10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 29, 2012

Commission file number 1-12551

CENVEO, INC.

(Exact name of Registrant as specified in its charter.)

COLORADO	84-1250533
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
ONE CANTERBURY GREEN 201 BROAD STREET
STAMFORD, CT	06901
(Address of principal executive offices)	(Zip Code)
203-595-3000
(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yesý  Noo

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes ý  No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer”, and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filero   Accelerated filerý  Non-accelerated fileroSmaller reporting companyo

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o  No ý

As of November 6, 2012 the registrant had 63,762,268 shares of common stock outstanding.

CENVEO, INC. AND SUBSIDIARIES

INDEX TO QUARTERLY REPORT ON FORM 10-Q

For the quarterly period ended September 29, 2012

PART I — FINANCIAL INFORMATION		Page No.
Item 1:	Financial Statements (unaudited)
	Condensed Consolidated Balance Sheets as of September 29, 2012 and December 31, 2011	2
	Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the three and nine months ended September 29, 2012 and October 1, 2011	3
	Condensed Consolidated Statements of Cash Flows for the nine months ended September 29, 2012 and October 1, 2011	4
	Notes to Condensed Consolidated Financial Statements	5
Item 2:	Management’s Discussion and Analysis of Financial Condition and Results of Operations	32
Item 3:	Quantitative and Qualitative Disclosure About Market Risk	45
Item 4:	Controls and Procedures	45
PART II — OTHER INFORMATION
Item 1:	Legal Proceedings	46
Item 1A:	Risk Factors	46
Item 6:	Exhibits	47
	Signatures	53

1

PART I. FINANCIAL INFORMATION

Item 1.   Financial Statements

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands)
	September 29, 2012			December 31, 2011
	(unaudited)
Assets
Current assets:
Cash and cash equivalents	$	10,335		$	17,753
Accounts receivable, net	278,305			288,483
Inventories	131,769			133,796
Prepaid and other current assets	69,878			72,742
Assets of discontinued operations - current	—			22,956
Total current assets	490,287			535,730
Property, plant and equipment, net	290,794			328,567
Goodwill	191,715			190,822
Other intangible assets, net	215,496			223,563
Other assets, net	91,274			79,490
Assets of discontinued operations - long-term	—			27,416
Total assets	$	1,279,566		$	1,385,588
Liabilities and Shareholders’ Deficit
Current liabilities:
Current maturities of long-term debt	$	11,151		$	8,809
Accounts payable	179,779			186,648
Accrued compensation and related liabilities	28,776			39,155
Other current liabilities	76,904			95,907
Liabilities of discontinued operations - current	—			5,346
Total current liabilities	296,610			335,865
Long-term debt	1,205,715			1,237,534
Other liabilities	176,724			185,419
Liabilities of discontinued operations - long-term	—			8,474
Commitments and contingencies
Shareholders’ deficit:
Preferred stock	—			—
Common stock	638			633
Paid-in capital	354,096			350,390
Retained deficit	(695,991		)	(672,847		)
Accumulated other comprehensive loss	(58,226		)	(59,880		)
Total shareholders’ deficit	(399,483		)	(381,704		)
Total liabilities and shareholders’ deficit	$	1,279,566		$	1,385,588

See notes to condensed consolidated financial statements.

2

CENVEO, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

(in thousands, except per share data)

(unaudited)

	Three Months Ended						Nine Months Ended
	September 29, 2012			October 1, 2011			September 29, 2012			October 1, 2011
Net sales	$	451,274		$	475,835		$	1,345,764		$	1,422,705
Cost of sales	364,125			381,766			1,096,476			1,157,155
Selling, general and administrative expenses	45,424			53,573			140,766			165,059
Amortization of intangible assets	2,547			2,586			7,756			7,752
Restructuring, impairment and other charges	4,190			4,685			22,566			13,977
Operating income	34,988			33,225			78,200			78,762
Gain on bargain purchase	—			(641		)	—			(11,720		)
Interest expense, net	28,926			28,435			85,574			88,064
Loss on early extinguishment of debt, net	25			—			11,439			—
Other expense (income), net	491			(904		)	(327		)	(567		)
Income (loss) from continuing operations before income taxes	5,546			6,335			(18,486		)	2,985
Income tax expense (benefit)	888			5,061			(598		)	2,250
Income (loss) from continuing operations	4,658			1,274			(17,888		)	735
(Loss) income from discontinued operations, net of taxes	(183		)	1,531			(5,256		)	5,228
Net income (loss)	4,475			2,805			(23,144		)	5,963
Other comprehensive income (loss):
Reclassifications of losses related to interest rate swaps into earnings, net of taxes	—			—			—			1,792
Currency translation adjustment	2,412			(5,146		)	1,654			(3,745		)
Comprehensive (loss) income	$	6,887		$	(2,341	)	$	(21,490	)	$	4,010
Income (loss) per share – basic:
Continuing operations	$	0.07		$	0.02		$	(0.28	)	$	0.01
Discontinued operations	—			0.02			(0.08		)	0.08
Net income (loss)	$	0.07		$	0.04		$	(0.36	)	$	0.09
Income (loss) per share – diluted:
Continuing operations	$	0.06		$	0.02		$	(0.28	)	$	0.01
Discontinued operations	—			0.02			(0.08		)	0.08
Net income (loss)	$	0.06		$	0.04		$	(0.36	)	$	0.09
Weighted average shares outstanding:
Basic	63,624			63,068			63,502			62,891
Diluted	84,544			63,197			63,502			63,157

See notes to condensed consolidated financial statements.

3

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited)
	For The Nine Months Ended
	September 29, 2012			October 1, 2011
Cash flows from operating activities:
Net (loss) income	$	(23,144	)	$	5,963
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Loss on sale of discontinued operations, net of taxes	5,411			—
Income from discontinued operations, net of taxes	(155		)	(5,228		)
Depreciation and amortization, excluding non-cash interest expense	46,461			48,054
Non-cash interest expense, net	5,796			4,100
Deferred income taxes	(2,796		)	2,469
(Gain) loss on sale of assets	(1,296		)	318
Non-cash restructuring, impairment and other charges, net	10,801			3,209
Gain on bargain purchase	—			(11,720		)
Loss on early extinguishment of debt, net	11,439			—
Stock-based compensation provision	4,445			7,129
Other non-cash charges	3,800			4,723
Changes in operating assets and liabilities, excluding the effects of acquired businesses:
Accounts receivable	9,775			(13,015		)
Inventories	(636		)	8,924
Accounts payable and accrued compensation and related liabilities	(14,659		)	10,120
Other working capital changes	(19,181		)	(15,266		)
Other, net	(12,650		)	(18,502		)
Net cash provided by operating activities of continuing operations	23,411			31,278
Net cash (used in) provided by operating activities of discontinued operations	(4,733		)	7,603
Net cash provided by operating activities	18,678			38,881
Cash flows from investing activities:
Cost of business acquisitions, net of cash acquired	(644		)	(59,719		)
Capital expenditures	(15,637		)	(10,798		)
Proceeds from sale of property, plant and equipment	2,333			10,989
Proceeds from sale of intangible asset	1,700			—
Net cash used in investing activities of continuing operations	(12,248		)	(59,528		)
Net cash provided by (used in) investing activities of discontinued operations	39,921			(419		)
Net cash provided by (used in) investing activities	27,673			(59,947		)
Cash flows from financing activities:
Repayment of 10.5% senior notes	(169,875		)	—
Repayment of 7.875% senior subordinated notes	(196,088		)	—
Borrowings (repayment) of Term Loan B due 2016	17,987			(2,850		)
Repayment of 8.375% senior subordinated notes	(24,787		)	—
Payment of financing related costs and expenses and debt issuance discounts	(32,335		)	—
Repayments of other long-term debt	(3,499		)	(4,505		)
Retirement of common stock upon vesting of RSUs	(734		)	(1,283		)
Proceeds from issuance of 11.5% senior notes	225,000			—
Proceeds from issuance of 7% senior exchangeable notes	86,250			—
Borrowings under revolving credit facility, net	45,550			—
Proceeds from exercise of stock options	—			350
Net cash used in financing activities of continuing operations	(52,531		)	(8,288		)
Net cash used in financing activities of discontinued operations	(1,652		)	—
Net cash used in financing activities	(54,183		)	(8,288		)
Effect of exchange rate changes on cash and cash equivalents	414			1,175
Net decrease in cash and cash equivalents	(7,418		)	(28,179		)
Cash and cash equivalents at beginning of period	17,753			49,756
Cash and cash equivalents at end of period	$	10,335		$	21,577

See notes to condensed consolidated financial statements.

4

CENVEO, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

1. Basis of Presentation

The accompanying unaudited condensed consolidated financial statements (“financial statements”) of Cenveo, Inc. and its subsidiaries (collectively, “Cenveo” or the “Company”) have been prepared in accordance with Rule 10-01 of Regulation S-X promulgated by the Securities and Exchange Commission (“SEC”) and, in the Company’s opinion, include all adjustments, consisting of normal recurring accruals, necessary for a fair presentation of financial position as of September 29, 2012, and the results of operations and cash flows as of and for the three and nine months ended September 29, 2012 and October 1, 2011. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to SEC rules. The results of operations for the three and nine months ended September 29, 2012 are generally not indicative of the results to be expected for any interim period or for the full year, primarily due to seasonality and restructuring, acquisition and debt related activities or transactions. The December 31, 2011 consolidated balance sheet has been derived from the audited consolidated financial statements at that date. These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2011 filed with the SEC.

It is the Company’s practice to close its fiscal quarters on the Saturday closest to the last day of the calendar quarter. The reporting periods for the three and nine months ended September 29, 2012 and October 1, 2011, each consisted of 13 weeks and 39 weeks, respectively.

In 2011, the Company began exploring opportunities to divest certain non-strategic or underperforming businesses within its manufacturing platform. As a result, beginning in the fourth quarter of 2011, the financial results of the Company's documents and forms business as well as the Company's wide-format papers business have been accounted for as discontinued operations (collectively the “Discontinued Operations”) resulting in the Company's historical consolidated balance sheets, statements of operations and comprehensive income (loss) ("statement of operations") and statements of cash flows being reclassified to reflect these discontinued operations separately from the Company's continuing operations for all periods presented. Effective January 1, 2012, the Company realigned operating responsibilities. In connection with this change in management reporting and strategy, the Company realigned its reportable segments, resulting in the prior year disclosure being updated to reflect current year presentation.

New Accounting Pronouncements

Effective January 1, 2012, the Company adopted an accounting pronouncement relating to the presentation of comprehensive income. This pronouncement requires the presentation of comprehensive income in either: (i) a continuous statement of comprehensive income or (ii) two separate, but consecutive statements. The adoption of this pronouncement does impact the Company's financial statement presentation, is applied retrospectively, and did not have a material impact on the Company's condensed consolidated financial statements.

Effective January 1, 2012, the Company adopted an accounting pronouncement to update the testing of goodwill for impairment.  This pronouncement provides companies with the option of performing a qualitative assessment before calculating the fair value of a reporting unit in step one of its goodwill impairment test. If a company determines, on the basis of qualitative factors, the fair value of a reporting unit is more likely than not to be less than the carrying amount, the two-step impairment test would be required to be performed. Otherwise, further impairment testing would not be needed. The Company performs its goodwill impairment testing in the fourth quarter of each fiscal year. The adoption of this pronouncement is not expected to have a material impact on the Company's condensed consolidated financial statements.

Effective July 27, 2012, the Company adopted an accounting pronouncement to update the testing of indefinite-lived intangible assets, other than goodwill, for impairment. This pronouncement provides companies with the option of performing a qualitative assessment before calculating the fair value of the asset in step one of its impairment test. Although this accounting pronouncement revises the examples of events and circumstances that an entity should consider in interim periods, it does not revise the requirements to test: (i) indefinite-lived intangible assets annually for impairment, and (ii) between annual tests if there are changes in events or circumstances. The Company performs its indefinite-lived intangible assets testing in the fourth quarter of each fiscal year. The adoption of this pronouncement is not expected to have a material impact on the Company's condensed consolidated financial statements.

5

CENVEO, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

2. Acquisitions

The Company accounts for business combinations under the provisions of the Business Combination Topic of the Financial Accounting Standards Board’s Accounting Standards Codification (“ASC”) 805.  Acquisitions are accounted for by the purchase method, and accordingly, the assets and liabilities of the acquired businesses have been recorded at their estimated fair value on the acquisition date with the excess of the purchase price over their estimated fair value recorded as goodwill. In the event the estimated fair value of the assets and liabilities acquired exceeds the purchase price paid, a bargain purchase gain is recorded in the condensed consolidated statement of operations.

Acquisition-related costs are expensed as incurred. Acquisition-related including integration costs, are included in selling, general and administrative expenses in the Company’s condensed consolidated statement of operations and were $0.7 million and $0.8 million for the three months ended September 29, 2012 and October 1, 2011, respectively, and $1.1 million and $4.9 million for the nine months ended September 29, 2012 and October 1, 2011, respectively.

2011

Nesbitt

On August 1, 2011, the Company acquired essentially all of the assets of Nesbitt Graphics, Inc. ("Nesbitt"), which had annual net sales of approximately $5.6 million prior to the acquisition by the Company. Nesbitt is a niche content management business that focuses on high end book content development and project management offerings and was acquired to further enhance the Company's content management operations. The total purchase price was approximately $5.6 million, and was allocated to the tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values at their acquisition date. The changes from the Company's original purchase price allocation primarily relates to changes in working capital settlements from the acquisition date. The Nesbitt acquisition resulted in $2.0 million of goodwill, all of which is deductible for income tax purposes, and was assigned to the Company's print and envelope segment. The Company believes that the recognized goodwill related to Nesbitt is due to expected synergies and a reasonable market premium. The acquired identifiable intangible assets relate to customer relationships of $1.4 million, which are being amortized over their estimated useful life of 10 years.

Nesbitt’s results of operations and cash flows are included in the Company’s condensed consolidated statements of operations and cash flows from August 1, 2011. Pro forma results for the three and nine months ended October 1, 2011, assuming the acquisition of Nesbitt had been made on January 3, 2010, have not been presented since the effect would not be material.

Envelope Product Group

On February 1, 2011, the Company acquired the assets of MeadWestvaco Corporation's Envelope Product Group ("EPG"). EPG manufactures and distributes envelope products for the billing, financial, direct mail and office products markets and had approximately 900 employees, all of which were located in the United States. Prior to the acquisition, EPG had annual net sales of approximately $240 million. The Company believes EPG will further strengthen its existing envelope operations and will provide for manufacturing efficiencies given EPG's unique asset base and geographic overlap of facilities that exists between EPG and the Company's existing envelope operations. EPG was assigned to the Company's print and envelope segment. The purchase price was approximately $55.2 million and was allocated to the tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values at the acquisition date. The EPG acquisition resulted in a bargain purchase gain of approximately $11.7 million, which was recognized in the Company's condensed consolidated statement of operations. Prior to the recognition of the bargain purchase gain, the Company reassessed the fair value of the tangible and identifiable intangible assets acquired and liabilities assumed in the acquisition. The Company believes it was able to acquire EPG for less than the fair value of its net assets due to its operating results prior to the Company's acquisition and given its parent company's desire to exit a non-core business. The acquired identifiable intangible assets relate to: (i) a trade name of $1.0 million, which is being amortized over its estimated useful life of 10 years and (ii) a patent of $0.5 million, which is being amortized over its estimated useful life of 15 years.

6

CENVEO, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

Purchase Price Allocation

The following table summarizes the allocation of the purchase price of EPG to the assets acquired and liabilities assumed in the acquisition as of February 1, 2011 (in thousands):

	Original		Adjustments			Adjusted
Accounts receivable, net	$	29,817	$	—		$	29,817
Inventories	21,352		541			21,893
Prepaid and other current assets	386		—			386
Property, plant and equipment, net	37,982		406			38,388
Other intangible assets, net	1,500		—			1,500
Other assets, net	2,240		—			2,240
Total assets acquired	93,277		947			94,224
Current liabilities	25,340		243			25,583
Other liabilities	1,763		—			1,763
Total liabilities assumed	27,103		243			27,346
Net assets acquired	66,174		704			66,878
Cost of EPG acquisition	55,635		(477		)	55,158
Gain on bargain purchase of EPG	$	10,539	$	1,181		$	11,720

The changes from the Company's original purchase price allocation primarily relate to inventory fair value of $0.5 million, revisions to property, plant and equipment valuations of $0.4 million and adjustments to certain accruals of $0.2 million to present them at their estimated fair value. The Company finalized its purchase price allocation during the fourth quarter of 2011.

The fair values of property, plant and equipment and intangible assets associated with the EPG acquisition were determined to be Level 3 under the fair value hierarchy. Property, plant and equipment values were estimated based on discussions with machinery and equipment brokers, internal expertise related to the equipment and current marketplace conditions. The trade name and patent intangible assets were valued using a relief from royalty method based on future estimated revenues. The inputs used in the relief from royalty method include discount rates based on a weighted average cost of capital, growth and relief from royalty rates as well as an obsolescence factor.

EPG's results of operations and cash flows are included in the Company's condensed consolidated statements of operations and cash flows from February 1, 2011. As a result of the Company's integration of EPG into the Company's existing envelope operations, it is impracticable to disclose the amounts of revenues and earnings of EPG since the acquisition date.

Unaudited Pro Forma Financial Information

The following supplemental pro forma consolidated summary financial information of the Company for the nine months ended October 1, 2011 presented herein have been prepared by adjusting the historical data as set forth in its condensed consolidated statements of operations to give effect to the EPG acquisition as if it had been made as of January 3, 2010 (in thousands, except per share amounts):

7

CENVEO, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

	Nine Months Ended October 1, 2011
	As Reported		Pro Forma
Net sales	$	1,422,705	$	1,443,487
Operating income	78,762		83,526
Income (loss) from continuing operations	735		(3,497		)
Net income (loss)	5,963		1,731
Income (loss) per share – basic and diluted:
Continuing operations	$	0.01	$	(0.05	)
Discontinued operations	0.08		0.08
Net income	$	0.09	$	0.03
Weighted average shares outstanding:
Basic	62,891		62,891
Diluted	63,157		62,891

The supplemental pro forma consolidated summary financial information is presented for comparative purposes only and does not purport to be indicative of the Company’s actual condensed consolidated results of operations had the EPG acquisition actually been consummated as of the beginning of the period noted above or of the Company’s expected future results of operations. The adjustments related to the EPG acquisition supplemental pro forma consolidated summary financial information above include the elimination of sales between the Company and EPG, removal of acquisition related expenses and bargain purchase gain related to the acquisition, an estimate of the interest expense related to the increased debt resulting from the EPG acquisition and an adjustment to the statutory income tax rate. In addition, the Company has performed its assessment of the purchase price allocation by identifying intangible assets and estimating the fair value of intangible and tangible assets, including a trade name, patent and property, plant and equipment for which pro forma adjustments have been made to depreciation and amortization expense related to these estimated fair values.

3. Discontinued Operations

On February 10, 2012, the Company completed the sale of its documents and forms business ("Documents Group"). Net cash proceeds were approximately $35.5 million. The original sale price of $40.0 million was subject to customary working capital settlement negotiations, which were completed during the three months ended September 29, 2012, pursuant to the purchase and sale agreement. The operating results of the Documents Group, are reported in discontinued operations in the Company's financial statements for all periods presented herein.

On January 27, 2012, the Company completed the sale of its wide format business, for cash proceeds of approximately $4.7 million. The operating results of the wide-format business, are reported in discontinued operations in the Company's financial statements for all periods presented herein.

The following table shows the components of assets and liabilities that are classified as discontinued operations in the Company's consolidated balance sheet as of December 31, 2011 (in thousands):

8

CENVEO, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

	December 31, 2011
Accounts receivable, net	$	7,647
Inventories	14,356
Prepaid and other current assets	953
Assets of discontinued operations - current	22,956
Property, plant and equipment, net	10,273
Other assets, net (1)	17,143
Assets of discontinued operations - long-term	27,416
Accounts payable	4,352
Accrued compensation and related liabilities	548
Other current liabilities	446
Liabilities of discontinued operations - current	5,346
Liabilities of discontinued operations - long-term	8,474
Net assets	$	36,552

⁽¹⁾ Includes $2.8 million of goodwill and $14.3 million of intangible assets at December 31, 2011.

The following table summarizes certain statement of operations information for discontinued operations (in thousands):

	Three Months Ended					Nine Months Ended
	September 29, 2012			October 1, 2011		September 29, 2012			October 1, 2011
Net sales	$	—		$	24,717	$	9,190		$	76,111
(Loss) income from discontinued operations before income taxes	(150		)	2,479		250			8,482
Income tax (benefit) expense on discontinued operations	(59		)	948		95			3,254
Loss on sale of discontinued operations, net of taxes of $0.1 million and $3.4 million, respectively	(92		)	—		(5,411		)	—
(Loss) income from discontinued operations, net of taxes	$	(183	)	$	1,531	$	(5,256	)	$	5,228
Income (loss) per share - basic and diluted	$	—		$	0.02	$	(0.08	)	$	0.08

Income (loss) from discontinued operations, net of taxes for the nine months ended September 29, 2012 also includes the reduction of a liability of $1.8 million, net of tax expense of $1.2 million, due to the expiration of certain statutes of limitations related to a previous divestiture.

9

CENVEO, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

4. Inventories

Inventories by major category are as follows (in thousands):

	September 29, 2012		December 31, 2011
Raw materials	$	50,928	$	49,236
Work in process	20,330		20,968
Finished goods	60,511		63,592
	$	131,769	$	133,796

5. Property, Plant and Equipment

Property, plant and equipment are as follows (in thousands):

	September 29, 2012			December 31, 2011
Land and land improvements	$	17,538		$	20,276
Buildings and building improvements	105,542			111,498
Machinery and equipment	593,534			600,066
Furniture and fixtures	11,232			10,453
Construction in progress	7,093			4,840
	734,939			747,133
Accumulated depreciation	(444,145		)	(418,566		)
	$	290,794		$	328,567

Assets Held for Sale

In connection with the Company’s cost savings, restructuring and integration plans, there are currently two owned properties that are available for sale, which relate to the Company’s print and envelope segment. The Company has recorded the related assets as available for sale in other assets, net on its condensed consolidated balance sheet and has presented them at their fair value less estimated cost to sell, which is approximately $5.9 million and approximates fair value.

In the first nine months of 2012, the Company sold one manufacturing facility, which related to its print and envelope segment and was classified as available for sale, for net proceeds of $1.4 million. These assets were recorded at their fair value less estimated cost to sell in the first quarter of 2012.

In the first nine months of 2011, the Company sold four manufacturing facilities, two of which related to its label and packaging segment and two of which related to its print and envelope segment, all of which were classified as available for sale, for net proceeds of $9.6 million and it also sold certain manufacturing assets for net proceeds of $1.0 million. These assets were recorded at their fair value less estimated cost to sell in the fourth quarter of 2010.

10

CENVEO, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

6. Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill as of September 29, 2012 and December 31, 2011 by reportable segment are as follows (in thousands):

	Print and Envelope		Label and Packaging		Total
Balance as of December 31, 2011	$	78,857	$	111,965	$	190,822
Acquisitions, net	644		—		644
Foreign currency translation	249		—		249
Balance as of September 29, 2012	$	79,750	$	111,965	$	191,715

Other intangible assets are as follows (in thousands):

		September 29, 2012										December 31, 2011
	Weighted Average Remaining Amortization Period (Years)	Gross Carrying Amount		Accumulated Impairment Charges			Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Impairment Charges			Accumulated Amortization			Net Carrying Amount
Intangible assets with determinable lives:
Customer relationships	11	$	166,715	$	(27,234	)	$	(61,600	)	$	77,881	$	166,652	$	(27,234	)	$	(54,911	)	$	84,507
Trademarks and trade names	23	23,482		—			(6,361		)	17,121		23,481		—			(5,620		)	17,861
Patents	9	3,528		—			(2,789		)	739		3,528		—			(2,583		)	945
Non-compete agreements		510		—			(495		)	15		510		—			(439		)	71
Other		—		—			—			—		600		—			(161		)	439
Subtotal	13	194,235		(27,234		)	(71,245		)	95,756		194,771		(27,234		)	(63,714		)	103,823
Intangible assets with indefinite lives:
Trademarks		141,740		(22,000		)	—			119,740		141,740		(22,000		)	—			119,740
Total		$	335,975	$	(49,234	)	$	(71,245	)	$	215,496	$	336,511	$	(49,234	)	$	(63,714	)	$	223,563

Annual amortization expense of intangible assets for the next five years is estimated to be as follows (in thousands):

	Annual Estimated  Expense
2012	$	10,043
2013	9,760
2014	9,631
2015	8,464
2016	7,243

Sale of Intangible Asset

In the first nine months of 2012, the Company received proceeds of $1.7 million related to the buyout of a royalty

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

agreement by a third party. Prior to its sale, the royalty agreement was accounted for as an intangible asset in the Company's condensed consolidated balance sheet. As a result of this transaction, the Company recorded a gain of $1.3 million in other (income) expense, net in its condensed consolidated statement of operations.

7. Long-Term Debt

Long-term debt is as follows (in thousands):

	September 29, 2012			December 31, 2011
Revolving credit facility, due 2014	$	45,550		$	—
7.875% senior subordinated notes, due 2013	86,621			284,878
8.375% senior subordinated notes, due 2014 ($25.2 million outstanding principal amount as of December 31, 2011)	—			25,424
Term Loan B, due 2016 ($374.2 million and $356.2 million outstanding principal amount as of September 29, 2012 and December 31, 2011, respectively)	371,371			353,033
10.5% senior notes, due 2016	—			170,000
7% senior exchangeable notes, due 2017	86,250			—
11.5% senior notes, due 2017 ($225.0 million outstanding principal amount as of September 29, 2012)	217,353			—
8.875% senior second lien notes, due 2018 ($400.0 million outstanding principal amount as of September 29, 2012 and December 31, 2011)	397,924			397,704
Other debt including capital leases	11,797			15,304
	1,216,866			1,246,343
Less current maturities	(11,151		)	(8,809		)
Long-term debt	$	1,205,715		$	1,237,534

The estimated fair value of the Company’s long-term debt was approximately $1.2 billion as of September 29, 2012 and $1.1 billion as of December 31, 2011. The fair value was determined by the Company to be Level 2 under the fair value hierarchy and was based upon review of observable pricing in secondary markets for each debt instrument.

As of September 29, 2012, the Company was in compliance with all debt agreement covenants.

Term Loan Add-On and Add-On Amendment

On June 8, 2012, the Company issued $65 million aggregate principal amount of additional term loans (the “Term Loan Add-On”) under its senior secured credit agreement, which includes a $170 million revolving credit facility due 2014 (the "2010 Revolving Credit Facility") and a $380 million term loan due 2016 (the "Term Loan B") (collectively with the Term Loan Add-On and 2010 Revolving Credit Facility, the “2010 Credit Facilities”). The Term Loan Add-On was issued at a discount of approximately $0.7 million. Concurrently with the Term Loan Add-On, the Company amended the 2010 Credit Facilities (the “Add-On Amendment”) to allow for the repurchase of up to $135 million of its 7.875% senior subordinated notes due 2013 (the “7.875% Notes”), subject to maintaining certain liquidity thresholds and other customary conditions. The Company capitalized debt issuance costs of $1.8 million, which will be amortized over the remaining life of the 2010 Credit Facilities. Consenting lenders received $2.0 million for the Add-On Amendment, of which $1.1 million was capitalized and will be amortized over the remaining life of the 2010 Credit Facilities. Additionally, the interest rate margin for all loans under the 2010 Credit Facilities increased to (i) 5.125% from 4.75% per annum for London Interbank Offered Rate (“LIBOR”) based loans and to (ii) 4.125% from 3.75% per annum for prime rate loans. The Add-On Amendment also delayed a step down in the maximum first lien leverage ratio covenant to 2.25x from 2.50x until the first quarter of 2013. Proceeds from the Term Loan Add-On were initially used to repay outstanding revolving credit borrowings and to pay related fees and expenses, which will provide capacity under the 2010 Revolving Credit Facility to repurchase the 7.875% Notes.

11.5% Senior Notes

On March 28, 2012, the Company issued $225 million aggregate principal amount of 11.5% senior notes due 2017 (the

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

“11.5% Notes”) that were sold with registration rights to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, and to certain non-U.S. persons in accordance with Regulation S under the Securities Act of 1933.  The 11.5% Notes were issued at a discount of approximately $8.3 million, of which $7.6 million remains unamortized as of September 29, 2012. The 11.5% Notes were issued pursuant to an indenture (the “11.5% Indenture”) among the Company, certain subsidiary guarantors and U.S. Bank National Association, as trustee. The Company will pay interest on the 11.5% Notes, semi-annually, in cash in arrears, on May 15 and November 15 of each year commencing May 15, 2012. The 11.5% Notes have no required principal payments prior to their maturity on May 15, 2017.  The 11.5% Notes are guaranteed on a senior unsecured basis by the Company and substantially all of its existing and future North American subsidiaries. As such, the 11.5% Notes rank pari passu with all of the Company's existing and future senior debt and senior to any of the Company's subordinated debt. The Company may redeem the 11.5% Notes, in whole or in part, on or after May 15, 2015, at redemption prices ranging from 100% to approximately 105.75%, plus accrued and unpaid interest. In addition, at any time prior to May 15, 2015, the Company may redeem up to 35% of the aggregate principal amount of the notes originally issued with the net cash proceeds of certain public equity offerings, at a redemption price of 111.50% plus accrued and unpaid interest. The Company may also redeem some or all of the 11.5% Notes before May 15, 2015 at a redemption price of 100% of the principal amount, plus accrued and unpaid interest, if any, to the redemption date, plus a “make whole” premium. Each holder of the 11.5% Notes has the right to require the Company to repurchase such holder's notes at a purchase price of 101% of the principal amount thereof, plus accrued and unpaid interest thereon, upon the occurrence of certain events specified in the indenture that constitute a change of control. The 11.5% Indenture contains a number of covenants that, among other things, restrict, subject to certain exceptions, the Company's ability and the ability of the Company's subsidiaries, to incur or guarantee additional indebtedness, make restricted payments (including paying dividends on, redeeming or repurchasing our capital stock), permit restricted subsidiaries to pay dividends or make other distributions or payments, dispose of assets, make investments, grant liens on assets, merge or consolidate or transfer certain assets, and enter into transactions with affiliates. The 11.5% Indenture also contains certain customary affirmative covenants. In order to fulfill its registration rights obligations, on May 10, 2012, the Company launched a registered exchange offer (the "Exchange Offer") to exchange any and all of its unregistered 11.5% Notes for publicly tradeable notes having substantially identical terms, except for the elimination of some transfer restrictions, registration rights and additional interest payments relating to the outstanding notes. The Exchange Offer expired on June 18, 2012.

7% Senior Exchangeable Notes

Concurrently with the 11.5% Notes, the Company issued $86.3 million aggregate principal amount of senior exchangeable notes due 2017 (the “7% Notes”) that were sold to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933.  The 7% Notes were issued pursuant to an indenture (the “7% Indenture”) among the Company, certain subsidiary guarantors and U.S. Bank National Association, as trustee. The Company will pay interest on the 7% Notes semi-annually, in cash in arrears, on May 15 and November 15 of each year, commencing November 15, 2012. The 7% Notes have no required principal payments prior to their maturity on May 15, 2017.  The 7% Notes are guaranteed on a senior unsecured basis by the Company and substantially all of its North American subsidiaries. As such, the 7% Notes rank pari passu with all of the Company's existing and future senior debt and senior to any of the Company's subordinated debt. The Company may not redeem the notes at its option. Upon a fundamental change, as defined in the 7% Indenture, holders of 7% Notes may require the Company to repurchase all or a portion of such holder's notes for cash at a repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus any accrued and unpaid interest to, but excluding, the fundamental change repurchase date, as defined in the 7% Indenture. The 7% Indenture does not contain any financial covenants or any restrictions, among other things, on the payment of dividends, the incurrence of other indebtedness, or the issuance or repurchase of securities by the Company. The 7% Indenture does not contain any covenants or other provisions to protect holders of the notes in the event of a highly leveraged transaction or a change of control, except to the extent described in the 7% Indenture.

The 7% Notes are exchangeable at any time prior to the close of business on the business day immediately preceding the maturity date for shares of the Company's common stock at an exchange rate of 241.5167 shares per $1,000 principal amount of 7% Notes, which is equal to an exchange price of approximately $4.14 per share, subject to adjustment under certain specified circumstances. This represents a premium of 22.5% above the last reported sale price of Cenveo's common stock on the New York Stock Exchange on Thursday, March 22, 2012, which was $3.38 per share. If a holder elects to exchange notes in connection with a make-whole fundamental change, as described in the 7% Indenture, such holder may also be entitled to receive a make-whole premium upon exchange in certain circumstances.

2012 Refinancing

Net proceeds of the 11.5% Notes and 7% Notes together with borrowings under the Company's 2010 Revolving Credit Facility were used to fund the cash tender offers for any and all of the Company's 8.375% senior subordinated notes due 2014 (the “8.375% Notes”) and 10.5% senior notes due 2016 (the “10.5% Notes”), plus $45 million aggregate principal amount of the Company's 7.875% Notes and to repurchase an additional $73.4 million of 7.875% Notes through open market, negotiated purchases

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

to refinance such indebtedness, and to pay related fees and expenses (collectively the “2012 Refinancing”). In connection with the issuance of the 11.5% Notes and the 7% Notes, the Company capitalized debt issuance costs of $6.0 million and $3.0 million, respectively, all of which will be amortized over the life of the 11.5% Notes and the 7% Notes.

2012 Amended Credit Facilities

In February of 2012, the Company amended the 2010 Credit Facilities (the “2012 Amendment”) to increase its restricted dispositions basket in connection with the sale of the Documents Group. The 2012 Amendment required that 25% of net proceeds be used to repay the Term Loan B and requires that the remaining amount be used to reinvest in the business or refinance certain existing debt. On February 14, 2012, the Company repaid $9.5 million of the Term Loan B in connection with this provision. The 2012 Amendment required the Company to repay unsecured and second lien debt in an amount equal to 75% of the net proceeds. In connection with the 2012 Amendment, the Company paid $1.7 million to consenting lenders and related fees, which are included in discontinued operations in the condensed consolidated statement of operations.

Effective March 5, 2012, the Company increased its borrowing capacity under the 2010 Revolving Credit Facility to $170 million from $150 million as a result of receiving an additional commitment, as permitted under the 2010 Credit Facilities. On March 9, 2012, the Company repaid $34.7 million of its Term Loan B as part of its required excess cash flow payment.

Extinguishments

In the third quarter of 2012, the Company purchased in the open market approximately $16.0 million of its 7.875% Notes and retired them for $16.2 million including accrued and unpaid interest. In connection with the retirement, the Company wrote-off $0.1 million of unamortized debt issuance costs. The Company expects to continue to repurchase the 7.875% Notes throughout the remainder of this year and into 2013. Since September 29, 2012, the Company has purchased an additional $1.0 million of 7.875% Notes and retired them for $1.0 million including accrued and unpaid interest.

In the second quarter of 2012, the Company purchased in the open market approximately $50.0 million of its 7.875% Notes and retired them for $49.5 million including accrued and unpaid interest. In connection with the retirement, the Company recorded a gain on early extinguishment of debt of $0.3 million, which includes the write-off of $0.1 million of unamortized debt issuance costs.

In connection with the 2012 Refinancing, the Company incurred a loss on early extinguishment of debt of $12.7 million, of which $9.6 million related to tender and consent fees paid to consenting lenders of its 7.875% Notes, 10.5% Notes and 8.375% Notes and $3.1 million relates to the write-off of previously unamortized debt issuance costs.

In the first quarter of 2012, and prior to the 2012 Refinancing, the Company purchased in the open market approximately $13.8 million, $5.0 million and $2.0 million of its 7.875% Notes, 10.5% Notes and 8.375% Notes, respectively, and retired them for $12.2 million, $4.9 million and $1.6 million, respectively, including accrued and unpaid interest.  In connection with the retirement of these 7.875% Notes, 10.5% Notes and 8.375% Notes, the Company recorded a gain on early extinguishment of debt of approximately $2.1 million, which includes the write-off of $0.1 million of unamortized debt issuance costs.

8. Commitments and Contingencies

The Company is party to various legal actions that are ordinary and incidental to its business. While the outcome of pending legal actions cannot be predicted with certainty, management believes the outcome of these various proceedings will not have a material adverse effect on the Company’s financial statements. In January, 2012, the Company reached an agreement with all parties to settle all controversies and disputes with prejudice in connection with certain civil litigations filed in the United States District Court for the Northern District of New York and in the Superior Court of New Jersey, Burlington County. As the Company's liability arising out of these litigations existed as of the December 2011 balance sheet date, this settlement was recorded in the fourth quarter of 2011 within other expense (income), net in the condensed consolidated statement of operations. The Company funded this settlement in the first quarter of 2012. In September 2011, the Company reached an agreement with all defendants to settle all controversies and disputes and agreed to dismiss all claims against the defendants with prejudice in connection with a civil litigation filed in Minneapolis, Minnesota. This settlement was recorded as a reduction to selling, general and administrative expenses in the condensed consolidated statement of operations.

The Company is involved in certain environmental matters and has been designated as a potentially responsible party for certain hazardous waste sites. There have been no material changes related to these environmental matters and, based on information currently available, the Company believes that remediation of these environmental matters will not have a material adverse effect on the Company’s financial statements.

