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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549





FORM 10-Q







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

For the quarterly period ended April 1, 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 333-116673





DA-LITE SCREEN COMPANY, INC.

(Exact Name of Registrant as Specified in its Charter)







|                                                               |  |                                        
|-------------------------------------------------------------- |  | ---------------------------------------
|Indiana                                                        |  | 35-1013951                             
|(State or Other Jurisdiction of
Incorporation or Organization) |  | (I.R.S. Employer Identification Number)



|                                                        |  |           
|------------------------------------------------------- |  | ----------
|3100 North Detroit Street, P.O. Box 137
Warsaw, Indiana |  | 46581-0137
|(Address of Principal Executive Offices)                |  | (Zip Code)

Registrants telephone number, including area code: (574) 267-8101

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act: None





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  x    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 definition of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act, or a smaller reporting company (Check one):



|                        |  |   |  |                           |  |  
|----------------------- |  | - |  | ------------------------- |  | -
|Large accelerated filer |  |  ̈ |  | Accelerated filer         |  |  ̈
|                        |  |   | 
|Non-accelerated filer   |  | x |  | 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  x

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   ̈

As of May 16, 2011, there were 5,413,815 shares of the registrants common stock outstanding (all of which are privately owned
and are not traded on any public market).









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TABLE OF CONTENTS



|        |  |                                                                                       |  |      |    | 
|------- |  | ------------------------------------------------------------------------------------- |  | ---- | -- | 
|        |  |                                                                                       |  | Page |   
|PART I  |  | Financial Information                                                                 |  |      |    | 
|        |  |                                                                                      
|Item 1. |  | Condensed Consolidated Financial Statements (unaudited)                               |  |      | 1  | 
|        |  |                                                                                      
|Item 2. |  | Managements Discussion and Analysis of Financial Condition and Results of Operations |  |      | 11 | 
|        |  |                                                                                      
|Item 3. |  | Quantitative and Qualitative Disclosures About Market Risk                            |  |      | 16 | 
|        |  |                                                                                      
|Item 4. |  | Controls and Procedures                                                               |  |      | 17 | 
|        |  |                                                                                      
|PART II |  | Other Information                                                                     |  |      |    | 
|        |  |                                                                                      
|Item 2. |  | Unregistered Sales of Equity Securities and Use of Proceeds                           |  |      | 18 | 
|        |  |                                                                                      
|Item 6. |  | Exhibits                                                                              |  |      | 18 | 
|        |  |                                                                                      
|        |  | Signatures                                                                            |  |      | 19 | 
|        |  |                                                                                      
|        |  | Exhibit Index                                                                         |  |      | 20 | 



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PART I

FINANCIAL INFORMATION



|Item 1. | Condensed Consolidated Financial Statements.
|------- | --------------------------------------------

DA-LITE SCREEN COMPANY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED
BALANCE SHEETS

(Dollars in thousands, except share and par value amounts)



|                                                                                                      |  |                              |         |   |                       |   |         |  
|----------------------------------------------------------------------------------------------------- |  | ---------------------------- | ------- | - | --------------------- | - | ------- | -
|                                                                                                      |  | (Unaudited)As ofApril
1,2011 |         |   | As
ofDecember 31,2010 |  
|Assets                                                                                                |  |                              |         |   |                       |   |         |  
|Current Assets:                                                                                       |  |                              |         |   |                       |   |         |  
|Cash and cash equivalents                                                                             |  | $                            | 1,408   |   |                       | $ | 1,175   |  
|Accounts receivable, less allowance for doubtful accounts                                             |  |                              | 14,991  |   |                       |   | 15,462  |  
|Inventories                                                                                           |  |                              | 8,839   |   |                       |   | 8,683   |  
|Prepaid expenses and other                                                                            |  |                              | 2,375   |   |                       |   | 2,190   |  
|Prepaid income taxes                                                                                  |  |                              | 280     |   |                       |   | 218     |  
|                                                                                                      |  |                              |         |   |                       |   |         |  
|Total current assets                                                                                  |  |                              | 27,893  |   |                       |   | 27,728  |  
|                                                                                                      |  |                              |         |   |                       |   |         |  
|                                                                                                      |  |                             
|Property, plant and equipment                                                                         |  |                              | 61,143  |   |                       |   | 59,969  |  
|Less accumulated depreciation                                                                         |  |                              | 46,694  |   |                       |   | 45,497  |  
|                                                                                                      |  |                              |         |   |                       |   |         |  
|Net property, plant, and equipment                                                                    |  |                              | 14,449  |   |                       |   | 14,472  |  
|                                                                                                      |  |                              |         |   |                       |   |         |  
|Goodwill                                                                                              |  |                              | 20,440  |   |                       |   | 20,440  |  
|Other assets, net                                                                                     |  |                              | 3,226   |   |                       |   | 3,253   |  
|                                                                                                      |  |                              |         |   |                       |   |         |  
|                                                                                                      |  | $                            | 66,008  |   |                       | $ | 65,893  |  
|                                                                                                      |  |                              |         |   |                       |   |         |  
|                                                                                                      |  |                             
|Liabilities and Stockholders Deficit                                                                 |  |                              |         |   |                       |   |         |  
|Current liabilities:                                                                                  |  |                              |         |   |                       |   |         |  
|Accounts payable                                                                                      |  | $                            | 2,627   |   |                       | $ | 2,778   |  
|Accrued expenses                                                                                      |  |                              |         |   |                       |   |         |  
|Interest                                                                                              |  |                              |        |   |                       |   | 2,945   |  
|Vacation                                                                                              |  |                              | 1,337   |   |                       |   | 1,249   |  
|Other                                                                                                 |  |                              | 2,810   |   |                       |   | 3,414   |  
|                                                                                                      |  |                              |         |   |                       |   |         |  
|Total accrued expenses                                                                                |  |                              | 4,147   |   |                       |   | 7,608   |  
|                                                                                                      |  |                              |         |   |                       |   |         |  
|Total current liabilities                                                                             |  |                              | 6,774   |   |                       |   | 10,386  |  
|Long-term debt                                                                                        |  |                              | 92,214  |   |                       |   | 92,089  |  
|                                                                                                      |  |                              |         |   |                       |   |         |  
|Total liabilities                                                                                     |  |                              | 98,988  |   |                       |   | 102,475 |  
|                                                                                                      |  |                              |         |   |                       |   |         |  
|                                                                                                      |  |                             
|Commitments and contingencies (Note 8)                                                                |  |                              |         |   |                       |   |         |  
|                                                                                                      |  |                             
|Stockholders deficit:                                                                                |  |                              |         |   |                       |   |         |  
|Common stock, $.001 par value. Authorized 10,000,000 shares; issued 5,413,815 shares at April 1, 2011 |  |                              | 5       |   |                       |   | 5       |  
|Additional paid-in capital                                                                            |  |                              | 2,366   |   |                       |   | 2,352   |  
|Accumulated deficit                                                                                   |  |                              | (39,338 | ) |                       |   | (42,270 | )
|Accumulated other comprehensive income                                                                |  |                              | 3,988   |   |                       |   | 3,332   |  
|Less treasury stock, 30 shares at April 1, 2011 and December 31, 2010 at cost                         |  |                              | (1      | ) |                       |   | (1      | )
|                                                                                                      |  |                              |         |   |                       |   |         |  
|Total stockholders deficit                                                                           |  |                              | (32,980 | ) |                       |   | (36,582 | )
|                                                                                                      |  |                              |         |   |                       |   |         |  
|                                                                                                      |  | $                            | 66,008  |   |                       | $ | 65,893  |  
|                                                                                                      |  |                              |         |   |                       |   |         |  

