| UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.  20549                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
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|  FORM 10-Q                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|  For the quarterly period ended January 31, 2011 OR  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-05865                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| Gerber Scientific, Inc.(Exact name of registrant as specified in its charter)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Connecticut                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 06-0640743 |
| (State or other jurisdiction of incorporation or organization)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | (I.R.S. Employer Identification No.) |
| 24 Industrial Park Road West, Tolland, Connecticut(Address of principal executive offices)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 06084(Zip Code) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| Registrant's telephone number, including area code:  (860) 644-1551                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
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| Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes þ    No                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|  Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes    No                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.Large accelerated filer                                                                                Accelerated filer þ                               Non-accelerated filer  (Do not check if a smaller reporting company)       Smaller reporting company     |
| Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes     No þ                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 25,139,933 shares of common stock of the registrant were outstanding as of February 28, 2011, exclusive of treasury shares.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
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|          | GERBER SCIENTIFIC, INC.Index to Quarterly Reporton Form 10-QFiscal Quarter Ended January 31, 2011 |   |   |   |
|---------------|---------------------------------------------------------------------------------------------------|--------|--------|--------|
| PART I        |                                                                                              | PAGE   |   |
|          |                                                                                              |   |   |   |
| Item 1.       | Financial Statements                                                                              |   |   |   |
|          | Condensed Consolidated Statements of Operations (unaudited)                                       |   |   | 3-4    |   |
|          | Condensed Consolidated Balance Sheets (unaudited)                                                 |   |   | 5      |   |
|          | Condensed Consolidated Statements of Cash Flows (unaudited)                                       |   |   | 6      |   |
|          | Notes to Condensed Consolidated Financial Statements (unaudited)                                  |   |   | 7-18   |   |
| Item 2        | Management's Discussion and Analysis of Financial Condition and Results of Operations             |   |   | 19-32  |   |
| Item 3.       | Quantitative and Qualitative Disclosures about Market Risk                                        |   |   | 32     |   |
| Item 4.       | Controls and Procedures                                                                           |   |   | 32     |   |
|          |                                                                                              |   |   |   |   |
| PART II       |                                                                                              |   |   |   |
|          |                                                                                              |   |   |   |   |
| Item 1A.      | Risk Factors                                                                                      |   |   | 33     |   |
| Item 2.       | Unregistered Sales of Equity Securities and Use of Proceeds                                       |   |   | 33     |   |
| Item 5.       | Other Information                                                                                 |   |   | 33-34  |   |
| Item 6.       | Exhibits                                                                                          |   |   | 34     |   |
|          |                                                                                              |   |   |   |   |
| Signature     |                                                                                              |   | 35     |   |
| Exhibit Index |                                                                                              |   | 36     |   |

----

PART I – FINANCIAL INFORMATION

ITEM 1.    FINANCIAL STATEMENTS

Condensed Consolidated Statements of Operations

|                                                                                                   | For the Fiscal Quarters Ended January 31, |   |
|--------------------------------------------------------------------------------------------------------|-------------------------------------------|--------|
| In thousands, except per share data                                                                    |                                      | 2011   |   |   | 2010 |   |
| Revenue:                                                                                               |                                      |   |   |   |   |   |
|      Product sales                                                            |                                      | $      | 97,578 |   |   | $ | 84,931 |   |
|      Service sales                                                            |                                      |   | 14,376 |   |   |   | 14,290 |   |
|                                                                                                   |                                      |   | 111,954 |   |   |   | 99,221 |   |
| Cost of Sales:                                                                                         |                                      |   |   |   |   |   |   |   |
|      Cost of products sold                                                    |                                      |   | 65,557 |   |   |   | 60,666 |   |
|      Cost of services sold                                                    |                                      |   | 9,302 |   |   |   | 8,792 |   |
|                                                                                                   |                                      |   | 74,859 |   |   |   | 69,458 |   |
|                                                                                                   |                                      |   |   |   |   |   |   |   |
| Gross profit                                                                                           |                                      |   | 37,095 |   |   |   | 29,763 |   |
|                                                                                                   |                                      |   |   |   |   |   |   |   |
| Selling, general and administrative expenses                                                           |                                      |   | 29,907 |   |   |   | 25,288 |   |
| Research and development                                                                               |                                      |   | 4,070 |   |   |   | 3,717 |   |
| Restructuring and other expenses                                                                       |                                      |   | 642 |   |   |   | 1,472 |   |
| Operating income (loss)                                                                                |                                      |   | 2,476 |   |   |   | (714 | ) |
|                                                                                                   |                                      |   |   |   |   |   |   |   |
| Other income (expense), net                                                                            |                                      |   | (376 | ) |   |   | (33 | ) |
| Interest expense                                                                                       |                                      |   | (444 | ) |   |   | (1,048 | ) |
| Income (Loss) from continuing operations before income taxes                                           |                                      |   | 1,656 |   |   |   | (1,795 | ) |
| Income tax expense (benefit)                                                                           |                                      |   | 530 |   |   |   | (502 | ) |
| Income (Loss) from continuing operations                                                               |                                      |   | 1,126 |   |   |   | (1,293 | ) |
| Income from discontinued operations, net of income taxes of  $(547) and $(474), respectively | 602                                       |   |   |   | 484 |   |
| Net income (loss)                                                                                      |                                      | $      | 1,728 |   |   | $ | (809 | ) |
|                                                                                                   |                                      |   |   |   |   |   |   |   |
| Basic earnings (loss) per common share:                                                                |                                      |   |   |   |   |   |   |   |
|   Continuing operations                                                                      |                                      | $      | 0.04 |   |   | $ | (0.05 | ) |
|   Discontinued operations                                                                    |                                      |   | 0.02 |   |   |   | 0.02 |   |
| Basic earnings (loss) per common share1                                                                |                                      | $      | 0.07 |   |   | $ | (0.03 | ) |
| Diluted earnings (loss) per common share:                                                              |                                      |   |   |   |   |   |   |   |
|   Continuing operations                                                                      |                                      | $      | 0.04 |   |   | $ | (0.05 | ) |
|   Discontinued operations                                                                    |                                      |   | 0.02 |   |   |   | 0.02 |   |
| Diluted earnings (loss) per common share1                                                              |                                      | $      | 0.07 |   |   | $ | (0.03 | ) |
|                                                                                                   |                                      |   |   |   |   |   |   |   |
| Weighted Average Common Shares Outstanding:                                                            |                                      |   |   |   |   |   |   |   |
|   Basic                                                                                      |                                      |   | 25,136 |   |   |   | 25,195 |   |
|   Diluted                                                                                    |                                      |   | 25,223 |   |   |   | 25,195 |   |

