Results of Operations and Financial Condition

On February 11, 2013, the Company reported a net loss from continuing operations, excluding certain nonrecurring items, of $1.5 million, or $0.03 per share, for the fourth quarter ended December 31, 2012, as compared with net earnings, excluding certain nonrecurring items, of $2.5 million, or $0.05 per diluted share, for the fourth quarter of 2011. Net sales for the fourth quarter decreased to $190.9 million from $203.0 million in 2011.

The Company also reported net earnings from continuing operations, excluding certain nonrecurring items, of $10.8 million, or $0.22 per share, for the fiscal year ended December 31, 2012, as compared with net earnings, excluding certain nonrecurring items, of $16.1 million, or $0.33 per diluted share, for the 2011 fiscal year.

A copy of the news release is furnished as Exhibit 99.1 to this report.*