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CENVEO, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

The Company’s income, sales and use, and other tax returns are routinely subject to audit by various authorities. The Company believes that the resolution of any matters raised during such audits will not have a material adverse effect on the Company’s financial statements.

The Company participates in a number of multi-employer pension plans for union employees (“Multi-Employer Plans”) and is exposed to significant risks and uncertainties arising from its participation in these Multi-Employer Plans. These risks and uncertainties, including changes in future contributions due to partial or full withdrawal of the Company and other participating employers from these Multi-Employer Plans, could significantly increase the Company’s future contributions or the underfunded status of these Multi-Employer Plans. Two of the Multi-Employer Plans are in mass withdrawal status. While it is not possible to quantify the potential impact of future actions of the Company or other participating employers from these Multi-Employer Plans, continued participation in or withdrawal from these multi-employer pension plans could have a material impact on the Company’s financial statements.

9. Fair Value Measurements

Certain assets and liabilities of the Company are required to be recorded at fair value on either a recurring or non-recurring basis. Fair value is determined based on the exchange price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants.

The fair value of the Company’s cash and cash equivalents, accounts receivable, net, current maturities of long-term debt and accounts payable approximate their carrying value due to their short term nature. On a recurring basis, the Company records its pension plan assets at fair value.

The table below presents the carrying value and fair value of these assets and liabilities of the Company as of September 29, 2012 and December 31, 2011, respectively (in thousands): 

	September 29, 2012				December 31, 2011
	Carrying Value		Fair Value		Carrying Value		Fair Value
Cash and cash equivalents	$	10,335	$	10,335	$	17,753	$	17,753
Accounts receivable, net	278,305		278,305		288,483		288,483
Current maturities of long-term debt	11,151		11,151		8,809		8,809
Accounts payable	179,779		179,779		186,648		186,648

The Company is required, on a non-recurring basis, to adjust the carrying value of its long-lived assets held (Note 5) and goodwill and other intangible assets (Note 6). These assets were determined by the Company to be Level 2 and Level 3 under the fair value hierarchy and are not measured at fair value on an ongoing basis; however, they are subject to fair value adjustments in certain circumstances, such as when there is evidence that impairment may exist. The Company also records the assets and liabilities assumed in its acquisitions (Note 2) at fair value.

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CENVEO, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

10. Retirement Plans

The components of the net periodic expense for the Company’s pension plans and other postretirement benefit plans are as follows (in thousands):

	Three Months Ended						Nine Months Ended
	September 29, 2012			October 1, 2011			September 29, 2012			October 1, 2011
Service cost	$	415		$	440		$	1,449		$	1,097
Interest cost	3,642			3,722			10,908			11,265
Expected return on plan assets	(4,141		)	(4,094		)	(12,657		)	(12,275		)
Net amortization and deferral	(1		)	(2		)	(3		)	(4		)
Recognized net actuarial loss	1,562			190			4,818			822
Net periodic expense	$	1,477		$	256		$	4,515		$	905

Interest cost on projected benefit obligation includes $0.2 million related to the Company’s other postretirement plans in each of the three months ended September 29, 2012 and October 1, 2011, and $0.7 million and $0.6 million in the nine months ended September 29, 2012 and October 1, 2011, respectively.

For the nine months ended September 29, 2012, the Company made contributions of $15.7 million to its pension plans and other postretirement plans. The Company expects to contribute approximately $2.7 million to its pension plans and other postretirement plans for the remainder of 2012.

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CENVEO, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

11. Stock-Based Compensation

The Company did not issue any form of stock-based compensation in the first nine months of 2012. The only changes to the Company’s stock-based compensation awards from the amounts presented as of December 31, 2011 were the vesting of 363,125 and 795,459 restricted stock units ("RSUs") of the Company’s common stock and the cancellation or forfeiture of 735,150 and 894,480 stock options and 1,875 and 21,875 RSUs for the three and nine months ended September 29, 2012, respectively.

Total stock-based compensation expense recognized in selling, general and administrative expenses in the Company’s condensed consolidated statements of operations was $1.5 million and $4.4 million for the three and nine months ended September 29, 2012, respectively, and $2.1 million and $7.1 million for the three and nine months ended October 1, 2011, respectively.

As of September 29, 2012, there was approximately $6.0 million of total unrecognized compensation cost related to unvested share-based compensation grants, which is expected to be amortized over a weighted-average period of 1.9 years.

12. Restructuring, Impairment and Other Charges

2012 Plan

In the first nine months of 2012, the Company announced the closure and consolidation of a print plant into its existing print operations. Additionally, the Company began implementing a cost savings initiative (collectively with the print plant closure and consolidation, the “2012 Plan”). The cost saving initiative is primarily focused on the Company's print and envelope segment and corporate expenses. This initiative will focus on the consolidation of office and warehouse space and other overhead cost elimination plans, including headcount reductions of approximately 700 employees. The Company expects to be substantially complete with the 2012 Plan by the end of 2012.

EPG Integration Plan

Upon the completion of the EPG acquisition, the Company developed and implemented its plan to integrate EPG into its existing envelope operations (the “EPG Plan”). Since the date of acquisition, activities related to the EPG Plan have included the closure and consolidation of five manufacturing facilities into the Company's existing operations and the elimination of duplicative headcount. The Company anticipates that the integration of EPG will be completed in 2012 and may include additional closure or consolidation of manufacturing facilities and further headcount reductions.

Residual Plans

In addition to the plans described above, the Company currently has five residual cost savings, restructuring and integration plans: (i) the 2011 other restructuring plans from our print and envelope and label and packaging segments (the "Other Restructuring Plans") (ii) the Nashua Corporation acquisition integration plan (the “Nashua Plan”), (iii) the Glyph acquisition plan (collectively with the EPG Plan and Nashua Plan, the “Acquisition Integration Plans”), (iv) the 2009 Cost Savings and Restructuring Plan, and(v) the 2007 Cost Savings and Integration Plan. The Company refers to these plans, collectively with the Other Restructuring Plans, as the “Residual Plans”. The Company does not anticipate any significant future expenses related to the Residual Plans, other than modifications to its current assumptions for lease terminations, multi-employer pension withdrawal liabilities and ongoing expenses related to maintaining restructured assets.

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CENVEO, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

The following tables present the details of the expenses recognized as a result of these plans.

2012 Activity

Restructuring, impairment and other charges for the three months ended September 29, 2012 were as follows (in thousands):

		Employee Separation Costs		Asset Impairments net of gain on sale			Equipment Moving Expenses		Lease Termination Expenses			Multi-employer Pension Withdrawal Expenses		Building Clean-up & Other Expenses		Total
Print and Envelope
	2012 Plan	$	1,200	$	(3	)	$	20	$	6		$	—	$	180	$	1,403
	Residual Plans	112		—			8		5			169		107		401
	Acquisition Integration Plans	657		792			43		125			—		69		1,686
Total Print and Envelope		1,969		789			71		136			169		356		3,490
Label and Packaging
	2012 Plan	632		—			—		—			—		2		634
	Residual Plans	26		—			—		(9		)	—		—		17
Total Label and Packaging		658		—			—		(9		)	—		2		651
Corporate
	Residual Plans	—		—			—		—			—		49		49
Total Corporate		—		—			—		—			—		49		49
Total Restructuring, Impairment and Other Charges		$	2,627	$	789		$	71	$	127		$	169	$	407	$	4,190

Restructuring, impairment and other charges for the nine months ended September 29, 2012 were as follows (in thousands):

		Employee Separation Costs		Asset Impairments net of gain on sale		Equipment Moving Expenses			Lease Termination Expenses		Multi-employer Pension Withdrawal Expenses			Building Clean-up & Other Expenses		Total
Print and Envelope
	2012 Plan	$	3,444	$	6,631	$	532		$	342	$	5,400		$	1,251	$	17,600
	Residual Plans	451		—		47			219		(313		)	964		1,368
	Acquisition Integration Plans	953		824		88			176		—			238		2,279
Total Print and Envelope		4,848		7,455		667			737		5,087			2,453		21,247
Label and Packaging
	2012 Plan	709		—		6			—		—			13		728
	Residual Plans	382		—		—			43		—			4		429
	Acquisition Integration Plans	—		—		(4		)	—		—			—		(4		)
Total Label and Packaging		1,091		—		2			43		—			17		1,153
Corporate
	Residual Plans	—		—		—			—		—			166		166
Total Corporate		—		—		—			—		—			166		166
Total Restructuring, Impairment and Other Charges		$	5,939	$	7,455	$	669		$	780	$	5,087		$	2,636	$	22,566

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

2011 Activity

Restructuring, impairment and other charges for the three months ended October 1, 2011 were as follows (in thousands):

		Employee Separation Costs			Asset Impairments net of gain on sale		Equipment Moving Expenses		Lease Termination Expenses		Multi-employer Pension Withdrawal Expenses		Building Clean-up & Other Expenses		Total
Print and Envelope
	Residual Plans	$	216		$	42	$	53	$	508	$	1,352	$	561	$	2,732
	Acquisition Integration Plans	710			131		543		17		—		90		1,491
Total Print and Envelope		926			173		596		525		1,352		651		4,223
Label and Packaging
	Residual Plans	346			—		—		23		—		—		369
	Acquisition Integration Plans	(14		)	—		—		—		—		—		(14		)
Total Label and Packaging		332			—		—		23		—		—		355
Corporate
	Residual Plans	—			—		—		8		—		99		107
Total Corporate		—			—		—		8		—		99		107
Total Restructuring, Impairment and Other Charges		$	1,258		$	173	$	596	$	556	$	1,352	$	750	$	4,685

Restructuring, impairment and other charges for the nine months ended October 1, 2011 were as follows (in thousands):

		Employee Separation Costs		Asset Impairments net of gain on sale		Equipment Moving Expenses		Lease Termination Expenses			Multi-employer Pension Withdrawal Expenses		Building Clean-up & Other Expenses			Total
Print and Envelope
	Residual Plans	$	607	$	1,943	$	606	$	1,572		$	1,352	$	2,225		$	8,305
	Acquisition Integration Plans	1,766		638		1,560		25			—		260			4,249
Total Print and Envelope		2,373		2,581		2,166		1,597			1,352		2,485			12,554
Label and Packaging
	Residual Plans	937		—		—		(158		)	—		(28		)	751
	Acquisition Integration Plans	39		130		76		6			—		175			426
Total Label and Packaging		976		130		76		(152		)	—		147			1,177
Corporate
	Residual Plans	—		—		—		82			—		164			246
Total Corporate		—		—		—		82			—		164			246
Total Restructuring, Impairment and Other Charges		$	3,349	$	2,711	$	2,242	$	1,527		$	1,352	$	2,796		$	13,977

A summary of the activity related to the restructuring liabilities for all the cost savings, restructuring and integration initiatives were as follows (in thousands):

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CENVEO, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

	Employee Separation Cost			Lease Termination			Pension Withdrawal Liabilities			Building Clean-up, Equipment Moving and Other Expenses			Total
2012 Plan
Balance as of December 31, 2011	$	—		$	—		$	—		$	—		$	—
Accruals, net	4,153			342			5,400			1,802			11,697
Payments	(3,124		)	(72		)	—			(1,802		)	(4,998		)
Balance as of September 29, 2012	$	1,029		$	270		$	5,400		$	—		$	6,699
Residual Plans
Balance as of December 31, 2011	$	1,071		$	3,804		$	22,538		$	—		$	27,413
Accruals, net	833			262			(313		)	1,181			1,963
Payments	(1,604		)	(1,702		)	(2,001		)	(1,181		)	(6,488		)
Balance as of September 29, 2012	$	300		$	2,364		$	20,224		$	—		$	22,888
Acquisition Integration Plans
Balance as of December 31, 2011	$	492		$	1,346		$	—		$	—		$	1,838
Accruals, net	953			176			—			322			1,451
Payments	(773		)	(331		)	—			(322		)	(1,426		)
Balance as of September 29, 2012	$	672		$	1,191		$	—		$	—		$	1,863

13.  Income (Loss) per Share

Basic income (loss) per share is computed based upon the weighted average number of common shares outstanding for the period. Diluted income (loss) per share for the three months ended September 29, 2012, is calculated using two approaches. The first approach, the treasury stock method, reflects the potential dilution that could occur if the stock options and RSUs (“Equity Awards”) to issue common stock were exercised. The second approach, the if converted method, reflects the potential dilution of the Equity Awards and the 7% Notes being exchanged for common stock. Under this method, interest expense associated with the 7% Notes, net of tax, is added back to income from continuing operations and the shares outstanding are increased by the underlying 7% Notes equivalent.

For the nine months ended September 29, 2012 and October 1, 2011, the effect of approximately 25,066,150 and 5,731,478, respectively, related to the exchange of the 7% Notes for common stock, stock options outstanding and unvested RSUs, which would be calculated using the treasury stock method, were excluded from the calculation of diluted income (loss) per share, as the effect would be anti-dilutive.

The following table sets forth the computation of basic and diluted income (loss) per share for the periods ended (in thousands, except per share data):

20

CENVEO, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

	Three Months Ended					Nine Months Ended
	September 29, 2012			October 1, 2011		September 29, 2012			October 1, 2011
Numerator for basic income (loss) per share:
Income (loss) from continuing operations	$	4,658		$	1,274	$	(17,888	)	$	735
(Loss) income from discontinued operations, net of taxes	(183		)	1,531		(5,256		)	5,228
Net income (loss)	$	4,475		$	2,805	$	(23,144	)	$	5,963
Numerator for diluted income (loss) per share:
Income (loss) from continuing operations - as reported	$	4,658		$	1,274	$	(17,888	)	$	735
Interest expense on 7% Notes, net of taxes	1,020			—		—			—
Income (loss) from continuing operations - after assumed conversions of dilutive shares	5,678			1,274		(17,888		)	735
(Loss) income from discontinued operations, net of taxes	(183		)	1,531		(5,256		)	5,228
Net income for diluted income (loss) per share after assumed conversions of dilutive shares	$	5,495		$	2,805	$	(23,144	)	$	5,963
Denominator for weighted average common shares outstanding:
Basic shares	63,624			63,068		63,502			62,891
Dilutive effect of convertible notes	20,831			—		—			—
Dilutive effect of equity awards	89			129		—			266
Diluted shares	84,544			63,197		63,502			63,157
Income (loss) per share – basic:
Continuing operations	$	0.07		$	0.02	$	(0.28	)	$	0.01
Discontinued operations	—			0.02		(0.08		)	0.08
Net income (loss)	$	0.07		$	0.04	$	(0.36	)	$	0.09
Income (loss) per share – diluted:
Continuing operations	$	0.06		$	0.02	$	(0.28	)	$	0.01
Discontinued operations	—			0.02		(0.08		)	0.08
Net income (loss)	$	0.06		$	0.04	$	(0.36	)	$	0.09

14. Segment Information

In the first quarter of 2012, the Company realigned its reportable segments as a result of the sale of the Discontinued Operations combined with the realignment of management responsibilities and strategy. Previously, the Company reported its segments as envelopes, forms and labels and commercial printing. Beginning January 1, 2012, the Company realigned its segments into two complementary reportable segments - the print and envelope segment and the label and packaging segment. The print and envelope segment provides a wide array of print offerings such as high-end printed materials including car brochures, advertising literature, corporate identity and brand marketing material, digital printing and content management; and direct mail offerings and custom and stock envelopes. The label and packaging segment specializes in the design, manufacturing and printing of labels such as, custom labels, overnight packaging labels, pressure-sensitive prescription labels and high quality packaging offerings, full body shrink sleeves, and specialized folded carton packaging. Segment information for the three and nine months ended October 1, 2011 has been reclassified to reflect the 2012 reportable segment presentation.

Operating income (loss) of each segment includes substantially all costs and expenses directly related to the segment's operations. Corporate expenses include corporate general and administrative expenses including stock-based compensation.

Corporate identifiable assets primarily consist of cash and cash equivalents, miscellaneous receivables, deferred financing fees, deferred tax assets and other assets.

21

CENVEO, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

The following tables present certain segment information (in thousands):

	Three Months Ended						Nine Months Ended
	September 29, 2012			October 1, 2011			September 29, 2012			October 1, 2011
Net sales:
Print and envelope	$	343,012		$	367,454		$	1,016,332		$	1,090,999
Label and packaging	108,262			108,381			329,432			331,706
Total	$	451,274		$	475,835		$	1,345,764		$	1,422,705
Operating income:
Print and envelope	$	29,876		$	29,888		$	63,951		$	75,262
Label and packaging	12,472			12,882			37,343			36,174
Corporate	(7,360		)	(9,545		)	(23,094		)	(32,674		)
Total	$	34,988		$	33,225		$	78,200		$	78,762
Restructuring, impairment and other charges:
Print and envelope	$	3,490		$	4,223		$	21,247		$	12,554
Label and packaging	651			355			1,153			1,177
Corporate	49			107			166			246
Total	$	4,190		$	4,685		$	22,566		$	13,977
Net sales by product line:
Print	$	174,132		$	179,406		$	497,607		$	537,005
Envelope	168,880			188,048			518,725			553,994
Label	82,478			81,781			248,484			250,430
Packaging	25,784			26,600			80,948			81,276
Total	$	451,274		$	475,835		$	1,345,764		$	1,422,705
Intercompany sales:
Print and envelope to label and packaging	$	1,739		$	1,002		$	5,253		$	3,488
Label and packaging to print and envelope	1,902			2,334			5,024			4,592
Total	$	3,641		$	3,336		$	10,277		$	8,080

	September 29, 2012		December 31, 2011
Identifiable assets:
Print and envelope	$	818,087	$	867,329
Label and packaging	337,002		392,417
Corporate	124,477		125,842
Total	$	1,279,566	$	1,385,588

22

CENVEO, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

15. Condensed Consolidating Financial Information

Cenveo, Inc. is a holding company (the “Parent Company”), which is the ultimate parent of all Cenveo subsidiaries. The Parent Company’s wholly owned subsidiary, Cenveo Corporation (the “Subsidiary Issuer”), issued the 7.875% Notes and the 8.875% senior second lien notes due 2018 (the "8.875% Notes" and, collectively with the 7.875% Notes, the “Subsidiary Issuer Notes”), which are fully and unconditionally guaranteed, on a joint and several basis, by the Parent Company and substantially all of its wholly-owned subsidiaries (the “Guarantor Subsidiaries”).

Presented below is condensed consolidating financial information for the Parent Company, the Subsidiary Issuer, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries as of September 29, 2012 and December 31, 2011 and for the three and nine months ended September 29, 2012 and October 1, 2011.  The condensed consolidating financial information has been presented to show the financial position, results of operations and cash flows of the Parent Company, the Subsidiary Issuer, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries, assuming the guarantee structure of the Subsidiary Issuer Notes was in effect at the beginning of the periods presented.

The supplemental condensed consolidating financial information reflects the investments of the Parent Company in the Subsidiary Issuer, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries using the equity method of accounting. The Company’s primary transactions with its subsidiaries other than the investment account and related equity in net income (loss) of unconsolidated subsidiaries are the intercompany payables and receivables between its subsidiaries.

23

CENVEO, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET September 29, 2012 (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—		$	7,878		$	503		$	1,954	$	—		$	10,335
Accounts receivable, net	—			99,804			177,484			1,017		—			278,305
Inventories	—			57,839			73,836			94		—			131,769
Notes receivable from subsidiaries	—			36,938			—			—		(36,938		)	—
Prepaid and other current assets	—			54,738			11,765			3,375		—			69,878
Total current assets	—			257,197			263,588			6,440		(36,938		)	490,287
Investment in subsidiaries	(399,483		)	1,749,180			7,301			6,725		(1,363,723		)	—
Property, plant and equipment, net	—			90,860			198,505			1,429		—			290,794
Goodwill	—			29,540			155,932			6,243		—			191,715
Other intangible assets, net	—			6,724			206,777			1,995		—			215,496
Other assets, net	—			126,723			(36,581		)	1,132		—			91,274
Total assets	$	(399,483	)	$	2,260,224		$	795,522		$	23,964	$	(1,400,661	)	$	1,279,566
Liabilities and Shareholders’ (Deficit) Equity
Current liabilities:
Current maturities of long-term debt	$	—		$	6,359		$	4,792		$	—	$	—		$	11,151
Accounts payable	—			102,839			76,050			890		—			179,779
Accrued compensation and related liabilities	—			15,810			12,384			582		—			28,776
Other current liabilities	—			53,971			22,263			670		—			76,904
Intercompany payable (receivable)	—			1,120,031			(1,127,827		)	7,796		—			—
Notes payable to issuer	—			—			36,938			—		(36,938		)	—
Total current liabilities	—			1,299,010			(975,400		)	9,938		(36,938		)	296,610
Long-term debt	—			1,198,710			7,005			—		—			1,205,715
Other liabilities	—			161,987			14,737			—		—			176,724
Shareholders’ (deficit) equity	(399,483		)	(399,483		)	1,749,180			14,026		(1,363,723		)	(399,483		)
Total liabilities and shareholders’ (deficit) equity	$	(399,483	)	$	2,260,224		$	795,522		$	23,964	$	(1,400,661	)	$	1,279,566

24

CENVEO, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the three months ended September 29, 2012 (in thousands)
	Parent Company		Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—	$	172,051		$	275,071		$	4,152		$	—		$	451,274
Cost of sales	—		143,226			217,459			3,440			—			364,125
Selling, general and administrative expenses	—		24,370			20,864			190			—			45,424
Amortization of intangible assets	—		137			2,276			134			—			2,547
Restructuring, impairment and other charges	—		1,805			2,383			2			—			4,190
Operating income	—		2,513			32,089			386			—			34,988
Interest expense, net	—		28,784			148			(6		)	—			28,926
Intercompany interest expense (income)	—		(414		)	391			23			—			—
Loss on early extinguishment of debt, net	—		25			—			—			—			25
Other expense (income), net	—		375			(3		)	119			—			491
Income (loss) from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	—		(26,257		)	31,553			250			—			5,546
Income tax (benefit) expense	—		(1,777		)	1,898			767			—			888
Income (loss) from continuing operations before equity in income of unconsolidated subsidiaries	—		(24,480		)	29,655			(517		)	—			4,658
Equity in income of unconsolidated subsidiaries	4,475		28,990			(517		)	—			(32,948		)	—
Income (loss) from continuing operations	4,475		4,510			29,138			(517		)	(32,948		)	4,658
Loss from discontinued operations, net of taxes	—		(35		)	(148		)	—			—			(183		)
Net income (loss)	4,475		4,475			28,990			(517		)	(32,948		)	4,475
Other comprehensive income (loss):
Other comprehensive income (loss) of unconsolidated subsidiaries	2,412		2,412			1,244			—			(6,068		)	—
Currency translation adjustment	—		—			1,168			1,244			—			2,412
Comprehensive (loss) income	$	6,887	$	6,887		$	31,402		$	727		$	(39,016	)	$	6,887

25

CENVEO, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the nine months ended September 29, 2012 (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	528,102		$	805,787		$	11,875		$	—		$	1,345,764
Cost of sales	—			440,660			645,435			10,381			—			1,096,476
Selling, general and administrative expenses	—			77,096			63,079			591			—			140,766
Amortization of intangible assets	—			444			6,910			402			—			7,756
Restructuring, impairment and other charges	—			3,331			19,139			96			—			22,566
Operating income	—			6,571			71,224			405			—			78,200
Interest expense, net	—			85,118			469			(13		)	—			85,574
Intercompany interest expense (income)	—			(1,102		)	1,030			72			—			—
Loss on early extinguishment of debt, net	—			11,439			—			—			—			11,439
Other (income) expense, net	—			(245		)	23			(105		)	—			(327		)
Income (loss) from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	—			(88,639		)	69,702			451			—			(18,486		)
Income tax expense (benefit)	—			(4,922		)	3,596			728			—			(598		)
Income (loss) from continuing operations before equity in income of unconsolidated subsidiaries	—			(83,717		)	66,106			(277		)	—			(17,888		)
Equity in income of unconsolidated subsidiaries	(23,144		)	58,186			(277		)	—			(34,765		)	—
Income (loss) from continuing operations	(23,144		)	(25,531		)	65,829			(277		)	(34,765		)	(17,888		)
(Loss) income from discontinued operations, net of taxes	—			2,387			(7,643		)	—			—			(5,256		)
Net (loss) income	(23,144		)	(23,144		)	58,186			(277		)	(34,765		)	(23,144		)
Other comprehensive income (loss):
Other comprehensive income (loss) of unconsolidated subsidiaries	1,654			1,654			179			—			(3,487		)	—
Currency translation adjustment	—			—			1,475			179			—			1,654
Comprehensive (loss) income	$	(21,490	)	$	(21,490	)	$	59,840		$	(98	)	$	(38,252	)	$	(21,490	)

26

CENVEO, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the nine months ended September 29, 2012  (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities of continuing operations	$	4,446		$	(87,609	)	$	104,046		$	2,528		$	—		$	23,411
Net cash used in operating activities of discontinued operations	—			(1,799		)	(2,934		)	—			—			(4,733		)
Net cash provided by (used in)operating activities	4,446			(89,408		)	101,112			2,528			—			18,678
Cash flows from investing activities:
Cost of business acquisitions, net of cash acquired	—			(644		)	—			—			—			(644		)
Capital expenditures	—			(7,819		)	(7,701		)	(117		)	—			(15,637		)
Proceeds from sale of property, plant and equipment	—			32			2,301			—			—			2,333
Proceeds from sale of intangible assets	—			1,700			—			—			—			1,700
Intercompany note	—			3,900			—			—			(3,900		)	—
Net cash used in investing activities of continuing operations	—			(2,831		)	(5,400		)	(117		)	(3,900		)	(12,248		)
Net cash provided by investing activities of discontinued operations	—			16,414			23,507			—			—			39,921
Net cash provided by (used in) investing activities	—			13,583			18,107			(117		)	(3,900		)	27,673
Cash flows from financing activities:
Repayment of 10.5% senior notes	—			(169,875		)	—			—			—			(169,875		)
Repayment of 7.875% senior subordinated notes	—			(196,088		)	—			—			—			(196,088		)
Borrowings (Repayment) of Term Loan B due 2016	—			17,987			—			—			—			17,987
Repayment of 8.375% senior subordinated notes	—			(24,787		)	—			—			—			(24,787		)
Payment of financing related costs and expenses and debt issuance discounts	—			(32,335		)	—			—			—			(32,335		)
Repayments of other long-term debt	—			(300		)	(3,199		)	—			—			(3,499		)
Retirement of common stock upon vesting of RSUs	(734		)	—			—			—			—			(734		)
Proceeds from issuance of 11.5% senior notes	—			225,000			—			—			—			225,000
Proceeds from issuance of 7% senior exchangeable notes	—			86,250			—			—			—			86,250
Borrowings under revolving credit facility, net	—			45,550			—			—			—			45,550
Intercompany note	—			—			—			(3,900		)	3,900			—
Intercompany advances	(3,712		)	117,920			(116,198		)	1,990			—			—
Net cash (used in) provided by financing activities of continuing operations	(4,446		)	69,322			(119,397		)	(1,910		)	3,900			(52,531		)
Net cash used in financing activities of discontinued operations	—			(1,652		)	—			—			—			(1,652		)
Net cash (used in) provided by financing activities	(4,446		)	67,670			(119,397		)	(1,910		)	3,900			(54,183		)
Effect of exchange rate changes on cash and cash equivalents	—			—			401			13			—			414
Net increase (decrease) in cash and cash equivalents	—			(8,155		)	223			514			—			(7,418		)
Cash and cash equivalents at beginning of period	—			16,033			280			1,440			—			17,753
Cash and cash equivalents at end of period	$	—		$	7,878		$	503		$	1,954		$	—		$	10,335

27

CENVEO, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2011 (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—		$	16,033		$	280		$	1,440	$	—		$	17,753
Accounts receivable, net	—			113,368			174,003			1,112		—			288,483
Inventories	—			63,234			70,434			128		—			133,796
Notes receivable from subsidiaries	—			40,838			—			—		(40,838		)	—
Prepaid and other current assets	—			57,967			10,953			3,822		—			72,742
Assets of discontinued operations - current	—			9,455			13,501			—		—			22,956
Total current assets	—			300,895			269,171			6,502		(40,838		)	535,730
Investment in subsidiaries	(381,704		)	1,681,084			7,399			6,725		(1,313,504		)	—
Property, plant and equipment, net	—			96,680			229,932			1,955		—			328,567
Goodwill	—			29,244			155,361			6,217		—			190,822
Other intangible assets, net	—			6,785			214,435			2,343		—			223,563
Other assets, net	—			107,286			(29,400		)	1,604		—			79,490
Assets of discontinued operations - long-term	—			5,717			21,699			—		—			27,416
Total assets	$	(381,704	)	$	2,227,691		$	868,597		$	25,346	$	(1,354,342	)	$	1,385,588
Liabilities and Shareholders’ (Deficit) Equity
Current liabilities:
Current maturities of long-term debt	$	—		$	4,109		$	4,700		$	—	$	—		$	8,809
Accounts payable	—			94,503			91,311			834		—			186,648
Accrued compensation and related liabilities	—			26,173			12,760			222		—			39,155
Other current liabilities	—			72,813			22,634			460		—			95,907
Liabilities of discontinued operations - current	—			2,492			2,854			—		—			5,346
Intercompany payable (receivable)	—			1,005,396			(1,011,202		)	5,806		—			—
Notes payable to issuer	—			—			36,938			3,900		(40,838		)	—
Total current liabilities	—			1,205,486			(840,005		)	11,222		(40,838		)	335,865
Long-term debt	—			1,227,238			10,296			—		—			1,237,534
Other liabilities	—			175,088			10,331			—		—			185,419
Liabilities of discontinued operations - long-term	—			1,583			6,891			—		—			8,474
Shareholders’ (deficit) equity	(381,704		)	(381,704		)	1,681,084			14,124		(1,313,504		)	(381,704		)
Total liabilities and shareholders’ (deficit) equity	$	(381,704	)	$	2,227,691		$	868,597		$	25,346	$	(1,354,342	)	$	1,385,588

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CENVEO, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the three months ended October 1, 2011 (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	186,436		$	285,733		$	3,666		$	—		$	475,835
Cost of sales	—			153,843			224,189			3,734			—			381,766
Selling, general and administrative expenses	—			28,830			24,492			251			—			53,573
Amortization of intangible assets	—			123			2,329			134			—			2,586
Restructuring, impairment and other charges	—			2,907			1,778			—			—			4,685
Operating income (loss)	—			733			32,945			(453		)	—			33,225
Gain on bargain purchase	—			(641		)	—			—			—			(641		)
Interest expense, net	—			28,257			187			(9		)	—			28,435
Intercompany interest expense (income)	—			(292		)	238			54			—			—
Other (income) expense, net	—			557			(758		)	(703		)	—			(904		)
Income (loss) from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	—			(27,148		)	33,278			205			—			6,335
Income tax expense (benefit)	—			2,714			2,450			(103		)	—			5,061
Income (loss) from continuing operations before equity in income of unconsolidated subsidiaries	—			(29,862		)	30,828			308			—			1,274
Equity in income of unconsolidated subsidiaries	2,805			32,271			308			—			(35,384		)	—
Income (loss) from continuing operations	2,805			2,409			31,136			308			(35,384		)	1,274
Income from discontinued operations, net of taxes	—			396			1,135			—			—			1,531
Net income (loss)	2,805			2,805			32,271			308			(35,384		)	2,805
Other comprehensive income (loss):
Other comprehensive income (loss) of unconsolidated subsidiaries	(5,146		)	(5,146		)	(2,220		)	—			12,512			—
Reclassifications of losses related to interest rate swaps into earnings, net of taxes	—			—			—			—			—			—
Currency translation adjustment	—			—			(2,926		)	(2,220		)	—			(5,146		)
Comprehensive income (loss)	$	(2,341	)	$	(2,341	)	$	27,125		$	(1,912	)	$	(22,872	)	$	(2,341	)

29

CENVEO, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the nine months ended October 1, 2011 (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	529,703		$	877,663		$	15,339		$	—		$	1,422,705
Cost of sales	—			439,826			704,670			12,659			—			1,157,155
Selling, general and administrative expenses	—			89,084			75,164			811			—			165,059
Amortization of intangible assets	—			324			7,026			402			—			7,752
Restructuring, impairment and other charges	—			7,783			6,190			4			—			13,977
Operating income (loss)	—			(7,314		)	84,613			1,463			—			78,762
Gain on bargain purchase	—			(11,720		)	—			—			—			(11,720		)
Interest expense, net	—			87,489			615			(40		)	—			88,064
Intercompany interest expense (income)	—			(919		)	736			183			—			—
Other (income) expense, net	—			134			(5		)	(696		)	—			(567		)
Income (loss) from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	—			(82,298		)	83,267			2,016			—			2,985
Income tax expense (benefit)	—			3,588			(1,549		)	211			—			2,250
Income (loss) from continuing operations before equity in income of unconsolidated subsidiaries	—			(85,886		)	84,816			1,805			—			735
Equity in income of unconsolidated subsidiaries	5,963			90,429			1,805			—			(98,197		)	—
Income (loss) from continuing operations	5,963			4,543			86,621			1,805			(98,197		)	735
Income (loss) from discontinued operations, net of taxes	—			1,420			3,808			—			—			5,228
Net income (loss)	5,963			5,963			90,429			1,805			(98,197		)	5,963
Other comprehensive income (loss):
Other comprehensive income (loss) of unconsolidated subsidiaries	(1,953		)	(3,745		)	(2,173		)	—			7,871			—
Reclassifications of losses related to interest rate swaps into earnings, net of taxes	—			1,792			—			—			—			1,792
Currency translation adjustment	—			—			(1,572		)	(2,173		)	—			(3,745		)
Comprehensive income (loss)	$	4,010		$	4,010		$	86,684		$	(368	)	$	(90,326	)	$	4,010

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CENVEO, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

CENVEO, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the nine months ended October 1, 2011

 (in thousands)

	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities of continuing operations	$	7,129		$	(98,875	)	$	117,744		$	5,280		$	—		$	31,278
Net cash provided by operating activities of discontinued operations	—			2,884			4,719			—			—			7,603
Net cash provided by (used in) operating activities	7,129			(95,991		)	122,463			5,280			—			38,881
Cash flows from investing activities:
Cost of business acquisitions, net of cash acquired	—			(59,719		)	—			—			—			(59,719		)
Capital expenditures	—			(6,753		)	(3,507		)	(538		)	—			(10,798		)
Proceeds from sale of property, plant and equipment	—			1,288			9,701			—			—			10,989
Intercompany note	—			5,600			—			—			(5,600		)	—
Net cash (used in) provided by investing activities of continuing operations	—			(59,584		)	6,194			(538		)	(5,600		)	(59,528		)
Net cash used in investing activities of discontinued operations	—			(419		)	—			—			—			(419		)
Net cash (used in) provided by investing activities	—			(60,003		)	6,194			(538		)	(5,600		)	(59,947		)
Cash flows from financing activities:
Borrowings (Repayment) of Term Loan B due 2016	—			(2,850		)	—			—			—			(2,850		)
Repayments of other long-term debt	—			(14		)	(4,491		)	—			—			(4,505		)
Purchase and retirement of common stock upon vesting of RSUs	(1,283		)	—			—			—			—			(1,283		)
Borrowings under revolving credit facility, net	—			—			—			—			—			—
Proceeds from exercise of stock options	350			—			—			—			—			350
Intercompany note	—			—			—			(5,600		)	5,600			—
Intercompany advances	(6,196		)	131,219			(125,067		)	44			—			—
Net cash provided by (used in) financing activities	(7,129		)	128,355			(129,558		)	(5,556		)	5,600			(8,288		)
Effect of exchange rate changes on cash and cash equivalents	—			—			66			1,109			—			1,175
Net increase (decrease) in cash and cash equivalents	—			(27,639		)	(835		)	295			—			(28,179		)
Cash and cash equivalents at beginning of period	—			46,882			1,010			1,864			—			49,756
Cash and cash equivalents at end of period	$	—		$	19,243		$	175		$	2,159		$	—		$	21,577

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

This Management’s Discussion and Analysis of Financial Condition and Results of Operations, which we refer to as MD&A, of Cenveo, Inc. and its subsidiaries, which we refer to as Cenveo, should be read in conjunction with the accompanying condensed consolidated financial statements and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2011, which we refer to as our 2011 Form 10-K. Item 7 of our 2011 Form 10-K describes the application of our critical accounting policies, for which there have been no significant changes as of September 29, 2012.

Forward-Looking Statements

Certain statements in this report may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the use of terminology such as “may,” “expect,” “intend,” “estimate,” “anticipate,” “plan,” “foresee,” “believe” or “continue” and similar expressions, or as other statements that do not relate solely to historical facts. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that could cause actual results to differ materially from what is expressed or forecasted in these forward-looking statements. In view of such uncertainties, investors should not place undue reliance on our forward-looking statements. Such statements speak only as of the date they were made, and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Factors that could cause actual results to differ materially from management’s expectations include, without limitation: (i) recent United States and global economic conditions have adversely affected us and could continue to do so; (ii) our substantial level of indebtedness could impair our financial condition and prevent us from fulfilling our business obligations; (iii) our ability to service or refinance our debt; (iv) the terms of our indebtedness imposing significant restrictions on our operating and financial flexibility; (v) additional borrowings are available to us that could further exacerbate our risk exposure from debt;  (vi) our ability to successfully integrate acquired businesses into our business; (vii) a decline in our consolidated profitability or profitability within one of our individual reporting units could result in the impairment of our assets, including goodwill, other long-lived assets and deferred tax assets; (viii) intense competition and fragmentation in our industry; (ix) the general absence of long-term customer agreements in our industry, subjecting our business to quarterly and cyclical fluctuations; (x) factors affecting the United States postal services impacting demand for our products; (xi) the availability of the Internet and other electronic media adversely affecting our business; (xii) increases in paper costs and decreases in the availability of raw materials; (xiii) our labor relations; (xiv) our compliance with environmental laws; (xv) our dependence on key management personnel; (xvi) our dependence upon information technology systems; and (xvii) our international operations and the risks associated with operating outside of the United States. This list of factors is not exhaustive, and new factors may emerge or changes to the foregoing factors may occur that would impact our business. Additional information regarding these and other factors can be found elsewhere in this report and in our other filings with the Securities and Exchange Commission, which we refer to as the SEC.

