----

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|                                                                                                                                                                                                             |   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
|  FORM      10-KANNUAL      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES      EXCHANGE ACT OF 1934 For      the fiscal year ended December 31, 2007 Commission      file number 1-12551 |
|                                                                                                                                                                                                             |   |   |

| COLORADO(State      or other jurisdiction ofincorporation      or organization)                              |   | 84-1250533(I.R.S.      Employer Identification No.) |
|--------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------|
|                                                                                                         |   |                                                |
| ONE      CANTERBURY GREEN201      BROAD STREETSTAMFORD,      CT(Address      of principal executive offices) |   | 06901(Zip      Code)                                |

|   |   |   |
|--------|--------|--------|

| Title      of Each Class                     |   | Name      of Each Exchange on Which Registered |
|----------------------------------------------|--------|------------------------------------------------|
| Common      Stock, par value $0.01 per share |   | New      York Stock Exchange                   |

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----

----

|     | PART      I                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |          |   |
|----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|--------|
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |          |   |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | PAGE          |   |
| Item 1.  | Business                                                                                                                                                                   | 1             |   |
| Item 1A. | Risk      Factors                                                                                                                                                          |        7 |   |
| Item 1B. | Unresolved      Staff      Comments                                                                                                                                        | 10            |   |
| Item 2.  | Properties                                                                                                                                                                 | 10            |   |
| Item 3.  | Legal      Proceedings                                                                                                                                                     | 10            |   |
| Item 4.  | Submission      of Matters to a Vote of Security      Holders                                                                                                              | 10            |   |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |          |   |
|     | PART      II                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |          |   |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |          |   |
| Item 5.  | Market      for Registrant’s Common Equity, Related Shareholder                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |          |   |
|     | Matters      and Issuer Purchases of Equity      Securities                                                                                                                                    | 11            |   |
| Item 6.  | Selected      Financial      Data                                                                                                                                          | 12            |   |
| Item 7.  | Management’s      Discussion and Analysis of Financial Condition                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |          |   |
|     | and      Results of      Operations                                                                                                                                                            | 13            |   |
| Item 7A. | Quantitative      and Qualitative Disclosures About Market Risk                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 26            |   |
| Item 8.  | Financial      Statements and Supplementary      Data                                                                                                                      | 27            |   |
| Item 9.  | Changes      in and Disagreements with Accountants on Accounting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |          |   |
|     | and      Financial      Disclosure                                                                                                                                                             | 81            |   |
| Item 9A. | Controls      and      Procedures                                                                                                                                          | 81            |   |
| Item 9B. | Other      Information                                                                                                                                                     | 84            |   |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |          |   |
|     | PART      III                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |          |   |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |          |   |
| Item 10. | Directors,      Executive Officers and Corporate Governance                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 84            |   |
| Item 11. | Executive      Compensation                                                                                                                                                | 84            |   |
| Item 12. | Security      Ownership of Certain Beneficial Owners and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |          |   |
|     | Management      and Related Shareholder      Matters                                                                                                                                           | 84            |   |
| Item 13. | Certain      Relationships and Related Transactions, and Director      Independence                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 84            |   |
| Item 14. | Principal      Accountant Fees and      Services                                                                                                                           | 84            |   |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |          |   |
|     | PART      IV                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |          |   |
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |          |   |
| Item 15. | Exhibits      and Financial Statement      Schedules                                                                                                                       | 84            |   |

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Item 1.  Business

----

|   | · | direct      mail and customized envelopes for advertising, billing and      remittance; |
|--------|--------|-----------------------------------------------------------------------------------------|

|   | · | custom      labels and specialty forms; and |
|--------|--------|---------------------------------------------|

|   | · | stock      envelopes, labels and businessforms. |
|--------|--------|-------------------------------------------------|

|   | · | high-end      color printing of a wide range of premium products for national and      regional customers; |
|--------|--------|------------------------------------------------------------------------------------------------------------|

|   | · | general      commercial printing for regional and local  customers; |
|--------|--------|---------------------------------------------------------------------|

|   | · | scientific,      technical and medical (“STM”) journals and special interest and trade      magazines for not-for-profit organizations, educational institutions and      specialty publishers; and |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | specialty      packaging and high quality promotional materials for multinational      consumer products companies. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------|

----

----

----

| Name                                                                                                                                                                                                                                                                                                                                              |   | Age    |                                                        | Position |   | YearElected      toPresentPosition |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-------------------------------------------------------------|----------|--------|------------------------------------|--------|
| Robert      G. Burton,      Sr.                                                    | 68     |   | Chairman      and Chief Executive Officer                   | 2005     |
| Mark      S.      Hiltwein                                                         | 44     |   | Chief      Financial Officer                                | 2007     |
| Dean      Cherry                                                                   | 47     |   | President,      Envelope Group                              | 2008     |
| Timothy      M.      Davis                                                         | 53     |   | Senior      Vice President, General Counsel & Secretary | 2006     |
| Sean      S.      Sullivan                                                         | 40     |   | President,      Commercial Print and Packaging              | 2007     |
|                                                                                                                                                                                                                                                                                                                                              |   |   |                                                        |     |

----

----

Item 1A. Risk Factors

|   | · | requiring      a substantial portion of our cash flow from operations to be dedicated to      the payment of principal and interest on indebtedness instead of funding      working capital, capital expenditures, acquisitions and other business      purposes; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | making      it more difficult for us to satisfy all of our debt obligations, thereby      increasing the risk of triggering a cross-default    provision; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | increasing      our vulnerability to economic downturns or other adverse developments      relative to less leveragedcompetitors; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------|

|   | · | limiting      our ability to obtain additional financing for working capital, capital      expenditures, acquisitions or other corporate purposes in the future;      and |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | increasing      our cost of borrowing to satisfy businessneeds. |
|--------|--------|-----------------------------------------------------------------|

|   | · | incur      or guarantee additionalindebtedness; |
|--------|--------|-------------------------------------------------|

|   | · | make      restricted payments, includingdividends; |
|--------|--------|----------------------------------------------------|

|   | · | create      or permit certain liens; |
|--------|--------|--------------------------------------|

|   | · | enter      into business combinations and asset sale  transactions; |
|--------|--------|---------------------------------------------------------------------|

|   | · | make      investments; |
|--------|--------|------------------------|

|   | · | enter      into transactions with affiliates;and |
|--------|--------|--------------------------------------------------|

|   | · | enter      into new businesses. |
|--------|--------|---------------------------------|

----

----

----

Item 1B. Unresolved Staff Comments

Item 2. Properties

Item 3. Legal Proceedings

Item 4. Submission of Matters to a Vote of SecurityHolders

----

Item 5. Market for Registrant’s Common Equity, Related ShareholderMatters and Issuer Purchases of Equity Securities

| 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | High   |   | Low    |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
| First      Quarter                                                                                             | $      | 24.86  |   | $      | 20.10 |   |
| Second      Quarter                                                                                            |   | 26.76  |   |   | 21.91 |   |
| Third      Quarter                                                                                             |   | 24.51  |   |   | 17.67 |   |
| Fourth      Quarter                                                                                            |   | 24.15  |   |   | 17.21 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   |   |   |
| 2006                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | High   |   | Low    |   |
| First      Quarter                                                                                             | $      | 16.58  |   | $      | 12.75 |   |
| Second      Quarter                                                                                            |   | 19.96  |   |   | 15.01 |   |
| Third      Quarter                                                                                             |   | 21.70  |   |   | 17.32 |   |
| Fourth      Quarter                                                                                            |   | 21.86  |   |   | 17.79 |   |

----

Item 6. Selected Financial Data

|                                                          | Years      Ended December 31,              |      |
|---------------------------------------------------------------|--------------------------------------------|-----------|
|                                                          |                                       |      |   |   |   |   |   |   |   |   |
|                                                          | 2007                                       |      | 2006(2) |   | 2005 |   | 2004 |   | 2003 |   |
|                                                          | (in      thousands, except per share data) |      |
| Net      sales                                                | $                                          | 2,046,716 |   | $ | 1,511,224 |   | $ | 1,594,781 |   | $ | 1,597,652 |   | $ | 1,531,486 |   |
| Restructuring,      impairment and other      charges         |                                       | (40,086   | ) |   | (41,096 | ) |   | (77,254 | ) |   | (5,407 | ) |   | (6,860 | ) |
| Operating      income (loss)                                  |                                       | 137,550   |   |   | 63,395 |   |   | (26,310 | )  |   | 37,428 |   |   | 47,798 |   |
| Loss      on early extinguishment of      debt           |                                       | (9,256    | ) |   | (32,744 | )  |   | — |   |   | (17,748 | )  |   | — |   |
| Income      (loss) from continuing operations                 |                                       | 23,985    |   |   | (11,148 | ) |   | (148,101 | ) |   | (44,708 | ) |   | (17,884 | ) |
| Income      from discontinued operations,      net of taxes   |                                       | 16,796    | (1) |   | 126,519 | (3) |   | 13,049 |   |   | 25,000 |   |   | 23,356 |   |
| Cumulative      effect of change in accounting      principle |                                       | —   |   |   | — |   |   | — |   |   | — |   |   | (322 | ) |
| Net      income (loss)                                        |                                       | 40,781    | (1) |   | 115,371 | (3) |   | (135,052 | ) |   | (19,708 | )  |   | 5,150 |   |
| Income      (loss) per share from continuing operations: |                                       |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Basic                                 |                                       | 0.45      |   |   | (0.21 | ) |   | (2.96 | ) |   | (0.94 | ) |   | (0.38 | ) |
|     Diluted                               |                                       | 0.44      |   |   | (0.21 | ) |   | (2.96 | ) |   | (0.94 | ) |   | (0.38 | ) |
| Income      (loss) per share from discontinued operations:    |                                       |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Basic                                 |                                       | 0.31      |   |   | 2.38 |   |   | 0.26 |   |   | 0.53 |   |   | 0.49 |   |
|     Diluted                               |                                       | 0.31      |   |   | 2.38 |   |   | 0.26 |   |   | 0.53 |   |   | 0.49 |   |
| Net      income (loss) per share:                             |                                       |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Basic                                 |                                       | 0.76      |   |   | 2.17 |   |   | (2.70 | ) |   | (0.41 | )  |   | 0.11 |   |
|     Diluted                               |                                       | 0.75      |   |   | 2.17 |   |   | (2.70 | ) |   | (0.41 | )  |   | 0.11 |   |
| Total      assets                                             |                                       | 2,002,722 |   |   | 999,892 |   |   | 1,079,564 |   |   | 1,174,747 |   |   | 1,111,446 |   |
| Total      long-term debt, including      current maturities  |                                       | 1,444,637 |   |   | 675,295 |   |   | 812,136 |   |   | 769,769 |   |   | 748,961 |   |

| (2) | As      Restated, see Note 2 to the consolidated financial statements included in      Item 8 of this Annual Report on Form10-K. |
|-----|----------------------------------------------------------------------------------------------------------------------------------|

| (3) | Includes      a $113.5 million gain on a disposal of discontinued operations, net of      taxes of $22.5 million. |
|-----|-------------------------------------------------------------------------------------------------------------------|

----

Item 7.  Management’s Discussion and Analysis of FinancialCondition and Results of Operations

|   | · | direct      mail and customized envelopes for advertising, billing and      remittance; |
|--------|--------|-----------------------------------------------------------------------------------------|

|   | · | custom      labels and specialty forms; and |
|--------|--------|---------------------------------------------|

|   | · | stock      envelopes, labels and businessforms. |
|--------|--------|-------------------------------------------------|

|   | · | high-end      color printing of a wide range of premium products for national and      regional customers; |
|--------|--------|------------------------------------------------------------------------------------------------------------|

|   | · | general      commercial printing for regional and local  customers; |
|--------|--------|---------------------------------------------------------------------|

|   | · | scientific,      technical and medical (“STM”) journals and special interest and trade      magazines for not-for-profit organizations, educational institutions and      specialty publishers; and |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | specialty      packaging and high quality promotional materials for multinational      consumer products companies. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------|

----

|   | · | Improve our Cost Structure and      Profitability. We have      implemented two cost savings plans: the 2007 Cost Savings and Integration      Plan, which we refer to as the 2007 Plan, and the 2005 Cost Savings and      Restructuring Plan, which we refer to as the 2005 Plan. The 2007 Plan      relates to activities undertaken in connection with our 2007 acquisitions      of Printegra, Cadmus, ColorGraphics and Commercial Envelope, which we      refer to as the 2007 Acquisitions.  Under the 2007 Plan, we      closed six manufacturing facilities and integrated those operations into      acquired and existing operations.   The 2005 Plan, which      was completed in the fourth quarter of 2007, included such actions as      consolidating our purchasing activities and manufacturing platform      including closing two manufacturing facilities in 2007 that were      integrated into existing operations, reducing corporate and field      personnel, streamlining our information technology infrastructure and      elimination of discretionaryspending. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Capitalize on Scale      Advantages.  We believe      there are significant advantages to being a large competitor in a highly      fragmented industry.  We seek to capitalize on our size,      geographic footprint and broad product lines to offer one-stop shopping      and enhance our overall value proposition.  As we grow in scale      and increase our operating leverage, we seek to realize better profit      margins through improvements in manufacturing facility      utilization. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Enhance the Supply      Chain. We continue to      work with our core suppliers to improve all aspects of our purchasing and      other logistics as well as to ensure a stable source of supply. We seek to      lower costs through more favorable pricing and payment terms, more      effective inventory management and improved communications with vendors.      We continue to consolidate our suppliers of key production inputs such as      paper and ink, and believe that significant opportunities exist in      optimizing the rest of our supplychain. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Seek Products and Processing      Improvements.  We      encourage regular review of our product offerings, manufacturing processes      and distribution methods to ensure that we take advantage of new      technology when practical and meet the changing needs of our customers and      the demands of a global economy.  We seek to enter into growth      product markets in which we may have competitive advantages based on our      existing infrastructure, operating expertise and customer      relationships.  Pharmaceutical labels, direct mail, and      specialty packaging are examples of growth areas into which we recently      expanded.  By expanding our product offerings, we intend to      increase cross-selling opportunities to our existing customer base and      mitigate the impact of any decline in a given  market. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Pursue Strategic      Acquisitions.  We      continue to selectively review opportunities to expand within growing      niche markets, broaden our product offerings and increase our economies of      scale through acquisitions.  We will pursue reasonably-priced      opportunities that we expect to yield greater profitability and cash flow      or improved operating efficiencies, such as increased utilization of our      assets.  Since July 2006, we have completed five acquisitions      that we believe will continue to enhance our operating margins and deliver      economies of scale.  We believe our acquisition strategy will      allow us to both realize increased revenue and cost-saving synergies, and      apply our management expertise to improve the operations of acquired      entities. For example, our acquisition of Commercial Envelope strengthened      our position in the direct mail market and will allow us to enhance our      raw material purchasing power and rationalize our manufacturing      platform.  Our acquisition of Rx Technology in July 2006 gave us      an entry into the pharmaceutical labels business, which has high barriers      to entry, while also allowing us to cross-sell a broader product platform      to new and existing customers. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Years      Ended December 31,                |                                                                                 |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------|--------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 2007                                         |                                                                                 | 2006 |   | 2005 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | (in      thousands, except per share amount) |                                                                                 |
| Division      net      sales                                                                                                         | $                                            | 2,046,716                                                                            |   | $ | 1,501,869 |   | $ | 1,551,008 |   |
| Divested      operations                                                                                                                                      |                                         | —                                                                              |   |   | 9,355 |   |   | 43,773 |   |
| Net      sales                                                                                                                       | $                                            | 2,046,716                                                                            |   | $ | 1,511,224 |   | $ | 1,594,781 |   |
| Operating      income (loss):                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |                                         |                                                                                 |   |   |   |   |   |   |   |
| Envelopes,      forms and      labels                                                                                                                         | $                                            | 117,342                                                                              |   | $ | 82,753 |   | $ | 51,830 |   |
| Commercial      printing                                                                                                                                      |                                         | 55,085                                                                               |   |   | 13,606 |   |   | (30,675 | ) |
| Corporate                                                                                                                                                     |                                         | (34,877                                                                              | ) |   | (32,964 | ) |   | (47,465 | )  |
| Total      operating income      (loss)                                                                                              |                                         | 137,550                                                                              |   |   | 63,395 |   |   | (26,310 | )  |
| (Gain)      loss on sale of non-strategic businesses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                         | (189                                                                                 | ) |   | 2,035 |   |   | 4,479 |   |
| Interest      expense,      net                                                                                                                               |                                         | 91,467                                                                               |   |   | 60,980 |   |   | 73,821 |   |
| Loss      on early extinguishment of      debt                                                                                                                |                                         | 9,256                                                                                |   |   | 32,744 |   |   | — |   |
| Other      expense (income),      net                                                                                                                         |                                         | 3,131                                                                                |   |   | (78 | ) |   | 1,143 |   |
| Income      (loss) from continuing operations before income taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                         | 33,885                                                                               |   |   | (32,286 | ) |   | (105,753 | ) |
| Income      tax expense      (benefit)                                                                                                                        |                                         | 9,900                                                                                |   |   | (21,138 | ) |   | 42,348 |   |
| Income      (loss) from continuing      operations                                                                                   |                                         | 23,985                                                                               |   |   | (11,148 | ) |   | (148,101 | ) |
| Income      from discontinued operations, net of taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                         | 16,796                                                                               |   |   | 126,519 |   |   | 13,049 |   |
| Net      income      (loss)                                                                                                          | $                                            |              40,781 |   | $ |            115,371 |   | $ |          (135,052 | ) |
| Income      (loss) per share—basic:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                         |                                                                                 |   |   |   |   |   |   |   |
| Continuing      operations                                                                                                                                    | $                                            | 0.45                                                                                 |   | $ | (0.21 | ) | $ | (2.96 | ) |
| Discontinued      operations                                                                                                                                  |                                         | 0.31                                                                                 |   |   | 2.38 |   |   | 0.26 |   |
| Net      income      (loss)                                                                                                                                   | $                                            | 0.76                                                                                 |   | $ | 2.17 |   | $ | (2.70 | ) |
| Income      (loss) per share—diluted:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                         |                                                                                 |   |   |   |   |   |   |   |
| Continuing      operations                                                                                                                                    | $                                            | 0.44                                                                                 |   | $ | (0.21 | ) | $ | (2.96 | ) |
| Discontinued      operations                                                                                                                                  |                                         | 0.31                                                                                 |   |   | 2.38 |   |   | 0.26 |   |
| Net      income      (loss)                                                                                                                                   | $                                            | 0.75                                                                                 |   | $ | 2.17 |   | $ | (2.70 | ) |

----

----

|                                                     | 2007                |   | 2006    |   | 2005    |   |
|----------------------------------------------------------|---------------------|--------|---------|--------|---------|--------|
|                                                     | (in      thousands) |   |
| Income      tax expense (benefit) for U.S. operations    | $                   | 11,903 |    | $      | (21,418 | )      | $ | 41,992 |   |
| Income      tax (benefit) expense for foreign operations |                | (2,003 | )  |   | 280     |   |   | 356 |   |
| Income      tax expense (benefit)                        | $                   | 9,900  |    | $      | (21,138 | )      | $ | 42,348 |   |
| Effective      income tax rate                           |                | 29.2   | %       |   | (65.5   | )%     |   | 40.0 | % |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 2007                |    | 2006   |   | 2005    |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------|---------|--------|--------|---------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | (in      thousands) |    |
| Segment      net      sales                                                                                            | $                   | 897,722 |   | $      | 780,696 |   | $ | 767,403 |   |
| Divested      operations                                                                                                                        |                | — |   |   | — |   |   | (8,502 | ) |
| Division      net      sales                                                                                           | $                   | 897,722 |   | $      | 780,696 |   | $ | 758,901 |   |
| Segment      operating      income                                                                                     | $                   | 117,342 |   | $      | 82,753  |   | $ | 51,830 |   |
| Operating      income      margin                                                                                      |                | 13.1    | %      |   | 10.6    | %      |   | 6.8 | % |
| Items      included in segment operating income (loss):                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |                |    |   |   |    |   |   |   |   |
|        Restructuring      and impairment charges                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | $                   | 11,350  |   | $      | 18,336  |   | $ | 12,540 |   |
|        Operating      (loss) from divested operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                | — |   |   | — |   |   | (341 | ) |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 2007                |      | 2006   |   | 2005    |    |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------|-----------|--------|--------|---------|---------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | (in      thousands) |      |
| Segment      net      sales                                                                                                   | $                   | 1,148,994 |   | $      | 730,528 |    | $ | 827,378 |   |
| Divested      operations                                                                                                                               |                | —   |   |   | (9,355  | )       |   | (35,271 | ) |
| Division      net      sales                                                                                                  | $                   | 1,148,994 |   | $      | 721,173 |    | $ | 792,107 |   |
| Segment      operating income      (loss)                                                                                     | $                   | 55,085    |   | $      | 13,606  |    | $ | (30,675 | ) |
| Operating      income      margin                                                                                             |                | 4.8       | %      |   | 1.9     | %       |   | (3.7 | )% |
| Items      included in segment operating income (loss):                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                |      |   |   |    |    |   |   |   |
|        Restructuring      and impairment charges                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $                   | 28,279    |   | $      | 21,560  |    | $ | 36,367 |   |
|        Operating      (loss) income from divested operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                | —   |   |   | (1,375  | )  |   | 686 |   |

----

| Payments      Due                                                                                                                                                                                                                                    |   | Long-TermDebt(1) |      | OperatingLeases |    | OtherLong-TermObligations(2) |   | PurchaseCommitmentsand      Other(3) |    | Total  |    |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------|-----------|-----------------|---------|------------------------------|--------|--------------------------------------|---------|--------|---------|
| 2008                                              |   | $                | 127,384   |            | $  | 34,944                       |   | $                               | 27,320  |   | $  | 11,156 |   | $  | 200,804 |   |
| 2009                                              |   |             | 122,310   |            |    | 27,555                       |   |                                 | 13,964  |   |    | — |   |   | 163,829 |   |
| 2010                                              |   |             | 119,704   |            |    | 21,251                       |   |                                 | 18,546  |   |    | — |   |   | 159,501 |   |
| 2011                                              |   |             | 117,200   |            |    | 16,613                       |   |                                 | 6,341   |   |    | — |   |   | 140,154 |   |
| 2012                                              |   |             | 200,032   |            |    | 12,833                       |   |                                 | 2,510   |   |    | — |   |   | 215,375 |   |
| Thereafter                                        |   |             | 1,390,893 |            |    | 33,514                       |   |                                 | 49,704  |   |    | — |   |   | 1,474,111 |   |
| Total                                             |   | $                | 2,077,523 |            | $       | 146,710                      |   | $                                    | 118,385 |   | $       | 11,156 |   | $ | 2,353,774 |   |

| (1) | Includes      estimated interest expense over the term of long-term debt with variable      rate debt having an average interest rate of  6.0%. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Includes      pension and other postretirement benefit obligations, anticipated worker’s      compensation claims, restructuring liabilities, including interest expense      on lease terminations, income tax contingencies and derivative      liabilities. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Purchase      commitments and other consists primarily of payments for      equipment. |
|-----|----------------------------------------------------------------------------------------|

----

----

----

| Rating      Agency                                                                                                                                                                                                                                                                                            |   | CorporateRating |   |  AmendedCreditFacilities |   | 77⁄8%Notes |   | 83⁄8%Notes |   | Last      Update    |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------|--------|-------------------------------|--------|----------------|--------|----------------|--------|---------------------|--------|
| Standard      &      Poor’s                                             |   | BB-             |   | BB+                           |   | B              |   | B              |   | December      2007  |   |
| Moody’s                                                                     |   | B1              |   | Ba2                           |   | B3             |   | B3             |   | September      2007 |   |

