |   | (244 | ) |
| Foreign exchange rate changes                                         |   |           | 585     |   |   |   | (580 | ) |
| Fair value of plan assets at end of year                              |   | $              | 132,136 |   |   | $ | 91,144 |   |
|                                                                  |   |           |    |   |   |   |   |   |
| Funded status                                                         |   | $              | (36,782 | ) |   | $ | (48,941 | ) |
| Unrecognized actuarial loss                                           |   |           | 47,739  |   |   |   | 54,334 |   |
| Unrecognized prior service cost                                       |   |           | 1,251   |   |   |   | 1,956 |   |
| Net amount recognized                                                 |   | $              | 12,208  |   |   | $ | 7,349 |   |
|                                                                  |   |           |    |   |   |   |   |   |
| Amounts recognized in the consolidated balance sheets are as follows: |   |
|                                                                  |   | March 31, |    |
|                                                                  |   | 2010           |    |   | 2009 |   |
| Other assets – non current                                      |   | $              | -       |   |   | $ | 707 |   |
| Accrued liabilities                                                   |   |           | (603    | ) |   |   | (596 | ) |
| Other non-current liabilities                                         |   |           | (36,179 | ) |   |   | (49,052 | ) |
| Deferred tax effect of accumulated other comprehensive loss           |   |           | 18,546  |   |   |   | 22,488 |   |
| Accumulated other comprehensive loss                                  |   |           | 30,444  |   |   |   | 33,802 |   |
| Net amount recognized                                                 |   | $              | 12,208  |   |   | $ | 7,349 |   |

----

|                                                  |   | Year Ended March 31, |   |
|-------------------------------------------------------|--------|---------------------------|--------|
|                                                  |   | 2010                      |   |   | 2009 |   |   | 2008 |   |
| Service costs—benefits earned during the period |   | $                         | 3,687  |   |   | $ | 4,381 |   |   | $ | 4,386 |   |
| Interest cost on projected benefit obligation         |   |                      | 9,950  |   |   |   | 8,969 |   |   |   | 8,277 |   |
| Expected return on plan assets                        |   |                      | (7,479 | ) |   |   | (9,234 | ) |   |   | (8,198 | ) |
| Net amortization                                      |   |                      | 4,210  |   |   |   | 1,319 |   |   |   | 2,014 |   |
| Curtailment/settlement loss                           |   |                      | 2,417  |   |   |   | 457 |   |   |   | 80 |   |
| Net periodic pension cost                             |   | $                         | 12,785 |   |   | $ | 5,892 |   |   | $ | 6,559 |   |

|                         |   | March 31, |
|------------------------------|--------|----------------|
|                         |   | 2010           |   |   | 2009 |
| Projected benefit obligation |   | $              | 168,918 |   |   | $ | 135,021 |   |
| Fair value of plan assets    |   |           | 132,136 |   |   |   | 85,374 |   |

|                           |   | March 31, |
|--------------------------------|--------|----------------|
|                           |   | 2010           |   |   | 2009 |
| Accumulated benefit obligation |   | $              | 162,212 |   |   | $ | 127,890 |   |
| Fair value of plan assets      |   |           | 132,136 |   |   |   | 85,374 |   |

|                                             |   | March 31, |   |
|--------------------------------------------------|--------|----------------|--------|
|                                             |   | 2010           |   |   | 2009 |   |   | 2008 |   |
| Discount rate                                    |   |           | 6.00   | % |   |   | 7.25 | % |   |   | 6.50 | % |
| Expected long-term rate of return on plan assets |   |           | 7.50   |   |   |   | 7.50 |   |   |   | 7.50 |   |
| Rate of compensation increase                    |   |           | 2.00   |   |   |   | 2.00 |   |   |   | 3.00 |   |

|              |   | March 31, |   |
|-------------------|--------|----------------|--------|
|              |   | Target         |   |   | Actual |   |
|              |   | 2011           |   |   | 2010 |   |   | 2009 |   |
| Equity securities |   |           | 70     | % |   |   | 60 | % |   |   | 56 | % |
| Fixed income      |   |           | 30     |   |   |   | 40 |   |   |   | 44 |   |
| Total plan assets |   |           | 100    | % |   |   | 100 | % |   |   | 100 | % |

----

| 2011      |   | $      | 8,940  |   |
|-----------|--------|--------|--------|--------|
| 2012      |   |   | 9,070  |   |
| 2013      |   |   | 9,600  |   |
| 2014      |   |   | 10,040 |   |
| 2015      |   |   | 10,520 |   |
| 2016-2020 |   |   | 60,650 |   |

|                                      |   | March 31, |   |
|-------------------------------------------|--------|----------------|--------|
|                                      |   | 2010           |   |   | 2009 |   |
| Change in benefit obligation:             |   |           |   |   |   |   |
| Benefit obligation at beginning of year   |   | $              | 8,520  |   |   | $ | 10,694 |   |
| ASC Topic 715 measurement date adjustment |   |           | -      |   |   |   | 238 |   |
| Service cost                              |   |           | -      |   |   |   | 1 |   |
| Interest cost                             |   |           | 586    |   |   |   | 587 |   |
| Actuarial (gain) loss                     |   |           | 738    |   |   |   | (1,661 | ) |
| Benefits paid                             |   |           | (766   | ) |   |   | (1,339 | ) |
| Benefit obligation at end of year         |   | $              | 9,078  |   |   | $ | 8,520 |   |
|                                      |   |           |   |   |   |   |   |   |
| Funded status                             |   | $              | (9,078 | ) |   | $ | (8,520 | ) |
| Unrecognized actuarial loss               |   |           | 4,161  |   |   |   | 3,736 |   |
| Net amount recognized                     |   | $              | (4,917 | ) |   | $ | (4,784 | ) |

----

|                                                        |   | March 31, |   |
|-------------------------------------------------------------|--------|----------------|--------|
|                                                        |   | 2010           |   |   | 2009 |   |
| Accrued liabilities                                         |   | $              | (1,169 | ) |   | $ | (1,159 | ) |
| Other non-current liabilities                               |   |           | (7,909 | ) |   |   | (7,360 | ) |
| Deferred tax effect of accumulated other comprehensive loss |   |           | 1,664  |   |   |   | 1,494 |   |
| Accumulated other comprehensive loss                        |   |           | 2,497  |   |   |   | 2,241 |   |
| Net amount recognized                                       |   | $              | (4,917 | ) |   | $ | (4,784 | ) |

|                                                                |   | Year Ended March 31, |   |
|---------------------------------------------------------------------|--------|---------------------------|--------|
|                                                                |   | 2010                      |   |   | 2009 |   |   | 2008 |   |
| Service cost—benefits attributed to service during the period |   | $                         | -      |   |   | $ | 1 |   |   | $ | 3 |   |
| Interest cost                                                       |   |                      | 586    |   |   |   | 587 |   |   |   | 613 |   |
| Net amortization                                                    |   |                      | 313    |   |   |   | 351 |   |   |   | 418 |   |
| Net periodic postretirement benefit cost                            |   | $                         | 899    |   |   | $ | 939 |   |   | $ | 1,034 |   |

|      |   |   |   |
|-----------|--------|--------|--------|
| 2011      |   | $      | 1,170  |   |
| 2012      |   |   | 1,110  |   |
| 2013      |   |   | 1,090  |   |
| 2014      |   |   | 1,000  |   |
| 2015      |   |   | 920    |   |
| 2016-2020 |   |   | 3,600  |   |

|                                                    |   | One Percentage Point Increase |   |   | One Percentage Point Decrease |   |
|---------------------------------------------------------|--------|-------------------------------|--------|--------|-------------------------------|--------|
| Effect on total of service and interest cost components |   | $                             | 31     |   |                          | $      | (28 | ) |
| Effect on postretirement obligation                     |   |                          | 515    |   |                          |   | (464 | ) |

----

|                    |   | March 31, |    |
|-------------------------|--------|----------------|---------|
|                    |   | 2010           |    |   | 2009 |   |
| Asset categories:       |   |           |    |   |   |   |
| Equity securities       |   | $              | 80,430  |   |   | $ | 49,645 |   |
| Fixed income securities |   |           | 50,875  |   |   |   | 40,515 |   |
| Cash equivalents        |   |           | 831     |   |   |   | 984 |   |
| Total                   |   | $              | 132,136 |   |   | $ | 91,144 |   |

|                    |   | Quoted Prices in Active Markets for Identical Assets(Level 1) |    |   | Significant Unobservable Inputs(Level 3) |   |   | Total  |   |
|-------------------------|--------|---------------------------------------------------------------|---------|--------|------------------------------------------|--------|--------|--------|--------|
| Asset categories:       |   |                                                          |    |   |                                     |   |   |   |   |
| Equity securities       |   | $                                                             | 80,430  |   |                                     | $      | -      |   |   | $ | 80,430 |   |
| Fixed income securities |   |                                                          | 35,212  |   |                                     |   | 15,663 |   |   |   | 50,875 |   |
| Cash equivalents        |   |                                                          | 831     |   |                                     |   | -      |   |   |   | 831 |   |
| Total                   |   | $                                                             | 116,473 |   |                                     | $      | 15,663 |   |   | $ | 132,136 |   |

