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| Form 10-Q YOUNG INNOVATIONS INC - YDNT Filed: May 10, 2011 (period: March 31, 2011) Quarterly report which provides a continuing view of a company's financial position                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
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| Table of Contents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   10-Q - MARCH 31, 2011PART IItem 1.                      Financial Statements.Item 2.                      Management’s Discussion and Analysis of Financial Condition and Results of Operations.Item 3.                      Quantitative and Qualitative Disclosures About Market Risk.Item 4.                      Controls and Procedures.PART IIItem 2.                      Unregistered Sales of Equity Securities and Use of Proceeds.Item 6.                      Exhibits.SIGNATURESEX-31.1 (SECTION 302 CERTIFICATION)EX-31.2 (SECTION 302 CERTIFICATION)EX-32.1 (SECTION 906 CERTIFICATION) |

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| Missouri                          |   | 43-1718931                           |
|-----------------------------------|--------|--------------------------------------|
| (State or other jurisdiction      |   | (I.R.S. Employer Identification No.) |
| of incorporation or organization) |   |                                 |

| 13705 Shoreline Court EastEarth City, Missouri | 63045      |
|------------------------------------------------|------------|
| (Address of principal executive offices)       | (Zip Code) |

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|                                                                                                                                                                  |   | March 31,    |   |   | December 31,   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|--------|--------|----------------|
|                                                                                                                                                                  |   | 2011         |   |   | 2010      |
|                                                                                                                                                                  |   | (unaudited)  |   |   |           |
| Assets                                                                                                                                                                |   |              |   |   |           |
|  Current assets:                                                                                                                                                 |   |              |   |   |           |
|   Cash and cash equivalents                                                                                                                                 | $      | 799               |   | $      | 741            |
|   Trade accounts receivable, net of allowance for doubtful accounts of $235     and $246 in 2011 and 2010, respectively  |   |  12,913      |   |   |  11,721   |
|   Inventories                                                                                                                                               |   | 17,501            |   |   | 17,260         |
|   Other current assets                                                                                                                                      |   | 5,119             |   |   |  4,861    |
|      Total current assets                                                                                                                    |   | 36,332            |   |   | 34,583         |
| Property, plant and equipment, net                                                                                                                                    |   | 32,849            |   |   | 33,162         |
| Goodwill                                                                                                                                                              |   | 80,358            |   |   | 80,289         |
| Other intangible assets                                                                                                                                               |   | 11,476            |   |   | 11,579         |
| Other assets                                                                                                                                                          |   | 1,652             |   |   | 2,012          |
|      Total assets                                                                                                                            | $      | 162,667           |   | $      | 161,625        |
|                                                                                                                                                                  |   |              |   |   |           |
| Liabilities and Stockholders’ Equity                                                                                                                            |   |              |   |   |           |
| Current liabilities:    Accounts payable and accrued liabilities                                                                                  | $      | 10,095            |   | $      | 10,700         |
| Total current liabilities                                                                                                                                             |   | 10,095       |   |   | 10,700    |
| Long-term debt                                                                                                                                                        |   | 3,742             |   |   | 6,100          |
| Long-term secured borrowing                                                                                                                                           |   | 106          |   |   | 56        |
| Deferred income taxes                                                                                                                                                 |   | 17,427       |   |   | 17,417    |
| Other noncurrent liabilities                                                                                                                                          |   | 246          |   |   | 248            |
|       Total liabilities                                                                                                                      |   | 31,616       |   |   | 34,521         |
| Stockholders’ equity:                                                                                                                                           |   |              |   |   |           |
|   Common stock, voting, $.01 par value, 25,000 shares authorized,10,219 shares issued in 2011 and 2010                                                      |   | 102          |   |   |  102      |
|   Additional paid-in capital                                                                                                                                |   | 23,588            |   |   | 24,190         |
|   Retained earnings                                                                                                                                         |   | 155,109           |   |   | 151,458        |
|   Common stock in treasury, at cost; and 2,199 shares in 2011 and 2,248 in    2010, respectively                                        |   | (47,766)     |   |   |  (48,484) |
| Accumulated other comprehensive (loss)  income                                                                                                              |   |  18          |   |   |  (162)    |
|     Total stockholders' equity                                                                                                                    |   | 131,051           |   |   |  127,104  |
|       Total liabilities and stockholders' equity                                                                                        | $      | 162,667           |   | $      | 161,625        |
|                                                                                                                                                                  |   |              |   |   |