----

----

----

Item 7A. Quantitative and Qualitative Disclosures About MarketRisk

----

Item 8. Financial Statements and Supplementary Data

----

|   | /s/ ERNST & YOUNG      LLP |
|--------|--------------------------------|

----

|                                                                                                                                                                                                                                                                                                     |   | December      31, |      |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|-----------|
|                                                                                                                                                                                                                                                                                                     |   |              |      | As      Restated |   |
|                                                                                                                                                                                                                                                                                                     |   | 2007              |      | 2006 |   |
| Assets                                                                                                                                                                                                                                                                                                   |   |              |      |   |   |   |   |
| Current      assets:                                                                                                                                                                                                                                                                                     |   |              |      |   |   |   |   |
|     Cash      and cash equivalents                                                                                                                                                                                                                                                   |   | $                 | 15,882    |   | $ | 10,558 |   |
|     Accounts      receivable, net                                                                                                                                                                                                                                                    |   |              | 344,634   |   |   | 228,912 |   |
|     Inventories                                                                                                                                                                                                                                                                      |   |              | 162,908   |   |   | 91,534 |   |
|     Assets      held for sale                                                                                                                                                                                                                                                        |   |              | —   |   |   | 51,966 |   |
|     Prepaid      and other current assets                                                                                                                                                                                                                                            |   |              | 73,358    |   |   | 41,413 |   |
|         Total      current assets                                                                                                                                                                                                                                |   |              | 596,782   |   |   | 424,383 |   |
|                                                                                                                                                                                                                                                                                                     |   |              |      |   |   |   |   |
| Property,      plant and equipment, net                                                                                                                                                                                                                                                                  |   |              | 428,341   |   |   | 251,103 |   |
| Goodwill                                                                                                                                                                                                                                                                                                 |   |              | 669,802   |   |   | 258,136 |   |
| Other      intangible assets, net                                                                                                                                                                                                                                                                        |   |              | 270,622   |   |   | 31,985 |   |
| Other      assets, net                                                                                                                                                                                                                                                                                   |   |              | 37,175    |   |   | 34,285 |   |
|     Total      assets                                                                                                                                                                                                                                                                |   | $                 | 2,002,722 |   | $ | 999,892 |   |
| Liabilities      and Shareholders’ Equity                                                                                                                                                                                                                                                          |   |              |      |   |   |   |   |
|                                                                                                                                                                                                                                                                                                     |   |              |      |   |   |   |   |
| Current      liabilities:                                                                                                                                                                                                                                                                                |   |              |      |   |   |   |   |
|     Current      maturities of long-term debt                                                                                                                                                                                                                                        |   | $                 | 18,752    |   | $ | 7,513 |   |
|     Accounts      Payable                                                                                                                                                                                                                                                            |   |              | 165,458   |   |   | 116,180 |   |
|     Accrued      compensation and related liabilities                                                                                                                                                                                                                                |   |              | 47,153    |   |   | 40,242 |   |
|     Other      current liabilities                                                                                                                                                                                                                                                   |   |              | 79,554    |   |   | 63,812 |   |
|         Total      current liabilities                                                                                                                                                                                                                           |   |              | 310,917   |   |   | 227,747 |   |
|                                                                                                                                                                                                                                                                                                     |   |              |      |   |   |   |   |
| Long-term      debt                                                                                                                                                                                                                                                                                      |   |              | 1,425,885 |   |   | 667,782 |   |
| Deferred      income taxes                                                                                                                                                                                                                                                                               |   |              | 55,181    |   |   | 4,356 |   |
| Other      liabilities                                                                                                                                                                                                                                                                                   |   |              | 111,413   |   |   | 41,550 |   |
| Commitments      and contingencies                                                                                                                                                                                                                                                                       |   |              |      |   |   |   |   |
| Shareholders’      equity:                                                                                                                                                                                                                                                                         |   |              |      |   |   |   |   |
|     Preferred      stock, $0.01 par value; 25 shares authorized,      none      issued                                                                                                                                                                 |   |              | —   |   |   | — |   |
|     Common      stock, $0.01 par value; 100,000 shares      authorized,      53,700 and 53,515 shares issued and      outstanding      as of December 31, 2007 and 2006,      respectively |   |              | 537       |   |   | 535 |   |
|     Paid-in      capital                                                                                                                                                                                                                                                             |   |              | 254,241   |   |   | 244,894 |   |
|     Retained      deficit                                                                                                                                                                                                                                                            |   |              | (148,939  | ) |   | (189,720 | ) |
|     Accumulated      other comprehensive (loss) income                                                                                                                                                                                                                               |   |              | (6,513    | )  |   | 2,748 |   |
|         Total      shareholders’ equity                                                                                                                                                                                                                    |   |              | 99,326    |   |   | 58,457 |   |
|     Total      liabilities and shareholders’ equity                                                                                                                                                                                                                            |   | $                 | 2,002,722 |   | $ | 999,892 |   |

----

|                                                                                                 |   | Years      Ended December 31, |      |
|------------------------------------------------------------------------------------------------------|--------|-------------------------------|-----------|
|                                                                                                 |   |                          |      | As      Restated |   |   |   |
|                                                                                                 |   | 2007                          |      | 2006 |   | 2005 |   |
| Net      sales                                                                                       |   | $                             | 2,046,716 |   | $ | 1,511,224 |   | $ | 1,594,781 |   |
| Cost      of sales                                                                                   |   |                          | 1,628,706 |   |   | 1,211,784 |   |   | 1,319,950 |   |
| Selling,      general and administrative                                                             |   |                          | 229,961   |   |   | 189,476 |   |   | 218,740 |   |
| Amortization      of intangible assets                                                               |   |                          | 10,413    |   |   | 5,473 |   |   | 5,147 |   |
| Restructuring,      impairment and other charges                                                     |   |                          | 40,086    |   |   | 41,096 |   |   | 77,254 |   |
|   Operating      income (loss)                                                             |   |                          | 137,550   |   |   | 63,395 |   |   | (26,310 | ) |
| (Gain)      loss on sale of non-strategic businesses                                                 |   |                          | (189      | )  |   | 2,035 |   |   | 4,479 |   |
| Interest      expense, net                                                                           |   |                          | 91,467    |   |   | 60,980 |   |   | 73,821 |   |
| Loss      on early extinguishment of debt                                                            |   |                          | 9,256     |   |   | 32,744 |   |   | — |   |
| Other      expense (income), net                                                                     |   |                          | 3,131     |   |   | (78 | )  |   | 1,143 |   |
|   Income      (loss) from continuing operations before income    taxes |   |                          | 33,885    |   |   | (32,286 | ) |   | (105,753 | ) |
| Income      tax expense (benefit)                                                                    |   |                          | 9,900     |   |   | (21,138 | ) |   | 42,348 |   |
|   Income      (loss) from continuing operations                                            |   |                          | 23,985    |   |   | (11,148 | ) |   | (148,101 | ) |
| Income      from discontinued operations, net of taxes                                               |   |                          | 16,796    |   |   | 126,519 |   |   | 13,049 |   |
|   Net      income (loss)                                                                   |   | $                             | 40,781    |   | $ | 115,371 |   | $ | (135,052 | ) |
| Income      (loss) per share—basic:                                                            |   |                          |      |   |   |   |   |   |   |   |
|     Continuing      operations                                                   |   | $                             | 0.45      |   | $ | (0.21 | ) | $ | (2.96 | ) |
|     Discontinued      operations                                                 |   |                          | 0.31      |   |   | 2.38 |   |   | 0.26 |   |
|     Net      income (loss)                                                       |   | $                             | 0.76      |   | $ | 2.17 |   | $ | (2.70 | ) |
| Income      (loss) per share—diluted:                                                          |   |                          |      |   |   |   |   |   |   |   |
|     Continuing      operations                                                   |   | $                             | 0.44      |   | $ | (0.21 | ) | $ | (2.96 | ) |
|     Discontinued      operations                                                 |   |                          | 0.31      |   |   | 2.38 |   |   | 0.26 |   |
|     Net      income (loss)                                                       |   | $                             | 0.75      |   | $ | 2.17 |   | $ | (2.70 | ) |
| Weighted      average shares:                                                                        |   |                          |      |   |   |   |   |   |   |   |
|     Basic                                                                        |   |                          | 53,584    |   |   | 53,288 |   |   | 50,038 |   |
|     Diluted                                                                      |   |                          | 54,645    |   |   | 53,288 |   |   | 50,038 |   |

----

|                                                                                                                                                                      | Years      Ended December 31, |     |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------|----------|
|                                                                                                                                                                      |                          |     | As      Restated |   |   |   |
|                                                                                                                                                                      | 2007                          |     | 2006 |   | 2005 |   |
| Cash      flows from operating activities:                                                                                                                                |                          |     |   |   |   |   |   |   |   |
|   Net      income (loss)                                                                                                                                        | $                             | 40,781   |   | $ | 115,371 |   | $ | (135,052 | ) |
|   Adjustments      to reconcile net income (loss) to net cash    provided      by (used in) operating activities:                           |                          |     |   |   |   |   |   |   |   |
|       Gain      on sale of discontinued operations, net of taxes                                                                            |                          | (17,007  | ) |   | (113,477 | ) |   | — |   |
|       Loss      (income) from discontinued operations, net of taxes                                                                         |                          | 211      |   |   | (13,042 | ) |   | (13,049 | ) |
|       Depreciation                                                                                                                          |                          | 55,095   |   |   | 35,220 |   |   | 43,101 |   |
|       Amortization      of other intangible assets                                                                                          |                          | 10,413   |   |   | 5,473 |   |   | 5,147 |   |
|       Non-cash      interest expense, net                                                                                                   |                          | 1,410    |   |   | 1,728 |   |   | 3,603 |   |
|       Deferred      income taxes                                                                                                            |                          | 8,763    |   |   | (24,842 | ) |   | 35,665 |   |
|       Non-cash      restructuring, impairment and other charges, net                                                                        |                          | 19,729   |   |   | 10,346 |   |   | 32,010 |   |
|       Loss      on early extinguishment of debt                                                                                             |                          | 9,256    |   |   | 32,744 |   |   | — |   |
|       (Gain)      loss on sale of non-strategic businesses                                                                                  |                          | (189     | ) |   | 2,035 |   |   | 4,479 |   |
|       Provisions      for bad debts                                                                                                         |                          | 5,363    |   |   | 4,345 |   |   | 3,427 |   |
|       Provisions      for inventory obsolescence                                                                                            |                          | 2,851    |   |   | 1,900 |   |   | 2,936 |   |
|       Stock-based      compensation provision                                                                                               |                          | 10,280   |   |   | 5,954 |   |   | 2,505 |   |
|       (Gain)      loss on disposal of assets                                                                                                |                          | (369     | ) |   | 379 |   |   | (555 | ) |
| Changes      in operating assets and liabilities, excluding the effects      of acquired businesses:                                                                 |                          |     |   |   |   |   |   |   |   |
|       Accounts      receivable                                                                                                              |                          | (6,086   | ) |   | (5,322 | ) |   | 341 |   |
|       Inventories                                                                                                                           |                          | 1,193    |   |   | 3,084 |   |   | (139 | ) |
|       Accounts      payable and accrued compensation and related liabilities                                                                |                          | (9,101   | ) |   | (15,792 | ) |   | (59,386 | ) |
|       Other      working capital changes                                                                                                    |                          | (36,580  | ) |   | (29,802 | ) |   | 8,652 |   |
|       Other,      net                                                                                                                       |                          | (9,805   | ) |   | (1,778 | ) |   | 2,312 |   |
|         Net      cash provided by (used in) continuing operating activities                                                       |                          | 86,208   |   |   | 14,524 |   |   | (64,003 | ) |
|         Net      cash provided by discontinued operating activities                                                               |                          | 2,198    |   |   | 8,832 |   |   | 25,330 |   |
|         Net      cash provided by (used in) operating activities                                                                  |                          | 88,406   |   |   | 23,356 |   |   | (38,673 | ) |
| Cash      flows from investing activities:                                                                                                                                |                          |     |   |   |   |   |   |   |   |
|       Cost      of business acquisitions, net of cash acquired                                                                              |                          | (627,304 | ) |   | (49,425 | ) |   | (3,552 | ) |
|       Capital      expenditures                                                                                                             |                          | (31,538  | ) |   | (19,930 | ) |   | (28,154 | ) |
|       Acquisition      payments                                                                                                             |                          | (3,653   | ) |   | (4,653 | ) |   | (4,053 | ) |
|       Proceeds      from sale of property, plant and equipment                                                                              |                          | 8,949    |   |   | 11,475 |   |   | 3,796 |   |
|       Proceeds      from divestitures, net                                                                                                  |                          | 431      |   |   | 3,189 |   |   | 8,377 |   |
|         Net      cash used in investing activities of continuing operations                                                  |                          | (653,115 | ) |   | (59,344 | ) |   | (23,586 | ) |
|       Proceeds      from the sale of discontinued operations                                                                                |                          | 73,628   |   |   | 211,529 |   |   | — |   |
|       Proceeds      from the sale of property, plant and       equipment      of discontinued operations |                          | —  |   |   | — |   |   | 211 |   |
|       Capital      expenditures for discontinued operations                                                                                 |                          | —  |   |   | (632 | ) |   | (2,603 | ) |
|         Net      cash provided by (used in) investing activities of discontinued operations                                       |                          | 73,628   |   |   | 210,897 |   |   | (2,392 | ) |
|         Net      cash (used in) provided by investing activities                                                             |                          | (579,487 | ) |   | 151,553 |   |   | (25,978 | ) |
| Cash      flows from financing activities:                                                                                                                                |                          |     |   |   |   |   |   |   |   |
|       Proceeds      from issuance of Term Loans                                                                                             |                          | 720,000  |   |   | 325,000 |   |   | — |   |
|       Proceeds      from Unsecured Loan                                                                                                     |                          | 175,000  |   |   | — |   |   | — |   |
|       Borrowings      under Revolving Credit Facility, net                                                                                  |                          | 75,700   |   |   | 15,500 |   |   | — |   |
|       Proceeds      from exercise of stock options                                                                                          |                          | 304      |   |   | 1,956 |   |   | 22,433 |   |
|       Proceeds      from excess tax benefit from stock based compensation                                                                   |                          | 67       |   |   | 1,168 |   |   | — |   |
|       Repayment      of Term Loan B                                                                                                         |                          | (324,188 | ) |   | — |   |   | — |   |
|       Repayment      of Cadmus revolving senior bank credit facility                                                                        |                          | (70,100  | ) |   | — |   |   | — |   |
|       Repayments      of other long-term debt                                                                                               |                          | (29,053  | ) |   | (13,095 | ) |   | (3,123 | ) |
|       Repayment      of 83⁄8% Senior Subordinated Notes                                                                                 |                          | (20,880  | ) |   | — |   |   | — |   |
|       Repayment      of 95⁄8% Senior Notes                                                                                              |                          | (10,498  | ) |   | (339,502 | ) |   | — |   |
|       Repayments      of Term Loans                                                                                                         |                          | (4,900   | ) |   | (813 | ) |   | — |   |
|       (Repayments)      borrowings under senior secured revolving credit      facility, net                                            |                          | —  |   |   | (123,931 | ) |   | 45,490 |   |
|       Payment      of refinancing fees, redemption, premiums and expenses                                                                   |                          | (8,045   | ) |   | (26,142 | ) |   | — |   |
|       Payment      of debt issuance costs                                                                                                   |                          | (5,906   | ) |   | (3,770 | ) |   | — |   |
|       Purchase      and retirement of common stock upon vesting of RSUs                                                                     |                          | (1,302   | ) |   | (1,786 | ) |   | (187 | ) |
|         Net      cash provided by (used in) financing activities                                                             |                          | 496,199  |   |   | (165,415 | ) |   | 64,613 |   |
| Effect      of exchange rate changes on cash and cash equivalents      of continuing operations                                                                      |                          | 206      |   |   | 14 |   |   | 107 |   |
| Effect      of exchange rate changes on cash and cash equivalents   of      discontinued operations                                                             |                          | —  |   |   | 15 |   |   | 170 |   |
|         Net      increase in cash and cash equivalents                                                                            |                          | 5,324    |   |   | 9,523 |   |   | 239 |   |
| Cash      and cash equivalents at beginning of year                                                                                                                       |                          | 10,558   |   |   | 1,035 |   |   | 796 |   |
| Cash      and cash equivalents at end of year                                                                                                                             | $                             | 15,882   |   | $ | 10,558 |   | $ | 1,035 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                        | CommonStock |    | Paid-InCapital |   | Retained(Deficit) |   | DeferredCompensation |     | AccumulatedOtherComprehensiveIncome      (Loss) |   | TotalShareholders’Equity(Deficit) |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------|---------|----------------|--------|-------------------|--------|----------------------|----------|-------------------------------------------------|--------|-----------------------------------------|--------|
| Balance      at December 31, 2004                                                                                                                                                                                                                                                                                                                                                                                            | $           | 487     |           | $      | 214,902           |   | $                    | (170,039 | )                                               | $      | (2,003                                  | )      | $ | 14,007 |   | $ | 57,354 |   |
| Comprehensive      income (loss):                                                                                                                                                                                                                                                                                                                                                                                                           |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   |   |   |   |   |   |
| Net      loss                                                                      |        |    |           |   |              |   |                 | (135,052 | )                                               |   |                                    |   |   |   |   |   | (135,052 | ) |
| Other      comprehensive income (loss):                                                                                                                                                                                                                                                                                                                                                                                                     |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   |   |   |   |   |   |
|   Pension      liability adjustment, net of tax benefit of $743                                                                                                                                                                                                                                                                                                                                                                   |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   | (1,187 | ) |   | (1,187 | ) |
|   Currency      translation adjustment                                                                                                                                                                                                                                                                                                                                                                                       |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   | 4,584 |   |   | 4,584 |   |
|     Other      comprehensive income                                                                                                                                                                                                                                                                                                                                                                                     |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   |   |   |   | 3,397 |   |
|       Total      comprehensive loss                                                                                                                                                                                                                                                                                                                                                                           |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   |   |   |   | (131,655 | ) |
| Cancellation      of restricted shares                                                                                                                                                                                                                                                                                                                                                                                                      |        | (4      | )              |   | (1,993            | )      |                 |     |                                            |   | 795                                     |   |   |   |   |   | (1,202 | ) |
| Issuance      of restricted shares                                                                                                                                                                                                                                                                                                                                                                                                          |        | 5       |           |   | 4,030             |   |                 |     |                                            |   | (4,035                                  | )      |   |   |   |   | — |   |
| Exercise      of stock options                                                                                                                                                                                                                                                                                                                                                                                                              |        | 42      |           |   | 22,391            |   |                 |     |                                            |   |                                    |   |   |   |   |   | 22,433 |   |
| Purchase      and retirement of common stock                                                                                                                                                                                                                                                                                                                                                                                           |        |    |           |   | (187              | )      |                 |     |                                            |   |                                    |   |   |   |   |   | (187 | ) |
| Amortization      of deferred compensation and restricted      stock units                                                                                                                                                                                                                                                                                                                                                             |        |    |           |   | 289               |   |                 |     |                                            |   | 3,418                                   |   |   |   |   |   | 3,707 |   |
| Balance      at December 31, 2005                                                                                                                                                                                                                                                                                                                                                                                                           |        | 530     |           |   | 239,432           |   |                 | (305,091 | )                                               |   | (1,825                                  | )      |   | 17,404 |   |   | (49,550 | ) |
| Comprehensive      income (loss) As Restated:                                                                                                                                                                                                                                                                                                                                                                                               |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   |   |   |   |   |   |
| Net      income As Restated                                                                                                                                                                                                                                                                                                                                                                                                                 |        |    |           |   |              |   |                 | 115,371  |                                            |   |                                    |   |   |   |   |   | 115,371 |   |
| Other      comprehensive income (loss):                                                                                                                                                                                                                                                                                                                                                                                                     |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   |   |   |   |   |   |
|   Pension      liability adjustment, net of tax expense of $429                                                                                                                                                                                                                                                                                                                                                                   |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   | 6,326 |   |   | 6,326 |   |
|   Unrealized      loss on cash flow hedges                                                                                                                                                                                                                                                                                                                                                                                        |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   | (2,992 | ) |   | (2,992 | ) |
|   Currency      translation adjustment                                                                                                                                                                                                                                                                                                                                                                                       |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   | (3,603 | ) |   | (3,603 | ) |
|   Reclassifications      to earnings on sale of discontinued operations:                                                                                                                                                                                                                                                                                                                                                     |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   |   |   |   |   |   |
|     Currency      translation adjustment                                                                                                                                                                                                                                                                                                                                                                           |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   | (14,387 | ) |   | (14,387 | ) |
|     Other      comprehensive loss                                                                                                                                                                                                                                                                                                                                                                                  |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   |   |   |   | (14,656 | ) |
|       Total      comprehensive income As Restated                                                                                                                                                                                                                                                                                                                                                             |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   |   |   |   | 100,715 |   |
| Reversal      of unamortized deferred      compensation      on adoption of  SFAS 123(R)                                                                                                                                                                                                                                                                                                                 |        |    |           |   | (1,825            | )      |                 |     |                                            |   | 1,825                                   |   |   |   |   |   | — |   |
| Exercise      of stock options                                                                                                                                                                                                                                                                                                                                                                                                         |        | 5       |           |   | 1,951             |   |                 |     |                                            |   |                                    |   |   |   |   |   | 1,956 |   |
| Purchase      and retirement of common stock upon vesting of RSUs                                                                                                                                                                                                                                                                                                                                                                      |        |    |           |   | (1,786            | )      |                 |     |                                            |   |                                    |   |   |   |   |   | (1,786 | ) |
| Amortization      of stock based compensation                                                                                                                                                                                                                                                                                                                                                                                               |        |    |           |   | 5,954             |   |                 |     |                                            |   |                                    |   |   |   |   |   | 5,954 |   |
| Excess      tax benefit from stock based compensation                                                                                                                                                                                                                                                                                                                                                                                       |        |    |           |   | 1,168             |   |                 |     |                                            |   |                                    |   |   |   |   |   | 1,168 |   |
| Balance      at December 31, 2006 As Restated                                                                                                                                                                                                                                                                                                                                                                                               |        | 535     |           |   | 244,894           |   |                 | (189,720 | )                                               |   | —                                 |   |   | 2,748 |   |   | 58,457 |   |
| Comprehensive      income (loss):                                                                                                                                                                                                                                                                                                                                                                                                           |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   |   |   |   |   |   |
| Net      income                                                                                                                                                                                                                                                                                                                                                                                                                             |        |    |           |   |              |   |                 | 40,781   |                                            |   |                                    |   |   |   |   |   | 40,781 |   |
| Other      comprehensive income (loss):                                                                                                                                                                                                                                                                                                                                                                                                     |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   |   |   |   |   |   |
|   Pension      liability adjustment, net of tax expense of $145                                                                                                                                                                                                                                                                                                                                                                   |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   | (2,131 | ) |   | (2,131 | ) |
|   Unrealized      loss on cash flow hedges, net of tax benefit of $4,985                                                                                                                                                                                                                                                                                                                                                          |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   | (7,780 | ) |   | (7,780 | ) |
|   Currency      translation adjustment                                                                                                                                                                                                                                                                                                                                                                                       |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   | 6,151 |   |   | 6,151 |   |
|   Reclassifications      to earnings on sale of discontinued operations:                                                                                                                                                                                                                                                                                                                                                          |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   |   |   |   |   |   |
|     Currency      translation adjustment                                                                                                                                                                                                                                                                                                                                                                           |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   | (5,501 | ) |   | (5,501 | ) |
|     Other      comprehensive loss                                                                                                                                                                                                                                                                                                                                                                                  |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   |   |   |   | (9,261 | ) |
|       Total      comprehensive income                                                                                                                                                                                                                                                                                                                                                                    |        |    |           |   |              |   |                 |     |                                            |   |                                    |   |   |   |   |   | 31,520 |   |
| Exercise      of stock options                                                                                                                                                                                                                                                                                                                                                                                                              |        |    |           |   | 304               |   |                 |     |                                            |   |                                    |   |   |   |   |   | 304 |   |
| Purchase      and retirement of common stock upon vesting of RSUs                                                                                                                                                                                                                                                                                                                                                                           |        | 2  |           |   | (1,304            | )      |                 |     |                                            |   |                                    |   |   |   |   |   | (1,302 | ) |
| Amortization      of stock based compensation                                                                                                                                                                                                                                                                                                                                                                                          |        |    |           |   | 10,280            |   |                 |     |                                            |   |                                    |   |   |   |   |   | 10,280 |   |
| Excess      tax benefit from stock based compensation                                                                                                                                                                                                                                                                                                                                                                                  |        |    |           |   | 67                |   |                 |     |                                            |   |                                    |   |   |   |   |   | 67 |   |
| Balance      at December 31, 2007                                                                                                                                                                                                                                                                                                                                                                                                      | $           | 537     |           | $      | 254,241           |   | $                    | (148,939 | )                                               | $      | —                                 |   | $ | (6,513 | ) | $ | 99,326 |   |