----

|                                                                                                         |   | Year Ended March 31, |   |
|--------------------------------------------------------------------------------------------------------------|--------|---------------------------|--------|
|                                                                                                         |   | 2010                      |   |   | 2009 |   |   | 2008 |   |
| Numerator for basic and diluted earnings per share:                                                          |   |                      |   |   |   |   |   |   |   |
| (Loss) income from continuing operations                                                                     |   | $                         | (7,544 | ) |   | $ | (76,102 | ) |   | $ | 46,915 |   |
| Income (loss) from discontinued operations (net of tax)                                                      |   |                      | 531    |   |   |   | (2,282 | ) |   |   | (9,566 | ) |
| Net (loss) income                                                                                            |   | $                         | (7,013 | ) |   | $ | (78,384 | ) |   | $ | 37,349 |   |
|                                                                                                         |   |                      |   |   |   |   |   |   |   |   |   |   |
| Denominators:                                                                                                |   |                      |   |   |   |   |   |   |   |   |   |   |
| Weighted-average common stock outstanding—denominator for basic EPS                                    |   |                      | 18,963 |   |   |   | 18,861 |   |   |   | 18,723 |   |
| Effect of dilutive employee stock options                                                                    |   |                      | -      |   |   |   | - |   |   |   | 435 |   |
| Adjusted weighted-average common stock outstanding and assumed conversions—denominator for diluted EPS |   |                      | 18,963 |   |   |   | 18,861 |   |   |   | 19,158 |   |

----

----

|                               | Shares                                                                                      | Weighted-average Exercise Price                  | Weighted-average Remaining Contractual Life (in years) | Aggregate Intrinsic Value |
|------------------------------------|---------------------------------------------------------------------------------------------|--------------------------------------------------|--------------------------------------------------------|---------------------------|
| Outstanding at April 1, 2007  |               931,150 | $       12.28 |                                                   |                      |
| Granted                            | 5,000                                                                                       | 32.85                                            |                                                   |                      |
| Exercised                          | (144,425)                                                                                   | 9.81                                             |                                                   |                      |
| Cancelled                          | (4,875)                                                                                     | 5.46                                             |                                                   |                      |
| Outstanding at March 31, 2008 |               786,850 | $       12.91 |                                                   |                      |
| Granted                            | 89,150                                                                                      | 27.42                                            |                                                   |                      |
| Exercised                          | (46,375)                                                                                    | 9.07                                             |                                                   |                      |
| Cancelled                          | (103,970)                                                                                   | 22.69                                            |                                                   |                      |
| Outstanding at March 31, 2009 |               725,655 | $       13.51 |                                                   |                      |
| Granted                            | 160,700                                                                                     | 13.73                                            |                                                   |                      |
| Exercised                          | (45,500)                                                                                    | 6.40                                             |                                                   |                      |
| Cancelled                          | (194,596)                                                                                   | 21.11                                            |                                                   |                      |
| Outstanding at March 31, 2010 |               646,259 | $       12.02 | 5.3                                                    | $3,341                    |
| Exercisable at March 31, 2010 |               444,663 | $       10.27 | 3.6                                                    | $3,004                    |

| Range of Exercise Prices |   |   | Stock Options Outstanding |    |   | Weighted-average Exercise Price |   |   | Weighted-average Remaining Contractual Life |   |
|--------------------------|--------|--------|---------------------------|---------|--------|---------------------------------|--------|--------|---------------------------------------------|--------|
| Up to $10.00             |   |   |                      | 351,850 |   |                            | $      | 7.46   |                                        |   |   | 2.9 |   |
| $10.01 to $20.00.        |   |   |                      | 189,168 |   |                            |   | 14.07  |                                        |   |   | 8.8 |   |
| $20.01 to $30.00         |   |   |                      | 105,241 |   |                            |   | 23.60  |                                        |   |   | 7.0 |   |
|                     |   |   |                      | 646,259 |   |                            | $      | 12.02  |                                        |   |   | 5.3 |   |

----

| Range of Exercise Prices |   |   | Stock Options Outstanding |    |   | Weighted-average Exercise Price |   |
|--------------------------|--------|--------|---------------------------|---------|--------|---------------------------------|--------|
| Up to $10.00             |   |   |                      | 351,850 |   |                            | $      | 7.46 |   |
| $10.01 to $20.00.        |   |   |                      | 19,000  |   |                            |   | 14.79 |   |
| $20.01 to $30.00         |   |   |                      | 73,813  |   |                            |   | 22.49 |   |
|                     |   |   |                      | 444,663 |   |                            | $      | 10.27 |   |

|                                |   | Year Ended          |   |   | Year Ended          |   |   | Year Ended          |   |
|-------------------------------------|--------|---------------------|--------|--------|---------------------|--------|--------|---------------------|--------|
|                                |   | March 31, 2010 |   |   | March 31, 2009 |   |   | March 31, 2008 |   |
| Assumptions:                        |   |                |   |   |                |   |   |                |   |
| Risk-free interest rate             |   |                | 1.97   | %      |                |   | 2.58   | %                   |   |   | 4.92 | % |
| Dividend yield—Incentive Plan |   |                | 0.0    | %      |                |   | 0.0    | %                   |   |   | 0.0 | % |
| Volatility factor                   |   |                | 0.591  |   |                |   | 0.567  |                |   |   | 0.571 |   |
| Expected life—Incentive Plan  |   | 5.5 years           |   |   | 6.0 years           |   |   | 5.5 years           |   |

----

|                       |   | Shares |    |   | Weighted-average Grant Date Fair Value |   |
|----------------------------|--------|--------|---------|--------|----------------------------------------|--------|
| Unvested at April 1, 2007  |   |   | 7,200   |   |                                   | $      | 19.17 |   |
| Granted                    |   |   | 7,842   |   |                                   |   | 25.80 |   |
| Vested                     |   |   | (4,521  | )      |                                   |   | 19.54 |   |
| Unvested at March 31, 2008 |   |   | 10,521  |   |                                   | $      | 23.96 |   |
| Granted                    |   |   | 54,916  |   |                                   |   | 26.02 |   |
| Vested                     |   |   | (5,260  | )      |                                   |   | 23.96 |   |
| Forfeited                  |   |   | (25,199 | )      |                                   |   | 28.45 |   |
| Unvested at March 31, 2009 |   |   | 34,978  |   |                                   | $      | 23.95 |   |
| Granted                    |   |   | 78,647  |   |                                   |   | 13.30 |   |
| Vested                     |   |   | (8,600  | )      |                                   |   | 22.40 |   |
| Forfeited                  |   |   | (5,434  | )      |                                   |   | 14.55 |   |
| Unvested at March 31, 2010 |   |   | 99,591  |   |                                   | $      | 16.21 |   |

|                    |   | Year Ended          |   |   | Year Ended          |   |   | Year Ended          |   |
|-------------------------|--------|---------------------|--------|--------|---------------------|--------|--------|---------------------|--------|
|                    |   | March 31, 2010 |   |   | March 31, 2009 |   |   | March 31, 2008 |   |
| Assumptions:            |   |                |   |   |                |   |   |                |   |
| Risk-free interest rate |   |                | 1.21   | %      |                |   | 2.50   | %                   |   |   | 4.75 | % |
| Dividend yield          |   |                | 0.0    | %      |                |   | 0.0    | %                   |   |   | 0.0 | % |
| Volatility factor       |   |                | 0.641  |   |                |   | 0.479  |                |   |   | 0.481 |   |
| Expected life           |   | 2.87 years          |   |   | 2.87 years          |   |   | 2.86 years          |   |

----

|                            |   | Shares |    |   | Weighted-average Grant Date Fair Value |   |
|---------------------------------|--------|--------|---------|--------|----------------------------------------|--------|
| Unvested at April 1, 2007  |   |   | -       |   |                                   |   | - |   |
| Granted                         |   |   | 34,457  |   |                                   | $      | 19.40 |   |
| Unvested at March 31, 2008 |   |   | 34,457  |   |                                   |   | 19.40 |   |
| Granted                         |   |   | 20,669  |   |                                   |   | 28.07 |   |
| Forfeited                       |   |   | (10,047 | )      |                                   |   | 22.60 |   |
| Unvested at March 31, 2009 |   |   | 45,079  |   |                                   |   | 22.66 |   |
| Granted                         |   |   | 64,614  |   |                                   |   | 17.12 |   |
| Forfeited                       |   |   | (20,059 | )      |                                   |   | 19.40 |   |
| Vested                          |   |   | (8,062  | )      |                                   |   | 19.40 |   |
| Unvested at March 31, 2010 |   |   | 81,572  |   |                                   | $      | 19.40 |   |