----

|                                                                                                  | For the Nine Months Ended January 31, |   |
|-------------------------------------------------------------------------------------------------------|---------------------------------------|--------|
| In thousands, except per share data                                                                   |                                  | 2011   |   |   | 2010 |   |
| Revenue:                                                                                              |                                  |   |   |   |   |   |
|      Product sales                                                           |                                  | $      | 292,437 |   |   | $ | 259,346 |   |
|      Service sales                                                           |                                  |   | 43,385 |   |   |   | 44,097 |   |
|                                                                                                  |                                  |   | 335,822 |   |   |   | 303,443 |   |
| Cost of Sales:                                                                                        |                                  |   |   |   |   |   |   |   |
|      Cost of products sold                                                   |                                  |   | 203,407 |   |   |   | 189,002 |   |
|      Cost of services sold                                                   |                                  |   | 28,023 |   |   |   | 25,939 |   |
|                                                                                                  |                                  |   | 231,430 |   |   |   | 214,941 |   |
|                                                                                                  |                                  |   |   |   |   |   |   |   |
| Gross profit                                                                                          |                                  |   | 104,392 |   |   |   | 88,502 |   |
|                                                                                                  |                                  |   |   |   |   |   |   |   |
| Selling, general and administrative expenses                                                          |                                  |   | 84,405 |   |   |   | 73,863 |   |
| Research and development                                                                              |                                  |   | 11,653 |   |   |   | 10,909 |   |
| Restructuring and other expenses                                                                      |                                  |   | 2,977 |   |   |   | 2,014 |   |
| Operating income                                                                                      |                                  |   | 5,357 |   |   |   | 1,716 |   |
|                                                                                                  |                                  |   |   |   |   |   |   |   |
| Other income (expense), net                                                                           |                                  |   | (278 | ) |   |   | (1,308 | ) |
| Interest expense                                                                                      |                                  |   | (1,274 | ) |   |   | (2,256 | ) |
| Income (Loss) from continuing operations before income taxes                                          |                                  |   | 3,805 |   |   |   | (1,848 | ) |
| Income tax expense (benefit)                                                                          |                                  |   | 1,204 |   |   |   | (1,323 | ) |
| Income (Loss) from continuing operations                                                              |                                  |   | 2,601 |   |   |   | (525 | ) |
| (Loss) Income from discontinued operations, net of income taxes of $(83) and ($559) respectively | (15,456                               | )      |   |   | 689 |   |
| Net (loss) income                                                                                     |                                  | $      | (12,855 | ) |   | $ | 164 |   |
|                                                                                                  |                                  |   |   |   |   |   |   |   |
| Basic (loss) earnings per common share:                                                               |                                  |   |   |   |   |   |   |   |
|   Continuing operations                                                                     |                                  | $      | 0.10 |   |   | $ | (0.02 | ) |
|   Discontinued operations                                                                   |                                  |   | (0.62 | ) |   |   | 0.03 |   |
| Basic (loss) earnings per common share1                                                               |                                  | $      | (0.51 | ) |   | $ | 0.01 |   |
| Diluted (loss) earnings per common share:                                                             |                                  |   |   |   |   |   |   |   |
|   Continuing operations                                                                     |                                  | $      | 0.10 |   |   | $ | (0.02 | ) |
|   Discontinued operations                                                                   |                                  |   | (0.61 | ) |   |   | 0.03 |   |
| Diluted (loss) earnings per common share1                                                             |                                  | $      | (0.51 | ) |   | $ | 0.01 |   |
|                                                                                                  |                                  |   |   |   |   |   |   |   |
| Weighted Average Common Shares Outstanding:                                                           |                                  |   |   |   |   |   |   |   |
|   Basic                                                                                     |                                  |   | 25,131 |   |   |   | 24,904 |   |
|   Diluted                                                                                   |                                  |   | 25,197 |   |   |   | 24,904 |   |

----

Condensed Consolidated Balance Sheets

|                                                                       |   | January 31, |    |   | April 30, |   |
|----------------------------------------------------------------------------|--------|-------------|---------|--------|-----------|--------|
| In thousands                                                               |   | 2011        |    |   | 2010      |   |
| Assets:                                                                    |   |        |    |   |      |   |
| Current Assets:                                                            |   |        |    |   |      |   |
|      Cash and cash equivalents                    |   | $           | 11,206  |   |      | $      | 11,305 |   |
|      Accounts receivable, net                     |   |        | 66,415  |   |      |   | 80,925 |   |
|      Inventories                                  |   |        | 55,967  |   |      |   | 59,823 |   |
|      Deferred tax assets, net                     |   |        | 10,139  |   |      |   | 10,029 |   |
|      Prepaid expenses and other current assets    |   |        | 4,905   |   |      |   | 4,732 |   |
|         Total Current Assets       |   |        | 148,632 |   |      |   | 166,814 |   |
| Property, plant and equipment, net                                         |   |        | 30,877  |   |      |   | 32,223 |   |
| Goodwill                                                                   |   |        | 68,225  |   |      |   | 83,654 |   |
| Deferred tax assets, net                                                   |   |        | 47,011  |   |      |   | 48,362 |   |
| Other assets                                                               |   |        | 17,623  |   |      |   | 20,824 |   |
|         Total Assets               |   | $           | 312,368 |   |      | $      | 351,877 |   |
| Liabilities and Shareholders' Equity:                                      |   |        |    |   |      |   |   |   |
| Current Liabilities:                                                       |   |        |    |   |      |   |   |   |
|      Accounts payable                             |   | $           | 30,787  |   |      | $      | 39,185 |   |
|      Accrued compensation and benefits            |   |        | 16,654  |   |      |   | 15,997 |   |
|      Other liabilities                            |   |        | 23,953  |   |      |   | 22,080 |   |
|      Deferred revenue                             |   |        | 12,239  |   |      |   | 13,003 |   |
|         Total Current Liabilities  |   |        | 83,633  |   |      |   | 90,265 |   |
| Long-term debt                                                             |   |        | 20,000  |   |      |   | 45,000 |   |
| Accrued pension benefit liability                                          |   |        | 36,742  |   |      |   | 36,932 |   |
| Deferred tax liabilities, net                                              |   |        | 12,036  |   |      |   | 12,600 |   |
| Other long-term liabilities                                                |   |        | 9,132   |   |      |   | 8,874 |   |
|                                                                       |   |        |    |   |      |   |   |   |
| Commitments and contingencies                                              |   |        |    |   |      |   |   |   |
|  Shareholders' Equity:                                                |   |        |    |   |      |   |   |   |
|      Preferred stock                              |   |        | ---     |   |      |   | --- |   |
|      Common stock                                 |   |        | 256     |   |      |   | 257 |   |
|      Paid-in capital                              |   |        | 84,546  |   |      |   | 81,981 |   |
|      Retained earnings                            |   |        | 83,349  |   |      |   | 96,204 |   |
|      Treasury stock                               |   |        | (10,264 | )      |      |   | (10,855 | ) |
|      Accumulated other comprehensive loss         |   |        | (7,062  | )      |      |   | (9,381 | ) |
|         Total Shareholders' Equity |   |        | 150,825 |   |      |   | 158,206 |   |
| Total Liabilities and Shareholders' Equity                                 |   | $           | 312,368 |   |      | $      | 351,877 |   |