----

----

----

----

| Consolidated      balance sheet line items(in      thousands) |
|---------------------------------------------------------------|
|                                                          | December      31, 2006 |
|                                                          | As      Reported |   | As      Restated |
|                                                          |   |   |   |   |   |
| Accounts      receivable, net                                 | $ |    230,098 |   | $ | 228,912 |
| Inventories                                                   |   |    92,406 |   |   |    91,534 |
|    Total      current assets                   |   |    426,441 |   |   | 424,383 |
| Total      assets                                             | $ | 1,001,950 |   | $ | 999,892 |
|                                                          |   |   |   |   |   |
| Accounts      payable                                         | $ |  116,067 |   | $ |  116,180 |
| Other      current liabilities                                |   |      63,609 |   |   |      63,812 |
|    Total      current liabilities              |   |    227,431 |   |   |    227,747 |
| Other      liabilities                                        |   |    40,640 |   |   |    41,550 |
| Retained      deficit                                         |   | (186,436) |   |   | (189,720) |
|    Total      shareholders' equity             |   |     61,741 |   |   |     58,457 |
| Total      liabilities and shareholders' equity               | $ | 1,001,950 |   | $ |         999,892 |

| Consolidated      statement of operations line items(in      thousands, except per share data) |
|------------------------------------------------------------------------------------------------|
|                                                                                           |   | Year      Ended |
|                                                                                           |   | December      31, 2006 |
|                                                                                           | As      Reported |   | As      Restated |
|                                                                                           |   |   |   |   |   |
| Cost      of sales                                                                             | $ | 1,208,500 |   | $ | 1,211,784 |
| Operating      income                                                                          |   | 66,679 |   |   |    63,395 |
| Loss from      continuing operations before taxes                                         |   | (29,002) |   |   | (32,286) |
| Income      tax benefit                                                                   |   |     (7,177) |   |   |     (21,138) |
| Loss from      continuing operations                                                      |   |   (21,825) |   |   |   (11,148) |
| Income      from discontinued operations, net of taxes                                         |   |  140,480 |   |   | 126,519 |
| Net      income                                                                                | $ | 118,655 |   | $ | 115,371 |
|                                                                                           |   |   |   |   |   |
| Income      (loss) per share – basic and diluted:                                        |   |   |   |   |   |
|      Continuing      operations                                       | $ |       (0.41) |   | $ |       (0.21) |
|           Discontinued operations                                          |   | 2.64 |   |   | 2.38 |
|      Net      income                                                  | $ | 2.23 |   | $ |         2.17 |

----

| Consolidated      statement of cash flows line items(in      thousands) |
|-------------------------------------------------------------------------|
|                                                                    | Year      Ended |
|                                                                    | December      31, 2006 |
|                                                                    | As      Reported |   | As      Restated |
|                                                                    |   |   |   |   |   |
| Net      income                                                         | $ |   118,655 |   | $ |   115,371 |
| Gain      on sale of discontinued operations, net of taxes    |   | (127,438) |   |   | (113,477) |
| Deferred      income taxes                                              |   | (10,881) |   |   | (24,842) |
| Accounts      receivable                                                |   |   (6,508) |   |   |   (5,322) |
| Inventories                                                             |   |   2,212 |   |   |   3,084 |
| Accounts      payable and accrued compensation and related liabilities  |   | (15,905) |   |   | (15,792) |
| Other      working capital changes                                      |   | (23,790) |   |   | (29,802) |
| Other,      net                                                         |   | (2,688) |   |   | (1,778) |
| Net      cash provided by continuing operating activities               |   | 20,739 |   |   | 14,524 |
| Net      cash provided by discontinued operating activities             |   | 2,617 |   |   | 8,832 |

|                                                                  |   | As      ofAugust      30, 2007 |    |
|-----------------------------------------------------------------------|--------|--------------------------------|---------|
|                                                                  |   |                           |    |   |
| Current      assets                                                   |   | $                              | 42,824  |   |
| Property,      plant and equipment                                    |   |                           | 36,757  |   |
| Goodwill                                                              |   |                           | 102,254 |   |
| Other      intangible assets                                          |   |                           | 87,770  |   |
| Other      assets                                                     |   |                           | 929     |   |
| Total      assets acquired                                            |   |                           | 270,534 |   |
| Current      liabilities, excluding current portion of long-term debt |   |                           | 9,782   |   |
| Long-term      debt, including current maturities                     |   |                           | 20,277  |   |
| Deferred      income taxes                                            |   |                           | 21,355  |   |
| Total      liabilities assumed                                        |   |                           | 51,414  |   |
| Net      assets acquired                                              |   |                           | 219,120 |   |
| Less      cash acquired                                               |   |                           | (1,114) |   |
| Cost      of Commercial Envelope acquisition, less cash acquired      |   | $                              | 218,006 |   |

----

|                                                       |   | Years      EndedDecember      31, |      |
|------------------------------------------------------------|--------|-----------------------------------|-----------|
|                                                       |   | 2007                              |      | 2006 |   |
|                                                       |   | AsReported                        |      | ProForma |   | AsReported |   | ProForma |   |
| Net      sales                                             |   | $                                 | 2,046,716 |   | $ | 2,148,368 |   | $ | 1,511,224 |   | $ | 1,664,661 |   |
| Operating      income                                      |   |                              | 137,550   |   |   | 150,168 |   |   | 63,395 |   |   | 84,862 |   |
| Income      (loss) from continuing operations              |   |                              | 23,985    |   |   | 23,369 |   |   | (11,148 | ) |   | (10,131 | ) |
| Net      income                                            |   |                              | 40,781    |   |   | 40,165 |   |   | 115,371 |   |   | 116,388 |   |
| Income      (loss) per share – basic:                |   |                              |      |   |   |   |   |   |   |   |   |   |   |
|      Continuing      operations   |   | $                                 | 0.45      |   | $ | 0.44 |   | $ | (0.21 | ) | $ | (0.20 | ) |
|      Discontinued      operations |   |                              | 0.31      |   |   | 0.31 |   |   | 2.38 |   |   | 2.38 |   |
|      Net      income              |   | $                                 | 0.76      |   | $ | 0.75 |   | $ | 2.17 |   | $ | 2.18 |   |
| Income      (loss) per share – diluted:              |   |                              |      |   |   |   |   |   |   |   |   |   |   |
|      Continuing      operations   |   | $                                 | 0.44      |   | $ | 0.43 |   | $ | (0.21 | ) | $ | (0.20 | ) |
|      Discontinued      operations |   |                              | 0.31      |   |   | 0.31 |   |   | 2.38 |   |   | 2.38 |   |
|      Net      income              |   | $                                 | 0.75      |   | $ | 0.74 |   | $ | 2.17 |   | $ | 2.18 |   |

----

----

|                                                                  |   | As      ofMarch      7, 2007 |    |
|-----------------------------------------------------------------------|--------|------------------------------|---------|
|                                                                  |   |                         |    |   |
| Current      assets                                                   |   | $                            | 97,142  |   |
| Property,      plant and equipment                                    |   |                         | 136,268 |   |
| Goodwill                                                              |   |                         | 230,817 |   |
| Other      intangible assets                                          |   |                         | 111,600 |   |
| Other      assets                                                     |   |                         | 6,856   |   |
| Total      assets acquired                                            |   |                         | 582,683 |   |
| Current      liabilities, excluding current portion of long-term debt |   |                         | 57,989  |   |
| Long-term      debt, including current maturities                     |   |                         | 210,063 |   |
| Deferred      income taxes                                            |   |                         | 7,500   |   |
| Other      liabilities                                                |   |                         | 57,813  |   |
| Total      liabilities assumed                                        |   |                         | 333,365 |   |
| Net      assets acquired                                              |   |                         | 249,318 |   |
| Less      cash acquired                                               |   |                         | — |   |
| Cost      of Cadmus acquisition, less cash acquired                   |   | $                            | 249,318 |   |

----

|                                                       |   | Years      EndedDecember      31, |       |
|------------------------------------------------------------|--------|-----------------------------------|------------|
|                                                       |   | 2007                              |       | 2006 |   |
|                                                       |   | AsReported                        |       | ProForma |   | AsReported |   | ProForma |   |
| Net      sales                                             |   | $                                 | 2,046,716  |   | $ | 2,128,533 |   | $ | 1,511,224 |   | $ | 1,964,395 |   |
| Operating      income                                      |   |                              | 137,550    |   |   | 140,874 |   |   | 63,395 |   |   | 70,532 |   |
| Income      (loss) from continuing operations              |   |                              | 23,985     |   |   | 19,029 |   |   | (11,148 | ) |   | (18,854 | ) |
| Net      income                                            |   |                              | 40,781     |   |   | 35,825 |   |   | 115,371 |   |   | 107,665 |   |
| Income      (loss) per share – basic:                |   |                              |       |   |   |   |   |   |   |   |   |   |   |
|      Continuing      operations   |   | $                                 | 0.45       |   | $ | 0.36 |   | $ | (0.21 | ) | $ | (0.36 | ) |
|      Discontinued      operations |   |                              | 0.31       |   |   | 0.31 |   |   | 2.38 |   |   | 2.38 |   |
|      Net      income              |   | $                                 | 0.76       |   | $ | 0.67 |   | $ | 2.17 |   | $ | 2.02 |   |
| Income      (loss) per share – diluted:              |   |                              |       |   |   |   |   |   |   |   |   |   |   |
|      Continuing      operations   |   | $                                 | 0.44       |   | $ | 0.35 |   | $ | (0.21 | ) | $ | (0.36 | ) |
|      Discontinued      operations |   |                              | 0.31       |   |   | 0.31 |   |   | 2.38 |   |   | 2.38 |   |
|      Net      income              |   | $                                 | 0.      75 |   | $ | 0.66 |   | $ | 2.17 |   | $ | 2.02 |   |

----

|   |                                         |   | LeaseTerminationCosts |    | EmployeeSeparationCosts |   | Other      Exit Costs |   | Total  |    |
|--------|----------------------------------------------|--------|-----------------------|---------|-------------------------|--------|-----------------------|--------|--------|---------|
|   | Liabilities      recorded at January 1, 2007 |   | $                     | — |                    | $      | —               |   | $      | — |   | $ | — |   |
|   | Accruals,      net                           |   |                  | 5,641   |                    |   | 7,056                 |   |   | 1,802   |   |   | 14,499 |   |
|   | Payments                                     |   |                  | (2,188  | )                       |   | (6,561                | )      |   | (1,451  | ) |   | (10,200 | ) |
|   | Balance      at December 31, 2007            |   | $                     | 3,453   |                    | $      | 495                   |   | $      | 351     |   | $ | 4,299 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 2007   |   | 2006          |   |   | 2005                     |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------------|--------|--------|--------------------------|--------|
| Net      sales                                                                                              |   | $      | —  |   | $      |    41,391 |   | $ |  154,600 |   |
| Operating      income                                                                                       |   |   | —  |   |   | 8,838                    |   |   | 34,208 |   |
| Other      income                                                                                           |   |   | 2,065         |   |   | —             |   |   | —  |   |
| Income      tax      expense                                                                                |   |   | 2,276         |   |   | 1,373                    |   |   | 19,948 |   |
| Gain      on sale of discontinued operations, net of taxes of  $8,427      and $22,456 in 2007 and 2006, respectively                                                                                                                                                                                                                                                                                                                                                                                        |   |   | 17,007        |   |   | 113,477                  |   |   | — |   |
| Income      from discontinued operations, net of taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   | 16,796        |   |   | 126,519                  |   |   | 13,049 |   |

----

| Net      earnings of the Fund in Canadian dollars                                                                         |   | $      | 19,431  |   |
|---------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|
| Adjustment      to earnings of the Fund resulting from the reversal of fair value      adjustments in Canadian dollars:   |   |   |    |   |
|       Amortization      of intangibles                                                      |   |   | 4,232   |   |
|       Increased      cost of sales on inventory step-up                                     |   |   | 4,304   |   |
|       Decreased      amortization of property, plant and equipment                          |   |   | (549)   |   |
|   Income      tax effect of above adjustments                                                                   |   |   | (2,492) |   |
|       Income      tax recovery from change in tax rates relating to asset      revaluations |   |   | (489)   |   |
| Net      earnings of the Fund adjusted to reflect Cenveo’s carrying value under      U.S. GAAP                      |   | $      | 24,437  |   |
| Equity      income in the Fund at 28.6% in Canadian dollars                                                               |   |   | 6,989   |   |
| Canadian      dollar/U.S. dollar exchange rate                                                                            |   |   | 1.13147 |   |
| Equity      income in the Fund in U.S. dollars                                                                            |   | $      | 6,177   |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 2006   |   |    | 2005   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|
| Net      sales                                                                                                 | $      | 9,355  |    | $      | 43,773 |   |
| Operating      (loss)      income                                                                              |   | (1,375 | )  |   | 345    |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   | December      31  |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   | 2007              |   |   |   | 2006  |   |
| Raw      materials                                                                                   |   | $      | 71,075                 |   |   | $ | 28,030 |   |
| Work      in      process                                                                            |   |   | 34,875                 |   |   |   | 21,285 |   |
| Finished      goods                                                                                  |   |   | 56,958                 |   |   |   | 42,219 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | $      | 162,908                |   |   | $ | 91,534 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | December      31 |     |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------|----------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 2007             |     | 2006 |   |
| Land      and land      improvements                                                                                      |   | $                | 23,734   |   | $ | 13,562 |   |
| Buildings      and      improvements                                                                                      |   |             | 109,673  |   |   | 80,740 |   |
| Machinery      and      equipment                                                                                         |   |             | 577,763  |   |   | 437,910 |   |
| Furniture      and      fixtures                                                                                          |   |             | 12,430   |   |   | 10,771 |   |
| Construction      in      progress                                                                                        |   |             | 18,664   |   |   | 6,974 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |             | 742,264  |   |   | 549,957 |   |
| Accumulated      depreciation                                                                                             |   |             | (313,923 | ) |   | (298,854 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | $                | 428,341  |   | $ | 251,103 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | Envelopes,      FormsAnd      Labels |    | CommercialPrinting |   | Total   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------|---------|--------------------|--------|---------|--------|
| Balance      as of December 31, 2005                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | $                                    | 218,038 |               | $      | 93,108  |   | $ | 311,146 |   |
|   Acquisitions                                                                                              |   |                                 | 29,122  |               |   | — |   |   | 29,122 |   |
|   Dispositions                                                                                              |   |                                 | (55,739 | )                  |   | (747    | )      |   | (56,486 | ) |
|   Reclassified      to assets held for sale                                                                                                                                                                                                                                                                                                                                                                                                                |   |                                 | (25,749 | )                  |   | — |   |   | (25,749 | ) |
|   Foreign      currency      translation                                                                    |   |                                 | — |               |   | 103     |   |   | 103 |   |
| Balance      as of December 31, 2006                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | $                                    | 165,672 |               | $      | 92,464  |   | $ | 258,136 |   |
|   Acquisitions                                                                                              |   |                                 | 139,353 |               |   | 271,205 |   |   | 410,558 |   |
|   Foreign      currency      translation                                                                    |   |                                 | — |               |   | 1,108   |   |   | 1,108 |   |
| Balance      as of December 31, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | $                                    | 305,025 |               | $      | 364,777 |   | $ | 669,802 |   |

|                                                                                                                                                                                                                         | December      31    |    |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------|---------|
|                                                                                                                                                                                                                         | 2007                |    | 2006 |   |
|                                                                                                                                                                                                                         | GrossCarryingAmount |    | AccumulatedAmortization |   | NetCarryingAmount |   | GrossCarryingAmount |   | AccumulatedAmortization |   | NetCarryingAmount |   |
| Intangible      assets with determinable      lives:                                                                                                                                                                         |                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Customer      relationship                                                                                                                                                                                                   | $                   | 153,806 |   | $ | (22,303 | ) | $ | 131,503 |   | $ | 29,906 |   | $ | (13,001 | ) | $ | 16,905 |   |
| Trademarks      and trade names                                                                                                                                                                                              |                | 20,521  |   |   | (3,251 | ) |   | 17,270 |   |   | 14,551 |   |   | (2,487 | ) |   | 12,064 |   |
| Patents                                                                                                                                                                                                                      |                | 3,028   |   |   | (1,487 | ) |   | 1,541 |   |   | 3,028 |   |   | (1,218 | ) |   | 1,810 |   |
| Non-compete      agreements                                                                                                                                                                                                  |                | 2,316   |   |   | (1,336 | ) |   | 980 |   |   | 1,640 |   |   | (1,591 | ) |   | 49 |   |
| Other                                                                                                                                                                                                                        |                | 768     |   |   | (360 | ) |   | 408 |   |   | 768 |   |   | (331 | ) |   | 437 |   |
|                                                                                                                                                                                                                         |                | 180,439 |   |   | (28,737 | ) |   | 151,702 |   |   | 49,893 |   |   | (18,628 | ) |   | 31,265 |   |
| Intangible      assets with indefinite lives:                                                                                                                                                                                |                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Trademarks                                    |                | 118,200 |   |   | — |   |   | 118,200 |   |   | — |   |   | — |   |   | — |   |
| Pollution      credits                                                                                                                                                                                                       |                | 720     |   |   | — |   |   | 720 |   |   | 720 |   |   | — |   |   | 720 |   |
| Total                                                                                                                                                                                                                        | $                   | 299,359 |   | $ | (28,737 | ) | $ | 270,622 |   | $ | 50,613 |   | $ | (18,628 | ) | $ | 31,985 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | December      31 |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 2007             | 2006   |   |
| Accrued      customer      rebates                                                                          | $                | 19,579 |   | $ | 19,135 |   |
| Other      accrued      liabilities                                                                         |             | 59,975 |   |   | 44,677 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $                | 79,554 |   | $ | 63,812 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | December      31 |      |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------|-----------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 2007             |      | 2006 |   |
| Term      Loan, due      2013                                                                                                                                                                | $                | 715,100   |   | $ | 324,188 |   |
| 77⁄8%      Senior Subordinated Notes, due 2013                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |             | 320,000   |   |   | 320,000 |   |
| 83⁄8%      Senior Subordinated Notes, due 2014 ($104.1 millionoutstanding      principal      amount)                                                                                    |             | 106,220   |   |   | ­— |   |
| Senior      Unsecured Loan, due      2015                                                                                                                                                    |             | 175,000   |   |   | ­— |   |
| Revolving      Credit Facility, due      2012                                                                                                                                                |             | 91,200    |   |   | 15,500 |   |
| 95⁄8%      Senior Notes, due      2012                                                                                                                                                   |             | —   |   |   | 10,498 |   |
| Other                                                                                                                                                                                        |             | 37,117    |   |   | 5,109 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |             | 1,444,637 |   |   | 675,295 |   |
| Less      current      maturities                                                                                                                                                            |             | (18,752   | ) |   | (7,513 | ) |
| Long-term      debt                                                                                                                                                                          | $                | 1,425,885 |   | $ | 667,782 |   |

----

----

----

| 2008       | $  | 18,752    |   |
|------------|---------|-----------|--------|
| 2009       |    | 15,073    |   |
| 2010       |    | 13,612    |   |
| 2011       |    | 11,946    |   |
| 2012       |    | 99,956    |   |
| Thereafter |    | 1,283,199 |   |
|       | $       | 1,442,538 |   |
|       |    |      |   |

|                                                                                                                                                                                                                                                                                                                                   | 2007   |   | 2006   |   | 2005    |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|---------|--------|
| Domestic                                                      | $      | 35,712 |   | $      | (33,975 | )      | $ | (105,403 | ) |
| Foreign                                                       |   | (1,827 | )      |   | 1,689   |   |   | (350 | ) |
|                                                                                                                                                                                                                                                                                                                                   | $      | 33,885 |   | $      | (32,286 | )      | $ | (105,753 | ) |

----

|                                                                                                                                                                                                                                                                                        | 2007   |   | 2006   |   | 2005    |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|---------|--------|
| Current      tax expense (benefit):                                                                                                                                                                                                                                                         |   |   |   |   |    |   |   |   |   |
| Federal                                               | $      | 747    |   | $      | 3,082   |   | $ | 5,839 |   |
| Foreign                                               |   | (1,300 | )      |   | 247     |   |   | 595 |   |
| State                                                 |   | 1,690  |   |   | 375     |   |   | 249 |   |
|                                                                                                                                                                                                                                                                                        |   | 1,137  |   |   | 3,704   |   |   | 6,683 |   |
| Deferred      expense (benefit):                                                                                                                                                                                                                                                            |   |   |   |   |    |   |   |   |   |
| Federal                                                    |   | 7,400  |   |   | (23,353 | )      |   | 31,853 |   |
| Foreign                                                    |   | (703   | )      |   | 33      |   |   | (239 | ) |
| State                                                      |   | 2,066  |   |   | (1,522  | )      |   | 4,051 |   |
|                                                                                                                                                                                                                                                                                        |   | 8,763  |   |   | (24,842 | )      |   | 35,665 |   |
| Income      tax expense (benefit)                                                                                                                                                                                                                                                           | $      | 9,900  |   | $      | (21,138 | )      | $ | 42,348 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                              | 2007   |    | 2006    |   | 2005    |    |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------|---------|--------|---------|---------|
| Expected      tax expense (benefit) at federal statutory income tax                                                                                                                                                                                                                                                                                                                                                               |   |    |    |   |    |    |   |   |   |
| Rate                                                                                                                       | $      | 11,860  |    | $      | (11,300 | )       | $ | (37,013 | ) |
| State      and local income tax expense (benefit)                                                                                                                                                                                                                                                                                                                                                                                 |   | 2,352   |    |   | (1,130  | )       |   | (3,701 | ) |
| Change      in valuation allowance                                                                                                                                                                                                                                                                                                                                                                                                |   | (4,621  | )  |   | (11,593 | )  |   | 79,951 |   |
| Change      in contingency reserves                                                                                                                                                                                                                                                                                                                                                                                               |   | 299     |    |   | — |    |   | 2,073 |   |
| Utilization      of foreign tax credits, net                                                                                                                                                                                                                                                                                                                                                                                      |   | — |    |   | — |    |   | (91 | ) |
| Non-U.S.      tax rate      differences                                                                |   | (478    | )       |   | (306    | )       |   | 524 |   |
| Non-deductible      expenses                                                                           |   | 1,349   |    |   | 873     |    |   | 709 |   |
| Non-deductible      investment expense                                                                                                                                                                                                                                                                                                                                                                                            |   | 274     |    |   | 1,248   |    |   | 254 |   |
| Expiration      of net operating losses                                                                                                                                                                                                                                                                                                                                                                                           |   | — |    |   | 565     |    |   | 516 |   |
| Statutory      foreign rate      change                                                                |   | (921    | )       |   | — |    |   | — |   |
| Other                                                                                                  |   | (214    | )  |   | 505     |    |   | (874 | ) |
| Income      tax expense      (benefit)                                                                 | $      | 9,900   |    | $      | (21,138 | )       | $ | 42,348 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 2007   |     | 2006    |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------|---------|--------|
| Deferred      tax assets:                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |     |    |   |   |   |
| Net      operating loss carryforwards                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $      | 85,873   |    | $      | 74,094 |   |
| Capital      loss      carryback                                                                                                                  |   | 3,621    |    |   | — |   |
| Compensation      and benefit related accruals                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | 32,424   |    |   | 15,986 |   |
| Foreign      tax credit carryforwards                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 16,661   |    |   | 16,662 |   |
| Alternative      minimum tax credit carryforwards                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | 8,119    |    |   | 9,180 |   |
| Accounts      receivable                                                                                                                          |   | 3,808    |    |   | 1,288 |   |
| Restructuring      accruals                                                                                                                       |   | 6,539    |    |   | 4,769 |   |
| Gain      on discontinued operations                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | —  |    |   | 13,879 |   |
| Accrued      tax and      interest                                                                                                                |   | 12,128   |    |   | — |   |
| Other                                                                                                                                             |   | 9,779    |    |   | 7,996 |   |
| Valuation      allowance                                                                                                                          |   | (30,780  | )       |   | (55,746 | ) |
| Total      deferred tax      assets                                                                                 |   | 148,172  |    |   | 88,108 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |     |    |   |   |   |
| Deferred      tax liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |     |    |   |   |   |
| Property,      plant and      equipment                                                                                                           |   | (68,085  | )       |   | (48,697 | ) |
| Goodwill      and other intangible assets                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | (118,686 | )       |   | (26,954 | ) |
| Inventory                                                                                                                                         |   | 842      |    |   | (2,659 | ) |
| Other                                                                                                                                             |   | 531      |    |   | (2,425 | ) |
| Total      deferred tax      liabilities                                                                            |   | (185,398 | )       |   | (80,735 | ) |
| Net      deferred tax (liability)      asset                                                                        | $      | (37,226  | )  | $      | 7,373 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 2007   |    | 2006   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------|--------|--------|
| Current      deferred tax asset (included in prepaid and other current assets)                                                                                                                                                                                                                                                                                                                                                                                                                               | $      | 17,955  |   | $      | 4,070 |   |
| Long-term      deferred tax asset (included in other assets, net)                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | — |   |   | 7,659 |   |
| Long-term      deferred tax      liability                                                                            |   | (55,181 | )      |   | (4,356 | ) |
| Total                                                                                                                                                                   | $      | (37,226 | )      | $      | 7,373 |   |