See accompanying notes to condensed consolidated financial statements.



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DA-LITE SCREEN COMPANY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Dollars in thousands, unaudited)



|                                              |  |                            |        |   |                            |   |        |  
|--------------------------------------------- |  | -------------------------- | ------ | - | -------------------------- | - | ------ | -
|                                              |  | 13 WeeksEndedApril 
1,2011 |        |   | 13 WeeksEndedApril 
2,2010 |  
|                                              |  |                           
|Net sales                                     |  | $                          | 32,888 |   |                            | $ | 31,282 |  
|Cost of sales                                 |  |                            | 20,258 |   |                            |   | 19,308 |  
|                                              |  |                            |        |   |                            |   |        |  
|Gross profit                                  |  |                            | 12,630 |   |                            |   | 11,974 |  
|Selling, general, and administrative expenses |  |                            | 4,536  |   |                            |   | 4,676  |  
|                                              |  |                            |        |   |                            |   |        |  
|                                              |  |                           
|Operating income                              |  |                            | 8,094  |   |                            |   | 7,298  |  
|                                              |  |                            |        |   |                            |   |        |  
|                                              |  |                           
|Other expense (income):                       |  |                            |        |   |                            |   |        |  
|Interest                                      |  |                            | 3,277  |   |                            |   | 2,909  |  
|Miscellaneous, net                            |  |                            | (58    | ) |                            |   | 1,043  |  
|                                              |  |                            |        |   |                            |   |        |  
|Total other expense                           |  |                            | 3,219  |   |                            |   | 3,952  |  
|                                              |  |                            |        |   |                            |   |        |  
|Income before income taxes                    |  |                            | 4,875  |   |                            |   | 3,346  |  
|Income tax expense (benefit)                  |  |                            | 16     |   |                            |   | (62    | )
|                                              |  |                            |        |   |                            |   |        |  
|Net income                                    |  | $                          | 4,859  |   |                            | $ | 3,408  |  
|                                              |  |                            |        |   |                            |   |        |  

See accompanying notes to condensed consolidated financial statements.



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DA-LITE SCREEN COMPANY, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Dollars in thousands, unaudited)



|                                                                                  |  |                           |        |   |                           |   |         |  
|--------------------------------------------------------------------------------- |  | ------------------------- | ------ | - | ------------------------- | - | ------- | -
|                                                                                  |  | 13
weeksEndedApril 1,2011 |        |   | 13
weeksEndedApril 2,2010 |  
|Cash flows from operating activities:                                             |  |                           |        |   |                           |   |         |  
|Net income                                                                        |  | $                         | 4,859  |   |                           | $ | 3,408   |  
|Adjustments to reconcile net income to net cash provided by operating activities: |  |                           |        |   |                           |   |         |  
|Depreciation                                                                      |  |                           | 694    |   |                           |   | 719     |  
|Amortization and write-off of debt issuance costs                                 |  |                           | 183    |   |                           |   | 215     |  
|Accretion of original issue discount on senior notes due 2015                     |  |                           | 125    |   |                           |   |        |  
|Change in:                                                                        |  |                           |        |   |                           |   |         |  
|Accounts receivable                                                               |  |                           | (935   | ) |                           |   | (1,272  | )
|Inventories                                                                       |  |                           | (45    | ) |                           |   | 172     |  
|Prepaid expenses and other                                                        |  |                           | (215   | ) |                           |   | (820    | )
|Accounts payable                                                                  |  |                           | 1,348  |   |                           |   | 70      |  
|Accrued expenses                                                                  |  |                           | (3,510 | ) |                           |   | 620     |  
|Other                                                                             |  |                           | (155   | ) |                           |   |        |  
|                                                                                  |  |                           |        |   |                           |   |         |  
|Net cash provided by operating activities                                         |  |                           | 2,349  |   |                           |   | 3,112   |  
|                                                                                  |  |                           |        |   |                           |   |         |  
|                                                                                  |  |                          
|Cash flows from investing activities:                                             |  |                           |        |   |                           |   |         |  
|Purchase of property, plant and equipment                                         |  |                           | (179   | ) |                           |   | (264    | )
|                                                                                  |  |                           |        |   |                           |   |         |  
|Net cash used in investing activities                                             |  |                           | (179   | ) |                           |   | (264    | )
|                                                                                  |  |                           |        |   |                           |   |         |  
|                                                                                  |  |                          
|Cash flows from financing activities:                                             |  |                           |        |   |                           |   |         |  
|Decrease in checks written in excess of bank balance                              |  |                           |       |   |                           |   | (890    | )
|Proceeds from revolving credit facility                                           |  |                           | 1,000  |   |                           |   | 2,400   |  
|Payments on revolving credit facility                                             |  |                           | (1,000 | ) |                           |   | (4,375  | )
|Proceeds from sale of senior notes due 2015                                       |  |                           |       |   |                           |   | 102,170 |  
|Payments to retire senior notes due 2011                                          |  |                           |       |   |                           |   | (43,475 | )
|Distributions to stockholders                                                     |  |                           | (1,926 | ) |                           |   | (2,105  | )
|Payment of financing costs                                                        |  |                           |       |   |                           |   | (3,396  | )
|Exercise of common stock options                                                  |  |                           | 14     |   |                           |   |        |  
|                                                                                  |  |                           |        |   |                           |   |         |  
|Net cash (used in) provided by financing activities                               |  |                           | (1,912 | ) |                           |   | 50,329  |  
|                                                                                  |  |                           |        |   |                           |   |         |  
|                                                                                  |  |                          
|Effect of foreign currency exchange rate changes on cash and cash equivalents     |  |                           | (25    | ) |                           |   | (24     | )
|                                                                                  |  |                           |        |   |                           |   |         |  
|Net change in cash and cash equivalents                                           |  |                           | 233    |   |                           |   | 53,153  |  
|Cash and cash equivalents at beginning of period                                  |  |                           | 1,175  |   |                           |   | 552     |  
|                                                                                  |  |                           |        |   |                           |   |         |  
|Cash and cash equivalents at end of period                                        |  | $                         | 1,408  |   |                           | $ | 53,705  |  
|                                                                                  |  |                           |        |   |                           |   |         |  