----

Condensed Consolidated Statements of Cash Flows

|                                                                                                                         | For the Nine Months Ended January 31, |   |
|------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|--------|
| In thousands                                                                                                                 |                                  | 2011   |   |   | 2010 |   |
| Cash flows from operating activities:                                                                                        |                                  |   |   |   |   |   |
|  Net (loss) income                                                                                                      |                                  | $      | (12,855 | ) |   | $ | 164 |   |
| Adjustments to reconcile net (loss) income to cash provided byoperating activities:                                     |                                  |   |   |   |   |   |   |   |
|        Depreciation and amortization                                                      |                                  |   | 5,838 |   |   |   | 7,250 |   |
|        Deferred income taxes                                                              |                                  |   | 495 |   |   |   | (2,430 | ) |
|        Stock-based compensation                                                           |                                  |   | 2,804 |   |   |   | 2,914 |   |
|        (Gain) Loss on sale of assets                                                      |                                  |   | (644 | ) |   |   | 2,328 |   |
|        Goodwill impairment                                                                |                                  |   | 16,888 |   |   |   | --- |   |
|        Other noncash items                                                                |                                  |   | 2,115 |   |   |   | 1,525 |   |
|        Changes in operating accounts, excluding effects of acquisitions and dispositions: |                                  |   |   |   |   |   |   |   |
|             Accounts receivable                                  |                                  |   | 8,382 |   |   |   | 13,785 |   |
|             Inventories                                          |                                  |   | (5,803 | ) |   |   | (233 | ) |
|             Prepaid expenses and other assets                    |                                  |   | 617 |   |   |   | (775 | ) |
|             Accounts payable and other liabilities               |                                  |   | (6,235 | ) |   |   | (1,717 | ) |
|             Accrued compensation and benefits                    |                                  |   | 193 |   |   |   | (3,333 | ) |
| Net cash provided by operating activities                                                                                    |                                  |   | 11,795 |   |   |   | 19,478 |   |
| Cash flows from investing activities:                                                                                        |                                  |   |   |   |   |   |   |   |
|    Capital expenditures                                                                                       |                                  |   | (3,622 | ) |   |   | (3,231 | ) |
|    Proceeds from sale of net assets                                                                           |                                  |   | 19,311 |   |   |   | 13,116 |   |
|    Proceeds from sale of available for sale investments                                                       |                                  |   | 751 |   |   |   | 149 |   |
|    Purchases of available for sale investments                                                                |                                  |   | (435 | ) |   |   | (113 | ) |
|    Business acquisitions                                                                                      |                                  |   | --- |   |   |   | (3,473 | ) |
|    Investments in intangible assets                                                                           |                                  |   | (258 | ) |   |   | (1,149 | ) |
| Net cash provided by investing activities                                                                                    |                                  |   | 15,747 |   |   |   | 5,299 |   |
| Cash flows from financing activities:                                                                                        |                                  |   |   |   |   |   |   |   |
|    Debt repayments                                                                                            |                                  |   | (78,831 | ) |   |   | (88,676 | ) |
|    Debt proceeds                                                                                              |                                  |   | 53,500 |   |   |   | 61,104 |   |
|    Debt issuance costs                                                                                        |                                  |   | (119 | ) |   |   | (494 | ) |
|    Common stock activity                                                                                      |                                  |   | (57 | ) |   |   | (190 | ) |
|    Payments on vendor financed debt                                                                           |                                  |   | (801 | ) |   |   | --- |   |
| Net cash used for financing activities                                                                                       |                                  |   | (26,308 | ) |   |   | (28,256 | ) |
| Effect of exchange rate changes on cash and cash equivalents                                                                 |                                  |   | (1,333 | ) |   |   | 1,087 |   |
| Decrease in cash and cash equivalents                                                                                        |                                  |   | (99 | ) |   |   | (2,392 | ) |
| Cash and cash equivalents at beginning of period                                                                             |                                  |   | 11,305 |   |   |   | 10,313 |   |
| Cash and cash equivalents at end of period                                                                                   |                                  | $      | 11,206 |   |   | $ | 7,921 |   |

----

Notes to Condensed Consolidated Financial Statements

|                                                              |   | January 31, |   |   | April 30, |   |
|-------------------------------------------------------------------|--------|-------------|--------|--------|-----------|--------|
| In thousands                                                      |   | 2011        |   |   | 2010      |   |
| Raw materials and purchased parts                                 |   | $           | 43,177 |   |      | $      | 49,400 |   |
| Work in process                                                   |   |        | 2,153  |   |      |   | 1,774 |   |
| Finished goods                                                    |   |        | 10,637 |   |      |   | 8,649 |   |
|         Total inventories |   | $           | 55,967 |   |      | $      | 59,823 |   |

----

|                                                                              |   | January 31, 2011    |   |   | April 30, 2010          |   |
|-----------------------------------------------------------------------------------|--------|---------------------|--------|--------|-------------------------|--------|
|   In thousands                                                          |   | GrossCarryingAmount |   |   | AccumulatedAmortization |   |   | GrossCarryingAmount |   |   | AccumulatedAmortization |   |
| Amortized intangible assets:                                                      |   |                |   |   |                    |   |   |   |   |   |   |   |
|    Patents                                                         |   | $                   | 4,913  |   |                    | $      | 2,689 |   |   | $ | 7,732 |   |   | $ | 3,641 |   |
|    Other                                                           |   |                | 8,457  |   |                    |   | 1,892 |   |   |   | 8,346 |   |   |   | 1,136 |   |
|         Total amortized intangible assets |   | $                   | 13,370 |   |                    | $      | 4,581 |   |   | $ | 16,078 |   |   | $ | 4,777 |   |

----

| In thousands                                         | Sign Making& SpecialtyGraphics |   | Apparel &Industrial |   | OphthalmicLensProcessing1 |   |   | Total  |   |
|------------------------------------------------------|------------------------------------|--------|-------------------------|--------|---------------------------|--------|--------|--------|--------|
| Balance as of April 30, 2010                         |                               |   |                    |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Gross goodwill                                       |                               | $      | 120,308                 |   |                      | $      | 39,411 |   |   | $ | 38,588 |   |   | $ | 198,307 |   |
| Accumulated impairment losses                        |                               |   | (92,953                 | )      |                      |   | ---    |   |   |   | (21,700 | ) |   |   | (114,653 | ) |
| Net balance as of April 30, 2010                     |                               | $      | 27,355                  |   |                      | $      | 39,411 |   |   | $ | 16,888 |   |   | $ | 83,654 |   |
| Effects of currency translation                      |                               |   | 1,041                   |   |                      |   | 418    |   |   |   | --- |   |   |   | 1,459 |   |
| Effect of Gerber Innovations segment change          |                               |   | (1,112                  | )      |                      |   | 1,112  |   |   |   | --- |   |   |   | --- |   |
| Goodwill impairment                                  |                               |   | ---                     |   |                      |   | ---    |   |   |   | (16,888 | ) |   |   | (16,888 | ) |
| Net balance as of January 31, 2011                   |                               | $      | 27,284                  |   |                      | $      | 40,941 |   |   | $ | --- |   |   | $ | 68,225 |   |
|                                                 |                               |   |                    |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Net balance as of January 31, 2011 was comprised of: |                               |   |                    |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Gross goodwill                                       |                               | $      | 120,237                 |   |                      | $      | 40,941 |   |   | $ | 38,588 |   |   | $ | 199,766 |   |
| Accumulated impairment losses                        |                               |   | (92,953                 | )      |                      |   | ---    |   |   |   | (38,588 | ) |   |   | (131,541 | ) |
| Net balance as of January 31, 2011                   |                               | $      | 27,284                  |   |                      | $      | 40,941 |   |   | $ | --- |   |   | $ | 68,225 |   |

|                                                                          |   | For the Fiscal QuartersEnded January 31, |   |   | For the Nine MonthsEnded January 31, |   |
|-------------------------------------------------------------------------------|--------|------------------------------------------|--------|--------|--------------------------------------|--------|
|  In thousands                                                            |   | 2011                                     |   |   | 2010                                 |   |   | 2011 |   |   | 2010 |   |
| Net income (loss)                                                             |   | $                                        | 1,728  |   |                                 | $      | (809 | ) |   | $ | (12,855 | ) |   | $ | 164 |   |
|                                                                          |   |                                     |   |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Other comprehensive income (loss):                                            |   |                                     |   |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
|     Foreign currency translation adjustments              |   |                                     | (685   | )      |                                 |   | (3,765 | ) |   |   | 1,933 |   |   |   | 11,346 |   |
|     Defined benefit pension plans activity, net of tax    |   |                                     | 119    |   |                                 |   | 96 |   |   |   | 357 |   |   |   | 288 |   |
|     Unrealized investment gain, net of tax                |   |                                     | 132    |   |                                 |   | 79 |   |   |   | 56 |   |   |   | 450 |   |
|     Net gain (loss) on derivative instruments, net of tax |   |                                     | 329    |   |                                 |   | 142 |   |   |   | (27 | ) |   |   | 258 |   |
| Total other comprehensive income (loss)                                       |   | $                                        | 1,623  |   |                                 | $      | (4,257 | ) |   | $  | (10,536 | ) |   | $  | 12,506 |   |