----

| Unrecognized      tax benefit – January 1, 2007             |   | $      | 10,748  |   |
|-------------------------------------------------------------------|--------|--------|---------|--------|
| Gross      increases  - tax positions in prior period   |   |   | 540     |   |
| Gross      decreases - tax positions in prior period         |   |   | — |   |
| Gross      increases  - tax positions in current period |   |   | 6,743   |   |
| Settlements                                                       |   |   | — |   |
| Lapse      of statute of limitations                              |   |   | — |   |
| Unrecognized      tax benefit – December 31, 2007           |   | $      | 18,031  |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                |   | Envelopes,Forms      andLabels |    |   | CommercialPrinting |   |   | Total  |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|---------|--------|--------------------|--------|--------|--------|--------|
| Employee      separation      costs                                                                 |   | $                              | 2,381   |   |               | $      | 2,684  |   |   | $ | 5,065 |   |
| Asset      impairments                                                                              |   |                           | 3,989   |   |               |   | 4,159  |   |   |   | 8,148 |   |
| Equipment      moving      expenses                                                                 |   |                           | 1,389   |   |               |   | 1,166  |   |   |   | 2,555 |   |
| Lease      termination expenses                                                                                                                                                                                                                                                                                                                                                                                                     |   |                           | 126     |   |               |   | 3,773  |   |   |   | 3,899 |   |
| Multi-employer      pension withdrawal expenses                                                                                                                                                                                                                                                                                                                                                                                     |   |                           | — |   |               |   | 2,092  |   |   |   | 2,092 |   |
| Building      clean-up and other expenses                                                                                                                                                                                                                                                                                                                                                                                           |   |                           | 885     |   |               |   | 1,784  |   |   |   | 2,669 |   |
| Total      restructuring and impairment charges                                                                                                                                                                                                                                                                                                                                                                                     |   | $                              | 8,770   |   |               | $      | 15,658 |   |   | $ | 24,428 |   |

|                              |   | LeaseTerminationCosts |    |   | EmployeeSeparationCosts |   |    | PensionWithdrawalLiabilities |   |   | Total   |   |
|-----------------------------------|--------|-----------------------|---------|--------|-------------------------|--------|---------|------------------------------|--------|--------|---------|--------|
| Balance      at December 31, 2006 |   | $                     | — |   |                    | $      | — |                         |   | $      | — |   |   | $ | — |   |
| Accruals,      net                |   |                  | 3,899   |   |                    |   | 5,065   |                         |   |   | 2,092   |   |   |   | 11,056 |   |
| Payments                          |   |                  | (317    | )      |                    |   | (4,524  | )                            |   |   | — |   |   |   | (4,841 | ) |
| Balance      at December 31, 2007 |   | $                     | 3,582   |   |                    | $      | 541     |                         |   | $      | 2,092   |   |   | $ | 6,215 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | Envelopes,Forms      andLabels |   |   | CommercialPrinting |   |   | Corporate |   |   | Total   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|--------|--------|--------------------|--------|--------|-----------|--------|--------|---------|--------|
| Employee      separation      costs                                                                  |   | $                              | 1,888  |   |               | $      | 2,960  |      |   | $      | 251     |   |   | $ | 5,099 |   |
| Asset      impairments, net of gain on sale                                                                                                                                                                                                                                                                                                                                                                                          |   |                           | (349   | )      |               |   | 4,242  |      |   |   | — |   |   |   | 3,893 |   |
| Equipment      moving expenses                                                                                                                                                                                                                                                                                                                                                                                                  |   |                           | 792    |   |               |   | 554    |      |   |   | — |   |   |   | 1,346 |   |
| Lease      termination      expenses                                                                 |   |                           | (132   | )      |               |   | 1,471  |      |   |   | 112     |   |   |   | 1,451 |   |
| Building      clean-up and other expenses                                                                                                                                                                                                                                                                                                                                                                                            |   |                           | 381    |   |               |   | 3,394  |      |   |   | 94      |   |   |   | 3,869 |   |
| Total      restructuring and impairment charges                                                                                                                                                                                                                                                                                                                                                                                      |   | $                              | 2,580  |   |               | $      | 12,621 |      |   | $      | 457     |   |   | $ | 15,658 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                |   | Envelopes,Forms      andLabels |   |   | CommercialPrinting |   |   | Corporate |   |   | Total   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|--------|--------|--------------------|--------|--------|-----------|--------|--------|---------|--------|
| Employee      separation      costs                                                                 |   | $                              | 6,746  |   |               | $      | 11,663 |      |   | $      | 1,438   |   |   | $ | 19,847 |   |
| Asset      impairments, net of gain on sale                                                                                                                                                                                                                                                                                                                                                                                         |   |                           | 2,697  |   |               |   | 935    |      |   |   | — |   |   |   | 3,632 |   |
| Equipment      moving expenses                                                                                                                                                                                                                                                                                                                                                                                                      |   |                           | 4,972  |   |               |   | 1,398  |      |   |   | — |   |   |   | 6,370 |   |
| Lease      termination expense (income), net                                                                                                                                                                                                                                                                                                                                                                                        |   |                           | 2,187  |   |               |   | 2,104  |      |   |   | (276    | )      |   |   | 4,015 |   |
| Building      clean-up and other expenses                                                                                                                                                                                                                                                                                                                                                                                           |   |                           | 1,734  |   |               |   | 5,460  |      |   |   | 38      |   |   |   | 7,232 |   |
| Total      restructuring and impairment charges                                                                                                                                                                                                                                                                                                                                                                                     |   | $                              | 18,336 |   |               | $      | 21,560 |      |   | $      | 1,200   |   |   | $ | 41,096 |   |

----

|                                                                                                                                                                                                                                                                                                                                                             |   | Envelopes,Forms      andLabels |    |   | CommercialPrinting |   |   | Corporate |   |   | Total   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|---------|--------|--------------------|--------|--------|-----------|--------|--------|---------|--------|
| Employee      separation costs                                                                                                                                                                                                                                                                                                                                   |   | $                              | 6,487   |   |               | $      | 9,348  |      |   | $      | 10,572  |   |   | $ | 26,407 |   |
| Asset      impairments                                                        |   |                           | 5,066   |   |               |   | 20,340 |      |   |   | 853     |   |   |   | 26,259 |   |
| Equipment      moving expenses                                                                                                                                                                                                                                                                                                                                   |   |                           | 338     |   |               |   | 454    |      |   |   | — |   |   |   | 792 |   |
| Lease      termination expenses                                                                                                                                                                                                                                                                                                                                  |   |                           | 41      |   |               |   | 1,586  |      |   |   | 4,124   |   |   |   | 5,751 |   |
| Multi-employer      pension withdrawal expenses                                                                                                                                                                                                                                                                                                                  |   |                           | 541     |   |               |   | 409    |      |   |   | — |   |   |   | 950 |   |
| Building      clean-up and other expenses                                                                                                                                                                                                                                                                                                                        |   |                           | 67      |   |               |   | 313    |      |   |   | — |   |   |   | 380 |   |
| Total      restructuring charges                                                                                                                                                                                                                                                                                                                                 |   |                           | 12,540  |   |               |   | 32,450 |      |   |   | 15,549  |   |   |   | 60,539 |   |
| Other      charges                                                            |   |                           | — |   |               |   | 3,917  |      |   |   | 12,798  |   |   |   | 16,715 |   |
| Total      restructuring, impairment and othercharges                                                                                                                                                                                                                                                                                                            |   | $                              | 12,540  |   |               | $      | 36,367 |      |   | $      | 28,347  |   |   | $ | 77,254 |   |

----

|   | · | In      April 2005, the Company engaged an investment banking firm as a financial      advisor to assist the then current board of directors in its evaluation of      the Company’s strategic alternatives and incurred fees of $3.2      million. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Legal      and other fees incurred in connection with the special meeting of      shareholders of $4.9 million. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------|

|   | · | In      January 2005, the Company’s Chief Executive Officer resigned and the cost      incurred as a result of this resignation was $2.1  million. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Under      the Company’s Long-Term Incentive Plan, the change in the board of      directors in September 2005 constituted a change of control and      accelerated the vesting of the restricted stock issued to certain      executives. The compensation expense recognized by the Company as a result      of the vesting of this restricted stock was $2.6  million. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                                                                                                       | LeaseTerminationCosts |   | EmployeeSeparationCosts |   | PensionWithdrawalLiabilities |   |   | Total   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------|--------|-------------------------|--------|------------------------------|--------|--------|---------|--------|
| Balance      at December 31, 2005                                                                                                                                                                                                          | $                | 6,067  |                    | $      | 3,734                        |   | $      | 950     |   |   | $ | 10,751 |   |
| Accruals,      net                                     |                  | 4,015  |                    |   | 19,847                       |   |   | — |   |   |   | 23,862 |   |
| Payments                                               |                  | (4,541 | )                       |   | (22,154                      | )      |   | (308    | )      |   |   | (27,003 | ) |
| Balance      at December 31, 2006                                                                                                                                                                                                          |                  | 5,541  |                    |   | 1,427                        |   |   | 642     |   |   |   | 7,610 |   |
| Accruals,      net                                     |                  | 1,451  |                    |   | 5,099                        |   |   | — |   |   |   | 6,550 |   |
| Payments                                               |                  | (3,099 | )                       |   | (4,463                       | )      |   | (345    | )      |   |   | (7,907 | ) |
| Balance      at December 31, 2007                                                                                                                                                                                                          | $                     | 3,893  |                    | $      | 2,063                        |   | $      | 297     |   |   | $ | 6,253 |   |

----

----

|                                                                                                                                                                                                                                                                                                                                                | Options   |   | WeightedAverageExercisePrice |   | WeightedAverageRemainingContractualTerm(In      Years) |   | AggregateIntrinsicValue(a)(inthousands) |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------|--------|------------------------------|--------|--------------------------------------------------------|--------|-----------------------------------------|--------|
| Outstanding      at January 1, 2007                                                                                                                                                                                                                                                                                                                 | 3,326,780 |   | $                            | 14.71  |                                                   |   |                                    |   |   |   |
| Granted                                                          | 780,000   |   |                         | 17.89  |                                                   |   |                                    |   |   |   |
| Exercised                                                        | (34,175   | )      |                         | 8.92   |                                                   |   |                                    | $      | 463 |   |
| Forfeited                                                        | (222,625  | )      |                         | 18.84  |                                                   |   |                                    |   |   |   |
| Outstanding      at December 31, 2007                                                                                                                                                                                                                                                                                                               | 3,849,980 |   |                         | 15.14  |                                                   | 4.8    |                                    | $      | 13,661 |   |
| Exercisable      at December 31, 2007                                                                                                                                                                                                                                                                                                               | 1,316,855 |   |                         | 12.71  |                                                   | 4.5    |                                    | $      | 7,503 |   |

|                                                                                                                                                                                                                                                                                                                                                | Options   |   | WeightedAverageExercisePrice |   | WeightedAverageRemainingContractualTerm(In      Years) |   | AggregateIntrinsicValue(a)(inthousands) |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------|--------|------------------------------|--------|--------------------------------------------------------|--------|-----------------------------------------|--------|
| Outstanding      at January 1, 2006                                                                                                                                                                                                                                                                                                                 | 2,365,961 |   | $                            | 8.95   |                                                   |   |                                    |   |   |   |
| Granted                                                          | 1,570,000 |   |                         | 20.55  |                                                   |   |                                    |   |   |   |
| Exercised                                                        | (329,814  | )      |                         | 6.03   |                                                   |   |                                    | $      | 3,479 |   |
| Forfeited                                                        | (279,367  | )      |                         | 8.99   |                                                   |   |                                    |   |   |   |
| Outstanding      at December 31, 2006                                                                                                                                                                                                                                                                                                               | 3,326,780 |   |                         | 14.71  |                                                   | 5.7    |                                    | $      | 21,589 |   |
| Exercisable      at December 31, 2006                                                                                                                                                                                                                                                                                                               | 549,280   |   |                         | 9.32   |                                                   | 5.4    |                                    | $      | 6,529 |   |

----

|                                                                                                                                                                                                                                                                                                                                                        |   |    |       |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------|------------|
|                                                                                                                                                                                                                                                                                                                                                        |   | Options |       |   | WeightedAverageExercisePrice |   |
| Options      outstanding at beginning of year                                                                                                                                                                                                                                                                                                               |   |    | 6,868,100  |   |   | $ | 5.55 |   |
| Granted                                                                  |   |    | 2,308,000  |   |   |   | 9.17 |   |
| Exercised                                                                |   |    | (4,661,854 | ) |   |   | 4.82 |   |
| Expired/cancelled                                                        |   |    | (2,148,285 | ) |   |   | 7.06 |   |
| Options      outstanding at December 31, 2005                                                                                                                                                                                                                                                                                                               |   |    | 2,365,961  |   |   |   | 8.97 |   |
| Options      exercisable at December 31, 2005                                                                                                                                                                                                                                                                                                               |   |    | 535,961    |   |   |   | 6.83 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | 2007   |   |   | 2006   |   |   | 2005   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| Weighted      average fair value of option grants during the year                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $      | 6.31   |   |   | $      | 9.56   |   |   | $ | 5.08 |   |
| Assumptions:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Expected option life in      years                                                                                      |   |   | 4.25   |   |   |   | 4.27   |   |   |   | 4.81 |   |
| Risk-free interest      rate                                                                                            |   |   | 4.05   | %      |   |   | 4.75   | %      |   |   | 4.40 | % |
| Expected      volatility                                                                                                |   |   | 0.363  |   |   |   | 0.516  |   |   |   | 0.624 |   |
| Expected dividend      yield                                                                                            |   |   | 0.0    | %      |   |   | 0.0    | %      |   |   | 0.0 | % |

----

|                                                                                                                                                                                                                                                                                                |   | RestrictedShares |     |   | Weighted      AverageGrant      DateFair      Value |   |    | RSUs   |   |   | Weighted      AverageGrant      DateFair      Value |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------|----------|--------|-----------------------------------------------------|--------|---------|--------|--------|--------|-----------------------------------------------------|--------|
| Outstanding      at January 1, 2005                                                                                                                                                                                                                                                                 |   |             | 932,788  |   |                                                | $      | 4.40    |   |   |   | —                                             |   |   |   | — |   |
| Granted                                                  |   |             | 485,680  |   |                                                |   | 8.47    |   |   |   | 236,600                                             |   |   | $ | 9.69 |   |
| Vested                                                   |   |             | (739,449 | )      |                                                |   | 5.48    |   |   |   | —                                             |   |   |   | — |   |
| Forfeited                                                |   |             | (479,019 | )      |                                                |   | 4.72    |   |   |   | —                                             |   |   |   | — |   |
| Outstanding      at December 31, 2005                                                                                                                                                                                                                                                               |   |             | 200,000  |   |                                                |   | 9.52    |   |   |   | 236,600                                             |   |   |   | 9.69 |   |
| Granted                                                  |   |             | —  |   |                                                |   | — |   |   |   | 532,150                                             |   |   |   | 20.55 |   |
| Vested                                                   |   |             | (50,000  | )      |                                                |   | 9.52    |   |   |   | (141,600                                            | )      |   |   | 9.81 |   |
| Forfeited                                                |   |             | —  |   |                                                |   | — |   |   |   | (20,000                                             | )      |   |   | 9.52 |   |
| Outstanding      at December 31, 2006                                                                                                                                                                                                                                                               |   |             | 150,000  |   |                                                |   | 9.52    |   |   |   | 607,150                                             |   |   |   | 19.19 |   |
| Granted                                                  |   |             | —  |   |                                                |   | — |   |   |   | 761,750                                             |   |   |   | 17.89 |   |
| Vested                                                   |   |             | (50,000  | )      |                                                |   | 9.52    |   |   |   | (173,900                                            | )      |   |   | 20.55 |   |
| Forfeited                                                |   |             | —  |   |                                                |   | — |   |   |   | (62,850                                             | )      |   |   | 18.97 |   |
| Outstanding      at December 31, 2007                                                                                                                                                                                                                                                               |   |             | 100,000  |   |                                                |   | 9.52    |   |   |   | 1,132,150                                           |   |   |   | 18.36 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 2005   |    |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|
| Net      loss as      reported                                                                                                                |   | $      | 135,052 |   |
| Reversal      of share-based compensation expense determinedunder      the intrinsic value method included in net loss, net of    taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   | (2,505  | )  |
| Recognition      of share-based compensation expense determinedunder      the fair value method, net of taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   | 8,962   |   |
| Pro      forma net      loss                                                                                                                  |   | $      | 141,509 |   |
| Net      loss per share—basic and      diluted:                                                                                         |   |   |    |   |
| As      reported                                                                                                                                                                      |   | $      | 2.70    |   |
| Pro      forma                                                                                                                                                                        |   | $      | 2.83    |   |

----

----

|                                                                                                                                                                                                                                                                                                                                                                                                                              |   | BeforeApplication      ofSFAS      158 |    |   | Effect      of ApplyingSFAS      158 |   |   | AfterApplication      ofSFAS      158 |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------|---------|--------|--------------------------------------|--------|--------|---------------------------------------|--------|
| Other      assets,      net                                                                  |   | $                                      | 34,327  |   |                                 | $      | (42    | )                                     |   | $ | 34,285 |   |
| Total      assets                                                                            |   |                                   | 999,934 |   |                                 |   | (42    | )                                     |   |   | 999,892 |   |
| Other      liabilities                                                                            |   |                                   | 41,145  |   |                                 |   | 405    |                                  |   |   | 41,550 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                                   |    |   |                                 |   |   |                                  |   |   |   |   |
| Accumulated      other comprehensive income                                                                                                                                                                                                                                                                                                                                                                                       |   |                                   | 3,111   |   |                                 |   | (363   | )                                     |   |   | 2,748 |   |
| Total      shareholders’ equity (deficit)                                                                                                                                                                                                                                                                                                                                                                                   |   |                                   | 58,820  |   |                                 |   | (363   | )                                     |   |   | 58,457 |   |
| Total      liabilities and shareholders’ equity (deficit)                                                                                                                                                                                                                                                                                                                                                                   |   |                                   | 999,934 |   |                                 |   | (42    | )                                     |   |   | 999,892 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                               |   | Pension      Plans |    |   |  SERPs |   |    | OPEB   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|-------------|--------|---------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 2007               |    |   | 2006        |   |    | 2007   |   |   | 2006 |   |   | 2007 |   |
| Change      in projected benefit obligation:                                                                                                                                                                                                                                                                                                                                                                                       |   |               |    |   |        |   |    |   |   |   |   |   |   |   |   |
| Benefit      obligation at beginning of year                                                                                                                                                                                                                                                                                                                                                                                       |   | $                  | 11,531  |   |        | $      | 11,888  |   |   | $ | 8,463 |   |   | $ | 8,023 |   |   | $ | — |   |
| Projected      benefit obligation assumed from acquisitions                                                                                                                                                                                                                                                                                                                                                                   |   |               | 141,970 |   |        |   | — |   |   |   | 9,206 |   |   |   | — |   |   |   | 2,641 |   |
| Service      cost                                                                                                                                         |   |               | 413     |   |        |   | 169     |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Interest      cost                                                                                                                                        |   |               | 7,605   |   |        |   | 668     |   |   |   | 1,002 |   |   |   | 1,393 |   |   |   | 124 |   |
| Participant      contributions                                                                                                                            |   |               | — |   |        |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Actuarial      (gain)      loss                                                                                                                           |   |               | 342     |   |        |   | (559    | )      |   |   | 760 |   |   |   | — |   |   |   | (99 | ) |
| Foreign      currency translation                                                                                                                                                                                                                                                                                                                                                                                                  |   |               | — |   |        |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Benefits      paid                                                                                                                                        |   |               | (6,068  | )      |        |   | (635    | )      |   |   | (2,216 | ) |   |   | (953 | ) |   |   | (241 | ) |
| Benefit      obligation at end of year                                                                                                                                                                                                                                                                                                                                                                                             |   | $                  | 155,793 |   |        | $      | 11,531  |   |   | $ | 17,215 |   |   | $ | 8,463 |   |   | $ | 2,425 |   |
| Change      in plan assets:                                                                                                                                                                                                                                                                                                                                                                                                        |   |               |    |   |        |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fair      value of plan assets at beginning of year                                                                                                                                                                                                                                                                                                                                                                                |   | $                  | 9,522   |   |        | $      | 8,596   |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |
| Fair      value of plan assets assumed from acquisitions                                                                                                                                                                                                                                                                                                                                                                           |   |               | 113,701 |   |        |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Actual      return on plan assets                                                                                                                                                                                                                                                                                                                                                                                                  |   |               | 7,056   |   |        |   | 1,022   |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Participant      contributions                                                                                                                            |   |               | — |   |        |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Employer      contributions                                                                                                                               |   |               | 8,778   |   |        |   | 539     |   |   |   | 2,216 |   |   |   | — |   |   |   | 241 |   |
| Foreign      currency translation                                                                                                                                                                                                                                                                                                                                                                                                  |   |               | — |   |        |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Benefits      paid                                                                                                                                        |   |               | (6,068  | )      |        |   | (635    | )      |   |   | (2,216 | )  |   |   | — |   |   |   | (241 | ) |
| Fair      value of plan assets at end of year                                                                                                                                                                                                                                                                                                                                                                                      |   |               | 132,989 |   |        |   | 9,522   |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Funded      status                                                                                                                                                                      |   | $                  | (22,804 | )      |        | $      | (2,009  | )      |   | $ | (17,215 | ) |   | $ | (8,463 | ) |   | $ | (2,425 | ) |
| Amounts      recognized in accumulated othercomprehensive      loss:                                                                                                                                                                                                                                                                                                                                                               |   |               |    |   |        |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      actuarial      loss                                                                                                                              |   | $                  | 4,720   |   |        | $      | (3,320  | )      |   | $ | 760 |   |   | $ | — |   |   | $ | (99 | ) |
| Prior      service      cost                                                                                                                              |   |               | 26      |   |        |   | (34     | )      |   |   | — |   |   |   | — |   |   |   | — |   |
| Total                                                                                                                                                                                   |   | $                  | 4,746   |   |        | $      | (3,354  | )      |   | $ | 760 |   |   | $ | — |   |   | $ | (99 | ) |
| Amounts      recognized in the consolidated balance sheets                                                                                                                                                                                                                                                                                                                                                                         |   |               |    |   |        |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other      assets                                                                                                                                         |   | $                  | — |   |        | $      | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |
| Total      assets                                                                                                                                         |   |               | — |   |        |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Current      liabilities                                                                                                                                  |   |               | — |   |        |   | — |   |   |   | 1,940 |   |   |   | 985 |   |   |   | 287 |   |
| Long-term      liabilities                                                                                                                                |   |               | 22,804  |   |        |   | 2,009   |   |   |   | 15,275 |   |   |   | 7,478 |   |   |   | 2,138 |   |
|             Total      liabilities                                                            |   | $                  | 22,804  |   |        | $      | 2,009   |   |   | $ | 17,215 |   |   | $ | 8,463 |   |   | $ | 2,425 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | 2007   |   |   | 2006   |   |   | 2005   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| Service      cost                                                                                                           |   | $      | 413    |   |   | $      | 169    |   |   | $ | 173 |   |
| Interest      cost on projected benefit obligation                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   | 8,731  |   |   |   | 2,061  |   |   |   | 1,196 |   |
| Expected      return on plan      assets                                                                                    |   |   | (8,339 | )      |   |   | (703   | )      |   |   | (710 | ) |
| Net      amortization and      deferral                                                                                     |   |   | 8      |   |   |   | 8      |   |   |   | 8 |   |
| Recognized      actuarial      loss                                                                                         |   |   | 224    |   |   |   | 267    |   |   |   | 200 |   |
| Net      periodic pension      expense                                                                            |   | $      | 1,037  |   |   | $      | 1,802  |   |   | $ | 867 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 2007  |   | 2006  |   | 2005       |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|--------|-------|--------|------------|
| Weighted      average discount      rate                                                                                      | 6.00% |   | 6.00% |   | 5.50-5.75% |
| Expected      long-term rate of return on assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 8.00% |   | 8.00% |   | 8.00%      |
| Rate      of compensation      increase                                                                                       | 4.00% |   | 4.00% |   | 3.50-4.00% |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | U.S.      Plans |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | 2007            |   |   | 2006 |   |   | Target |   |
| Equity      securities                                                                                               |   |            | 56-75  | % |   |   | 67 | % |   |   | 68 | % |
| Debt      securities, including      cash                                                                            |   |            | 14-35  | % |   |   | 27 | % |   |   | 27 | % |
| Real      estate                                                                                                     |   |            | 4-11   | % |   |   | 6 | % |   |   | 5 | % |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |            | 100    | % |   |   | 100 | % |   |   | 100 | % |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | U.S.      Plans |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 2007            |   | 2006 |   |
| Projected      benefit      obligation                                                                              |            | $      | 173,008 |   |   | $ | 11,531 |   |
| Accumulated      benefit      obligation                                                                            |            |   | 172,365 |   |   |   | 11,202 |   |
| Fair      value of plan      assets                                                                                 |            |   | 132,989 |   |   |   | 9,522 |   |

|                          | Pension Plans |   | SERP   |   |  OPEB  |
|-------------------------------|---------------|--------|--------|--------|------------------|
| 2008                          | $             | 8,036  |   | $      | 1,895            |   |  $ |    295 |
| 2009                          |          | 8,331  |   |   | 1,869            |   |   |     276 |
| 2010                          |          | 8,481  |   |   | 1,729            |   |   |    260 |
| 2011                          |          | 8,621  |   |   | 1,656            |   |   |     242 |
| 2012                          |          | 8,924  |   |   | 1,751            |   |   |     224 |
|        2013 – 2017 |          | 48,150 |   |   | 7,028            |   |   |     928 |

| 2008                                                                        |   | $      | 34,944  |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|
| 2009                                                                        |   |   | 27,555  |   |
| 2010                                                                        |   |   | 21,251  |   |
| 2011                                                                        |   |   | 16,613  |   |
| 2012                                                                        |   |   | 12,833  |   |
| Thereafter                                                                  |   |   | 33,514  |   |
| Total                                                                                                |   | $      | 146,710 |   |