See accompanying notes to condensed consolidated financial statements.



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DA-LITE SCREEN COMPANY, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)



|1. | Basis of Presentation
|-- | ---------------------

The financial data presented herein is unaudited and should be read in conjunction with the consolidated financial statements and
accompanying notes included in the annual report on Form 10-K filed by Da-Lite Screen Company, Inc. (together with all of its subsidiaries, the Company or Da-Lite) for the fiscal year ended December 31, 2010. In the
opinion of management, the accompanying unaudited condensed consolidated financial statements include all of the adjustments necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods
presented. Results for interim periods should not be considered indicative of results for the full year.

The accompanying
consolidated financial statements include the accounts of Da-Lite Screen Company, Inc. (Da-Lite), Da-Lite International, Inc., a domestic international sales corporation, and Projecta B.V. (Projecta), a Netherlands limited liability company, and
Projectas wholly-owned subsidiary Procolor S.A.S. (Procolor), a French corporation. All intercompany accounts and transactions have been eliminated.

The Company operates on a 52/53-week fiscal year ending on the last Friday of December. The first quarters of 2011 and 2010 were 13-week periods, respectively. The Companys 2011 fiscal year will be
a 52-week year and its 2010 fiscal year consisted of 52 weeks.



|2. | Summary of Significant Accounting Policies and Estimates
|-- | --------------------------------------------------------

The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires that management make a number of assumptions and estimates that
affect the reported amounts of assets, liabilities, revenue and expenses in the consolidated financial statements and accompanying notes. Management bases its estimates on historical experience and various other assumptions believed to be
reasonable. Although these estimates are based on managements best knowledge of current events and actions that may impact the Company in the future, actual results may differ from these estimates and assumptions. The Companys critical
accounting policies are those that affect its consolidated financial statements materially and involve a significant level of judgment by management.

Revenue Recognition

The Company recognizes revenue when it
has received an order from a customer, title has transferred to customer, the sales price is fixed or determinable and the collectability of sales price is reasonably assured. All amounts billed to customers in a sales transaction related to
shipping and handling are recorded as revenue, and costs incurred by the Company for shipping and handling are recorded as cost of sales. Provision for customer sales allowances, returns and warranties are made at the time of shipment. The Company
does not have any post-shipment obligations related to its sales such as installation, training or customer acceptance.



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Allowance for Doubtful Accounts

The financial status of customers is routinely checked and monitored by the Company when granting credit. The Company
provides an allowance for doubtful accounts based upon historical experience and managements estimate of amounts to be collected from past due accounts.

If circumstances change, for example, due to the occurrence of higher-than-expected defaults or a significant adverse change in a major customers ability to meet its financial obligations to the
Company, estimates of recoverability of receivable amounts due could be reduced.

Goodwill

Goodwill represents the excess of purchase price over the fair value of identifiable net assets acquired. The Company
applies the provisions of ASC 350 Intangibles-Goodwill and Other, and management tests goodwill for impairment to determine whether its carrying value exceeds its implied fair value at least annually or more frequently if events or
circumstances indicate that the carrying amount of goodwill may be impaired. The Company has three reporting units (Da-Lite US, Procolor S.A.S, and Projecta BV) of which only Da-Lite US has goodwill as of April 1, 2011 and December 31,
2010. The Companys annual impairment testing date is the last day of the fiscal year.

The goodwill
impairment test involves a two-step process. The first step is a comparison of each reporting units fair value to its carrying value. The Company estimates fair value based on a combination of the market value approach and income approach
using discounted cash flows. These valuations are based on assumptions and estimates including projected future cash flows, discount rates, and determination of appropriate market comparables. The fair value of each reporting unit is estimated using
both methods and each method is given equal weighting in arriving at the fair value of the reporting unit.

The
second step, if needed, requires the Company to allocate the fair value of the reporting unit derived in the first step to the fair value of the reporting units net assets to calculate the implied value of the goodwill. If the carrying value
of the reporting units goodwill is in excess of the implied fair value of goodwill, an impairment charge is taken to reduce the goodwill to its implied fair value.

Disclosures About Fair Value of Financial Instruments

Financial instruments are described as cash or contractual obligations or rights to pay or receive cash. The fair value of certain financial instruments approximates the carrying value because of the
short-term maturity of these instruments. The estimated fair value of the 121/2% Senior Notes due 2015 was $105.6 million at April 1, 2011. See Note 9, Subsequent Events, for information on the Companys tender offer, consent solicitation and subsequent repurchase of
$94.15 million of the 121/2% Senior Notes.

Recent Accounting Pronouncements

There were various accounting standards and interpretations issued recently, none of which are expected to have a material
impact on the Companys financial position, operations or cash flows.