----

|                                                     |   | Year Ended March 31, |   |
|----------------------------------------------------------|--------|---------------------------|--------|
|                                                     |   | 2010                      |   |   | 2009 |   |   | 2008 |   |
| Accrued general and product liability, beginning of year |   | $                         | 23,242 |   |   | $ | 20,771 |   |   | $ | 21,078 |   |
| Add provision for claims                                 |   |                      | 5,061  |   |   |   | 4,052 |   |   |   | 2,201 |   |
| Deduct payments for claims                               |   |                      | (5,249 | ) |   |   | (1,581 | ) |   |   | (2,508 | ) |
| Accrued general and product liability, end of year       |   | $                         | 23,054 |   |   | $ | 23,242 |   |   | $ | 20,771 |   |

----

|                                            |   | Employee |   |   | Facility |   |   | Total  |   |
|-------------------------------------------------|--------|----------|--------|--------|----------|--------|--------|--------|--------|
| Reserve at April 1, 2007                   |   | $        | -      |   |     | $      | 599    |   |   | $ | 599 |   |
| Fiscal 2008 restructuring charges               |   |     | 105    |   |     |   | 731    |   |   |   | 836 |   |
| Cash payments                                   |   |     | (105   | )      |     |   | (1,272 | )      |   |   | (1,377 | ) |
| Reserve at March 31, 2008                  |   | $        | -      |   |     | $      | 58     |   |   | $ | 58 |   |
| Fiscal 2009 restructuring charges               |   |     | 1,823  |   |     |   | 98     |   |   |   | 1,921 |   |
| Cash payments                                   |   |     | (521   | )      |     |   | (156   | )      |   |   | (677 | ) |
| Reserve at March 31, 2009                  |   | $        | 1,302  |   |     | $      | -      |   |   | $ | 1,302 |   |
| Fiscal 2010 restructuring charges               |   |     | 11,475 |   |     |   | 5,044  |   |   |   | 16,519 |   |
| Cash payments                                   |   |     | (7,592 | )      |     |   | (3,209 | )      |   |   | (10,801 | ) |
| Reclassification of long-term pension liability |   |     | (2,430 | )      |     |   | -      |   |   |   | (2,430 | ) |
| Fixed asset impairment                          |   |     | -      |   |     |   | (1,835 | )      |   |   | (1,835 | ) |
| Reserve at March 31, 2010                  |   | $        | 2,755  |   |     | $      | -      |   |   | $ | 2,755 |   |

----

|                                        |   | Year Ended March 31, |   |
|---------------------------------------------|--------|---------------------------|--------|
|                                        |   | 2010                      |   |   | 2009 |   |   | 2008 |   |
| Expected tax at 35%                         |   | $                         | (4,511 | ) |   | $ | (20,335 | ) |   | $ | 24,407 |   |
| State income taxes net of federal benefit   |   |                      | (238   | ) |   |   | 309 |   |   |   | 1,238 |   |
| Foreign taxes less than statutory provision |   |                      | (1,081 | ) |   |   | (1,136 | ) |   |   | (1,095 | ) |
| Permanent items                             |   |                      | 229    |   |   |   | 137 |   |   |   | 315 |   |
| Goodwill impairment                         |   |                      | -      |   |   |   | 37,450 |   |   |   | - |   |
| Valuation allowance                         |   |                      | -      |   |   |   | - |   |   |   | (1,000 | ) |
| Other                                       |   |                      | 256    |   |   |   | 1,576 |   |   |   | (1,046 | ) |
| Actual tax (benefit) provision              |   | $                         | (5,345 | ) |   | $ | 18,001 |   |   | $ | 22,819 |   |

|                                   |   | Year Ended March 31, |   |
|----------------------------------------|--------|---------------------------|--------|
|                                   |   | 2010                      |   |   | 2009 |   |   | 2008 |   |
| Current income tax (benefit) expense:  |   |                      |   |   |   |   |   |   |   |
| United States Federal                  |   | $                         | -      |   |   | $ | 13,963 |   |   | $ | 853 |   |
| State taxes                            |   |                      | 913    |   |   |   | 291 |   |   |   | 1,904 |   |
| Foreign                                |   |                      | 2,417  |   |   |   | 5,447 |   |   |   | 5,437 |   |
| Deferred income tax (benefit) expense: |   |                      |   |   |   |   |   |   |   |   |   |   |
| United States                          |   |                      | (7,745 | ) |   |   | (1,076 | ) |   |   | 14,304 |   |
| Foreign                                |   |                      | (930   | ) |   |   | (624 | ) |   |   | 321 |   |
|                                   |   | $                         | (5,345 | ) |   | $ | 18,001 |   |   | $ | 22,819 |   |

|                                               |   | March 31, |   |
|----------------------------------------------------|--------|----------------|--------|
|                                               |   | 2010           |   |   | 2009 |   |
| Deferred tax assets:                               |   |           |   |   |   |   |
| Federal net operating loss carryforwards           |   | $              | 12,184 |   |   | $ | 1,556 |   |
| State and foreign net operating loss carryforwards |   |           | 3,703  |   |   |   | 2,829 |   |
| Employee benefit plans                             |   |           | 12,163 |   |   |   | 18,050 |   |
| Asset reserves                                     |   |           | 1,674  |   |   |   | 1,471 |   |
| Insurance reserves                                 |   |           | 9,035  |   |   |   | 9,245 |   |
| Accrued vacation and incentive costs               |   |           | 1,916  |   |   |   | 2,259 |   |
| Other                                              |   |           | 7,250  |   |   |   | 8,681 |   |
| Valuation allowance                                |   |           | (1,609 | ) |   |   | (1,594 | ) |
| Gross deferred tax assets                          |   |           | 46,316 |   |   |   | 42,497 |   |
| Deferred tax liabilities:                          |   |           |   |   |   |   |   |   |
| Inventory reserves                                 |   |           | (2,355 | ) |   |   | (1,298 | ) |
| Property, plant, and equipment                     |   |           | (1,521 | ) |   |   | (2,303 | ) |
| Intangible assets                                  |   |           | (5,167 | ) |   |   | (5,533 | ) |
| Gross deferred tax liabilities                     |   |           | (9,043 | ) |   |   | (9,134 | ) |
| Net deferred tax assets                            |   | $              | 37,273 |   |   | $ | 33,363 |   |

----

|                                   |   | March 31, |   |
|----------------------------------------|--------|----------------|--------|
|                                   |   | 2010           |   |   | 2009 |   |
| Net current deferred tax asset         |   | $              | 6,149  |   |   | $ | 7,346 |   |
| Net non-current deferred tax asset     |   |           | 36,768 |   |   |   | 32,521 |   |
| Net non-current deferred tax liability |   |           | (5,644 | ) |   |   | (6,504 | ) |
| Net deferred tax asset                 |   | $              | 37,273 |   |   | $ | 33,363 |   |

|                                     |   | 2010   |   |   | 2009   |   |
|------------------------------------------|--------|--------|--------|--------|--------|--------|
| Beginning balance                        |   | $      | 3,546  |   |   | $      | 2,447 |   |
| Additions for prior year tax positions   |   |   | 20     |   |   |   | 12 |   |
| Additions for current year tax positions |   |   | 260    |   |   |   | 1,327 |   |
| Reductions for prior year tax positions  |   |   | (33    | )      |   |   | (116 | ) |
| Foreign currency translation             |   |   | (90    | )      |   |   | - |   |
| Lapses in statute limitations            |   |   | (126   | )      |   |   | (124 | ) |
| Ending balance                           |   | $      | 3,577  |   |   | $      | 3,546 |   |

----

| Year Ended March 31, |   | Real Property |   |   | Vehicles/Equipment |    |   | Total  |   |
|---------------------------|--------|---------------|--------|--------|--------------------|---------|--------|--------|--------|
| 2011                      |   | $        | 1,639  |   |               | $  | 1,779  |   |   | $  | 3,418 |   |
| 2012                      |   |          | 501    |   |               |    | 1,240  |   |   |   | 1,741 |   |
| 2013                      |   |          | 333    |   |               |    | 529    |   |   |   | 862 |   |
| 2014                      |   |          | 316    |   |               |    | 317    |   |   |   | 633 |   |
| 2015 and thereafter       |   |          | 16     |   |               |    | 194    |   |   |   | 210 |   |
| Total                     |   | $             | 2,805  |   |               | $       | 4,059  |   |   | $ | 6,864 |   |