Business Overview

We are one of the largest diversified printing companies in North America, according to the December 2011 Printing Impressions 400 report. Our broad portfolio of products includes commercial printing, envelope converting, label manufacturing and specialty packaging. We operate a global network of strategically located manufacturing facilities, serving a diverse base of over 100,000 customers. Our business strategy focuses on providing our customers with quality product offerings, improving our cost structure and profitability, and pursuing strategic acquisitions that either expand our current product offerings or allow us to enter into niche businesses that are highly complementary to our current product offering.

We operate our business in two complementary reportable segments: print and envelope and label and packaging.

Print and Envelope. We are one of the leading commercial printers in North America and the largest envelope manufacturer. In August 2011, we added to our print and envelope business with the acquisition of Nesbitt Graphics, Inc., which we refer to as Nesbitt. In February 2011, we added to our print and envelope business with the acquisition of MeadWestvaco Corporation’s Envelope Product Group, which we refer to as EPG. Our print and envelope segment represents approximately 76.0% and 75.5% of our net sales for the three and nine months ended September 29, 2012, respectively.

Our print and envelope segment serves customers ranging from Fortune 50 companies to middle market and small companies operating in niche markets.  This segment primarily caters to the consumer products, financial services, travel and leisure and telecommunications industries. We offer direct mail products used for customer solicitations and custom envelopes used for billing and remittance by end users including banks, brokerage firms and insurance and credit card companies. We produce

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a broad line of specialty and stock envelopes that are sold through wholesalers, distributors, contract stationers, national catalogs for the office product markets and office product superstores. We provide a wide array of print offerings to our customers including electronic prepress, digital asset archiving, direct-to-plate technology, high-quality color printing on web and sheet-fed presses, digital printing and content management. The broad selection of print products we produce includes annual reports, car brochures, direct mail products, advertising literature, corporate identity materials and brand marketing materials.  Our content management business offers complete solutions, including editing, content processing, content management, electronic peer review, production, distribution and reprint marketing.

Label and Packaging.  We are a leading label manufacturer and the largest North American prescription label manufacturer for retail pharmacy chains. Our specialty packaging business currently focuses on specialty folded carton packaging and shrink-sleeve packaging.Our label and packaging segment represented approximately 24.0% and 24.5% of our net sales for the three and nine months ended September 29, 2012, respectively.

Our label and packaging segment serves customers ranging from multinational, national, middle market and small companies serving niche markets and resale customers. We print a diverse line of custom labels for a broad range of industries including manufacturing, warehousing, packaging, food and beverage, and health and beauty, which we sell through extensive networks within the resale channels. We also provide direct mail and overnight packaging labels, food and beverage labels, and shelf and scale labels for national and regional customer accounts. We also produce pressure-sensitive prescription labels for the retail pharmacy chain market. We produce premium high quality promotional packaging offerings including, folded carton, and full body shrink sleeves. Our primary customers for our specialty packaging products are pharmaceutical, apparel, tobacco, neutraceutical and other large multinational consumer product companies.

Consolidated Operating Results

This MD&A includes an overview of our condensed consolidated results of operations for the three and nine months ended September 29, 2012 and October 1, 2011 followed by a discussion of the results of operations of each of our reportable segments for the same periods. Our results for the three months ended October 1, 2011 include the operating results of Nesbitt for less than a full three months. Our results for the nine months ended October 1, 2011 include the operating results of EPG and Nesbitt for less than a full nine months.

Market Conditions

The overall printing industry is highly fragmented which creates overcapacity and price sensitivity in many of our businesses. The uncertainty that remains with the current United States and global economic conditions most likely will continue to affect our results of operations and financial position. These uncertainties about future economic conditions in a challenging operating environment make it difficult for us to forecast our future operating results. We believe our efforts to reduce our operating cost structure, which we implemented at the beginning of the economic downturn, allowed us to mitigate significant impacts to our operating performance and to our business over the past two years. Therefore, we continue to pursue additional cost savings opportunities in an effort to mitigate any further potential impact on our operations from the remaining uncertainty surrounding the current economic conditions.

2012 Overview

During the first nine months of 2012, our print and envelope operations have focused on completing the integration of EPG into our existing operations, mitigating the decline in direct mail sales due to our financial institution customers decreased demand for customer solicitations and mitigating the decline in our publisher services group revenue due to the decline in the circulation of journals and periodicals. We believe we will complete the integration of EPG into our existing operations by the end of 2012 and our efforts to mitigate sales declines have resulted in sales opportunities that should partly offset the decline in sales volumes attributable to direct mail and journals and periodicals.

During the first nine months of 2012, our label and packaging operations have focused on enhancing our e-commerce customer solutions, enhancing our long-run labels business with a focus on prime label capabilities and aligning our operating platform subsequent to the divestiture of two product lines in early 2012. We believe these efforts will provide greater sales opportunities for these businesses and provide focus on our growth business lines.

In addition to the operations focus noted above, we have been focused on our 2013 debt maturity. We began the year with a planned approach to eliminate this debt maturity and, to date, we have executed certain steps within that plan. To date, we have refinanced or paid down approximately 73% of this tranche and, most recently, we announced that we have been evaluating several

33

alternatives to address the 2013 maturity by the end of 2012, including an unsecured loan. We expect to announce a solution shortly in regards to completing one of these alternative methods. For further discussion related our capital structure and activities taken in 2012 to address our 2013 debt maturity, see the Long-Term Debt section below.

Discontinued Operations

In 2011, we began exploring our opportunities to divest certain non-strategic or underperforming businesses within our manufacturing platform. As a result, in the fourth quarter of 2011, the financial results of our documents and forms business as well as our wide-format papers business were accounted for as discontinued operations, which we refer to collectively as the Discontinued Operations, resulting in our historical consolidated balance sheets, statement of operations and comprehensive income (loss) and statement of cash flows being reclassified to reflect these discontinued operations separately from our continuing operations.

In February of 2012, we completed the sale of our documents and forms business, which we refer to as the Documents Group. Net cash proceeds were approximately $35.5 million. The original sale price of $40.0 million was subject to working capital settlement negotiations, which were completed during the three months ended September 29, 2012, pursuant to the purchase and sale agreement. In January of 2012, we completed the sale of our wide-format papers business and received proceeds of $4.7 million.

Reportable Segments

In the first quarter of 2012, we realigned our reportable segments as a result of the sale of the Discontinued Operations combined with the realignment of management responsibilities and strategy. Previously, we reported our segments as envelopes, forms and labels and commercial printing. Beginning January 1, 2012, we realigned our segments into two complementary reportable segments: the print and envelope segment and the label and packaging segment.

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A summary of our condensed consolidated statements of operations is presented below.  The summary presents reported net sales and operating income. See Segment Operations below for a summary of net sales and operating income of our reportable segments that we use internally to assess our operating performance. Our fiscal quarters end on the Saturday closest to the last day of the calendar month. Our reporting periods for the three and nine month periods ended September 29, 2012 and October 1, 2011 each consisted of 13 weeks and 39 weeks, respectively.

	Three Months Ended						Nine Months Ended
	September 29, 2012			October 1, 2011			September 29, 2012			October 1, 2011
	(in thousands, except per share amounts)						(in thousands, except per share amounts)
Net sales	$	451,274		$	475,835		$	1,345,764		$	1,422,705
Operating income:
Print and envelope	$	29,876		$	29,888		$	63,951		$	75,262
Label and packaging	12,472			12,882			37,343			36,174
Corporate	(7,360		)	(9,545		)	(23,094		)	(32,674		)
Total operating income	34,988			33,225			78,200			78,762
Gain on bargain purchase	—			(641		)	—			(11,720		)
Interest expense, net	28,926			28,435			85,574			88,064
Loss on early extinguishment of debt, net	25			—			11,439			—
Other expense (income), net	491			(904		)	(327		)	(567		)
Income (loss) from continuing operations before income taxes	5,546			6,335			(18,486		)	2,985
Income tax expense (benefit)	888			5,061			(598		)	2,250
Income (loss) income from continuing operations	4,658			1,274			(17,888		)	735
(Loss) income from discontinued operations, net of taxes	(183		)	1,531			(5,256		)	5,228
Net income (loss)	$	4,475		$	2,805		$	(23,144	)	$	5,963
Income (loss) per share—basic:
Continuing operations	$	0.07		$	0.02		$	(0.28	)	$	0.01
Discontinued operations	—			0.02			(0.08		)	0.08
Net income (loss)	$	0.07		$	0.04		$	(0.36	)	$	0.09
Income (loss) per share – diluted:
Continuing operations	$	0.06		$	0.02		$	(0.28	)	$	0.01
Discontinued operations	—			0.02			(0.08		)	0.08
Net income (loss)	$	0.06		$	0.04		$	(0.36	)	$	0.09

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Net Sales

Net sales decreased $24.6 million, or 5.2%, in the third quarter of 2012, as compared to the third quarter of 2011, primarily due to lower sales from our print and envelope segment of $24.4 million. See Segment Operations below for a detailed discussion of the primary factors affecting the change in our net sales by reportable segment.

Net sales decreased $76.9 million, or 5.4%, in the first nine months of 2012, as compared to the first nine months of 2011, due to lower sales from our print and envelope segment of $74.7 million and our label and packaging segment of $2.3 million. See Segment Operations below for a detailed discussion of the primary factors affecting the change in our net sales by reportable segment.

Operating Income

Operating income increased $1.8 million, or 5.3%, in the third quarter of 2012, as compared to the third quarter of 2011. This increase was primarily due to lower corporate expenses of $2.2 million. See Segment Operations below for a more detailed discussion of the primary factors for the changes in operating income by reportable segment.

Operating income decreased $0.6 million, or 0.7%, in the first nine months of 2012, as compared to the first nine months of 2011. This decrease was primarily due to decreases from our print and envelope segment of $11.3 million, partially offset by lower corporate expenses of $9.6 million and increases in operating income from our label and packaging segment of $1.2 million. See Segment Operations below for a more detailed discussion of the primary factors for the changes in operating income by reportable segment.

Gain on Bargain Purchase

During the third quarter and first nine months of 2011, in connection with the acquisition of EPG, we recognized a preliminary bargain purchase gain of approximately $0.6 million and $11.7 million, respectively.

Interest Expense

Interest expense increased $0.5 million to $28.9 million in the third quarter of 2012, as compared to $28.4 million in the third quarter of 2011. The increase is primarily due to an increase in weighted average interest rates due to our refinancing activities in 2012, offset by lower average outstanding debt balances as a result of debt repayments using cash flow from operations. Interest expense in the third quarter of 2012 reflected average outstanding debt of approximately $1.3 billion and a weighted average interest rate of 8.2%, as compared to average outstanding debt of $1.4 billion and a weighted average interest rate of 7.9% in the third quarter of 2011.

Interest expense decreased $2.5 million to $85.6 million in the first nine months of 2012, as compared to $88.1 million in the first nine months of 2011. The decrease is primarily due to the lower average outstanding debt balances primarily as a result of debt repayments using cash flow from operations and the proceeds from the sale of the Discontinued Operations, offset in part by higher interest expense as a result of our refinancing activities in 2012. Interest expense in the first nine months of 2012 reflected average outstanding debt of approximately $1.3 billion and a weighted average interest rate of 8.1%, as compared to average outstanding debt of $1.4 billion and a weighted average interest rate of 8.0% in the first nine months of 2011.

Loss on Early Extinguishment of Debt

During the first nine months of 2012, in connection with refinancing activities, we incurred a loss on early extinguishment of debt of $13.8 million, of which $10.7 million relates to tender and consent fees paid to consenting lenders, $3.3 million relates to the write-off of previously unamortized debt issuance costs. The loss on early extinguishment is partially offset by the gains on early extinguishment of debt of $2.4 million related to the repurchase of $198.3 million of our 7.875% Notes, $170.0 million of our 10.5% senior notes due 2016, which we refer to as the 10.5% Notes, and $25.4 million of our 8.375% senior subordinated notes due 2014, which we refer to as the 8.375% Notes plus accrued and unpaid interest thereon.

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Income Taxes

	Three Months Ended						Nine Months Ended
	September 29, 2012			October 1, 2011			September 29, 2012			October 1, 2011
	(in thousands)						(in thousands)
Income tax expense (benefit) from U.S. operations	$	(20	)	$	4,620		$	(1,939	)	$	633
Income tax expense from foreign operations	908			441			1,341			1,617
Income tax expense (benefit)	$	888		$	5,061		$	(598	)	$	2,250
Effective income tax rate	16.0		%	79.9		%	3.2		%	75.4		%

In the third quarter of 2012, we had an income tax expense of $0.9 million, compared to an income tax expense of $5.1 million in the third quarter of 2011. The tax expense for the third quarter of 2012 primarily relates to income tax on our foreign operations. The tax expense for the third quarter of 2011 primarily relates to income taxes on our domestic operations. Our effective tax rate in the third quarter of 2012 was lower than the federal statutory rate, primarily due to non-deductible expenses and state income taxes. Our effective tax rate in the quarter ended October 1, 2011 was higher than the federal statutory rate, primarily due to non-deductible expenses and state income taxes.

In the first nine months of 2012, we had an income tax benefit of $0.6 million, compared to an income tax expense of $2.3 million in the first nine months of 2011. The tax benefit for the first nine months of 2012 primarily relates to income taxes on our domestic operations. The income tax expense for the first nine months of 2011, primarily relates to income taxes on our foreign operations. Our effective tax rate in the first nine months of 2012 was lower than the federal statutory rate, primarily due to non-deductible expenses and state income taxes. The income tax expense for the first nine months of 2011 includes income tax expense of $4.3 million related to our bargain purchase gain in connection with the acquisition of EPG. Our effective tax rate in the nine months ended October 1, 2011 was higher than the federal statutory rate, primarily due to non-deductible expenses and state income taxes.

We assess the recoverability of our deferred tax assets and, to the extent recoverability does not satisfy the “more likely than not” recognition criteria, record a valuation allowance against our deferred tax assets. We consider all positive and negative evidence in evaluating our ability to realize our net deferred tax assets, including our operating results, ongoing tax planning, and forecast of future taxable income, on a jurisdiction by jurisdiction basis. Significant judgment is required with respect to the determination of whether or not a valuation allowance is required for certain of our deferred tax assets. As of September 29, 2012, the total valuation allowance on our net U.S. deferred tax assets was approximately $21.5 million.

(Loss) Income from Discontinued Operations, net of taxes

(Loss) income from discontinued operations represents the results of operations, including tax effects of our Discontinued Operations. The results for the third quarter of 2012 include the loss on sale of our Discontinued Operations of $0.2 million, net of a tax benefit of $0.1 million. Loss from discontinued operations was $0.2 million, net of a tax benefit of $0.1 million for the third quarter of 2012.

The results for the first nine months of 2012 include the loss on sale of our Discontinued Operations of $5.4 million, net of a tax benefit of $3.4 million. Income from discontinued operations of $0.3 million, net of taxes of $0.1 million for the first nine months of 2012, include the reduction of a liability of $1.8 million, net of tax expense of $1.2 million, due to the expiration of certain statutes of limitations related to a previous divestiture.

Segment Operations

Our Chief Executive Officer monitors the performance of the ongoing operations of our two reportable segments. We assess performance based on net sales and operating income.

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Print and Envelope

	Three Months Ended						Nine Months Ended
	September 29, 2012			October 1, 2011			September 29, 2012			October 1, 2011
	(in thousands)						(in thousands)
Segment net sales	$	343,012		$	367,454		$	1,016,332		$	1,090,999
Segment operating income	$	29,876		$	29,888		$	63,951		$	75,262
Operating income margin	8.7		%	8.1		%	6.3		%	6.9		%
Restructuring, impairment and other charges	$	3,490		$	4,223		$	21,247		$	12,554

Segment Net Sales

Segment net sales for our print and envelope segment decreased $24.4 million, or 6.7%, in the third quarter of 2012, as compared to the third quarter of 2011. Net sales for our envelope operations decreased $19.2 million primarily due to: (i) lower sales volumes from our direct mail customers, primarily financial institutions, related to lower demand for customer solicitations and (ii) lower sales volumes from our office product customers due to our decision to exit lower margin business. Net sales for our commercial printing operations declined $5.2 million, primarily due to: (i) lower sales volumes due to the closure and consolidation of a print plant into our existing operations and continued declines in the circulation of journals and periodicals, and (ii) lower sales due to price pressures that continue to exist within the print industry, offset slightly by higher sales from the integration of Nesbitt into our operations, as Nesbitt was not included in our results for a full three months in the third quarter of 2011.

Segment net sales for our print and envelope segment decreased $74.7 million, or 6.8%, in the first nine months of 2012, as compared to the first nine months of 2011. Net sales for our commercial printing operations declined $39.4 million, primarily due to: (i) lower sales volumes due to the closure and consolidation of a print plant into our existing operations, customer product launches that occurred in the first nine months of 2011, but did not repeat in the first nine months of 2012 and continued declines in the circulation of journals and periodicals, and (ii) lower sales due to price pressures that continue to exist within the print industry, offset slightly by higher sales from the integration of Nesbitt into our operations, as Nesbitt was not included in our results for a full nine months in 2011. Net sales of our envelope operations decreased $35.3 million primarily due to: (i) lower sales volumes from our direct mail customers, primarily financial institutions, related to lower demand for customer solicitations and (ii) lower sales volumes from our office product customers due to our decision to exit certain lower margin business. These decreases in our envelope net sales were offset by: (i) higher sales from the integration of EPG into our operations, including the impact of work transitioned from our existing operations to EPG and vice versa, as EPG was not included in our results for a full nine months in 2011, and (ii) higher sales due to our ability to pass along material price increases to our customers.

Segment Operating Income

Segment operating income for our print and envelope segment decreased less than $0.1 million, or 0.1%, in the third quarter of 2012, as compared to the third quarter of 2011. This decrease was primarily due to lower gross margins of $6.7 million, primarily due to increased pension expense, lower byproduct recoveries and continued price pressures, substantially offset by: (i) lower selling, general and administrative expenses of $5.9 million, primarily due to lower commission expense and a lower cost structure due to the integration of EPG into our existing envelope operations, and (ii) lower restructuring, impairment and other charges of $0.7 million.

Segment operating income for our print and envelope segment decreased $11.3 million, or 15.0%, in the first nine months of 2012, as compared to the first nine months of 2011. This decrease was primarily due to: (i) lower gross margins of $17.5 million, primarily due to increased pension expense, lower byproduct recoveries and continued price pressures, and (ii) higher restructuring, impairment and other charges of $8.7 million, primarily due to the closure and consolidation of a print plant and an envelope plant into our existing operations. These decreases were offset in part by lower selling, general and administrative expenses of $15.0 million, primarily due to lower commission expense and a lower cost structure due to the integration of EPG into our existing envelope operations.

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Label and Packaging

	Three Months Ended						Nine Months Ended
	September 29, 2012			October 1, 2011			September 29, 2012			October 1, 2011
	(in thousands)						(in thousands)
Segment net sales	$	108,262		$	108,381		$	329,432		$	331,706
Segment operating income	$	12,472		$	12,882		$	37,343		$	36,174
Operating income margin	11.5		%	11.9		%	11.3		%	10.9		%
Restructuring, impairment and other charges	$	651		$	355		$	1,153		$	1,177

Segment Net Sales

Segment net sales for our label and packaging segment decreased $0.1 million, or 0.1%, in the third quarter of 2012, as compared to the third quarter of 2011. Net sales from our packaging operations decreased $0.8 million, primarily due to our decision to exit certain low margin customer accounts, offset in part by new sales opportunities and our ability to pass along material price increases to our customers. Net sales from our label operations increased $0.7 million, primarily due to increased sales from our custom label business, primarily due to initiatives taken to enhance our e-commerce solution for our customers, offset in part by our decision to exit certain low margin business within our long-run label customer accounts.

Segment net sales for our label and packaging segment decreased $2.3 million, or 0.7%, in the first nine months of 2012, as compared to the first nine months of 2011. Net sales from our label operations declined $1.9 million, primarily due to our decision to exit certain low margin business within our long-run label customer accounts, offset in part by increased sales from our custom label business, primarily due to initiatives taken to enhance our e-commerce solution for our customers. Net sales from our packaging operations decreased $0.3 million, primarily due to lower sales due to our decision to exit certain low margin customer accounts, offset in part by our ability to pass along material price increases to our customers.

Segment Operating Income

Segment operating income for our label and packaging segment decreased $0.4 million, or 3.2%, in the third quarter of 2012, as compared to the third quarter of 2011. This decrease was primarily due to higher restructuring, impairment and other charges of $0.3 million.

Segment operating income for our label and packaging segment increased $1.2 million, or 3.2%, in the first nine months of 2012, as compared to the first nine months of 2011. This increase was due to increased gross margins of $0.8 million, primarily due to increased margins in our packaging segment due to our decision to exit certain low margin customer accounts, offset by margin decline in our labels operations due to increased pension expense, and (ii) lower selling, general and administrative expenses of $0.2 million due to cost savings initiatives executed in 2011.

Corporate Expenses

Corporate expenses include the costs of running our corporate headquarters. Corporate expenses were lower by $2.2 million, or 22.9% in the third quarter of 2012, as compared to the third quarter of 2011, primarily due to lower compensation related expenses. Corporate expenses were lower by $9.6 million, or 29.3%, in the first nine months of 2012, as compared to the first nine months of 2011, primarily due to lower compensation related expenses.

Restructuring, Impairment and Other Charges

During the first nine months of 2012, we continued the integration of our EPG acquisition and announced the closure and consolidation of a manufacturing facility. We also announced the closure and consolidation of a print plant into our existing print operations. Additionally, we began implementing a cost savings initiative, which collectively with the print plant closure and consolidation, we refer to as the 2012 Plan. The cost saving initiative is primarily focused on our print and envelope segment and our corporate expenses. This initiative will focus on consolidation of office and warehouse space and other overhead cost elimination plans, including targeted headcount reductions of approximately 700 employees.

During the third quarter of 2012, as a result of the 2012 Plan, our EPG integration plan and our residual restructuring and cost savings actions, we incurred $4.2 million of restructuring, impairment and other charges, which included $2.6 million of

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employee separation costs, asset impairments, net of $0.8 million, equipment moving expenses of $0.1 million, lease termination expenses of $0.1 million, multi-employer pension withdrawal expenses of $0.2 million and building clean-up and other expenses of $0.4 million. During the third quarter of 2011, as a result of our EPG integration plan and residual restructuring and cost savings actions, we incurred $4.7 million of restructuring, impairment and other charges, which included $1.3 million of employee separation costs, asset impairments, net of $0.2 million, equipment moving expenses of $0.6 million, lease termination expenses of $0.6 million, multi-employer pension withdrawal expenses of $1.4 million and building clean-up and other expenses of $0.8 million.

During the first nine months of 2012, as a result of the 2012 Plan, our EPG integration plan and our residual restructuring and cost savings actions, we incurred $22.6 million of restructuring, impairment and other charges, which included $5.9 million of employee separation costs, asset impairments, net of $7.5 million, equipment moving expenses of $0.7 million, lease termination expenses of $0.8 million, multi-employer pension withdrawal expenses of $5.1 million and building clean-up and other expenses of $2.6 million. During the first nine months of 2011, as a result of our EPG integration plan and residual restructuring and cost savings actions, we incurred $14.0 million of restructuring, impairment and other charges, which included $3.3 million of employee separation costs, asset impairments, net of $2.7 million, equipment moving expenses of $2.2 million, lease termination expenses of $1.5 million, multi-employer pension withdrawal expenses of $1.4 million and building clean-up and other expenses of $2.8 million.

As of the quarter ended September 29, 2012, our total restructuring liability was $31.5 million, of which $6.1 million is included in other current liabilities and $25.3 million, which is expected to be paid through 2032, is included in other liabilities in our condensed consolidated balance sheet. Our multi-employer pension withdrawal liabilities are $25.6 million of our remaining restructuring liabilities. We believe these liabilities represent our anticipated ultimate withdrawal liabilities; however, we are exposed to significant risks and uncertainties arising from our participation in these multi-employer pension plans. While it is not possible to quantify the potential impact of our future actions or the future actions of other participating employers from the multi-employer pension plans for which we have exited, our anticipated ultimate withdrawal liabilities may be significantly impacted in the future due to lower future contributions or increased withdrawals from other participating employers.

Liquidity and Capital Resources

Net Cash Provided By Operating Activities of Continuing Operations. Net cash provided by operating activities of continuing operations was $23.4 million in the first nine months of 2012, which was primarily due to our net loss adjusted for non-cash items of $60.8 million, offset by a use of working capital of $24.7 million and pension and post-retirement plan contributions, net of pension expense, of $11.5 million. The use of working capital primarily resulted from: (i) a decrease in other working capital changes primarily due to the timing of interest payments on our outstanding debt and a payment of a litigation settlement, and (ii) a decrease in accounts payable due to the timing of vendor payments. These uses of working capital were offset in part by a decrease in accounts receivables due to the timing of collections from and sales to our customers.

Cash provided by operating activities is generally sufficient to meet daily disbursement needs.  On days when our cash receipts exceed disbursements, we reduce our revolving credit balance or place excess funds in conservative, short-term investments until there is an opportunity to pay down debt. On days when our cash disbursements exceed cash receipts, we use invested cash balances and/or our revolving credit to fund the difference. As a result, our daily revolving credit balance fluctuates depending on working capital needs.  Regardless, at all times we believe we have sufficient liquidity available to us to fund our cash needs.

Net cash provided by operating activities of continuing operations was $31.3 million in the first nine months of 2011, which was primarily due to our net income adjusted for non-cash items of $59.0 million, offset by a use of working capital of $9.2 million and pension and post-retirement plan contributions, net of pension expense, of $16.7 million. The use of working capital primarily resulted from: (i) a decrease in other working capital changes primarily due to the timing of customer related payments, and (ii) an increase in our accounts receivables due to the timing of collections from and sales to our customers. These decreases were offset in part by: (i) an increase in accounts payable due to the timing of vendor payments, and (ii) a decrease in our inventories primarily due to our inventory management initiative, which began in the third quarter of 2011.

Net Cash (Used in) Provided by Operating Activities of Discontinued Operations. Represents the net cash (used in) provided by the Discontinued Operations operating activities.

Net Cash Used in Investing Activities of Continuing Operations. Net cash used in investing activities of continuing operations was $12.2 million in the first nine months of 2012, primarily resulting from capital expenditures of $15.6 million and $0.6 million of cash consideration for the acquisition of Nesbitt related to working capital settlement provisions. These uses of

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cash were offset in part by proceeds received from the sale of property, plant and equipment of $2.3 million and proceeds received from the sale of an intangible asset of $1.7 million.

Our debt agreements limit capital expenditures to $40.0 million in 2012 plus any proceeds received from the sale of property, plant and equipment and, if certain conditions are satisfied, any unused permitted amounts from 2011. We estimate that we will spend approximately $20.0 million on capital expenditures in 2012, before considering proceeds from the sale of property, plant and equipment. Our primary sources for our capital expenditures are cash generated from operations, proceeds from the sale of property, plant and equipment, and financing capacity within our current debt arrangements. These sources of funding are consistent with prior years’ funding of our capital expenditures.

Net cash used in investing activities of continuing operations was $59.5 million in the first nine months of 2011, primarily resulting from $59.7 million of cash consideration for the acquisitions of EPG and Nesbitt and capital expenditures of $10.8 million, offset in part by $11.0 million of proceeds from the sale of property, plant and equipment.

Net Cash Provided by (Used in) Investing Activities of Discontinued Operations. Represents the net cash provided by (used in) Discontinued Operations related to investing activities. In the first nine months of 2012, the cash provided by discontinued investing activities relates to net cash proceeds of $39.9 million from the sale of the Discontinued Operations.

Net Cash Used In Financing Activities of Continuing Operations. Net cash used in financing activities of continuing operations was $52.5 million in the first nine months of 2012, primarily due to refinancing activities, including the issuance of $65 million aggregate principal amount of an additional term loan, which we refer to as the Term Loan Add-On, the repayment of $45.1 million of term loans primarily as a result of the excess cash flow sweep feature and the open market repurchases and retirements of our 7.875% Notes, 10.5% Notes and 8.375% Notes, of approximately $79.8 million, $5.0 million and $2.0 million, respectively, for $77.9 million, $4.9 million and $1.6 million, respectively, plus accrued and unpaid interest. These refinancing activities also included: (i) the repayment of $118.4 million of our 7.875% Notes, $165.0 million of our 10.5% Notes, and $23.2 million of our 8.375% Notes, (ii) the payment of $30.0 million of tender and consent fees and related transaction costs, (iii) the issuance of our $225.0 million 11.5% senior notes due 2017, which we refer to as the 11.5% Notes with an original issuance discount of $8.3 million, and (iv) the issuance of our $86.3 million 7% senior exchangeable notes due 2017, which we refer to as the 7% Notes. These decreases were offset by (i) proceeds from the issuance of our 11.5% Notes (ii) proceeds from the issuance of our 7% Notes, and (iii) borrowings under our revolving credit facility.

Net cash used in financing activities of continuing operations was $8.3 million in the first nine months of 2011, primarily due to repayments of our other long-term debt of $4.5 million and our Term Loan B due 2016 of $2.9 million.

Net Cash Used in Financing Activities of Discontinued Operations. Represents the net cash used in Discontinued Operations related to financing activities. In the first nine months of 2012, the cash used in discontinued financing activities relates to fees paid by us to amend our 2010 Credit Facilities of $1.7 million.

Long-Term Debt. Our total outstanding long-term debt, including current maturities, was approximately $1.2 billion as of September 29, 2012, a decrease of $29.5 million from December 31, 2011. As of September 29, 2012, approximately 66% of our debt outstanding was subject to fixed interest rates. As of November 6, 2012, we had approximately $26.0 million borrowing availability under our 2010 Revolving Credit Facility. From time to time we may seek to refinance our debt obligations as business needs and market conditions warrant.

On June 8, 2012, we issued the Term Loan Add-On in the principal amount of $65 million, under our senior secured credit agreement, which includes a $170 million revolving credit facility due 2014, which we refer to as the 2010 Revolving Credit Facility, and a $380 million term loan due 2016, which we refer to as the Term Loan B, collectively we refer to as our 2010 Credit Facilities. The Term Loan Add-On was issued at a discount of approximately $0.7 million. Concurrently with the Term Loan Add-On, we amended the 2010 Credit Facilities, which we refer to as the Add-On Amendment, to allow for the repurchase of up to $135 million of our 7.875% Notes, subject to maintaining certain liquidity thresholds and other customary conditions. We capitalized debt issuance costs of $1.8 million, which will be amortized over the remaining life of the 2010 Credit Facilities. Consenting lenders received $2.0 million for the Add-On Amendment, of which $1.1 million was capitalized and will be amortized over the remaining life of our 2010 Credit Facilities. Additionally, the interest rate margin for all loans under the 2010 Credit Facilities increased to (i) 5.125% from 4.75% per annum for London Interbank Offered Rate (“LIBOR”) based loans and to (ii) 4.125% from 3.75% per annum for prime rate loans. The Add-On Amendment also delayed a step down in the maximum first lien leverage ratio covenant to 2.25x from 2.50x until the first quarter of 2013. Proceeds from the Term Loan Add-On were initially used to repay outstanding revolving credit borrowings and to pay related fees and expenses, which will provide capacity under the 2010 Revolving Credit Facility to repurchase the 7.875% Notes.

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On March 28, 2012, we issued $225 million aggregate principal amount of our 11.5% Notes that were sold with registration rights to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, and to certain non-U.S. persons in accordance with Regulation S under the Securities Act of 1933.  The 11.5% Notes were issued at a discount of approximately $8.3 million, of which $7.6 million remains unamortized as of September 29, 2012. The 11.5% Notes were issued pursuant to an indenture, which we refer to as the 11.5% Indenture, among us, certain subsidiary guarantors and U.S. Bank National Association, as trustee. We will pay interest on the 11.5% Notes semi-annually, in cash in arrears, on May 15 and November 15 of each year, commencing May 15, 2012. The 11.5% Notes have no required principal payments prior to their maturity on May 15, 2017.  The 11.5% Notes are guaranteed on a senior unsecured basis by us and substantially all of our existing and future North American subsidiaries. As such, the 11.5% Notes rank pari passu with all of our existing and future senior debt and senior to any of our subordinated debt. We may redeem the 11.5% Notes, in whole or in part, on or after May 15, 2015, at redemption prices ranging from 100.0% to approximately 105.75%, plus accrued and unpaid interest. In addition, at any time prior to May 15, 2015, we may redeem up to 35% of the aggregate principal amount of the notes originally issued with the net cash proceeds of certain public equity offerings, at a redemption price of 111.50% plus accrued and unpaid interest. We may also redeem some or all of the 11.5% Notes before May 15, 2015 at a redemption price of 100% of the principal amount, plus accrued and unpaid interest, if any, to the redemption date, plus a “make whole” premium. Each holder of the 11.5% Notes has the right to require us to repurchase such holder's notes at a purchase price of 101% of the principal amount thereof, plus accrued and unpaid interest thereon, upon the occurrence of certain events specified in the indenture that constitute a change of control. The 11.5% Indenture contains a number of covenants that, among other things, restrict, subject to certain exceptions, our ability and the ability of our subsidiaries, to incur or guarantee additional indebtedness, make restricted payments (including paying dividends on, redeeming or repurchasing our capital stock), permit restricted subsidiaries to pay dividends or make other distributions or payments, dispose of assets, make investments, grant liens on assets, merge or consolidate or transfer certain assets, and enter into transactions with affiliates. The 11.5% Indenture also contains certain customary affirmative covenants. In order to fulfill our registration rights obligations, on May 10, 2012, we launched a registered exchange offer, which we refer to as the Exchange Offer, to exchange any and all of our unregistered 11.5% Notes for publicly tradeable notes having substantially identical terms, except for the elimination of some transfer restrictions, registration rights and additional interest payments relating to the outstanding notes. The Exchange Offer expired on June 18, 2012.

Concurrently with the 11.5% Notes, we issued $86.3 million aggregate principal amount of its 7% Notes that were sold to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933.  The 7% Notes were issued pursuant to an indenture, which we refer to as the 7% Indenture, among us, certain subsidiary guarantors and U.S. Bank National Association, as trustee. We will pay interest on the 7% Notes semi-annually, in cash in arrears, on May 15 and November 15 of each year, commencing November 15, 2012. The 7% Notes have no required principal payments prior to their maturity on May 15, 2017.  The 7% Notes are guaranteed on a senior unsecured basis by us and substantially all of our North American subsidiaries. As such, the 7% Notes rank pari passu with all of our existing and future senior debt and senior to any of our subordinated debt. We may not redeem the notes at its option. Upon a fundamental change, as defined in the 7% Indenture, holders of 7% Notes may require us to repurchase all or a portion of such holder's notes for cash at a repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus any accrued and unpaid interest to, but excluding, the fundamental change repurchase date, as defined in the 7% Indenture. The 7% Indenture does not contain any financial covenants or any restrictions, among other things, on the payment of dividends, the incurrence of other indebtedness, or the issuance or repurchase of securities by us. The 7% Indenture does not contain any covenants or other provisions to protect holders of the notes in the event of a highly leveraged transaction or a change of control, except to the extent described in the 7% Indenture.

The 7% Notes are exchangeable at any time prior to the close of business on the business day immediately preceding the maturity date for shares of our common stock at an exchange rate of 241.5167 shares per $1,000 principal amount of 7% Notes, which is equal to an exchange price of approximately $4.14 per share, subject to adjustment under certain specified circumstances. This represents a premium of 22.5% above the last reported sale price of our common stock on the New York Stock Exchange on Thursday, March 22, 2012, which was $3.38 per share. If a holder elects to exchange notes in connection with a make-whole fundamental change, as described in the 7% Indenture, such holder may also be entitled to receive a make-whole premium upon exchange in certain circumstances.

Net proceeds of the 11.5% Notes and 7% Notes together with borrowings under our 2010 Revolving Credit Facility were used to fund the cash tender offers for any and all of our 8.375% Notes and 10.5% Notes, plus $45 million aggregate principal amount of our 7.875% Notes and to repurchase an additional $73.4 million of 7.875% Notes through open market, negotiated purchases to refinance such indebtedness, and to pay related fees and expenses. In connection with the issuance of the 11.5% Notes and the 7% Notes, we capitalized debt issuance costs of $6.0 million and $3.0 million, respectively, all of which will be amortized over the life of the 11.5% Notes and the 7% Notes.

