SUBSEQUENT EVENTS

6 Months Ended

Mar. 24, 2012

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

J.             SUBSEQUENT EVENTS

In April 2012, the Company further consolidated its one-color operations by transferring work from its Westford, Massachusetts facility to its Kendallville, Indiana facility, which had redundant one-color capacity. Severance and other cash related costs associated with the workforce reduction are expected to be approximately $350,000 in the Company’s third quarter.

On April 19, 2012, the Company announced the approval by its Board of Directors for the repurchase of up to $10 million of the Company’s outstanding common stock from time to time on the open market or in privately negotiated transactions.  Such repurchases may be made pursuant to a Rule 10b5-1 nondiscretionary trading plan. This stock repurchase authorization is effective for a period of twelve months.