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|                                                             |   | Three Months EndedMarch 31, |   |
|------------------------------------------------------------------|--------|-----------------------------|--------|
|                                                             |   | 2011                        |   |   | 2010 |   |
|                                                             |   |                        |   |   |   |   |
| Net sales                                                        |   | $                           | 26,024 |   |   | $ | 24,782 |   |
| Cost of goods sold                                               |   |                        | 11,561 |   |   |   | 10,980 |   |
| Gross profit                                                     |   |                        | 14,463 |   |   |   | 13,802 |   |
| Selling, general and administrative expenses                     |   |                        | 8,697  |   |   |   | 8,395 |   |
| Income from operations                                           |   |                        | 5,766  |   |   |   | 5,407 |   |
| Interest expense, net                                            |   |                        | (73)   |   |   |   | (101) |   |
| Other income, net                                                |   |                        | 433    |   |   |   | 84 |   |
| Income before provision for income taxes                         |   |                        | 6,126  |   |   |   | 5,390 |   |
| Provision for income taxes                                       |   |                        | 2,126  |   |   |   | 1,832 |   |
| Net income                                                       |   | $                           | 4,000  |   |   | $ | 3,558 |   |
| Basic earnings per share                                         |   | $                           | 0.50   |   |   | $ | 0.45 |   |
| Diluted earnings per share                                       |   | $                           | 0.50   |   |   | $ | 0.44 |   |
| Basic weighted average shares outstanding                        |   |                        | 8,010  |   |   |   | 7,984 |   |
| Diluted weighted average shares outstanding                      |   |                        | 8,074  |   |   |   | 8,060 |   |
|                                                             |   |                        |   |   |   |   |   |   |
|                                                             |   |                        |   |   |   |   |   |   |
| The accompanying notes are an integral part of these statements. |   |                        |   |   |   |