In the third quarter of 2012, we purchased in the open market approximately $16.0 million of our 7.875% Notes and

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retired them for $16.2 million including accrued and unpaid interest. In connection with the retirement, we wrote-off of $0.1 million of unamortized debt issuance costs. Since September 29, 2012, we have purchased an additional $1.0 million of 7.875% Notes and retired them for $1.0 million including accrued and unpaid interest. In the second quarter of 2012, we purchased in the open market approximately $50.0 million of our 7.875% Notes and retired them for $49.5 million including accrued and unpaid interest. In connection with the retirement, we recorded a gain on early extinguishment of debt of $0.3 million, which includes the write-off of $0.1 million of unamortized debt issuance costs. In the first quarter of 2012 and prior to launching tender offers for our 7.875% Notes, 10.5% Notes and 8.375% Notes, we purchased in the open market approximately $13.8 million, $5.0 million and $2.0 million of our 7.875% Notes, 10.5% Notes and 8.375% Notes, respectively, and retired them for $12.2 million, $4.9 million and $1.6 million, respectively, including accrued and unpaid interest.

We expect to continue to repurchase the 7.875% Notes throughout the remainder of this year and into 2013. Per our 2010 Credit Facilities agreement, if on June 1, 2013 any of our 7.875% Notes remain outstanding, then all loans under the 2010 Credit Facilities, including our 2010 Revolving Credit Facility, our Term Loan B and our Term Loan Add-On, will mature on September 2, 2013. We announced that we have been evaluating several alternatives to address the 2013 maturity by the end of 2012, including an unsecured loan. We expect to finalize this process shortly and expect to announce a solution at that time. If we do not complete these transactions, we believe that our cash flow generation, the availability on our revolving credit facility and proceeds from the sale of real estate and non-core product lines currently being marketed by us, will be sufficient to address the remaining 7.875% Notes maturity.

Effective March 5, 2012, we increased our borrowing capacity under the 2010 Revolving Credit Facility to $170 million from $150 million as a result of receiving an additional commitment, as permitted under the 2010 Credit Facilities. On March 9, 2012, we repaid $34.7 million of Term Loan B as part of our required excess cash flow payment.

In February 2012, we amended our 2010 Credit Facilities, which we refer to as the 2012 Amendment, which includes 2010 Revolving Credit Facility and our $380 million term loan due 2016, which we refer to as our Term Loan B, to increase its restricted dispositions basket in connection with the sale of the Documents Group. The 2012 Amendment required that 25% of net proceeds be used to repay the Term Loan B and required that the remaining amount be used to reinvest in the business or refinance certain existing debt. On February 14, 2012, we repaid $9.5 million of the Term Loan B in connection with this provision. The 2012 Amendment required us to repay unsecured and second lien debt in an amount equal to 75% of the net proceeds. In connection with the 2012 Amendment we paid $1.7 million to consenting lenders and related fees.

Our 2010 Credit Facilities include financial covenants requiring us to operate within certain ratio thresholds with respect to our overall leverage, interest coverage, and first lien leverage. Failure to maintain these ratio thresholds, and/or failure to have effective internal controls would prevent us from borrowing additional amounts and could result in a default under the 2010 Credit Facilities.  Such default could cause the indebtedness outstanding under the 2010 Credit Facilities and, by reason of cross-acceleration or cross-default provisions, all of the other outstanding notes and any other indebtedness we may then have, to become immediately due and payable.

As the 2010 Credit Facilities have senior secured and first priority lien position in our capital structure and have the most restrictive covenants, therefore provided we are in compliance with the 2010 Credit Facilities, we would also be in compliance, in most circumstances, with our debt incurrence tests within all of our indentures.

As of September 29, 2012, we were in compliance with all debt agreement covenants.

Letters of Credit

On September 29, 2012, we had outstanding letters of credit of approximately $19.8 million related to performance and payment guarantees. Based on our experience with these arrangements, we do not believe that any obligations that may arise will be significant.

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Credit Ratings

Our current credit ratings are as follows:

Rating Agency	Corporate Rating	2010 Credit Facilities	8.875% Notes	11.5% Notes	7.875% Notes	Outlook	Last Update
Moody’s	B3	Ba3	B3	Caa2	Caa2	Negative	July 2012
Standard & Poor’s	B	BB-	B-	CCC+	CCC+	Negative	October 2012

In July 2012, Moody's Investors Services, which we refer to as Moody's, reaffirmed our Corporate Rating and the ratings on our 2010 Credit Facilities, 8.875% Notes, 11.5% Notes, and 7.875% Notes. The detail of our current ratings have been provided in the table above. In October 2012, Standard & Poor's Ratings Services, which we refer to as Standard & Poor's, reaffirmed our Corporate Rating and the ratings on our 2010 Credit Facilities, 8.875% Notes, 11.5% Notes and 7.875% Notes. The detail of our current ratings have been provided in the table above.

The terms of our existing debt do not have any rating triggers that impact our funding availability or influence our daily operations, including planned capital expenditures. We do not believe that our current ratings will unduly influence our ability to raise additional capital if and/or when needed. Some of our constituents closely track rating agency actions and would note any raising or lowering of our credit ratings; however, we believe that along with reviewing our credit ratings, additional quantitative and qualitative analysis must be performed to accurately judge our financial condition.

We expect that our internally generated cash flows and financing available under our 2010 Revolving Credit Facility will be sufficient to fund our working capital needs for the next twelve months; however, this cannot be assured.

Contractual Obligations

Contractual obligations disclosed in our 2011 Form 10-K increased by approximately $67.5 million as a result of our 2012 refinancing activities, the Term Loan Add-On and continued repurchases of our 7.875% Notes. Our expected future cash interest payments on long-term debt increased by approximately $80.1 million, primarily due to the extension of maturities on our outstanding debt and our outstanding long-term debt decreased by approximately $12.6 million, which excludes original issuance discounts.

Seasonality

Our print plants also experience seasonal variations. Revenues associated with consumer publications, such as holiday catalogs and automobile brochures tend to be concentrated from July through October. Revenues from annual reports are generally concentrated from February through April.  Revenues associated with the educational and scholastic market and promotional materials tend to decline in the summer. As a result of these seasonal variations, some of our print operations operate at or near capacity at certain times throughout the year. Our envelope market and certain segments of the direct mail market have historically experienced seasonality with a higher percentage of volume of products sold to these markets occurring during the fourth quarter of the year primarily related to holiday purchases.

Our general label business has historically experienced a seasonal increase to net sales during the first and second quarters of the year primarily resulting from the release of our product catalogs to the trade channel customers and our customers’ spring advertising campaigns. Our prescription label business has historically experienced seasonality in net sales due to cold and flu seasons generally concentrated in the fourth and first quarters of the year. As a result of these seasonal variations, some of our label operations operate at or near capacity at certain times throughout the year.

New Accounting Pronouncements

We are required to adopt certain new accounting pronouncements. See Note 1 to our condensed consolidated financial statements included herein.

Available Information

Our Internet address is: www.cenveo.com. We make available free of charge through our website our Annual Report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed pursuant to

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Section 13(a) or 15(d) of the Securities Exchange Act of 1934 as soon as reasonably practicable after such documents are filed electronically with the SEC. In addition, our earnings conference calls are archived for replay on our website.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

We are exposed to market risks such as changes in interest and foreign currency exchange rates, which may adversely affect our results of operations and financial position.

As of September 29, 2012, we had variable rate debt outstanding of $418.8 million. Our Term Loan B is subject to a London Interbank Offered Rate, which we refer to as LIBOR, floor of 1.5%. As such, a change of 1% to current LIBOR rates would have a minimal impact to our interest expense.

Our changes in foreign currency exchange rates are managed through normal operating and financing activities. We have foreign operations, primarily in Canada and India, and thus are exposed to market risk for changes in foreign currency exchange rates. For the three and nine months ended September 29, 2012, a uniform 10% strengthening of the United States dollar relative to the local currency of our foreign operations would have resulted in a decrease in sales of approximately $2.1 million and $6.4 million, respectively, and operating income of approximately $0.2 million and $0.5 million, respectively.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our management, with the participation of our Chief Executive Officer and our Chief Financial Officer, carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (“Exchange Act”)) as of September 29, 2012. Based on that evaluation, our Chief Executive Officer and our Chief Financial Officer concluded that our disclosure controls and procedures were effective as of September 29, 2012 in order to provide reasonable assurance that information required to be disclosed by the Company in its filings under the Exchange Act was recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission.

Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting (as defined in the Exchange Act Rule 13a-15(f) and 15d-15(f)) during the quarter ended September 29, 2012 that have materially affected or are reasonably likely to materially affect, our internal control over financial reporting.

Inherent Limitations on Effectiveness of Controls

Our management, including our Chief Executive Officer and our Chief Financial Officer, does not expect that our disclosure controls or our internal control over financial reporting will prevent or detect all errors and all fraud. A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control system’s objectives will be met. Our disclosure controls and procedures are designed to provide reasonable assurance of achieving their objectives. The design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Further, because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that misstatements due to error or fraud will not occur or that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake. Controls can also be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the controls. The design of any system of controls is based in part on certain assumptions about the likelihood of future events and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Projections of any evaluation of controls effectiveness to future periods are subject to risks. Over time, controls may become inadequate because of changes in conditions or deterioration in the degree of compliance with policies or procedures.

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PART II. OTHER INFORMATION

Item 1. Legal Proceedings

From time to time we may be involved in claims or lawsuits that arise in the ordinary course of business. Accruals for claims or lawsuits have been provided for to the extent that losses are deemed probable and estimable. Although the ultimate outcome of these claims or lawsuits cannot be ascertained, on the basis of present information and advice received from counsel, it is our opinion that the disposition or ultimate determination of such claims or lawsuits will not have a material adverse effect on our consolidated financial statements.

In January of 2012, we reached an agreement with all parties to settle all controversies and disputes with prejudice in connection with certain civil litigations filed in the United States District Court for the Northern District of New York and in the Superior Court of New Jersey, Burlington County. We funded this settlement in the first quarter of 2012.

In September of 2011, we reached an agreement with all defendants to settle all controversies and disputes and agreed to dismiss all claims against the defendants with prejudice in connection with a civil litigation filed in Minneapolis, Minnesota. This settlement was received in the third quarter of 2011.

In the case of administrative proceedings related to environmental matters involving governmental authorities, we do not believe that any imposition of monetary damages or fines would be material.

Item 1A. Risk Factors

In addition to the other information set forth in this report, you should carefully consider the factors discussed in Part I, “Item 1A. Risk factors” in our Annual Report on Form 10-K for the year ended December 31, 2011, which could materially affect our business, financial condition or future results. The risks described in our Annual Report on Form 10-K are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition and/or operating results. 

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Item 6.	Exhibits
Exhibit Number		Description
2.1	Stock Purchase Agreement dated as of July 17, 2007 among Cenveo Corporation, Commercial Envelope Manufacturing Co., Inc. and its shareholders—incorporated by reference to Exhibit 2.1 to registrant’s current report on Form 8-K filed July 20, 2007.
3.1	Articles of Incorporation—incorporated by reference to Exhibit 3(i) of the registrant’s quarterly report on Form 10-Q for the quarter ended June 30, 1997, filed August 14, 1997.
3.2	Articles of Amendment to the Articles of Incorporation dated May 17, 2004—incorporated by reference to Exhibit 3.2 to registrant’s quarterly report on Form 10-Q for the quarter ended June 30, 2004, filed August 2, 2004.
3.3	Amendment to Articles of Incorporation and Certificate of Designations of Series A Junior Participating Preferred Stock of the Registrant dated April 20, 2005—incorporated by reference to Exhibit 3.1 to registrant’s current report on Form 8-K filed April 21, 2005.
3.4	Bylaws as amended and restated effective February 22, 2007—incorporated by reference to Exhibit 3.2 to registrant’s current report on Form 8-K filed August 30, 2007.
4.1	Indenture dated as of February 4, 2004 between Mail-Well I Corporation, the Guarantors named therein and U.S. Bank National Association, as Trustee, and Form of Senior Subordinated Note and Guarantee relating to Mail-Well I Corporation’s 7.875% Senior Subordinated Notes due 2013—incorporated by reference to Exhibit 4.5 to registrant’s annual report on Form 10-K for the year ended December 31, 2003, filed February 27, 2004.
4.2	Supplemental Indenture, dated as of June 21, 2006 among Cenveo Corporation (f/k/a Mail-Well I Corporation), the Guarantors named therein and U.S. Bank National Association, as Trustee, to the Indenture dated as of February 4, 2004 relating to the 7.875% Senior Subordinated Notes due 2013—incorporated by reference to Exhibit 4.2 to registrant’s current report on Form 8-K filed June 27, 2006.

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4.3	Third Supplemental Indenture, dated as of March 7, 2007 among Cenveo Corporation (f/k/a Mail-Well I Corporation), the Guarantors named therein and U.S. Bank National Association, as Trustee, to the Indenture dated as of February 4, 2004 relating to the 7.875% Senior Subordinated Notes due 2013—incorporated by reference to Exhibit 4.7 to registrant’s quarterly report on Form 10-Q for the quarter ended March 31, 2007, filed May 9, 2007.
4.4	Fourth Supplemental Indenture, dated as of July 9, 2007 among Cenveo Corporation (f/k/a Mail-Well I Corporation), the Guarantors named therein and U.S. Bank National Association, as Trustee, to the Indenture dated as of February 4, 2004 relating to the 7.875% Senior Subordinated Notes due 2013—incorporated by reference to Exhibit 4.8 to registrant’s quarterly report on Form 10-Q for the quarter ended June 30, 2007, filed August 8, 2007.
4.5	Fifth Supplemental Indenture, dated as of August 30, 2007 among Cenveo Corporation (f/k/a Mail-Well I Corporation), the Guarantors named therein and U.S. Bank National Association, as Trustee, to the Indenture dated as of February 4, 2004 relating to the 7.875% Senior Subordinated Notes due 2013—incorporated by reference to Exhibit 4.6 to registrant’s quarterly report on Form 10-Q for the quarter ended September 29, 2007, filed November 8, 2007.
4.6	Sixth Supplemental Indenture, dated as of April 16, 2008 among Cenveo Corporation (f/k/a Mail-Well I Corporation), the Guarantors named therein and U.S. Bank National Association, as Trustee, to the Indenture dated as of February 4, 2004 relating to the 7.875% Senior Subordinated Notes due 2013—incorporated by reference to Exhibit 4.7 to registrant’s quarterly report on Form 10-Q for the quarter ended June 28, 2008, filed August 7, 2008.
4.7	Seventh Supplemental Indenture, dated as of August 20, 2008 among Cenveo Corporation (f/k/a Mail-Well I Corporation), the Guarantors named therein and U.S. Bank National Association, as Trustee, to the Indenture dated as of February 4, 2004 relating to the 7.875% Senior Subordinated Notes due 2013—incorporated by reference to Exhibit 4.8 to registrant’s quarterly report on Form 10-Q for the quarter ended September 27, 2008, filed November 5, 2008.
4.8	Eighth Supplemental Indenture, dated as of October 15, 2009 among Cenveo Corporation (f/k/a Mail-Well I Corporation), the Guarantors named therein and U.S. Bank National Association, as Trustee, to the Indenture dated as of February 4, 2004 relating to the 7.875% Senior Subordinated Notes due 2013—incorporated by reference to Exhibit 4.1 to registrant’s current report on Form 8-K filed October 16, 2009.
4.9	Ninth Supplemental Indenture, dated as of December 21, 2010 among Cenveo Corporation (f/k/a Mail-Well I Corporation), the Guarantors named therein and U.S. Bank National Association, as Trustee, to the Indenture dated as of February 4, 2004 relating to the 7.875% Senior Subordinated Notes due 2013—incorporated by reference to Exhibit 4.9 to registrant’s annual report on Form 10-K for the year ended January 1, 2011, filed March 2, 2011.
4.10	Tenth Supplemental Indenture, dated as of March 2, 2011 among Cenveo Corporation (f/k/a Mail-Well I Corporation), the Guarantors named therein and U.S. Bank National Association, as Trustee, to the Indenture dated as of February 4, 2004 relating to the 7.875% Senior Subordinated Notes due 2013—incorporated by reference to Exhibit 4.10 to registrant’s quarterly report on Form 10-Q for the quarter ended April 2, 2011, filed May 11, 2011.
4.11	Indenture, dated as of June 15, 2004, among Cadmus Communications Corporation, the Guarantors named therein and Wachovia Bank, National Association, as Trustee, relating to the 8.375% Senior Subordinated Notes due 2014—incorporated by reference to Exhibit 4.9 to Cadmus Communications Corporation’s registration statement on Form S-4 filed August 24, 2004.

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4.12	First Supplemental Indenture, dated as of March 1, 2005, to the Indenture dated as of June 15, 2004, among Cadmus Communications Corporation, the Guarantors named therein Mack Printing, LLC and Wachovia Bank, National Association, as Trustee, relating to the 8.375% Senior Subordinated Notes due 2014—incorporated by reference to Exhibit 4.9.1 to Cadmus Communications Corporation’s quarterly report on Form 10-Q for the quarter ended March 31, 2005, filed May 13, 2005.
4.13	Second Supplemental Indenture, dated as of May 19, 2006, to the Indenture dated as of June 15, 2004, among Cadmus Communications Corporation, the Guarantors named therein and U.S. Bank National Association (successor to Wachovia Bank, National Association), as Trustee, relating to the 8.375% Senior Subordinated Notes due 2014—incorporated by reference to Exhibit 4.9.2 to Cadmus Communications Corporation’s annual report on Form 10-K for the year ended July 1, 2006, filed September 13, 2006.
4.14	Third Supplemental Indenture, dated as of March 7, 2007, to the Indenture dated as of June 15, 2004, among Cenveo Corporation (as successor to Cadmus Communications Corporation), the Guarantors named therein and U.S. Bank National Association (successor to Wachovia Bank, National Association), as Trustee, relating to the 8.375% Senior Subordinated Notes due 2014—incorporated by reference to Exhibit 4.11 to registrant’s quarterly report on Form 10-Q for the quarter ended March 31, 2007, filed May 9, 2007.
4.15	Fourth Supplemental Indenture, dated as of July 9, 2007, to the Indenture dated as of June 15, 2004, among Cenveo Corporation (as successor to Cadmus Communications Corporation), the Guarantors named therein and U.S. Bank National Association (successor to Wachovia Bank, National Association), as Trustee, relating to the 8.375% Senior Subordinated Notes due 2014—incorporated by reference to Exhibit 4.13 to registrant’s quarterly report on Form 10-Q for the quarter ended June 30, 2007, filed August 8, 2007.
4.16	Fifth Supplemental Indenture, dated as of August 30, 2007, to the Indenture dated as of June 15, 2004, among Cenveo Corporation (as successor to Cadmus Communications Corporation), the Guarantors named therein and U.S. Bank National Association (successor to Wachovia Bank, National Association), as Trustee, relating to the 8.375% Senior Subordinated Notes due 2014—incorporated by reference to Exhibit 4.13 to registrant’s quarterly report on Form 10-Q for the quarter ended September 29, 2007, filed November 8, 2007.
4.17	Sixth Supplemental Indenture, dated as of November 7, 2007, to the Indenture dated as of June 15, 2004, among Cenveo Corporation (as successor to Cadmus Communications Corporation), the Guarantors named therein and U.S. Bank National Association (successor to Wachovia Bank, National Association), as Trustee, relating to the 8.375% Senior Subordinated Notes due 2014—incorporated by reference to Exhibit 4.12 to registrant’s annual report on Form 10-K for the year ended December 29, 2007, filed March 28, 2008.
4.18	Seventh Supplemental Indenture, dated as of April 16, 2008, to the Indenture dated as of June 15, 2004, among Cenveo Corporation (as successor to Cadmus Communications Corporation), the Guarantors named therein and U.S. Bank National Association (successor to Wachovia Bank, National Association), as Trustee, relating to the 8.375% Senior Subordinated Notes due 2014—incorporated by reference to Exhibit 4.16 to registrant’s quarterly report on Form 10-Q for the quarter ended June 28, 2008, filed August 7, 2008.
4.19	Eighth Supplemental Indenture, dated as of August 20, 2008, to the Indenture dated as of June 15, 2004, among Cenveo Corporation (as successor to Cadmus Communications Corporation), the Guarantors named therein and U.S. Bank National Association (successor to Wachovia Bank, National Association), as Trustee, relating to the 8.375% Senior Subordinated Notes due 2014—incorporated by reference to Exhibit 4.18 to registrant’s quarterly report on Form 10-Q for the quarter ended September 27, 2008, filed November 5, 2008.

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4.20

Ninth Supplemental Indenture, dated as of October 15, 2009, to the Indenture dated as of June 15, 2004, among Cenveo Corporation (as successor to Cadmus Communications Corporation), the Guarantors named therein and U.S. Bank National Association (successor to Wachovia Bank, National Association), as Trustee, relating to the 8.375% Senior Subordinated Notes due 2014—incorporated by reference to Exhibit 4.2 to registrant’s current report on Form 8-K filed October 16, 2009.

4.21

Tenth Supplemental Indenture, dated as of December 21, 2010, to the Indenture dated as of June 15, 2004, among Cenveo Corporation (as successor to Cadmus Communications Corporation), the Subsidiary Guarantors named therein and U.S. Bank National Association (successor to Wachovia Bank, National Association), as Trustee, relating to the 8.375% Senior Subordinated Notes due 2014—incorporated by reference to Exhibit 4.20 to registrant’s annual report on Form 10-K for the year ended January 1, 2011, filed March 2, 2011.

4.22	Eleventh Supplemental Indenture, dated as of March 2, 2011, to the Indenture dated as of June 15, 2004, among Cenveo Corporation (as successor to Cadmus Communications Corporation), the  Guarantors named therein and U.S. Bank National Association (successor to Wachovia Bank, National Association), as Trustee, relating to the 8.375% Senior Subordinated Notes due 2014—incorporated by reference to Exhibit 4.22 to registrant’s quarterly report on Form 10-Q for the quarter ended April 2, 2011, filed May 11, 2011.
4.23	Twelfth Supplemental Indenture, dated as of March 28, 2012, by and among Cenveo Corporation (as successor to Cadmus Communications Corporation), the subsidiary guarantors named therein and U.S. Bank National Association, as Trustee, to the indenture dated as of June 15, 2004, relating to the 8.375% Senior Subordinated Notes due 2014—incorporated by reference to Exhibit 4.1 to registrant's current report on Form 8-K filed March 30, 2012.
4.24	Indenture dated as of February 5, 2010 among Cenveo Corporation, the Guarantors named therein and Wells Fargo Bank, National Association, as Trustee, relating to the 8.875% Notes of Cenveo Corporation —incorporated by reference to Exhibit 4.1 to registrant’s current report on Form 8-K filed February 9, 2010.
4.25	First Supplemental Indenture, dated as of December 21, 2010, to the Indenture dated as of February 5, 2010 among Cenveo Corporation, the Guarantors named therein and Wells Fargo Bank, National Association, as Trustee, relating to the 8.875% Notes of Cenveo Corporation—incorporated by reference to Exhibit 4.28 to registrant’s annual report on Form 10-K for the year ended January 1, 2011, filed March 2, 2011.
4.26	Second Supplemental Indenture, dated as of March 2, 2011, to the Indenture dated as of February 5, 2010 among Cenveo Corporation, the Guarantors named therein and Wells Fargo Bank, National Association, as Trustee, relating to the 8.875% Notes of Cenveo Corporation—incorporated by reference to Exhibit 4.32 to registrant’s quarterly report on Form 10-Q for the quarter ended April 2, 2011, filed May 11, 2011.
4.27	Form of Guarantee issued by Cenveo, Inc. and the other Guarantors named therein relating to the 8.875% Notes of Cenveo Corporation—incorporated by reference to Exhibit 4.2 to registrant’s current report on Form 8-K filed February 9, 2010.

4.28	Form of Note issued by Cenveo Corporation—incorporated by reference to Exhibit 4.2 to registrant's current report on Form 8-K filed February 9, 2010.
4.29	Registration Rights Agreement dated as of February 5, 2010 among Cenveo Corporation, Cenveo, Inc., the other Guarantors named therein and the initial purchasers named therein—incorporated by reference to Exhibit 4.3 to registrant’s current report on Form 8-K filed February 9, 2010.

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4.30	Intercreditor Agreement dated as of February 5, 2010 among Cenveo Corporation, Cenveo, Inc., the other Guarantors named therein and the initial purchasers named therein—incorporated by reference to Exhibit 4.4 to registrant’s current report on Form 8-K filed February 9, 2010.
4.31	Second Lien Pledge and Security Agreement dated as of February 5, 2010 among Cenveo Corporation, Cenveo, Inc., the other grantors named therein and Wells Fargo Bank, National Association, as collateral agent—incorporated by reference to Exhibit 4.28 to registrant’s annual report on Form 10-K for the year ended January 2, 2010, filed March 3, 2010.
4.32	Second Lien Intellectual Property Security Agreement dated as of February 5, 2010 among Cenveo Corporation, Cenveo, Inc., the other grantors named therein and Wells Fargo Bank, National Association, as collateral agent—incorporated by reference to Exhibit 4.29 to registrant’s annual report on Form 10-K for the year ended January 2, 2010, filed March 3, 2010.
4.33	Indenture, dated as of March 28, 2012, by and among the Company, Cenveo Corporation, the other guarantors named therein and U.S. Bank National Association, as Trustee, relating to the 11.5% Notes—incorporated by reference to Exhibit 4.3 to registrant's current report on Form 8-K filed March 30, 2012.
4.34	Form of Guarantee issued by the Company and the other guarantors named therein relating to the 11.5% Notes—incorporated by reference to Exhibit 4.4 to registrant's current report on Form 8-K filed March 30, 2012.
4.35	Registration Rights Agreement, dated as of March 28, 2012, among the Company, Cenveo Corporation, the other guarantors named therein and the initial purchasers named therein relating to the 11.5% Notes—incorporated by reference to Exhibit 4.7 to registrant's current report on Form 8-K filed March 30, 2012.
4.36	Indenture, dated as of March 28, 2012, by and among the Company, Cenveo Corporation, the other guarantors named therein and U.S. Bank National Association, as Trustee, relating to the 7% Notes—incorporated by reference to Exhibit 4.5 to registrant's current report on Form 8-K filed March 30, 2012.
4.37	Form of Guarantee issued by the Company and the other guarantors named therein relating to the 7% Notes—incorporated by reference to Exhibit 4.5 to registrant's current report on Form 8-K filed March 30, 2012.
10.1	Credit Agreement Supplement, dated as of June 5, 2012, among Cenveo Corporation, Cenveo, Inc., Bank of America, N.A., as Administrative Agent, and Bank of America, N.A., as Incremental Term Loan Lender-incorporated by reference to Exhibit 10.1 to registrant's current report on Form 8-K filed June 8, 2012.
10.2	Third Amendment, dated as of June 5, 2012, to Credit Agreement dated as of December 21, 2010 among Cenveo Corporation, Cenveo, Inc., Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, and the other lenders party thereto-incorporated by reference to Exhibit 10.2 to registrant's current report on Form 8-K filed June 8, 2012.
31.1*	Certification by Robert G. Burton, Sr., Chief Executive Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2*	Certification by Scott J. Goodwin, Chief Financial Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

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32.1*	Certification of the Chief Executive Officer and of the Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, furnished as an exhibit to this report on Form 10-Q.
101.INS**	XBRL Instance Document.
101.SCH**	XBRL Taxonomy Extension Schema Document.
101.CAL**	XBRL Taxonomy Extension Calculation Linkbase Document.
101.LAB**	XBRL Taxonomy Extension Label Linkbase Document.
101.PRE**	XBRL Taxonomy Extension Presentation Linkbase Document.
101.DEF**	XBRL Taxonomy Extension Definition Linkbase Document.

________________________

+Management contract or compensatory plan or arrangement.

*Filed herewith.

**Furnished herewith.

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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on November 7, 2012.

CENVEO, INC.
By:	/s/ Robert G. Burton, Sr.
	Robert G. Burton, Sr.
	Chairman and Chief Executive Officer
	(Principal Executive Officer)
By:	/s/ Scott J. Goodwin
	Scott J. Goodwin
	Chief Financial Officer
	(Principal Financial Officer and
	Principal Accounting Officer)

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EX-31.1

Exhibit 31.1

CERTIFICATIONS

I, Robert G. Burton, Sr., certify that:

1. I have reviewed this quarterly report on Form 10-Q of Cenveo, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:  November 7, 2012	/s/ ROBERT G. BURTON, SR.
	Robert G. Burton, Sr.
	Chairman and Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATIONS

I, Scott J. Goodwin, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Cenveo, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:  November 7, 2012	/s/ SCOTT J. GOODWIN
	Scott J. Goodwin
	Chief Financial Officer

EX-32.1

Exhibit 32.1

Certification Pursuant

to 18 U.S.C. Section 1350

As Adopted Pursuant to

Section 906 of the Sarbanes-Oxley Act of 2002

Pursuant to section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code), each of the undersigned officers of Cenveo, Inc., a Colorado corporation (the ''Company''), does hereby certify, to the best of such officer's knowledge, that:

The Quarterly Report on Form 10-Q for the three and nine month period ended September 29, 2012 (the ''Form 10-Q'') of the Company fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934 and information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date:  November 7, 2012	/s/ ROBERT G. BURTON, SR.
	Robert G. Burton, Sr.
	Chairman and Chief Executive Officer

Date:  November 7, 2012	/s/ SCOTT J. GOODWIN
	Scott J. Goodwin
	Chief Financial Officer

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Cenveo, Inc. and will be retained by Cenveo, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

The foregoing certification is being furnished solely pursuant to section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code) and is not being filed as part of the Form 10-Q or as a separate disclosure document.

XML

Acquisitions Pro Forma Financial Information of EPG (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 29, 2012	Oct. 01, 2011	Sep. 29, 2012	Oct. 01, 2011
Business Acquisition [Line Items]
Net sales	$ 451,274	$ 475,835	$ 1,345,764	$ 1,422,705
Operating income (loss)	34,988	33,225	78,200	78,762
Income (loss) from continuing operations	4,658	1,274	(17,888)	735
Net income (loss)	4,475	2,805	(23,144)	5,963
Continuing operations per share - basic	$ 0.07	$ 0.02	$ (0.28)	$ 0.01
Discontinued operations per share - basic	$ 0.00	$ 0.02	$ (0.08)	$ 0.08
Net income (loss) per share - basic	$ 0.07	$ 0.04	$ (0.36)	$ 0.09
Basic shares	63,624	63,068	63,502	62,891
Diluted shares	84,544	63,197	63,502	63,157
Acquisitions (Phantom Tag) [Abstract]
Continuing operations per share - diluted	$ 0.06	$ 0.02	$ (0.28)	$ 0.01
Discontinued operations per share - diluted	$ 0.00	$ 0.02	$ (0.08)	$ 0.08
Net income (loss) per share - diluted	$ 0.06	$ 0.04	$ (0.36)	$ 0.09
Envelope Product Group Acquisition [Member]
Business Acquisition [Line Items]
Net sales				1,443,487
Operating income (loss)				83,526
Income (loss) from continuing operations				(3,497)
Net income (loss)				$ 1,731
Continuing operations per share - basic				$ (0.05)
Discontinued operations per share - basic				$ 0.08
Net income (loss) per share - basic				$ 0.03
Basic shares				62,891
Diluted shares				62,891
Acquisitions (Phantom Tag) [Abstract]
Continuing operations per share - diluted				$ (0.05)
Discontinued operations per share - diluted				$ 0.08
Net income (loss) per share - diluted				$ 0.03

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Retirement Plans (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 29, 2012	Oct. 01, 2011	Sep. 29, 2012	Oct. 01, 2011
Components of the net periodic expense of pension and other post retirement plans [Line Items]
Service cost	$ 415,000	$ 440,000	$ 1,449,000	$ 1,097,000
Interest cost	3,642,000	3,722,000	10,908,000	11,265,000
Expected return on plan assets	(4,141,000)	(4,094,000)	(12,657,000)	(12,275,000)
Net amortization and deferral	(1,000)	(2,000)	(3,000)	(4,000)
Recognized net actuarial loss	1,562,000	190,000	4,818,000	822,000
Net periodic expense	1,477,000	256,000	4,515,000	905,000
Pension and Other Postretirement Benefit Contributions [Abstract]
Company Contributions			15,700,000
Estimated Future Company Contributions in Current Fiscal Year	2,700,000		2,700,000
Other Postretirement Benefit Plans, Defined Benefit [Member]
Components of the net periodic expense of pension and other post retirement plans [Line Items]
Interest cost	$ 200,000	$ 200,000	$ 700,000	$ 600,000

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Goodwill and Other Intangible Assets Intangible assets with determinable lives (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 29, 2012	Dec. 31, 2011
Finite-Lived Intangible Assets [Abstract]
Intangible asset useful life	13 years
Gross Carrying Amount	$ 194,235	$ 194,771
Accumulated Impairment Charges	(27,234)	(27,234)
Accumulated Amortization	(71,245)	(63,714)
Net Carrying Amount	95,756	103,823
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross Carrying Amount	335,975	336,511
Accumulated Impairment Charges	(49,234)	(49,234)
Accumulated Amortization	(71,245)	(63,714)
Net Carrying Amount	215,496	223,563
Trademarks [Member]
Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]
Gross Carrying Amount	141,740	141,740
Accumulated Impairment Charges	(22,000)	(22,000)
Net Carrying Amount	119,740	119,740
Customer Relationships [Member]
Finite-Lived Intangible Assets [Abstract]
Intangible asset useful life	11 years
Gross Carrying Amount	166,715	166,652
Accumulated Impairment Charges	(27,234)	(27,234)
Accumulated Amortization	(61,600)	(54,911)
Net Carrying Amount	77,881	84,507
Trademarks and tradenames [Member]
Finite-Lived Intangible Assets [Abstract]
Intangible asset useful life	23 years
Gross Carrying Amount	23,482	23,481
Accumulated Impairment Charges	0	0
Accumulated Amortization	(6,361)	(5,620)
Net Carrying Amount	17,121	17,861
Patents [Member]
Finite-Lived Intangible Assets [Abstract]
Intangible asset useful life	9 years
Gross Carrying Amount	3,528	3,528
Accumulated Impairment Charges	0	0
Accumulated Amortization	(2,789)	(2,583)
Net Carrying Amount	739	945
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Abstract]
Intangible asset useful life
Gross Carrying Amount	510	510
Accumulated Impairment Charges	0	0
Accumulated Amortization	(495)	(439)
Net Carrying Amount	15	71
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Abstract]
Gross Carrying Amount	0	600
Accumulated Impairment Charges	0	0
Accumulated Amortization	0	(161)
Net Carrying Amount	$ 0	$ 439

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Stock-Based Compensation (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 29, 2012	Oct. 01, 2011	Sep. 29, 2012	Oct. 01, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 1,500,000	$ 2,100,000	$ 4,445,000	$ 7,129,000
Unrecognized compensation cost related to unvested share-based compensation grants	$ 6,000,000		$ 6,000,000
Weighted average amortization period of unvested share-based compensation grants			1 year 10 months 24 days
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cancelation or forfeiture of stock options	735,150		894,480
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation awards	363,125		795,459
Cancelation or forfeiture of RSU's	1,875		21,875

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Property, Plant and Equipment (Narrative) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 29, 2012	Oct. 01, 2011
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Number of manufacturing facilities sold		4
Proceeds from the sale of long-lived assets		9.6
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Proceeds from the sale of long-lived assets		1.0
Print and envelope [Member] | Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Number of owned properties available for sale	2
Assets available for sale	5.9
Print and envelope [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Number of manufacturing facilities sold	1	2
Proceeds from the sale of long-lived assets	$ 1.4
Label and packaging [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Number of manufacturing facilities sold		2

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Restructuring, Impairment and Other Charges (Tables)

9 Months Ended

Sep. 29, 2012

Restructuring, Impairment and Other Charges [Abstract]

Schedule of Restructuring and Related Costs [Table Text Block]

The following tables present the details of the expenses recognized as a result of these plans.