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|3. | Notes Payable, Revolving Credit Agreement and Long-term Debt
|-- | ------------------------------------------------------------

The Company issued $160 million of
91/2% senior unsecured notes due in May 2011 during
fiscal year 2004, which were subsequently exchanged for substantially identical notes that were registered with the Securities and Exchange Commission (the
91/2% Senior Notes). On March 29,
2010, the Company repurchased $43.5 million of the outstanding $98.0 million principal amount of its
91/2% Senior Notes from the open market for an
aggregate purchase price of $44.5 million plus accrued interest. The Company retired these Notes and wrote-off the deferred financing cost and recognized the loss on the purchase premium related to the repurchase. On May 17, 2010, the Company
redeemed the remaining $54.5 million of its 91/2%
Senior Notes at the principal amount plus accrued interest due and wrote-off the remaining purchase premium and the deferred financing cost.

The Company issued $105 million of 121/2% senior unsecured notes due in April 2015 during the first quarter
of 2010 (the 121/2% Senior Notes). The
121/2% Senior Notes were issued with an original
issue discount at a price of 97.305% and were recorded at the discounted amount of $102.2 million. The discount will be accreted over the life of these notes as interest expense. The Company used the proceeds from the issuance of the
121/2% Senior Notes, together with borrowings under
our bank credit facility, to purchase $43.5 million principal amount of the 91/2% senior unsecured notes in March 2010, to redeem the remaining $54.5 million of
91/2% senior unsecured notes in May 2010 and to pay
issuance costs for the new 121/2% Senior Notes. The
Company may redeem any of the 121/2% Senior Notes
beginning on April 1, 2013. The initial redemption price is 106.250% of their principal amount, plus accrued interest. The redemption price will decline each year after 2013 and will be 100% of their principal amount, plus accrued interest,
beginning on April 1, 2014. In addition, before April 1, 2013, the Company may redeem up to 35% of the aggregate principal amount of outstanding notes with the proceeds from sales of certain kinds of our capital stock at a redemption price
equal to 112.500% of their principal amount, plus accrued interest to the redemption date. The Company may make such redemption only if, after any such redemption, at least 65% of the aggregate principal amount of notes originally issued under the
indenture remains outstanding. Interest is payable semi-annually in arrears on April 1 and October 1 of each year, beginning on October 1, 2010.

The Company registered with the Securities and Exchange Commission (the SEC) $105 million of new 121/2% Senior Notes due 2015 (Exchange Notes),
which have substantially identical terms to the Companys outstanding 121/2% Senior Notes (Original Notes), pursuant to a Registration Statement on Form S-4 which was declared effective by the SEC on June 8, 2010. On June 8, 2010, the Company commenced an
offer to exchange its outstanding Original Notes for the Exchange Notes which have been registered with the SEC. This exchange offer expired on July 12, 2010. All of the Original Notes were tendered and exchanged for the Exchange Notes.

In the Indenture related to the 121/2% Senior Notes, the Company agreed to covenants that limit it and
its restricted subsidiaries (i.e., Projecta B.V., Procolor S.A.S.) ability, among other things, to: (a) incur additional debt and issue preferred stock, (b) pay dividends, acquire shares of capital stock, make payments on
subordinated debt or make investments, (c) place limitations on distributions from restricted subsidiaries, (d) issue or sell capital stock of restricted subsidiaries, (e) issue guarantees, (f) sell or exchange assets,
(g) enter into transactions with stockholders and affiliates, (h) create liens and (i) effect mergers. In addition, if a change of control occurs, each holder of Notes will have the right to require the Company to repurchase all or
part of the holders Notes at a price equal to 101% of their principal amount, plus any accrued interest to the date of purchase. The Company was in compliance with all covenants at April 1, 2011. See Note 9, Subsequent Events, for
information on the Companys tender offer, consent solicitation and subsequent amendment of the Indenture.



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On September 2, 2010, the Company repurchased $10.8 million of the
outstanding $105.0 million principal amount of its 121/2% Senior Notes from the open market for an aggregate purchase price of $11.0 million plus accrued interest. The Company retired these Notes and wrote-off the original issuance discount and the deferred
financing cost related to the repurchase, and recognized a loss on the premium paid to repurchase the notes. See Note 9, Subsequent Events, for information on the Companys tender offer, consent solicitation and subsequent repurchase of $94.15
million of the 121/2% Senior Notes.

On March 26, 2010, the Company entered into a two-year arrangement for an unsecured revolving credit
facility, with maximum possible borrowings equal to $19.5 million, with Lake City Bank (the Bank). Under the agreement, borrowings from the revolving credit facility are not due until May 1, 2012. As part of this agreement, Lake
City Bank may demand full payment at any time. When borrowings have taken place, the Company has paid down on the line as funds have become available. As the Company intends to repay the revolving line of credit as funds become available, the line
of credit has been classified as short term. Interest on any outstanding borrowings related to the line of credit is calculated at the prime rate, subject to an interest rate floor of 4.00%. As the prime rate is below the floor, the interest rate in
effect as of April 1, 2011 was 4.00%. As of April 1, 2011, there was no outstanding balance under this facility.

The Companys Dutch subsidiary, Projecta, has an overdraft line of credit with maximum possible borrowings equal to 1.5 million
Euros. Projectas agreement with ABN AMRO Bank has no fixed expiration date. Interest on outstanding borrowings in Europe related to Projectas overdraft line of credit is calculated at the ABN AMRO Bank Basic Rate plus 1.50%, the sum of
which was 5.70% on April 1, 2011. At April 1, 2011, Projecta had no outstanding balance with ABN AMRO Bank under this credit facility.

The Company has provided an insurance carrier with a standby letter of credit for $0.4 million for self-insured amounts under its insurance program.



|4. | Stock Split and Stock Options
|-- | -----------------------------

On June 21, 2010 the Board of Directors of the Company approved a 1,000 to 1 stock split and in connection with the stock split, amended and restated the Amended and Restated Articles of
Incorporation of the Company. The Second Amended and Restated Articles of Incorporation were approved by the shareholders in a shareholders meeting on July 2, 2010. All share and per share information set forth herein gives retrospective effect
to the stock split. The amended and restated articles of incorporation required that all treasury shares be retired prior to the stock split. The Company retired the treasury shares and retained deficit was impacted by the retirement of the treasury
shares by $25.5 million.

