| Delaware                                |   | 75-1277589                                          |
|-----------------------------------------|--------|-----------------------------------------------------|
| (State                of Incorporation) |   | (I.R.S.                Employer Identification No.) |

|   | Yes                x |   | No** **o |   |
|--------|----------------------|--------|---------------|--------|

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

|   | Yes                o |   | No** **x |   |
|--------|----------------------|--------|---------------|--------|

| Class                                     |   | Outstanding                at April 30, 2006 |
|-------------------------------------------|--------|----------------------------------------------|
| Common                Stock, $1 Par Value |   | 7,985,677                Shares              |

----

----

|                                                                     |   |                           |    |   |                        |    |   |
|--------------------------------------------------------------------------|--------|--------------------------------|---------|--------|-----------------------------|---------|--------|
|                                                                          |   |  March                31, |    |   | December                31, |    |
|                                                                     |   |                           | 2006    |   |                        | 2005    |   |
|                                                                     |   |                           |    |   |                        |    |   |
| CURRENT                ASSETS:                                           |   |                           |    |   |                        |    |   |
|                                                                     |   |                           |    |   |                        |    |   |
| Cash                and cash equivalents                            |   | $                              | 3,001   |   | $                           | 8,421   |   |
| Accounts                receivable, net                             |   |                           | 46,503  |   |                        | 63,612  |   |
| Inventories,                net                                     |   |                           | 67,960  |   |                        | 62,799  |   |
| Other                current assets                                 |   |                           | 3,822   |   |                        | 3,600   |   |
|                                                                     |   |                           |    |   |                        |    |   |
|  Total                current assets                                |   |                           | 121,286 |   |                        | 138,432 |   |
|                                                                     |   |                           |    |   |                        |    |   |
|                                                                     |   |                           |    |   |                        |    |   |
| OTHER                ASSETS:                                             |   |                           |    |   |                        |    |   |
|                                                                     |   |                           |    |   |                        |    |   |
| Goodwill                                                            |   |                           | 665     |   |                        | 665     |   |
| Intangibles,                net                                     |   |                           | 6,827   |   |                        | 6,946   |   |
| Other                                                               |   |                           | 8,605   |   |                        | 8,643   |   |
|                                                                     |   |                           |    |   |                        |    |   |
|  Total                other assets                                  |   |                           | 16,097  |   |                        | 16,254  |   |
|                                                                     |   |                           |    |   |                        |    |   |
|                                                                     |   |                           |    |   |                        |    |   |
| PROPERTY                AND EQUIPMENT:                                   |   |                           |    |   |                        |    |   |
| Land                and improvements                                |   |                           | 1,747   |   |                        | 1,732   |   |
| Buildings                and improvements                           |   |                           | 14,051  |   |                        | 14,011  |   |
| Machinery                and equipment                              |   |                           | 139,303 |   |                        | 140,514 |   |
|                                                                     |   |                           |    |   |                        |    |   |
|                                                                     |   |                           | 155,101 |   |                        | 156,257 |   |
| Less                - Accumulated depreciation                      |   |                           | (98,944 | )      |                        | (98,260 | )      |
|                                                                     |   |                           |    |   |                        |    |   |
|  Property                and equipment, net                         |   |                           | 56,157  |   |                        | 57,997  |   |
|                                                                     |   |                           |    |   |                        |    |   |
|  Total                assets                                        |   | $                              | 193,540 |   | $                           | 212,683 |   |
|                                                                     |   |                           |    |   |                        |    |   |
| See                Notes to Condensed Consolidated Financial Statements. |   |                           |    |   |                        |    |   |

----

|                                                                                                                      |   |   March                  31,  |    |   | December                  31, |    |
|----------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------|---------|--------|-------------------------------|---------|
|                                                                                                                 |   |                                         | 2006    |   |                          | 2005    |   |
|                                                                                                                 |   |                                         |    |   |                          |    |   |
| CURRENT                  LIABILITIES:                                                                                |   |                                         |    |   |                          |    |   |
|                                                                                                                 |   |                                         |    |   |                          |    |   |
| Accounts                  payable                                                                               |   | $                                            | 27,379  |   | $                             | 47,449  |   |
| Accrued                  compensation                                                                           |   |                                         | 3,714   |   |                          | 4,071   |   |
| Accrued                  expenses                                                                               |   |                                         | 36,482  |   |                          | 37,713  |   |
| Current                  maturities of long-term debt                                                           |   |                                         | 2,857   |   |                          | 2,857   |   |
| Revolving                  credit agreement                                                                     |   |                                         | 50,477  |   |                          | 41,946  |   |
|                                                                                                                 |   |                                         |    |   |                          |    |   |
|  Total                  current liabilities                                                                     |   |                                         | 120,909 |   |                          | 134,036 |   |
|                                                                                                                 |   |                                         |    |   |                          |    |   |
| LONG-TERM                  DEBT, less current maturities                                                             |   |                                         | 12,143  |   |                          | 12,857  |   |
|                                                                                                                 |   |                                         |    |   |                          |    |   |
| OTHER                  LIABILITIES                                                                                   |   |                                         | 10,642  |   |                          | 10,497  |   |
|                                                                                                                 |   |                                         |    |   |                          |    |   |
|                                                                                                                 |   |                                         |    |   |                          |    |   |
| Total                  liabilities                                                                                   |   |                                         | 143,694 |   |                          | 157,390 |   |
|                                                                                                                 |   |                                         |    |   |                          |    |   |
| COMMITMENTS                  AND CONTINGENCIES (Note 9)                                                              |   |                                         | -       |   |                          | -       |   |
|                                                                                                                 |   |                                         |    |   |                          |    |   |
| STOCKHOLDERS’                  EQUITY:                                                                         |   |                                         |    |   |                          |    |   |
| 15%                  Convertible preferred stock, $100 par value,                  authorized                   |   |                                         |    |   |                          |    |   |
|  1,200,000                  shares, issued and outstanding 1,131,551 shares,                                    |   |                                         |    |   |                          |    |   |
|  liquidation                  value $113,155                                                                    |   |                                         | 108,256 |   |                          | 108,256 |   |
| Common                  stock, $1 par value; authorized 35,000,000 shares;                                      |   |                                         |    |   |                          |    |   |
|  issued                  9,822,304 shares                                                                       |   |                                         | 9,822   |   |                          | 9,822   |   |
| Additional                  paid-in capital                                                                     |   |                                         | 26,829  |   |                          | 27,016  |   |
| Accumulated                  other comprehensive income                                                         |   |                                         | 3,167   |   |                          | 3,158   |   |
| Accumulated                  deficit                                                                            |   |                                         | (76,206 | )      |                          | (70,415 | ) |
| Treasury                  stock, at cost, 1,830,227 shares and 1,874,027 shares,                  respectively  |   |                                         | (22,022 | )      |                          | (22,544 | ) |
|                                                                                                                 |   |                                         |    |   |                          |    |   |
|  Total                  stockholders' equity                                                                    |   |                                         | 49,846  |   |                          | 55,293  |   |
|                                                                                                                 |   |                                         |    |   |                          |    |   |
|  Total                  liabilities and stockholders' equity                                                    |   | $                                            | 193,540 |   | $                             | 212,683 |   |
|                                                                                                                 |   |                                         |         |   |                          |         |   |
| See                  Notes to Condensed Consolidated Financial Statements.                                           |   |                                         |    |   |                          |    |   |