2012 Activity

Restructuring, impairment and other charges for the three months ended September 29, 2012 were as follows (in thousands):

		Employee Separation Costs		Asset Impairments net of gain on sale			Equipment Moving Expenses		Lease Termination Expenses			Multi-employer Pension Withdrawal Expenses		Building Clean-up & Other Expenses		Total
Print and Envelope
	2012 Plan	$	1,200	$	(3	)	$	20	$	6		$	—	$	180	$	1,403
	Residual Plans	112		—			8		5			169		107		401
	Acquisition Integration Plans	657		792			43		125			—		69		1,686
Total Print and Envelope		1,969		789			71		136			169		356		3,490
Label and Packaging
	2012 Plan	632		—			—		—			—		2		634
	Residual Plans	26		—			—		(9		)	—		—		17
Total Label and Packaging		658		—			—		(9		)	—		2		651
Corporate
	Residual Plans	—		—			—		—			—		49		49
Total Corporate		—		—			—		—			—		49		49
Total Restructuring, Impairment and Other Charges		$	2,627	$	789		$	71	$	127		$	169	$	407	$	4,190

Restructuring, impairment and other charges for the nine months ended September 29, 2012 were as follows (in thousands):

		Employee Separation Costs		Asset Impairments net of gain on sale		Equipment Moving Expenses			Lease Termination Expenses		Multi-employer Pension Withdrawal Expenses			Building Clean-up & Other Expenses		Total
Print and Envelope
	2012 Plan	$	3,444	$	6,631	$	532		$	342	$	5,400		$	1,251	$	17,600
	Residual Plans	451		—		47			219		(313		)	964		1,368
	Acquisition Integration Plans	953		824		88			176		—			238		2,279
Total Print and Envelope		4,848		7,455		667			737		5,087			2,453		21,247
Label and Packaging
	2012 Plan	709		—		6			—		—			13		728
	Residual Plans	382		—		—			43		—			4		429
	Acquisition Integration Plans	—		—		(4		)	—		—			—		(4		)
Total Label and Packaging		1,091		—		2			43		—			17		1,153
Corporate
	Residual Plans	—		—		—			—		—			166		166
Total Corporate		—		—		—			—		—			166		166
Total Restructuring, Impairment and Other Charges		$	5,939	$	7,455	$	669		$	780	$	5,087		$	2,636	$	22,566

2011 Activity

Restructuring, impairment and other charges for the three months ended October 1, 2011 were as follows (in thousands):

		Employee Separation Costs			Asset Impairments net of gain on sale		Equipment Moving Expenses		Lease Termination Expenses		Multi-employer Pension Withdrawal Expenses		Building Clean-up & Other Expenses		Total
Print and Envelope
	Residual Plans	$	216		$	42	$	53	$	508	$	1,352	$	561	$	2,732
	Acquisition Integration Plans	710			131		543		17		—		90		1,491
Total Print and Envelope		926			173		596		525		1,352		651		4,223
Label and Packaging
	Residual Plans	346			—		—		23		—		—		369
	Acquisition Integration Plans	(14		)	—		—		—		—		—		(14		)
Total Label and Packaging		332			—		—		23		—		—		355
Corporate
	Residual Plans	—			—		—		8		—		99		107
Total Corporate		—			—		—		8		—		99		107
Total Restructuring, Impairment and Other Charges		$	1,258		$	173	$	596	$	556	$	1,352	$	750	$	4,685

Restructuring, impairment and other charges for the nine months ended October 1, 2011 were as follows (in thousands):

		Employee Separation Costs		Asset Impairments net of gain on sale		Equipment Moving Expenses		Lease Termination Expenses			Multi-employer Pension Withdrawal Expenses		Building Clean-up & Other Expenses			Total
Print and Envelope
	Residual Plans	$	607	$	1,943	$	606	$	1,572		$	1,352	$	2,225		$	8,305
	Acquisition Integration Plans	1,766		638		1,560		25			—		260			4,249
Total Print and Envelope		2,373		2,581		2,166		1,597			1,352		2,485			12,554
Label and Packaging
	Residual Plans	937		—		—		(158		)	—		(28		)	751
	Acquisition Integration Plans	39		130		76		6			—		175			426
Total Label and Packaging		976		130		76		(152		)	—		147			1,177
Corporate
	Residual Plans	—		—		—		82			—		164			246
Total Corporate		—		—		—		82			—		164			246
Total Restructuring, Impairment and Other Charges		$	3,349	$	2,711	$	2,242	$	1,527		$	1,352	$	2,796		$	13,977

Restructuring liabilities [Table Text Block]

A summary of the activity related to the restructuring liabilities for all the cost savings, restructuring and integration initiatives were as follows (in thousands):

	Employee Separation Cost			Lease Termination			Pension Withdrawal Liabilities			Building Clean-up, Equipment Moving and Other Expenses			Total
2012 Plan
Balance as of December 31, 2011	$	—		$	—		$	—		$	—		$	—
Accruals, net	4,153			342			5,400			1,802			11,697
Payments	(3,124		)	(72		)	—			(1,802		)	(4,998		)
Balance as of September 29, 2012	$	1,029		$	270		$	5,400		$	—		$	6,699
Residual Plans
Balance as of December 31, 2011	$	1,071		$	3,804		$	22,538		$	—		$	27,413
Accruals, net	833			262			(313		)	1,181			1,963
Payments	(1,604		)	(1,702		)	(2,001		)	(1,181		)	(6,488		)
Balance as of September 29, 2012	$	300		$	2,364		$	20,224		$	—		$	22,888
Acquisition Integration Plans
Balance as of December 31, 2011	$	492		$	1,346		$	—		$	—		$	1,838
Accruals, net	953			176			—			322			1,451
Payments	(773		)	(331		)	—			(322		)	(1,426		)
Balance as of September 29, 2012	$	672		$	1,191		$	—		$	—		$	1,863

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Income (Loss) Per Share (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 29, 2012	Oct. 01, 2011	Sep. 29, 2012	Oct. 01, 2011
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount			25,066,150	5,731,478
Income (Loss) per Share - Basic [Abstract]
Income (loss) from continuing operations	$ 4,658	$ 1,274	$ (17,888)	$ 735
Income (loss) from discontinued operations, net of taxes	(183)	1,531	(5,256)	5,228
Net income (loss)	4,475	2,805	(23,144)	5,963
Income (Loss) per Share - Diluted [Abstract]
Income (loss) from continuing operations	4,658	1,274	(17,888)	735
Income (loss) from discontinued operations, net of taxes	(183)	1,531	(5,256)	5,228
Net income for diluted income (loss) per share after assumed conversions of dilutive shares	5,495	2,805	(23,144)	5,963
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Basic shares	63,624,000	63,068,000	63,502,000	62,891,000
Dilutive effect of convertible notes	20,831,000	0	0	0
Dilutive effect of equity awards	89,000	129,000	0	266,000
Diluted shares	84,544,000	63,197,000	63,502,000	63,157,000
Income (loss) per share - basic: [Abstract]
Continuing operations per share - basic	$ 0.07	$ 0.02	$ (0.28)	$ 0.01
Discontinued operations per share - basic	$ 0.00	$ 0.02	$ (0.08)	$ 0.08
Net income (loss) per share - basic	$ 0.07	$ 0.04	$ (0.36)	$ 0.09
Income (loss) per share - diluted: [Abstract]
Continuing operations per share - diluted	$ 0.06	$ 0.02	$ (0.28)	$ 0.01
Discontinued operations per share - diluted	$ 0.00	$ 0.02	$ (0.08)	$ 0.08
Net income (loss) per share - diluted	$ 0.06	$ 0.04	$ (0.36)	$ 0.09
Segment, Continuing Operations [Member]
Income (Loss) per Share - Diluted [Abstract]
Interst expense and financing costs on convertible notes, net of taxes	1,020	0	0	0
Net income for diluted income (loss) per share after assumed conversions of dilutive shares	5,678	1,274	(17,888)	735
Segment, Discontinued Operations [Member]
Income (Loss) per Share - Diluted [Abstract]
Net income for diluted income (loss) per share after assumed conversions of dilutive shares	$ (183)	$ 1,531	$ (5,256)	$ 5,228

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Inventories (Tables)

9 Months Ended

Sep. 29, 2012

Inventories [Abstract]

Inventories [Table Text Block]

Inventories by major category are as follows (in thousands):

	September 29, 2012		December 31, 2011
Raw materials	$	50,928	$	49,236
Work in process	20,330		20,968
Finished goods	60,511		63,592
	$	131,769	$	133,796

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Goodwill and Other Intangible Assets Other Intangible Assets Narrative (Details) (USD $)	9 Months Ended
	Sep. 29, 2012	Oct. 01, 2011
Other Intangible Assets (Narrative) [Abstract]
Proceeds from sale of intangible asset	$ 1,700,000	$ 0
Gain (loss) on sale of intangible assets	$ 1,300,000

XML

Discontinued Operations Statement of Operations Information (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 29, 2012	Oct. 01, 2011	Sep. 29, 2012	Oct. 01, 2011
Discontinued Operations [Line Items]
Net sales	$ 0	$ 24,717,000	$ 9,190,000	$ 76,111,000
Income (loss) from discontinued operations before income taxes	(150,000)	2,479,000	250,000	8,482,000
Income tax expense (benefit) on discontinued operations	(59,000)	948,000	95,000	3,254,000
(Gain) loss on sale of discontinued operations, net of taxes	(92,000)	0	(5,411,000)	0
Income (loss) from discontinued operations, net of taxes	(183,000)	1,531,000	(5,256,000)	5,228,000
Discontinued operations per share - basic	$ 0.00	$ 0.02	$ (0.08)	$ 0.08
Discontinued operations per share - diluted	$ 0.00	$ 0.02	$ (0.08)	$ 0.08
Discontinued Operations [Abstract]
Tax effect on income (loss) from discontinued operations	100,000		3,400,000
Prior Discontinued Operations [Member]
Discontinued Operations [Line Items]
Income (loss) from discontinued operations, net of taxes			1,800,000
Discontinued Operations [Abstract]
Tax effect on income (loss) from discontinued operations			$ 1,200,000

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Acquisitions (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended					9 Months Ended
	Sep. 29, 2012	Oct. 01, 2011	Sep. 29, 2012	Oct. 01, 2011	Sep. 29, 2012 Nesbitt Acquisition [Member]	Sep. 29, 2012 Envelope Product Group Acquisition [Member]	Feb. 01, 2011 Envelope Product Group Acquisition [Member]	Sep. 29, 2012 Customer Relationships [Member]	Sep. 29, 2012 Customer Relationships [Member] Nesbitt Acquisition [Member]	Sep. 29, 2012 Trade Names [Member] Envelope Product Group Acquisition [Member]	Sep. 29, 2012 Patents [Member]	Sep. 29, 2012 Patents [Member] Envelope Product Group Acquisition [Member]
Business Acquisition [Line Items]
Acquisition related costs	$ 700,000	$ 800,000	$ 1,100,000	$ 4,900,000
Annual net sales prior to acquisition by the Company					5,600,000	240,000,000
Cost of EPG acquisition					5,600,000	55,158,000
Acquisition goodwill amount					2,000,000
Other intangible assets, net						$ 1,500,000			$ 1,400,000	$ 1,000,000		$ 500,000
Intangible asset useful life			13 years					11 years	10 years	10 years	9 years	15 years
Entity Number of Employees							900

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Long-Term Debt (Parenthetical) (Details) (USD $)	Sep. 29, 2012	Dec. 31, 2011
Debt Instrument [Line Items]
Long-term Debt, Fair Value	$ 1,200,000,000	$ 1,100,000,000
Long-term Debt, Gross	0	0
Line of Credit [Member] | Revolving credit facility, due 2014 [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	0	0
Senior Subordinated Notes [Member] | 7.875% senior subordinated notes, due 2013 [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	0	0
Senior Subordinated Notes [Member] | 8.375% senior subordinated notes, due 2014 [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	0	25,200,000
Senior Subordinated Notes [Member] | 8.875% senior second lien notes, due 2018 [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	400,000,000	400,000,000
Loans Payable [Member] | Term Loan B, due 2016 [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	374,200,000	356,200,000
Senior Notes [Member] | 10.5% senior notes, due 2016 [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	0	0
Senior Notes [Member] | 11.5% senior notes, due 2017 [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	225,000,000	0
Convertible Debt [Member] | 7% senior exchangeable notes, due 2017 [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	0	0
Other debt including capital leases [Member] | Other debt including capital leases [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 0	$ 0

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Condensed Consolidating Financial Information Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 29, 2012	Oct. 01, 2011	Sep. 29, 2012	Oct. 01, 2011
Condensed Financial Statements, Captions [Line Items]
Net sales	$ 451,274	$ 475,835	$ 1,345,764	$ 1,422,705
Cost of sales	364,125	381,766	1,096,476	1,157,155
Selling, general and administrative expenses	45,424	53,573	140,766	165,059
Amortization of intangible assets	2,547	2,586	7,756	7,752
Restructuring, impairment and other charges	4,190	4,685	22,566	13,977
Operating income (loss)	34,988	33,225	78,200	78,762
Gain on bargain purchase	0	(641)	0	(11,720)
Interest expense, net	28,926	28,435	85,574	88,064
Intercompany interest expense (income)	0	0	0	0
(Gain) loss on early extinguishment of debt	25	0	11,439	0
Other (income) expense, net	491	(904)	(327)	(567)
Income (loss) from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	5,546	6,335	(18,486)	2,985
Income tax expense (benefit)	888	5,061	(598)	2,250
Income (loss) from continuing operations	4,658	1,274	(17,888)	735
Equity in income of unconsolidated subsidiaries	0	0	0	0
Income (loss) from discontinued operations, net of taxes	(183)	1,531	(5,256)	5,228
Net income (loss)	4,475	2,805	(23,144)	5,963
Comprehensive income (loss): [Abstract]
Net income (loss)	4,475	2,805	(23,144)	5,963
Other comprehensive income (loss): [Abstract]
Other comprehensive income (loss) of unconsolidated subsidiaries	0	0	0	0
Reclassifications of losses related to interest rate swaps into earnings, net of taxes	0	0	0	1,792
Currency translation adjustment	2,412	(5,146)	1,654	(3,745)
Comprehensive income (loss)	6,887	(2,341)	(21,490)	4,010
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Net sales	0	0	0	0
Cost of sales	0	0	0	0
Selling, general and administrative expenses	0	0	0	0
Amortization of intangible assets	0	0	0	0
Restructuring, impairment and other charges	0	0	0	0
Operating income (loss)	0	0	0	0
Gain on bargain purchase		0		0
Interest expense, net	0	0	0	0
Intercompany interest expense (income)	0	0	0	0
(Gain) loss on early extinguishment of debt	0		0
Other (income) expense, net	0	0	0	0
Income (loss) from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	0	0	0	0
Income tax expense (benefit)	0	0	0	0
Income (loss) from continuing operations	0	0	0	0
Equity in income of unconsolidated subsidiaries	4,475	2,805	(23,144)	5,963
Income (loss) from continuing operations	4,475	2,805	(23,144)	5,963
Income (loss) from discontinued operations, net of taxes	0	0	0	0
Net income (loss)	4,475	2,805	(23,144)	5,963
Comprehensive income (loss): [Abstract]
Net income (loss)	4,475	2,805	(23,144)	5,963
Other comprehensive income (loss): [Abstract]
Other comprehensive income (loss) of unconsolidated subsidiaries	2,412	(5,146)	1,654	(1,953)
Reclassifications of losses related to interest rate swaps into earnings, net of taxes		0		0
Currency translation adjustment	0	0	0	0
Comprehensive income (loss)	6,887	(2,341)	(21,490)	4,010
Subsidiary Issuer [Member]
Condensed Financial Statements, Captions [Line Items]
Net sales	172,051	186,436	528,102	529,703
Cost of sales	143,226	153,843	440,660	439,826
Selling, general and administrative expenses	24,370	28,830	77,096	89,084
Amortization of intangible assets	137	123	444	324
Restructuring, impairment and other charges	1,805	2,907	3,331	7,783
Operating income (loss)	2,513	733	6,571	(7,314)
Gain on bargain purchase		(641)		(11,720)
Interest expense, net	28,784	28,257	85,118	87,489
Intercompany interest expense (income)	(414)	(292)	(1,102)	(919)
(Gain) loss on early extinguishment of debt	25		11,439
Other (income) expense, net	375	557	(245)	134
Income (loss) from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	(26,257)	(27,148)	(88,639)	(82,298)
Income tax expense (benefit)	(1,777)	2,714	(4,922)	3,588
Income (loss) from continuing operations	(24,480)	(29,862)	(83,717)	(85,886)
Equity in income of unconsolidated subsidiaries	28,990	32,271	58,186	90,429
Income (loss) from continuing operations	4,510	2,409	(25,531)	4,543
Income (loss) from discontinued operations, net of taxes	(35)	396	2,387	1,420
Net income (loss)	4,475	2,805	(23,144)	5,963
Comprehensive income (loss): [Abstract]
Net income (loss)	4,475	2,805	(23,144)	5,963
Other comprehensive income (loss): [Abstract]
Other comprehensive income (loss) of unconsolidated subsidiaries	2,412	(5,146)	1,654	(3,745)
Reclassifications of losses related to interest rate swaps into earnings, net of taxes		0		1,792
Currency translation adjustment	0	0	0	0
Comprehensive income (loss)	6,887	(2,341)	(21,490)	4,010
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net sales	275,071	285,733	805,787	877,663
Cost of sales	217,459	224,189	645,435	704,670
Selling, general and administrative expenses	20,864	24,492	63,079	75,164
Amortization of intangible assets	2,276	2,329	6,910	7,026
Restructuring, impairment and other charges	2,383	1,778	19,139	6,190
Operating income (loss)	32,089	32,945	71,224	84,613
Gain on bargain purchase		0		0
Interest expense, net	148	187	469	615
Intercompany interest expense (income)	391	238	1,030	736
(Gain) loss on early extinguishment of debt	0		0
Other (income) expense, net	(3)	(758)	23	(5)
Income (loss) from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	31,553	33,278	69,702	83,267
Income tax expense (benefit)	1,898	2,450	3,596	(1,549)
Income (loss) from continuing operations	29,655	30,828	66,106	84,816
Equity in income of unconsolidated subsidiaries	(517)	308	(277)	1,805
Income (loss) from continuing operations	29,138	31,136	65,829	86,621
Income (loss) from discontinued operations, net of taxes	(148)	1,135	(7,643)	3,808
Net income (loss)	28,990	32,271	58,186	90,429
Comprehensive income (loss): [Abstract]
Net income (loss)	28,990	32,271	58,186	90,429
Other comprehensive income (loss): [Abstract]
Other comprehensive income (loss) of unconsolidated subsidiaries	1,244	(2,220)	179	(2,173)
Reclassifications of losses related to interest rate swaps into earnings, net of taxes		0		0
Currency translation adjustment	1,168	(2,926)	1,475	(1,572)
Comprehensive income (loss)	31,402	27,125	59,840	86,684
Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net sales	4,152	3,666	11,875	15,339
Cost of sales	3,440	3,734	10,381	12,659
Selling, general and administrative expenses	190	251	591	811
Amortization of intangible assets	134	134	402	402
Restructuring, impairment and other charges	2	0	96	4
Operating income (loss)	386	(453)	405	1,463
Gain on bargain purchase		0		0
Interest expense, net	(6)	(9)	(13)	(40)
Intercompany interest expense (income)	23	54	72	183
(Gain) loss on early extinguishment of debt	0		0
Other (income) expense, net	119	(703)	(105)	(696)
Income (loss) from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	250	205	451	2,016
Income tax expense (benefit)	767	(103)	728	211
Income (loss) from continuing operations	(517)	308	(277)	1,805
Equity in income of unconsolidated subsidiaries	0	0	0	0
Income (loss) from continuing operations	(517)	308	(277)	1,805
Income (loss) from discontinued operations, net of taxes	0	0	0	0
Net income (loss)	(517)	308	(277)	1,805
Comprehensive income (loss): [Abstract]
Net income (loss)	(517)	308	(277)	1,805
Other comprehensive income (loss): [Abstract]
Other comprehensive income (loss) of unconsolidated subsidiaries	0	0	0	0
Reclassifications of losses related to interest rate swaps into earnings, net of taxes		0		0
Currency translation adjustment	1,244	(2,220)	179	(2,173)
Comprehensive income (loss)	727	(1,912)	(98)	(368)
Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net sales	0	0	0	0
Cost of sales	0	0	0	0
Selling, general and administrative expenses	0	0	0	0
Amortization of intangible assets	0	0	0	0
Restructuring, impairment and other charges	0	0	0	0
Operating income (loss)	0	0	0	0
Gain on bargain purchase		0		0
Interest expense, net	0	0	0	0
Intercompany interest expense (income)	0	0	0	0
(Gain) loss on early extinguishment of debt	0		0
Other (income) expense, net	0	0	0	0
Income (loss) from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	0	0	0	0
Income tax expense (benefit)	0	0	0	0
Income (loss) from continuing operations	0	0	0	0
Equity in income of unconsolidated subsidiaries	(32,948)	(35,384)	(34,765)	(98,197)
Income (loss) from continuing operations	(32,948)	(35,384)	(34,765)	(98,197)
Income (loss) from discontinued operations, net of taxes	0	0	0	0
Net income (loss)	(32,948)	(35,384)	(34,765)	(98,197)
Comprehensive income (loss): [Abstract]
Net income (loss)	(32,948)	(35,384)	(34,765)	(98,197)
Other comprehensive income (loss): [Abstract]
Other comprehensive income (loss) of unconsolidated subsidiaries	(6,068)	12,512	(3,487)	7,871
Reclassifications of losses related to interest rate swaps into earnings, net of taxes		0		0
Currency translation adjustment	0	0	0	0
Comprehensive income (loss)	$ (39,016)	$ (22,872)	$ (38,252)	$ (90,326)

XML

Goodwill and Other Intangible Assets Goodwill by Reportable Segment (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 29, 2012
Goodwill [Line Items]
Balance as of December 31, 2011	$ 190,822
Acquisitions, net	644
Foreign currency translation	249
Balance as of June 30, 2012	191,715
Print and envelope [Member]
Goodwill [Line Items]
Balance as of December 31, 2011	78,857
Acquisitions, net	644
Foreign currency translation	249
Balance as of June 30, 2012	79,750
Label and packaging [Member]
Goodwill [Line Items]
Balance as of December 31, 2011	111,965
Acquisitions, net	0
Foreign currency translation	0
Balance as of June 30, 2012	$ 111,965

XML

Property, Plant and Equipment

9 Months Ended

Sep. 29, 2012

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Text Block]

Property, Plant and Equipment

Property, plant and equipment are as follows (in thousands):

	September 29, 2012			December 31, 2011
Land and land improvements	$	17,538		$	20,276
Buildings and building improvements	105,542			111,498
Machinery and equipment	593,534			600,066
Furniture and fixtures	11,232			10,453
Construction in progress	7,093			4,840
	734,939			747,133
Accumulated depreciation	(444,145		)	(418,566		)
	$	290,794		$	328,567

Assets Held for Sale

In connection with the Company’s cost savings, restructuring and integration plans, there are currently two owned properties that are available for sale, which relate to the Company’s print and envelope segment. The Company has recorded the related assets as available for sale in other assets, net on its condensed consolidated balance sheet and has presented them at their fair value less estimated cost to sell, which is approximately $5.9 million and approximates fair value.

In the first nine months of 2012, the Company sold one manufacturing facility, which related to its print and envelope segment and was classified as available for sale, for net proceeds of $1.4 million. These assets were recorded at their fair value less estimated cost to sell in the first quarter of 2012.

In the first nine months of 2011, the Company sold four manufacturing facilities, two of which related to its label and packaging segment and two of which related to its print and envelope segment, all of which were classified as available for sale, for net proceeds of $9.6 million and it also sold certain manufacturing assets for net proceeds of $1.0 million. These assets were recorded at their fair value less estimated cost to sell in the fourth quarter of 2010.

XML

Condensed Consolidating Financial Information Condensed Consolidating Statement of Cash Flows (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 29, 2012	Oct. 01, 2011
Cash flows from operating activities: [Abstract]
Net cash provided by (used in) operating activities of continuing operations	$ 23,411	$ 31,278
Net cash provided by (used in) operating activities of discontinued operations	(4,733)	7,603
Net cash provided by (used in) operating activities	18,678	38,881
Cash flows from investing activities: [Abstract]
Cost of business acquisitions, net of cash acquired	(644)	(59,719)
Capital expenditures	(15,637)	(10,798)
Proceeds from sale of property, plant and equipment	2,333	10,989
Proceeds from sale of intangible asset	1,700	0
Intercompany note	0	0
Net cash (used in) provided by investing activities of continuing operations	(12,248)	(59,528)
Net cash (used in) provided by investing activities of discontinued operations	39,921	(419)
Net cash (used in) provided by investing activities	27,673	(59,947)
Cash flows from financing activities: [Abstract]
Repayment of 10.5% senior notes	(169,875)	0
(Repayment) of Term Loan B due 2016		(2,850)
Borrowings of Term Loan B due 2016	17,987
Payment of financing related costs and expenses and debt issuance discounts	(32,335)	0
Repayments of other long-term debt	(3,499)	(4,505)
Retirement of common stock upon vesting of RSUs	(734)	(1,283)
Proceeds from issuance of 11.5% senior notes	225,000	0
Proceeds from issuance of 7% senior exchangeable notes	86,250	0
Borrowings under revolving credit facility, net	45,550	0
Proceeds from exercise of stock options	0	350
Intercompany note borrowings (repayments)	0	0
Intercompany advances	0	0
Net cash provided by (used in) financing activities of continuing operations	(52,531)	(8,288)
Net cash provided by (used in) financing activities of discontinued operations	(1,652)	0
Net cash provided by (used in) financing activities	(54,183)	(8,288)
Effect of exchange rate changes on cash and cash equivalents	414	1,175
Net increase (decrease) in cash and cash equivalents	(7,418)	(28,179)
Cash and cash equivalents at beginning of period	17,753	49,756
Cash and cash equivalents at end of period	10,335	21,577
Parent Company [Member]
Cash flows from operating activities: [Abstract]
Net cash provided by (used in) operating activities of continuing operations	4,446	7,129
Net cash provided by (used in) operating activities of discontinued operations	0	0
Net cash provided by (used in) operating activities	4,446	7,129
Cash flows from investing activities: [Abstract]
Cost of business acquisitions, net of cash acquired	0	0
Capital expenditures	0	0
Proceeds from sale of property, plant and equipment	0	0
Proceeds from sale of intangible asset	0
Intercompany note	0	0
Net cash (used in) provided by investing activities of continuing operations	0	0
Net cash (used in) provided by investing activities of discontinued operations	0	0
Net cash (used in) provided by investing activities	0	0
Cash flows from financing activities: [Abstract]
Repayment of 10.5% senior notes	0
(Repayment) of Term Loan B due 2016		0
Borrowings of Term Loan B due 2016	0
Payment of financing related costs and expenses and debt issuance discounts	0
Repayments of other long-term debt	0	0
Retirement of common stock upon vesting of RSUs	(734)	(1,283)
Proceeds from issuance of 11.5% senior notes	0
Proceeds from issuance of 7% senior exchangeable notes	0
Borrowings under revolving credit facility, net	0	0
Proceeds from exercise of stock options		350
Intercompany note borrowings (repayments)	0	0
Intercompany advances	(3,712)	(6,196)
Net cash provided by (used in) financing activities of continuing operations	(4,446)
Net cash provided by (used in) financing activities of discontinued operations	0
Net cash provided by (used in) financing activities	(4,446)	(7,129)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	0
Subsidiary Issuer [Member]
Cash flows from operating activities: [Abstract]
Net cash provided by (used in) operating activities of continuing operations	(87,609)	(98,875)
Net cash provided by (used in) operating activities of discontinued operations	(1,799)	2,884
Net cash provided by (used in) operating activities	(89,408)	(95,991)
Cash flows from investing activities: [Abstract]
Cost of business acquisitions, net of cash acquired	(644)	(59,719)
Capital expenditures	(7,819)	(6,753)
Proceeds from sale of property, plant and equipment	32	1,288
Proceeds from sale of intangible asset	1,700
Intercompany note	3,900	5,600
Net cash (used in) provided by investing activities of continuing operations	(2,831)	(59,584)
Net cash (used in) provided by investing activities of discontinued operations	16,414	(419)
Net cash (used in) provided by investing activities	13,583	(60,003)
Cash flows from financing activities: [Abstract]
Repayment of 10.5% senior notes	(169,875)
(Repayment) of Term Loan B due 2016		(2,850)
Borrowings of Term Loan B due 2016	17,987
Payment of financing related costs and expenses and debt issuance discounts	(32,335)
Repayments of other long-term debt	(300)	(14)
Retirement of common stock upon vesting of RSUs	0	0
Proceeds from issuance of 11.5% senior notes	225,000
Proceeds from issuance of 7% senior exchangeable notes	86,250
Borrowings under revolving credit facility, net	45,550	0
Proceeds from exercise of stock options		0
Intercompany note borrowings (repayments)	0	0
Intercompany advances	117,920	131,219
Net cash provided by (used in) financing activities of continuing operations	69,322
Net cash provided by (used in) financing activities of discontinued operations	(1,652)
Net cash provided by (used in) financing activities	67,670	128,355
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	(8,155)	(27,639)
Cash and cash equivalents at beginning of period	16,033	46,882
Cash and cash equivalents at end of period	7,878	19,243
Guarantor Subsidiaries [Member]
Cash flows from operating activities: [Abstract]
Net cash provided by (used in) operating activities of continuing operations	104,046	117,744
Net cash provided by (used in) operating activities of discontinued operations	(2,934)	4,719
Net cash provided by (used in) operating activities	101,112	122,463
Cash flows from investing activities: [Abstract]
Cost of business acquisitions, net of cash acquired	0	0
Capital expenditures	(7,701)	(3,507)
Proceeds from sale of property, plant and equipment	2,301	9,701
Proceeds from sale of intangible asset	0
Intercompany note	0	0
Net cash (used in) provided by investing activities of continuing operations	(5,400)	6,194
Net cash (used in) provided by investing activities of discontinued operations	23,507	0
Net cash (used in) provided by investing activities	18,107	6,194
Cash flows from financing activities: [Abstract]
Repayment of 10.5% senior notes	0
(Repayment) of Term Loan B due 2016		0
Borrowings of Term Loan B due 2016	0
Payment of financing related costs and expenses and debt issuance discounts	0
Repayments of other long-term debt	(3,199)	(4,491)
Retirement of common stock upon vesting of RSUs	0	0
Proceeds from issuance of 11.5% senior notes	0
Proceeds from issuance of 7% senior exchangeable notes	0
Borrowings under revolving credit facility, net	0	0
Proceeds from exercise of stock options		0
Intercompany note borrowings (repayments)	0	0
Intercompany advances	(116,198)	(125,067)
Net cash provided by (used in) financing activities of continuing operations	(119,397)
Net cash provided by (used in) financing activities of discontinued operations	0
Net cash provided by (used in) financing activities	(119,397)	(129,558)
Effect of exchange rate changes on cash and cash equivalents	401	66
Net increase (decrease) in cash and cash equivalents	223	(835)
Cash and cash equivalents at beginning of period	280	1,010
Cash and cash equivalents at end of period	503	175
Non-Guarantor Subsidiaries [Member]
Cash flows from operating activities: [Abstract]
Net cash provided by (used in) operating activities of continuing operations	2,528	5,280
Net cash provided by (used in) operating activities of discontinued operations	0	0
Net cash provided by (used in) operating activities	2,528	5,280
Cash flows from investing activities: [Abstract]
Cost of business acquisitions, net of cash acquired	0	0
Capital expenditures	(117)	(538)
Proceeds from sale of property, plant and equipment	0	0
Proceeds from sale of intangible asset	0
Intercompany note	0	0
Net cash (used in) provided by investing activities of continuing operations	(117)	(538)
Net cash (used in) provided by investing activities of discontinued operations	0	0
Net cash (used in) provided by investing activities	(117)	(538)
Cash flows from financing activities: [Abstract]
Repayment of 10.5% senior notes	0
(Repayment) of Term Loan B due 2016		0
Borrowings of Term Loan B due 2016	0
Payment of financing related costs and expenses and debt issuance discounts	0
Repayments of other long-term debt	0	0
Retirement of common stock upon vesting of RSUs	0	0
Proceeds from issuance of 11.5% senior notes	0
Proceeds from issuance of 7% senior exchangeable notes	0
Borrowings under revolving credit facility, net	0	0
Proceeds from exercise of stock options		0
Intercompany note borrowings (repayments)	(3,900)	(5,600)
Intercompany advances	1,990	44
Net cash provided by (used in) financing activities of continuing operations	(1,910)
Net cash provided by (used in) financing activities of discontinued operations	0
Net cash provided by (used in) financing activities	(1,910)	(5,556)
Effect of exchange rate changes on cash and cash equivalents	13	1,109
Net increase (decrease) in cash and cash equivalents	514	295
Cash and cash equivalents at beginning of period	1,440	1,864
Cash and cash equivalents at end of period	1,954	2,159
Eliminations [Member]
Cash flows from operating activities: [Abstract]
Net cash provided by (used in) operating activities of continuing operations	0	0
Net cash provided by (used in) operating activities of discontinued operations	0	0
Net cash provided by (used in) operating activities	0	0
Cash flows from investing activities: [Abstract]
Cost of business acquisitions, net of cash acquired	0	0
Capital expenditures	0	0
Proceeds from sale of property, plant and equipment	0	0
Proceeds from sale of intangible asset	0
Intercompany note	(3,900)	(5,600)
Net cash (used in) provided by investing activities of continuing operations	(3,900)	(5,600)
Net cash (used in) provided by investing activities of discontinued operations	0	0
Net cash (used in) provided by investing activities	(3,900)	(5,600)
Cash flows from financing activities: [Abstract]
Repayment of 10.5% senior notes	0
(Repayment) of Term Loan B due 2016		0
Borrowings of Term Loan B due 2016	0
Payment of financing related costs and expenses and debt issuance discounts	0
Repayments of other long-term debt	0	0
Retirement of common stock upon vesting of RSUs	0	0
Proceeds from issuance of 11.5% senior notes	0
Proceeds from issuance of 7% senior exchangeable notes	0
Borrowings under revolving credit facility, net	0	0
Proceeds from exercise of stock options		0
Intercompany note borrowings (repayments)	3,900	5,600
Intercompany advances	0	0
Net cash provided by (used in) financing activities of continuing operations	3,900
Net cash provided by (used in) financing activities of discontinued operations	0
Net cash provided by (used in) financing activities	3,900	5,600
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	0
Repayment of 7.875% senior subordinated notes [Member]
Cash flows from financing activities: [Abstract]
Repayments of senior subordinated notes	(196,088)	0
Repayment of 7.875% senior subordinated notes [Member] | Parent Company [Member]
Cash flows from financing activities: [Abstract]
Repayments of senior subordinated notes	0
Repayment of 7.875% senior subordinated notes [Member] | Subsidiary Issuer [Member]
Cash flows from financing activities: [Abstract]
Repayments of senior subordinated notes	(196,088)
Repayment of 7.875% senior subordinated notes [Member] | Guarantor Subsidiaries [Member]
Cash flows from financing activities: [Abstract]
Repayments of senior subordinated notes	0
Repayment of 7.875% senior subordinated notes [Member] | Non-Guarantor Subsidiaries [Member]
Cash flows from financing activities: [Abstract]
Repayments of senior subordinated notes	0
Repayment of 7.875% senior subordinated notes [Member] | Eliminations [Member]
Cash flows from financing activities: [Abstract]
Repayments of senior subordinated notes	0
Repayment of 8.375% senior subordinated notes [Member]
Cash flows from financing activities: [Abstract]
Repayments of senior subordinated notes	(24,787)	0
Repayment of 8.375% senior subordinated notes [Member] | Parent Company [Member]
Cash flows from financing activities: [Abstract]
Repayments of senior subordinated notes	0
Repayment of 8.375% senior subordinated notes [Member] | Subsidiary Issuer [Member]
Cash flows from financing activities: [Abstract]
Repayments of senior subordinated notes	(24,787)
Repayment of 8.375% senior subordinated notes [Member] | Guarantor Subsidiaries [Member]
Cash flows from financing activities: [Abstract]
Repayments of senior subordinated notes	0
Repayment of 8.375% senior subordinated notes [Member] | Non-Guarantor Subsidiaries [Member]
Cash flows from financing activities: [Abstract]
Repayments of senior subordinated notes	0
Repayment of 8.375% senior subordinated notes [Member] | Eliminations [Member]
Cash flows from financing activities: [Abstract]
Repayments of senior subordinated notes	$ 0

XML

Discontinued Operations (Parenthetical) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	9 Months Ended
	Sep. 29, 2012	Sep. 29, 2012
Discontinued Operations [Line Items]
Tax effect on income (loss) from discontinued operations	$ 0.1	$ 3.4

XML

Goodwill and Other Intangible Assets Schedule of Finite Lived Intangible Assets (Tables)

9 Months Ended

Sep. 29, 2012

Goodwill and Other Intangible Assets [Abstract]

Schedule of Expected Amortization Expense [Table Text Block]

Annual amortization expense of intangible assets for the next five years is estimated to be as follows (in thousands):

	Annual Estimated  Expense
2012	$	10,043
2013	9,760
2014	9,631
2015	8,464
2016	7,243

XML

Goodwill and Other Intangible Assets Schedule of Indefinite Lived Intangible Assets (Tables)

9 Months Ended

Sep. 29, 2012

6. Goodwill and Other Intangible Assets [Abstract]

Schedule of Intangible Assets [Table Text Block]

Other intangible assets are as follows (in thousands):

		September 29, 2012										December 31, 2011
	Weighted Average Remaining Amortization Period (Years)	Gross Carrying Amount		Accumulated Impairment Charges			Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Impairment Charges			Accumulated Amortization			Net Carrying Amount
Intangible assets with determinable lives:
Customer relationships	11	$	166,715	$	(27,234	)	$	(61,600	)	$	77,881	$	166,652	$	(27,234	)	$	(54,911	)	$	84,507
Trademarks and trade names	23	23,482		—			(6,361		)	17,121		23,481		—			(5,620		)	17,861
Patents	9	3,528		—			(2,789		)	739		3,528		—			(2,583		)	945
Non-compete agreements		510		—			(495		)	15		510		—			(439		)	71
Other		—		—			—			—		600		—			(161		)	439
Subtotal	13	194,235		(27,234		)	(71,245		)	95,756		194,771		(27,234		)	(63,714		)	103,823
Intangible assets with indefinite lives:
Trademarks		141,740		(22,000		)	—			119,740		141,740		(22,000		)	—			119,740
Total		$	335,975	$	(49,234	)	$	(71,245	)	$	215,496	$	336,511	$	(49,234	)	$	(63,714	)	$	223,563