----

|                                                                                             |   | For the Fiscal QuartersEnded January 31, |    |   | For the Nine MonthsEnded January 31, |   |
|--------------------------------------------------------------------------------------------------|--------|------------------------------------------|---------|--------|--------------------------------------|--------|
|  In thousands                                                                               |   | 2011                                     |    |   | 2010                                 |   |   | 2011 |   |   | 2010 |   |
| Sign Making and Specialty Graphics:                                                              |   |                                     |    |   |                                 |   |   |   |   |   |   |   |
|   Gerber Scientific Products                                                           |   | $                                        | 8,703   |   |                                 | $      | 7,014 |   |   | $ | 29,266 |   |   | $ | 27,157 |   |
|   Spandex                                                                              |   |                                     | 53,548  |   |                                 |   | 49,785 |   |   |   | 164,291 |   |   |   | 157,591 |   |
| Sign Making and Specialty Graphics                                                               |   |                                     | 62,251  |   |                                 |   | 56,799 |   |   |   | 193,557 |   |   |   | 184,748 |   |
| Apparel and Industrial                                                                           |   |                                     | 49,703  |   |                                 |   | 42,610 |   |   |   | 142,275 |   |   |   | 119,667 |   |
| Intersegment revenue elimination                                                                 |   |                                     | ---     |   |                                 |   | (188 | ) |   |   | (10 | ) |   |   | (972 | ) |
|           Consolidated revenue                 |   | $                                        | 111,954 |   |                                 | $      | 99,221 |   |   | $  | 335,822 |   |   | $  | 303,443 |   |
|                                                                                             |   |                                     |    |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Sign Making and Specialty Graphics:                                                              |   |                                     |    |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
|   Gerber Scientific Products                                                           |   | $                                        | (727    | )      |                                 | $      | (2,112 | ) |   | $ | (3,120 | ) |   | $ | (3,990 | ) |
|   Spandex                                                                              |   |                                     | 4,126   |   |                                 |   | 2,727 |   |   |   | 13,128 |   |   |   | 9,230 |   |
| Sign Making and Specialty Graphics                                                               |   |                                     | 3,399   |   |                                 |   | 615 |   |   |   | 10,008 |   |   |   | 5,240 |   |
| Apparel and Industrial                                                                           |   |                                     | 6,338   |   |                                 |   | 4,712 |   |   |   | 14,972 |   |   |   | 13,481 |   |
| Unallocated                                                                                      |   |                                     | (492    | )      |                                 |   | (646 | ) |   |   | (1,935 | ) |   |   | (1,981 | ) |
|         Segment operating income                         |   |                                     | 9,245   |   |                                 |   | 4,681 |   |   |   | 23,045 |   |   |   | 16,740 |   |
| Corporate operating expenses                                                                     |   |                                     | (2,203  | )      |                                 |   | (2,176 | ) |   |   | (6,527 | ) |   |   | (6,910 | ) |
| Corporate unallocated company-wide expenses                                                      |   |                                     | (4,566  | )      |                                 |   | (3,219 | ) |   |   | (11,161 | ) |   |   | (8,114 | ) |
|           Consolidated operating income (loss) |   | $                                        | 2,476   |   |                                 | $      | (714 | ) |   | $ | 5,357 |   |   | $ | 1,716 |   |

|                                       |   | For the Fiscal Quarters Ended January 31, |   |
|--------------------------------------------|--------|-------------------------------------------|--------|
|                                       |   | 2011                                      |   |   | 2010 |   |
| In thousands except per share amounts      |   | Income from Continuing Operations         |   |   | AverageShares |   |   | PerShare |   |   | Loss from Continuing Operations |   |   | AverageShares |   |   | PerShare |   |
| Basic earnings (loss) per share            |   | $                                         | 1,126  |   |   |   | 25,136 |   |   | $ | 0.04 |   |   | $ | (1,293 | ) |   |   | 25,195 |   |   | $ | (0.05 | ) |
| Effect of dilutive options and awards |   |                                      | ---    |   |   |   | 87 |   |   |   | --- |   |   |   | --- |   |   |   | --- |   |   |   | --- |   |
| Diluted earnings (loss) per share          |   | $                                         | 1,126  |   |   |   | 25,223 |   |   | $ | 0.04 |   |   | $ | (1,293 | ) |   |   | 25,195 |   |   | $ | (0.05 | ) |

|                                       |   | For the Nine Months Ended January 31,  |   |
|--------------------------------------------|--------|----------------------------------------|--------|
|                                       |   | 2011                                   |   |   | 2010 |   |
| In thousands except per share amounts      |   | Income from Continuing Operations |   |   | AverageShares |   |   | PerShare |   |   | Loss from Continuing Operations |   |   | AverageShares |   |   | PerShare |   |
| Basic earnings (loss) per share            |   | $                                      | 2,601  |   |   |   | 25,131 |   |   | $ | 0.10 |   |   | $ | (525 | ) |   |   | 24,904 |   |   | $ | (0.02 | ) |
| Effect of dilutive options and awards |   |                                   | ---    |   |   |   | 66 |   |   |   | --- |   |   |   | --- |   |   |   | --- |   |   |   | --- |   |
| Diluted earnings (loss) per share          |   | $                                      | 2,601  |   |   |   | 25,197 |   |   | $ | 0.10 |   |   | $ | (525 | ) |   |   | 24,904 |   |   | $ | (0.02 | ) |

----

|                                    | For the Nine Months Ended January 31, |   |
|-----------------------------------------|---------------------------------------|--------|
| In thousands                            |                                  | 2011   |   |   | 2010 |   |
| Beginning balance                       |                                  | $      | 2,250 |   |   | $ | 2,815 |   |
| Warranties issued in the current period |                                  |   | 1,977 |   |   |   | 4,342 |   |
| Reductions for costs incurred           |                                  |   | (2,372 | ) |   |   | (4,128 | ) |
| Impact of business dispositions         |                                  |   | (368 | ) |   |   | (574 | ) |
| Ending balance                          |                                  | $      | 1,487 |   |   | $ | 2,455 |   |

|                           |   | For the Fiscal QuartersEnded January 31, |   |   | For the Nine MonthsEnded January 31, |   |
|--------------------------------|--------|------------------------------------------|--------|--------|--------------------------------------|--------|
|  In thousands             |   | 2011                                     |   |   | 2010                                 |   |   | 2011 |   |   | 2010 |   |
| Interest cost                  |   | $                                        | 1,652  |   |                                 | $      | 1,698 |   |   | $ | 4,958 |   |   | $ | 5,096 |   |
| Expected return on plan assets |   |                                     | (1,584 | )      |                                 |   | (1,316 | ) |   |   | (4,752 | ) |   |   | (3,948 | ) |
| Amortization of actuarial loss |   |                                     | 189    |   |                                 |   | 153 |   |   |   | 569 |   |   |   | 459 |   |
| Net periodic benefit cost      |   | $                                        | 257    |   |                                 | $      | 535 |   |   | $ | 775 |   |   | $ | 1,607 |   |