----

|                                                                   |   | December      31 |    |
|------------------------------------------------------------------------|--------|------------------|---------|
|                                                                   |   | 2007             |    |   | 2006 |   |
| Currency      translation adjustments                        |   | $                | 8,595   |   |   | $ | 7,945 |   |
| Unrealized      loss on cash flow hedges, net of tax benefit of $4,986 |   |             | (10,772 | ) |   |   | (2,992 | ) |
| Pension      liability adjustments, net of tax expense of $1,294       |   |             | (4,336  | ) |   |   | (2,205 | ) |
| Accumulated      other comprehensive (loss) income                     |   | $                | (6,513  | ) |   | $ | 2,748 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 2007   |   |   | 2006   |   |    | 2005   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|---------|--------|--------|
| Numerator      for basic and diluted income (loss) per share                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |    |   |   |
| Income      (loss) from continuing      operations                                                                                         |   | $      | 23,985 |   |   | $      | (11,148 | )      |   | $ | (148,101 | ) |
| Income      from discontinued operations, net of taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | 16,796 |   |   |   | 126,519 |   |   |   | 13,049 |   |
| Net      income      (loss)                                                                                                                |   | $      | 40,781 |   |   | $      | 115,371 |   |   | $ | (135,052 | ) |
| Denominator      weighted average common shares outstanding:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |   |   |    |   |   |   |   |   |
| Basic      shares                                                                                                                          |   |   | 53,584 |   |   |   | 53,288  |   |   |   | 50,038 |   |
| Dilutive      effect of equity      awards                                                                                                                          |   |   | 1,061  |   |   |   | — |   |   |   | — |   |
| Diluted      shares                                                                                                                        |   |   | 54,645 |   |   |   | 53,288  |   |   |   | 50,038 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |   |    |   |   |   |   |   |
| Income      (loss) per share - basic:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |   |    |   |   |   |   |   |
| Continuing      operations                                                                                                                 |   | $      | 0.45   |   |   | $      | (0.21   | )      |   | $ | (2.96 | ) |
| Discontinued      operations                                                                                                               |   |   | 0.31   |   |   |   | 2.38    |   |   |   | 0.26 |   |
| Net      income      (loss)                                                                                                                |   | $      | 0.76   |   |   | $      | 2.17    |   |   | $ | (2.70 | ) |
| Income      (loss) per share - diluted:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |    |   |   |   |   |   |
| Continuing      operations                                                                                                                 |   | $      | 0.44   |   |   | $      | (0.21   | )      |   | $ | (2.96 | ) |
| Discontinued      operations                                                                                                               |   |   | 0.31   |   |   |   | 2.38    |   |   |   | 0.26 |   |
| Net      income      (loss)                                                                                                                |   | $      | 0.75   |   |   | $      | 2.17    |   |   | $ | (2.70 | ) |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | 2007   |      |   | 2006   |   |      | 2005   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|-----------|--------|--------|
| Net      sales:                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |      |   |   |   |      |   |   |
| Envelopes,      Forms and      Labels                                                                                |   | $      | 897,722   |   |   | $      | 780,696   |   |   | $ | 767,403 |   |
| Commercial      Printing                                                                                             |   |   | 1,148,994 |   |   |   | 730,528   |   |   |   | 827,378 |   |
| Total                                                                                                                |   | $      | 2,046,716 |   |   | $      | 1,511,224 |   |   | $ | 1,594,781 |   |
| Operating      income (loss):                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |      |   |   |   |      |   |   |   |   |   |
| Envelopes,      Forms and      Labels                                                                                |   | $      | 117,342   |   |   | $      | 82,753    |   |   | $ | 51,830 |   |
| Commercial      Printing                                                                                             |   |   | 55,085    |   |   |   | 13,606    |   |   |   | (30,675 | ) |
| Corporate                                                                                                            |   |   | (34,877   | )      |   |   | (32,964   | )      |   |   | (47,465 | ) |
| Total                                                                                                                |   | $      | 137,550   |   |   | $      | 63,395    |   |   | $ | (26,310 | ) |
| Restructuring,      asset impairment and other charges:                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   |      |   |   |   |      |   |   |   |   |   |
| Envelopes,      Forms and      Labels                                                                                |   | $      | 11,350    |   |   | $      | 18,336    |   |   | $ | 12,540 |   |
| Commercial      Printing                                                                                             |   |   | 28,279    |   |   |   | 21,560    |   |   |   | 36,367 |   |
| Corporate                                                                                                            |   |   | 457       |   |   |   | 1,200     |   |   |   | 28,347 |   |
| Total                                                                                                                |   | $      | 40,086    |   |   | $      | 41,096    |   |   | $ | 77,254 |   |
| Significant      noncash charges (credits):                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |      |   |   |   |      |   |   |   |   |   |
| Envelopes,      Forms and      Labels                                                                                |   | $      | 3,640     |   |   | $      | 6,880     |   |   | $ | 5,107 |   |
| Commercial      Printing                                                                                             |   |   | 16,089    |   |   |   | 3,821     |   |   |   | 21,926 |   |
| Corporate                                                                                                            |   |   | —   |   |   |   | (355      | )      |   |   | 4,977 |   |
| Total                                                                                                                |   | $      | 19,729    |   |   | $      | 10,346    |   |   | $ | 32,010 |   |
| Depreciation      and intangible asset amortization:                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |      |   |   |   |      |   |   |   |   |   |
| Envelopes,      Forms and      Labels                                                                                |   | $      | 21,015    |   |   | $      | 16,438    |   |   | $ | 17,728 |   |
| Commercial      Printing                                                                                             |   |   | 43,346    |   |   |   | 23,567    |   |   |   | 29,978 |   |
| Corporate                                                                                                            |   |   | 1,147     |   |   |   | 688       |   |   |   | 542 |   |
| Total                                                                                                                |   | $      | 65,508    |   |   | $      | 40,693    |   |   | $ | 48,248 |   |
| Capital      expenditures:                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |      |   |   |   |      |   |   |   |   |   |
| Envelopes,      Forms and      Labels                                                                                |   | $      | 5,145     |   |   | $      | 4,837     |   |   | $ | 3,884 |   |
| Commercial      Printing                                                                                             |   |   | 24,546    |   |   |   | 12,974    |   |   |   | 23,065 |   |
| Corporate                                                                                                            |   |   | 1,847     |   |   |   | 2,119     |   |   |   | 1,205 |   |
| Total                                                                                                                |   | $      | 31,538    |   |   | $      | 19,930    |   |   | $ | 28,154 |   |
| Net      sales by product line:                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |      |   |   |   |      |   |   |   |   |   |
| Envelopes                                                                                                            |   | $      | 604,351   |   |   | $      | 582,460   |   |   | $ | 594,327 |   |
| Commercial      Printing                                                                                             |   |   | 823,195   |   |   |   | 727,611   |   |   |   | 812,194 |   |
| Journals      and      periodicals                                                                                   |   |   | 323,370   |   |   |   | —   |   |   |   | — |   |
| Labels      and Business      Forms                                                                                  |   |   | 295,800   |   |   |   | 201,153   |   |   |   | 188,260 |   |
| Total                                                                                                                |   | $      | 2,046,716 |   |   | $      | 1,511,224 |   |   | $ | 1,594,781 |   |
| Intercompany      sales:                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |      |   |   |   |      |   |   |   |   |   |
| Envelopes,      Forms and Labels to Commercial      Printing                                                                   |   | $      | 8,802     |   |   | $      | 13,254    |   |   | $ | 12,629 |   |
| Commercial      Printing to Envelopes, Forms and Labels                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   | 6,985     |   |   |   | 15,855    |   |   |   | 19,977 |   |
| Total                                                                                                                |   | $      | 15,787    |   |   | $      | 29,109    |   |   | $ | 32,606 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | December      31 |      |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------|-----------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 2007             |      |   | 2006 |   |
| Identifiable      assets:                                                                                                                                                                                                                                                                                                                                                                                                             |   |             |      |   |   |   |
| Envelopes,      Forms and      Labels                                                                 |   | $                | 833,337   |   |   | $ | 494,321 |   |
| Commercial      Printing                                                                              |   |             | 1,105,832 |   |   |   | 393,954 |   |
| Corporate                                                                                             |   |             | 63,553    |   |   |   | 111,617 |   |
| Total                                                                                                 |   | $                | 2,002,722 |   |   | $ | 999,892 |   |

|                                                                                                                                                                                                                                                                                                                                                                      |   | 2007   |      |   | 2006   |   |      | 2005   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|-----------|--------|--------|
| Net      sales:                                                                                                                                                                                                                                                                                                                                                           |   |   |      |   |   |   |      |   |   |
| U.S.                                                               |   | $      | 1,961,505 |   |   | $      | 1,452,453 |   |   | $ | 1,535,281 |   |
| Foreign                                                            |   |   | 85,211    |   |   |   | 58,771    |   |   |   | 59,500 |   |
| Total                                                              |   | $      | 2,046,716 |   |   | $      | 1,511,224 |   |   | $ | 1,594,781 |   |

|                                                                                                                                                                                                                                                                                                                                                          |   | 2007   |      |   | 2006   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|
| Long-lived      assets (property plant and equipment and intangible      assets):                                                                                                                                                                                                                                                                             |   |   |      |   |   |   |
| U.S.                                                             |   | $      | 1,335,213 |   |   | $      | 517,018 |   |
| Foreign                                                          |   |   | 33,552    |   |   |   | 29,918 |   |
| Total                                                            |   | $      | 1,368,765 |   |   | $      | 546,936 |   |

----

|                                                                           |   | Parent  |    |   | Subsidiary |   |      | Guarantor    |   |   | Non-Guarantor |   |   |         |    |   |         |   |
|--------------------------------------------------------------------------------|--------|---------|---------|--------|------------|--------|-----------|--------------|--------|--------|---------------|--------|--------|--------------|---------|--------|--------------|--------|
|                                                                           |   | Company |    |   | Issuer     |   |      | Subsidiaries |   |   | Subsidiaries  |   |   | Eliminations |    |   | Consolidated |   |
|                                                                           |   |    |    |   |       |   |      |         |   |   |          |   |   |         |    |   |         |   |
| Assets                                                                         |   |    |    |   |       |   |      |         |   |   |          |   |   |         |    |   |         |   |
| Current      assets:                                                           |   |    |    |   |       |   |      |         |   |   |          |   |   |         |    |   |         |   |
|     Cash      and cash equivalents                         |   | $       | — |   |       | $      | 13,091    |         |   | $      | 882           |   |   | $            | 1,909   |   |         | $      | — |   |   | $ | 15,882 |   |
|     Accounts      receivable, net                          |   |    | — |   |       |   | 164,815   |         |   |   | 175,746       |   |   |         | 4,073   |   |         |   | — |   |   |   | 344,634 |   |
|     Inventories                                            |   |    | — |   |       |   | 89,259    |         |   |   | 72,782        |   |   |         | 867     |   |         |   | — |   |   |   | 162,908 |   |
|     Notes      receivable from subsidiaries                |   |    | — |   |       |   | 40,108    |         |   |   | —       |   |   |         | — |   |         |   | (40,108 | ) |   |   | — |   |
|     Prepaid      and other current assets                  |   |    | — |   |       |   | 57,484    |         |   |   | 15,160        |   |   |         | 714     |   |         |   | — |   |   |   | 73,358 |   |
|         Total      current assets      |   |    | — |   |       |   | 364,757   |         |   |   | 264,570       |   |   |         | 7,563   |   |         |   | (40,108 | ) |   |   | 596,782 |   |
|                                                                           |   |    |    |   |       |   |      |         |   |   |          |   |   |         |    |   |         |   |   |   |   |   |   |   |
| Investment      in subsidiaries                                                |   |    | 99,326  |   |       |   | 1,461,662 |         |   |   | 2,058         |   |   |         | — |   |         |   | (1,563,046 | ) |   |   | — |   |
| Property,      plant and equipment, net                                        |   |    | — |   |       |   | 173,103   |         |   |   | 254,378       |   |   |         | 860     |   |         |   | — |   |   |   | 428,341 |   |
| Goodwill                                                                       |   |    | — |   |       |   | 175,220   |         |   |   | 494,582       |   |   |         | — |   |         |   | — |   |   |   | 669,802 |   |
| Other      intangible assets, net                                              |   |    | — |   |       |   | 9,512     |         |   |   | 261,110       |   |   |         | — |   |         |   | — |   |   |   | 270,622 |   |
| Other      assets, net                                                         |   |    | — |   |       |   | 22,949    |         |   |   | 13,833        |   |   |         | 393     |   |         |   |  — |   |   |   | 37,175 |   |
|     Total      assets                                      |   | $       | 99,326  |   |       | $      | 2,207,203 |         |   | $      | 1,290,531     |   |   | $            | 8,816   |   |         | $      | (1,603,154 | ) |   | $ | 2,002,722 |   |
|                                                                           |   |    |    |   |       |   |      |         |   |   |          |   |   |         |    |   |         |   |   |   |   |   |   |   |
| Liabilities      and Shareholders’ Equity                                |   |    |    |   |       |   |      |         |   |   |          |   |   |         |    |   |         |   |   |   |   |   |   |   |
| Current      liabilities:                                                      |   |    |    |   |       |   |      |         |   |   |          |   |   |         |    |   |         |   |   |   |   |   |   |   |
|     Current      maturities of long-term debt              |   | $       | — |   |       | $      | 8,769     |         |   | $      | 9,983         |   |   | $            | — |   |         | $      | — |   |   | $ | 18,752 |   |
|     Accounts      payable                                  |   |    | — |   |       |   | 98,111    |         |   |   | 65,130        |   |   |         | 2,217   |   |         |   | — |   |   |   | 165,458 |   |
|     Accrued      compensation and related liabilities      |   |    | — |   |       |   | 23,792    |         |   |   | 23,361        |   |   |         | — |   |         |   | — |   |   |   | 47,153 |   |
|     Other      current liabilities                         |   |    | — |   |       |   | 57,845    |         |   |   | 20,495        |   |   |         | 1,214   |   |         |   | — |   |   |   | 79,554 |   |
|     Intercompany      payable (receivable)                 |   |    | — |   |       |   | 479,191   |         |   |   | (482,518      | )      |   |         | 3,327   |   |         |   | — |   |   |   | — |   |
|     Notes      payable to issuer                           |   |    | — |   |       |   | —   |         |   |   | 40,108        |   |   |         | — |   |         |   | (40,108 | ) |   |   | — |   |
|         Total      current liabilities |   |    | — |   |       |   | 667,708   |         |   |   | (323,441      | )      |   |         | 6,758   |   |         |   | (40,108 | ) |   |   | 310,917 |   |
|                                                                           |   |    |    |   |       |   |      |         |   |   |          |   |   |         |    |   |         |   |   |   |   |   |   |   |
| Long-term      debt                                                            |   |    | — |   |       |   | 1,400,620 |         |   |   | 25,265        |   |   |         | — |   |         |   | — |   |   |   | 1,425,885 |   |
| Deferred      income tax liability (asset)                                     |   |    | — |   |       |   | (17,162   | )            |   |   | 72,343        |   |   |         | — |   |         |   | — |   |   |   | 55,181 |   |
| Other      liabilities                                                         |   |    | — |   |       |   | 56,711    |         |   |   | 54,702        |   |   |         | — |   |         |   | — |   |   |   | 111,413 |   |
| Shareholders’      equity                                                |   |    | 99,326  |   |       |   | 99,326    |         |   |   | 1,461,662     |   |   |         | 2,058   |   |         |   | (1,563,046 | ) |   |   | 99,326 |   |
|     Total      liabilities and shareholders’ equity  |   | $       | 99,326  |   |       | $      | 2,207,203 |         |   | $      | 1,290,531     |   |   | $            | 8,816   |   |         | $      | (1,603,154 | ) |   | $ | 2,002,722 |   |

----

|                                                                                                                                   |   | Parent  |    |   | Subsidiary |   |      | Guarantor    |   |   | Non-Guarantor |   |   |         |    |   |         |   |
|----------------------------------------------------------------------------------------------------------------------------------------|--------|---------|---------|--------|------------|--------|-----------|--------------|--------|--------|---------------|--------|--------|--------------|---------|--------|--------------|--------|
|                                                                                                                                   |   | Company |    |   | Issuer     |   |      | Subsidiaries |   |   | Subsidiaries  |   |   | Eliminations |    |   | Consolidated |   |
|                                                                                                                                   |   |    |    |   |       |   |      |         |   |   |          |   |   |         |    |   |         |   |
| Net      sales                                                                                                                         |   | $       | — |   |       | $      | 1,162,075 |         |   | $      | 872,947       |   |   | $            | 11,694  |   |         | $      | — |   |   | $ | 2,046,716 |   |
| Cost      of sales                                                                                                                     |   |    | — |   |       |   | 954,373   |         |   |   | 665,472       |   |   |         | 8,861   |   |         |   | — |   |   |   | 1,628,706 |   |
| Selling,      general and administrative                                                                                               |   |    | — |   |       |   | 164,620   |         |   |   | 64,907        |   |   |         | 434     |   |         |   | — |   |   |   | 229,961 |   |
| Amortization      of intangible assets                                                                                                 |   |    | — |   |       |   | 4,826     |         |   |   | 5,587         |   |   |         | — |   |         |   | — |   |   |   | 10,413 |   |
| Restructuring      and impairment charges                                                                                         |   |    | — |   |       |   | 39,956    |         |   |   | 130           |   |   |         | — |   |         |   | — |   |   |   | 40,086 |   |
|   Operating      income (loss)                                                                                               |   |    | — |   |       |   | (1,700    | )            |   |   | 136,851       |   |   |         | 2,399   |   |         |   | — |   |   |   | 137,550 |   |
| Gain      on sale of non-strategic businesses                                                                                          |   |    | — |   |       |   | (189      | )            |   |   | —       |   |   |         | — |   |         |   | — |   |   |   | (189 | ) |
| Interest      expense, net                                                                                                             |   |    | — |   |       |   | 90,070    |         |   |   | 1,411         |   |   |         | (14     | )      |         |   | — |   |   |   | 91,467 |   |
| Intercompany      interest expense (income)                                                                                            |   |    | — |   |       |   | (3,598    | )            |   |   | 3,598         |   |   |         | — |   |         |   | — |   |   |   | — |   |
| Loss      on early extinguishment of debt                                                                                              |   |    | — |   |       |   | 9,186     |         |   |   | 70            |   |   |         | — |   |         |   | — |   |   |   | 9,256 |   |
| Other      expense, net                                                                                                                |   |    | — |   |       |   | 1,091     |         |   |   | 1,681         |   |   |         | 359     |   |         |   | — |   |   |   | 3,131 |   |
|   Income      (loss) from continuing operations before income taxes and equity in income      of unconsolidated subsidiaries |   |    | — |   |       |   | (98,260   | )            |   |   | 130,091       |   |   |         | 2,054   |   |         |   | — |   |   |   | 33,885 |   |
| Income      tax expense (benefit)                                                                                                      |   |    | — |   |       |   | 12,303    |         |   |   | (2,504        | )      |   |         | 101     |   |         |   | — |   |   |   | 9,900 |   |
|   Income      (loss) from continuing operations before equity in income of      unconsolidated subsidiaries                  |   |    | — |   |       |   | (110,563  | )            |   |   | 132,595       |   |   |         | 1,953   |   |         |   | — |   |   |   | 23,985 |   |
| Equity      in income of unconsolidated subsidiaries                                                                                   |   |    | 40,781  |   |       |   | 134,548   |         |   |   | 1,953         |   |   |         | — |   |         |   | (177,282 | ) |   |   | — |   |
|   Income      (loss) from continuing operations                                                                              |   |    | 40,781  |   |       |   | 23,985    |         |   |   | 134,548       |   |   |         | 1,953   |   |         |   | (177,282 | ) |   |   | 23,985 |   |
| Income      from discontinued operations, net of taxes                                                                                 |   |    | — |   |       |   | 16,796    |         |   |   | —       |   |   |         | — |   |         |   |  — |   |   |   | 16,796 |   |
| Net      income (loss)                                                                                                                 |   | $       | 40,781  |   |       | $      | 40,781    |         |   | $      | 134,548       |   |   | $            | 1,953   |   |         | $      | (177,282 | ) |   | $ | 40,781 |   |