The Company has a nonqualified stock option plan under which options are granted to certain
employees. During 2004, the Company granted options to certain employees that were immediately 100% vested. The options expire after ten years from the date of grant.

During the thirteen weeks ended July 2, 2010, the Company adopted the Da-Lite Screen Company, Inc. 2010 Stock Option Plan (2010 Stock Option Plan) pursuant to which eligible employees may
be granted options to purchase up to 200,000 new shares of the Company. The Company granted 159,000 nonqualified options to certain employees that were immediately 100% vested. The options expire after five years from the date of grant.



7



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##### Table of Contents

The stock option activity and weighted average exercise prices follow:



|                              |  |              |         |   |                              |   |       |                   |  |  |                              |   |  |   |       | 
|----------------------------- |  | ------------ | ------- | - | ---------------------------- | - | ----- | ----------------- |  |  | ---------------------------- | - |  | - | ----- | 
|                              |  | OptionShares |         |   | WeightedAverageExercisePrice |   |       | OptionExercisable |  |  | WeightedAverageExercisePrice |  
|                              |  |              |         |  
|Outstanding December 31, 2010 |  |              | 173,597 |   |                              | $ | 17.49 |                   |  |  | 173,597                      |   |  | $ | 17.49 | 
|Exercised                     |  |              | (792    | ) |                              |   | 17.62 |                   |  |  | (792                         | ) |  |   | 17.62 | 
|Canceled                      |  |              | (3,000  | ) |                              |   | 17.62 |                   |  |  | (3,000                       | ) |  |   | 17.62 | 
|                              |  |              |         |   |                              |   |       |                   |  |  |                              |   |  |   |       | 
|Outstanding April 1, 2011     |  |              | 169,805 |   |                              | $ | 17.49 |                   |  |  | 169,805                      |   |  | $ | 17.49 | 
|                              |  |              |         |   |                              |   |       |                   |  |  |                              |   |  |   |       | 

The aggregate intrinsic value of exercisable shares at April 1, 2011 was less than $0.1 million with a weighted average
contractual term of 3.9 years.



|5. | Inventories
|-- | -----------

The Company
accounts for its inventory at the lower of cost or market using the first-in, first-out (FIFO) method. Inventory is comprised of the following (in thousands):



|                 |  |              |       |  |                  |   |       | 
|---------------- |  | ------------ | ----- |  | ---------------- | - | ----- | 
|                 |  | April 1,2011 |       |  | December 31,2010 |  
|Raw materials    |  | $            | 6,292 |  |                  | $ | 6,293 | 
|Work in progress |  |              | 935   |  |                  |   | 863   | 
|Finished goods   |  |              | 1,612 |  |                  |   | 1,527 | 
|                 |  |              |       |  |                  |   |       | 
|                 |  | $            | 8,839 |  |                  | $ | 8,683 | 
|                 |  |              |       |  |                  |   |       | 



|6. | Accumulated Other Comprehensive Income
|-- | --------------------------------------

The only component of accumulated other comprehensive income as of April 1, 2011 and December 31, 2010 was for cumulative foreign exchange translation adjustments.



|7. | Segment Information
|-- | -------------------

The
Company primarily manufactures projection screens and other meeting room equipment that are sold throughout the United States and Europe. Based on its operations, the Company has established two reportable segments: United States and Europe. The
United States segment includes the operations of Da-Lite excluding its foreign subsidiaries. The European segment includes the operations of Projecta and Procolor. All intersegment transactions have been eliminated. Information regarding the sales
of specific product categories within the Companys geographic business segments is not presented because it is not practical to determine these amounts.



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##### Table of Contents

Operating cash flow is the measure reported to the chief operating decision maker for use in
assessing segment performance and allocating resources. Operating cash flow for assessing segment performance is net sales less cost of sales and selling, general, and administrative expenses excluding depreciation and amortization. The Company does
not allocate costs between segments.

The following table presents financial information by segment for the periods stated (in
thousands):



|                         |  |                           |        |  |                           |   |        |  
|------------------------ |  | ------------------------- | ------ |  | ------------------------- | - | ------ | -
|For the period ended:    |  | 13 WeeksEndedApril 1,2011 |        |  | 13
WeeksEndedApril 2,2010 |  
|Net sales:               |  |                           |        |  |                           |   |        |  
|United States            |  | $                         | 28,094 |  |                           | $ | 25,899 |  
|Europe                   |  |                           | 4,794  |  |                           |   | 5,383  |  
|                         |  |                           |        |  |                           |   |        |  
|Total net sales          |  | $                         | 32,888 |  |                           | $ | 31,282 |  
|                         |  |                           |        |  |                           |   |        |  
|                         |  |                          
|Operating income (loss): |  |                           |        |  |                           |   |        |  
|United States            |  | $                         | 8,085  |  |                           | $ | 7,469  |  
|Europe                   |  |                           | 9      |  |                           |   | (171   | )
|                         |  |                           |        |  |                           |   |        |  
|Total operating income   |  | $                         | 8,094  |  |                           | $ | 7,298  |  
|                         |  |                           |        |  |                           |   |        |  
|                         |  |                          
|As of:                   |  | April 1,2011              |        |  | December 31,2010          |  
|Total assets             |  |                           |        |  |                           |   |        |  
|United States            |  | $                         | 52,582 |  |                           | $ | 52,868 |  
|Europe                   |  |                           | 13,426 |  |                           |   | 13,025 |  
|                         |  |                           |        |  |                           |   |        |  
|Total assets             |  | $                         | 66,008 |  |                           | $ | 65,893 |  
|                         |  |                           |        |  |                           |   |        |  



|8. | Commitments and Contingencies
|-- | -----------------------------

The Company is subject to certain legal proceedings and claims that have arisen in the ordinary course of business. In the opinion of management, the Company does not have a potential liability related to
any of these other current legal proceedings and claims that should individually or in the aggregate have a material adverse effect on its financial condition, liquidity or results of operations.

However, the results of legal proceedings cannot be predicted with certainty. Should the Company fail to prevail in legal matters, it is
possible that its results of operations or financial condition could be materially adversely affected.



|9. | Subsequent Events
|-- | -----------------

Change in Control

On March 30, 2011, the Company entered into an Agreement and Plan of Merger (the Merger Agreement) with Milestone Holding Corporation (Buyer), a Delaware corporation, and the
other parties named in the Merger Agreement. Pursuant to the Merger Agreement, on April 15, 2011, the Company became a wholly owned subsidiary of Buyer, which resulted in a change in control of the Company.