----

|                                                    |                         | Liabilities     |
|---------------------------------------------------------|------------------------------|-----------------|
|  In thousands                                      |  Balance Sheet Location | January 31,2011 | April 30, 2010 |   |
| Derivatives designated as hedging instruments:          |                         |            |   |   |   |   |
|     Foreign currency contracts      | Other liabilities            |            | $ | 523 |   |   | $ | --- |   |
|     Interest rate swap arrangements | Other liabilities       |            |   | --- |   |   |   |  479 |   |
|                                                    |                         |            | $ | 523 |   |   | $ | 479 |   |

|                                                                                                |  For the fiscal quarters ended January 31, |   |
|-----------------------------------------------------------------------------------------------------|-------------------------------------------------|--------|
| In thousands                                                                                        |                                            | 2011   |   | 2010 |   |
| Gain (Loss) recognized in Accumulated other comprehensive loss before tax effect                    |                                            | $      | 265 |   |   | $ | (71 |  ) |
| Loss reclassified from Accumulated other comprehensive loss to Interest expense (effective portion) |                                            | $      | (53 | ) |   | $ | (297 |  ) |
| Loss reclassified from Accumulated other comprehensive loss to Other expense (effective portion)    |                                            | $      | (206 | ) |   | $ | --- |   |

|                                                                                                |  For the nine months ended January 31, |   |
|-----------------------------------------------------------------------------------------------------|---------------------------------------------|--------|
| In thousands                                                                                        |                                        | 2011   |   | 2010 |   |
| Loss recognized in Accumulated other comprehensive loss before tax effect                           |                                        | $      | (793 | ) |   | $ | (404 |  ) |
| Loss reclassified from Accumulated other comprehensive loss to Interest Expense (effective portion) |                                        | $      | (496 | ) |   | $ | (815 |  ) |
| Loss reclassified from Accumulated other comprehensive loss to Other Expense (effective portion)    |                                        | $      | (1,038 | ) |   | $ | --- |   |

----

|                                               |   | January 31, 2011 |   |
|----------------------------------------------------|--------|------------------|--------|
|   In thousands                           |   | Total            |   |   | Quotedprices inactivemarkets(Level 1) |   | Significantotherobservableinputs(Level 2) |   |   | Significantunobservableinputs(Level 3) |   |
| Available for sale investments                     |   | $                | 3,677  |   |   | $ | 3,677 |   |   | $ | --- |   |   | $ | --- |   |
| Foreign exchange derivative contracts              |   |             | (523   | ) |   |   | --- |   |   |   | (523 | ) |   |   | --- |   |
| Estimated fair value of contingent consideration   |   |             | (3,241 | )  |   |   | --- |   |   |   | --- |   |   |   | (3,241 | ) |
| Estimated fair value for lease liability guarantee |   |             | (700   | ) |   |   | --- |   |   |   | --- |   |   |   | (700 | ) |
|     Total                      |   | $                | (787   | )  |   | $ | 3,677 |   |   | $ | (523 | ) |   | $ | (3,941 | ) |

|                                               |   | April 30, 2010 |   |
|----------------------------------------------------|--------|----------------|--------|
|   In thousands                           |   | Total          |   |   | Quotedprices inactivemarkets(Level 1) |   | Significantotherobservableinputs(Level 2) |   |   | Significantunobservableinputs(Level 3) |   |
| Available for sale investments                     |   | $              | 3,806  |   |   | $ | 3,806 |   |   | $ | --- |   |   | $ | --- |   |
| Interest rate swap agreements                      |   |           | (479   | ) |   |   | --- |   |   |   | (479 | ) |   |   | --- |   |
| Estimated fair value of contingent consideration   |   |           | (3,174 | )  |   |   | --- |   |   |   | --- |   |   |   | (3,174 | ) |
| Estimated fair value for lease liability guarantee |   |           | (700   | ) |   |   | --- |   |   |   | --- |   |   |   | (700 | ) |
|     Total                      |   | $              | (547   | )  |   | $ | 3,806 |   |   | $ | (479 | ) |   | $ | (3,874 | ) |

|         |   | January 31, 2011 |   |            | April 30, 2010 |                |
|--------------|--------|------------------|--------|-----------------|----------------|---------------------|
| In thousands |   | Cost             |   | UnrealizedGains |           | EstimatedFair Value |   |   | Cost |   |   | UnrealizedGains |   |   | EstimatedFair Value |   |
| Mutual fund  |   | $                | 2,489  |            |           | $                   | 1,188 |   |   | $ | 3,677  |   |   | $ | 2,707 |   |   | $ | 1,099 |   |   | $ | 3,806  |   |

----

----

| In thousands                               | For the nine months ended January 31, 2011 |   |
|--------------------------------------------|--------------------------------------------|--------|
| Sign Making and Specialty Graphics         |                                       |   |   |   |
|   Fiscal 2011 severance expenses |                                       | $      | 339 |   |
|   Cash payments                  |                                       |   | (294 | ) |
| Ending balance at January 31, 2011         |                                       | $      | 45 |   |
|                                       |                                       |   |   |   |
| Apparel and Industrial                     |                                       |   |   |   |
|   Fiscal 2011 severance expenses |                                       | $      | 858 |   |
|   Cash payments                  |                                       |   | (358 | ) |
| Ending balance at January 31, 2011         |                                       | $      | 500 |   |

| In thousands                       | For the nine months ended January 31, 2011 |   |
|------------------------------------|--------------------------------------------|--------|
| Sign Making and Specialty Graphics |                                       |   |   |
| Balance at April 30, 2010          |                                       | $      | 231 |   |
|   Cash payments          |                                       |   | (231 | ) |
| Ending balance at January 31, 2011 |                                       | $      | --- |   |
|                               |                                       |   |   |   |
| Apparel and Industrial             |                                       |   |   |   |
| Balance at April 30, 2010          |                                       | $      | 277 |   |
|   Cash payments          |                                       |   | (277 | ) |
| Ending balance at January 31, 2011 |                                       | $      | --- |   |
|                               |                                       |   |   |   |
| Corporate                          |                                       |   |   |   |
| Balance at April 30, 2010          |                                       | $      | 350 |   |
|   Cash payments          |                                       |   | (243 | ) |
| Ending balance at January 31, 2011 |                                       | $      | 107 |   |

----

|                                              |   | For the Fiscal QuartersEnded January 31, |   |   | For the Nine MonthsEnded January 31, |   |
|---------------------------------------------------|--------|------------------------------------------|--------|--------|--------------------------------------|--------|
| In thousands                                      |   | 2011                                     |   |   | 2010                                 |   |   | 2011 |   |   | 2010 |   |
| Revenue from discontinued operations              |   | $                                        | 5,877  |   |                                 | $      | 9,964 |   |   | $ | 29,636 |   |   | $ | 33,751 |   |
| Pretax income (loss) from discontinued operations |   | $                                        | 152    |   |                                 | $      | (16 | ) |   | $ | (15,346 | ) |   | $ | 3,302 |   |

|  In thousands                                 |   | December 31, 2010 |   |
|----------------------------------------------------|--------|-------------------|--------|
| Assets:                                            |   |              |   |
| Accounts receivable, net                           |   | $                 | 8,347  |   |
| Inventories                                        |   |              | 11,210 |   |
| Prepaid expenses and other current assets          |   |              | 253    |   |
|      Total current assets |   |              | 19,810 |   |
| Property, plant and equipment, net                 |   |              | 941    |   |
| Other assets                                       |   |              | 985    |   |
|      Total assets         |   | $                 | 21,736 |   |
| Liabilities:                                       |   |              |   |   |
| Accounts payable                                   |   | $                 | 2,696  |   |
| Accrued compensation and benefits                  |   |              | 419    |   |
| Other liabilities                                  |   |              | 793    |   |
| Deferred tax liabilities, net                      |   |              | 546    |   |
| Deferred revenue                                   |   |              | 396    |   |
|      Total liabilities    |   |              | 4,850  |   |
| Net assets                                         |   | $                 | 16,886 |   |