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|                                                                                                                                                                                                                                                                   |   | Three Months Ended |                                                                        |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|-----------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                   |   | March 31,          |                                                                        |
|                                                                                                                                                                                                                                                                   |   | 2011               |                                                                        |   | 2010 |   |
| Cash flows from operating activities:                                                                                                                                                                                                                                  |   |               |                                                                        |   |   |   |
|   Net income                                                                                                                                                                                                                                                 |   | $                  | 4,000                                                                       |   |   | $ | 3,558 |   |
|    Adjustments to reconcile net income to net cash flows from operating activities:                                                                                                                                                                     |   |               |                                                                        |   |   |   |   |   |
|    Depreciation and amortization                                                                                                                                                                                                                        |   |               | 1,083                                                                       |   |   |   | 1,012 |   |
|    Share based compensation expense                                                                                                                                                                                                                     |   |               | 452                                                                         |   |   |   | 441 |   |
|    Deferred income taxes                                                                                                                                                                                                                                |   |               | 10                                                                          |   |   |   | - |   |
|    Excess tax benefit from share exercises                                                                                                                                                                                                              |   |               | (360)                                                                       |   |   |   | (122)  |   |
|    Gain on private equity investment fund                                                                                                                                                                                                               |   |               | (440)                                                                       |   |   |   | - |   |
|    Changes in assets and liabilities, net of acquisitions :                                                                                                                                                                                             |   |               |                                                                        |   |   |   |   |   |
|         Trade accounts receivable                                                                                                                                                                                              |   |               | (1,157)                                                                     |   |   |   | (712) |   |
|         Inventories                                                                                                                                                                                                            |   |               | (203)                                                                       |   |   |   | 835 |   |
|         Other current assets                                                                                                                                                                                                   |   |               | (223)                                                                       |   |   |   | 81 |   |
|         Other assets                                                                                                                                                                                                           |   |               | 98                                                                          |   |   |   | 204 |   |
|         Accounts payable and accrued liabilities                                                                                                                                                                               |   |               | (301)                                                                       |   |   |   | 2,245 |   |
|              Total adjustments                                                                                                                                                                        |   |               | (1,041)                                                                     |   |   |   | 3,984 |   |
|              Net cash flows from operating activities                                                                                                                                                 |   |               | 2,959                                                                       |   |   |   | 7,542 |   |
|                                                                                                                                                                                                                                                                   |   |               |                                                                        |   |   |   |   |   |
| Cash flows from investing activities:                                                                                                                                                                                                                                  |   |               |                                                                        |   |   |   |   |   |
|    Payments for acquisitions of intangible assets                                                                                                                                                                                                       |   |               | (55)                                                                   |   |   |   | - |   |
|    Purchases of property, plant and equipment                                                                                                                                                                                                           |   |               | (528)                                                                       |   |   |   | (1,077 | ) |
|    Proceeds from private equity investment                                                                                                                                                                                                              |   |               | 703                                                                    |   |   |   | ­- |   |
|              Net cash flows from investing activities                                                                                                                                                 |   |               |             120 |   |   |   | (1,077 | ) |
|                                                                                                                                                                                                                                                                   |   |               |                                                                        |   |   |   |   |   |
| Cash flows from financing activities:                                                                                                                                                                                                                                  |   |               |                                                                        |   |   |   |   |   |
|    Payments on long-term debt                                                                                                                                                                                                                           |   |               | (9,368)                                                                     |   |   |   | (19,318 | ) |
|    Borrowings on long-term debt                                                                                                                                                                                                                         |   |               | 7,010                                                                       |   |   |   | 13,844 |   |
|    Payments of long-term secured borrowings                                                                                                                                                                                                             |   |               | (34)                                                                        |   |   |   | (94 | ) |
|    Excess tax benefit/ (deficit) from share exercises                                                                                                                                                                                                        |   |               | 360                                                                         |   |   |   | 122 |   |
|    Proceeds from stock options exercised                                                                                                                                                                                                                |   |               | 458                                                                         |   |   |   | 212 |   |
|    Purchase of treasury stock                                                                                                                                                                                                                           |   |               | (1,133)                                                                     |   |   |   | (534 | ) |
|    Payment of cash dividends                                                                                                                                                                                                                            |   |               | (345)                                                                       |   |   |   | (310 | ) |
|            Net cash flows from financing activities                                                                                                                                                             |   |               | (3,052)                                                                     |   |   |   | (6,078 | ) |
|                                                                                                                                                                                                                                                                   |   |               |                                                                        |   |   |   |   |   |
|   Effect of exchange rate changes on cash and cash equivalents                                                                                                                                                                                               |   |               | 31                                                                          |   |   |   | (62) |   |
|                                                                                                                                                                                                                                                                   |   |               |                                                                        |   |   |   |   |   |
|   Net change in cash and cash equivalents                                                                                                                                                                                                                    |   |               | 58                                                                          |   |   |   | 325 |   |
|   Cash and cash equivalents, beginning of period                                                                                                                                                                                                             |   |               | 741                                                                         |   |   |   | 67 |   |
|   Cash and cash equivalents, end of period                                                                                                                                                                                                                   |   | $                  | 799                                                                         |   |   | $ | 392 |   |
|                                                                                                                                                                                                                                                                   |   |               |                                                                        |   |   |   |   |   |
|                                  The accompanying notes are an integral part of these statements. |   |               |                                                                        |   |   |   |   |   |
|                                                                                                                                                                                                                                                                   |   |               |                                                                        |   |   |   |   |   |