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##### Table of Contents

Repurchase of 121/2% Senior Notes

On April 18, 2011, the Company commenced a cash tender offer for any and all of its outstanding 121/2% Senior Notes and a solicitation of consents to certain proposed
amendments to the Indenture governing the 121/2%
Senior Notes to eliminate substantially all of the restrictive covenants and certain event of default provisions in the Indenture.

Upon expiration of the consent solicitation on April 29, 2011, holders of $94.15 million of the
121/2% Senior Notes had validly tendered and
delivered consents, and such notes were repurchased by the Company on May 4, 2011 at an aggregate purchase price of $112.76 million, representing $1,186.25 for each $1,000 principal amount (which includes a consent payment of $30.00 per $1,000
principal amount), plus accrued and unpaid interest. The Company financed such repurchase through an equity investment made by Buyer.

As a result of the consent solicitation and tender offer, on May 2, 2011, the Company entered into a supplemental indenture with the trustee under the Indenture governing the terms of the 121/2% Senior Notes, which had the effect of removing
substantially all of the restrictive covenants contained in the Indenture, eliminating certain events of default contained therein and modifying certain other provisions thereof. Immediately following the repurchase of the 121/2% Senior Notes pursuant to the tender offer, only $100,000 aggregate
principal amount of such notes remains outstanding.



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##### Table of Contents

Item 2. Managements Discussion and Analysis of Financial Condition
and Results of Operations.

Forward Looking Statements

This quarterly report on Form 10-Q contains certain statements that may be deemed to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this report are forward-looking statements. When used in this report, the words may,
will, should, would, anticipate, estimate, expect, plan, believe, predict, potential, intend, and similar expressions
are intended to identify forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not
limited to, changes in sales or industry trends, changes in economic conditions, competition, retention of senior management and other key personnel, availability of materials or components, ability to make continued product innovations, casualty or
work stoppages at the Companys facilities, adverse results of lawsuits against the Company and currency exchange rates, the availability of financing and other factors described under Item 1A in the Companys Annual Report on Form
10-K for the year ended December 31, 2010. Forward-looking statements are based on assumptions and assessments made by the Companys management in light of their experience and their perception of historical trends, current conditions,
expected future developments and other factors they believe to be appropriate. Readers of this report are cautioned not to place undue reliance on these forward-looking statements, as there can be no assurance that these forward-looking statements
will prove to be accurate. The Companys actual results could differ materially from those currently anticipated and discussed in the forward-looking statements as a result of risks and uncertainties described under Item 1A in the
Companys Annual Report on Form 10-K for the year ended December 31, 2010. Management undertakes no obligation to update any forward-looking statements. This cautionary statement is applicable to all forward-looking statements contained in
this report.

Overview

Da-Lite is one of the worlds leading manufacturers and distributors of projection screens. Da-Lites projection screens, which are focused on the premium end of the large screen market, are
used in a wide range of settings including conference rooms, educational institutions, live entertainment venues, meeting rooms, training facilities, houses of worship and private homes. Da-Lites products provide the viewer with an enhanced
visual experience in settings where a large screen adds to the communication of information or entertainment. The Companys products are versatile and can be customized to fit the needs of unique viewing venues.

Critical Accounting Policies

There were no changes in the thirteen week period ended April 1, 2011 to the application of critical accounting policies and estimates as described in our Annual Report on Form 10-K for the year
ended December 31, 2010.

Recent Accounting Pronouncements

There were various accounting standards and interpretations issued recently, none of which are expected to have a material impact on the
companys financial position, operations or cash flows.



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##### Table of Contents

Results of Operations

Thirteen Weeks Ended April 1, 2011, Compared with Thirteen Weeks Ended April 2, 2010

Net Sales. Net sales were $32.9 million for the 13 weeks ended April 1, 2011, as compared to $31.3 million for the 13 weeks ended April 2, 2010, an increase of $1.6 million or 5.1%. Net
sales by the Companys United States (U.S.) operations increased 8.5%. In the U.S., electric screen sales increased $2.2 million and portable screen sales increased $0.7 million. Wall screen sales decreased $0.5 million and the sales of other
products decreased $0.2 million from 2010 levels. Sales benefited from an improvement in economic activity during the first quarter including the Hospitality, Business/IT and Housing Markets. Net sales from the Companys European subsidiaries
decreased 10.9%. Sales in Europe were lower due mostly to a volume change of $0.5 million.

Cost of Sales. Cost of
sales was $20.3 million for the 13 weeks ended April 1, 2011, as compared to $19.3 million for the 13 weeks ended April 2, 2010, an increase of $1.0 million, or 5.2%. As a percentage of net sales, the cost of sales represented 61.6% in the
13 weeks ended April 1, 2011 and 61.7% for the 13 weeks ended April 2, 2010. This constitutes a 0.1 percentage point increase in margins. This overall increase resulted primarily from the decrease in material cost in the U.S. facilities
and increased adoption of lean manufacturing techniques.

Selling, General and Administrative Expenses. Selling,
general and administrative expenses were $4.5 million for the 13 weeks ended April 1, 2011, as compared to $4.7 million for the 13 weeks ended April 2, 2010. Selling, general and administrative expenses at our U.S. facilities increased
$0.2 million while European operations decreased $0.4 million.

Interest. Interest expense totaled
$3.3 million for the 13 weeks ended April 1, 2011, as compared to $2.9 million for the 13 weeks ended April 2, 2010, an increase of $0.4 million. The increase was primarily due to the changes in rates as a result of refinancing the 91/2% Senior Notes with 121/2% Senior Notes.

Miscellaneous, net. Miscellaneous, net was income of $0.1 million for the 13 weeks ended April 1, 2011, as compared to $1.0
million in expense for the 13 weeks ended April 2, 2010. The $1.1 million decrease in expense was primarily due to a repurchase of debt at a premium in the 2010 period.