XML

Restructuring, Impairment and Other Charges (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 29, 2012	Oct. 01, 2011	Sep. 29, 2012	Oct. 01, 2011
Restructuring Cost and Reserve [Line Items]
Restructuring related headcount reductions			700
Restructuring, impairment and other charges	$ 4,190	$ 4,685	$ 22,566	$ 13,977
Restructuring Reserve [Roll Forward]
Accruals, net	4,190	4,685	22,566	13,977
Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	2,627	1,258	5,939	3,349
Restructuring Reserve [Roll Forward]
Accruals, net	2,627	1,258	5,939	3,349
Asset Impairments, Net of Gain on Sale [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	789	173	7,455	2,711
Restructuring Reserve [Roll Forward]
Accruals, net	789	173	7,455	2,711
Equipment Moving Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	71	596	669	2,242
Restructuring Reserve [Roll Forward]
Accruals, net	71	596	669	2,242
Lease Termination Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	127	556	780	1,527
Restructuring Reserve [Roll Forward]
Accruals, net	127	556	780	1,527
Multi-employer Pension Withdrawal Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	169	1,352	5,087	1,352
Restructuring Reserve [Roll Forward]
Accruals, net	169	1,352	5,087	1,352
Building Clean-up and Other Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	407	750	2,636	2,796
Restructuring Reserve [Roll Forward]
Accruals, net	407	750	2,636	2,796
Print and envelope [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	3,490	4,223	21,247	12,554
Restructuring Reserve [Roll Forward]
Accruals, net	3,490	4,223	21,247	12,554
Print and envelope [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	1,969	926	4,848	2,373
Restructuring Reserve [Roll Forward]
Accruals, net	1,969	926	4,848	2,373
Print and envelope [Member] | Asset Impairments, Net of Gain on Sale [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	789	173	7,455	2,581
Restructuring Reserve [Roll Forward]
Accruals, net	789	173	7,455	2,581
Print and envelope [Member] | Equipment Moving Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	71	596	667	2,166
Restructuring Reserve [Roll Forward]
Accruals, net	71	596	667	2,166
Print and envelope [Member] | Lease Termination Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	136	525	737	1,597
Restructuring Reserve [Roll Forward]
Accruals, net	136	525	737	1,597
Print and envelope [Member] | Multi-employer Pension Withdrawal Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	169	1,352	5,087	1,352
Restructuring Reserve [Roll Forward]
Accruals, net	169	1,352	5,087	1,352
Print and envelope [Member] | Building Clean-up and Other Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	356	651	2,453	2,485
Restructuring Reserve [Roll Forward]
Accruals, net	356	651	2,453	2,485
Label and packaging [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	651	355	1,153	1,177
Restructuring Reserve [Roll Forward]
Accruals, net	651	355	1,153	1,177
Label and packaging [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	658	332	1,091	976
Restructuring Reserve [Roll Forward]
Accruals, net	658	332	1,091	976
Label and packaging [Member] | Asset Impairments, Net of Gain on Sale [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0	0	0	130
Restructuring Reserve [Roll Forward]
Accruals, net	0	0	0	130
Label and packaging [Member] | Equipment Moving Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0	0	2	76
Restructuring Reserve [Roll Forward]
Accruals, net	0	0	2	76
Label and packaging [Member] | Lease Termination Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	(9)	23	43	(152)
Restructuring Reserve [Roll Forward]
Accruals, net	(9)	23	43	(152)
Label and packaging [Member] | Multi-employer Pension Withdrawal Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0	0	0	0
Restructuring Reserve [Roll Forward]
Accruals, net	0	0	0	0
Label and packaging [Member] | Building Clean-up and Other Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	2	0	17	147
Restructuring Reserve [Roll Forward]
Accruals, net	2	0	17	147
Corporate [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	49	107	166	246
Restructuring Reserve [Roll Forward]
Accruals, net	49	107	166	246
Corporate [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0	0	0	0
Restructuring Reserve [Roll Forward]
Accruals, net	0	0	0	0
Corporate [Member] | Asset Impairments, Net of Gain on Sale [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0	0	0	0
Restructuring Reserve [Roll Forward]
Accruals, net	0	0	0	0
Corporate [Member] | Equipment Moving Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0	0	0	0
Restructuring Reserve [Roll Forward]
Accruals, net	0	0	0	0
Corporate [Member] | Lease Termination Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0	8	0	82
Restructuring Reserve [Roll Forward]
Accruals, net	0	8	0	82
Corporate [Member] | Multi-employer Pension Withdrawal Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0	0	0	0
Restructuring Reserve [Roll Forward]
Accruals, net	0	0	0	0
Corporate [Member] | Building Clean-up and Other Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	49	99	166	164
Restructuring Reserve [Roll Forward]
Accruals, net	49	99	166	164
2012 Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges			11,697
Restructuring Reserve [Roll Forward]
Balance as of December 31, 2011			0
Accruals, net			11,697
Payments			(4,998)
Balance as of June 30, 2012	6,699		6,699
2012 Plan [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges			4,153
Restructuring Reserve [Roll Forward]
Balance as of December 31, 2011			0
Accruals, net			4,153
Payments			(3,124)
Balance as of June 30, 2012	1,029		1,029
2012 Plan [Member] | Lease Termination Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges			342
Restructuring Reserve [Roll Forward]
Balance as of December 31, 2011			0
Accruals, net			342
Payments			(72)
Balance as of June 30, 2012	270		270
2012 Plan [Member] | Multi-employer Pension Withdrawal Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges			5,400
Restructuring Reserve [Roll Forward]
Balance as of December 31, 2011			0
Accruals, net			5,400
Payments			0
Balance as of June 30, 2012	5,400		5,400
2012 Plan [Member] | Building Clean-up and Other Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges			1,802
Restructuring Reserve [Roll Forward]
Balance as of December 31, 2011			0
Accruals, net			1,802
Payments			(1,802)
Balance as of June 30, 2012	0		0
2012 Plan [Member] | Print and envelope [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	1,403		17,600
Restructuring Reserve [Roll Forward]
Accruals, net	1,403		17,600
2012 Plan [Member] | Print and envelope [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	1,200		3,444
Restructuring Reserve [Roll Forward]
Accruals, net	1,200		3,444
2012 Plan [Member] | Print and envelope [Member] | Asset Impairments, Net of Gain on Sale [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	(3)		6,631
Restructuring Reserve [Roll Forward]
Accruals, net	(3)		6,631
2012 Plan [Member] | Print and envelope [Member] | Equipment Moving Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	20		532
Restructuring Reserve [Roll Forward]
Accruals, net	20		532
2012 Plan [Member] | Print and envelope [Member] | Lease Termination Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	6		342
Restructuring Reserve [Roll Forward]
Accruals, net	6		342
2012 Plan [Member] | Print and envelope [Member] | Multi-employer Pension Withdrawal Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0		5,400
Restructuring Reserve [Roll Forward]
Accruals, net	0		5,400
2012 Plan [Member] | Print and envelope [Member] | Building Clean-up and Other Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	180		1,251
Restructuring Reserve [Roll Forward]
Accruals, net	180		1,251
2012 Plan [Member] | Label and packaging [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	634		728
Restructuring Reserve [Roll Forward]
Accruals, net	634		728
2012 Plan [Member] | Label and packaging [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	632		709
Restructuring Reserve [Roll Forward]
Accruals, net	632		709
2012 Plan [Member] | Label and packaging [Member] | Asset Impairments, Net of Gain on Sale [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0		0
Restructuring Reserve [Roll Forward]
Accruals, net	0		0
2012 Plan [Member] | Label and packaging [Member] | Equipment Moving Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0		6
Restructuring Reserve [Roll Forward]
Accruals, net	0		6
2012 Plan [Member] | Label and packaging [Member] | Lease Termination Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0		0
Restructuring Reserve [Roll Forward]
Accruals, net	0		0
2012 Plan [Member] | Label and packaging [Member] | Multi-employer Pension Withdrawal Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0		0
Restructuring Reserve [Roll Forward]
Accruals, net	0		0
2012 Plan [Member] | Label and packaging [Member] | Building Clean-up and Other Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	2		13
Restructuring Reserve [Roll Forward]
Accruals, net	2		13
Residual Plans [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges			1,963
Restructuring Reserve [Roll Forward]
Balance as of December 31, 2011			27,413
Accruals, net			1,963
Payments			(6,488)
Balance as of June 30, 2012	22,888		22,888
Residual Plans [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges			833
Restructuring Reserve [Roll Forward]
Balance as of December 31, 2011			1,071
Accruals, net			833
Payments			(1,604)
Balance as of June 30, 2012	300		300
Residual Plans [Member] | Lease Termination Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges			262
Restructuring Reserve [Roll Forward]
Balance as of December 31, 2011			3,804
Accruals, net			262
Payments			(1,702)
Balance as of June 30, 2012	2,364		2,364
Residual Plans [Member] | Multi-employer Pension Withdrawal Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges			(313)
Restructuring Reserve [Roll Forward]
Balance as of December 31, 2011			22,538
Accruals, net			(313)
Payments			(2,001)
Balance as of June 30, 2012	20,224		20,224
Residual Plans [Member] | Building Clean-up and Other Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges			1,181
Restructuring Reserve [Roll Forward]
Balance as of December 31, 2011			0
Accruals, net			1,181
Payments			(1,181)
Balance as of June 30, 2012	0		0
Residual Plans [Member] | Print and envelope [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	401	2,732	1,368	8,305
Restructuring Reserve [Roll Forward]
Accruals, net	401	2,732	1,368	8,305
Residual Plans [Member] | Print and envelope [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	112	216	451	607
Restructuring Reserve [Roll Forward]
Accruals, net	112	216	451	607
Residual Plans [Member] | Print and envelope [Member] | Asset Impairments, Net of Gain on Sale [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0	42	0	1,943
Restructuring Reserve [Roll Forward]
Accruals, net	0	42	0	1,943
Residual Plans [Member] | Print and envelope [Member] | Equipment Moving Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	8	53	47	606
Restructuring Reserve [Roll Forward]
Accruals, net	8	53	47	606
Residual Plans [Member] | Print and envelope [Member] | Lease Termination Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	5	508	219	1,572
Restructuring Reserve [Roll Forward]
Accruals, net	5	508	219	1,572
Residual Plans [Member] | Print and envelope [Member] | Multi-employer Pension Withdrawal Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	169	1,352	(313)	1,352
Restructuring Reserve [Roll Forward]
Accruals, net	169	1,352	(313)	1,352
Residual Plans [Member] | Print and envelope [Member] | Building Clean-up and Other Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	107	561	964	2,225
Restructuring Reserve [Roll Forward]
Accruals, net	107	561	964	2,225
Residual Plans [Member] | Label and packaging [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	17	369	429	751
Restructuring Reserve [Roll Forward]
Accruals, net	17	369	429	751
Residual Plans [Member] | Label and packaging [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	26	346	382	937
Restructuring Reserve [Roll Forward]
Accruals, net	26	346	382	937
Residual Plans [Member] | Label and packaging [Member] | Asset Impairments, Net of Gain on Sale [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0	0	0	0
Restructuring Reserve [Roll Forward]
Accruals, net	0	0	0	0
Residual Plans [Member] | Label and packaging [Member] | Equipment Moving Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0	0	0	0
Restructuring Reserve [Roll Forward]
Accruals, net	0	0	0	0
Residual Plans [Member] | Label and packaging [Member] | Lease Termination Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	(9)	23	43	(158)
Restructuring Reserve [Roll Forward]
Accruals, net	(9)	23	43	(158)
Residual Plans [Member] | Label and packaging [Member] | Multi-employer Pension Withdrawal Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0	0	0	0
Restructuring Reserve [Roll Forward]
Accruals, net	0	0	0	0
Residual Plans [Member] | Label and packaging [Member] | Building Clean-up and Other Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0	0	4	(28)
Restructuring Reserve [Roll Forward]
Accruals, net	0	0	4	(28)
Residual Plans [Member] | Corporate [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	49	107	166	246
Restructuring Reserve [Roll Forward]
Accruals, net	49	107	166	246
Residual Plans [Member] | Corporate [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0	0	0	0
Restructuring Reserve [Roll Forward]
Accruals, net	0	0	0	0
Residual Plans [Member] | Corporate [Member] | Asset Impairments, Net of Gain on Sale [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0	0	0	0
Restructuring Reserve [Roll Forward]
Accruals, net	0	0	0	0
Residual Plans [Member] | Corporate [Member] | Equipment Moving Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0	0	0	0
Restructuring Reserve [Roll Forward]
Accruals, net	0	0	0	0
Residual Plans [Member] | Corporate [Member] | Lease Termination Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0	8	0	82
Restructuring Reserve [Roll Forward]
Accruals, net	0	8	0	82
Residual Plans [Member] | Corporate [Member] | Multi-employer Pension Withdrawal Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0	0	0	0
Restructuring Reserve [Roll Forward]
Accruals, net	0	0	0	0
Residual Plans [Member] | Corporate [Member] | Building Clean-up and Other Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	49	99	166	164
Restructuring Reserve [Roll Forward]
Accruals, net	49	99	166	164
Acquisition Integration Plans [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges			1,451
Restructuring Reserve [Roll Forward]
Balance as of December 31, 2011			1,838
Accruals, net			1,451
Payments			(1,426)
Balance as of June 30, 2012	1,863		1,863
Acquisition Integration Plans [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges			953
Restructuring Reserve [Roll Forward]
Balance as of December 31, 2011			492
Accruals, net			953
Payments			(773)
Balance as of June 30, 2012	672		672
Acquisition Integration Plans [Member] | Lease Termination Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges			176
Restructuring Reserve [Roll Forward]
Balance as of December 31, 2011			1,346
Accruals, net			176
Payments			(331)
Balance as of June 30, 2012	1,191		1,191
Acquisition Integration Plans [Member] | Multi-employer Pension Withdrawal Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges			0
Restructuring Reserve [Roll Forward]
Balance as of December 31, 2011			0
Accruals, net			0
Payments			0
Balance as of June 30, 2012	0		0
Acquisition Integration Plans [Member] | Building Clean-up and Other Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges			322
Restructuring Reserve [Roll Forward]
Balance as of December 31, 2011			0
Accruals, net			322
Payments			(322)
Balance as of June 30, 2012	0		0
Acquisition Integration Plans [Member] | Print and envelope [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	1,686	1,491	2,279	4,249
Restructuring Reserve [Roll Forward]
Accruals, net	1,686	1,491	2,279	4,249
Acquisition Integration Plans [Member] | Print and envelope [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	657	710	953	1,766
Restructuring Reserve [Roll Forward]
Accruals, net	657	710	953	1,766
Acquisition Integration Plans [Member] | Print and envelope [Member] | Asset Impairments, Net of Gain on Sale [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	792	131	824	638
Restructuring Reserve [Roll Forward]
Accruals, net	792	131	824	638
Acquisition Integration Plans [Member] | Print and envelope [Member] | Equipment Moving Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	43	543	88	1,560
Restructuring Reserve [Roll Forward]
Accruals, net	43	543	88	1,560
Acquisition Integration Plans [Member] | Print and envelope [Member] | Lease Termination Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	125	17	176	25
Restructuring Reserve [Roll Forward]
Accruals, net	125	17	176	25
Acquisition Integration Plans [Member] | Print and envelope [Member] | Multi-employer Pension Withdrawal Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	0	0	0	0
Restructuring Reserve [Roll Forward]
Accruals, net	0	0	0	0
Acquisition Integration Plans [Member] | Print and envelope [Member] | Building Clean-up and Other Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges	69	90	238	260
Restructuring Reserve [Roll Forward]
Accruals, net	69	90	238	260
Acquisition Integration Plans [Member] | Label and packaging [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges		(14)	(4)	426
Restructuring Reserve [Roll Forward]
Accruals, net		(14)	(4)	426
Acquisition Integration Plans [Member] | Label and packaging [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges		(14)	0	39
Restructuring Reserve [Roll Forward]
Accruals, net		(14)	0	39
Acquisition Integration Plans [Member] | Label and packaging [Member] | Asset Impairments, Net of Gain on Sale [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges		0	0	130
Restructuring Reserve [Roll Forward]
Accruals, net		0	0	130
Acquisition Integration Plans [Member] | Label and packaging [Member] | Equipment Moving Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges		0	(4)	76
Restructuring Reserve [Roll Forward]
Accruals, net		0	(4)	76
Acquisition Integration Plans [Member] | Label and packaging [Member] | Lease Termination Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges		0	0	6
Restructuring Reserve [Roll Forward]
Accruals, net		0	0	6
Acquisition Integration Plans [Member] | Label and packaging [Member] | Multi-employer Pension Withdrawal Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges		0	0	0
Restructuring Reserve [Roll Forward]
Accruals, net		0	0	0
Acquisition Integration Plans [Member] | Label and packaging [Member] | Building Clean-up and Other Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, impairment and other charges		0	0	175
Restructuring Reserve [Roll Forward]
Accruals, net		$ 0	$ 0	$ 175

XML

Inventories (Details) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2012	Dec. 31, 2011
Inventories [Abstract]
Raw materials	$ 50,928	$ 49,236
Work in process	20,330	20,968
Finished goods	60,511	63,592
Inventories, net	$ 131,769	$ 133,796

XML

Long-Term Debt (Tables)

9 Months Ended

Sep. 29, 2012

Long-term Debt, Unclassified [Abstract]

Long-Term Debt [Table Text Block]

Long-term debt is as follows (in thousands):

	September 29, 2012			December 31, 2011
Revolving credit facility, due 2014	$	45,550		$	—
7.875% senior subordinated notes, due 2013	86,621			284,878
8.375% senior subordinated notes, due 2014 ($25.2 million outstanding principal amount as of December 31, 2011)	—			25,424
Term Loan B, due 2016 ($374.2 million and $356.2 million outstanding principal amount as of September 29, 2012 and December 31, 2011, respectively)	371,371			353,033
10.5% senior notes, due 2016	—			170,000
7% senior exchangeable notes, due 2017	86,250			—
11.5% senior notes, due 2017 ($225.0 million outstanding principal amount as of September 29, 2012)	217,353			—
8.875% senior second lien notes, due 2018 ($400.0 million outstanding principal amount as of September 29, 2012 and December 31, 2011)	397,924			397,704
Other debt including capital leases	11,797			15,304
	1,216,866			1,246,343
Less current maturities	(11,151		)	(8,809		)
Long-term debt	$	1,205,715		$	1,237,534

XML

Fair Value Measurements (Tables)

9 Months Ended

Sep. 29, 2012

Fair Value Measurements [Abstract]

Carrying Value and Fair Value of Assets and Liabilities [Table Text Block]

The table below presents the carrying value and fair value of these assets and liabilities of the Company as of September 29, 2012 and December 31, 2011, respectively (in thousands): 

	September 29, 2012				December 31, 2011
	Carrying Value		Fair Value		Carrying Value		Fair Value
Cash and cash equivalents	$	10,335	$	10,335	$	17,753	$	17,753
Accounts receivable, net	278,305		278,305		288,483		288,483
Current maturities of long-term debt	11,151		11,151		8,809		8,809
Accounts payable	179,779		179,779		186,648		186,648

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Inventories

9 Months Ended

Sep. 29, 2012

Inventory Disclosure [Abstract]

Inventories [Text Block]

Inventories

Inventories by major category are as follows (in thousands):

	September 29, 2012		December 31, 2011
Raw materials	$	50,928	$	49,236
Work in process	20,330		20,968
Finished goods	60,511		63,592
	$	131,769	$	133,796

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Retirement Plans (Tables)

9 Months Ended

Sep. 29, 2012

Retirement Plans [Abstract]

Pension and Other Post Retirement Benefit Plans [Table Text Block]

The components of the net periodic expense for the Company’s pension plans and other postretirement benefit plans are as follows (in thousands):

	Three Months Ended						Nine Months Ended
	September 29, 2012			October 1, 2011			September 29, 2012			October 1, 2011
Service cost	$	415		$	440		$	1,449		$	1,097
Interest cost	3,642			3,722			10,908			11,265
Expected return on plan assets	(4,141		)	(4,094		)	(12,657		)	(12,275		)
Net amortization and deferral	(1		)	(2		)	(3		)	(4		)
Recognized net actuarial loss	1,562			190			4,818			822
Net periodic expense	$	1,477		$	256		$	4,515		$	905

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Discontinued Operations (Narrative) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 29, 2012
Documents Group [Member]
Discontinued Operations [Line Items]
Proceeds from the sales of discontinued operations	$ 35.5
Wide Format Business [Member]
Discontinued Operations [Line Items]
Proceeds from the sales of discontinued operations	4.7
Original Sales Price [Member] | Documents Group [Member]
Discontinued Operations [Line Items]
Proceeds from the sales of discontinued operations	$ 40.0

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Fair Value Measurements (Details) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2012	Dec. 31, 2011	Oct. 01, 2011	Jan. 01, 2011
Fair Value Measurements [Abstract]
Cash and cash equivalents	$ 10,335	$ 17,753	$ 21,577	$ 49,756
Cash and cash equivalents	10,335	17,753
Accounts receivable, net	278,305	288,483
Accounts receivable, net	278,305	288,483
Current maturities of long-term debt	11,151	8,809
Current maturities of long-term debt	11,151	8,809
Accounts payable	179,779	186,648
Accounts payable	$ 179,779	$ 186,648

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Sep. 29, 2012	Dec. 31, 2011
Current assets: [Abstract]
Cash and cash equivalents	$ 10,335	$ 17,753
Accounts receivable, net	278,305	288,483
Inventories, net	131,769	133,796
Prepaid and other current assets	69,878	72,742
Assets of discontinued operation - current	0	22,956
Total current assets	490,287	535,730
Property, plant and equipment, net	290,794	328,567
Goodwill	191,715	190,822
Other intangible assets, net	215,496	223,563
Other assets, net	91,274	79,490
Assets of discontinued operations - long-term	0	27,416
Total assets	1,279,566	1,385,588
Current liabilities: [Abstract]
Current maturities of long-term debt	11,151	8,809
Accounts payable	179,779	186,648
Accrued compensation and related liabilities	28,776	39,155
Other current liabilities	76,904	95,907
Liabilities of discontinued operations - current	0	5,346
Total current liabilities	296,610	335,865
Long-term debt	1,205,715	1,237,534
Other liabilities	176,724	185,419
Liabilities of discontinued operations - long-term	0	8,474
Commitments and contingencies
Shareholders' equity (deficit) [Abstract]
Preferred stock	0	0
Common stock	638	633
Paid-in capital	354,096	350,390
Retained earnings (deficit)	(695,991)	(672,847)
Accumulated other comprehensive income (loss)	(58,226)	(59,880)
Total shareholders' equity (deficit)	(399,483)	(381,704)
Total liabilities and shareholders' equity (deficit)	$ 1,279,566	$ 1,385,588

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Property, Plant and Equipment (Details) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2012	Dec. 31, 2011
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 734,939	$ 747,133
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	(444,145)	(418,566)
Property, plant and equipment, net	290,794	328,567
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	17,538	20,276
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	105,542	111,498
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	593,534	600,066
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	11,232	10,453
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 7,093	$ 4,840

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Acquisitions

9 Months Ended

Sep. 29, 2012

Business Combinations [Abstract]

Acquisitions [Text Block]

Acquisitions

The Company accounts for business combinations under the provisions of the Business Combination Topic of the Financial Accounting Standards Board’s Accounting Standards Codification (“ASC”) 805.  Acquisitions are accounted for by the purchase method, and accordingly, the assets and liabilities of the acquired businesses have been recorded at their estimated fair value on the acquisition date with the excess of the purchase price over their estimated fair value recorded as goodwill. In the event the estimated fair value of the assets and liabilities acquired exceeds the purchase price paid, a bargain purchase gain is recorded in the condensed consolidated statement of operations.

Acquisition-related costs are expensed as incurred. Acquisition-related including integration costs, are included in selling, general and administrative expenses in the Company’s condensed consolidated statement of operations and were $0.7 million and $0.8 million for the three months ended September 29, 2012 and October 1, 2011, respectively, and $1.1 million and $4.9 million for the nine months ended September 29, 2012 and October 1, 2011, respectively.

2011

Nesbitt

On August 1, 2011, the Company acquired essentially all of the assets of Nesbitt Graphics, Inc. ("Nesbitt"), which had annual net sales of approximately $5.6 million prior to the acquisition by the Company. Nesbitt is a niche content management business that focuses on high end book content development and project management offerings and was acquired to further enhance the Company's content management operations. The total purchase price was approximately $5.6 million, and was allocated to the tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values at their acquisition date. The changes from the Company's original purchase price allocation primarily relates to changes in working capital settlements from the acquisition date. The Nesbitt acquisition resulted in $2.0 million of goodwill, all of which is deductible for income tax purposes, and was assigned to the Company's print and envelope segment. The Company believes that the recognized goodwill related to Nesbitt is due to expected synergies and a reasonable market premium. The acquired identifiable intangible assets relate to customer relationships of $1.4 million, which are being amortized over their estimated useful life of 10 years.

Nesbitt’s results of operations and cash flows are included in the Company’s condensed consolidated statements of operations and cash flows from August 1, 2011. Pro forma results for the three and nine months ended October 1, 2011, assuming the acquisition of Nesbitt had been made on January 3, 2010, have not been presented since the effect would not be material.

Envelope Product Group

On February 1, 2011, the Company acquired the assets of MeadWestvaco Corporation's Envelope Product Group ("EPG"). EPG manufactures and distributes envelope products for the billing, financial, direct mail and office products markets and had approximately 900 employees, all of which were located in the United States. Prior to the acquisition, EPG had annual net sales of approximately $240 million. The Company believes EPG will further strengthen its existing envelope operations and will provide for manufacturing efficiencies given EPG's unique asset base and geographic overlap of facilities that exists between EPG and the Company's existing envelope operations. EPG was assigned to the Company's print and envelope segment. The purchase price was approximately $55.2 million and was allocated to the tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values at the acquisition date. The EPG acquisition resulted in a bargain purchase gain of approximately $11.7 million, which was recognized in the Company's condensed consolidated statement of operations. Prior to the recognition of the bargain purchase gain, the Company reassessed the fair value of the tangible and identifiable intangible assets acquired and liabilities assumed in the acquisition. The Company believes it was able to acquire EPG for less than the fair value of its net assets due to its operating results prior to the Company's acquisition and given its parent company's desire to exit a non-core business. The acquired identifiable intangible assets relate to: (i) a trade name of $1.0 million, which is being amortized over its estimated useful life of 10 years and (ii) a patent of $0.5 million, which is being amortized over its estimated useful life of 15 years.

Purchase Price Allocation

The following table summarizes the allocation of the purchase price of EPG to the assets acquired and liabilities assumed in the acquisition as of February 1, 2011 (in thousands):

	Original		Adjustments			Adjusted
Accounts receivable, net	$	29,817	$	—		$	29,817
Inventories	21,352		541			21,893
Prepaid and other current assets	386		—			386
Property, plant and equipment, net	37,982		406			38,388
Other intangible assets, net	1,500		—			1,500
Other assets, net	2,240		—			2,240
Total assets acquired	93,277		947			94,224
Current liabilities	25,340		243			25,583
Other liabilities	1,763		—			1,763
Total liabilities assumed	27,103		243			27,346
Net assets acquired	66,174		704			66,878
Cost of EPG acquisition	55,635		(477		)	55,158
Gain on bargain purchase of EPG	$	10,539	$	1,181		$	11,720

The changes from the Company's original purchase price allocation primarily relate to inventory fair value of $0.5 million, revisions to property, plant and equipment valuations of $0.4 million and adjustments to certain accruals of $0.2 million to present them at their estimated fair value. The Company finalized its purchase price allocation during the fourth quarter of 2011.

The fair values of property, plant and equipment and intangible assets associated with the EPG acquisition were determined to be Level 3 under the fair value hierarchy. Property, plant and equipment values were estimated based on discussions with machinery and equipment brokers, internal expertise related to the equipment and current marketplace conditions. The trade name and patent intangible assets were valued using a relief from royalty method based on future estimated revenues. The inputs used in the relief from royalty method include discount rates based on a weighted average cost of capital, growth and relief from royalty rates as well as an obsolescence factor.

EPG's results of operations and cash flows are included in the Company's condensed consolidated statements of operations and cash flows from February 1, 2011. As a result of the Company's integration of EPG into the Company's existing envelope operations, it is impracticable to disclose the amounts of revenues and earnings of EPG since the acquisition date.

Unaudited Pro Forma Financial Information

The following supplemental pro forma consolidated summary financial information of the Company for the nine months ended October 1, 2011 presented herein have been prepared by adjusting the historical data as set forth in its condensed consolidated statements of operations to give effect to the EPG acquisition as if it had been made as of January 3, 2010 (in thousands, except per share amounts):

	Nine Months Ended October 1, 2011
	As Reported		Pro Forma
Net sales	$	1,422,705	$	1,443,487
Operating income	78,762		83,526
Income (loss) from continuing operations	735		(3,497		)
Net income (loss)	5,963		1,731
Income (loss) per share – basic and diluted:
Continuing operations	$	0.01	$	(0.05	)
Discontinued operations	0.08		0.08
Net income	$	0.09	$	0.03
Weighted average shares outstanding:
Basic	62,891		62,891
Diluted	63,157		62,891

The supplemental pro forma consolidated summary financial information is presented for comparative purposes only and does not purport to be indicative of the Company’s actual condensed consolidated results of operations had the EPG acquisition actually been consummated as of the beginning of the period noted above or of the Company’s expected future results of operations. The adjustments related to the EPG acquisition supplemental pro forma consolidated summary financial information above include the elimination of sales between the Company and EPG, removal of acquisition related expenses and bargain purchase gain related to the acquisition, an estimate of the interest expense related to the increased debt resulting from the EPG acquisition and an adjustment to the statutory income tax rate. In addition, the Company has performed its assessment of the purchase price allocation by identifying intangible assets and estimating the fair value of intangible and tangible assets, including a trade name, patent and property, plant and equipment for which pro forma adjustments have been made to depreciation and amortization expense related to these estimated fair values.

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Condensed Consolidating Financial Information Narrative (Details) (Senior Subordinated Notes [Member])	Sep. 29, 2012
7.875% senior subordinated notes, due 2013 [Member]
Condensed Financial Statements, Captions [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	7.875%
8.875% senior second lien notes, due 2018 [Member]
Condensed Financial Statements, Captions [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	8.875%

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Segment Information (Tables)

9 Months Ended

Sep. 29, 2012

Segment Information [Abstract]

Segment Information [Table Text Block]

The following tables present certain segment information (in thousands):

	Three Months Ended						Nine Months Ended
	September 29, 2012			October 1, 2011			September 29, 2012			October 1, 2011
Net sales:
Print and envelope	$	343,012		$	367,454		$	1,016,332		$	1,090,999
Label and packaging	108,262			108,381			329,432			331,706
Total	$	451,274		$	475,835		$	1,345,764		$	1,422,705
Operating income:
Print and envelope	$	29,876		$	29,888		$	63,951		$	75,262
Label and packaging	12,472			12,882			37,343			36,174
Corporate	(7,360		)	(9,545		)	(23,094		)	(32,674		)
Total	$	34,988		$	33,225		$	78,200		$	78,762
Restructuring, impairment and other charges:
Print and envelope	$	3,490		$	4,223		$	21,247		$	12,554
Label and packaging	651			355			1,153			1,177
Corporate	49			107			166			246
Total	$	4,190		$	4,685		$	22,566		$	13,977
Net sales by product line:
Print	$	174,132		$	179,406		$	497,607		$	537,005
Envelope	168,880			188,048			518,725			553,994
Label	82,478			81,781			248,484			250,430
Packaging	25,784			26,600			80,948			81,276
Total	$	451,274		$	475,835		$	1,345,764		$	1,422,705
Intercompany sales:
Print and envelope to label and packaging	$	1,739		$	1,002		$	5,253		$	3,488
Label and packaging to print and envelope	1,902			2,334			5,024			4,592
Total	$	3,641		$	3,336		$	10,277		$	8,080

	September 29, 2012		December 31, 2011
Identifiable assets:
Print and envelope	$	818,087	$	867,329
Label and packaging	337,002		392,417
Corporate	124,477		125,842
Total	$	1,279,566	$	1,385,588

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Income (Loss) Per Share Income (loss) per share (Policies)

9 Months Ended

Sep. 29, 2012

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Earnings Per Share, Policy [Policy Text Block]

Basic income (loss) per share is computed based upon the weighted average number of common shares outstanding for the period. Diluted income (loss) per share for the three months ended September 29, 2012, is calculated using two approaches. The first approach, the treasury stock method, reflects the potential dilution that could occur if the stock options and RSUs (“Equity Awards”) to issue common stock were exercised. The second approach, the if converted method, reflects the potential dilution of the Equity Awards and the 7% Notes being exchanged for common stock. Under this method, interest expense associated with the 7% Notes, net of tax, is added back to income from continuing operations and the shares outstanding are increased by the underlying 7% Notes equivalent.