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|                         |   | March 31, |   |   | December 31, |   |
|------------------------------|--------|-----------|--------|--------|--------------|--------|
|                         |   | 2011      |   |   | 2010         |   |
|                         |   |      |   |
| Notes receivable, short-term |   | $         | 540    |   |         | $      | 593 |   |
| Notes receivable, long-term  |   |      | 160    |   |         |   | 262 |   |
|                         |   |      |   |   |         |   |   |   |
| Total notes receivable       |   | $         | 700    |   |         | $      | 855 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | March 31, |   |   | December 31, |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------|--------|--------|--------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | 2011      |   |   | 2010         |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |      |   |
| Finished products                                                                   . |   | $         | 9,239  |   |         | $      | 9,374 |   |
| Work in process                                                                                                                                                                                                                                                                                                                                                                                                                      |   |      | 2,906  |   |         |   | 2,663 |   |
| Raw materials and supplies                                                                                                                                                                                                                                                                                                                                                                                                           |   |      | 5,356  |   |         |   | 5,223 |   |
| Total inventories                                                                                                                                                                                                                                                                                                                                                                                                                    |   | $         | 17,501 |   |         | $      | 17,260 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | March 31, |     |   | December 31, |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------|----------|--------|--------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 2011      |     |   | 2010         |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |      |     |
| Land                                                                                                           |   | $         | 3,449    |   |         | $      | 3,449 |   |
| Buildings and improvements                                                                                     |   |      | 22,841   |   |         |   | 22,720 |   |
| Machinery and equipment                                                                                        |   |      | 28,875   |   |         |   | 28,055 |   |
| Equipment rented to others                                                                                     |   |      | 4,174    |   |         |   | 4,510 |   |
| Construction in progress                                                                                       |   |      | 1,368    |   |         |   | 1,476 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | $         | 60,707   |   |         | $      | 60,210 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |      |     |   |         |   |   |   |
| Accumulated depreciation                                                                                       |   |      | (27,858) |   |         |   | (27,048) |   |
| Total property, plant and equipment, net                                                                                                                                        |   | $         | 32,849   |   |         | $      | 33,162 |   |

|                         |   |   |   |
|------------------------------|--------|--------|--------|
| Balance at December 31, 2010 |   | $      | 80,289 |   |
| Foreign currency translation |   |   | 69     |   |
| Balance at March 31, 2011    |   | $      | 80,358 |   |

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|                                                                                |   | As of March 31, 2011  |   |
|-------------------------------------------------------------------------------------|--------|-----------------------|--------|
|                                                                                |   | Gross Carrying Amount |   |   | Accumulated Amortization |   |   | Net Carrying Amount |   |
| Amortized intangible assets                                                         |   |                  |   |   |   |   |   |   |   |
|      License agreements                                    |   | $                     | 2,944  |   |   | $ | 500 |   |   | $ | 2,444 |   |
|      Core technology                                       |   |                  | 739    |   |   |   | 240 |   |   |   | 499 |   |
|      Patents                                               |   |                  | 2,320  |   |   |   | 1,353 |   |   |   | 967 |   |
|      Product formulas                                      |   |                  | 430    |   |   |   | 106 |   |   |   | 324 |   |
|      Customer relationships                                |   |                  | 813    |   |   |   | 567 |   |   |   | 246 |   |
|      Non-compete agreements                                |   |                  | 519    |   |   |   | 380 |   |   |   | 139 |   |
|      Supplier relationships                                |   |                  | 399    |   |   |   | 399 |   |   |   | - |   |
|           Total                   |   | $                     | 8,164  |   |   | $ | 3,545 |   |   | $ | 4,619 |   |
|                                                                                |   |                  |   |   |   |   |   |   |   |   |   |   |
| Intangible assets not subject to amortization                                       |   |                  |   |   |   |   |   |   |   |   |   |   |
|      Trademarks                                            |   |                  | 6,857  |   |   |   | - |   |   |   | 6,857 |   |
|           Total                   |   | $                | 6,857  |   |   | $  | - |   |   | $  | 6,857 |   |
|           Total intangible assets |   | $                     | 15,021 |   |   | $ | 3,545 |   |   | $ | 11,476 |   |