----

|                                                                                            |   | Parent  |    |   | Subsidiary |   |     | Guarantor    |   |   | Non-Guarantor |   |   |         |    |   |         |   |
|-------------------------------------------------------------------------------------------------|--------|---------|---------|--------|------------|--------|----------|--------------|--------|--------|---------------|--------|--------|--------------|---------|--------|--------------|--------|
|                                                                                            |   | Company |    |   | Issuer     |   |     | Subsidiaries |   |   | Subsidiaries  |   |   | Eliminations |    |   | Consolidated |   |
| Cash      flows from operating activities:                                                      |   |    |    |   |       |   |     |         |   |   |          |   |   |         |    |   |         |   |
| Net      cash (used in) provided by continuing operating activities                             |   | $       | 10,280  |   |       | $      | (65,159  | )            |   | $      | 139,178       |   |   | $            | 1,909   |   |         | $      | — |   |   | $ | 86,208 |   |
| Net      cash provided by discontinued operating activities                                     |   |    | — |   |       |   | 2,198    |         |   |   | —       |   |   |         | — |   |         |   | — |   |   |   | 2,198 |   |
| Net      cash (used in) provided by operating activities                                   |   |    | 10,280  |   |       |   | (62,961  | )            |   |   | 139,178       |   |   |         | 1,909   |   |         |   | — |   |   |   | 88,406 |   |
| Cash      flows from investing activities:                                                      |   |    |    |   |       |   |     |         |   |   |          |   |   |         |    |   |         |   |   |   |   |   |   |   |
| Cost      of business acquisitions, net of cash acquired                                        |   |    | — |   |       |   | (627,304 | )            |   |   | —       |   |   |         | — |   |         |   | — |   |   |   | (627,304 | ) |
| Capital      expenditures                                                                       |   |    | — |   |       |   | (14,016  | )            |   |   | (17,522       | )      |   |         | — |   |         |   | — |   |   |   | (31,538 | ) |
| Intercompany      note                                                                          |   |    | — |   |       |   | 2,733    |         |   |   | —       |   |   |         | — |   |         |   | (2,733 | ) |   |   | — |   |
| Acquisition      payments                                                                       |   |    | — |   |       |   | (3,653   | )            |   |   | —       |   |   |         | — |   |         |   | — |   |   |   | (3,653 | ) |
| Proceeds      from sale of property, plant and equipment                                        |   |    | — |   |       |   | 8,702    |         |   |   | 247           |   |   |         | — |   |         |   | — |   |   |   | 8,949 |   |
| Proceeds      from divestitures, net                                                            |   |    | — |   |       |   | 431      |         |   |   | —       |   |   |         | — |   |         |   | — |   |   |   | 431 |   |
| Net      cash provided by (used in) investing activities of continuing      operations          |   |    | — |   |       |   | (633,107 | )            |   |   | (17,275       | )      |   |         | — |   |         |   | (2,733 | ) |   |   | (653,115 | ) |
| Proceeds      from the sale of discontinued operations                                          |   |    | — |   |       |   | 73,628   |         |   |   | —       |   |   |         | — |   |         |   | — |   |   |   | 73,628 |   |
| Net      cash provided by investing activities of discontinued      operations                  |   |    | — |   |       |   | 73,628   |         |   |   | —       |   |   |         | — |   |         |   | — |   |   |   | 73,628 |   |
| Net      cash provided by (used in) investing activities                                   |   |    | — |   |       |   | (559,479 | )            |   |   | (17,275       | )      |   |         | — |   |         |   | (2,733 | ) |   |   | (579,487 | ) |
| Cash      flows from financing activities:                                                      |   |    |    |   |       |   |     |         |   |   |          |   |   |         |    |   |         |   |   |   |   |   |   |   |
| Proceeds      from issuance of Term Loans                                                       |   |    | — |   |       |   | 720,000  |         |   |   | —       |   |   |         | — |   |         |   | — |   |   |   | 720,000 |   |
| Proceeds      from Unsecured Loan                                                               |   |    | — |   |       |   | 175,000  |         |   |   | —       |   |   |         | — |   |         |   | — |   |   |   | 175,000 |   |
| Borrowings      under Revolving Credit Facility, net                                            |   |    | — |   |       |   | 75,700   |         |   |   | —       |   |   |         | — |   |         |   | — |   |   |   | 75,700 |   |
| Proceeds      from exercise of stock options                                                    |   |    | 304     |   |       |   | —  |         |   |   | —       |   |   |         | — |   |         |   | — |   |   |   | 304 |   |
| Proceeds      from excess tax benefit from stock based compensation                             |   |    | 67      |   |       |   | —  |         |   |   | —       |   |   |         | — |   |         |   | — |   |   |   | 67 |   |
| Repayment      of Term Loan B                                                                   |   |    | — |   |       |   | (324,188 | )            |   |   | —       |   |   |         | — |   |         |   | — |   |   |   | (324,188 | ) |
| Repayment      of Cadmus revolving senior bank credit facility                                  |   |    | — |   |       |   | (70,100  | )            |   |   | —       |   |   |         | — |   |         |   | — |   |   |   | (70,100 | ) |
| Repayment      of 8 3⁄8% Senior Subordinated Notes                                          |   |    | — |   |       |   | (20,880  | )            |   |   | —       |   |   |         | — |   |         |   | — |   |   |   | (20,880 | ) |
| Repayment      of 9 5⁄8% Notes                                                              |   |    | — |   |       |   | (10,498  | )            |   |   | —       |   |   |         | — |   |         |   | — |   |   |   | (10,498 | ) |
| Repayments      of Term Loans                                                                   |   |    | — |   |       |   | (4,900   | )            |   |   | —       |   |   |         | — |   |         |   | — |   |   |   | (4,900 | ) |
| Repayments      of other long-term debt                                                         |   |    | — |   |       |   | (2,477   | )            |   |   | (26,576       | )      |   |         | — |   |         |   | — |   |   |   | (29,053 | ) |
| Payment      of refinancing fees, redemption, premiums and expenses                             |   |    | — |   |       |   | (8,045   | )            |   |   | —       |   |   |         | — |   |         |   | — |   |   |   | (8,045 | ) |
| Payment      of debt issuance costs                                                             |   |    | — |   |       |   | (5,906   | )            |   |   | —       |   |   |         | — |   |         |   | — |   |   |   | (5,906 | ) |
| Purchase      and retirement of common stock upon vesting of RSUs                               |   |    | (1,302  | )      |       |   | —  |         |   |   | —       |   |   |         | — |   |         |   | — |   |   |   | (1,302 | ) |
| Intercompany      note                                                                          |   |    | — |   |       |   | —  |         |   |   | (2,733        | )      |   |         | — |   |         |   | 2,733 |   |   |   | — |   |
| Intercompany      advances                                                                      |   |    | (9,349  | )      |       |   | 103,170  |         |   |   | (93,821       | )      |   |         | — |   |         |   | — |   |   |   | — |   |
| Net      cash provided by (used in) financing activities                                        |   |    | (10,280 | )      |       |   | 626,876  |         |   |   | (123,130      | )      |   |         | — |   |         |   | 2,733 |   |   |   | 496,199 |   |
| Effect      of exchange rate changes on cash and cash equivalents of continuing      operations |   |    | — |   |       |   | —  |         |   |   | 206           |   |   |         | — |   |         |   | — |   |   |   | 206 |   |
| Net      increase (decrease) in cash and cash equivalents                                       |   |    | — |   |       |   | 4,436    |         |   |   | (1,021        | )      |   |         | 1,909   |   |         |   | — |   |   |   | 5,324 |   |
| Cash      and cash equivalents at beginning of year                                             |   |    | — |   |       |   | 8,655    |         |   |   | 1,903         |   |   |         | — |   |         |   | — |   |   |   | 10,558 |   |
| Cash      and cash equivalents at end of year                                                   |   | $       | — |   |       | $      | 13,091   |         |   | $      | 882           |   |   | $            | 1,909   |   |         | $      | — |   |   | $ | 15,882 |   |

----

|                                                                           |   | Parent  |    |   | Subsidiary |   |      | Guarantor    |   |   | Non-Guarantor |   |   |         |    |   | As      Restated    |   |
|--------------------------------------------------------------------------------|--------|---------|---------|--------|------------|--------|-----------|--------------|--------|--------|---------------|--------|--------|--------------|---------|--------|------------------------------------|--------|
|                                                                           |   | Company |    |   | Issuer     |   |      | Subsidiaries |   |   | Subsidiaries  |   |   | Eliminations |    |   | Consolidated                       |   |
| Assets                                                                         |   |    |    |   |       |   |      |         |   |   |          |   |   |         |    |   |                               |   |
| Current      assets:                                                           |   |    |    |   |       |   |      |         |   |   |          |   |   |         |    |   |                               |   |
|     Cash      and cash equivalents                         |   | $       | — |   |       | $      | 8,655     |         |   | $      | 1,903         |   |   | $            | — |   |                               | $      | — |   |   | $ | 10,558 |   |
|     Accounts      receivable, net                          |   |    | — |   |       |   | 200,140   |         |   |   | 28,772        |   |   |         | — |   |                               |   | — |   |   |   | 228,912 |   |
|     Inventories                                            |   |    | — |   |       |   | 80,724    |         |   |   | 10,810        |   |   |         | — |   |                               |   | — |   |   |   | 91,534 |   |
|     Notes      receivable from subsidiaries                |   |    | — |   |       |   | 42,841    |         |   |   | —       |   |   |         | — |   |                               |   | (42,841 | ) |   |   | — |   |
|     Assets      held for sale                              |   |    | — |   |       |   | 51,966    |         |   |   | —       |   |   |         | — |   |                               |   | — |   |   |   | 51,966 |   |
|     Prepaid      and other current assets                  |   |    | — |   |       |   | 39,461    |         |   |   | 1,952         |   |   |         | — |   |                               |   | — |   |   |   | 41,413 |   |
|         Total      current assets      |   |    | — |   |       |   | 423,787   |         |   |   | 43,437        |   |   |         | — |   |                               |   | (42,841 | ) |   |   | 424,383 |   |
|                                                                           |   |    |    |   |       |   |      |         |   |   |          |   |   |         |    |   |                               |   |   |   |   |   |   |   |
| Investment      in subsidiaries                                                |   |    | 58,457  |   |       |   | 438,793   |         |   |   | —       |   |   |         | — |   |                               |   | (497,250 | ) |   |   | — |   |
| Property,      plant and equipment, net                                        |   |    | — |   |       |   | 203,036   |         |   |   | 48,067        |   |   |         | — |   |                               |   | — |   |   |   | 251,103 |   |
| Goodwill                                                                       |   |    | — |   |       |   | 173,718   |         |   |   | 84,418        |   |   |         | — |   |                               |   | — |   |   |   | 258,136 |   |
| Other      intangible assets, net                                              |   |    | — |   |       |   | 14,340    |         |   |   | 17,645        |   |   |         | — |   |                               |   | — |   |   |   | 31,985 |   |
| Other      assets, net                                                         |   |    | — |   |       |   | 34,243    |         |   |   | 42            |   |   |         | — |   |                               |   | — |   |   |   | 34,285 |   |
|     Total      assets                                      |   | $       | 58,457  |   |       | $      | 1,287,917 |         |   | $      | 193,609       |   |   | $            | — |   |                               | $      | (540,091 | ) |   | $ | 999,892 |   |
|                                                                           |   |    |    |   |       |   |      |         |   |   |          |   |   |         |    |   |                               |   |   |   |   |   |   |   |
| Liabilities      and Shareholders’ Equity                                |   |    |    |   |       |   |      |         |   |   |          |   |   |         |    |   |                               |   |   |   |   |   |   |   |
| Current      liabilities:                                                      |   |    |    |   |       |   |      |         |   |   |          |   |   |         |    |   |                               |   |   |   |   |   |   |   |
|     Current      maturities of long-term debt              |   | $       | — |   |       | $      | 7,434     |         |   | $      | 79            |   |   | $            | — |   |                               | $      | — |   |   | $ | 7,513 |   |
|     Accounts      payable                                  |   |    | — |   |       |   | 105,978   |         |   |   | 10,202        |   |   |         | — |   |                               |   | — |   |   |   | 116,180 |   |
| Accrued      compensation and related liabilities                              |   |    | — |   |       |   | 36,103    |         |   |   | 4,139         |   |   |         | — |   |                               |   | — |   |   |   | 40,242 |   |
|     Other      current liabilities                         |   |    | — |   |       |   | 60,383    |         |   |   | 3,429         |   |   |         | — |   |                               |   | — |   |   |   | 63,812 |   |
|     Intercompany      payable (receivable)                 |   |    | — |   |       |   | 322,265   |         |   |   | (322,265      | )      |   |         | — |   |                               |   | — |   |   |   | — |   |
|     Notes      payable to issuer                           |   |    | — |   |       |   | —   |         |   |   | 42,841        |   |   |         | — |   |                               |   | (42,841 | ) |   |   | — |   |
|         Total      current liabilities |   |    | — |   |       |   | 532,163   |         |   |   | (261,575      | )      |   |         | — |   |                               |   | (42,841 | ) |   |   | 227,747 |   |
|                                                                           |   |    |    |   |       |   |      |         |   |   |          |   |   |         |    |   |                               |   |   |   |   |   |   |   |
| Long-term      debt                                                            |   |    | — |   |       |   | 667,103   |         |   |   | 679           |   |   |         | — |   |                               |   | — |   |   |   | 667,782 |   |
| Deferred      income tax liability (asset)                                     |   |    | — |   |       |   | (3,062    | )            |   |   | 7,418         |   |   |         | — |   |                               |   | — |   |   |   | 4,356 |   |
| Other      liabilities                                                         |   |    | — |   |       |   | 33,256    |         |   |   | 8,294         |   |   |         | — |   |                               |   | — |   |   |   | 41,550 |   |
| Shareholders’      equity                                                |   |    | 58,457  |   |       |   | 58,457    |         |   |   | 438,793       |   |   |         | — |   |                               |   | (497,250 | ) |   |   | 58,457 |   |
|     Total      liabilities and shareholders’ equity  |   | $       | 58,457  |   |       | $      | 1,287,917 |         |   | $      | 193,609       |   |   | $            | — |   |                               | $      | (540,091 | ) |   | $ | 999,892 |   |

----

|                                                                                                                            |   | Parent  |    |   | Subsidiary |   |      | Guarantor    |   |   | Non-Guarantor |   |   |         |    |   | As      Restated |   |
|---------------------------------------------------------------------------------------------------------------------------------|--------|---------|---------|--------|------------|--------|-----------|--------------|--------|--------|---------------|--------|--------|--------------|---------|--------|------------------|--------|
|                                                                                                                            |   | Company |    |   | Issuer     |   |      | Subsidiaries |   |   | Subsidiaries  |   |   | Eliminations |    |   | Consolidated     |   |
| Net      sales                                                                                                                  |   | $       | — |   |       | $      | 1,295,870 |         |   | $      | 215,354       |   |   | $            | — |   |             | $      | — |   |   | $ | 1,511,224 |   |
| Cost      of sales                                                                                                              |   |    | — |   |       |   | 1,049,846 |         |   |   | 161,938       |   |   |         | — |   |             |   | — |   |   |   | 1,211,784 |   |
| Selling,      general and administrative                                                                                        |   |    | — |   |       |   | 169,357   |         |   |   | 20,119        |   |   |         | — |   |             |   | — |   |   |   | 189,476 |   |
| Amortization      of intangible assets                                                                                          |   |    | — |   |       |   | 4,957     |         |   |   | 516           |   |   |         | — |   |             |   | — |   |   |   | 5,473 |   |
| Restructuring      and impairment charges                                                                                  |   |    | — |   |       |   | 40,948    |         |   |   | 148           |   |   |         | — |   |             |   | — |   |   |   | 41,096 |   |
| Operating      income                                                                                                           |   |    | — |   |       |   | 30,762    |         |   |   | 32,633        |   |   |         | — |   |             |   | — |   |   |   | 63,395 |   |
| Loss      on sale of non-strategic businesses                                                                                   |   |    | — |   |       |   | 2,035     |         |   |   | —       |   |   |         | — |   |             |   | — |   |   |   | 2,035 |   |
| Interest      expense, net                                                                                                      |   |    | — |   |       |   | 60,928    |         |   |   | 52            |   |   |         | — |   |             |   | — |   |   |   | 60,980 |   |
| Intercompany      interest expense (income)                                                                                     |   |    | — |   |       |   | (1,338    | )            |   |   | 1,338         |   |   |         | — |   |             |   | — |   |   |   | — |   |
| Loss      on early extinguishment of debt                                                                                       |   |    | — |   |       |   | 32,744    |         |   |   | —       |   |   |         | — |   |             |   | — |   |   |   | 32,744 |   |
| Other      income, net                                                                                                          |   |    | — |   |       |   | (13       | )            |   |   | (65           | )      |   |         | — |   |             |   | — |   |   |   | (78 | ) |
| (Loss)      income from continuing operations before income taxes and equity      in income of unconsolidated subsidiaries |   |    | — |   |       |   | (63,594   | )            |   |   | 31,308        |   |   |         | — |   |             |   | — |   |   |   | (32,286 | ) |
| Income      tax (benefit) expense                                                                                               |   |    | — |   |       |   | (21,701   | )            |   |   | 563           |   |   |         | — |   |             |   | — |   |   |   | (21,138 | ) |
| (Loss)      income from continuing operations before equity in income of      unconsolidated subsidiaries                       |   |    | — |   |       |   | (41,893   | )            |   |   | 30,745        |   |   |         | — |   |             |   | — |   |   |   | (11,148 | ) |
| Equity      in income of unconsolidated subsidiaries                                                                            |   |    | 115,371 |   |       |   | 39,179    |         |   |   | —       |   |   |         | — |   |             |   | (154,550 | ) |   |   | — |   |
| Income      (loss) from continuing operations                                                                                   |   |    | 115,371 |   |       |   | (2,714    | )            |   |   | 30,745        |   |   |         | — |   |             |   | (154,550 | ) |   |   | (11,148 | ) |
| Income      from discontinued operations, net of taxes                                                                          |   |    | — |   |       |   | 118,085   |         |   |   | 8,434         |   |   |         | — |   |             |   | — |   |   |   | 126,519 |   |
| Net      income (loss)                                                                                                          |   | $       | 115,371 |   |       | $      | 115,371   |         |   | $      | 39,179        |   |   | $            | — |   |             | $      | (154,550 | ) |   | $ | 115,371 |   |

----

|                                                                                              |   | Parent  |    |   | Subsidiary |   |     | Guarantor    |   |   | Non-Guarantor |    |   |         |    |   | As      Restated |   |
|---------------------------------------------------------------------------------------------------|--------|---------|---------|--------|------------|--------|----------|--------------|--------|--------|---------------|---------|--------|--------------|---------|--------|------------------|--------|
|                                                                                              |   | Company |    |   | Issuer     |   |     | Subsidiaries |   |   | Subsidiaries  |    |   | Eliminations |    |   | Consolidated     |   |
| Cash      flows from operating activities:                                                        |   |    |    |   |       |   |     |         |   |   |          |    |   |         |    |   |             |   |
| Net      cash provided by (used in) continuing operating activities                               |   | $       | 5,954   |   |       | $      | (56,113  | )       |   | $      | 64,683        |    |   | $            | — |   |             | $      | — |   |   | $ | 14,524 |   |
| Net      cash provided by discontinued operating activities                                       |   |    | — |   |       |   | 6,215    |         |   |   | 2,617         |    |   |         | — |   |             |   | — |   |   |   | 8,832 |   |
| Net      cash provided by (used in) operating activities                                          |   |    | 5,954   |   |       |   | (49,898  | )       |   |   | 67,300        |    |   |         | — |   |             |   | — |   |   |   | 23,356 |   |
| Cash      flows from investing activities:                                                        |   |    |    |   |       |   |     |         |   |   |          |    |   |         |    |   |             |   |   |   |   |   |   |   |
| Cost      of business acquisitions, net of cash acquired                                          |   |    | — |   |       |   | (49,425  | )            |   |   | —       |    |   |         | — |   |             |   | — |   |   |   | (49,425 | ) |
| Intercompany      note                                                                            |   |    | — |   |       |   | (42,841  | )            |   |   | —       |    |   |         | — |   |             |   | 42,841 |   |   |   | — |   |
| Capital      expenditures                                                                         |   |    | — |   |       |   | (16,695  | )            |   |   | (3,235        | )       |   |         | — |   |             |   | — |   |   |   | (19,930 | ) |
| Acquisition      payments                                                                         |   |    | — |   |       |   | (4,653   | )            |   |   | —       |    |   |         | — |   |             |   | — |   |   |   | (4,653 | ) |
| Proceeds      from sale of property, plant and equipment                                          |   |    | — |   |       |   | 11,380   |         |   |   | 95            |    |   |         | — |   |             |   | — |   |   |   | 11,475 |   |
| Proceeds      from divestitures, net                                                              |   |    | — |   |       |   | 3,189    |         |   |   | —       |    |   |         | — |   |             |   | — |   |   |   | 3,189 |   |
| Net      cash used in investing activities of continuing operations                               |   |    | — |   |       |   | (99,045  | )            |   |   | (3,140        | )       |   |         | — |   |             |   | 42,841 |   |   |   | (59,344 | ) |
| Proceeds      from the sale of discontinued operations                                            |   |    | — |   |       |   | 211,529  |         |   |   | —       |    |   |         | — |   |             |   | — |   |   |   | 211,529 |   |
| Capital      expenditures for discontinued operations                                             |   |    | — |   |       |   | —  |         |   |   | (632          | )       |   |         | — |   |             |   | — |   |   |   | (632 | ) |
| Net      cash provided by investing activities of discontinued      operations                    |   |    | — |   |       |   | 211,529  |         |   |   | (632          | )       |   |         | — |   |             |   | — |   |   |   | 210,897 |   |
| Net      cash (used in) provided by investing activities                                     |   |    | — |   |       |   | 112,484  |         |   |   | (3,772        | )       |   |         | — |   |             |   | 42,841 |   |   |   | 151,553 |   |
| Cash      flows from financing activities:                                                        |   |    |    |   |       |   |     |         |   |   |          |    |   |         |    |   |             |   |   |   |   |   |   |   |
| Proceeds      from issuance of Term Loans                                                         |   |    | — |   |       |   | 325,000  |         |   |   | —       |    |   |         | — |   |             |   | — |   |   |   | 325,000 |   |
| Borrowings      under Revolving Credit Facility, net                                              |   |    | — |   |       |   | 15,574   |         |   |   | (74           | )       |   |         | — |   |             |   | — |   |   |   | 15,500 |   |
| Proceeds      from exercise of stock options                                                      |   |    | 1,956   |   |       |   | —  |         |   |   | —       |    |   |         | — |   |             |   | — |   |   |   | 1,956 |   |
| Proceeds      from excess tax benefit from stock based compensation                               |   |    | 1,168   |   |       |   | —  |         |   |   | —       |    |   |         | — |   |             |   | — |   |   |   | 1,168 |   |
| Repayment      of 9 5⁄8% Notes                                                                |   |    | — |   |       |   | (339,502 | )            |   |   | —       |    |   |         | — |   |             |   | — |   |   |   | (339,502 | ) |
| Repayments      of Term Loans                                                                     |   |    | — |   |       |   | (813     | )            |   |   | —       |    |   |         | — |   |             |   | — |   |   |   | (813 | ) |
| (Repayments)      borrowings under senior secured revolving credit facility,    net               |   |    | — |   |       |   | (123,931 | )            |   |   | —       |    |   |         | — |   |             |   | — |   |   |   | (123,931 | ) |
| Repayments      of other long-term debt                                                           |   |    | — |   |       |   | (12,465  | )            |   |   | (630          | )       |   |         | — |   |             |   | — |   |   |   | (13,095 | ) |
| Payment      of refinancing fees, redemption, premiums and expenses                               |   |    | — |   |       |   | (26,142  | )            |   |   | —       |    |   |         | — |   |             |   | — |   |   |   | (26,142 | ) |
| Payment      of debt issuance costs                                                               |   |    | — |   |       |   | (3,770   | )            |   |   | —       |    |   |         | — |   |             |   | — |   |   |   | (3,770 | ) |
| Purchase      and retirement of common stock upon vesting of RSUs                                 |   |    | (1,786  | )      |       |   | —  |         |   |   | —       |    |   |         | — |   |             |   | — |   |   |   | (1,786 | ) |
| Intercompany      note                                                                            |   |    | — |   |       |   | —  |         |   |   | 42,841        |    |   |         | — |   |             |   | (42,841 | ) |   |   | — |   |
| Intercompany      advances                                                                        |   |    | (7,292  | )      |       |   | 112,118  |         |   |   | (104,826      | )  |   |         | — |   |             |   | — |   |   |   | — |   |
| Net      cash used in financing activities                                                        |   |    | (5,954  | )      |       |   | (53,931  | )            |   |   | (62,689       | )  |   |         | — |   |             |   | (42,841 | ) |   |   | (165,415 | ) |
| Effect      of exchange rate changes on cash and cash equivalents of continuing      operations   |   |    | — |   |       |   | —  |         |   |   | 14            |    |   |         | — |   |             |   | — |   |   |   | 14 |   |
| Effect      of exchange rate changes on cash and cash equivalents of discontinued      operations |   |    | — |   |       |   | —  |         |   |   | 15            |    |   |         | — |   |             |   | — |   |   |   | 15 |   |
| Net      increase in cash and cash equivalents                                                    |   |    | — |   |       |   | 8,655    |         |   |   | 868           |    |   |         | — |   |             |   | — |   |   |   | 9,523 |   |
| Cash      and cash equivalents at beginning of year                                               |   |    | — |   |       |   | —  |         |   |   | 1,035         |    |   |         | — |   |             |   | — |   |   |   | 1,035 |   |
| Cash      and cash equivalents at end of year                                                     |   | $       | — |   |       | $      | 8,655    |         |   | $      | 1,903         |    |   | $            | — |   |             | $      | — |   |   | $ | 10,558 |   |