----

|                                                                         |   | Parent |    |   | Guarantors |   |    | Non Guarantors |   |   | Eliminations |   |   | Consolidated |     |
|------------------------------------------------------------------------------|--------|--------|---------|--------|------------|--------|---------|----------------|--------|--------|--------------|--------|--------|--------------|----------|
| As of March 31, 2010:                                                   |   |   |    |   |       |   |    |           |   |   |         |   |   |         |     |
| Current assets:                                                              |   |   |    |   |       |   |    |           |   |   |         |   |   |         |     |
| Cash                                                                         |   | $      | 33,081  |   |       | $      | 24      |           |   | $      | 30,863       |   |   | $            | —  |   |   | $ | 63,968 |   |
| Trade accounts receivable                                                    |   |   | 38,316  |   |       |   | 64      |           |   |   | 31,838       |   |   |         | —  |   |   |   | 70,218 |   |
| Inventories                                                                  |   |   | 26,023  |   |       |   | 16,057  |           |   |   | 39,742       |   |   |         | (2,000   | ) |   |   | 79,822 |   |
| Prepaid expenses                                                             |   |   | 3,432   |   |       |   | 874     |           |   |   | 11,056       |   |   |         | 652      |   |   |   | 16,014 |   |
| Total current assets                                                         |   |   | 100,852 |   |       |   | 17,019  |           |   |   | 113,499      |   |   |         | (1,348   | ) |   |   | 230,022 |   |
| Net property, plant, and equipment                                           |   |   | 27,330  |   |       |   | 11,998  |           |   |   | 17,778       |   |   |         | —  |   |   |   | 57,106 |   |
| Goodwill and other intangibles, net                                          |   |   | 41,013  |   |       |   | 31,028  |           |   |   | 52,124       |   |   |         | —  |   |   |   | 124,165 |   |
| Intercompany balances                                                        |   |   | (79,763 | )      |       |   | 153,190 |           |   |   | (76,594      | )      |   |         | 3,167    |   |   |   | — |   |
| Other non-current assets                                                     |   |   | 37,319  |   |       |   | 1,255   |           |   |   | 31,630       |   |   |         | —  |   |   |   | 70,204 |   |
| Investment in subsidiaries                                                   |   |   | 248,915 |   |       |   | — |           |   |   | —      |   |   |         | (248,915 | ) |   |   | — |   |
| Total assets                                                                 |   | $      | 375,666 |   |       | $      | 214,490 |           |   | $      | 138,437      |   |   | $            | (247,096 | ) |   | $ | 481,497 |   |
|                                                                         |   |   |    |   |       |   |    |           |   |   |         |   |   |         |     |   |   |   |   |   |
| Current liabilities                                                          |   | $      | 38,157  |   |       | $      | 13,176  |           |   | $      | 37,833       |   |   | $            | 1,819    |   |   | $ | 90,985 |   |
| Long-term debt, less current portion                                         |   |   | 124,855 |   |       |   | 2,475   |           |   |   | 3,491        |   |   |         | —  |   |   |   | 130,821 |   |
| Other non-current liabilities                                                |   |   | 25,376  |   |       |   | 9,083   |           |   |   | 37,954       |   |   |         | —  |   |   |   | 72,413 |   |
| Total liabilities                                                            |   |   | 188,388 |   |       |   | 24,734  |           |   |   | 79,278       |   |   |         | 1,819    |   |   |   | 294,219 |   |
| Shareholders’ equity                                                   |   |   | 187,278 |   |       |   | 189,756 |           |   |   | 59,159       |   |   |         | (248,915 | ) |   |   | 187,278 |   |
| Total liabilities and shareholders’ equity                             |   | $      | 375,666 |   |       | $      | 214,490 |           |   | $      | 138,437      |   |   | $            | (247,096 | ) |   | $ | 481,497 |   |
|                                                                         |   |   |    |   |       |   |    |           |   |   |         |   |   |         |     |   |   |   |   |   |
| For the Year Ended March 31, 2010:                                      |   |   |    |   |       |   |    |           |   |   |         |   |   |         |     |   |   |   |   |   |
| Net sales                                                                    |   | $      | 193,784 |   |       | $      | 117,854 |           |   | $      | 192,326      |   |   | $            | (27,781  | ) |   | $ | 476,183 |   |
| Cost of products sold                                                        |   |   | 158,571 |   |       |   | 94,906  |           |   |   | 135,245      |   |   |         | (28,478  | ) |   |   | 360,244 |   |
| Gross profit                                                                 |   |   | 35,213  |   |       |   | 22,948  |           |   |   | 57,081       |   |   |         | 697      |   |   |   | 115,939 |   |
| Selling, general and administrative expenses                                 |   |   | 41,397  |   |       |   | 13,651  |           |   |   | 46,308       |   |   |         | —  |   |   |   | 101,356 |   |
| Restructuring charges                                                        |   |   | 15,316  |   |       |   | — |           |   |   | 1,203        |   |   |         | —  |   |   |   | 16,519 |   |
| Amortization of intangibles                                                  |   |   | 119     |   |       |   | 3       |           |   |   | 1,754        |   |   |         | —  |   |   |   | 1,876 |   |
| (Loss) income from operations                                                |   |   | (21,619 | )      |       |   | 9,294   |           |   |   | 7,816        |   |   |         | 697      |   |   |   | (3,812 | ) |
| Interest and debt expense                                                    |   |   | 11,865  |   |       |   | 493     |           |   |   | 867          |   |   |         | —  |   |   |   | 13,225 |   |
| Other (income) and expense, net                                              |   |   | (1,893  | )      |       |   | (1,033  | )              |   |   | (1,222       | )      |   |         | —  |   |   |   | (4,148 | ) |
| (Loss) income from continuing operations before income tax (benefit) expense |   |   | (31,591 | )      |       |   | 9,834   |           |   |   | 8,171        |   |   |         | 697      |   |   |   | (12,889 | ) |
| Income tax (benefit) expense                                                 |   |   | (9,963  | )      |       |   | 2,739   |           |   |   | 1,687        |   |   |         | 192      |   |   |   | (5,345 | ) |
| Equity in income from continuing operations of subsidiaries                  |   |   | 14,084  |   |       |   | — |           |   |   | —      |   |   |         | (14,084  | ) |   |   | — |   |
| (Loss) income from continuous operations                                     |   |   | (7,544  | )      |       |   | 7,095   |           |   |   | 6,484        |   |   |         | (13,579  | ) |   |   | (7,544 | ) |
| Income from discontinued operations                                          |   |   | 531     |   |       |   | — |           |   |   | —      |   |   |         | —  |   |   |   | 531 |   |
| Net (loss) income                                                            |   | $      | (7,013  | )      |       | $      | 7,095   |           |   | $      | 6,484        |   |   | $            | (13,579  | ) |   | $ | (7,013 | ) |