|                                                                                |   | As of December 31, 2010 |   |
|-------------------------------------------------------------------------------------|--------|-------------------------|--------|
|                                                                                |   | Gross Carrying Amount   |   |   | Accumulated Amortization |   |   | Net Carrying Amount |   |
| Amortized intangible assets                                                         |   |                    |   |   |   |   |   |   |   |
|      License agreements                                    |   | $                       | 2,944  |   |   | $ | 448 |   |   | $ | 2,496 |   |
|      Core technology                                       |   |                    | 739    |   |   |   | 229 |   |   |   | 510 |   |
|      Patents                                               |   |                    | 2,265  |   |   |   | 1,301 |   |   |   | 964 |   |
|      Product formulas                                      |   |                    | 430    |   |   |   | 103 |   |   |   | 327 |   |
|      Customer relationships                                |   |                    | 813    |   |   |   | 549 |   |   |   | 264 |   |
|      Non-compete agreements                                |   |                    | 519    |   |   |   | 371 |   |   |   | 148 |   |
|      Supplier relationships                                |   |                    | 399    |   |   |   | 386 |   |   |   | 13 |   |
|           Total                   |   | $                       | 8,109  |   |   | $ | 3,387 |   |   | $ | 4,722 |   |
|                                                                                |   |                    |   |   |   |   |   |   |   |   |   |   |
| Intangible assets not subject to amortization                                       |   |                    |   |   |   |   |   |   |   |   |   |   |
|      Trademarks                                            |   |                    | 6,857  |   |   |   | - |   |   |   | 6,857 |   |
|                              |   | $                       | 6,857  |   |   | $ |   |   |   | $ | 6,857 |   |
|           Total intangible assets |   | $                       | 14,966 |   |   | $ | 3,387 |   |   | $ | 11,579 |   |

----

| Long-term debt was as follows:                                                                                                                    |   | March 31, |   |   | December 31, |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------|--------|--------|--------------|--------|
|                                                                                                                                              |   | 2011      |   |   | 2010         |   |
| Revolving credit facility due 2012 with a weighted-average interest rate of 2.75% and 2.65% at March 31, 2011 and December 31, 2010, respectively |   | $         | 3,742  |   |         | $      | 6,100 |   |
| Less - current portion                                                                                                                            |   |      | --     |   |         |   | -- |   |
|                                                                                                                                              |   | $         | 3,742  |   |         | $      | 6,100 |   |

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|                           |   |        |   |   |                            |   |                                        |   |                                |   |
|--------------------------------|--------|-------------|--------|--------|---------------------------------|--------|---------------------------------------------|--------|-------------------------------------|--------|
| Options                        |   | Shares(000) |   |   | Weighted-Average Exercise Price |   | Weighted-Average Remaining Contractual Term |   | AggregateIntrinsic Value($000) |   |
| Outstanding at January 1, 2011 |   |        | 577    |   |                            | $      | 28.08                                       |   |                                |   |   |   |
| Granted                        |   |        | --     |   |                            |   | --                                          |   |                                |   |   |   |
| Exercised                      |   |        | (32)   |   |                            | $      | 14.25                                       |   |                                |   |   |   |
| Forfeited or expired           |   |        | --     |   |                            |   | --                                          |   |                                |   |   |   |
| Outstanding at March 31, 2011  |   |        | 545    |   |                            | $      | 28.90                                       |   | 2.58 yrs                            |   | $ | 2,542 |   |
| Exercisable at March 31, 2011  |   |        | 545    |   |                            | $      | 28.90                                       |   | 2.58 yrs                            |   | $ | 2,542 |   |

|                                      |   | Shares(000) |   |   | Weighted-AverageGrant DateFair Value |   |
|-------------------------------------------|--------|-------------|--------|--------|--------------------------------------|--------|
| Non-vested equity shares, January 1, 2011 |   |        | 193    |   |                                 | $      | 21.62 |   |
| Granted                                   |   |        | 54     |   |                                 | $      | 30.30 |   |
| Vested                                    |   |        | (65)   |   |                                 | $      | 22.72 |   |
| Forfeited                                 |   |        | --     |   |                                 |   | -- |   |
| Non-vested equity shares, March 31, 2010  |   |        | 182    |   |                                 | $      | 23.78 |   |

| 10. |           COMPREHENSIVE INCOME: |
|-----|-----------------------------------------------------------------------------------|

|                                                 |   | Three Months EndedMarch 31, |   |   |
|------------------------------------------------------|--------|-----------------------------|--------|--------|
|                                                 |   | 2011                        |   |   | 2010 |   |   |
|                                                 |   |                        |   |   |   |   |   |   |   |
| Net income                                           |   | $                           | 4,000  |   |   | $ | 3,588 |   |   |
| Foreign currency translation adjustments, net of tax |   |                        | 180    |   |   |   |   (235) |   |   |   |
| Comprehensive income                                 |   | $                      | 4,180  |   |   | $  | 3,323 |   |   |   |