----

|                                                                                                                       |   | Parent  |     |   | Subsidiary |   |      | Guarantor    |   |   | Non-Guarantor |   |   |         |    |   |         |   |
|----------------------------------------------------------------------------------------------------------------------------|--------|---------|----------|--------|------------|--------|-----------|--------------|--------|--------|---------------|--------|--------|--------------|---------|--------|--------------|--------|
|                                                                                                                       |   | Company |     |   | Issuer     |   |      | Subsidiaries |   |   | Subsidiaries  |   |   | Eliminations |    |   | Consolidated |   |
|                                                                                                                       |   |    |     |   |       |   |      |         |   |   |          |   |   |         |    |   |         |   |
| Net      sales                                                                                                             |   | $       | —  |   |       | $      | 1,390,751 |         |   | $      | 204,030       |   |   | $            | — |   |         | $      | — |   |   | $ | 1,594,781 |   |
| Cost      of sales                                                                                                         |   |    | —  |   |       |   | 1,166,718 |         |   |   | 153,232       |   |   |         | — |   |         |   | — |   |   |   | 1,319,950 |   |
| Selling,      general and administrative                                                                                   |   |    | —  |   |       |   | 195,866   |         |   |   | 22,874        |   |   |         | — |   |         |   | — |   |   |   | 218,740 |   |
| Amortization      of intangible assets                                                                                     |   |    | —  |   |       |   | 4,971     |         |   |   | 176           |   |   |         | — |   |         |   | — |   |   |   | 5,147 |   |
| Restructuring,      impairment and other charges                                                                           |   |    | —  |   |       |   | 76,938    |         |   |   | 316           |   |   |         | — |   |         |   | — |   |   |   | 77,254 |   |
| Operating      (loss) income                                                                                               |   |    | —  |   |       |   | (53,742   | )            |   |   | 27,432        |   |   |         | — |   |         |   | — |   |   |   | (26,310 | ) |
| Loss      on sale of non-strategic businesses                                                                              |   |    | —  |   |       |   | 3,370     |         |   |   | 1,109         |   |   |         | — |   |         |   | — |   |   |   | 4,479 |   |
| Interest      expense, net                                                                                                 |   |    | —  |   |       |   | 73,741    |         |   |   | 80            |   |   |         | — |   |         |   | — |   |   |   | 73,821 |   |
| Intercompany      interest expense (income)                                                                                |   |    | —  |   |       |   | 697       |         |   |   | (697          | )      |   |         | — |   |         |   | — |   |   |   | — |   |
| Other      expense (income), net                                                                                           |   |    | —  |   |       |   | 1,464     |         |   |   | (321          | )      |   |         | — |   |         |   | — |   |   |   | 1,143 |   |
| (Loss)      income from continuing operations before income taxes and equity in income      of unconsolidated subsidiaries |   |    | —  |   |       |   | (133,014  | )            |   |   | 27,261        |   |   |         | — |   |         |   | — |   |   |   | (105,753 | ) |
| Income      tax expense                                                                                                    |   |    | —  |   |       |   | 41,939    |         |   |   | 409           |   |   |         | — |   |         |   | — |   |   |   | 42,348 |   |
| (Loss)      income from continuing operations before equity in income of      unconsolidated subsidiaries                  |   |    | —  |   |       |   | (174,953  | )            |   |   | 26,852        |   |   |         | — |   |         |   | — |   |   |   | (148,101 | ) |
| Equity      in income of unconsolidated subsidiaries                                                                       |   |    | (135,052 | )      |       |   | 39,901    |         |   |   | —       |   |   |         | — |   |         |   | 95,151 |   |   |   | — |   |
| (Loss)      income from continuing operations                                                                              |   |    | (135,052 | )      |       |   | (135,052  | )            |   |   | 26,852        |   |   |         | — |   |         |   | 95,151 |   |   |   | (148,101 | ) |
| Income      from discontinued operations, net of taxes                                                                     |   |    | —  |   |       |   | —   |         |   |   | 13,049        |   |   |         | — |   |         |   | — |   |   |   | 13,049 |   |
| Net      (loss) income                                                                                                     |   | $       | (135,052 | )      |       | $      | (135,052  | )            |   | $      | 39,901        |   |   | $            | — |   |         | $      | 95,151 |   |   | $ | (135,052 | ) |

----

|                                                                                              |   | Parent  |    |   | Subsidiary |   |          | Guarantor    |   |   | Non-Guarantor |    |   |         |    |   |         |   |
|---------------------------------------------------------------------------------------------------|--------|---------|---------|--------|------------|--------|---------------|--------------|--------|--------|---------------|---------|--------|--------------|---------|--------|--------------|--------|
|                                                                                              |   | Company |    |   | Issuer     |   |          | Subsidiaries |   |   | Subsidiaries  |    |   | Eliminations |    |   | Consolidated |   |
| Cash      flows from operating activities:                                                        |   |    |    |   |       |   |          |         |   |   |          |    |   |         |    |   |         |   |
| Net      cash (used in) provided by continuing operating activities                               |   | $       | 2,505   |   |       | $      | (112,443      | )            |   | $      | 45,935        |    |   | $            | — |   |         | $      | — |   |   | $ | (64,003 | ) |
| Net      cash provided by discontinued operating activities                                       |   |    | — |   |       |   | —       |         |   |   | 25,330        |    |   |         | — |   |         |   | — |   |   |   | 25,330 |   |
| Net      cash (used in) provided by operating activities                                          |   |    | 2,505   |   |       |   | (112,443      | )            |   |   | 71,265        |    |   |         | — |   |         |   | — |   |   |   | (38,673 | ) |
| Cash      flows from investing activities:                                                        |   |    |    |   |       |   |          |         |   |   |          |    |   |         |    |   |         |   |   |   |   |   |   |   |
| Cost      of business acquisitions, net of cash acquired                                          |   |    | — |   |       |   | (3,552        | )            |   |   | —       |    |   |         | — |   |         |   | — |   |   |   | (3,552 | ) |
| Intercompany      note                                                                            |   |    | — |   |       |   | 20,400        |         |   |   | —       |    |   |         | — |   |         |   | (20,400 | ) |   |   | — |   |
| Capital      expenditures                                                                         |   |    | — |   |       |   | (21,371       | )            |   |   | (6,783        | )       |   |         | — |   |         |   | — |   |   |   | (28,154 | ) |
| Acquisition      payments                                                                         |   |    | — |   |       |   | (4,053        | )            |   |   | —       |    |   |         | — |   |         |   | — |   |   |   | (4,053 | ) |
| Proceeds      from sale of property, plant and equipment                                          |   |    | — |   |       |   | 3,481         |         |   |   | 315           |    |   |         | — |   |         |   | — |   |   |   | 3,796 |   |
| Proceeds      from divestitures, net                                                              |   |    | — |   |       |   | 5,622         |         |   |   | 2,755         |    |   |         | — |   |         |   | — |   |   |   | 8,377 |   |
| Net      cash used in investing activities of continuing operations                               |   |    | — |   |       |   | 527           |         |   |   | (3,713        | )       |   |         | — |   |         |   | (20,400 | ) |   |   | (23,586 | ) |
| Proceeds      from the sale of property, plant and equipment of discontinued      operations      |   |    | — |   |       |   | —       |         |   |   | 211           |    |   |         | — |   |         |   | — |   |   |   | 211 |   |
| Capital      expenditures for discontinued operations                                             |   |    | — |   |       |   | —       |         |   |   | (2,603        | )       |   |         | — |   |         |   | — |   |   |   | (2,603 | ) |
| Net      cash used in investing activities of discontinued    operations                          |   |    | — |   |       |   | —       |         |   |   | (2,392        | )       |   |         | — |   |         |   | — |   |   |   | (2,392 | ) |
| Net      cash used in investing activities                                                   |   |    | — |   |       |   | 527           |         |   |   | (6,105        | )       |   |         | — |   |         |   | (20,400 | ) |   |   | (25,978 | ) |
| Cash      flows from financing activities:                                                        |   |    |    |   |       |   |          |         |   |   |          |    |   |         |    |   |         |   |   |   |   |   |   |   |
| Proceeds      from exercise of stock options                                                      |   |    | 22,433  |   |       |   | —       |         |   |   | —       |    |   |         | — |   |         |   | — |   |   |   | 22,433 |   |
| (Repayments)      borrowings under senior secured revolving credit facility,    net               |   |    | — |   |       |   | 45,490        |         |   |   | —       |    |   |         | — |   |         |   | — |   |   |   | 45,490 |   |
| Repayments      of other long-term debt                                                           |   |    | — |   |       |   | (2,947        | )            |   |   | (176          | )  |   |         | — |   |         |   | — |   |   |   | (3,123 | ) |
| Purchase      and retirement of common stock upon vesting of RSUs                                 |   |    | (187    | )      |       |   | —       |         |   |   | —       |    |   |         | — |   |         |   | — |   |   |   | (187 | ) |
| Intercompany      note                                                                            |   |    | — |   |       |   | —       |         |   |   | (20,400       | )       |   |         | — |   |         |   | 20,400 |   |   |   | — |   |
| Intercompany      advances                                                                        |   |    | (24,751 | )      |       |   | 68,577        |         |   |   | (43,826       | )       |   |         | — |   |         |   | — |   |   |   | — |   |
| Net      cash provided by financing activities                                                    |   |    | (2,505  | )      |       |   | 111,120       |         |   |   | (64,402       | )       |   |         | — |   |         |   | 20,400 |   |   |   | 64,613 |   |
| Effect      of exchange rate changes on cash and cash equivalents of continuing      operations   |   |    | — |   |       |   | —       |         |   |   | 107           |    |   |         | — |   |         |   | — |   |   |   | 107 |   |
| Effect      of exchange rate changes on cash and cash equivalents of discontinued      operations |   |    | — |   |       |   |  — |         |   |   | 170           |    |   |         | — |   |         |   | — |   |   |   | 170 |   |
| Net      increase (decrease) in cash and cash equivalents                                         |   |    | — |   |       |   | (796          | )            |   |   | 1,035         |    |   |         | — |   |         |   | — |   |   |   | 239 |   |
| Cash      and cash equivalents at beginning of year                                               |   |    | — |   |       |   | 796           |         |   |   | —       |    |   |         | — |   |         |   | — |   |   |   | 796 |   |
| Cash      and cash equivalents at end of year                                                     |   | $       | — |   |       | $      | —       |         |   | $      | 1,035         |    |   | $            | — |   |         | $      | — |   |   | $ | 1,035 |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | As      RestatedFirstQuarter |    |   | As      RestatedSecondQuarter |   |    | As      RestatedThirdQuarter |   |   | FourthQuarter |    |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|---------|--------|-------------------------------|--------|---------|------------------------------|--------|--------|---------------|---------|
| Year      Ended 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                         |    |   |                          |   |    |                         |   |   |          |    |
| Net      sales                                                                                                   |   | $                            | 414,714 |   |                          | $      | 496,960 |                         |   | $      | 550,601       |    |   | $ | 584,441 |   |
| Gross      profit                                                                                                |   |                         | 82,178  |   |                          |   | 94,743  |                         |   |   | 114,492       |    |   |   | 126,597 |   |
| Operating      income                                                                                            |   |                         | 28,239  |   |                          |   | 27,951  |                         |   |   | 27,711        |    |   |   | 53,649 |   |
| Income      from continuing operations                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                         | 1,780   |   |                          |   | 2,570   |                         |   |   | 2,511         |    |   |   | 17,124 |   |
| Income      (loss) from discontinued operations, net of taxes                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                         | 16,293  |   |                          |   | (342    | )                       |   |   | (810          | )  |   |   | 1,655 |   |
| Net      income                                                                                                  |   |                         | 18,073  |   |                          |   | 2,228   |                         |   |   | 1,701         |    |   |   | 18,779 |   |
| Income      per share from continuing operations—Basic(1)                                                                                                                                                                                                                                                                                                                                                                                                                |   |                         | 0.03    |   |                          |   | 0.05    |                         |   |   | 0.04          |    |   |   | 0.32 |   |
| Income      per share from continuing operations—Diluted(1)                                                                                                                                                                                                                                                                                                                                                                                                              |   |                         | 0.03    |   |                          |   | 0.05    |                         |   |   | 0.04          |    |   |   | 0.31 |   |
| Income      (loss) per share from discontinued operations—Basic(1)                                                                                                                                                                                                                                                                                                                                                                                                  |   |                         | 0.31    |   |                          |   | (0.01   | )                       |   |   | (0.01         | )  |   |   | 0.03 |   |
| Income      (loss)  per share from discontinued operations—Diluted(1)                                                                                                                                                                                                                                                                                                                                                                                          |   |                         | 0.30    |   |                          |   | (0.01   | )                       |   |   | (0.01         | )  |   |   | 0.03 |   |
| Net      income per share—basic(1)                                                                         |   |                         | 0.34    |   |                          |   | 0.04    |                         |   |   | 0.03          |    |   |   | 0.35 |   |
| Net      income per share—diluted(1)                                                                       |   |                         | 0.33    |   |                          |   | 0.04    |                         |   |   | 0.03          |    |   |   | 0.34 |   |

| Condensed      consolidated statements of operations line items (in thousands, except per share      data):  |   |
|------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                   |   | Three      Months EndedMarch      31, 2007 |   |   | Three      Months EndedJune      30, 2007 |   |   | Three      Months EndedSeptember      30, 2007 |   |
|                                                                                                                   |   | AsReported |   |   | As Restated |   |   | AsReported |   |   | As Restated |   |   | AsReported |   |   | As Restated |   |
| Cost      of sales                                                                                                     |   | $ | 331,490 |   |   | $ | 332,536 |   |   | $ | 401,220 |   |   | $ | 402,217 |   |   | $ | 433,774 |   |   | $ | 436,109 |   |
|    Operating      income                                                                                |   |   | 29,285 |   |   |   | 28,239 |   |   |   | 28,948 |   |   |   | 27,951 |   |   |   | 30,046 |   |   |   | 27,711 |   |
| Income      from continuing operations before taxes                                                                    |   |   | 4,081 |   |   |   | 3,035 |   |   |   | 5,973 |   |   |   | 4,976 |   |   |   | 4,002 |   |   |   | 1,667 |   |
| Income      tax expense (benefit)                                                                                      |   |   | 1,684 |   |   |   | 1,255 |   |   |   | 2,855 |   |   |   | 2,406 |   |   |   | 160 |   |   |   | (844 | ) |
| Income      from continuing operations                                                                                 |   |   | 2,397 |   |   |   | 1,780 |   |   |   | 3,118 |   |   |   | 2,570 |   |   |   | 3,842 |   |   |   | 2,511 |   |
| Net      income                                                                                                        |   |   | 18,690 |   |   |   | 18,073 |   |   |   | 2,776 |   |   |   | 2,228 |   |   |   | 3,032 |   |   |   | 1,701 |   |
|                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income      per share – basic:                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      Continuing      operations                                                               |   |   | 0.04 |   |   |   | 0.03 |   |   |   | 0.06 |   |   |   | 0.05 |   |   |   | 0.07 |   |   |   | 0.04 |   |
|      Net      income                                                                          |   |   | 0.35 |   |   |   | 0.34 |   |   |   | 0.05 |   |   |   | 0.04 |   |   |   | 0.06 |   |   |   | 0.03 |   |
| Income      per share – diluted:                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      Continuing      operations                                                               |   |   | 0.04 |   |   |   | 0.03 |   |   |   | 0.06 |   |   |   | 0.05 |   |   |   | 0.07 |   |   |   | 0.04 |   |
|      Net      income                                                                          |   |   | 0.34 |   |   |   | 0.33 |   |   |   | 0.05 |   |   |   | 0.04 |   |   |   | 0.06 |   |   |   | 0.03 |   |

----

| Condensed      consolidated balance sheets line items (in      thousands):       |   |
|---------------------------------------------------------------------------------------|--------|
|                                                                                  |   | March      31, 2007 |   |   | June      30, 2007 |   |   | September      30, 2007 |   |
|                                                                                  |   | AsReported |   |   | As Restated |   |   | AsReported |   |   | As Restated |   |   | AsReported |   |   | As Restated |   |
|     Accounts      receivable, net                                 |   | $ | 286,603 |   |   | $ | 284,884 |   |   | $ | 290,791 |   |   | $ | 288,410 |   |   | $ | 345,858 |   |   | $ | 344,179 |   |
|     Inventories                                                   |   |   | 135,485 |   |   |   | 134,132 |   |   |   | 140,870 |   |   |   | 138,900 |   |   |   | 175,329 |   |   |   | 172,502 |   |
|         Total      current assets             |   |   | 470,228 |   |   |   | 467,156 |   |   |   | 490,941 |   |   |   | 486,590 |   |   |   | 585,561 |   |   |   | 582,059 |   |
|     Total      assets                                             |   |   | 1,589,719 |   |   |   | 1,586,647 |   |   |   | 1,610,423 |   |   |   | 1,606,072 |   |   |   | 2,025,787 |   |   |   | 2,022,285 |   |
|                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Accounts      payable                                         |   |   | 145,321 |   |   |   | 145,473 |   |   |   | 133,383 |   |   |   | 133,277 |   |   |   | 169,846 |   |   |   | 171,857 |   |
|     Other      current liabilities                                |   |   | 82,729 |   |   |   | 82,496 |   |   |   | 87,178 |   |   |   | 86,472 |   |   |   | 88,054 |   |   |   | 87,413 |   |
|         Total      current liabilities        |   |   | 303,027 |   |   |   | 302,946 |   |   |   | 294,699 |   |   |   | 293,887 |   |   |   | 334,440 |   |   |   | 335,810 |   |
|     Other      liabilities                                        |   |   | 75,735 |   |   |   | 76,645 |   |   |   | 74,756 |   |   |   | 75,666 |   |   |   | 97,208 |   |   |   | 98,118 |   |
|     Retained      deficit                                         |   |   | (167,746 | ) |   |   | (171,647 | ) |   |   | (164,970 | ) |   |   | (169,419 | ) |   |   | (161,938 | ) |   |   | (167,720 | ) |
|         Total      shareholders’ equity |   |   | 77,589 |   |   |   | 73,688 |   |   |   | 89,723 |   |   |   | 85,274 |   |   |   | 87,474 |   |   |   | 81,692 |   |
|     Total      liabilities and shareholders’ equity         |   |   | 1,589,719 |   |   |   | 1,586,647 |   |   |   | 1,610,423 |   |   |   | 1,606,072 |   |   |   | 2,025,787 |   |   |   | 2,022,285 |   |

| Condensed      consolidated statements of cash flows line items (in      thousands):                              |   |
|------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                   |   | Three      Months EndedMarch      31, 2007 |   |   | Six      Months EndedJune      30, 2007 |   |   | Nine      Months EndedSeptember      30, 2007 |   |
|                                                                                                                   |   | AsReported |   |   | As Restated |   |   | AsReported |   |   | As Restated |   |   | AsReported |   |   | As Restated |   |
|     Net      income                                                                                |   | $ | 18,690 |   |   | $ | 18,073 |   |   | $ | 21,466 |   |   | $ | 20,301 |   |   | $ | 24,498 |   |   | $ | 22,002 |   |
|         Accounts      receivable                                               |   |   | 9,102 |   |   |   | 9,635 |   |   |   | 4,962 |   |   |   | 6,157 |   |   |   | (5,542 | ) |   |   | (5,049 | ) |
|         Inventories                                                            |   |   | (4,868 | ) |   |   | (4,387 | ) |   |   | (6,949 | ) |   |   | (5,851 | ) |   |   | (16,845 | ) |   |   | (14,890 | ) |
|         Accounts      payable and accrued compensation and related liabilities |   |   | (1,545 | ) |   |   | (1,506 | ) |   |   | (18,528 | ) |   |   | (18,747 | ) |   |   | (2,276 | ) |   |   | (378 | ) |
|         Other      working capital changes                                     |   |   | 4,201 |   |   |   | 3,765 |   |   |   | (515 | ) |   |   | (1,424 | ) |   |   | (10,502 | ) |   |   | (12,352 | ) |
|   Net      cash provided by continuing operating activities                                             |   |   | 38,288 |   |   |   | 31,888 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Proceeds      from the sale of discontinued operations                                                                 |   |   | 67,228 |   |   |   | 73,628 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      cash provided by investing activities of discontinued      operations                                         |   |   | 67,228 |   |   |   | 73,628 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      cash (used in) provided by investing activities                                                               |   |   | (266,840 | ) |   |   | (260,440 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                       |   | First      Quarter |    |   | Second      Quarter |   |    | Third      Quarter |   |   | Fourth      Quarter |   |
|----------------------------------------------------------------------------|--------|--------------------|---------|--------|---------------------|--------|---------|--------------------|--------|--------|---------------------|--------|
|                                                                       |   | AsReported         |    |   | AsRestated          |   |    | AsReported         |   |   | AsRestated          |   |   | AsReported |   |   | AsRestated |   |   | AsReported |   |   | AsRestated |   |
| YEAR      ENDED 2006                                                       |   |               |    |   |                |   |    |               |   |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      sales                                                             |   | $                  | 385,286 |   |                | $      | 385,286 |               |   | $      | 357,895             |   |   | $ | 357,895 |   |   | $ | 383,868 |   |   | $ | 383,868 |   |   | $ | 384,175 |   |   | $ | 384,175 |   |
| Gross      Profit                                                          |   |               | 75,642  |   |                |   | 74,353  |               |   |   | 73,319              |   |   |   | 72,314 |   |   |   | 76,855 |   |   |   | 75,380 |   |   |   | 76,908 |   |   |   | 77,393 |   |
| Operating      income                                                      |   |               | 9,854   |   |                |   | 8,565   |               |   |   | 5,685               |   |   |   | 4,680 |   |   |   | 25,028 |   |   |   | 23,553 |   |   |   | 26,112 |   |   |   | 26,597 |   |
| Income      (loss) from continuing operations                              |   |               | (8,848  | )      |                |   | (10,456 | )                  |   |   | (45,801             | )      |   |   | (23,710 | ) |   |   | 9,290 |   |   |   | 5,722 |   |   |   | 23,534 |   |   |   | 17,296 |   |
| Income      from discontinued operations, net of taxes                     |   |               | 121,050 |   |                |   | 121,369 |               |   |   | 12,707              |   |   |   | (10,389 | ) |   |   | 2,326 |   |   |   | 4,419 |   |   |   | 4,397 |   |   |   | 11,120 |   |
| Net      income (loss)                                                     |   |               | 112,202 |   |                |   | 110,913 |               |   |   | (33,094             | )      |   |   | (34,099 | ) |   |   | 11,616 |   |   |   | 10,141 |   |   |   | 27,931 |   |   |   | 28,416 |   |
| Income      (loss) per share fromcontinuing      operations—basic(1) |   |               | (0.17   | )      |                |   | (0.20   | )                  |   |   | (0.86               | )      |   |   | (0.44 | ) |   |   | 0.18 |   |   |   | 0.11 |   |   |   | 0.44 |   |   |   | 0.32 |   |
| Income      (loss) per share from continuing operations—diluted(1)   |   |               | (0.17   | )      |                |   | (0.20   | )                  |   |   | (0.86               | )      |   |   | (0.44 | ) |   |   | 0.17 |   |   |   | 0.11 |   |   |   | 0.43 |   |   |   | 0.32 |   |
| Income      per share from discontinued operations—basic(1)          |   |               | 2.28    |   |                |   | 2.29    |               |   |   | 0.24                |   |   |   | (0.20 | ) |   |   | 0.04 |   |   |   | 0.08 |   |   |   | 0.08 |   |   |   | 0.21 |   |
| Income      per share from discontinued operations—diluted(1)        |   |               | 2.28    |   |                |   | 2.29    |               |   |   | 0.24                |   |   |   | (0.20 | )  |   |   | 0.04 |   |   |   | 0.08 |   |   |   | 0.08 |   |   |   | 0.20 |   |
| Net      income (loss) per share—basic(1)                            |   |               | 2.11    |   |                |   | 2.09    |               |   |   | (0.62               | )      |   |   | (0.64 | ) |   |   | 0.22 |   |   |   | 0.19 |   |   |   | 0.52 |   |   |   | 0.53 |   |
| Net      income (loss) per share—diluted(1)                          |   |               | 2.11    |   |                |   | 2.09    |               |   |   | (0.62               | )      |   |   | (0.64 | ) |   |   | 0.21 |   |   |   | 0.19 |   |   |   | 0.51 |   |   |   | 0.52 |   |

| (1) | The      quarterly earnings per share information is computed separately for each      period. Therefore, the sum of such quarterly per share amounts may differ      from the total for the year. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Item 9. Changes in and Disagreements with Accountants on Accountingand Financial Disclosure