----

|                                                                                                      |   |   |   |   |   |   |   |
|-----------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                                      |   |   | 2006   |   |   | 2005   |   |
|                                                                                                      |   |   |   |   |   |   |   |
| Net                  sales                                                                                |   | $      | 83,896 |   | $      | 95,513 |   |
| Cost                  of goods sold                                                                       |   |   | 72,781 |   |   | 85,832 |   |
| Gross                  profit                                                                        |   |   | 11,115 |   |   | 9,681  |   |
| Selling,                  general and administrative expenses                                             |   |   | 13,580 |   |   | 12,527 |   |
| Severance,                  restructuring and related charges                                             |   |   | 782    |   |   | 172    |   |
| Loss                  on sale of assets                                                                   |   |   | 102    |   |   | 186    |   |
| Operating                  loss                                                                      |   |   | (3,349 | )      |   | (3,204 | )      |
| Interest                  expense                                                                         |   |   | (1,771 | )      |   | (1,264 | )      |
| Other,                  net                                                                               |   |   | 337    |   |   | (48    | )      |
|                                                                                                      |   |   |   |   |   |   |   |
| Loss                  before provision for income taxes                                                   |   |   | (4,783 | )      |   | (4,516 | )      |
|                                                                                                      |   |   |   |   |   |   |   |
| Provision                  for income taxes                                                               |   |   | 252    |   |   | 132    |   |
|                                                                                                      |   |   |   |   |   |   |   |
| Loss                  before cumulative effect of a change in accounting                  principle       |   |   | (5,035 | )      |   | (4,648 | )      |
|                                                                                                      |   |   |   |   |   |   |   |
| Cumulative                  effect of a change in accounting principle (net of tax)                       |   |   | (756   | )      |   | -      |   |
|                                                                                                      |   |   |   |   |   |   |   |
| Net                  loss                                                                                 |   | $      | (5,791 | )      | $      | (4,648 | )      |
|                                                                                                      |   |   |   |   |   |   |   |
| Loss                  per share of common stock - Basic and diluted                                       |   |   |   |   |   |   |   |
| Loss                  before cumulative effect of a change in accounting                  principle  |   | $      | (0.63  | )      | $      | (0.59  | )      |
| Cumulative                  effect of a change in accounting principle                               |   |   | (0.10  | )      |   | -      |   |
| Net                  loss                                                                            |   | $      | (0.73  | )      | $      | (0.59  | )      |
|                                                                                                      |   |   |   |   |   |   |   |
| Weighted                  average common shares outstanding (thousands):                                  |   |   |   |   |   |   |   |
|  Basic                  and diluted                                                                  |   |   | 7,971  |   |   | 7,945  |   |
|                                                                                                      |   |   |   |   |   |   |   |
| See                  Notes to Condensed Consolidated Financial Statements.                                |   |   |   |   |   |   |   |

----

|                                                                          |   |   | 2006    |   |   | 2005    |   |
|-------------------------------------------------------------------------------|--------|--------|---------|--------|--------|---------|--------|
|                                                                          |   |   |    |   |   |    |   |
| Cash                  flows from operating activities:                        |   |   |    |   |   |    |   |
| Net                  loss                                                |   | $      | (5,791  | )      | $      | (4,648  | )      |
| Cumulative                  effect of a change in accounting principle   |   |   | 756     |   |   | -       |   |
| Depreciation                  and amortization                           |   |   | 2,672   |   |   | 2,847   |   |
| Amortization                  of debt issuance costs                     |   |   | 287     |   |   | 276     |   |
| Stock                  option expense                                    |   |   | 191     |   |   | -       |   |
| Loss                  on sale of assets                                  |   |   | 102     |   |   | 186     |   |
|                                                                          |   |   | (1,783  | )      |   | (1,339  | )      |
| Changes                  in operating assets and liabilities:            |   |   |    |   |   |    |   |
|  Accounts                  receivable                                    |   |   | 17,221  |   |   | 16,164  |   |
|  Inventories                                                             |   |   | (5,136  | )      |   | 3,627   |   |
|  Other                  assets                                           |   |   | (170    | )      |   | (942    | )      |
|  Accounts                  payable                                       |   |   | (14,790 | )      |   | (11,839 | )      |
|  Accrued                  expenses                                       |   |   | (1,600  | )      |   | (2,964  | )      |
|  Other,                  net                                             |   |   | (684    | )      |   | (738    | )      |
|                                                                          |   |   | (5,159  | )      |   | 3,308   |   |
|                                                                          |   |   |    |   |   |    |   |
| Net                  cash (used in) provided by operating activities     |   |   | (6,942  | )      |   | 1,969   |   |
|                                                                          |   |   |    |   |   |    |   |
| Cash                  flows from investing activities:                        |   |   |    |   |   |    |   |
| Capital                  expenditures                                    |   |   | (816    | )      |   | (1,403  | )      |
| Collections                  of note receivable from sale of subsidiary  |   |   | -       |   |   | 71      |   |
| Proceeds                  from sale of assets, net                       |   |   | 163     |   |   | -       |   |
| Net                  cash used in investing activities                   |   |   | (653    | )      |   | (1,332  | )      |
|                                                                          |   |   |    |   |   |    |   |
| Cash                  flows from financing activities:                        |   |   |    |   |   |    |   |
| Net                  borrowings (repayments) on revolving loans          |   |   | 8,578   |   |   | (466    | )      |
| Decrease                  in book overdraft                              |   |   | (5,360  | )      |   | -       |   |
| Repayments                  of term loans                                |   |   | (714    | )      |   | (1,429  | )      |
| Direct                  costs associated with debt facilities            |   |   | (165    | )      |   | (138    | )      |
| Repurchases                  of common stock                             |   |   | (4      | )      |   | -       |   |
| Proceeds                  from the exercise of stock options             |   |   | 147     |   |   | -       |   |
| Net                  cash provided by (used in) financing activities     |   |   | 2,482   |   |   | (2,033  | )      |
|                                                                          |   |   |    |   |   |    |   |
| Effect                  of exchange rate changes on cash and cash equivalents |   |   | (307    | )      |   | (30     | )      |
| Net                  decrease in cash and cash equivalents                    |   |   | (5,420  | )      |   | (1,426  | )      |
| Cash                  and cash equivalents, beginning of period               |   |   | 8,421   |   |   | 8,525   |   |
| Cash                  and cash equivalents, end of period                     |   | $      | 3,001   |   | $      | 7,099   |   |
|                                                                          |   |   |    |   |   |    |   |
| See                  Notes to Condensed Consolidated Financial Statements.    |   |   |    |   |   |    |   |

----

|                                                        |   |  March                  31, |   |   | December                  31, |   |
|--------------------------------------------------------|--------|----------------------------------|--------|--------|-------------------------------|--------|
|                                                   |   |                             | 2006   |   |                          | 2005   |   |
|                                                   |   |                             |   |   |                          |   |   |
| Raw                  materials                         |   | $                                | 19,570 |   | $                             | 23,314 |   |
| Work                  in process                       |   |                             | 1,748  |   |                          | 1,766  |   |
| Finished                  goods                        |   |                             | 57,933 |   |                          | 48,949 |   |
| Excess                  and obsolete inventory reserve |   |                             | (4,996 | )      |                          | (4,548 | ) |
| LIFO                  reserve                          |   |                             | (6,295 | )      |                          | (6,682 | ) |
|                                                   |   | $                                | 67,960 |   | $                             | 62,799 |   |
|                                                   |   |                             |   |   |                          |   |   |