Income Taxes. As a subchapter S corporation for United States tax purposes, the Company is generally not subject to United States federal and state income taxation. Rather, the Companys
income, gains, losses, deductions and credits flow through to its stockholders, and the Company makes distributions to them to meet their tax obligations at an assumed maximum federal and state tax rate (based on the state with the highest tax rate
in which any of the Companys stockholders reside). This assumed rate was 40.4% for the 13 weeks ended April 1, 2011 and for the 13 weeks ended April 2, 2010. The Company pays foreign income taxes on the earnings of its European
subsidiaries.

Net Income.As a result of the aforementioned factors, net income increased $1.5 million to $4.9 million
for the 13 weeks ended April 1, 2011, compared to $3.4 million for the 13 weeks ended April 2, 2010.



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##### Table of Contents

Liquidity and Capital Resources

The Company expects to be able to fund its working capital requirements, interest expense, and capital expenditures with cash generated
from operations, although there can be no assurances in this regard.

The Company issued $105 million 121/2% Senior Notes during the first quarter of 2010. These
notes were issued with an original issue discount at a price of 97.305% and this debt was recorded at the discounted amount of $102.2 million. The discount is being accreted over the life of these notes as interest expense.

In March 2010, the Company repurchased $43.5 million of the outstanding principal amount of its 91/2% Senior Notes from the open market for an aggregate purchase price
of $44.5 million. On May 17, 2010, the Company redeemed the remaining $54.5 million of the 91/2% Senior Notes balance at the principal amount. The funds to repurchase these notes were from the cash received from the $102.2 million of the 121/2% Senior Notes along with the borrowings under our bank credit
facility.

On September 2, 2010, the Company repurchased $10.8 million of the
outstanding $105.0 million principal amount of its 121/2% Senior Notes from the open market for an aggregate purchase price of $11.0 million. The Company retired these Notes and wrote-off the purchase premium and the deferred financing cost related to the
repurchase. The Company increased its borrowing under the unsecured revolving credit facility in connection with the repurchase.

The
121/2% Senior Notes in the amount of $94.15 million
were purchased on May 4, 2011 pursuant to a tender offer and consent solicitation for the 121/2% Senior Notes. See Note 9 Subsequent Events.

Management believes the principal indicators of the Companys liquidity are its cash position (total cash and cash equivalents),
remaining availability under its bank credit facilities and its excess working capital. At April 1, 2011 the Companys cash position was $1.4 million, an increase of $0.2 million from December 31, 2010. Additionally, the Company has
an unsecured revolving credit facility, with maximum possible borrowings equal to $19.5 million, which expires in April 2012. As part of this agreement, Lake City Bank may demand full payment at any time. When borrowings have taken place, the
Company has paid down on the line as funds have become available. As the Company intends to repay the revolving line of credit as funds become available, the line of credit has been classified as short term. Interest on any outstanding borrowings
related to this line of credit is calculated at the prime rate, subject to a floor of 4.00%. As the prime rate is below the floor, the interest rate in effect as of April 1, 2011 was 4.00%. At April 1, 2011, the Company had no outstanding
balance under this line of credit. Da-Lites working capital position increased to $21.1 million (including $1.4 million of total cash and cash equivalents) at April 1, 2011, from $17.3 million (including $1.2 million of total cash and
cash equivalents) at December 31, 2010.

The Companys Dutch subsidiary, Projecta, has an overdraft line of credit,
with maximum possible borrowings equal to 1.5 million Euros. Projectas agreement with ABN AMRO Bank has no fixed expiration date. Interest on outstanding borrowings in Europe related to Projectas overdraft line of credit is
calculated at the ABN AMRO Bank Basic Rate plus 1.50%, the sum of which was 5.70% on April 1, 2011. At April 1, 2011, Projecta had no outstanding balances under this credit facility.

Cash Flows

For the 13
weeks ended April 1, 2011, cash provided by operating activities was $2.3 million, as compared to $3.1 million for the 13 weeks ended April 2, 2010, a decrease of $0.8 million or 25.8%, that resulted primarily from the change in working
capital for the 13 weeks ended April 1, 2011 compared to the 13 weeks ended April 2, 2010.



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##### Table of Contents

Cash used in investing activities was $0.2 million for the 13 weeks ended April 1, 2011, as compared to $0.3 million for the 13 weeks ended April 2, 2010 due to a reduction in capital
expenditures. Cash used in financing activities was $1.9 million during the 13 weeks ended April 1, 2011, as compared to $50.3 million received for the 13 weeks ended April 2, 2010. The decrease in financing activities in 2011 was due to
the first quarter 2010 issuance of $102.2 million of the 121/2% Senior Notes and $2.4 million in proceeds on the revolving credit facility; offset by the repurchase of the $43.5 million of the 91/2% Senior Notes, payments on the revolving credit facility of $4.4
million, and $3.4 million in payments of financing costs on the 121/2% Senior Notes.

Capital Expenditures

Capital expenditures were $0.2 million for the thirteen weeks ended April 1, 2011 compared to $0.3 million for the thirteen weeks
ended April 2, 2010. The Companys management currently expects to spend approximately $1.2 million on capital expenditures in 2011, using cash generated from operations.

Contractual Obligations

The following table sets forth, as of
April 1, 2011, certain of the Companys contractual obligations:



|                                                |  |                        |       |  |                 |   |     |           |  |   |           |  |  |                  |       |  |  |  |   | 
|----------------------------------------------- |  | ---------------------- | ----- |  | --------------- | - | --- | --------- |  | - | --------- |  |  | ---------------- | ----- |  |  |  | - | 
|                                                |  | Payments due by period |      
|Contractual Obligations                         |  | Total                  |       |  | Less than1 year |   |     | 1-3 years |  |   | 3-5 years |  |  | More than5 years |      
|                                                |  | (in millions)          |      
|Interest and principal payments for senior debt |  | $                      | 141.4 |  |                 | $ | 5.9 |           |  | $ | 23.6      |  |  | $                | 111.9 |  |  |  |  | 
|Self-insurance letter of credit                 |  |                        | 0.4   |  |                 |   | 0.4 |           |  |   |          |  |  |                  |      |  |  |  |  | 
|                                                |  |                        |       |  |                 |   |     |           |  |   |           |  |  |                  |       |  |  |  |   | 
|Total                                           |  | $                      | 141.8 |  |                 | $ | 6.3 |           |  | $ | 23.6      |  |  | $                | 111.9 |  |  |  |  | 
|                                                |  |                        |       |  |                 |   |     |           |  |   |           |  |  |                  |       |  |  |  |   | 

Distributions

As a subchapter S corporation under the Internal Revenue Code of 1986, Da-Lite is not subject to U.S. federal income taxes. Instead, such taxes are payable by Da-Lites stockholders. Distributions
are made by Da-Lite to its stockholders to pay estimated taxes relating to taxable income allocated to them by the Company on a quarterly basis. Tax related distributions were $1.9 million and $2.1 million for the 13 weeks ended April 1, 2011
and the 13 weeks ended April 2, 2010, respectively.