Item 9A. Controls and Procedures

| ● | There      was not an adequate review over the journal entry process and account      reconciliations at the plant level, which allowed the controller for      Dallas and Jacksonville to record and conceal unsupported journal      entries. |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ● | Corporate      management did not obtain from the persons responsible for oversight of      the Dallas and Jacksonville plants a certification as to the accuracy of      the plants' books and records prior to filing the Company's September      30, 2007 Form 10-Q. |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ● | All      significant account reconciliations at the plant level are reviewed      in more detail. |
|---------|--------------------------------------------------------------------------------------------------------|

| ● | All      certifications as to the accuracy of the Company's books and records      are obtained from all persons responsible for oversight of the      Company's plants and operations.  |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

Item 9B.  Other Information

Item 10. Directors, Executive Officers and CorporateGovernance

Item 11. Executive Compensation

Item 12. Security Ownership of Certain Beneficial Owners andManagement and Related Stockholder Matters

Item 13. Certain Relationships and Related Transactions, andDirector Independence

Item 14. Principal Accountant Fees and Services

Item 15.  Exhibits and Financial StatementSchedules

|             |                                                       | Page   |
|------------------|------------------------------------------------------------|--------|
| Schedule      II | Valuation      and Qualifying Accounts for the Years Ended |   |
|             | December      31, 2007, 2006, and 2005                     | 89     |

----

| ExhibitNumber |   | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|---------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 2.1           |   | Agreement      of Merger dated as of December 26, 2006 among Cenveo, Inc., Mouse      Acquisition Corp. and Cadmus Communications Corporation—incorporated by      reference to Exhibit 2.1 to registrant’s current report on Form 8-K filed      December 27, 2006.                                                                                                                                                                                                                                    |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 2.2           |   | Stock      Purchase Agreement dated as of July 17, 2007 among Cenveo Corporation,      Commercial Envelope Manufacturing Co., Inc. and its      shareholders—incorporated by reference to Exhibit 2.1 to registrant’s      current report on Form 8-K filed July 20, 2007.                                                                                                                                                                                                                              |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 3.1           |   | Articles      of Incorporation—incorporated by reference to Exhibit 3(i) of the      registrant’s quarterly report on Form 10-Q for the quarter ended June 30,      1997, filed August 14, 1997.                                                                                                                                                                                                                                                                                                        |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 3.2           |   | Articles      of Amendment to the Articles of Incorporation dated May 17,      2004—incorporated by reference to Exhibit 3.2 to registrant’s quarterly      report on Form 10-Q for the quarter ended June 30, 2004, filed August 2,      2004.                                                                                                                                                                                                                                                         |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 3.3           |   | Amendment      to Articles of Incorporation and Certificate of Designations of Series A      Junior Participating Preferred Stock of the Registrant dated April 20,      2005—incorporated by reference to Exhibit 3.1 to registrant’s current      report on Form 8-K filed April 21, 2005.                                                                                                                                                                                                            |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 3.4           |   | Bylaws      as amended and restated effective February 22, 2007—incorporated by      reference to Exhibit 3.2 to registrant’s current report on Form 8-K filed      August 30, 2007.                                                                                                                                                                                                                                                                                                                    |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 4.1           |   | Indenture      dated as of February 4, 2004 between Mail-Well I Corporation, the      Guarantors named therein and U.S. Bank National Association, as Trustee,      and Form of Senior Subordinated Note and Guarantee relating to Mail-Well I      Corporation’s 77⁄8% Senior Subordinated Notes due 2013—incorporated by      reference to Exhibit 4.5 to registrant’s annual report on Form 10-K for      the year ended December 31, 2003, filed February 27,  2004.                      |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 4.2           |   | Supplemental      Indenture, dated as of June 21, 2006 among Cenveo Corporation (f/k/a      Mail-Well I Corporation), the Guarantors named therein and U.S. Bank      National Association, as Trustee, to the Indenture dated as of February 4,      2004 relating to the 77⁄8% Senior Subordinated Notes due 2013—incorporated      by reference to Exhibit 4.2 to registrant’s current report on Form 8-K      filed June 27, 2006.                                                              |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 4.3           |   | Third      Supplemental Indenture, dated as of March 7, 2007 among Cenveo Corporation      (f/k/a Mail-Well I Corporation), the Guarantors named therein and U.S.      Bank National Association, as Trustee, to the Indenture dated as of      February 4, 2004 relating to the 77⁄8% Senior Subordinated Notes due 2013—      incorporated by reference to Exhibit 4.7 to registrant’s quarterly report      on Form 10-Q for the quarter ended March 31, 2007, filed May 9,      2007.           |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 4.4           |   | Fourth      Supplemental Indenture, dated as of July 9, 2007 among Cenveo Corporation      (f/k/a Mail-Well I Corporation), the Guarantors named therein and U.S.      Bank National Association, as Trustee, to the Indenture dated as of      February 4, 2004 relating to the 77⁄8% Senior Subordinated Notes due 2013—      incorporated by reference to Exhibit 4.8 to registrant’s quarterly report      on Form 10-Q for the quarter ended June 30, 2007, filed August 8,      2007.         |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 4.5           |   | Fifth      Supplemental Indenture, dated as of August 30, 2007 among Cenveo      Corporation (f/k/a Mail-Well I Corporation), the Guarantors named therein      and U.S. Bank National Association, as Trustee, to the Indenture dated as      of February 4, 2004 relating to the 77⁄8% Senior Subordinated Notes due      2013—incorporated by reference to Exhibit 4.6 to registrant’s quarterly      report on Form 10-Q for the quarter ended September 30, 2007, filed      November 8, 2007. |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 4.6           |   | Indenture,      dated as of June 15, 2004, among Cadmus Communications Corporation, the      Guarantors named therein and Wachovia Bank, National Association, as      Trustee, relating to the 83⁄8% Senior Subordinated Notes due      2014—incorporated by reference to Exhibit 4.9 to Cadmus Communications      Corporation’s registration statement on Form S-4 filed August 24,      2004.                                                                                                   |

|   |   |                                                                                                                                                                                                                                  |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.7    |   | First      Supplemental Indenture, dated as of March 1, 2005, to the Indenture dated      as of June 15, 2004, among Cadmus Communications Corporation, the      Guarantors named therein, Mack Printing, LLC and Wachovia      Bank, |

|   |   |   |
|--------|--------|--------|

----

|   |   |                                                                                                                                                                                                                                                                                                     |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   | National      Association, as Trustee, relating to the 83⁄8% Senior Subordinated Notes due      2014—incorporated by reference to Exhibit 4.9.1 to Cadmus Communications      Corporation’s quarterly report on Form 10-Q for the quarter ended March      31, 2005, filed May 13, 2005. |

|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.8    |   | Second      Supplemental Indenture, dated as of May 19, 2006, to the Indenture dated      as of June 15, 2004, among Cadmus Communications Corporation, the      Guarantors named therein and U.S. Bank National Association (successor to      Wachovia Bank, National Association), as Trustee, relating to the 83⁄8%      Senior Subordinated Notes due 2014—incorporated by reference to Exhibit      4.9.2 to Cadmus Communications Corporation’s annual report on Form 10-K      for the year ended June 30, 2006, filed September 13,  2006. |

|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.9    |   | Third      Supplemental Indenture, dated as of March 7, 2007, to the Indenture dated      as of June 15, 2004, among Cenveo Corporation (as successor to Cadmus      Communications Corporation), the Guarantors named therein and U.S. Bank      National Association (successor to Wachovia Bank, National Association),      as Trustee, relating to the 83⁄8% Senior Subordinated Notes due      2014—incorporated by reference to Exhibit 4.11 to registrant’s quarterly      report on Form 10-Q for the quarter ended March 31, 2007, filed May 9,      2007. |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

| 4.10   |   | Fourth      Supplemental Indenture, dated as of July 9, 2007, to the Indenture dated      as of June 15, 2004, among Cenveo Corporation (as successor to Cadmus      Communications Corporation), the Guarantors named therein and U.S. Bank      National Association (successor to Wachovia Bank, National Association),      as Trustee, relating to the 83⁄8% Senior Subordinated Notes due 2014—      incorporated by reference to Exhibit 4.13 to registrant’s quarterly report      on Form 10-Q for the quarter ended June 30, 2007, filed August 8,      2007. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |

| 4.11 |   | Fifth      Supplemental Indenture, dated as of August 30, 2007, to the Indenture      dated as of June 15, 2004, among Cenveo Corporation (as successor to      Cadmus Communications Corporation), the Guarantors named therein and U.S.      Bank National Association (successor to Wachovia Bank, National      Association), as Trustee, relating to the 83⁄8% Senior Subordinated Notes      due 2014—incorporated by reference to Exhibit 4.13 to registrant’s      quarterly report on Form 10-Q for the quarter ended September 30, 2007,      filed November 8, 2007. |
|------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |                                                                                                                                                                                                                                                                                                                                                                                                              |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.12*  |   | Sixth      Supplemental Indenture, dated as of November 7, 2007, to the Indenture      dated as of June 15, 2004, among Cenveo Corporation (as successor to      Cadmus Communications Corporation), the Guarantors named therein and U.S.      Bank National Association (successor to Wachovia Bank, National      Association), as Trustee, relating to the 83⁄8% Senior Subordinated Notes      due 2014. |

|   |   |                                                                                                                                                                                                                                                                                                                                            |   |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| 10.1+  |   | Form      of Indemnity Agreement between Mail-Well, Inc. and each of its officers      and directors—incorporated by      reference from Exhibit 10.17 of the registrant’s Registration Statement on      Form S-1 dated March 25, 1994.                                                                                            |   |
|   |   |                                                                                                                                                                                                                                                                                                                                            |   |
| 10.2+  |   | Employment      Agreement dated as of October 27, 2005 between the registrant and Robert      G. Burton, Sr.—incorporated by      reference to Exhibit 10.29 of registrant’s annual report on Form 10-K      filed for the year ended December 31, 2005, filed March 2,      2006.                                                  |   |
|   |   |                                                                                                                                                                                                                                                                                                                                            |   |
| 10.3+  |   | Amendment,      dated November 8, 2006, to Employment Agreement dated as of October 27,      2005 between the registrant and Robert G. Burton, Sr. — incorporated by      reference to Exhibit 10.19 of registrant’s annual report on Form 10-K      filed for the year ended December 31, 2006, filed February 28,      2007. |   |
|   |   |                                                                                                                                                                                                                                                                                                                                            |   |
| 10.4+* |   | Amendment,      dated November 6, 2007, to Employment Agreement dated as of October 27,      2005, as amended, between the registrant and Robert G. Burton,      Sr.                                                                                                                                                                            |   |
|   |   |                                                                                                                                                                                                                                                                                                                                            |   |
| 10.5+* |   | Employment      Agreement dated as of February 1, 2008 between the registrant and Dean      Cherry.                                                                                                                                                                                                                                             |   |
|   |   |                                                                                                                                                                                                                                                                                                                                            |   |
| 10.6+  |   | Employment      Agreement dated as of July 11, 2007 between the registrant and Mark      Hiltwein—incorporated by reference to Exhibit 10.2 to registrant’s      quarterly report on Form 10-Q for the quarter ended September 30, 2007,      filed November 8, 2007.                                                               |   |
|   |   |                                                                                                                                                                                                                                                                                                                                            |   |
| 10.7+  |   | Employment      Agreement dated as of June 22, 2006 between the registrant and Thomas      Oliva—incorporated by      reference to Exhibit 10.19 to registrant’s quarterly report on Form 10-Q      for the quarter ended June 30, 2006, filed August 9, 2006.                                                                      |   |
|   |   |                                                                                                                                                                                                                                                                                                                                            |   |
| 10.8+  |   | Employment      Agreement dated as of June 22, 2006 between the registrant and Timothy      Davis—incorporated by      reference to Exhibit 10.22 to registrant’s quarterly report on Form 10-Q      for the quarter ended June 30, 2006, filed August 9, 2006.                                                                     |   |

----

| 10.9+   |   | Employment      Agreement dated as of June 22, 2006 between the registrant and Sean      Sullivan—incorporated by      reference to Exhibit 10.20 to registrant’s quarterly report on Form 10-Q      for the quarter ended June 30, 2006, filed August 9, 2006.                                                                                                              |   |
|---------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|    |   |                                                                                                                                                                                                                                                                                                                                                                                     |   |
| 10.10   |   | Settlement      and Governance Agreement by and among the registrant, Burton Capital      Management, LLC and Robert G. Burton, Sr., dated September 9, 2005—incorporated by      reference to Exhibit 10.1 to the registrant’s current report on Form 8-K      dated (date of earliest event reported) September 9, 2005 and filed with      the SEC on September 12, 2005. |   |
|    |   |                                                                                                                                                                                                                                                                                                                                                                                     |
| 10.11+  |   | Cenveo,      Inc. 2001 Long-Term Equity Incentive Plan, as amended—incorporated by      reference to Exhibit 10.24 to registrant’s quarterly report on Form 10-Q      for the quarter ended June 30, 2004, filed August 2,  2004.                                                                                                                                            |
|    |   |                                                                                                                                                                                                                                                                                                                                                                                     |
| 10.12+  |   | Form      of Non-Qualified Stock Option Agreement under 2001 Long-Term Equity      Incentive Plan—incorporated by      reference from Exhibit 10.28 to the registrant’s quarterly report on Form      10-Q for the quarter ended June 30, 2001, filed August 13,      2001.                                                                                                  |
|    |   |                                                                                                                                                                                                                                                                                                                                                                                     |
| 10.13+  |   | Form      of Incentive Stock Option Agreement under 2001 Long-Term Equity Incentive      Plan—incorporated      by reference from Exhibit 10.29 to the registrant’s quarterly report on      Form 10-Q for the quarter ended June 30, 2001, filed August 13,      2001.                                                                                                      |
|    |   |                                                                                                                                                                                                                                                                                                                                                                                     |
| 10.14+  |   | Form      of Restricted Stock Award Agreement under 2001 Long-Term Equity Incentive      Plan—incorporated      by reference from Exhibit 10.30 to the registrant’s quarterly report on      Form 10-Q for the quarter ended June 30, 2001, filed August 13,      2001.                                                                                                      |
|    |   |                                                                                                                                                                                                                                                                                                                                                                                     |
| 10.15+  |   | Form      of Restricted Share Unit Award Agreement under 2001 Long-Term Equity      Incentive Plan—incorporated by      reference to Exhibit 10.13 of the registrant’s annual report on Form 10-K      filed for the year ended December 31, 2005, filed March 2,      2006.                                                                                                 |
|    |   |                                                                                                                                                                                                                                                                                                                                                                                     |
| 10.16+  |   | Cenveo,      Inc. 2007 Long-Term Equity Incentive Plan—incorporated by reference to      Exhibit 10.1 to registrant’s quarterly report on Form 10-Q for the quarter      ended June 30, 2007, filed August 8, 2007.                                                                                                                                                          |
|    |   |                                                                                                                                                                                                                                                                                                                                                                                     |
| 10.17+* |   | Form      of Non-Qualified Stock Option Agreement for Employees under 2007 Long-Term      Equity Incentive Plan.                                                                                                                                                                                                                                                                         |
|    |   |                                                                                                                                                                                                                                                                                                                                                                                     |
| 10.18+* |   | Form      of Restricted Share Unit Award Agreement for Employees under 2007      Long-Term Equity Incentive Plan.                                                                                                                                                                                                                                                                        |
|    |   |                                                                                                                                                                                                                                                                                                                                                                                     |
| 10.19+* |   | Form      of Restricted Share Unit Award Agreement for Non- Employee Directors under      2007 Long-Term Equity IncentivePlan.                                                                                                                                                                                                                                                           |

|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.20  |   | Credit      Agreement dated as of June 21, 2006 among Cenveo Corporation, Cenveo,      Inc., Bank of America, N.A., as Administrative Agent, Swing Line Lender      and L/C Issuer, and the other lenders party thereto—incorporated by      reference to Exhibit 4.1 to registrant’s current report on Form 8-K dated      (date of earliest event reported) June 21, 2006 and filed with the SEC on      June 27, 2006.           |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.21  |   | First      Amendment, dated as of March 7, 2007, to Credit Agreement dated as of June      21, 2006, among Cenveo Corporation, Cenveo, Inc., Bank of America, N.A.,      as Administrative Agent, and the other lenders party thereto— incorporated      by reference to Exhibit 10.1 to registrant’s quarterly report on Form 10-Q      for the quarter ended March 31, 2007, filed May 9,2007.                                    |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.22  |   | Credit      Agreement Supplement, dated as of July 9, 2007, to Credit Agreement dated      as of June 21, 2006, among Cenveo Corporation, Cenveo, Inc., Bank of      America, N.A., as Administrative Agent, and the other lenders party      thereto—incorporated by reference to Exhibit 10.2 to registrant’s      quarterly report on Form 10-Q for the quarter ended June 30, 2007, filed      August 8, 2007.                  |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.23  |   | Loan      Agreement, dated as of August 30, 2007, among Cenveo Corporation, Cenveo,      Inc., Lehman Commercial Paper Inc., as Administrative Agent, the lenders      party thereto and Lehman Brothers Inc., as Sole Lead Arranger and Sole      Book Manager—incorporated by reference to Exhibit 10.3 to registrant’s      quarterly report on Form 10-Q for the quarter ended September 30, 2007,      filed November 8, 2007. |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 21.1*  |   | Subsidiaries      of the registrant.                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                            |

----

| 23.1*  |   | Consent      of Ernst & Young LLP.                                                                                                                                      |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                        |
| 23.2*  |   | Consent      of Deloitte & Touche LLP.                                                                                                                                  |
|   |   |                                                                                                                                                                        |
| 24.1   |   | Power      of Attorney—incorporated by reference to page 91.                                                                                                          |
|   |   |                                                                                                                                                                        |
| 31.1*  |   | Certification      by Robert G. Burton, Sr., Chief Executive Officer, pursuant to Section 302      of the Sarbanes-Oxley Act of 2002.                                       |
|   |   |                                                                                                                                                                        |
| 31.2*  |   | Certification      by Mark S. Hiltwein, Chief Financial Officer, pursuant to Section 302 of      the Sarbanes-Oxley Act of 2002.                                            |
|   |   |                                                                                                                                                                        |
| 32.1*  |   | Certification      of the Chief Executive Officer pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002, furnished as an exhibit to this report on Form      10-K. |
|   |   |                                                                                                                                                                        |
| 32.2*  |   | Certification      of the Chief Financial Officer pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002, furnished as an exhibit to this report on Form      10-K. |

| + | Management      contract or compensatory plan orarrangement. |
|---|--------------------------------------------------------------|

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

| (b) | Exhibits      Filed |
|-----|---------------------|

|   | Included      in Item 15(a)(3) of this Report. |
|--------|------------------------------------------------|

| (c) | Financial      Statement Schedules Filed |
|-----|------------------------------------------|

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | For      The Years Ended December 31, |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | 2007                                  |   |   | 2006 |   |   | 2005 |   |
| Accounts      receivable allowances                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                  |   |   |   |   |   |   |   |
| Balance      at beginning of      year                                                                                         |   | $                                     | 4,802  |   |   | $ | 5,236 |   |   | $ | 4,738 |   |
| Charged      to costs and      expenses                                                                                        |   |                                  | 5,363  |   |   |   | 4,345 |   |   |   | 3,427 |   |
| Recoveries      and other charges(2)                                                                                           |   |                                  | 3,466  |   |   |   | (735 | ) |   |   | 808 |   |
| Deductions(1)                                                                                                                  |   |                                  | (3,720 | ) |   |   | (4,044 | ) |   |   | (3,737 | ) |
| Balance      at end of      year                                                                                               |   | $                                     | 9,911  |   |   | $ | 4,802 |   |   | $ | 5,236 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | For      The Years Ended December 31, |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | 2007                                  |   |   | 2006 |   | 2005 |   |
| Inventory      reserves                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |                                  |   |   |   |   |   |   |   |
| Balance      at beginning of      year                                                                                         |   | $                                     | 4,926  |   |   | $ | 5,899 |   |   | $ | 4,700 |   |
| Charged      to costs and      expenses                                                                                        |   |                                  | 2,851  |   |   |   | 1,900 |   |   |   | 3,000 |   |
| Recoveries      and other charges(2)                                                                                           |   |                                  | 844    |   |   |   | (1,209 | ) |   |   | (458 | ) |
| Deductions(1)                                                                                                                  |   |                                  | (1,166 | ) |   |   | (1,664 | ) |   |   | (1,343 | ) |
| Balance      at end of      year                                                                                               |   | $                                     | 7,455  |   |   | $ | 4,926 |   |   | $ | 5,899 |   |

| (1) | Amounts      written off. |
|-----|---------------------------|

----

|   |               CENVEO,      INC. |
|--------|-------------------------------------------------------------------------------------------------------|
|   |                                                                                                  |   |
|   | By:                                                                                                   | /S/  ROBERT      G. BURTON, SR. |
|   |                                                                                                  | Robert      G. Burton, Sr., Chairman andChief      Executive Officer(Principal      Executive Officer) |
|   |                                                                                                  |   |
|   |                                                                                                  |   |
|   | By:                                                                                                   | /S/  MARK      S. HILTWEIN |
|   |                                                                                                  | Mark      S. Hiltwein,Chief      Financial Officer(Principal      Financial Officer andPrincipal      Accounting Officer) |
|   |                                                                                                  |   |

----

| Signature                      |   | Title                                     |   | Date                |   |
|--------------------------------|--------|-------------------------------------------|--------|---------------------|--------|
|                           |   |                                      |   |                |   |
| /s/ Robert G.      Burton, Sr. |   | Chairman      and Chief Executive Officer |   | March      28, 2008 |   |
| Robert      G. Burton, Sr.     |   | (Principal      Executive Officer)        |   |                |   |
|                           |   |                                      |   |                |
|                           |   |                                      |   |                |   |
| /s/ Mark S.      Hiltwein      |   | Chief      Financial Officer              |   | March      28, 2008 |   |
| Mark      S. Hiltwein          |   | (Principal      Financial Officer and     |   |                |   |
|                           |   | Principal      Accounting Officer)        |   |                |   |
|                           |   |                                      |   |                |   |
| /s/ Sean      Sullivan         |   | President,      Commercial Printing       |   | March      28, 2008 |   |
| Sean      S. Sullivan          |   | and      Packaging                        |   |                |   |
|                           |   |                                      |   |                |   |
| /s/ Gerald S.      Armstrong   |   | Director                                  |   | March      28, 2008 |   |
| Gerald      S. Armstrong       |   |                                      |   |                |   |
|                           |   |                                      |   |                |   |
| /s/ Patrice      M. Daniels    |   | Director                                  |   | March      28, 2008 |   |
| Patrice      M. Daniels        |   |                                      |   |                |   |
|                           |   |                                      |   |                |   |
| /s/ Leonard      C. Green      |   | Director                                  |   | March      28, 2008 |   |
| Leonard      C. Green          |   |                                      |   |                |   |
|                           |   |                                      |   |                |   |
| /s/ Mark J.      Griffin       |   | Director                                  |   | March      28, 2008 |   |
| Mark      J. Griffin           |   |                                      |   |                |   |
|                           |   |                                      |   |                |   |
| /s/ Robert      Obernier       |   | Director                                  |   | March      28, 2008 |   |
| Robert      Obernier           |   |                                      |   |                |   |