----

|                                                                          |   | Parent |    |   | Guarantors |   |    | Non Guarantors |   |   | Eliminations |   |   | Consolidated |    |
|-------------------------------------------------------------------------------|--------|--------|---------|--------|------------|--------|---------|----------------|--------|--------|--------------|--------|--------|--------------|---------|
| For the Year Ended March 31, 2010:                                       |   |   |    |   |       |   |    |           |   |   |         |   |   |         |    |
| Operating activities:                                                         |   |   |    |   |       |   |    |           |   |   |         |   |   |         |    |
| Net cash provided by operating activities from continuing operations          |   | $      | 28,418  |   |       | $      | (665    | )              |   | $      | 16,198       |   |   | $            | (14,084 | ) |   | $ | 29,867 |   |
| Cash provided by operating activities                                         |   |   | 28,418  |   |       |   | (665    | )              |   |   | 16,198       |   |   |         | (14,084 | ) |   |   | 29,867 |   |
| Investing activities:                                                         |   |   |    |   |       |   |    |           |   |   |         |   |   |         |    |   |   |   |   |   |
| Purchases of marketable securities, net                                       |   |   | (414    | )      |       |   | — |           |   |   | 2,236        |   |   |         | — |   |   |   | 1,822 |   |
| Capital expenditures                                                          |   |   | (4,933  | )      |       |   | (1,674  | )              |   |   | (638         | )      |   |         | — |   |   |   | (7,245 | ) |
| Investment in subsidiaries                                                    |   |   | (14,084 | )      |       |   | — |           |   |   | —      |   |   |         | 14,084  |   |   |   | — |   |
| Purchases of businesses, net of cash                                          |   |   | — |   |       |   | 2,407   |           |   |   | 1,135        |   |   |         | — |   |   |   | 3,542 |   |
| Net cash used by investing activities from continuing operations              |   |   | (19,431 | )      |       |   | 733     |           |   |   | 2,733        |   |   |         | 14,084  |   |   |   | (1,881 | ) |
| Net cash provided by investing activities from discontinued operations        |   |   | 531     |   |       |   | — |           |   |   | —      |   |   |         | — |   |   |   | 531 |   |
| Net cash used by investing activities                                         |   |   | (18,900 | )      |       |   | 733     |           |   |   | 2,733        |   |   |         | 14,084  |   |   |   | (1,350 | ) |
| Financing activities:                                                         |   |   |    |   |       |   |    |           |   |   |         |   |   |         |    |   |   |   |   |   |
| Proceeds from exercise of stock options                                       |   |   | 291     |   |       |   | — |           |   |   | —      |   |   |         | — |   |   |   | 291 |   |
| Net repayments under revolving line-of-credit agreements.                     |   |   | — |   |       |   | — |           |   |   | (3,946       | )      |   |         | — |   |   |   | (3,946 | ) |
| Repayment of debt                                                             |   |   | — |   |       |   | (130    | )              |   |   | (834         | )      |   |         | — |   |   |   | (964 | ) |
| Deferred financing costs incurred                                             |   |   | (1,258  | )      |       |   | — |           |   |   | —      |   |   |         | — |   |   |   | (1,258 | ) |
| Other                                                                         |   |   | 390     |   |       |   | 69      |           |   |   | —      |   |   |         | — |   |   |   | 459 |   |
| Net cash used by financing activities from continuing operations              |   |   | (577    | )      |       |   | (61     | )              |   |   | (4,780       | )      |   |         | — |   |   |   | (5,418 | ) |
| Net cash (used) provided by financing activities from discontinued operations |   |   | — |   |       |   | — |           |   |   | —      |   |   |         | — |   |   |   | — |   |
| Net cash used by financing activities                                         |   |   | (577    | )      |       |   | (61     | )              |   |   | (4,780       | )      |   |         | — |   |   |   | (5,418 | ) |
| Effect of exchange rate changes on cash                                       |   |   | — |   |       |   | (13     | )              |   |   | 1,646        |   |   |         | — |   |   |   | 1,633 |   |
| Net change in cash and cash equivalents                                       |   |   | 8,941   |   |       |   | (6      | )              |   |   | 15,797       |   |   |         | — |   |   |   | 24,732 |   |
| Cash and cash equivalents at beginning of year.                               |   |   | 24,140  |   |       |   | 30      |           |   |   | 15,066       |   |   |         | — |   |   |   | 39,236 |   |
| Cash and cash equivalents at end of year                                      |   | $      | 33,081  |   |       | $      | 24      |           |   | $      | 30,863       |   |   | $            | — |   |   | $ | 63,968 |   |

|                                       |   | Parent |    |   | Guarantors |   |    | Non Guarantors |   |   | Eliminations |   |   | Consolidated |     |
|--------------------------------------------|--------|--------|---------|--------|------------|--------|---------|----------------|--------|--------|--------------|--------|--------|--------------|----------|
|                                       |   |   |    |   |       |   |    |           |   |   |         |   |   |         |     |
| As of March 31, 2009                       |   |   |    |   |       |   |    |           |   |   |         |   |   |         |     |
| Current assets:                            |   |   |    |   |       |   |    |           |   |   |         |   |   |         |     |
| Cash and cash equivalents                  |   | $      | 24,115  |   |       | $      | 30      |           |   | $      | 15,091       |   |   | $            | —  |   |   | $ | 39,236 |   |
| Trade accounts receivable                  |   |   | 46,358  |   |       |   | 37      |           |   |   | 33,773       |   |   |         | —  |   |   |   | 80,168 |   |
| Inventories                                |   |   | 33,268  |   |       |   | 21,113  |           |   |   | 48,937       |   |   |         | (2,697   | ) |   |   | 100,621 |   |
| Other current assets                       |   |   | 8,480   |   |       |   | 1,060   |           |   |   | 7,731        |   |   |         | 844      |   |   |   | 18,115 |   |
| Total current assets                       |   |   | 112,221 |   |       |   | 22,240  |           |   |   | 105,532      |   |   |         | (1,853   | ) |   |   | 238,140 |   |
| Property, plant, and equipment, net        |   |   | 29,001  |   |       |   | 11,995  |           |   |   | 21,106       |   |   |         | —  |   |   |   | 62,102 |   |
| Goodwill and other intangibles, net        |   |   | 41,016  |   |       |   | 31,031  |           |   |   | 53,033       |   |   |         | —  |   |   |   | 125,080 |   |
| Intercompany                               |   |   | (58,739 | )      |       |   | 140,495 |           |   |   | (83,748      | )      |   |         | 1,992    |   |   |   | — |   |
| Other assets                               |   |   | 36,099  |   |       |   | 4,659   |           |   |   | 25,584       |   |   |         | —  |   |   |   | 66,342 |   |
| Investment in subsidiaries                 |   |   | 222,102 |   |       |   | — |           |   |   | —      |   |   |         | (222,102 | ) |   |   | — |   |
| Total assets                               |   | $      | 381,700 |   |       | $      | 210,420 |           |   | $      | 121,507      |   |   | $            | (221,963 | ) |   | $ | 491,664 |   |
|                                       |   |   |    |   |       |   |    |           |   |   |         |   |   |         |     |   |   |   |   |   |
| Current liabilities                        |   | $      | 33,767  |   |       | $      | 17,162  |           |   | $      | 39,933       |   |   | $            | 139      |   |   | $ | 91,001 |   |
| Long-term debt, less current portion       |   |   | 124,855 |   |       |   | 2,597   |           |   |   | 4,476        |   |   |         | —  |   |   |   | 131,928 |   |
| Other non-current liabilities              |   |   | 41,224  |   |       |   | 13,895  |           |   |   | 31,762       |   |   |         | —  |   |   |   | 86,881 |   |
| Total liabilities                          |   |   | 199,846 |   |       |   | 33,654  |           |   |   | 76,171       |   |   |         | 139      |   |   |   | 309,810 |   |
| Shareholders' equity                       |   |   | 181,854 |   |       |   | 176,766 |           |   |   | 45,336       |   |   |         | (222,102 | ) |   |   | 181,854 |   |
| Total liabilities and shareholders' equity |   | $      | 381,700 |   |       | $      | 210,420 |           |   | $      | 121,507      |   |   | $            | (221,963 | ) |   | $ | 491,664 |   |