*Inventory      Costs, an amendment of ARB No. 43, Chapter 4*

----

*Accounting      for Asset Retirement Obligations *

| SFAS                  No. 143 Obligation at December 31, 2005                   |   | $      | 1,068  |   |
|---------------------------------------------------------------------------------|--------|--------|--------|--------|
|     Accretion                  expense                      |   |   | 15     |   |
|     Changes                  in estimates, including timing |   |   | -      |   |
| SFAS                  No. 143 Obligation at March 31, 2006                      |   | $      | 1,083  |   |
|                                                                            |   |   |   |   |

*Accounting      for Stock Issued to Employees*
*Accounting      for Stock-Based Compensation *
*Accounting      for Stock-Based Compensation - Transition and Disclosure *

*Share-Based      Payment*

----

|                                                                   |   |  Three                  Months     |   |
|------------------------------------------------------------------------|--------|----------------------------------------------|--------|
|                                                                   |   |  Ended                  March 31,  |   |
|                                                                   |   |                                         | 2006   |   |
|                                                                   |   |                                         |   |   |
| Selling,                  general and administrative expense           |   | $                                            | 489    |   |
| Cumulative                  effect of a change in accounting principle |   |                                         | 756    |   |
|                                                                   |   | $                                            | 1,245  |   |
|                                                                   |   |                                         |   |   |

*Share-Based      Payment*

----

|                                                                                                                               |   |  Three                  Months     |   |
|------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------|--------|
|                                                                                                                               |   |  Ended                  March 31,  |   |
|                                                                                                                               |   |                                         | 2005   |   |
|                                                                                                                               |   |                                         |   |   |
| Net                  loss                                                                                                          |   | $                                            | (4,648 | ) |
| Deduct:                  Total stock-based employee compensation expense determined                                                |   |                                         |   |   |
|     under                  fair value based method for all awards, net of related tax                  effects |   |                                         | -      |   |
|                                                                                                                               |   |                                         |   |   |
| Pro                  forma net loss                                                                                                |   | $                                            | (4,648 | ) |
|                                                                                                                               |   |                                         |   |   |
| Loss                  per share:                                                                                                   |   |                                         |   |   |
|     Basic                  and diluted - as reported                                                           |   | $                                            | (0.59  | ) |
|     Basic                  and diluted - pro forma                                                             |   | $                                            | (0.59  | ) |

*Accounting      for Derivative Financial Instruments and Hedging Activities*

----

| Notional                  Amount |   | Maturity                         |   | Rate                  Paid |   | Rate                  Received |   | Fair                  Value (2) |
|----------------------------------|--------|----------------------------------|--------|----------------------------|--------|--------------------------------|--------|---------------------------------|
| $                  25,000        |   | August                  17, 2007 |   | 4.49%                      |   | LIBOR                  (1)     |   | $                  158          |
|                             |   |                             |   |                       |   |                           |   |                            |

| (1)                  LIBOR rate is determined on the 23rd of each month and continues                  up to and                  including the maturity date. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)                  The fair value is the mark-to-market                  value.                                                                              |

|                               |   |  March                31, |   |  December                31, |   |
|-------------------------------|--------|--------------------------------|--------|-----------------------------------|--------|
|                          |   |  2006                     |   | 2005                              |   |
|                          |   |  Gross               |   |  Accumulated                 |   |  Net                Carrying |   |  Gross |   |  Accumulated |   |  Net                Carrying |   |
|                          |   | Amount                    |   |  Amortization                |   |  Amount |   |  Amount |   |  Amortization |   |  Amount |   |
| Patents                       |   | $                              | 1,445  |                              | $      | (1,002 | ) | $ | 443 |   | $ | 1,409 |   | $ | (954 | ) | $ | 455 |   |
| Customer                lists |   |                           | 10,645 |                              |   | (8,046 | ) |   | 2,599 |   |   | 10,643 |   |   | (7,997 | ) |   | 2,646 |   |
| Tradenames                    |   |                           | 5,503  |                              |   | (2,140 | ) |   | 3,363 |   |   | 5,498 |   |   | (2,075 | ) |   | 3,423 |   |
| Other                         |   |                           | 441    |                              |   | (19 | ) |   | 422 |   |   | 441 |   |   | (19 | ) |   | 422 |   |
| Total                         |   | $                              | 18,034 |                              | $      | (11,207 | ) | $ | 6,827 |   | $ | 17,991 |   | $ | (11,045 | ) | $ | 6,946 |   |
|                          |   |                           |   |                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

*Offsetting      of Amounts Related to Certain Contracts*

*Consolidation      of Variable Interest Entities*

----

| 2006                      |   | $      | 1,100  |   |
|------------------------------------------|--------|--------|--------|--------|
| 2007                 |   |   | 1,100  |   |
| 2008                      |   |   | 550    |   |
|                                     |   | $      | 2,750  |   |
|                                     |   |   |   |   |

|                                                                                                          |   |  March                31,  |    |   | December                31, |    |
|---------------------------------------------------------------------------------------------------------------|--------|--------------------------------------|---------|--------|-----------------------------|---------|
|                                                                                                          |   |                                 | 2006    |   |                        | 2005    |   |
|                                                                                                          |   |                                 |    |   |                        |    |   |
| Term                loan payable under Bank of America Credit Agreement, interest based                  |   |                                 |    |   |                        |    |   |
|  on                LIBOR and Prime Rates (7.88% - 9.00%), due through 2009                               |   | $                                    | 15,000  |   | $                           | 15,714  |   |
| Revolving                loans payable under the Bank of America Credit Agreement,                       |   |                                 |    |   |                        |    |   |
|  interest                based on LIBOR and Prime Rates (7.50% - 8.75%)                                  |   |                                 | 50,477  |   |                        | 41,946  |   |
| Total                debt                                                                                |   |                                 | 65,477  |   |                        | 57,660  |   |
| Less                revolving loans, classified as current (see below)                                   |   |                                 | (50,477 | )      |                        | (41,946 | ) |
| Less                current maturities                                                                   |   |                                 | (2,857  | )      |                        | (2,857  | ) |
| Long-term                debt                                                                            |   | $                                    | 12,143  |   | $                           | 12,857  |   |
|                                                                                                          |   |                                 |    |   |                        |    |   |