For the nine months ended September 29, 2012 and October 1, 2011, the effect of approximately 25,066,150 and 5,731,478, respectively, related to the exchange of the 7% Notes for common stock, stock options outstanding and unvested RSUs, which would be calculated using the treasury stock method, were excluded from the calculation of diluted income (loss) per share, as the effect would be anti-dilutive

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Condensed Consolidating Financial Information (Tables)

9 Months Ended

Sep. 29, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Balance Sheet [Table Text Block]

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET September 29, 2012 (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—		$	7,878		$	503		$	1,954	$	—		$	10,335
Accounts receivable, net	—			99,804			177,484			1,017		—			278,305
Inventories	—			57,839			73,836			94		—			131,769
Notes receivable from subsidiaries	—			36,938			—			—		(36,938		)	—
Prepaid and other current assets	—			54,738			11,765			3,375		—			69,878
Total current assets	—			257,197			263,588			6,440		(36,938		)	490,287
Investment in subsidiaries	(399,483		)	1,749,180			7,301			6,725		(1,363,723		)	—
Property, plant and equipment, net	—			90,860			198,505			1,429		—			290,794
Goodwill	—			29,540			155,932			6,243		—			191,715
Other intangible assets, net	—			6,724			206,777			1,995		—			215,496
Other assets, net	—			126,723			(36,581		)	1,132		—			91,274
Total assets	$	(399,483	)	$	2,260,224		$	795,522		$	23,964	$	(1,400,661	)	$	1,279,566
Liabilities and Shareholders’ (Deficit) Equity
Current liabilities:
Current maturities of long-term debt	$	—		$	6,359		$	4,792		$	—	$	—		$	11,151
Accounts payable	—			102,839			76,050			890		—			179,779
Accrued compensation and related liabilities	—			15,810			12,384			582		—			28,776
Other current liabilities	—			53,971			22,263			670		—			76,904
Intercompany payable (receivable)	—			1,120,031			(1,127,827		)	7,796		—			—
Notes payable to issuer	—			—			36,938			—		(36,938		)	—
Total current liabilities	—			1,299,010			(975,400		)	9,938		(36,938		)	296,610
Long-term debt	—			1,198,710			7,005			—		—			1,205,715
Other liabilities	—			161,987			14,737			—		—			176,724
Shareholders’ (deficit) equity	(399,483		)	(399,483		)	1,749,180			14,026		(1,363,723		)	(399,483		)
Total liabilities and shareholders’ (deficit) equity	$	(399,483	)	$	2,260,224		$	795,522		$	23,964	$	(1,400,661	)	$	1,279,566

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2011 (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—		$	16,033		$	280		$	1,440	$	—		$	17,753
Accounts receivable, net	—			113,368			174,003			1,112		—			288,483
Inventories	—			63,234			70,434			128		—			133,796
Notes receivable from subsidiaries	—			40,838			—			—		(40,838		)	—
Prepaid and other current assets	—			57,967			10,953			3,822		—			72,742
Assets of discontinued operations - current	—			9,455			13,501			—		—			22,956
Total current assets	—			300,895			269,171			6,502		(40,838		)	535,730
Investment in subsidiaries	(381,704		)	1,681,084			7,399			6,725		(1,313,504		)	—
Property, plant and equipment, net	—			96,680			229,932			1,955		—			328,567
Goodwill	—			29,244			155,361			6,217		—			190,822
Other intangible assets, net	—			6,785			214,435			2,343		—			223,563
Other assets, net	—			107,286			(29,400		)	1,604		—			79,490
Assets of discontinued operations - long-term	—			5,717			21,699			—		—			27,416
Total assets	$	(381,704	)	$	2,227,691		$	868,597		$	25,346	$	(1,354,342	)	$	1,385,588
Liabilities and Shareholders’ (Deficit) Equity
Current liabilities:
Current maturities of long-term debt	$	—		$	4,109		$	4,700		$	—	$	—		$	8,809
Accounts payable	—			94,503			91,311			834		—			186,648
Accrued compensation and related liabilities	—			26,173			12,760			222		—			39,155
Other current liabilities	—			72,813			22,634			460		—			95,907
Liabilities of discontinued operations - current	—			2,492			2,854			—		—			5,346
Intercompany payable (receivable)	—			1,005,396			(1,011,202		)	5,806		—			—
Notes payable to issuer	—			—			36,938			3,900		(40,838		)	—
Total current liabilities	—			1,205,486			(840,005		)	11,222		(40,838		)	335,865
Long-term debt	—			1,227,238			10,296			—		—			1,237,534
Other liabilities	—			175,088			10,331			—		—			185,419
Liabilities of discontinued operations - long-term	—			1,583			6,891			—		—			8,474
Shareholders’ (deficit) equity	(381,704		)	(381,704		)	1,681,084			14,124		(1,313,504		)	(381,704		)
Total liabilities and shareholders’ (deficit) equity	$	(381,704	)	$	2,227,691		$	868,597		$	25,346	$	(1,354,342	)	$	1,385,588

Condensed Consolidating Statement of Operations and Comprehensive Income [Table Text Block]

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the three months ended September 29, 2012 (in thousands)
	Parent Company		Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—	$	172,051		$	275,071		$	4,152		$	—		$	451,274
Cost of sales	—		143,226			217,459			3,440			—			364,125
Selling, general and administrative expenses	—		24,370			20,864			190			—			45,424
Amortization of intangible assets	—		137			2,276			134			—			2,547
Restructuring, impairment and other charges	—		1,805			2,383			2			—			4,190
Operating income	—		2,513			32,089			386			—			34,988
Interest expense, net	—		28,784			148			(6		)	—			28,926
Intercompany interest expense (income)	—		(414		)	391			23			—			—
Loss on early extinguishment of debt, net	—		25			—			—			—			25
Other expense (income), net	—		375			(3		)	119			—			491
Income (loss) from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	—		(26,257		)	31,553			250			—			5,546
Income tax (benefit) expense	—		(1,777		)	1,898			767			—			888
Income (loss) from continuing operations before equity in income of unconsolidated subsidiaries	—		(24,480		)	29,655			(517		)	—			4,658
Equity in income of unconsolidated subsidiaries	4,475		28,990			(517		)	—			(32,948		)	—
Income (loss) from continuing operations	4,475		4,510			29,138			(517		)	(32,948		)	4,658
Loss from discontinued operations, net of taxes	—		(35		)	(148		)	—			—			(183		)
Net income (loss)	4,475		4,475			28,990			(517		)	(32,948		)	4,475
Other comprehensive income (loss):
Other comprehensive income (loss) of unconsolidated subsidiaries	2,412		2,412			1,244			—			(6,068		)	—
Currency translation adjustment	—		—			1,168			1,244			—			2,412
Comprehensive (loss) income	$	6,887	$	6,887		$	31,402		$	727		$	(39,016	)	$	6,887

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the nine months ended September 29, 2012 (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	528,102		$	805,787		$	11,875		$	—		$	1,345,764
Cost of sales	—			440,660			645,435			10,381			—			1,096,476
Selling, general and administrative expenses	—			77,096			63,079			591			—			140,766
Amortization of intangible assets	—			444			6,910			402			—			7,756
Restructuring, impairment and other charges	—			3,331			19,139			96			—			22,566
Operating income	—			6,571			71,224			405			—			78,200
Interest expense, net	—			85,118			469			(13		)	—			85,574
Intercompany interest expense (income)	—			(1,102		)	1,030			72			—			—
Loss on early extinguishment of debt, net	—			11,439			—			—			—			11,439
Other (income) expense, net	—			(245		)	23			(105		)	—			(327		)
Income (loss) from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	—			(88,639		)	69,702			451			—			(18,486		)
Income tax expense (benefit)	—			(4,922		)	3,596			728			—			(598		)
Income (loss) from continuing operations before equity in income of unconsolidated subsidiaries	—			(83,717		)	66,106			(277		)	—			(17,888		)
Equity in income of unconsolidated subsidiaries	(23,144		)	58,186			(277		)	—			(34,765		)	—
Income (loss) from continuing operations	(23,144		)	(25,531		)	65,829			(277		)	(34,765		)	(17,888		)
(Loss) income from discontinued operations, net of taxes	—			2,387			(7,643		)	—			—			(5,256		)
Net (loss) income	(23,144		)	(23,144		)	58,186			(277		)	(34,765		)	(23,144		)
Other comprehensive income (loss):
Other comprehensive income (loss) of unconsolidated subsidiaries	1,654			1,654			179			—			(3,487		)	—
Currency translation adjustment	—			—			1,475			179			—			1,654
Comprehensive (loss) income	$	(21,490	)	$	(21,490	)	$	59,840		$	(98	)	$	(38,252	)	$	(21,490	)

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the three months ended October 1, 2011 (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	186,436		$	285,733		$	3,666		$	—		$	475,835
Cost of sales	—			153,843			224,189			3,734			—			381,766
Selling, general and administrative expenses	—			28,830			24,492			251			—			53,573
Amortization of intangible assets	—			123			2,329			134			—			2,586
Restructuring, impairment and other charges	—			2,907			1,778			—			—			4,685
Operating income (loss)	—			733			32,945			(453		)	—			33,225
Gain on bargain purchase	—			(641		)	—			—			—			(641		)
Interest expense, net	—			28,257			187			(9		)	—			28,435
Intercompany interest expense (income)	—			(292		)	238			54			—			—
Other (income) expense, net	—			557			(758		)	(703		)	—			(904		)
Income (loss) from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	—			(27,148		)	33,278			205			—			6,335
Income tax expense (benefit)	—			2,714			2,450			(103		)	—			5,061
Income (loss) from continuing operations before equity in income of unconsolidated subsidiaries	—			(29,862		)	30,828			308			—			1,274
Equity in income of unconsolidated subsidiaries	2,805			32,271			308			—			(35,384		)	—
Income (loss) from continuing operations	2,805			2,409			31,136			308			(35,384		)	1,274
Income from discontinued operations, net of taxes	—			396			1,135			—			—			1,531
Net income (loss)	2,805			2,805			32,271			308			(35,384		)	2,805
Other comprehensive income (loss):
Other comprehensive income (loss) of unconsolidated subsidiaries	(5,146		)	(5,146		)	(2,220		)	—			12,512			—
Reclassifications of losses related to interest rate swaps into earnings, net of taxes	—			—			—			—			—			—
Currency translation adjustment	—			—			(2,926		)	(2,220		)	—			(5,146		)
Comprehensive income (loss)	$	(2,341	)	$	(2,341	)	$	27,125		$	(1,912	)	$	(22,872	)	$	(2,341	)

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the nine months ended October 1, 2011 (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	529,703		$	877,663		$	15,339		$	—		$	1,422,705
Cost of sales	—			439,826			704,670			12,659			—			1,157,155
Selling, general and administrative expenses	—			89,084			75,164			811			—			165,059
Amortization of intangible assets	—			324			7,026			402			—			7,752
Restructuring, impairment and other charges	—			7,783			6,190			4			—			13,977
Operating income (loss)	—			(7,314		)	84,613			1,463			—			78,762
Gain on bargain purchase	—			(11,720		)	—			—			—			(11,720		)
Interest expense, net	—			87,489			615			(40		)	—			88,064
Intercompany interest expense (income)	—			(919		)	736			183			—			—
Other (income) expense, net	—			134			(5		)	(696		)	—			(567		)
Income (loss) from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	—			(82,298		)	83,267			2,016			—			2,985
Income tax expense (benefit)	—			3,588			(1,549		)	211			—			2,250
Income (loss) from continuing operations before equity in income of unconsolidated subsidiaries	—			(85,886		)	84,816			1,805			—			735
Equity in income of unconsolidated subsidiaries	5,963			90,429			1,805			—			(98,197		)	—
Income (loss) from continuing operations	5,963			4,543			86,621			1,805			(98,197		)	735
Income (loss) from discontinued operations, net of taxes	—			1,420			3,808			—			—			5,228
Net income (loss)	5,963			5,963			90,429			1,805			(98,197		)	5,963
Other comprehensive income (loss):
Other comprehensive income (loss) of unconsolidated subsidiaries	(1,953		)	(3,745		)	(2,173		)	—			7,871			—
Reclassifications of losses related to interest rate swaps into earnings, net of taxes	—			1,792			—			—			—			1,792
Currency translation adjustment	—			—			(1,572		)	(2,173		)	—			(3,745		)
Comprehensive income (loss)	$	4,010		$	4,010		$	86,684		$	(368	)	$	(90,326	)	$	4,010

Condensed Consolidating Statement of Cash Flows [Table Text Block]

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the nine months ended September 29, 2012  (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities of continuing operations	$	4,446		$	(87,609	)	$	104,046		$	2,528		$	—		$	23,411
Net cash used in operating activities of discontinued operations	—			(1,799		)	(2,934		)	—			—			(4,733		)
Net cash provided by (used in)operating activities	4,446			(89,408		)	101,112			2,528			—			18,678
Cash flows from investing activities:
Cost of business acquisitions, net of cash acquired	—			(644		)	—			—			—			(644		)
Capital expenditures	—			(7,819		)	(7,701		)	(117		)	—			(15,637		)
Proceeds from sale of property, plant and equipment	—			32			2,301			—			—			2,333
Proceeds from sale of intangible assets	—			1,700			—			—			—			1,700
Intercompany note	—			3,900			—			—			(3,900		)	—
Net cash used in investing activities of continuing operations	—			(2,831		)	(5,400		)	(117		)	(3,900		)	(12,248		)
Net cash provided by investing activities of discontinued operations	—			16,414			23,507			—			—			39,921
Net cash provided by (used in) investing activities	—			13,583			18,107			(117		)	(3,900		)	27,673
Cash flows from financing activities:
Repayment of 10.5% senior notes	—			(169,875		)	—			—			—			(169,875		)
Repayment of 7.875% senior subordinated notes	—			(196,088		)	—			—			—			(196,088		)
Borrowings (Repayment) of Term Loan B due 2016	—			17,987			—			—			—			17,987
Repayment of 8.375% senior subordinated notes	—			(24,787		)	—			—			—			(24,787		)
Payment of financing related costs and expenses and debt issuance discounts	—			(32,335		)	—			—			—			(32,335		)
Repayments of other long-term debt	—			(300		)	(3,199		)	—			—			(3,499		)
Retirement of common stock upon vesting of RSUs	(734		)	—			—			—			—			(734		)
Proceeds from issuance of 11.5% senior notes	—			225,000			—			—			—			225,000
Proceeds from issuance of 7% senior exchangeable notes	—			86,250			—			—			—			86,250
Borrowings under revolving credit facility, net	—			45,550			—			—			—			45,550
Intercompany note	—			—			—			(3,900		)	3,900			—
Intercompany advances	(3,712		)	117,920			(116,198		)	1,990			—			—
Net cash (used in) provided by financing activities of continuing operations	(4,446		)	69,322			(119,397		)	(1,910		)	3,900			(52,531		)
Net cash used in financing activities of discontinued operations	—			(1,652		)	—			—			—			(1,652		)
Net cash (used in) provided by financing activities	(4,446		)	67,670			(119,397		)	(1,910		)	3,900			(54,183		)
Effect of exchange rate changes on cash and cash equivalents	—			—			401			13			—			414
Net increase (decrease) in cash and cash equivalents	—			(8,155		)	223			514			—			(7,418		)
Cash and cash equivalents at beginning of period	—			16,033			280			1,440			—			17,753
Cash and cash equivalents at end of period	$	—		$	7,878		$	503		$	1,954		$	—		$	10,335

CENVEO, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the nine months ended October 1, 2011

 (in thousands)

	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities of continuing operations	$	7,129		$	(98,875	)	$	117,744		$	5,280		$	—		$	31,278
Net cash provided by operating activities of discontinued operations	—			2,884			4,719			—			—			7,603
Net cash provided by (used in) operating activities	7,129			(95,991		)	122,463			5,280			—			38,881
Cash flows from investing activities:
Cost of business acquisitions, net of cash acquired	—			(59,719		)	—			—			—			(59,719		)
Capital expenditures	—			(6,753		)	(3,507		)	(538		)	—			(10,798		)
Proceeds from sale of property, plant and equipment	—			1,288			9,701			—			—			10,989
Intercompany note	—			5,600			—			—			(5,600		)	—
Net cash (used in) provided by investing activities of continuing operations	—			(59,584		)	6,194			(538		)	(5,600		)	(59,528		)
Net cash used in investing activities of discontinued operations	—			(419		)	—			—			—			(419		)
Net cash (used in) provided by investing activities	—			(60,003		)	6,194			(538		)	(5,600		)	(59,947		)
Cash flows from financing activities:
Borrowings (Repayment) of Term Loan B due 2016	—			(2,850		)	—			—			—			(2,850		)
Repayments of other long-term debt	—			(14		)	(4,491		)	—			—			(4,505		)
Purchase and retirement of common stock upon vesting of RSUs	(1,283		)	—			—			—			—			(1,283		)
Borrowings under revolving credit facility, net	—			—			—			—			—			—
Proceeds from exercise of stock options	350			—			—			—			—			350
Intercompany note	—			—			—			(5,600		)	5,600			—
Intercompany advances	(6,196		)	131,219			(125,067		)	44			—			—
Net cash provided by (used in) financing activities	(7,129		)	128,355			(129,558		)	(5,556		)	5,600			(8,288		)
Effect of exchange rate changes on cash and cash equivalents	—			—			66			1,109			—			1,175
Net increase (decrease) in cash and cash equivalents	—			(27,639		)	(835		)	295			—			(28,179		)
Cash and cash equivalents at beginning of period	—			46,882			1,010			1,864			—			49,756
Cash and cash equivalents at end of period	$	—		$	19,243		$	175		$	2,159		$	—		$	21,577

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Discontinued Operations (Tables)

9 Months Ended

Sep. 29, 2012

Discontinued Operations [Line Items]

Discontinued operations tables [Table Text Block]

The following table summarizes certain statement of operations information for discontinued operations (in thousands):

	Three Months Ended					Nine Months Ended
	September 29, 2012			October 1, 2011		September 29, 2012			October 1, 2011
Net sales	$	—		$	24,717	$	9,190		$	76,111
(Loss) income from discontinued operations before income taxes	(150		)	2,479		250			8,482
Income tax (benefit) expense on discontinued operations	(59		)	948		95			3,254
Loss on sale of discontinued operations, net of taxes of $0.1 million and $3.4 million, respectively	(92		)	—		(5,411		)	—
(Loss) income from discontinued operations, net of taxes	$	(183	)	$	1,531	$	(5,256	)	$	5,228
Income (loss) per share - basic and diluted	$	—		$	0.02	$	(0.08	)	$	0.08

The following table shows the components of assets and liabilities that are classified as discontinued operations in the Company's consolidated balance sheet as of December 31, 2011 (in thousands):

	December 31, 2011
Accounts receivable, net	$	7,647
Inventories	14,356
Prepaid and other current assets	953
Assets of discontinued operations - current	22,956
Property, plant and equipment, net	10,273
Other assets, net (1)	17,143
Assets of discontinued operations - long-term	27,416
Accounts payable	4,352
Accrued compensation and related liabilities	548
Other current liabilities	446
Liabilities of discontinued operations - current	5,346
Liabilities of discontinued operations - long-term	8,474
Net assets	$	36,552

⁽¹⁾ Includes $2.8 million of goodwill and $14.3 million of intangible assets at December 31, 2011.

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Discontinued Operations

9 Months Ended

Sep. 29, 2012

Discontinued Operation, Income (Loss) from Discontinued Operation Disclosures [Abstract]

Discontinued Operations [Text Block]

Discontinued Operations

On February 10, 2012, the Company completed the sale of its documents and forms business ("Documents Group"). Net cash proceeds were approximately $35.5 million. The original sale price of $40.0 million was subject to customary working capital settlement negotiations, which were completed during the three months ended September 29, 2012, pursuant to the purchase and sale agreement. The operating results of the Documents Group, are reported in discontinued operations in the Company's financial statements for all periods presented herein.

On January 27, 2012, the Company completed the sale of its wide format business, for cash proceeds of approximately $4.7 million. The operating results of the wide-format business, are reported in discontinued operations in the Company's financial statements for all periods presented herein.

The following table shows the components of assets and liabilities that are classified as discontinued operations in the Company's consolidated balance sheet as of December 31, 2011 (in thousands):

	December 31, 2011
Accounts receivable, net	$	7,647
Inventories	14,356
Prepaid and other current assets	953
Assets of discontinued operations - current	22,956
Property, plant and equipment, net	10,273
Other assets, net (1)	17,143
Assets of discontinued operations - long-term	27,416
Accounts payable	4,352
Accrued compensation and related liabilities	548
Other current liabilities	446
Liabilities of discontinued operations - current	5,346
Liabilities of discontinued operations - long-term	8,474
Net assets	$	36,552

⁽¹⁾ Includes $2.8 million of goodwill and $14.3 million of intangible assets at December 31, 2011.

The following table summarizes certain statement of operations information for discontinued operations (in thousands):

	Three Months Ended					Nine Months Ended
	September 29, 2012			October 1, 2011		September 29, 2012			October 1, 2011
Net sales	$	—		$	24,717	$	9,190		$	76,111
(Loss) income from discontinued operations before income taxes	(150		)	2,479		250			8,482
Income tax (benefit) expense on discontinued operations	(59		)	948		95			3,254
Loss on sale of discontinued operations, net of taxes of $0.1 million and $3.4 million, respectively	(92		)	—		(5,411		)	—
(Loss) income from discontinued operations, net of taxes	$	(183	)	$	1,531	$	(5,256	)	$	5,228
Income (loss) per share - basic and diluted	$	—		$	0.02	$	(0.08	)	$	0.08

Income (loss) from discontinued operations, net of taxes for the nine months ended September 29, 2012 also includes the reduction of a liability of $1.8 million, net of tax expense of $1.2 million, due to the expiration of certain statutes of limitations related to a previous divestiture.

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 29, 2012	Oct. 01, 2011	Sep. 29, 2012	Oct. 01, 2011
Net sales	$ 451,274	$ 475,835	$ 1,345,764	$ 1,422,705
Cost of sales	364,125	381,766	1,096,476	1,157,155
Selling, general and administrative expenses	45,424	53,573	140,766	165,059
Amortization of intangible assets	2,547	2,586	7,756	7,752
Restructuring, impairment and other charges	4,190	4,685	22,566	13,977
Operating income (loss)	34,988	33,225	78,200	78,762
Gain on bargain purchase	0	(641)	0	(11,720)
Interest expense, net	28,926	28,435	85,574	88,064
(Gain) loss on early extinguishment of debt	25	0	11,439	0
Other (income) expense, net	491	(904)	(327)	(567)
Income (loss) from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	5,546	6,335	(18,486)	2,985
Income tax expense (benefit)	888	5,061	(598)	2,250
Income (loss) from continuing operations	4,658	1,274	(17,888)	735
Income (loss) from discontinued operations, net of taxes	(183)	1,531	(5,256)	5,228
Net income (loss)	4,475	2,805	(23,144)	5,963
Comprehensive income (loss): [Abstract]
Reclassifications of losses related to interest rate swaps into earnings, net of taxes	0	0	0	(1,792)
Currency translation adjustment	2,412	(5,146)	1,654	(3,745)
Comprehensive income (loss)	$ 6,887	$ (2,341)	$ (21,490)	$ 4,010
Income (loss) per share - basic: [Abstract]
Continuing operations per share - basic	$ 0.07	$ 0.02	$ (0.28)	$ 0.01
Discontinued operations per share - basic	$ 0.00	$ 0.02	$ (0.08)	$ 0.08
Net income (loss) per share - basic	$ 0.07	$ 0.04	$ (0.36)	$ 0.09
Income (loss) per share - diluted: [Abstract]
Continuing operations per share - diluted	$ 0.06	$ 0.02	$ (0.28)	$ 0.01
Discontinued operations per share - diluted	$ 0.00	$ 0.02	$ (0.08)	$ 0.08
Net income (loss) per share - diluted	$ 0.06	$ 0.04	$ (0.36)	$ 0.09
Weighted average shares outstanding: [Abstract]
Basic shares	63,624	63,068	63,502	62,891
Diluted shares	84,544	63,197	63,502	63,157

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Income (Loss) Per Share

9 Months Ended

Sep. 29, 2012

Earnings Per Share [Abstract]

Income (Loss) per Share [Text Block]

 Income (Loss) per Share

Basic income (loss) per share is computed based upon the weighted average number of common shares outstanding for the period. Diluted income (loss) per share for the three months ended September 29, 2012, is calculated using two approaches. The first approach, the treasury stock method, reflects the potential dilution that could occur if the stock options and RSUs (“Equity Awards”) to issue common stock were exercised. The second approach, the if converted method, reflects the potential dilution of the Equity Awards and the 7% Notes being exchanged for common stock. Under this method, interest expense associated with the 7% Notes, net of tax, is added back to income from continuing operations and the shares outstanding are increased by the underlying 7% Notes equivalent.

For the nine months ended September 29, 2012 and October 1, 2011, the effect of approximately 25,066,150 and 5,731,478, respectively, related to the exchange of the 7% Notes for common stock, stock options outstanding and unvested RSUs, which would be calculated using the treasury stock method, were excluded from the calculation of diluted income (loss) per share, as the effect would be anti-dilutive.

The following table sets forth the computation of basic and diluted income (loss) per share for the periods ended (in thousands, except per share data):

	Three Months Ended					Nine Months Ended
	September 29, 2012			October 1, 2011		September 29, 2012			October 1, 2011
Numerator for basic income (loss) per share:
Income (loss) from continuing operations	$	4,658		$	1,274	$	(17,888	)	$	735
(Loss) income from discontinued operations, net of taxes	(183		)	1,531		(5,256		)	5,228
Net income (loss)	$	4,475		$	2,805	$	(23,144	)	$	5,963
Numerator for diluted income (loss) per share:
Income (loss) from continuing operations - as reported	$	4,658		$	1,274	$	(17,888	)	$	735
Interest expense on 7% Notes, net of taxes	1,020			—		—			—
Income (loss) from continuing operations - after assumed conversions of dilutive shares	5,678			1,274		(17,888		)	735
(Loss) income from discontinued operations, net of taxes	(183		)	1,531		(5,256		)	5,228
Net income for diluted income (loss) per share after assumed conversions of dilutive shares	$	5,495		$	2,805	$	(23,144	)	$	5,963
Denominator for weighted average common shares outstanding:
Basic shares	63,624			63,068		63,502			62,891
Dilutive effect of convertible notes	20,831			—		—			—
Dilutive effect of equity awards	89			129		—			266
Diluted shares	84,544			63,197		63,502			63,157
Income (loss) per share – basic:
Continuing operations	$	0.07		$	0.02	$	(0.28	)	$	0.01
Discontinued operations	—			0.02		(0.08		)	0.08
Net income (loss)	$	0.07		$	0.04	$	(0.36	)	$	0.09
Income (loss) per share – diluted:
Continuing operations	$	0.06		$	0.02	$	(0.28	)	$	0.01
Discontinued operations	—			0.02		(0.08		)	0.08
Net income (loss)	$	0.06		$	0.04	$	(0.36	)	$	0.09

XML

Document and Entity Information	9 Months Ended
	Sep. 29, 2012	Nov. 06, 2012
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 29, 2012
Entity Registrant Name	CENVEO, INC
Entity Central Index Key	0000920321
Current Fiscal Year End Date	--12-29
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		63,762,268
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q3

XML

Segment Information

9 Months Ended

Sep. 29, 2012

Segment Reporting, Measurement Disclosures [Abstract]

Segment Information [Text Block]

Segment Information

In the first quarter of 2012, the Company realigned its reportable segments as a result of the sale of the Discontinued Operations combined with the realignment of management responsibilities and strategy. Previously, the Company reported its segments as envelopes, forms and labels and commercial printing. Beginning January 1, 2012, the Company realigned its segments into two complementary reportable segments - the print and envelope segment and the label and packaging segment. The print and envelope segment provides a wide array of print offerings such as high-end printed materials including car brochures, advertising literature, corporate identity and brand marketing material, digital printing and content management; and direct mail offerings and custom and stock envelopes. The label and packaging segment specializes in the design, manufacturing and printing of labels such as, custom labels, overnight packaging labels, pressure-sensitive prescription labels and high quality packaging offerings, full body shrink sleeves, and specialized folded carton packaging. Segment information for the three and nine months ended October 1, 2011 has been reclassified to reflect the 2012 reportable segment presentation.

Operating income (loss) of each segment includes substantially all costs and expenses directly related to the segment's operations. Corporate expenses include corporate general and administrative expenses including stock-based compensation.

Corporate identifiable assets primarily consist of cash and cash equivalents, miscellaneous receivables, deferred financing fees, deferred tax assets and other assets.

The following tables present certain segment information (in thousands):

	Three Months Ended						Nine Months Ended
	September 29, 2012			October 1, 2011			September 29, 2012			October 1, 2011
Net sales:
Print and envelope	$	343,012		$	367,454		$	1,016,332		$	1,090,999
Label and packaging	108,262			108,381			329,432			331,706
Total	$	451,274		$	475,835		$	1,345,764		$	1,422,705
Operating income:
Print and envelope	$	29,876		$	29,888		$	63,951		$	75,262
Label and packaging	12,472			12,882			37,343			36,174
Corporate	(7,360		)	(9,545		)	(23,094		)	(32,674		)
Total	$	34,988		$	33,225		$	78,200		$	78,762
Restructuring, impairment and other charges:
Print and envelope	$	3,490		$	4,223		$	21,247		$	12,554
Label and packaging	651			355			1,153			1,177
Corporate	49			107			166			246
Total	$	4,190		$	4,685		$	22,566		$	13,977
Net sales by product line:
Print	$	174,132		$	179,406		$	497,607		$	537,005
Envelope	168,880			188,048			518,725			553,994
Label	82,478			81,781			248,484			250,430
Packaging	25,784			26,600			80,948			81,276
Total	$	451,274		$	475,835		$	1,345,764		$	1,422,705
Intercompany sales:
Print and envelope to label and packaging	$	1,739		$	1,002		$	5,253		$	3,488
Label and packaging to print and envelope	1,902			2,334			5,024			4,592
Total	$	3,641		$	3,336		$	10,277		$	8,080

	September 29, 2012		December 31, 2011
Identifiable assets:
Print and envelope	$	818,087	$	867,329
Label and packaging	337,002		392,417
Corporate	124,477		125,842
Total	$	1,279,566	$	1,385,588

XML

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 29, 2012	Oct. 01, 2011
Cash flows from operating activities: [Abstract]
Net income (loss)	$ (23,144)	$ 5,963
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: [Abstract]
(Gain) loss on sale of discontinued operations, net of taxes	5,411	0
Income (loss) from discontinued operations, net of taxes	(155)	(5,228)
Depreciation and amortization, excluding non-cash interest expense	46,461	48,054
Non-cash interest expense, net	5,796	4,100
Deferred income taxes	(2,796)	2,469
(Gain) loss on sale of assets	(1,296)	318
Non-cash restructuring, impairment and other charges, net	10,801	3,209
Gain on bargain purchase	0	(11,720)
(Gain) loss on early extinguishment of debt	11,439	0
Stock-based compensation provision	4,445	7,129
Other non-cash charges	3,800	4,723
Changes in operating assets and liabilities, excluding the effects of acquired businesses: [Abstract]
Accounts receivable	9,775	(13,015)
Inventories	(636)	8,924
Accounts payable and accrued compensation and related liabilities	(14,659)	10,120
Other working capital changes	(19,181)	(15,266)
Other, net	(12,650)	(18,502)
Net cash provided by (used in) operating activities of continuing operations	23,411	31,278
Net cash provided by (used in) operating activities of discontinued operations	(4,733)	7,603
Net cash provided by (used in) operating activities	18,678	38,881
Cash flows from investing activities: [Abstract]
Cost of business acquisitions, net of cash acquired	(644)	(59,719)
Capital expenditures	(15,637)	(10,798)
Proceeds from sale of property, plant and equipment	2,333	10,989
Proceeds from sale of intangible asset	1,700	0
Net cash (used in) provided by investing activities of continuing operations	(12,248)	(59,528)
Net cash (used in) provided by investing activities of discontinued operations	39,921	(419)
Net cash (used in) provided by investing activities	27,673	(59,947)
Cash flows from financing activities: [Abstract]
Repayment of 10.5% senior notes	(169,875)	0
Borrowings of Term Loan B due 2016	17,987
(Repayment) of Term Loan B due 2016		(2,850)
Payment of financing related costs and expenses and debt issuance discounts	(32,335)	0
Repayments of other long-term debt	(3,499)	(4,505)
Retirement of common stock upon vesting of RSUs	(734)	(1,283)
Proceeds from issuance of 11.5% senior notes	225,000	0
Proceeds from issuance of 7% senior exchangeable notes	86,250	0
Borrowings under revolving credit facility, net	45,550	0
Proceeds from exercise of stock options	0	350
Net cash provided by (used in) financing activities of continuing operations	(52,531)	(8,288)
Net cash provided by (used in) financing activities of discontinued operations	(1,652)	0
Net cash provided by (used in) financing activities	(54,183)	(8,288)
Effect of exchange rate changes on cash and cash equivalents	414	1,175
Net increase (decrease) in cash and cash equivalents	(7,418)	(28,179)
Cash and cash equivalents at beginning of period	17,753	49,756
Cash and cash equivalents at end of period	10,335	21,577
Repayment of 7.875% senior subordinated notes [Member]
Cash flows from financing activities: [Abstract]
Repayments of senior subordinated notes	(196,088)	0
Repayment of 8.375% senior subordinated notes [Member]
Cash flows from financing activities: [Abstract]
Repayments of senior subordinated notes	$ (24,787)	$ 0

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Commitments and Contingencies

9 Months Ended

Sep. 29, 2012

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies [Text Block]

Commitments and Contingencies

The Company is party to various legal actions that are ordinary and incidental to its business. While the outcome of pending legal actions cannot be predicted with certainty, management believes the outcome of these various proceedings will not have a material adverse effect on the Company’s financial statements. In January, 2012, the Company reached an agreement with all parties to settle all controversies and disputes with prejudice in connection with certain civil litigations filed in the United States District Court for the Northern District of New York and in the Superior Court of New Jersey, Burlington County. As the Company's liability arising out of these litigations existed as of the December 2011 balance sheet date, this settlement was recorded in the fourth quarter of 2011 within other expense (income), net in the condensed consolidated statement of operations. The Company funded this settlement in the first quarter of 2012. In September 2011, the Company reached an agreement with all defendants to settle all controversies and disputes and agreed to dismiss all claims against the defendants with prejudice in connection with a civil litigation filed in Minneapolis, Minnesota. This settlement was recorded as a reduction to selling, general and administrative expenses in the condensed consolidated statement of operations.

The Company is involved in certain environmental matters and has been designated as a potentially responsible party for certain hazardous waste sites. There have been no material changes related to these environmental matters and, based on information currently available, the Company believes that remediation of these environmental matters will not have a material adverse effect on the Company’s financial statements.

The Company’s income, sales and use, and other tax returns are routinely subject to audit by various authorities. The Company believes that the resolution of any matters raised during such audits will not have a material adverse effect on the Company’s financial statements.

The Company participates in a number of multi-employer pension plans for union employees (“Multi-Employer Plans”) and is exposed to significant risks and uncertainties arising from its participation in these Multi-Employer Plans. These risks and uncertainties, including changes in future contributions due to partial or full withdrawal of the Company and other participating employers from these Multi-Employer Plans, could significantly increase the Company’s future contributions or the underfunded status of these Multi-Employer Plans. Two of the Multi-Employer Plans are in mass withdrawal status. While it is not possible to quantify the potential impact of future actions of the Company or other participating employers from these Multi-Employer Plans, continued participation in or withdrawal from these multi-employer pension plans could have a material impact on the Company’s financial statements.

XML

Long-Term Debt

9 Months Ended

Sep. 29, 2012

Debt Disclosure [Abstract]

Long-Term Debt [Text Block]

Long-term debt is as follows (in thousands):

	September 29, 2012			December 31, 2011
Revolving credit facility, due 2014	$	45,550		$	—
7.875% senior subordinated notes, due 2013	86,621			284,878
8.375% senior subordinated notes, due 2014 ($25.2 million outstanding principal amount as of December 31, 2011)	—			25,424
Term Loan B, due 2016 ($374.2 million and $356.2 million outstanding principal amount as of September 29, 2012 and December 31, 2011, respectively)	371,371			353,033
10.5% senior notes, due 2016	—			170,000
7% senior exchangeable notes, due 2017	86,250			—
11.5% senior notes, due 2017 ($225.0 million outstanding principal amount as of September 29, 2012)	217,353			—
8.875% senior second lien notes, due 2018 ($400.0 million outstanding principal amount as of September 29, 2012 and December 31, 2011)	397,924			397,704
Other debt including capital leases	11,797			15,304
	1,216,866			1,246,343
Less current maturities	(11,151		)	(8,809		)
Long-term debt	$	1,205,715		$	1,237,534

The estimated fair value of the Company’s long-term debt was approximately $1.2 billion as of September 29, 2012 and $1.1 billion as of December 31, 2011. The fair value was determined by the Company to be Level 2 under the fair value hierarchy and was based upon review of observable pricing in secondary markets for each debt instrument.

As of September 29, 2012, the Company was in compliance with all debt agreement covenants.

Term Loan Add-On and Add-On Amendment

On June 8, 2012, the Company issued $65 million aggregate principal amount of additional term loans (the “Term Loan Add-On”) under its senior secured credit agreement, which includes a $170 million revolving credit facility due 2014 (the "2010 Revolving Credit Facility") and a $380 million term loan due 2016 (the "Term Loan B") (collectively with the Term Loan Add-On and 2010 Revolving Credit Facility, the “2010 Credit Facilities”). The Term Loan Add-On was issued at a discount of approximately $0.7 million. Concurrently with the Term Loan Add-On, the Company amended the 2010 Credit Facilities (the “Add-On Amendment”) to allow for the repurchase of up to $135 million of its 7.875% senior subordinated notes due 2013 (the “7.875% Notes”), subject to maintaining certain liquidity thresholds and other customary conditions. The Company capitalized debt issuance costs of $1.8 million, which will be amortized over the remaining life of the 2010 Credit Facilities. Consenting lenders received $2.0 million for the Add-On Amendment, of which $1.1 million was capitalized and will be amortized over the remaining life of the 2010 Credit Facilities. Additionally, the interest rate margin for all loans under the 2010 Credit Facilities increased to (i) 5.125% from 4.75% per annum for London Interbank Offered Rate (“LIBOR”) based loans and to (ii) 4.125% from 3.75% per annum for prime rate loans. The Add-On Amendment also delayed a step down in the maximum first lien leverage ratio covenant to 2.25x from 2.50x until the first quarter of 2013. Proceeds from the Term Loan Add-On were initially used to repay outstanding revolving credit borrowings and to pay related fees and expenses, which will provide capacity under the 2010 Revolving Credit Facility to repurchase the 7.875% Notes.

11.5% Senior Notes

On March 28, 2012, the Company issued $225 million aggregate principal amount of 11.5% senior notes due 2017 (the “11.5% Notes”) that were sold with registration rights to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, and to certain non-U.S. persons in accordance with Regulation S under the Securities Act of 1933.  The 11.5% Notes were issued at a discount of approximately $8.3 million, of which $7.6 million remains unamortized as of September 29, 2012. The 11.5% Notes were issued pursuant to an indenture (the “11.5% Indenture”) among the Company, certain subsidiary guarantors and U.S. Bank National Association, as trustee. The Company will pay interest on the 11.5% Notes, semi-annually, in cash in arrears, on May 15 and November 15 of each year commencing May 15, 2012. The 11.5% Notes have no required principal payments prior to their maturity on May 15, 2017.  The 11.5% Notes are guaranteed on a senior unsecured basis by the Company and substantially all of its existing and future North American subsidiaries. As such, the 11.5% Notes rank pari passu with all of the Company's existing and future senior debt and senior to any of the Company's subordinated debt. The Company may redeem the 11.5% Notes, in whole or in part, on or after May 15, 2015, at redemption prices ranging from 100% to approximately 105.75%, plus accrued and unpaid interest. In addition, at any time prior to May 15, 2015, the Company may redeem up to 35% of the aggregate principal amount of the notes originally issued with the net cash proceeds of certain public equity offerings, at a redemption price of 111.50% plus accrued and unpaid interest. The Company may also redeem some or all of the 11.5% Notes before May 15, 2015 at a redemption price of 100% of the principal amount, plus accrued and unpaid interest, if any, to the redemption date, plus a “make whole” premium. Each holder of the 11.5% Notes has the right to require the Company to repurchase such holder's notes at a purchase price of 101% of the principal amount thereof, plus accrued and unpaid interest thereon, upon the occurrence of certain events specified in the indenture that constitute a change of control. The 11.5% Indenture contains a number of covenants that, among other things, restrict, subject to certain exceptions, the Company's ability and the ability of the Company's subsidiaries, to incur or guarantee additional indebtedness, make restricted payments (including paying dividends on, redeeming or repurchasing our capital stock), permit restricted subsidiaries to pay dividends or make other distributions or payments, dispose of assets, make investments, grant liens on assets, merge or consolidate or transfer certain assets, and enter into transactions with affiliates. The 11.5% Indenture also contains certain customary affirmative covenants. In order to fulfill its registration rights obligations, on May 10, 2012, the Company launched a registered exchange offer (the "Exchange Offer") to exchange any and all of its unregistered 11.5% Notes for publicly tradeable notes having substantially identical terms, except for the elimination of some transfer restrictions, registration rights and additional interest payments relating to the outstanding notes. The Exchange Offer expired on June 18, 2012.

7% Senior Exchangeable Notes

Concurrently with the 11.5% Notes, the Company issued $86.3 million aggregate principal amount of senior exchangeable notes due 2017 (the “7% Notes”) that were sold to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933.  The 7% Notes were issued pursuant to an indenture (the “7% Indenture”) among the Company, certain subsidiary guarantors and U.S. Bank National Association, as trustee. The Company will pay interest on the 7% Notes semi-annually, in cash in arrears, on May 15 and November 15 of each year, commencing November 15, 2012. The 7% Notes have no required principal payments prior to their maturity on May 15, 2017.  The 7% Notes are guaranteed on a senior unsecured basis by the Company and substantially all of its North American subsidiaries. As such, the 7% Notes rank pari passu with all of the Company's existing and future senior debt and senior to any of the Company's subordinated debt. The Company may not redeem the notes at its option. Upon a fundamental change, as defined in the 7% Indenture, holders of 7% Notes may require the Company to repurchase all or a portion of such holder's notes for cash at a repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus any accrued and unpaid interest to, but excluding, the fundamental change repurchase date, as defined in the 7% Indenture. The 7% Indenture does not contain any financial covenants or any restrictions, among other things, on the payment of dividends, the incurrence of other indebtedness, or the issuance or repurchase of securities by the Company. The 7% Indenture does not contain any covenants or other provisions to protect holders of the notes in the event of a highly leveraged transaction or a change of control, except to the extent described in the 7% Indenture.