----

|                                                                                    |   | Parent |    |   | Guarantors |   |    | Non Guarantors |   |   | Eliminations |   |   | Consolidated |    |
|-----------------------------------------------------------------------------------------|--------|--------|---------|--------|------------|--------|---------|----------------|--------|--------|--------------|--------|--------|--------------|---------|
| For the Year Ended March 31, 2009:                                                      |   |   |    |   |       |   |    |           |   |   |         |   |   |         |    |
| Net sales                                                                               |   | $      | 288,928 |   |       | $      | 162,935 |           |   | $      | 197,200      |   |   | $            | (42,355 | ) |   | $ | 606,708 |   |
| Cost of products sold                                                                   |   |   | 217,628 |   |       |   | 124,573 |           |   |   | 132,829      |   |   |         | (42,023 | ) |   |   | 433,007 |   |
| Gross profit (loss)                                                                     |   |   | 71,300  |   |       |   | 38,362  |           |   |   | 64,371       |   |   |         | (332    | ) |   |   | 173,701 |   |
| Selling, general and administrative expenses                                            |   |   | 46,242  |   |       |   | 18,612  |           |   |   | 45,487       |   |   |         | — |   |   |   | 110,341 |   |
| Restructuring charges                                                                   |   |   | 1,367   |   |       |   | 554     |           |   |   | —      |   |   |         | — |   |   |   | 1,921 |   |
| Impairment loss                                                                         |   |   | 48,000  |   |       |   | 26,000  |           |   |   | 33,000       |   |   |         | — |   |   |   | 107,000 |   |
| Amortization of intangibles                                                             |   |   | 117     |   |       |   | 3       |           |   |   | 878          |   |   |         | — |   |   |   | 998 |   |
| Loss from operations                                                                    |   |   | (24,426 | )      |       |   | (6,807  | )              |   |   | (14,994      | )      |   |         | (332    | ) |   |   | (46,559 | ) |
| Interest and debt expense                                                               |   |   | 10,793  |   |       |   | 1,497   |           |   |   | 858          |   |   |         | — |   |   |   | 13,148 |   |
| Other (income) and expense, net                                                         |   |   | (4,833  | )      |       |   | (1,230  | )              |   |   | 4,457        |   |   |         | — |   |   |   | (1,606 | ) |
| Loss from continuing operations before income tax expense (benefit)                     |   |   | (30,386 | )      |       |   | (7,074  | )              |   |   | (20,309      | )      |   |         | (332    | ) |   |   | (58,101 | ) |
| Income tax expense (benefit)                                                            |   |   | 6,730   |   |       |   | 7,979   |           |   |   | 3,418        |   |   |         | (126    | ) |   |   | 18,001 |   |
| Equity in (loss) income from continuing operations of subsidiaries......... |   |   | (38,986 | )      |       |   | — |           |   |   | —      |   |   |         | 38,986  |   |   |   | — |   |
| (Loss) income from continuous operations                                                |   |   | (76,102 | )      |       |   | (15,053 | )              |   |   | (23,727      | )      |   |         | 38,780  |   |   |   | (76,102 | ) |
| Loss from discontinued operations                                                       |   |   | (627    | )      |       |   | — |           |   |   | (1,655       | )      |   |         | — |   |   |   | (2,282 | ) |
| Equity in (loss) income from discontinued operations of subsidiaries (net of tax)       |   |   | (1,655  | )      |       |   | — |           |   |   | —      |   |   |         | 1,655   |   |   |   | — |   |
| Net (loss) income                                                                       |   | $      | (78,384 | )      |       | $      | (15,053 | )              |   | $      | (25,382      | )      |   | $            | 40,435  |   |   | $ | (78,384 | ) |
|                                                                                    |   |   |    |   |       |   |    |           |   |   |         |   |   |         |    |   |   |   |   |   |
| For the Year Ended March 31, 2009:                                                      |   |   |    |   |       |   |    |           |   |   |         |   |   |         |    |   |   |   |   |   |
| Operating activities:                                                                   |   |   |    |   |       |   |    |           |   |   |         |   |   |         |    |   |   |   |   |   |
| Net cash provided by operating activities from continuing operations                    |   | $      | (20,482 | )      |       | $      | 628     |           |   | $      | 43,895       |   |   | $            | 38,986  |   |   | $ | 63,027 |   |
| Net cash used by operating activities from discontinued operations                      |   |   | (2,233  | )      |       |   | — |           |   |   | (2,218       | )      |   |         | 1,655   |   |   |   | (2,796 | ) |
| Cash provided by operating activities                                                   |   |   | (22,715 | )      |       |   | 628     |           |   |   | 41,677       |   |   |         | 40,641  |   |   |   | 60,231 |   |
| Investing activities:                                                                   |   |   |    |   |       |   |    |           |   |   |         |   |   |         |    |   |   |   |   |   |
| Purchases of marketable securities, net                                                 |   |   | — |   |       |   | — |           |   |   | (2,605       | )      |   |         | — |   |   |   | (2,605 | ) |
| Capital expenditures                                                                    |   |   | (7,461  | )      |       |   | (1,910  | )              |   |   | (2,874       | )      |   |         | — |   |   |   | (12,245 | ) |
| Proceeds from sale of PP&E                                                          |   |   | — |   |       |   | 1,593   |           |   |   | —      |   |   |         | — |   |   |   | 1,593 |   |
| Purchases of businesses, net of cash                                                    |   |   | — |   |       |   | — |           |   |   | (52,779      | )      |   |         | — |   |   |   | (52,779 | ) |
| Investment in subsidiaries                                                              |   |   | 40,641  |   |       |   | — |           |   |   | —      |   |   |         | (40,641 | ) |   |   | — |   |
| Net cash used by investing activities from continuing operations                        |   |   | 33,180  |   |       |   | (317    | )              |   |   | (58,258      | )      |   |         | (40,641 | ) |   |   | (66,036 | ) |
| Net cash provided by investing activities from discontinued operations                  |   |   | 531     |   |       |   | — |           |   |   | —      |   |   |         | — |   |   |   | 531 |   |
| Net cash used by investing activities                                                   |   |   | 33,711  |   |       |   | (317    | )              |   |   | (58,258      | )      |   |         | (40,641 | ) |   |   | (65,505 | ) |
| Financing activities:                                                                   |   |   |    |   |       |   |    |           |   |   |         |   |   |         |    |   |   |   |   |   |
| Proceeds from exercise of stock options                                                 |   |   | 421     |   |       |   | — |           |   |   | —      |   |   |         | — |   |   |   | 421 |   |
| Net repayments under revolving line-of-credit agreements                                |   |   | — |   |       |   | — |           |   |   | (2,138       | )      |   |         | — |   |   |   | (2,138 | ) |
| Repayment of debt                                                                       |   |   | (4,700  | )      |       |   | (191    | )              |   |   | (2,096       | )      |   |         | — |   |   |   | (6,987 | ) |
| Other                                                                                   |   |   | 789     |   |       |   | — |           |   |   | —      |   |   |         | — |   |   |   | 789 |   |
| Net cash used by financing activities from continuing operations                        |   |   | (3,490  | )      |       |   | (191    | )              |   |   | (4,234       | )      |   |         | — |   |   |   | (7,915 | ) |
| Net cash (used) provided by financing activities from discontinued operations           |   |   | (15,191 | )      |       |   | — |           |   |   | 579          |   |   |         | — |   |   |   | (14,612 | ) |
| Net cash used by financing activities                                                   |   |   | (18,681 | )      |       |   | (191    | )              |   |   | (3,655       | )      |   |         | — |   |   |   | (22,527 | ) |
| Effect of exchange rate changes on cash                                                 |   |   | — |   |       |   | 251     |           |   |   | (9,208       | )      |   |         | — |   |   |   | (8,957 | ) |
| Net change in cash and cash equivalents                                                 |   |   | (7,685  | )      |       |   | 371     |           |   |   | (29,444      | )      |   |         | — |   |   |   | (36,758 | ) |
| Cash and cash equivalents at beginning of year .                                   |   |   | 31,800  |   |       |   | (341    | )              |   |   | 44,535       |   |   |         | — |   |   |   | 75,994 |   |
| Cash and cash equivalents at end of year                                                |   | $      | 24,115  |   |       | $      | 30      |           |   | $      | 15,091       |   |   | $            | — |   |   | $ | 39,236 |   |