----

** **

----

*Minimum      Availability*

*Fixed      Charge Coverage Ratio*

*Capital      Expenditures*

*Leverage      Ratio*

----

*Balance        Sheet Classification of Borrowings Outstanding under Revolving Credit Agreements        that Include Both a Subjective Acceleration Clause and a Lock-Box        Arrangement*

|                                                      |   |  Pension                  Benefits  |   |  Other                  Benefits |                       |
|-----------------------------------------------------------|--------|-----------------------------------------------|--------|---------------------------------------|----------------------------|
|                                                      |   |  March                  31,              |   |                                  | March                  31, |   |  March                  31, |   |   | March                  31, |   |
|                                                      |   |                                          | 2006   |                                  |                       | 2005 |   |   | 2006 |   |   | 2005 |   |
|                                                      |   |                                          |   |                                  |                       |   |   |   |   |   |   |   |   |
| Components                  of net periodic benefit cost: |   |                                          |   |                                  |                       |   |   |   |   |   |   |   |   |
| Service                  cost                             |   | $                                             | 2      |                                  | $                          | 2 |   | $ | - |   | $ | - |   |
| Interest                  cost                            |   |                                          | 22     |                                  |                       | 23 |   |   | 36 |   |   | 47 |   |
| Expected                  return on plan assets           |   |                                          | (22    | )                                     |                       | (26 | ) |   | - |   |   | - |   |
| Amortization                  of prior service cost       |   |                                          | -      |                                  |                       | - |   |   | 14 |   |   | 15 |   |
| Amortization                  of net loss                 |   |                                          | 14     |                                  |                       | 20 |   |   | 10 |   |   | 15 |   |
| Net                  periodic benefit cost                |   | $                                             | 16     |                                  | $                          | 19 |   | $ | 60 |   | $ | 77 |   |
|                                                      |   |                                          |   |                                  |                       |   |   |   |   |   |   |   |   |

----

----

|                                                           |   |          |      |        |           |       |              |  Weighted                        |                        |   |   |   |
|-----------------------------------------------------------|--------|---------------|-----------|-------------|----------------|------------|-------------------|---------------------------------------|-----------------------------|--------|--------|--------|
|                                                      |   |          |      |        |  Weighted |       |  Average     |                                  |  Aggregate             |   |
|                                                      |   |          |      |        |  Average  |       |  Remaining   |                                  |  Intrinsic             |   |
|                                                      |   |          |      |        |  Exercise |       |  Contractual |                                  |  Value                 |   |
|                                                      |   | Options  |      |  Price |           |  Life |              |  (in                  thousands) |
|                                                      |   |          |      |        |           |       |              |                                  |                        |   |   |   |   |
| Outstanding                  at December 31, 2005         |   |          | 1,856,350 |        | $              | 3.99       |              |                                  |                        |   |   |   |   |
|                                                      |   |          |      |        |           |       |              |                                  |                        |   |   |   |   |
| Granted                                                   |   |          | -         |        | $              | 0.00       |              |                                  |                        |   |   |   |   |
| Exercised                                                 |   |          | (45,000   | )           | $              | 3.26       |              |                                  |                        |   |   |   |   |
| Cancelled                                                 |   |          | -         |        | $              | 0.00       |              |                                  |                        |   |   |   |   |
|                                                      |   |          |      |        |           |       |              |                                  |                        |   |   |   |   |
| Outstanding                  at March 31, 2006            |   |          | 1,811,350 |        | $              | 4.01       |              |                                  | 7.21                  years |   | $      | 884    |   |
|                                                      |   |          |      |        |           |       |              |                                  |                        |   |   |   |   |
| Vested                  and Exercisable at March 31, 2006 |   |          | 881,350   |        | $              | 5.40       |              |                                  | 5.08                  years |   | $      | 47     |   |
|                                                      |   |          |      |        |           |       |              |                                  |                        |   |   |   |   |

----

| Non-Vested                  at December 31, 2005     |   |   | 85,115  |   |
|------------------------------------------------------|--------|--------|---------|--------|
|                                                 |   |   |    |   |
| Granted                                              |   |   | -       |   |
| Vested                                               |   |   | (30,000 | )      |
|                                                 |   |   |    |   |
| Non-Vested                  at March 31, 2006        |   |   | 55,115  |   |
|                                                 |   |   |    |   |
| Total                  Outstanding at March 31, 2006 |   |   | 871,781 |   |
|                                                 |   |   |    |   |

----

*General      Environmental Claims*

*W.J.      Smith Wood Preserving Company (“W.J. Smith”)*

*Asbestos      Claims *

----

*Non-Environmental      Litigation - Banco del Atlantico, S.A.*

*Banco      del Atlantico, S.A. v. Woods Industries, Inc., et al.*
** **
*Civil      Action No.*
*** ***
*L-96-139      (now *
*      U.S.      District Court, Southern District of Indiana).*

*with      prejudice *

----

*Other      Claims*

----

|                                                                 |                                                                   |              |   |    |   |   |    |  Three                months ended March 31,  |                           |
|----------------------------------------------------------------------|------------------------------------------------------------------------|-------------------|--------|---------|--------|--------|---------|---------------------------------------------------------|--------------------------------|
|                                                                 |                                                                   |              |   |    |   |   |    |                                                    | 2006                           |   |   | 2005 |   |
| Maintenance                Products Group                            |                                                                   |              |   |    |   |   |    |                                                    |                           |   |   |   |   |
|     Net                external sales            |                                                                   |              |   |    |   |   |    | $                                                       | 58,051                         |   | $ | 61,473 |   |
|     Operating                income (loss)       |                                                                   |              |   |    |   |   |    |                                                    | 551                            |   |   | (4,093 | ) |
|     Operating                margin (deficit)    |                                                                   |              |   |    |   |   |    |                                                    | 0.9                            | % |   | (6.7 | %) |
|     Depreciation                and amortization |                                                                   |              |   |    |   |   |    |                                                    | 2,399                          |   |   | 2,489 |   |
|     Capital                expenditures          |                                                                   |              |   |    |   |   |    |                                                    | 653                            |   |   | 1,296 |   |
|                                                                 |                                                                   |              |   |    |   |   |    |                                                    |                           |   |   |   |   |
| Electrical                Products Group                             |                                                                   |              |   |    |   |   |    |                                                    |                           |   |   |   |   |
|     Net                external sales            |                                                                   |              |   |    |   |   |    | $                                                       | 25,845                         |   | $ | 34,040 |   |
|     Operating                income              |                                                                   |              |   |    |   |   |    |                                                    | 59                             |   |   | 2,913 |   |
|     Operating                margin              |                                                                   |              |   |    |   |   |    |                                                    | 0.2                            | % |   | 8.6 | % |
|     Depreciation                and amortization |                                                                   |              |   |    |   |   |    |                                                    | 239                            |   |   | 354 |   |
|     Capital                expenditures          |                                                                   |              |   |    |   |   |    |                                                    | 163                            |   |   | 107 |   |
|                                                                 |                                                                   |              |   |    |   |   |    |                                                    |                           |   |   |   |   |
| Total                                                                |                                                                   |              |   |    |   |   |    |                                                    |                           |   |   |   |   |
|     Net                external sales            |  - Operating              segments                           |              | $      | 83,896  |   | $      | 95,513  |                                                    |
|                                                                 |                                                                   |  Total  |   |    |   |   | $       | 83,896                                                  |                           | $ | 95,513 |   |
|                                                                 |                                                                   |              |   |    |   |   |    |                                                    |                                |   |   |  |   |
|     Operating                income (loss)       |  - Operating              segments                           |              | $      | 610     |   | $      | (1,180  | )                                                       |
|                                                                 |  - Unallocated              corporate                        |              |   | (3,075  | )      |   | (1,666  | )                                                       |
|                                                                 |  - Severance,              restructuring and related charges |              |   | (782    | )      |   | (172    | )                                                       |
|                                                                 |  - Loss              on sale of assets                       |              |   | (102    | )      |   | (186    | )                                                       |
|                                                                      |                                                                   |  Total  |   |    |   |   | $       | (3,349                                                  | )                              | $ | (3,204 | ) |
|                                                                 |                                                                   |              |   |    |   |   |    |                                                    |                                |   |   |  |   |
|     Depreciation                and amortization |  -Operating              segments                                 |              | $      | 2,638   |   | $      | 2,843   |                                                    |
|                                                                 |  - Unallocated              corporate                        |              |   | 34      |   |   | 4       |                                                    |
|                                                                      |                                                                   |  Total  |   |    |   |   | $       | 2,672                                                   |                           | $ | 2,847 |   |
|                                                                 |                                                                   |              |   |    |   |   |    |                                                    |                           |   |   |   |   |
|     Capital                expenditures          |  -Operating              segments                                 |              | $      | 816     |   | $      | 1,403   |                                                    |
|                                                                 |                                                                   |  Total  |   |    |   |   | $       | 816                                                     |                           | $ | 1,403 |   |
|                                                                 |                                                                   |              |   |    |   |   |    |                                                    |                           |   |   |   |   |
|                                                                 |                                                                   |              |   |    |   |   |    |                                                    | March                31,  |   |   | December                31, |   |
|                                                                 |                                                                   |              |   |    |   |   |    |                                                    | 2006                           |   |   | 2005 |   |
|     Total                assets                  |  -Maintenance              Products Group                         |              | $      | 129,069 |   | $      | 133,186 |                                                    |
|                                                                 |  - Electrical              Products Group                    |              |   | 55,410  |   |   | 66,744  |                                                    |
|                                                                 |  - Other              [a]                                    |              | 2,217  |    |   | 2,217  |    |
|                                                                 |  - Unallocated              corporate                        |              |   | 6,844   |   |   | 10,536  |                                                    |
|                                                                 |                                                                   |  Total  |   |    |   |   | $       | 193,540                                                 |                           | $ | 212,683 |   |
|                                                                 |                                                                   |              |   |    |   |   |    |                                                    |                                |   |   |  |   |