----

|                                                               |   | Three Months EndedMarch 31, |   |   |
|--------------------------------------------------------------------|--------|-----------------------------|--------|--------|
|                                                               |   | 2011                        |   |   | 2010 |   |   |
|                                                               |   |                        |   |   |   |   |   |   |   |
| Net income                                                         |   | $                           | 4,000  |   |   | $ | 3,588 |   |   |
| Weighted average shares outstanding for basic earnings per share   |   |                        | 8,010  |   |   |   | 7,984 |   |   |   |
| Dilutive effect of stock options and restricted stock              |   |                        | 64     |   |   |   | 76 |   |   |   |
| Weighted average shares outstanding for diluted earnings per share |   |                        | 8,074  |   |   |   | 8,060 |   |   |   |
| Basic earnings per share                                           |   | $                           | 0.50   |   |   | $ | 0.45 |   |   |   |
| Diluted earnings per share                                         |   | $                           | 0.50   |   |   | $ | 0.44 |   |   |   |
| Dividends declared per share                                       |   | $                           | 0.04   |   |   | $ | 0.04 |   |   |   |

----

|                                              |   | Three Months EndedMarch 31, |                                                                                   |
|---------------------------------------------------|--------|-----------------------------|----------------------------------------------------------------------------------------|
|                                              |   | 2011                        |                                                                                   |   | 2010 |   |
|                                              |   |                        |                                                                                   |
| Balance, December 31                              |   | $                           |            293             |   |   | $ | 292 |   |
| Accruals for warranties issued during the quarter |   |                        |              45  |   |   |   | 180 |   |
| Warranty settlements made during the quarter      |   |                        | (12)                                                                                   |   |   |   | (195 | ) |
| Balance, March 31                                 |   | $                           |            326             |   |   | $ | 277 |   |

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

|   | ISSUER PURCHASES OF EQUITY SECURITIES (in thousands, except per share data) (1) |
|--------|---------------------------------------------------------------------------------|

|              Period |   | Total Number of Shares Purchased |   |   | Average Price Paid per Share |   |   | Total Number of Shares Purchased as Part of Publicly Announced Program |   |   | Maximum Number of Shares that May Yet Be Purchased Under the Program |   |
|--------------------------------------------------------------------------------------|--------|----------------------------------|--------|--------|------------------------------|--------|--------|------------------------------------------------------------------------|--------|--------|----------------------------------------------------------------------|--------|
| March 2011                                                                           |   |                             | 16     |   |                         | $      | 30.40  |                                                                   |   |   | 16                                                                   |   |   |   | 500 |   |
| Total First Quarter 2011                                                             |   |                             | 16     |   |                         | $      | 30.40  |                                                                   |   |   | 16                                                                   |   |   |   | 500 |   |

| (1)   | The share repurchase program authorizing the purchase of up to 500,000 shares was announced July 19, 2010. The authorization will expire July 31, 2011 and replaces the previous share repurchase program which expired in July 2010. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

|   | Exhibits. |
|--------|-----------|

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|         | YOUNG INNOVATIONS, INC.                                      |
|--------------|--------------------------------------------------------------|
|         |                                                         |
|         | /s/     Alfred E. Brennan, Jr.      |
| May 10, 2011 | ------------------------------------------------------------ |
| Date         | Alfred E. Brennan, Jr.                                       |
|         | Chief Executive Officer                                      |
|         |                                                         |
|         | /s/     Arthur L. Herbst, Jr.       |
|         | ------------------------------------------------------------ |
|         | Arthur L. Herbst, Jr.                                        |
|         | President and Chief Financial Officer                        |