----

|                                                                          |   | Parent |    |   | Guarantors |   |    | Non Guarantors |   |   | Eliminations |   |   | Consolidated |    |
|-------------------------------------------------------------------------------|--------|--------|---------|--------|------------|--------|---------|----------------|--------|--------|--------------|--------|--------|--------------|---------|
| For the Year Ended March 31, 2008:                                       |   |   |    |   |       |   |    |           |   |   |         |   |   |         |    |
| Net sales                                                                     |   | $      | 302,676 |   |       | $      | 176,901 |           |   | $      | 155,609      |   |   | $            | (41,400 | ) |   | $ | 593,786 |   |
| Cost of products sold                                                         |   |   | 219,366 |   |       |   | 129,575 |           |   |   | 100,465      |   |   |         | (41,195 | ) |   |   | 408,211 |   |
| Gross profit (loss)                                                           |   |   | 83,310  |   |       |   | 47,326  |           |   |   | 55,144       |   |   |         | (205    | ) |   |   | 185,575 |   |
| Selling, general and administrative expenses                                  |   |   | 49,834  |   |       |   | 18,043  |           |   |   | 36,007       |   |   |         | — |   |   |   | 103,884 |   |
| Restructuring charges                                                         |   |   | 836     |   |       |   | — |           |   |   | —      |   |   |         | — |   |   |   | 836 |   |
| Amortization of intangibles                                                   |   |   | 112     |   |       |   | 3       |           |   |   | —      |   |   |         | — |   |   |   | 115 |   |
| Income (loss) from operations                                                 |   |   | 32,528  |   |       |   | 29,280  |           |   |   | 19,137       |   |   |         | (205    | ) |   |   | 80,740 |   |
| Interest and debt expense                                                     |   |   | 9,918   |   |       |   | 3,554   |           |   |   | 90           |   |   |         | — |   |   |   | 13,562 |   |
| Other (income) and expense, net                                               |   |   | 641     |   |       |   | (643    | )              |   |   | (2,554       | )      |   |         | — |   |   |   | (2,556 | ) |
| Income (loss) from continuing operations before income tax expense (benefit)  |   |   | 21,969  |   |       |   | 26,369  |           |   |   | 21,601       |   |   |         | (205    | ) |   |   | 69,734 |   |
| Income tax expense (benefit)                                                  |   |   | 6,068   |   |       |   | 11,080  |           |   |   | 5,759        |   |   |         | (88     | ) |   |   | 22,819 |   |
| Equity in income from continuing operations of subsidiaries                   |   |   | 20,891  |   |       |   | — |           |   |   | —      |   |   |         | (20,891 | ) |   |   | — |   |
| Income (loss) from continuous operations                                      |   |   | 36,792  |   |       |   | 15,289  |           |   |   | 15,842       |   |   |         | (21,008 | ) |   |   | 46,915 |   |
| Income (loss) from discontinued operations                                    |   |   | 557     |   |       |   | — |           |   |   | (10,123      | )      |   |         | — |   |   |   | (9,566 | ) |
| Net income (loss)                                                             |   | $      | 37,349  |   |       | $      | 15,289  |           |   | $      | 5,719        |   |   | $            | (21,008 | ) |   | $ | 37,349 |   |
|                                                                          |   |   |    |   |       |   |    |           |   |   |         |   |   |         |    |   |   |   |   |   |
| For the Year Ended March 31, 2008:                                       |   |   |    |   |       |   |    |           |   |   |         |   |   |         |    |   |   |   |   |   |
| Operating activities:                                                         |   |   |    |   |       |   |    |           |   |   |         |   |   |         |    |   |   |   |   |   |
| Net cash provided (used) by operating activities from continuing operations   |   | $      | 78,528  |   |       | $      | (1,483  | )              |   | $      | 14,741       |   |   | $            | (31,013 | ) |   | $ | 60,773 |   |
| Net cash used by operating activities from discontinued operations            |   |   | (10,123 | )      |       |   | — |           |   |   | (1,183       | )      |   |         | 10,123  |   |   |   | (1,183 | ) |
| Net cash provided (used) by operating activities                              |   |   | 68,405  |   |       |   | (1,483  | )              |   |   | 13,558       |   |   |         | (20,890 | ) |   |   | 59,590 |   |
| Investing activities:                                                         |   |   |    |   |       |   |    |           |   |   |         |   |   |         |    |   |   |   |   |   |
| Purchases of marketable securities, net                                       |   |   | — |   |       |   | — |           |   |   | (1,562       | )      |   |         | — |   |   |   | (1,562 | ) |
| Capital expenditures                                                          |   |   | (7,228  | )      |       |   | (2,745  | )              |   |   | (2,506       | )      |   |         | — |   |   |   | (12,479 | ) |
| Proceeds from sale of businesses and surplus real estate                      |   |   | — |   |       |   | 5,504   |           |   |   | —      |   |   |         | — |   |   |   | 5,504 |   |
| Investment in subsidiaries                                                    |   |   | (20,891 | )      |       |   | — |           |   |   | —      |   |   |         | 20,891  |   |   |   | — |   |
| Net cash (used) provided by investing activities from continuing operations   |   |   | (28,119 | )      |       |   | 2,759   |           |   |   | (4,068       | )      |   |         | 20,891  |   |   |   | (8,537 | ) |
| Net cash provided (used) by investing activities from discontinued operations |   |   | 557     |   |       |   | — |           |   |   | (587         | )      |   |         | — |   |   |   | (30 | ) |
| Net cash (used) provided by investing activities                              |   |   | (27,562 | )      |       |   | 2,759   |           |   |   | (4,655       | )      |   |         | 20,891  |   |   |   | (8,567 | ) |
| Financing activities:                                                         |   |   |    |   |       |   |    |           |   |   |         |   |   |         |    |   |   |   |   |   |
| Proceeds from exercise of stock options                                       |   |   | 1,416   |   |       |   | — |           |   |   | 1            |   |   |         | (1      | ) |   |   | 1,416 |   |
| Net repayment under revolving line-of-credit agreements.                      |   |   | — |   |       |   | — |           |   |   | (813         | )      |   |         | — |   |   |   | (813 | ) |
| (Repayment) borrowing of debt                                                 |   |   | (29,898 | )      |       |   | (142    | )              |   |   | 185          |   |   |         | — |   |   |   | (29,855 | ) |
| Deferred financing costs incurred                                             |   |   | (2      | )      |       |   | — |           |   |   | —      |   |   |         | — |   |   |   | (2 | ) |
| Other                                                                         |   |   | 1,075   |   |       |   | — |           |   |   | —      |   |   |         | — |   |   |   | 1,075 |   |
| Net cash used by financing activities from continuing operations              |   |   | (27,409 | )      |       |   | (142    | )              |   |   | (627         | )      |   |         | (1      | ) |   |   | (28,179 | ) |
| Net cash used by financing activities from discontinued operations            |   |   | — |   |       |   | — |           |   |   | (383         | )      |   |         | — |   |   |   | (383 | ) |
| Net cash used by financing activities                                         |   |   | (27,409 | )      |       |   | (142    | )              |   |   | (1,010       | )      |   |         | (1      | ) |   |   | (28,562 | ) |
| Effect of exchange rate changes on cash                                       |   |   | -       |   |       |   | (313    | )              |   |   | 5,191        |   |   |         | — |   |   |   | 4,878 |   |
| Net change in cash and cash equivalents                                       |   |   | 13,434  |   |       |   | 821     |           |   |   | 13,084       |   |   |         | — |   |   |   | 27,339 |   |
| Cash and cash equivalents at beginning of year.                               |   |   | 18,366  |   |       |   | (1,162  | )              |   |   | 31,451       |   |   |         | — |   |   |   | 48,655 |   |
| Cash and cash equivalents at end of year                                      |   | $      | 31,800  |   |       | $      | (341    | )              |   | $      | 44,535       |   |   | $            | — |   |   | $ | 75,994 |   |

----

|          |   | Year Ended March 31, |    |
|---------------|--------|---------------------------|---------|
|          |   | 2010                      |    |   | 2009 |   |   | 2008 |   |
| Net sales:    |   |                      |    |   |   |   |   |   |   |
| United States |   | $                         | 291,564 |   |   | $ | 420,498 |   |   | $ | 447,977 |   |
| Europe        |   |                      | 149,872 |   |   |   | 141,595 |   |   |   | 106,503 |   |
| Canada        |   |                      | 12,081  |   |   |   | 15,052 |   |   |   | 18,672 |   |
| Other         |   |                      | 22,666  |   |   |   | 29,563 |   |   |   | 20,634 |   |
| Total         |   | $                         | 476,183 |   |   | $ | 606,708 |   |   | $ | 593,786 |   |

|                              |   | Year Ended March 31, |    |
|-----------------------------------|--------|---------------------------|---------|
|                              |   | 2010                      |    |   | 2009 |   |   | 2008 |   |
| Total assets:                     |   |                      |    |   |   |   |   |   |   |
| United States                     |   | $                         | 302,210 |   |   | $ | 321,656 |   |   | $ | 399,462 |   |
| Europe                            |   |                      | 139,064 |   |   |   | 134,027 |   |   |   | 139,360 |   |
| Canada                            |   |                      | 13,943  |   |   |   | 8,422 |   |   |   | 15,464 |   |
| Other                             |   |                      | 26,280  |   |   |   | 27,559 |   |   |   | 13,414 |   |
| Assets of continuing operations   |   |                      | 481,497 |   |   |   | 491,664 |   |   |   | 567,700 |   |
| Assets of discontinued operations |   |                      | -       |   |   |   | - |   |   |   | 22,335 |   |
| Total                             |   | $                         | 481,497 |   |   | $ | 491,664 |   |   | $ | 590,035 |   |

|               |   | Year Ended March 31, |    |
|--------------------|--------|---------------------------|---------|
|               |   | 2010                      |    |   | 2009 |   |   | 2008 |   |
| Long-lived assets: |   |                      |    |   |   |   |   |   |   |
| United States      |   | $                         | 111,369 |   |   | $ | 113,043 |   |   | $ | 184,792 |   |
| Europe             |   |                      | 64,458  |   |   |   | 66,760 |   |   |   | 52,564 |   |
| Other              |   |                      | 5,444   |   |   |   | 7,379 |   |   |   | 3,440 |   |
| Total              |   | $                         | 181,271 |   |   | $ | 187,182 |   |   | $ | 240,796 |   |

|                         |   | Year Ended March 31, |    |
|------------------------------|--------|---------------------------|---------|
|                         |   | 2010                      |    |   | 2009 |   |   | 2008 |   |
| Hoists                       |   | $                         | 252,824 |   |   | $ | 331,822 |   |   | $ | 321,778 |   |
| Chain and forged attachments |   |                      | 95,862  |   |   |   | 132,492 |   |   |   | 142,966 |   |
| Industrial cranes            |   |                      | 41,170  |   |   |   | 59,868 |   |   |   | 63,327 |   |
| Other                        |   |                      | 86,327  |   |   |   | 82,526 |   |   |   | 65,715 |   |
| Total                        |   | $                         | 476,183 |   |   | $ | 606,708 |   |   | $ | 593,786 |   |