----

|                                              |   | For the Fiscal QuartersEnded January 31, |   |   | For the Nine MonthsEnded January 31, |   |
|---------------------------------------------------|--------|------------------------------------------|--------|--------|--------------------------------------|--------|
| In thousands                                      |   | 2011                                     |   |   | 2010                                 |   |   | 2011 |   |   | 2010 |   |
| Revenue from discontinued operations              |   | $                                        | ---    |   |                                 | $      | --- |   |   | $ | --- |   |   | $ | 5,973 |   |
| Pretax (loss) income from discontinued operations |   | $                                        | (97    | )      |                                 | $      | (181 | ) |   | $ | (97 | ) |   | $ | 618 |   |

|                                              |   | For the Fiscal QuartersEnded January 31, |   |   | For the Nine MonthsEnded January 31, |   |
|---------------------------------------------------|--------|------------------------------------------|--------|--------|--------------------------------------|--------|
| In thousands                                      |   | 2011                                     |   |   | 2010                                 |   |   | 2011 |   |   | 2010 |   |
| Revenue from discontinued operations              |   | $                                        | ---    |   |                                 | $      | --- |   |   | $ | --- |   |   | $ | 13,901 |   |
| Pretax income (loss) from discontinued operations |   | $                                        | ---    |   |                                 | $      | 21 |   |   | $ | (74 | ) |   | $ | (3,392 | ) |

|                                              |   | For the Fiscal QuartersEnded January 31, |   |   | For the Nine MonthsEnded January 31, |   |
|---------------------------------------------------|--------|------------------------------------------|--------|--------|--------------------------------------|--------|
| In thousands                                      |   | 2011                                     |   |   | 2010                                 |   |   | 2011 |   |   | 2010 |   |
| Revenue from discontinued operations              |   | $                                        | ---    |   |                                 | $      | --- |   |   | $ | --- |   |   | $ | 1,234 |   |
| Pretax income (loss) from discontinued operations |   | $                                        | ---    |   |                                 | $      | 114 |   |   | $ | --- |   |   | $ | (266 | ) |

|                                              |   | For the Fiscal QuartersEnded January 31, |   |   | For the Nine MonthsEnded January 31, |   |
|---------------------------------------------------|--------|------------------------------------------|--------|--------|--------------------------------------|--------|
| In thousands                                      |   | 2011                                     |   |   | 2010                                 |   |   | 2011 |   |   | 2010 |   |
| Revenue from discontinued operations              |   | $                                        | ---    |   |                                 | $      | 482 |   |   | $ | --- |   |   | $ | 1,503 |   |
| Pretax (loss) income from discontinued operations |   | $                                        | ---    |   |                                 | $      | (10 | ) |   | $ | (28 | ) |   | $ | 15 |   |

|                                              |   | For the Fiscal QuartersEnded January 31, |   |   | For the Nine MonthsEnded January 31, |   |
|---------------------------------------------------|--------|------------------------------------------|--------|--------|--------------------------------------|--------|
| In thousands                                      |   | 2011                                     |   |   | 2010                                 |   |   | 2011 |   |   | 2010 |   |
| Revenue from discontinued operations              |   | $                                        | ---    |   |                                 | $      | 1,004 |   |   | $ | --- |   |   | $ | 2,722 |   |
| Pretax income (loss) from discontinued operations |   | $                                        | ---    |   |                                 | $      | 82 |   |   | $ | 6 |   |   | $ | (147 | ) |

----

----

ITEM 2.    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

| ·   | expected financial condition, future earnings, levels of growth, or other measures of financial performance, or the future size of market segments or geographic markets; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | economic conditions; |
|--------------------|----------------------|

| ·   | planned cost reductions; |
|--------------------|--------------------------|

| ·   | future cash flows and uses of cash and debt reduction strategies; |
|--------------------|-------------------------------------------------------------------|

| ·   | prospective product developments and business growth opportunities, as well as product developments by competitors; |
|--------------------|---------------------------------------------------------------------------------------------------------------------|

| ·   | demand for products and services; |
|--------------------|-----------------------------------|

| ·   | methods of and costs associated with potential geographic expansion; |
|--------------------|----------------------------------------------------------------------|

| ·   | regulatory and market developments and the impact of such developments on future operating results; |
|--------------------|-----------------------------------------------------------------------------------------------------|

| ·   | potential impacts from credit market risk; |
|--------------------|--------------------------------------------|

| ·   | future effective income tax rates; |
|--------------------|------------------------------------|

| ·   | the outcome of contingencies; |
|--------------------|-------------------------------|

| ·   | the availability and cost of raw materials; and |
|--------------------|-------------------------------------------------|

| ·   | pension plan assumptions and future contributions. |
|--------------------|----------------------------------------------------|

----

----

|                   |   | For the Fiscal Quarters EndedJanuary 31, |    |   | For the Nine Months EndedJanuary 31, |   |
|------------------------|--------|------------------------------------------|---------|--------|--------------------------------------|--------|
| In thousands           |   | 2011                                     |    |   | 2010                                 |   |   | Percent Change |   |   | 2011 |   |   | 2010 |   |   | Percent Change |   |
| Equipment and software |   | $                                        | 35,462  |   |                                 | $      | 27,437 |   |   |   | 29.2 | % |   | $ | 97,147 |   |   | $ | 75,270 |   |   |   | 29.1 | % |
| Aftermarket supplies   |   |                                     | 62,116  |   |                                 |   | 57,494 |   |   |   | 8.0 | % |   |   | 195,290 |   |   |   | 184,076 |   |   |   | 6.1 | % |
| Service                |   |                                     | 14,376  |   |                                 |   | 14,290 |   |   |   | 0.6 | % |   |   | 43,385 |   |   |   | 44,097 |   |   |   | (1.6 | %) |
| Total revenue          |   | $                                        | 111,954 |   |                                 | $      | 99,221 |   |   |   | 12.8 | % |   | $ | 335,822 |   |   | $ | 303,443 |   |   |   | 10.7 | % |

----

|  In thousands                                   |   | January 31,2011 |   |   | April 30,2010 |   |
|------------------------------------------------------|--------|-----------------|--------|--------|---------------|--------|
| Backlog:                                             |   |            |   |   |          |   |
|    Sign Making and Specialty Graphics |   | $               | 1,678  |   |          | $      | 767 |   |
|    Apparel and Industrial             |   |            | 28,086 |   |          |   | 25,886 |   |
|                                                 |   | $               | 29,764 |   |          | $      | 26,653 |   |

|                | For the Fiscal Quarters EndedJanuary 31, |   | For the Nine Months EndedJanuary 31, |   |
|---------------------|------------------------------------------|--------|--------------------------------------|--------|
| In thousands        | 2011                                     |   | 2010                                 |   |   | Percent Change |   | 2011 |   | 2010 |   |   | Percent Change |   |
| Gross profit        |                                     | $      | 37,095                               |   |   | $ | 29,763 |   |   |   | 24.6 | % |   | $ | 104,392 |   |   | $ | 88,502 |   |   |   | 18.0 | % |
| Gross profit margin |                                     |   | 33.1                                 | %      |   |   | 30.0 | % |   |   |   |   |   |   | 31.1 | % |   |   | 29.2 | % |   |   |   |   |

|                                         | For the Fiscal Quarters EndedJanuary 31, |   | For the Nine Months EndedJanuary 31, |   |
|----------------------------------------------|------------------------------------------|--------|--------------------------------------|--------|
| In thousands                                 | 2011                                     |   | 2010                                 |   |   | PercentChange |   | 2011 |   | 2010 |   |   | PercentChange |   |
| Selling, general and administrative expenses |                                     | $      | 29,907                               |   |   | $ | 25,288 |   |   |   | 18.3 | % |   | $ | 84,405 |   |   | $ | 73,863 |   |   |   | 14.3 | % |
| Percentage of revenue                        |                                     |   | 26.7                                 | %      |   |   | 25.5 | % |   |   |   |   |   |   | 25.1 | % |   |   | 24.3 | % |   |   |   |   |