----

|                                                                              |   |  Three                  Months Ended March 31,  |   |
|-----------------------------------------------------------------------------------|--------|-----------------------------------------------------------|--------|
|                                                                              |   |                                                      | 2006   |   |   | 2005 |   |
| Consolidation                  of St. Louis manufacturing/distribution facilities |   | $                                                         | 699    |   | $ | 55 |   |
| Consolidation                  of Glit facilities                                 |   |                                                      | -      |   |   | 115 |   |
| Consolidation                  of administrative functions for CCP                |   |                                                      | -      |   |   | 21 |   |
| Shutdown                  of Woods Canada manufacturing                           |   |                                                      | -      |   |   | (19 | ) |
| Corporate                  office relocation                                      |   |                                                      | 83     |   |   | - |   |
| Total                  severance, restructuring and related charges               |   | $                                                         | 782    |   | $ | 172 |   |
|                                                                              |   |                                                      |   |   |   |   |   |

|                                                            |   |        |   |                                |  One-time    |                             |  Contract    |   |
|-----------------------------------------------------------------|--------|-------------|--------|-------------------------------------|-------------------|----------------------------------|-------------------|--------|
|                                                            |   |        |   |                                |  Termination |                             |  Termination |   |
|                                                                 |   |  Total |   |  Benefits                  [a] |              |  Costs                  [b] |              |
| Restructuring                  liabilities at December 31, 2005 |   | $           | 1,845  |                                | $                 | -                                |              | $      | 1,845 |   |
| Additions                                                       |   |        | 699    |                                |              | -                                |              |   | 699 |   |
| Payments                                                        |   |        | (186   | )                                   |              | -                                |              |   | (186 | ) |
| Restructuring                  liabilities at March 31, 2006    |   | $           | 2,358  |                                | $                 | -                                |              | $      | 2,358 |   |
|                                                            |   |        |   |                                |              |                             |              |   |   |   |

----

|                                                            |   |        |   |                                |  One-time    |                             |  Contract    |   |
|-----------------------------------------------------------------|--------|-------------|--------|-------------------------------------|-------------------|----------------------------------|-------------------|--------|
|                                                            |   |        |   |                                |  Termination |                             |  Termination |   |
|                                                                 |   |  Total |   |  Benefits                  [a] |              |  Costs                  [b] |              |
| Restructuring                  liabilities at December 31, 2005 |   | $           | 505    |                                | $                 | 255                              |              | $      | 250 |   |
| Additions                                                       |   |        | -      |                                |              | -                                |              |   | - |   |
| Payments                                                        |   |        | (164   | )                                   |              | (164                             | )                 |   | - |   |
| Restructuring                  liabilities at March 31, 2006    |   | $           | 341    |                                | $                 | 91                               |              | $      | 250 |   |
|                                                            |   |        |   |                                |              |                             |              |   |   |   |

|                                                            |   |        |   |                                |  One-time    |                             |  Contract    |   |
|-----------------------------------------------------------------|--------|-------------|--------|-------------------------------------|-------------------|----------------------------------|-------------------|--------|
|                                                            |   |        |   |                                |  Termination |                             |  Termination |   |
|                                                                 |   |  Total |   |  Benefits                  [a] |              |  Costs                  [b] |              |
| Restructuring                  liabilities at December 31, 2005 |   | $           | 717    |                                | $                 | -                                |              | $      | 717 |   |
| Additions                                                       |   |        | -      |                                |              | -                                |              |   | - |   |
| Payments                                                        |   |        | (52    | )                                   |              | -                                |              |   | (52 | ) |
| Restructuring                  liabilities at March 31, 2006    |   | $           | 665    |                                | $                 | -                                |              | $      | 665 |   |
|                                                            |   |        |   |                                |              |                             |              |   |   |   |

----

|                                                              |   |  One-time                        |   |
|-------------------------------------------------------------------|--------|---------------------------------------|--------|
|                                                              |   |  Termination                     |   |
|                                                              |   |  Benefits                    [a] |   |
| Restructuring                    liabilities at December 31, 2005 |   | $                                     | 157    |   |
| Additions                                                         |   |                                  | 83     |   |
| Payments                                                          |   |                                  | (196   | ) |
| Restructuring                    liabilities at March 31, 2006    |   | $                                     | 44     |   |
|                                                              |   |                                  |   |   |

|                                                            |   |        |   |                                |  One-time    |                             |  Contract    |   |
|-----------------------------------------------------------------|--------|-------------|--------|-------------------------------------|-------------------|----------------------------------|-------------------|--------|
|                                                            |   |        |   |                                |  Termination |                             |  Termination |   |
|                                                            |   |  Total |   |  Benefits                  [a] |              |  Costs                  [b] |              |
| Restructuring                  liabilities at December 31, 2005 |   | $           | 195    |                                | $                 | 20                               |              | $      | 175 |   |
| Additions                                                       |   |        | -      |                                |              | -                                |              |   | - |   |
| Payments                                                        |   |        | (31    | )                                   |              | -                                |              |   | (31 | ) |
| Restructuring                  liabilities at March 31, 2006    |   | $           | 164    |                                | $                 | 20                               |              | $      | 144 |   |
|                                                            |   |        |   |                                |              |                             |              |   |   |   |