----

|                                        |   | Three Months Ended |    |
|---------------------------------------------|--------|--------------------|---------|
|                                        |   | June 30, 2009 |    |   | September 30, 2009 |   |   | December 31, 2009 |   |   | March 31, 2010 |   |
| Net sales                                   |   | $                  | 119,008 |   |   | $ | 115,234 |   |   | $ | 118,971 |   |   | $ | 122,970 |   |
| Gross profit                                |   |               | 29,430  |   |   |   | 28,051 |   |   |   | 26,825 |   |   |   | 31,633 |   |
| (Loss) income from operations               |   |               | (1,786  | ) |   |   | 543 |   |   |   | (2,543 | ) |   |   | (26 | ) |
| Net (loss) income                           |   | $                  | (2,398  | ) |   | $ | (2,731 | ) |   | $ | (2,344 | ) |   | $ | 460 |   |
|                                        |   |               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net (loss) income per share – basic   |   | $                  | (0.13   | ) |   | $ | (0.14 | ) |   | $ | (0.12 | ) |   | $ | 0.02 |   |
| Net (loss) income per share – diluted |   | $                  | (0.13   | ) |   | $ | (0.14 | ) |   | $ | (0.12 | ) |   | $ | 0.02 |   |

|                                        |   | Three Months Ended |    |
|---------------------------------------------|--------|--------------------|---------|
|                                        |   | June 29, 2008 |    |   | September 28, 2008 |   |   | December 28, 2008 |   |   | March 31, 2009 |   |
| Net sales                                   |   | $                  | 151,164 |   |   | $ | 154,680 |   |   | $ | 165,076 |   |   | $ | 135,788 |   |
| Gross profit                                |   |               | 48,525  |   |   |   | 45,572 |   |   |   | 44,791 |   |   |   | 34,813 |   |
| Income (loss) from operations               |   |               | 20,395  |   |   |   | 18,778 |   |   |   | 14,889 |   |   |   | (100,621 | ) |
| Net income (loss)                           |   | $                  | 9,670   |   |   | $ | 10,637 |   |   | $ | 3,813 |   |   | $ | (102,504 | ) |
|                                        |   |               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss) per share – basic   |   | $                  | 0.51    |   |   | $ | 0.56 |   |   | $ | 0.20 |   |   | $ | (5.43 | ) |
| Net income (loss) per share – diluted |   | $                  | 0.50    |   |   | $ | 0.55 |   |   | $ | 0.20 |   |   | $ | (5.43 | ) |

|                                                                      |   | March 31, |    |
|---------------------------------------------------------------------------|--------|----------------|---------|
|                                                                      |   | 2010           |    |   | 2009 |   |
| Net unrealized investment gain (loss) – net of tax                  |   | $              | 1,708   |   |   | $ | (317 | ) |
| Adjustment to pension liability– net of tax                         |   |           | (31,112 | ) |   |   | (34,336 | ) |
| Adjustment to other postretirement obligations – net of tax         |   |           | (2,497  | ) |   |   | (2,241 | ) |
| Adjustment to split-dollar life insurance arrangements – net of tax |   |           | (443    | ) |   |   | (638 | ) |
| Foreign currency translation adjustment – net of tax                |   |           | 4,076   |   |   |   | (713 | ) |
| Derivatives qualifying as hedges – net of tax                       |   |           | (58     | ) |   |   | - |   |
| Accumulated other comprehensive loss                                      |   | $              | (28,326 | ) |   | $ | (38,245 | ) |

----

|                                                              |   | Year Ended March 31, |   |
|-------------------------------------------------------------------|--------|---------------------------|--------|
|                                                              |   | 2010                      |   |   | 2009 |   |   | 2008 |   |
| Net unrealized investment (loss) gain at beginning of year        |   | $                         | (317   | ) |   | $ | (740 | ) |   | $ | 22 |   |
| Unrealized holdings gain (loss) arising during the period         |   |                      | 2,393  |   |   |   | (3,584 | ) |   |   | (674 | ) |
| Reclassification adjustments for (gain) loss included in earnings |   |                      | (368   | ) |   |   | 4,007 |   |   |   | (88 | ) |
| Net change in unrealized gain (loss) on investments               |   |                      | 2,025  |   |   |   | 423 |   |   |   | (762 | ) |
| Net unrealized investment gain (loss) at end of year              |   | $                         | 1,708  |   |   | $ | (317 | ) |   | $ | (740 | ) |

----

----

----

|                                        |   |                           |   |   | Additions                     |   |    |                      |   |   |       |   |
|---------------------------------------------|--------|--------------------------------|--------|--------|-------------------------------|--------|---------|---------------------------|--------|--------|------------|--------|
| Description                                 |   | Balance at Beginning of Period |   |   | Charged to Costs and Expenses |   |    | Charged to Other Accounts |   |   | Deductions |   |   | Balance at End of Period |   |
| Year ended March 31, 2010:             |   |                           |   |   |                          |   |    |                      |   |   |       |   |   |   |   |
| Deducted from asset accounts:               |   |                           |   |   |                          |   |    |                      |   |   |       |   |   |   |   |
| Allowance for doubtful accounts             |   | $                              | 5,338  |   |                          | $      | 553     |                      |   | $      | —    |   |   | $ | 1,651 | (1) |   | $ | 4,240 |   |
| Slow-moving and obsolete inventory          |   |                           | 8,624  |   |                          |   | 1,548   |                      |   |   | —    |   |   |   | 1,799 | (2) |   |   | 8,373 |   |
| Deferred tax asset valuation allowance      |   |                           | 1,594  |   |                          |   | — |                      |   |   | 15         |   |   |   | — |   |   |   | 1,609 |   |
| Total                                       |   | $                              | 15,556 |   |                          | $      | 2,101   |                      |   | $      | 15         |   |   | $ | 3,450 |   |   | $ | 14,222 |   |
| Reserves on balance sheet:                  |   |                           |   |   |                          |   |    |                      |   |   |       |   |   |   |   |   |   |   |   |   |
| Accrued general and product liability costs |   | $                              | 23,242 |   |                          | $      | 5,061   |                      |   | $      | —    |   |   | $ | 5,249 | (3) |   | $ | 23,054 |   |
|                                        |   |                           |   |   |                          |   |    |                      |   |   |       |   |   |   |   |   |   |   |   |   |
| Year ended March 31, 2009:             |   |                           |   |   |                          |   |    |                      |   |   |       |   |   |   |   |   |   |   |   |   |
| Deducted from asset accounts:               |   |                           |   |   |                          |   |    |                      |   |   |       |   |   |   |   |   |   |   |   |   |
| Allowance for doubtful accounts             |   | $                              | 3,583  |   |                          | $      | 2,447   |                      |   | $      | 370        | (4)    |   | $ | 1,062 | (1) |   | $ | 5,338 |   |
| Slow-moving and obsolete inventory          |   |                           | 8,735  |   |                          |   | 535     |                      |   |   | 644        | (4)    |   |   | 1,290 | (2) |   |   | 8,624 |   |
| Deferred tax asset valuation allowance      |   |                           | 1,064  |   |                          |   | — |                      |   |   | 530        | (4)    |   |   | — |   |   |   | 1,594 |   |
| Total                                       |   | $                              | 13,382 |   |                          | $      | 2,982   |                      |   | $      | 1,544      |   |   | $ | 2,352 |   |   | $ | 15,556 |   |
| Reserves on balance sheet:                  |   |                           |   |   |                          |   |    |                      |   |   |       |   |   |   |   |   |   |   |   |   |
| Accrued general and product liability costs |   | $                              | 20,771 |   |                          | $      | 4,052   |                      |   | $      | —    |   |   | $ | 1,581 | (3) |   | $ | 23,242 |   |
|                                        |   |                           |   |   |                          |   |    |                      |   |   |       |   |   |   |   |   |   |   |   |   |
| Year ended March 31, 2008:             |   |                           |   |   |                          |   |    |                      |   |   |       |   |   |   |   |   |   |   |   |   |
| Deducted from asset accounts:               |   |                           |   |   |                          |   |    |                      |   |   |       |   |   |   |   |   |   |   |   |   |
| Allowance for doubtful accounts             |   | $                              | 3,515  |   |                          | $      | 921     |                      |   | $      | —    |   |   | $ | 853 | (1) |   | $ | 3,583 |   |
| Slow-moving and obsolete inventory          |   |                           | 8,843  |   |                          |   | 1,549   |                      |   |   | —    |   |   |   | 1,657 | (2) |   |   | 8,735 |   |
| Deferred tax asset valuation allowance      |   |                           | 2,064  |   |                          |   | — |                      |   |   | —    |   |   |   | 1,000 |   |   |   | 1,064 |   |
| Total                                       |   | $                              | 14,422 |   |                          | $      | 2,470   |                      |   | $      | —    |   |   | $ | 3,510 |   |   | $ | 13,382 |   |
| Reserves on balance sheet:                  |   |                           |   |   |                          |   |    |                      |   |   |       |   |   |   |   |   |   |   |   |   |
| Accrued general and product liability costs |   | $                              | 21,078 |   |                          | $      | 2,201   |                      |   | $      | —    |   |   | $ | 2,508 | (3) |   | $ | 20,771 |   |

----

| (1)  | Uncollectible accounts written off, net of recoveries |
|-----------|-------------------------------------------------------|

| (2)  | Obsolete inventory disposals |
|-----------|------------------------------|

| (3)  | Insurance claims and expenses paid |
|-----------|------------------------------------|

| (4) | Reserves at date of acquisition of subsidiary |
|-----|-----------------------------------------------|

----