----

|                     |   | For the Fiscal Quarters EndedJanuary 31, |   |   | For the Nine Months EndedJanuary 31, |    |
|--------------------------|--------|------------------------------------------|--------|--------|--------------------------------------|--------------|
| In thousands             |   | 2011                                     |   |   | 2010                                 |         |   | PercentChange |   |   | 2011 |   |   | 2010 |   |   | PercentChange |   |
| Research and development |   | $                                        | 4,070  |   |                                 | $            | 3,717 |   |   |   | 9.5 | % |   | $ | 11,653 |   |   | $ | 10,909 |   |   |   | 6.8 | % |
| Percentage of revenue    |   |                                     | 3.6    | %      |                                 |         | 3.7 | % |   |   |   |   |   |   | 3.5 | % |   |   | 3.6 | % |   |   |   |   |

|                             |   | For the Fiscal Quarters EndedJanuary 31, |   |   | For the Nine Months EndedJanuary 31, |   |
|----------------------------------|--------|------------------------------------------|--------|--------|--------------------------------------|--------|
| In thousands                     |   | 2011                                     |   |   | 2010                                 |   |   | 2011 |   |   | 2010 |   |
| Restructuring and other expenses |   | $                                        | 642    |   |                                 | $      | 1,472 |   |   | $ | 2,977 |   |   | $ | 2,014 |   |

----

|                        |   | For the Fiscal Quarters EndedJanuary 31, |   |    | For the Nine Months EndedJanuary 31, |   |
|-----------------------------|--------|------------------------------------------|--------|---------|--------------------------------------|--------|
| In thousands                |   | 2011                                     |   |    | 2010                                 |   |   | 2011 |   |   | 2010 |   |
| Other income (expense), net |   | $                                        | (376   | )  |                                 | $      | (33 | )  |   | $ | (278 | )  |   | $ | (1,308 | )  |

|                                           |   | For the Fiscal Quarters EndedJanuary 31, |   | For the Nine Months EndedJanuary 31, |   |
|------------------------------------------------|--------|------------------------------------------|--------|--------------------------------------|--------|
| In thousands                                   |   | 2011                                     |   |                                 | 2010   |   |   | PercentChange |   |   | 2011 |   |   | 2010 |   |   | PercentChange |   |
| Interest expense                               |   | $                                        | 444    |                                 |   | $ | 1,048 |   |   |   | (57.6 | %) |   | $ | 1,274 |   |   | $ | 2,256 |   |   |   | (43.5 | %) |
| Weighted-average credit facility interest rate |   |                                     | 5.9    | %                                    |   |   | 8.1 | % |   |   |   |   |   |   | 6.5 | % |   |   | 7.3 | % |   |   |   |   |

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|               |   | For the Fiscal Quarters EndedJanuary 31, |   |   | For the Nine Months EndedJanuary 31, |   |
|--------------------|--------|------------------------------------------|--------|--------|--------------------------------------|--------|
|               |   | 2011                                     |   |   | 2010                                 |   |   | 2011 |   |   | 2010 |   |
| Effective tax rate |   |                                     | 32.0   | %      |                                 |   | 28.0 | % |   |   | 31.6 | % |   |   | 71.6 | % |

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| Operating Segment                  | Principal Business                               |
|------------------------------------|--------------------------------------------------|
| Sign Making and Specialty Graphics | Gerber Scientific Products ("GSP") and Spandex   |
| Apparel and Industrial             | Gerber Technology, Virtek and Gerber Innovations |

|                    |   | For the Fiscal Quarters Ended January 31, |   |
|-------------------------|--------|-------------------------------------------|--------|
|                    |   | 2011                                      |   |   | 2010 |   |
| In thousands            |   | GSP                                       |   |   | Spandex |   |   | Total |   |   | GSP |   |   | Spandex |   |   | Total |   |
| Revenue                 |   | $                                         | 8,703  |   |   | $ | 53,548 |   |   | $ | 62,251 |   |   | $ | 7,014 |   |   | $ | 49,785 |   |   | $ | 56,799 |   |
| Operating (loss) income |   | $                                         | (727   | ) |   | $ | 4,126 |   |   | $ | 3,399 |   |   | $ | (2,112 | ) |   | $ | 2,727 |   |   | $ | 615 |   |

|                    |   | For the Nine Months Ended January 31, |   |
|-------------------------|--------|---------------------------------------|--------|
|                    |   | 2011                                  |   |   | 2010 |   |
| In thousands            |   | GSP                                   |   |   | Spandex |   |   | Total |   |   | GSP |   |   | Spandex |   |   | Total |   |
| Revenue                 |   | $                                     | 29,266 |   |   | $ | 164,291 |   |   | $ | 193,557 |   |   | $ | 27,157 |   |   | $ | 157,591 |   |   | $ | 184,748 |   |
| Operating (loss) income |   | $                                     | (3,120 | ) |   | $ | 13,128 |   |   | $ | 10,008 |   |   | $ | (3,990 | ) |   | $ | 9,230 |   |   | $ | 5,240 |   |

----

|                     |   | For the Fiscal Quarters EndedJanuary 31, |   |   | For the Nine Months EndedJanuary 31, |   |
|--------------------------|--------|------------------------------------------|--------|--------|--------------------------------------|--------|
| In thousands             |   | 2011                                     |   |   | 2010                                 |   |   | 2011 |   |   | 2010 |   |
| Revenue                  |   | $                                        | 49,703 |   |                                 | $      | 42,610 |   |   | $ | 142,275 |   |   | $ | 119,667 |   |
| Segment operating income |   | $                                        | 6,338  |   |                                 | $      | 4,712 |   |   | $ | 14,972 |   |   | $ | 13,481 |   |

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|                 |   | For the Fiscal Quarters EndedJanuary 31, |   |   | For the Nine Months EndedJanuary 31, |   |
|----------------------|--------|------------------------------------------|--------|--------|--------------------------------------|--------|
| In thousands         |   | 2011                                     |   |   | 2010                                 |   |   | 2011 |   |   | 2010 |   |
| Unallocated expenses |   | $                                        | 492    |   |                                 | $      | 646 |   |   | $ | 1,935 |   |   | $ | 1,981 |   |

|                              |   | For the Fiscal Quarters EndedJanuary 31, |   |   | For the Nine Months EndedJanuary 31, |   |
|-----------------------------------|--------|------------------------------------------|--------|--------|--------------------------------------|--------|
| In thousands                      |   | 2011                                     |   |   | 2010                                 |   |   | 2011 |   |   | 2010 |   |
| Corporate operating expenses      |   | $                                        | 2,203  |   |                                 | $      | 2,176 |   |   | $ | 6,527 |   |   | $ | 6,910 |   |
| Unallocated company-wide expenses |   |                                     | 4,566  |   |                                 |   | 3,219 |   |   |   | 11,161 |   |   |   | 8,114 |   |
| Operating expenses                |   | $                                        | 6,769  |   |                                 | $      | 5,395 |   |   | $ | 17,688 |   |   | $ | 15,024 |   |