The Company did not pay any regular distribution to its stockholders
during 2010, and there were no regular distributions to its stockholders through April 1, 2011.



14



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##### Table of Contents

Inflation

The Company manages its inflation risks by ongoing review of product selling prices and production costs. Management does not believe that inflation risks are material to the Companys business, its
consolidated financial position, results of operations or cash flows. However, there can be no assurance that future inflation will not have an adverse impact on the Companys operating results and financial condition.

Environmental

The
Company has incurred, and in the future will continue to incur, expenditures for matters relating to environmental control, remediation, monitoring and compliance. The Companys management believes that compliance with current environmental
laws and regulations is not likely to have a material adverse effect on the Companys financial condition, the results of its operations or its liquidity; however, environmental laws and regulations have changed rapidly in recent years and the
Company may become subject to more stringent environmental laws and regulations in the future.



15



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##### Table of Contents

|Item 3. | Quantitative and Qualitative Disclosures About Market Risk.
|------- | -----------------------------------------------------------

Concentration of Credit Risk

Financial instruments that potentially
subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable.

The Company maintains cash and cash equivalents with well-capitalized financial institutions.

The Companys sales are not materially dependent on a single customer or a small group of customers. No one individual customer balance represented more than 5.2% of the Companys total
outstanding receivables as of April 1, 2011. Credit risk associated with the Companys receivables is representative of the geographic, industry and customer diversity associated with the Companys global business.

The Company also maintains credit controls for evaluating and granting customer credit. As a result, the Company may require that
customers provide some type of financial guarantee in certain circumstances.

Foreign Currency Risk

Da-Lite routinely uses forward exchange contracts to economically hedge raw material purchases from vendors outside of the country of
purchase.

Interest Rate Risk

The Company has two credit facilities available for general corporate purposes that are subject to variable interest rates. Interest related to any outstanding balances on the Companys $19.5 million
revolving credit facility in the U.S. is calculated at 4.00% on April 1, 2011. At April 1, 2011, the Company had no outstanding balance on this revolving credit facility. Interest on outstanding borrowings in Europe, related to
Projectas overdraft line of credit, is calculated at the ABN AMRO Basic Rate plus 1.50%, the sum of which was 5.70% on April 1, 2011. At April 1, 2011, Projecta had no outstanding balance with ABN AMRO Bank.

At April 1, 2011, the Company had $94.3 million in fixed-rate long-term debt outstanding from the
121/2% Senior Notes. There is no interest rate risk
associated with the Companys fixed rate debt. The fair market value of the fixed-rate debt (based on discounted cash flows reflecting borrowing rates currently available for debt with similar terms and maturities) varies with fluctuations in
interest rates. A 10% decrease in interest rates on the value of the 121/2% Senior Notes due in 2015 would have changed the fair market value of the fixed-rate debt to approximately $109.7 million from the fair value of approximately $105.6 million at April 1, 2011. Note
that financial instruments are described as cash or contractual obligations or rights to pay or receive cash. The fair value of all other financial instruments approximates the carrying value because of the short-term maturity of these instruments.



16



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##### Table of Contents

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures.

The Company has evaluated the effectiveness of the design and operation of its disclosure controls and procedures pursuant to Rules 13a-15(e) and 15d-15(e) under the Securities Exchanges Act of 1934 as of
the end of the period covered by this report. Based on the evaluation, performed under the supervision and with the participation of the Companys management, including the Chairman, Chief Executive Officer and President (the CEO)
and the Chief Financial Officer (the CFO), the Companys management, including the CEO and CFO, concluded that the Companys disclosure controls and procedures were effective as of the end of the period covered by the report.

Changes in Internal Control

There were no significant changes with respect to the Companys internal control over financial reporting or in other factors that materially affected, or are reasonably likely to materially affect,
internal control over financial reporting during the quarter ended April 1, 2011.



17



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##### Table of Contents

PART II

OTHER INFORMATION



|Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds.
|------- | ------------------------------------------------------------

During the 13 weeks ended April 1, 2011, employees of the Company in total, exercised options to purchase 792 shares of common stock at an aggregate purchase price of $14,000. These transactions were
exempt from registration pursuant to, among other things, Section 4(2) of the Securities Act of 1933, as amended, and Regulation D promulgated under this Act.



|Item 6. | Exhibits
|------- | --------



|           |  |                                                                                                                                
|---------- |  | -------------------------------------------------------------------------------------------------------------------------------
|ExhibitNo. |  | Description                                                                                                                    
|           | 
|31.1       |  | Certification of CEO pursuant to Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|           | 
|31.2       |  | Certification of CFO pursuant to Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|           | 
|32.1       |  | Certification of CEO pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002  
|           | 
|32.2       |  | Certification of CFO pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002  



18



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##### Table of Contents

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.



DA-LITE SCREEN COMPANY, INC. (Registrant)By:

/s/ Jerry C. YoungJerry C. YoungVice President  Finance and Chief Financial Officer
(Principal Financial and Accounting Officer)


Date: May 16, 2011



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##### Table of Contents

EXHIBIT INDEX



|           |  |                                                                                                                                
|---------- |  | -------------------------------------------------------------------------------------------------------------------------------
|ExhibitNo. |  | Description                                                                                                                    
|           | 
|31.1       |  | Certification of CEO pursuant to Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|           | 
|31.2       |  | Certification of CFO pursuant to Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|           | 
|32.1       |  | Certification of CEO pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002  
|           | 
|32.2       |  | Certification of CFO pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002  



20