|                                                             |   |        |   |                                |  One-time    |                             |  Contract    |   |
|------------------------------------------------------------------|--------|-------------|--------|-------------------------------------|-------------------|----------------------------------|-------------------|--------|
|                                                             |   |        |   |                                |  Termination |                             |  Termination |   |
|                                                                  |   |  Total |   |  Benefits                  [a] |              |  Costs                  [b] |              |
| Restructuring                  liabilities at December 31, 2005  |   | $           | 3,419  |                                | $                 | 432                              |              | $      | 2,987 |   |
|   Additions                                            |   |        | 782    |                                |              | 83                               |              |   | 699 |   |
|   Payments                                             |   |        | (629   | )                                   |              | (360                             | )                 |   | (269 | ) |
| Restructuring                  liabilities at March 31, 2006 [c] |   | $           | 3,572  |                                | $                 | 155                              |              | $      | 3,417 |   |
|                                                             |   |        |   |                                |              |                             |              |   |  |   |

----

|                                                            |   |        |   |        |  Maintenance |        |  Electrical |            |   |   |   |
|-----------------------------------------------------------------|--------|-------------|--------|-------------|-------------------|-------------|------------------|-----------------|--------|--------|--------|
|                                                            |   |        |   |        |  Products    |        |  Products   |            |   |   |   |
|                                                                 |   |  Total |   |  Group |              |  Group |             |  Corporate |   |
| Restructuring                  liabilities at December 31, 2005 |   | $           | 3,419  |        | $                 | 2,350       |             | $               | 912    |   | $      | 157 |   |
|   Additions                                           |   |        | 782    |        |              | 699         |             |            | -      |   |   | 83 |   |
|   Payments                                            |   |        | (629   | )           |              | (350        | )                |            | (83    | )      |   | (196 | ) |
| Restructuring                  liabilities at March 31, 2006    |   | $           | 3,572  |        | $                 | 2,699       |             | $               | 829    |   | $      | 44 |   |
|                                                            |   |        |   |        |              |        |             |            |   |   |   |   |   |

|                            |   |        |   |        |  Maintenance |        |  Electrical |            |   |   |   |
|---------------------------------|--------|-------------|--------|-------------|-------------------|-------------|------------------|-----------------|--------|--------|--------|
|                                 |   |        |   |        |  Products    |        |  Products   |            |   |   |   |
|                            |   |  Total |   |  Group |              |  Group |             |  Corporate |   |
| 2006                            |   | $           | 1,250  |        | $                 | 883         |             | $               | 323    |   | $      | 44 |   |
| 2007                            |   |        | 630    |        |              | 412         |             |            | 218    |   |   | - |   |
| 2008                            |   |        | 583    |        |              | 359         |             |            | 224    |   |   | - |   |
| 2009                            |   |        | 395    |        |              | 331         |             |            | 64     |   |   | - |   |
| 2010                            |   |        | 348    |        |              | 348         |             |            | -      |   |   | - |   |
| Thereafter                      |   |        | 366    |        |              | 366         |             |            | -      |   |   | - |   |
| Total                  Payments |   | $           | 3,572  |        | $                 | 2,699       |             | $               | 829    |   | $      | 44 |   |
|                            |   |        |   |        |              |        |             |            |   |   |   |   |   |

*Accounting      for the Impairment or Disposal of Long - Lived Assets*

----

|                                                                                                |   |                                                                      |   |                        |   |
|-----------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------|--------|-----------------------------|--------|
|                                                                                                |   |  2006                                                                |   |  2005                  |   |
|                                                                                                |   |  (Amounts                  in Millions, Except Per Share Data)  |   |
|                                                                                                |   |                                                                      |   |                        |   |   |   |   |   |   |   |   |   |
|                                                                                                |   |  $                                                                   |   | %                  to Sales |   |  $ |   | %                  to Sales |   |
| Net                  sales                                                                          |   | $                                                                         | 83.9   |                        |   | 100.0 |   | $ | 95.5 |   |   | 100.0 |   |
| Cost                  of goods sold                                                                 |   |                                                                      | 72.8   |                        |   | 86.8 |   |   | 85.8 |   |   | 89.9 |   |
| Gross                  profit                                                                       |   |                                                                      | 11.1   |                        |   | 13.2 |   |   | 9.7 |   |   | 10.1 |   |
| Selling,                  general and administrative expenses                                       |   |                                                                      | 13.5   |                        |   | 16.2 |   |   | 12.5 |   |   | 13.1 |   |
| Severance,                  restructuring and related charges                                       |   |                                                                      | 0.8    |                        |   | 0.9 |   |   | 0.2 |   |   | 0.2 |   |
| Loss                  on sale of assets                                                             |   |                                                                      | 0.1    |                        |   | 0.1 |   |   | 0.2 |   |   | 0.2 |   |
| Operating                  loss                                                                     |   |                                                                      | (3.3   | )                           |   | (4.0 | ) |   | (3.2 | ) |   | (3.4 | ) |
|                                                                                                |   |                                                                      |   |                        |   |   |   |   |   |   |   |   |   |
| Interest                  expense                                                                   |   |                                                                      | (1.8   | )                           |   |   |   |   | (1.3 | ) |   |   |   |
| Other,                  net                                                                         |   |                                                                      | 0.3    |                        |   |   |   |   | - |   |   |   |   |
|                                                                                                |   |                                                                      |   |                        |   |   |   |   |   |   |   |   |   |
| Loss                  before provision for income taxes                                             |   |                                                                      | (4.8   | )                           |   |   |   |   | (4.5 | ) |   |   |   |
|                                                                                                |   |                                                                      |   |                        |   |   |   |   |   |   |   |   |   |
| Provision                  for income taxes                                                         |   |                                                                      | 0.2    |                        |   |   |   |   | 0.1 |   |   |   |   |
|                                                                                                |   |                                                                      |   |                        |   |   |   |   |   |   |   |   |   |
| Loss                  before cumulative effect of a change in accounting                  principle |   |                                                                      | (5.0   | )                           |   |   |   |   | (4.6 | ) |   |   |   |
|                                                                                                |   |                                                                      |   |                        |   |   |   |   |   |   |   |   |   |
| Cumulative                  effect of a change in accounting principle (net of tax)                 |   |                                                                      | (0.8   | )                           |   |   |   |   | - |   |   |   |   |
|                                                                                                |   |                                                                      |   |                        |   |   |   |   |   |   |   |   |   |
| Net                  loss                                                                           |   | $                                                                         | (5.8   | )                           |   |   |   | $ | (4.6 | ) |   |   |   |
|                                                                                                |   |                                                                      |   |                        |   |   |   |   |   |   |   |   |   |
| Loss                  per share of common stock - basic and diluted:                                |   |                                                                      |   |                        |   |   |   |   |   |   |   |   |   |
|                                                                                                |   |                                                                      |   |                        |   |   |   |   |   |   |   |   |   |
| Loss                  before cumulative effect of a change in accounting                  principle |   | $                                                                         | (0.63  | )                           |   |   |   | $ | (0.59 | ) |   |   |   |
| Cumulative                  effect of a change in accounting principle                              |   |                                                                      | (0.10  | )                           |   |   |   |   | - |   |   |   |   |
| Net                  loss                                                                           |   | $                                                                         | (0.73  | )                           |   |   |   | $ | (0.59 | ) |   |   |   |
|                                                                                                |   |                                                                      |        |                        |   |   |   |   |  |   |   |   |   |