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| In thousands except ratio amounts                         |   | January 31, 2011 |    |   | April 30, 2010 |   |
|-----------------------------------------------------------|--------|-----------------------|---------|--------|----------------|--------|
| Cash and cash equivalents                                 |   | $                     | 11,206  |   |           | $      | 11,305 |   |
| Working capital                                           |   | $                     | 64,999  |   |           | $      | 76,549 |   |
| Total debt                                                |   | $                     | 20,000  |   |           | $      | 45,000 |   |
| Net debt (total debt less cash and cash equivalents) |   | $                     | 8,794   |   |           | $      | 33,695 |   |
| Shareholders' equity                                      |   | $                     | 150,825 |   |           | $      | 158,206 |   |
| Total capital (net debt plus shareholders' equity)        |   | $                     | 159,619 |   |           | $      | 191,901 |   |
| Current ratio                                             |   | 1.78:1                |    |   | 1.85:1         |   |
| Net debt-to-total capital ratio                           |   |                  | 5.5     | %      |           |   | 17.6 | % |

|                                        | For the Nine Months Ended January 31, |   |
|---------------------------------------------|---------------------------------------|--------|
| In thousands                                |                                  | 2011   |   |   | 2010 |   |
| Cash flows provided by operating activities |                                  | $      | 11,795 |   |   | $ | 19,478 |   |
| Cash flows provided by investing activities |                                  | $      | 15,747 |   |   | $ | 5,299 |   |
| Cash flows used in financing activities     |                                  | $      | (26,308 | )  |   | $ | (28,256 | ) |

----

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| Covenant                                           | Requirement         | Actual as of January 31, 2011 |
|----------------------------------------------------|---------------------|-------------------------------|
| Total Funded Debt to Consolidated EBITDA           | Less than 3.25:1    | 1.01:1                        |
| Consolidated EBIT to Consolidated Interest Expense | Greater than 3.00:1 | 12.52:1                       |

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ITEM 3.     QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 4.     CONTROLS AND PROCEDURES

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PART II -  OTHER INFORMATION

ITEM 1A.  RISK FACTORS

ITEM 2.     UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

| Period                                                    |   | (a)TotalNumberof Shares(or Units)Purchased |   |   | (b)AveragePricePaid perShare(or Unit) |   | (c)Total Number ofShares (or Units)Purchased as Partof PubliclyAnnounced Plansor Programs | (d)MaximumNumber (orApproximateDollar Value)of Shares (or Units)that May Yet BePurchased Under thePlans or Programs |
|-----------------------------------------------------------|--------|--------------------------------------------|--------|--------|---------------------------------------|--------|-------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------|
| November 1, 2010 – November 30, 2010                |   |                                       | ---    |   |                                  | $      | ---                                                                                       |                                                                                                                | Not applicable | Not applicable |
| December  1, 2010 – December 31, 2010 (1) |   |                                       | 23,729 |   |                                  |   | 7.77                                                                                      |                                                                                                                | Not applicable | Not applicable |
| January 1, 2011 – January 31, 2011                  |   |                                       | ---    |   |                                  |   | ---                                                                                       |                                                                                                                | Not applicable | Not applicable |
|                                                      |   |                                       | 23,729 |   |                                  | $      | 7.77                                                                                      |                                                                                                                | Not applicable | Not applicable |

ITEM 5.     OTHER INFORMATION

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ITEM 6.     EXHIBITS

| Exhibit Number |   | Description |
|----------------|--------|-------------|
|           |   |        |
|           | 2.1    |        | Asset Purchase Agreement, dated as of December 2, 2010, among Gerber Scientific International, Inc., Coburn Technologies, Inc. and Edward G. Jepsen (incorporated herein by reference to Exhibit 2.1 to Gerber Scientific, Inc.’s Current Report on Form 8-K filed on December 2, 2010). |
|           |   |        |   |
|           | 10.1   |        | Consent and Fourth Amendment to Credit Agreement, dated as of December 1, 2010, among the Company, certain subsidiaries of the Company, Bank of America, N.A. and HSBC Bank USA, National Association, JPMorgan Chase Bank, N.A., Merrill Lynch Capital Corporation, Sovereign Bank, and RBS Citizens, N.A. as lead arranger, filed herewith. |
|           |   |        |   |
|           | 10.2   |        | Amended and Restated Credit and Guaranty Agreement, dated as of March 1, 2011, among the Company, certain subsidiaries of the Company, Bank of America, N.A. and HSBC Bank USA, National Association, as lenders, Sovereign Bank as lender and documentation agent, and RBS Citizens, N.A. as lender, lead arranger, bookrunner and administrative agent, filed herewith. |
|           |   |        |   |
|           | 31.1   |        | Certification of Chief Executive Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, filed herewith. |
|           |   |        |   |
|           | 31.2   |        | Certification of Chief Financial Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, filed herewith. |
|           |   |        |   |
|           | 32     |        | Certification of Chief Executive Officer and Chief Financial Officer pursuant to Rule 13a-14(b) or 15d-14(b) under the Securities Exchange Act of 1934 and to 18 U.S.C. 1350, filed herewith. |

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SIGNATURE

|          | GERBER SCIENTIFIC, INC.                                                                                                                                    |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------|
| March 7, 2011 | By:                                                                                                                                                        |                                                                              /s/    Michael R. Elia                  |
|          |  Michael R. EliaExecutive Vice President, Chief Financial Officer and Chief Accounting Officer(Principal Financial and  Accounting Officer) |

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Exhibit Index

| Exhibit Number |   | Description |
|----------------|--------|-------------|
|           |   |        |
|           | 2.1    |        | Asset Purchase Agreement, dated as of December 2, 2010, among Gerber Scientific International, Inc., Coburn Technologies, Inc. and Edward G. Jepsen (incorporated herein by reference to Exhibit 2.1 to Gerber Scientific, Inc.’s Current Report on Form 8-K filed on December 2, 2010). |
|           |   |        |   |
|           | 10.1   |        | Consent and Fourth Amendment to Credit Agreement, dated as of December 1, 2010, among the Company, certain subsidiaries of the Company, Bank of America, N.A. and HSBC Bank USA, National Association, JPMorgan Chase Bank, N.A., Merrill Lynch Capital Corporation, Sovereign Bank, and RBS Citizens, N.A. as lead arranger, filed herewith. |
|           |   |        |   |
|           | 10.2   |        | Amended and Restated Credit and Guaranty Agreement, dated as of March 1, 2011, among the Company, certain subsidiaries of the Company, Bank of America, N.A. and HSBC Bank USA, National Association as lenders, Sovereign Bank as lender and documentation agent, and RBS Citizens, N.A. as lender, lead arranger, bookrunner and administrative agent, filed herewith. |
|           |   |        |   |
|           | 31.1   |        | Certification of Chief Executive Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, filed herewith. |
|           |   |        |   |
|           | 31.2   |        | Certification of Chief Financial Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, filed herewith. |
|           |   |        |   |
|           | 32     |        | Certification of Chief Executive Officer and Chief Financial Officer pursuant to Rule 13a-14(b) or 15d-14(b) under the Securities Exchange Act of 1934 and to 18 U.S.C. 1350, filed herewith. |

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