----

*Maintenance      Products Group*

*Electrical      Products Group*

|                                                          |   |  Three                  months ended March 31, |   |                      |   |         |   |                      |   |
|---------------------------------------------------------------|--------|-----------------------------------------------------|--------|---------------------------|--------|--------------|--------|---------------------------|--------|
|                                                          |   |  (Amounts                  in Millions)        |   |                      |   |         |   |                      |   |
| **Operating                  income (loss)**                  |   |  2006                                          |   |  2005                |   |  Change |   |
|                                                          |   |  $                                             |   | %                  Margin |   |  $      |   | %                  Margin |   |  $ |   | %                  Margin |   |
| Maintenance                  Products Group                   |   | $                                                   | 0.6    |                      |   | 0.9          |   | $                         | (4.1   | ) |   | (6.7 | ) | $ | 4.7 |   |   | 7.6 |   |
| Electrical                  Products Group                    |   |                                                | 0.1    |                      |   | 0.2          |   |                      | 2.9    |   |   | 8.6 |   |   | (2.8 | ) |   | (8.4 | ) |
| Unallocated                  corporate expense                |   |                                                | (3.1   | )                         |   |         |   |                      | (1.6   | ) |   |   |   |   | (1.5 | ) |   |   |   |
|                                                          |   |                                                | (2.4   | )                         |   | (2.9         | )      |                      | (2.8   | ) |   | (3.0 | ) |   | 0.4 |   |   | 0.1 |   |
|                                                          |   |                                                |   |                      |   |         |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Severance,                  restructuring and related charges |   |                                                | (0.8   | )                         |   |         |   |                      | (0.2   | ) |   |   |   |   | (0.6 | ) |   |   |   |
| Loss                  on sale of assets                       |   |                                                | (0.1   | )                         |   |         |   |                      | (0.2   | ) |   |   |   |   | 0.1 |   |   |   |   |
| Operating                  loss                               |   | $                                                   | (3.3   | )                         |   | (4.0         | )      | $                         | (3.2   | ) |   | (3.4 | ) | $ | (0.1 | ) |   | (0.6 | ) |
|                                                          |   |                                                |   |                      |   |         |   |                      |   |   |   |   |   |   |   |   |   |   |   |

*Maintenance      Products Group*

----

*Electrical      Products Group*

*Corporate*

*Severance,      Restructuring and Related Charges*

----

** **

----

----

*Minimum      Availability*

*Fixed      Charge Coverage Ratio*

*Capital      Expenditures*

*Leverage      Ratio*

*Balance      Sheet Classification of Borrowings Outstanding under Revolving Credit Agreements      that Include Both a Subjective Acceleration Clause and a Lock-Box      Arrangement*

----

| Contractual                Cash Obligations    |   |  Total |    |  Due                in less than 1 year |   |  Due                in 1-3 years |   |  Due                in 3-5 years |   | Due                after 5 years       |   |
|------------------------------------------------|--------|-------------|---------|----------------------------------------------|--------|---------------------------------------|--------|---------------------------------------|--------|----------------------------------------|--------|
| Revolving                credit facility [a]   |   | $           | 50,477  |                                         | $      | 50,477                                |   | $                                     | -      |                                   | $      | - |   | $ | - |   |
| Term                loans                      |   |        | 15,000  |                                         |   | 2,857                                 |   |                                  | 5,714  |                                   |   | 6,429 |   |   | - |   |
| Interest                on debt [b]            |   |        | 11,542  |                                         |   | 4,178                                 |   |                                  | 7,180  |                                   |   | 184 |   |   | - |   |
| Operating                leases [c]            |   |        | 27,655  |                                         |   | 7,840                                 |   |                                  | 13,468 |                                   |   | 5,088 |   |   | 1,259 |   |
| Severance                and restructuring [c] |   |        | 1,775   |                                         |   | 767                                   |   |                                  | 561    |                                   |   | 257 |   |   | 190 |   |
| SESCO                payable to Montenay [d]   |   |        | 2,750   |                                         |   | 1,100                                 |   |                                  | 1,650  |                                   |   | - |   |   | - |   |
| Postretirement                benefits [e]     |   |        | 6,058   |                                         |   | 824                                   |   |                                  | 1,555  |                                   |   | 1,409 |   |   | 2,270 |   |
| Total                Contractual Obligations   |   | $           | 115,257 |                                         | $      | 68,043                                |   | $                                     | 30,128 |                                   | $      | 13,367 |   | $ | 3,719 |   |
|                                           |   |        |    |                                         |   |                                  |   |                                  |   |                                   |   |   |   |   |   |   |
|                                           |   |        |    |                                         |   |                                  |   |                                  |   |                                   |   |   |   |   |   |   |
| Other                Commercial Commitments    |   |  Total |    |  Due                in less than 1 year |   |  Due                in 1-3 years |   |  Due                in 3-5 years |   |  Due                after 5 years |   |
| Commercial                letters of credit    |   | $           | 865     |                                         | $      | 865                                   |   | $                                     | -      |                                   | $      | - |   | $ | - |   |
| Stand-by                letters of credit      |   |        | 7,489   |                                         |   | 7,489                                 |   |                                  | -      |                                   |   | - |   |   | - |   |
| Guarantees                [f]                  |   |        | 15,300  |                                         |   | 15,300                                |   |                                  | -      |                                   |   | - |   |   | - |   |
| Total                Commercial Commitments    |   | $           | 23,654  |                                         | $      | 23,654                                |   | $                                     | -      |                                   | $      | - |   | $ | - |   |
|                                           |   |        |    |                                         |   |                                  |   |                                  |   |                                   |   |   |   |   |   |   |

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*Operating      Activities*

** **
** **

*Investing      Activities*

** **

*Financing      Activities*

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|                                                                              |   |  Three                  Months Ended March 31, |   |
|-----------------------------------------------------------------------------------|--------|-----------------------------------------------------|--------|
|                                                                              |   |                                                | 2006   |   |   | 2005 |   |
| Consolidation                  of St. Louis manufacturing/distribution facilities |   | $                                                   | 699    |   | $ | 55 |   |
| Consolidation                  of Glit facilities                                 |   |                                                | -      |   |   | 115 |   |
| Consolidation                  of administrative functions for CCP                |   |                                                | -      |   |   | 21 |   |
| Shutdown                  of Woods Canada manufacturing                           |   |                                                | -      |   |   | (19 | ) |
| Corporate                  office relocation                                      |   |                                                | 83     |   |   | - |   |
| Total                  severance, restructuring and related charges               |   | $                                                   | 782    |   | $ | 172 |   |
|                                                                              |   |                                                |   |   |   |   |   |

|                                             |   |  Total                  Expected Cost  |   |  Total                  Provision to Date |   |
|---------------------------------------------|--------|--------------------------------------------------|--------|------------------------------------------------|--------|
|                                        |   |                                             |   |                                           |   |   |   |
| Maintenance                  Products Group |   | $                                                | 21,942 |                                           | $      | 21,692 |   |
| Electrical                  Products Group  |   |                                             | 12,776 |                                           |   | 12,776 |   |
| Corporate                                   |   |                                             | 12,323 |                                           |   | 12,156 |   |
|                                        |   | $                                                | 47,041 |                                           | $      | 46,624 |   |
|                                        |   |                                             |   |                                           |   |   |   |

|                                                             |   |        |   |                                |  One-time    |                             |  Contract    |   |
|------------------------------------------------------------------|--------|-------------|--------|-------------------------------------|-------------------|----------------------------------|-------------------|--------|
|                                                             |   |        |   |                                |  Termination |                             |  Termination |   |
|                                                             |   |  Total |   |  Benefits                  [a] |              |  Costs                  [b] |              |
| Restructuring                  liabilities at December 31, 2005  |   | $           | 3,419  |                                | $                 | 432                              |              | $      | 2,987 |   |
|   Additions                                            |   |        | 782    |                                |              | 83                               |              |   | 699 |   |
|   Payments                                             |   |        | (629   | )                                   |              | (360                             | )                 |   | (269 | ) |
| Restructuring                  liabilities at March 31, 2006 [c] |   | $           | 3,572  |                                | $                 | 155                              |              | $      | 3,417 |   |
|                                                             |   |        |   |                                |              |                             |              |   |  |   |

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*Accounting      for the Impairment or Disposal of Long - Lived Assets*

** **

----

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| -   | Increases                in the cost of, or in some cases continuation of, the current price                levels                of plastic resins, copper, paper board packaging, and other raw                materials. |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | Our                inability to reduce product costs, including manufacturing, sourcing,                freight, and other product costs. |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------|

| -   | Greater                reliance on third parties for our finished goods as we increase the                portion of our manufacturing that is outsourced. |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | Our                inability to reduce administrative costs through consolidation of                functions and systems improvements. |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------|

| -   | Our                inability to execute our systems integration plan. |
|---------------|-----------------------------------------------------------------------|

| -   | Our                inability to successfully integrate our operations as a result of                the                facility consolidations. |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | Our                inability to sub-lease rented facilities which have been abandoned                as a                result of consolidation and restructuring                initiatives. |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | Our                inability to achieve product price increases, especially as they                relate to                potentially higher raw material                costs. |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | The                potential impact of losing lines of business at large mass merchant                retailers in the discount and do-it-yourself                markets. |
|---------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | Competition                from foreign competitors. |
|---------------|------------------------------------------------------|

| -   | The                potential impact of rising interest rates on our LIBOR-based Bank                of                America Credit Agreement. |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | Our                inability to meet covenants associated with the Bank of America Credit                Agreement. |
|---------------|---------------------------------------------------------------------------------------------------------------------|

| -   | The                potential impact of rising costs for insurance for properties and                various                forms of liabilities. |
|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | The                potential impact of changes in foreign currency exchange rates related                to                our foreign operations. |
|---------------|----------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | Labor                issues, including union activities that require an increase in production                costs or lead to a strike, thus impairing production and decreasing                sales.                We are also subject to labor relations issues at entities involved                in our                supply chain, including both suppliers and those involved in                transportation and shipping. |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | Changes                in significant laws and government regulations affecting environmental                compliance and income taxes. |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------|

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*Share-Based      Payment*

----

** **

| (a)   | Evaluation                of Disclosure Controls and                Procedures |
|-----------------|--------------------------------------------------------------------------------|

| (b)   | Change                in Internal Controls |
|-----------------|--------------------------------------------|

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| ·   | Implementation                of short term corrective actions in shipping and receiving                -                Revised shipping, receiving, physical inventory, period end cut-off                and                returned goods procedures have been issued. Training to reinforce                the                importance of the physical verification was provided to all appropriate                material handlers. Products loaded for shipment are now verified                against                system generated bill of ladings. A receiving log was implemented                in the                first quarter of 2005 and is reviewed at least weekly by the distribution                manager. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Establishment                of improved interim recording of raw material usage - The shop floor                module in PRMS (the facility’s ERP system) was activated on July 1, 2005.                Large raw material variances are now reviewed and/or isolated by                work                order to allow bill of material (“BOM”) corrections as required.                Miscellaneous inventory transactions are being downloaded and reviewed                at                least weekly by cost accounting. A supplemental system was also                re-implemented to allow the daily review of costed non-woven production                runs to identify process or material variances. The output of this                system                yields a daily cost per yard of non-woven material produced, as well                as an                average cost per yard over multiple batches/runs. This information                was                used as a reference point and allowed material cost verifications                with                PRMS formula BOMs. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Reestablishment                of a monthly physical inventory until the PRMS perpetual inventory                process                is re-implemented - This location’s monthly physical inventory was                reinstituted for the February 2005 accounting close. We continue                taking a                monthly physical inventory throughout the remaining part of 2005                and into                2006. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Establishment                of security measures to mitigate the risk of theft - All employees                were issued parking permits to help identify on-site traffic of                non-employees. A security camera system was installed and became                operational in June 2005. Cameras provide monitoring of key plant                areas by                both security personnel and key                managers. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Improvement                in bill of material and routing accuracy - In July 2005, a BOM                accuracy project was completed which encompassed the review of the                most                significant BOMs across all product lines. Efforts are now ongoing                to                review remaining BOMs, prioritizing based on sales volumes and comparative                analysis with other BOMs of like material/sizes. All remaining significant                BOMs, based on volume levels, were updated by February 1,                2006. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Proper                staffing and planning of PRMS re-implementation - The PRMS                re-implementation was completed at the end of July 2005. The Material                Planning and Scheduling module of PRMS was completed in the fourth                quarter                of 2005. The total re-implementation was facilitated by a consultant                with                expertise with both PRMS and ERP system implementation across varied                industries. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Establishment                of procedures for production reporting and inventory transactions -                Detailed procedures for reporting of production in PRMS have been                issued.                The implementation of scanning for inventory transactions                was completed in August and documented procedures were completed                in                September, 2005. Any additional procedures will be finalized and                documented when they are validated. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | Activation                of PRMS production and inventory system - The system was fully                activated on February 1, 2006 which allows the accumulation and reporting                of transactions, maintenance of perpetual inventory records, and                the                calculation of standard cost and related variances. The system will                continue to operate in parallel with the monthly physical inventory                until                all significant variances will be identified and                corrected. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | 31.1 | CEO                  Certification pursuant to Securities Exchange Act Rule 13a-14,                  as adopted                  pursuant to Section 302 of the Sarbanes-Oxley Act of                  2002. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 31.2 | CFO                  Certification pursuant to Securities Exchange Act Rule 13a-14,                  as adopted                  pursuant to Section 302 of the Sarbanes-Oxley Act of                  2002. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.1 | CEO                  Certification required by 18 U.S.C. Section 1350, as adopted pursuant                  to                  Section 906 of the Sarbanes-Oxley Act of 2002. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.2 | CFO                  Certification required by 18 U.S.C. Section 1350, as adopted pursuant                  to                  Section 906 of the Sarbanes-Oxley Act of 2002. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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