The 7% Notes are exchangeable at any time prior to the close of business on the business day immediately preceding the maturity date for shares of the Company's common stock at an exchange rate of 241.5167 shares per $1,000 principal amount of 7% Notes, which is equal to an exchange price of approximately $4.14 per share, subject to adjustment under certain specified circumstances. This represents a premium of 22.5% above the last reported sale price of Cenveo's common stock on the New York Stock Exchange on Thursday, March 22, 2012, which was $3.38 per share. If a holder elects to exchange notes in connection with a make-whole fundamental change, as described in the 7% Indenture, such holder may also be entitled to receive a make-whole premium upon exchange in certain circumstances.

2012 Refinancing

Net proceeds of the 11.5% Notes and 7% Notes together with borrowings under the Company's 2010 Revolving Credit Facility were used to fund the cash tender offers for any and all of the Company's 8.375% senior subordinated notes due 2014 (the “8.375% Notes”) and 10.5% senior notes due 2016 (the “10.5% Notes”), plus $45 million aggregate principal amount of the Company's 7.875% Notes and to repurchase an additional $73.4 million of 7.875% Notes through open market, negotiated purchases to refinance such indebtedness, and to pay related fees and expenses (collectively the “2012 Refinancing”). In connection with the issuance of the 11.5% Notes and the 7% Notes, the Company capitalized debt issuance costs of $6.0 million and $3.0 million, respectively, all of which will be amortized over the life of the 11.5% Notes and the 7% Notes.

2012 Amended Credit Facilities

In February of 2012, the Company amended the 2010 Credit Facilities (the “2012 Amendment”) to increase its restricted dispositions basket in connection with the sale of the Documents Group. The 2012 Amendment required that 25% of net proceeds be used to repay the Term Loan B and requires that the remaining amount be used to reinvest in the business or refinance certain existing debt. On February 14, 2012, the Company repaid $9.5 million of the Term Loan B in connection with this provision. The 2012 Amendment required the Company to repay unsecured and second lien debt in an amount equal to 75% of the net proceeds. In connection with the 2012 Amendment, the Company paid $1.7 million to consenting lenders and related fees, which are included in discontinued operations in the condensed consolidated statement of operations.

Effective March 5, 2012, the Company increased its borrowing capacity under the 2010 Revolving Credit Facility to $170 million from $150 million as a result of receiving an additional commitment, as permitted under the 2010 Credit Facilities. On March 9, 2012, the Company repaid $34.7 million of its Term Loan B as part of its required excess cash flow payment.

Extinguishments

In the third quarter of 2012, the Company purchased in the open market approximately $16.0 million of its 7.875% Notes and retired them for $16.2 million including accrued and unpaid interest. In connection with the retirement, the Company wrote-off $0.1 million of unamortized debt issuance costs. The Company expects to continue to repurchase the 7.875% Notes throughout the remainder of this year and into 2013. Since September 29, 2012, the Company has purchased an additional $1.0 million of 7.875% Notes and retired them for $1.0 million including accrued and unpaid interest.

In the second quarter of 2012, the Company purchased in the open market approximately $50.0 million of its 7.875% Notes and retired them for $49.5 million including accrued and unpaid interest. In connection with the retirement, the Company recorded a gain on early extinguishment of debt of $0.3 million, which includes the write-off of $0.1 million of unamortized debt issuance costs.

In connection with the 2012 Refinancing, the Company incurred a loss on early extinguishment of debt of $12.7 million, of which $9.6 million related to tender and consent fees paid to consenting lenders of its 7.875% Notes, 10.5% Notes and 8.375% Notes and $3.1 million relates to the write-off of previously unamortized debt issuance costs.

In the first quarter of 2012, and prior to the 2012 Refinancing, the Company purchased in the open market approximately $13.8 million, $5.0 million and $2.0 million of its 7.875% Notes, 10.5% Notes and 8.375% Notes, respectively, and retired them for $12.2 million, $4.9 million and $1.6 million, respectively, including accrued and unpaid interest.  In connection with the retirement of these 7.875% Notes, 10.5% Notes and 8.375% Notes, the Company recorded a gain on early extinguishment of debt of approximately $2.1 million, which includes the write-off of $0.1 million of unamortized debt issuance costs.

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Acquisitions (Tables)

9 Months Ended

Sep. 29, 2012

Business Acquisition [Line Items]

Purchase Price Allocation [Table Text Block]

Purchase Price Allocation

The following table summarizes the allocation of the purchase price of EPG to the assets acquired and liabilities assumed in the acquisition as of February 1, 2011 (in thousands):

	Original		Adjustments			Adjusted
Accounts receivable, net	$	29,817	$	—		$	29,817
Inventories	21,352		541			21,893
Prepaid and other current assets	386		—			386
Property, plant and equipment, net	37,982		406			38,388
Other intangible assets, net	1,500		—			1,500
Other assets, net	2,240		—			2,240
Total assets acquired	93,277		947			94,224
Current liabilities	25,340		243			25,583
Other liabilities	1,763		—			1,763
Total liabilities assumed	27,103		243			27,346
Net assets acquired	66,174		704			66,878
Cost of EPG acquisition	55,635		(477		)	55,158
Gain on bargain purchase of EPG	$	10,539	$	1,181		$	11,720

Pro Forma Financial Information [Table Text Block]

Unaudited Pro Forma Financial Information

The following supplemental pro forma consolidated summary financial information of the Company for the nine months ended October 1, 2011 presented herein have been prepared by adjusting the historical data as set forth in its condensed consolidated statements of operations to give effect to the EPG acquisition as if it had been made as of January 3, 2010 (in thousands, except per share amounts):

	Nine Months Ended October 1, 2011
	As Reported		Pro Forma
Net sales	$	1,422,705	$	1,443,487
Operating income	78,762		83,526
Income (loss) from continuing operations	735		(3,497		)
Net income (loss)	5,963		1,731
Income (loss) per share – basic and diluted:
Continuing operations	$	0.01	$	(0.05	)
Discontinued operations	0.08		0.08
Net income	$	0.09	$	0.03
Weighted average shares outstanding:
Basic	62,891		62,891
Diluted	63,157		62,891

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Condensed Consolidating Financial Information (Text Block)

9 Months Ended

Sep. 29, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Financial Information [Text Block]

Condensed Consolidating Financial Information

Cenveo, Inc. is a holding company (the “Parent Company”), which is the ultimate parent of all Cenveo subsidiaries. The Parent Company’s wholly owned subsidiary, Cenveo Corporation (the “Subsidiary Issuer”), issued the 7.875% Notes and the 8.875% senior second lien notes due 2018 (the "8.875% Notes" and, collectively with the 7.875% Notes, the “Subsidiary Issuer Notes”), which are fully and unconditionally guaranteed, on a joint and several basis, by the Parent Company and substantially all of its wholly-owned subsidiaries (the “Guarantor Subsidiaries”).

Presented below is condensed consolidating financial information for the Parent Company, the Subsidiary Issuer, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries as of September 29, 2012 and December 31, 2011 and for the three and nine months ended September 29, 2012 and October 1, 2011.  The condensed consolidating financial information has been presented to show the financial position, results of operations and cash flows of the Parent Company, the Subsidiary Issuer, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries, assuming the guarantee structure of the Subsidiary Issuer Notes was in effect at the beginning of the periods presented.

The supplemental condensed consolidating financial information reflects the investments of the Parent Company in the Subsidiary Issuer, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries using the equity method of accounting. The Company’s primary transactions with its subsidiaries other than the investment account and related equity in net income (loss) of unconsolidated subsidiaries are the intercompany payables and receivables between its subsidiaries.

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET September 29, 2012 (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—		$	7,878		$	503		$	1,954	$	—		$	10,335
Accounts receivable, net	—			99,804			177,484			1,017		—			278,305
Inventories	—			57,839			73,836			94		—			131,769
Notes receivable from subsidiaries	—			36,938			—			—		(36,938		)	—
Prepaid and other current assets	—			54,738			11,765			3,375		—			69,878
Total current assets	—			257,197			263,588			6,440		(36,938		)	490,287
Investment in subsidiaries	(399,483		)	1,749,180			7,301			6,725		(1,363,723		)	—
Property, plant and equipment, net	—			90,860			198,505			1,429		—			290,794
Goodwill	—			29,540			155,932			6,243		—			191,715
Other intangible assets, net	—			6,724			206,777			1,995		—			215,496
Other assets, net	—			126,723			(36,581		)	1,132		—			91,274
Total assets	$	(399,483	)	$	2,260,224		$	795,522		$	23,964	$	(1,400,661	)	$	1,279,566
Liabilities and Shareholders’ (Deficit) Equity
Current liabilities:
Current maturities of long-term debt	$	—		$	6,359		$	4,792		$	—	$	—		$	11,151
Accounts payable	—			102,839			76,050			890		—			179,779
Accrued compensation and related liabilities	—			15,810			12,384			582		—			28,776
Other current liabilities	—			53,971			22,263			670		—			76,904
Intercompany payable (receivable)	—			1,120,031			(1,127,827		)	7,796		—			—
Notes payable to issuer	—			—			36,938			—		(36,938		)	—
Total current liabilities	—			1,299,010			(975,400		)	9,938		(36,938		)	296,610
Long-term debt	—			1,198,710			7,005			—		—			1,205,715
Other liabilities	—			161,987			14,737			—		—			176,724
Shareholders’ (deficit) equity	(399,483		)	(399,483		)	1,749,180			14,026		(1,363,723		)	(399,483		)
Total liabilities and shareholders’ (deficit) equity	$	(399,483	)	$	2,260,224		$	795,522		$	23,964	$	(1,400,661	)	$	1,279,566

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the three months ended September 29, 2012 (in thousands)
	Parent Company		Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—	$	172,051		$	275,071		$	4,152		$	—		$	451,274
Cost of sales	—		143,226			217,459			3,440			—			364,125
Selling, general and administrative expenses	—		24,370			20,864			190			—			45,424
Amortization of intangible assets	—		137			2,276			134			—			2,547
Restructuring, impairment and other charges	—		1,805			2,383			2			—			4,190
Operating income	—		2,513			32,089			386			—			34,988
Interest expense, net	—		28,784			148			(6		)	—			28,926
Intercompany interest expense (income)	—		(414		)	391			23			—			—
Loss on early extinguishment of debt, net	—		25			—			—			—			25
Other expense (income), net	—		375			(3		)	119			—			491
Income (loss) from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	—		(26,257		)	31,553			250			—			5,546
Income tax (benefit) expense	—		(1,777		)	1,898			767			—			888
Income (loss) from continuing operations before equity in income of unconsolidated subsidiaries	—		(24,480		)	29,655			(517		)	—			4,658
Equity in income of unconsolidated subsidiaries	4,475		28,990			(517		)	—			(32,948		)	—
Income (loss) from continuing operations	4,475		4,510			29,138			(517		)	(32,948		)	4,658
Loss from discontinued operations, net of taxes	—		(35		)	(148		)	—			—			(183		)
Net income (loss)	4,475		4,475			28,990			(517		)	(32,948		)	4,475
Other comprehensive income (loss):
Other comprehensive income (loss) of unconsolidated subsidiaries	2,412		2,412			1,244			—			(6,068		)	—
Currency translation adjustment	—		—			1,168			1,244			—			2,412
Comprehensive (loss) income	$	6,887	$	6,887		$	31,402		$	727		$	(39,016	)	$	6,887

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the nine months ended September 29, 2012 (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	528,102		$	805,787		$	11,875		$	—		$	1,345,764
Cost of sales	—			440,660			645,435			10,381			—			1,096,476
Selling, general and administrative expenses	—			77,096			63,079			591			—			140,766
Amortization of intangible assets	—			444			6,910			402			—			7,756
Restructuring, impairment and other charges	—			3,331			19,139			96			—			22,566
Operating income	—			6,571			71,224			405			—			78,200
Interest expense, net	—			85,118			469			(13		)	—			85,574
Intercompany interest expense (income)	—			(1,102		)	1,030			72			—			—
Loss on early extinguishment of debt, net	—			11,439			—			—			—			11,439
Other (income) expense, net	—			(245		)	23			(105		)	—			(327		)
Income (loss) from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	—			(88,639		)	69,702			451			—			(18,486		)
Income tax expense (benefit)	—			(4,922		)	3,596			728			—			(598		)
Income (loss) from continuing operations before equity in income of unconsolidated subsidiaries	—			(83,717		)	66,106			(277		)	—			(17,888		)
Equity in income of unconsolidated subsidiaries	(23,144		)	58,186			(277		)	—			(34,765		)	—
Income (loss) from continuing operations	(23,144		)	(25,531		)	65,829			(277		)	(34,765		)	(17,888		)
(Loss) income from discontinued operations, net of taxes	—			2,387			(7,643		)	—			—			(5,256		)
Net (loss) income	(23,144		)	(23,144		)	58,186			(277		)	(34,765		)	(23,144		)
Other comprehensive income (loss):
Other comprehensive income (loss) of unconsolidated subsidiaries	1,654			1,654			179			—			(3,487		)	—
Currency translation adjustment	—			—			1,475			179			—			1,654
Comprehensive (loss) income	$	(21,490	)	$	(21,490	)	$	59,840		$	(98	)	$	(38,252	)	$	(21,490	)

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the nine months ended September 29, 2012  (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities of continuing operations	$	4,446		$	(87,609	)	$	104,046		$	2,528		$	—		$	23,411
Net cash used in operating activities of discontinued operations	—			(1,799		)	(2,934		)	—			—			(4,733		)
Net cash provided by (used in)operating activities	4,446			(89,408		)	101,112			2,528			—			18,678
Cash flows from investing activities:
Cost of business acquisitions, net of cash acquired	—			(644		)	—			—			—			(644		)
Capital expenditures	—			(7,819		)	(7,701		)	(117		)	—			(15,637		)
Proceeds from sale of property, plant and equipment	—			32			2,301			—			—			2,333
Proceeds from sale of intangible assets	—			1,700			—			—			—			1,700
Intercompany note	—			3,900			—			—			(3,900		)	—
Net cash used in investing activities of continuing operations	—			(2,831		)	(5,400		)	(117		)	(3,900		)	(12,248		)
Net cash provided by investing activities of discontinued operations	—			16,414			23,507			—			—			39,921
Net cash provided by (used in) investing activities	—			13,583			18,107			(117		)	(3,900		)	27,673
Cash flows from financing activities:
Repayment of 10.5% senior notes	—			(169,875		)	—			—			—			(169,875		)
Repayment of 7.875% senior subordinated notes	—			(196,088		)	—			—			—			(196,088		)
Borrowings (Repayment) of Term Loan B due 2016	—			17,987			—			—			—			17,987
Repayment of 8.375% senior subordinated notes	—			(24,787		)	—			—			—			(24,787		)
Payment of financing related costs and expenses and debt issuance discounts	—			(32,335		)	—			—			—			(32,335		)
Repayments of other long-term debt	—			(300		)	(3,199		)	—			—			(3,499		)
Retirement of common stock upon vesting of RSUs	(734		)	—			—			—			—			(734		)
Proceeds from issuance of 11.5% senior notes	—			225,000			—			—			—			225,000
Proceeds from issuance of 7% senior exchangeable notes	—			86,250			—			—			—			86,250
Borrowings under revolving credit facility, net	—			45,550			—			—			—			45,550
Intercompany note	—			—			—			(3,900		)	3,900			—
Intercompany advances	(3,712		)	117,920			(116,198		)	1,990			—			—
Net cash (used in) provided by financing activities of continuing operations	(4,446		)	69,322			(119,397		)	(1,910		)	3,900			(52,531		)
Net cash used in financing activities of discontinued operations	—			(1,652		)	—			—			—			(1,652		)
Net cash (used in) provided by financing activities	(4,446		)	67,670			(119,397		)	(1,910		)	3,900			(54,183		)
Effect of exchange rate changes on cash and cash equivalents	—			—			401			13			—			414
Net increase (decrease) in cash and cash equivalents	—			(8,155		)	223			514			—			(7,418		)
Cash and cash equivalents at beginning of period	—			16,033			280			1,440			—			17,753
Cash and cash equivalents at end of period	$	—		$	7,878		$	503		$	1,954		$	—		$	10,335

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2011 (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—		$	16,033		$	280		$	1,440	$	—		$	17,753
Accounts receivable, net	—			113,368			174,003			1,112		—			288,483
Inventories	—			63,234			70,434			128		—			133,796
Notes receivable from subsidiaries	—			40,838			—			—		(40,838		)	—
Prepaid and other current assets	—			57,967			10,953			3,822		—			72,742
Assets of discontinued operations - current	—			9,455			13,501			—		—			22,956
Total current assets	—			300,895			269,171			6,502		(40,838		)	535,730
Investment in subsidiaries	(381,704		)	1,681,084			7,399			6,725		(1,313,504		)	—
Property, plant and equipment, net	—			96,680			229,932			1,955		—			328,567
Goodwill	—			29,244			155,361			6,217		—			190,822
Other intangible assets, net	—			6,785			214,435			2,343		—			223,563
Other assets, net	—			107,286			(29,400		)	1,604		—			79,490
Assets of discontinued operations - long-term	—			5,717			21,699			—		—			27,416
Total assets	$	(381,704	)	$	2,227,691		$	868,597		$	25,346	$	(1,354,342	)	$	1,385,588
Liabilities and Shareholders’ (Deficit) Equity
Current liabilities:
Current maturities of long-term debt	$	—		$	4,109		$	4,700		$	—	$	—		$	8,809
Accounts payable	—			94,503			91,311			834		—			186,648
Accrued compensation and related liabilities	—			26,173			12,760			222		—			39,155
Other current liabilities	—			72,813			22,634			460		—			95,907
Liabilities of discontinued operations - current	—			2,492			2,854			—		—			5,346
Intercompany payable (receivable)	—			1,005,396			(1,011,202		)	5,806		—			—
Notes payable to issuer	—			—			36,938			3,900		(40,838		)	—
Total current liabilities	—			1,205,486			(840,005		)	11,222		(40,838		)	335,865
Long-term debt	—			1,227,238			10,296			—		—			1,237,534
Other liabilities	—			175,088			10,331			—		—			185,419
Liabilities of discontinued operations - long-term	—			1,583			6,891			—		—			8,474
Shareholders’ (deficit) equity	(381,704		)	(381,704		)	1,681,084			14,124		(1,313,504		)	(381,704		)
Total liabilities and shareholders’ (deficit) equity	$	(381,704	)	$	2,227,691		$	868,597		$	25,346	$	(1,354,342	)	$	1,385,588

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the three months ended October 1, 2011 (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	186,436		$	285,733		$	3,666		$	—		$	475,835
Cost of sales	—			153,843			224,189			3,734			—			381,766
Selling, general and administrative expenses	—			28,830			24,492			251			—			53,573
Amortization of intangible assets	—			123			2,329			134			—			2,586
Restructuring, impairment and other charges	—			2,907			1,778			—			—			4,685
Operating income (loss)	—			733			32,945			(453		)	—			33,225
Gain on bargain purchase	—			(641		)	—			—			—			(641		)
Interest expense, net	—			28,257			187			(9		)	—			28,435
Intercompany interest expense (income)	—			(292		)	238			54			—			—
Other (income) expense, net	—			557			(758		)	(703		)	—			(904		)
Income (loss) from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	—			(27,148		)	33,278			205			—			6,335
Income tax expense (benefit)	—			2,714			2,450			(103		)	—			5,061
Income (loss) from continuing operations before equity in income of unconsolidated subsidiaries	—			(29,862		)	30,828			308			—			1,274
Equity in income of unconsolidated subsidiaries	2,805			32,271			308			—			(35,384		)	—
Income (loss) from continuing operations	2,805			2,409			31,136			308			(35,384		)	1,274
Income from discontinued operations, net of taxes	—			396			1,135			—			—			1,531
Net income (loss)	2,805			2,805			32,271			308			(35,384		)	2,805
Other comprehensive income (loss):
Other comprehensive income (loss) of unconsolidated subsidiaries	(5,146		)	(5,146		)	(2,220		)	—			12,512			—
Reclassifications of losses related to interest rate swaps into earnings, net of taxes	—			—			—			—			—			—
Currency translation adjustment	—			—			(2,926		)	(2,220		)	—			(5,146		)
Comprehensive income (loss)	$	(2,341	)	$	(2,341	)	$	27,125		$	(1,912	)	$	(22,872	)	$	(2,341	)

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the nine months ended October 1, 2011 (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	529,703		$	877,663		$	15,339		$	—		$	1,422,705
Cost of sales	—			439,826			704,670			12,659			—			1,157,155
Selling, general and administrative expenses	—			89,084			75,164			811			—			165,059
Amortization of intangible assets	—			324			7,026			402			—			7,752
Restructuring, impairment and other charges	—			7,783			6,190			4			—			13,977
Operating income (loss)	—			(7,314		)	84,613			1,463			—			78,762
Gain on bargain purchase	—			(11,720		)	—			—			—			(11,720		)
Interest expense, net	—			87,489			615			(40		)	—			88,064
Intercompany interest expense (income)	—			(919		)	736			183			—			—
Other (income) expense, net	—			134			(5		)	(696		)	—			(567		)
Income (loss) from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	—			(82,298		)	83,267			2,016			—			2,985
Income tax expense (benefit)	—			3,588			(1,549		)	211			—			2,250
Income (loss) from continuing operations before equity in income of unconsolidated subsidiaries	—			(85,886		)	84,816			1,805			—			735
Equity in income of unconsolidated subsidiaries	5,963			90,429			1,805			—			(98,197		)	—
Income (loss) from continuing operations	5,963			4,543			86,621			1,805			(98,197		)	735
Income (loss) from discontinued operations, net of taxes	—			1,420			3,808			—			—			5,228
Net income (loss)	5,963			5,963			90,429			1,805			(98,197		)	5,963
Other comprehensive income (loss):
Other comprehensive income (loss) of unconsolidated subsidiaries	(1,953		)	(3,745		)	(2,173		)	—			7,871			—
Reclassifications of losses related to interest rate swaps into earnings, net of taxes	—			1,792			—			—			—			1,792
Currency translation adjustment	—			—			(1,572		)	(2,173		)	—			(3,745		)
Comprehensive income (loss)	$	4,010		$	4,010		$	86,684		$	(368	)	$	(90,326	)	$	4,010

CENVEO, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the nine months ended October 1, 2011

 (in thousands)

	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities of continuing operations	$	7,129		$	(98,875	)	$	117,744		$	5,280		$	—		$	31,278
Net cash provided by operating activities of discontinued operations	—			2,884			4,719			—			—			7,603
Net cash provided by (used in) operating activities	7,129			(95,991		)	122,463			5,280			—			38,881
Cash flows from investing activities:
Cost of business acquisitions, net of cash acquired	—			(59,719		)	—			—			—			(59,719		)
Capital expenditures	—			(6,753		)	(3,507		)	(538		)	—			(10,798		)
Proceeds from sale of property, plant and equipment	—			1,288			9,701			—			—			10,989
Intercompany note	—			5,600			—			—			(5,600		)	—
Net cash (used in) provided by investing activities of continuing operations	—			(59,584		)	6,194			(538		)	(5,600		)	(59,528		)
Net cash used in investing activities of discontinued operations	—			(419		)	—			—			—			(419		)
Net cash (used in) provided by investing activities	—			(60,003		)	6,194			(538		)	(5,600		)	(59,947		)
Cash flows from financing activities:
Borrowings (Repayment) of Term Loan B due 2016	—			(2,850		)	—			—			—			(2,850		)
Repayments of other long-term debt	—			(14		)	(4,491		)	—			—			(4,505		)
Purchase and retirement of common stock upon vesting of RSUs	(1,283		)	—			—			—			—			(1,283		)
Borrowings under revolving credit facility, net	—			—			—			—			—			—
Proceeds from exercise of stock options	350			—			—			—			—			350
Intercompany note	—			—			—			(5,600		)	5,600			—
Intercompany advances	(6,196		)	131,219			(125,067		)	44			—			—
Net cash provided by (used in) financing activities	(7,129		)	128,355			(129,558		)	(5,556		)	5,600			(8,288		)
Effect of exchange rate changes on cash and cash equivalents	—			—			66			1,109			—			1,175
Net increase (decrease) in cash and cash equivalents	—			(27,639		)	(835		)	295			—			(28,179		)
Cash and cash equivalents at beginning of period	—			46,882			1,010			1,864			—			49,756
Cash and cash equivalents at end of period	$	—		$	19,243		$	175		$	2,159		$	—		$	21,577

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Stock-Based Compensation

9 Months Ended

Sep. 29, 2012

Share-based Compensation [Abstract]

Stock-Based Compensation [Text Block]

Stock-Based Compensation

The Company did not issue any form of stock-based compensation in the first nine months of 2012. The only changes to the Company’s stock-based compensation awards from the amounts presented as of December 31, 2011 were the vesting of 363,125 and 795,459 restricted stock units ("RSUs") of the Company’s common stock and the cancellation or forfeiture of 735,150 and 894,480 stock options and 1,875 and 21,875 RSUs for the three and nine months ended September 29, 2012, respectively.

Total stock-based compensation expense recognized in selling, general and administrative expenses in the Company’s condensed consolidated statements of operations was $1.5 million and $4.4 million for the three and nine months ended September 29, 2012, respectively, and $2.1 million and $7.1 million for the three and nine months ended October 1, 2011, respectively.

As of September 29, 2012, there was approximately $6.0 million of total unrecognized compensation cost related to unvested share-based compensation grants, which is expected to be amortized over a weighted-average period of 1.9 years.

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Condensed Consolidating Financial Information Condensed Consolidating Balance Sheet (Details) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2012	Dec. 31, 2011	Oct. 01, 2011	Jan. 01, 2011
Current assets: [Abstract]
Cash and cash equivalents	$ 10,335	$ 17,753	$ 21,577	$ 49,756
Accounts receivable, net	278,305	288,483
Inventories, net	131,769	133,796
Notes receivable from subsidiaries	0	0
Prepaid and other current assets	69,878	72,742
Assets of discontinued operation - current	0	22,956
Total current assets	490,287	535,730
Investment in subsidiaries	0	0
Property, plant and equipment, net	290,794	328,567
Goodwill	191,715	190,822
Other intangible assets, net	215,496	223,563
Other assets, net	91,274	79,490
Assets of discontinued operations - long-term	0	27,416
Total assets	1,279,566	1,385,588
Current liabilities: [Abstract]
Current maturities of long-term debt	11,151	8,809
Accounts payable	179,779	186,648
Accrued compensation and related liabilities	28,776	39,155
Other current liabilities	76,904	95,907
Liabilities of discontinued operations - current	0	5,346
Intercompany payable (receivable)	0	0
Notes payable (receivable) (intercompany)	0	0
Total current liabilities	296,610	335,865
Long-term debt	1,205,715	1,237,534
Other liabilities	176,724	185,419
Liabilities of discontinued operations - long-term	0	8,474
Statement of Stockholders' Equity (Deficit) [Abstract]
Total shareholders' equity (deficit)	(399,483)	(381,704)
Total liabilities and shareholders' equity (deficit)	1,279,566	1,385,588
Parent Company [Member]
Current assets: [Abstract]
Cash and cash equivalents	0	0	0	0
Accounts receivable, net	0	0
Inventories, net	0	0
Notes receivable from subsidiaries	0	0
Prepaid and other current assets	0	0
Assets of discontinued operation - current		0
Total current assets	0	0
Investment in subsidiaries	(399,483)	(381,704)
Property, plant and equipment, net	0	0
Goodwill	0	0
Other intangible assets, net	0	0
Other assets, net	0	0
Assets of discontinued operations - long-term		0
Total assets	(399,483)	(381,704)
Current liabilities: [Abstract]
Current maturities of long-term debt	0	0
Accounts payable	0	0
Accrued compensation and related liabilities	0	0
Other current liabilities	0	0
Liabilities of discontinued operations - current		0
Intercompany payable (receivable)	0	0
Notes payable (receivable) (intercompany)	0	0
Total current liabilities	0	0
Long-term debt	0	0
Other liabilities	0	0
Liabilities of discontinued operations - long-term		0
Statement of Stockholders' Equity (Deficit) [Abstract]
Total shareholders' equity (deficit)	(399,483)	(381,704)
Total liabilities and shareholders' equity (deficit)	(399,483)	(381,704)
Subsidiary Issuer [Member]
Current assets: [Abstract]
Cash and cash equivalents	7,878	16,033	19,243	46,882
Accounts receivable, net	99,804	113,368
Inventories, net	57,839	63,234
Notes receivable from subsidiaries	36,938	40,838
Prepaid and other current assets	54,738	57,967
Assets of discontinued operation - current		9,455
Total current assets	257,197	300,895
Investment in subsidiaries	1,749,180	1,681,084
Property, plant and equipment, net	90,860	96,680
Goodwill	29,540	29,244
Other intangible assets, net	6,724	6,785
Other assets, net	126,723	107,286
Assets of discontinued operations - long-term		5,717
Total assets	2,260,224	2,227,691
Current liabilities: [Abstract]
Current maturities of long-term debt	6,359	4,109
Accounts payable	102,839	94,503
Accrued compensation and related liabilities	15,810	26,173
Other current liabilities	53,971	72,813
Liabilities of discontinued operations - current		2,492
Intercompany payable (receivable)	1,120,031	1,005,396
Notes payable (receivable) (intercompany)	0	0
Total current liabilities	1,299,010	1,205,486
Long-term debt	1,198,710	1,227,238
Other liabilities	161,987	175,088
Liabilities of discontinued operations - long-term		1,583
Statement of Stockholders' Equity (Deficit) [Abstract]
Total shareholders' equity (deficit)	(399,483)	(381,704)
Total liabilities and shareholders' equity (deficit)	2,260,224	2,227,691
Guarantor Subsidiaries [Member]
Current assets: [Abstract]
Cash and cash equivalents	503	280	175	1,010
Accounts receivable, net	177,484	174,003
Inventories, net	73,836	70,434
Notes receivable from subsidiaries	0	0
Prepaid and other current assets	11,765	10,953
Assets of discontinued operation - current		13,501
Total current assets	263,588	269,171
Investment in subsidiaries	7,301	7,399
Property, plant and equipment, net	198,505	229,932
Goodwill	155,932	155,361
Other intangible assets, net	206,777	214,435
Other assets, net	(36,581)	(29,400)
Assets of discontinued operations - long-term		21,699
Total assets	795,522	868,597
Current liabilities: [Abstract]
Current maturities of long-term debt	4,792	4,700
Accounts payable	76,050	91,311
Accrued compensation and related liabilities	12,384	12,760
Other current liabilities	22,263	22,634
Liabilities of discontinued operations - current		2,854
Intercompany payable (receivable)	(1,127,827)	(1,011,202)
Notes payable (receivable) (intercompany)	36,938	36,938
Total current liabilities	(975,400)	(840,005)
Long-term debt	7,005	10,296
Other liabilities	14,737	10,331
Liabilities of discontinued operations - long-term		6,891
Statement of Stockholders' Equity (Deficit) [Abstract]
Total shareholders' equity (deficit)	1,749,180	1,681,084
Total liabilities and shareholders' equity (deficit)	795,522	868,597
Non-Guarantor Subsidiaries [Member]
Current assets: [Abstract]
Cash and cash equivalents	1,954	1,440	2,159	1,864
Accounts receivable, net	1,017	1,112
Inventories, net	94	128
Notes receivable from subsidiaries	0	0
Prepaid and other current assets	3,375	3,822
Assets of discontinued operation - current		0
Total current assets	6,440	6,502
Investment in subsidiaries	6,725	6,725
Property, plant and equipment, net	1,429	1,955
Goodwill	6,243	6,217
Other intangible assets, net	1,995	2,343
Other assets, net	1,132	1,604
Assets of discontinued operations - long-term		0
Total assets	23,964	25,346
Current liabilities: [Abstract]
Current maturities of long-term debt	0	0
Accounts payable	890	834
Accrued compensation and related liabilities	582	222
Other current liabilities	670	460
Liabilities of discontinued operations - current		0
Intercompany payable (receivable)	7,796	5,806
Notes payable (receivable) (intercompany)	0	3,900
Total current liabilities	9,938	11,222
Long-term debt	0	0
Other liabilities	0	0
Liabilities of discontinued operations - long-term		0
Statement of Stockholders' Equity (Deficit) [Abstract]
Total shareholders' equity (deficit)	14,026	14,124
Total liabilities and shareholders' equity (deficit)	23,964	25,346
Eliminations [Member]
Current assets: [Abstract]
Cash and cash equivalents	0	0	0	0
Accounts receivable, net	0	0
Inventories, net	0	0
Notes receivable from subsidiaries	(36,938)	(40,838)
Prepaid and other current assets	0	0
Assets of discontinued operation - current		0
Total current assets	(36,938)	(40,838)
Investment in subsidiaries	(1,363,723)	(1,313,504)
Property, plant and equipment, net	0	0
Goodwill	0	0
Other intangible assets, net	0	0
Other assets, net	0	0
Assets of discontinued operations - long-term		0
Total assets	(1,400,661)	(1,354,342)
Current liabilities: [Abstract]
Current maturities of long-term debt	0	0
Accounts payable	0	0
Accrued compensation and related liabilities	0	0
Other current liabilities	0	0
Liabilities of discontinued operations - current		0
Intercompany payable (receivable)	0	0
Notes payable (receivable) (intercompany)	(36,938)	(40,838)
Total current liabilities	(36,938)	(40,838)
Long-term debt	0	0
Other liabilities	0	0
Liabilities of discontinued operations - long-term		0
Statement of Stockholders' Equity (Deficit) [Abstract]
Total shareholders' equity (deficit)	(1,363,723)	(1,313,504)
Total liabilities and shareholders' equity (deficit)	$ (1,400,661)	$ (1,354,342)

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Fair Value Measurements

9 Months Ended

Sep. 29, 2012

Fair Value Disclosures [Abstract]

Fair Value Measurements [Text Block]

Fair Value Measurements

Certain assets and liabilities of the Company are required to be recorded at fair value on either a recurring or non-recurring basis. Fair value is determined based on the exchange price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants.

The fair value of the Company’s cash and cash equivalents, accounts receivable, net, current maturities of long-term debt and accounts payable approximate their carrying value due to their short term nature. On a recurring basis, the Company records its pension plan assets at fair value.

The table below presents the carrying value and fair value of these assets and liabilities of the Company as of September 29, 2012 and December 31, 2011, respectively (in thousands): 

	September 29, 2012				December 31, 2011
	Carrying Value		Fair Value		Carrying Value		Fair Value
Cash and cash equivalents	$	10,335	$	10,335	$	17,753	$	17,753
Accounts receivable, net	278,305		278,305		288,483		288,483
Current maturities of long-term debt	11,151		11,151		8,809		8,809
Accounts payable	179,779		179,779		186,648		186,648

The Company is required, on a non-recurring basis, to adjust the carrying value of its long-lived assets held (Note 5) and goodwill and other intangible assets (Note 6). These assets were determined by the Company to be Level 2 and Level 3 under the fair value hierarchy and are not measured at fair value on an ongoing basis; however, they are subject to fair value adjustments in certain circumstances, such as when there is evidence that impairment may exist. The Company also records the assets and liabilities assumed in its acquisitions (Note 2) at fair value.

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Retirement Plans

9 Months Ended

Sep. 29, 2012

Defined Contribution Pension and Other Postretirement Plans Disclosure [Abstract]

Retirement Plans [Text Block]

Retirement Plans

The components of the net periodic expense for the Company’s pension plans and other postretirement benefit plans are as follows (in thousands):

	Three Months Ended						Nine Months Ended
	September 29, 2012			October 1, 2011			September 29, 2012			October 1, 2011
Service cost	$	415		$	440		$	1,449		$	1,097
Interest cost	3,642			3,722			10,908			11,265
Expected return on plan assets	(4,141		)	(4,094		)	(12,657		)	(12,275		)
Net amortization and deferral	(1		)	(2		)	(3		)	(4		)
Recognized net actuarial loss	1,562			190			4,818			822
Net periodic expense	$	1,477		$	256		$	4,515		$	905

Interest cost on projected benefit obligation includes $0.2 million related to the Company’s other postretirement plans in each of the three months ended September 29, 2012 and October 1, 2011, and $0.7 million and $0.6 million in the nine months ended September 29, 2012 and October 1, 2011, respectively.

For the nine months ended September 29, 2012, the Company made contributions of $15.7 million to its pension plans and other postretirement plans. The Company expects to contribute approximately $2.7 million to its pension plans and other postretirement plans for the remainder of 2012.

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Restructuring, Impairment and Other Charges

9 Months Ended

Sep. 29, 2012

Restructuring Costs and Asset Impairment Charges [Abstract]

Restructuring, Impairment and Other Charges [Text Block]

Restructuring, Impairment and Other Charges

2012 Plan

In the first nine months of 2012, the Company announced the closure and consolidation of a print plant into its existing print operations. Additionally, the Company began implementing a cost savings initiative (collectively with the print plant closure and consolidation, the “2012 Plan”). The cost saving initiative is primarily focused on the Company's print and envelope segment and corporate expenses. This initiative will focus on the consolidation of office and warehouse space and other overhead cost elimination plans, including headcount reductions of approximately 700 employees. The Company expects to be substantially complete with the 2012 Plan by the end of 2012.

EPG Integration Plan

Upon the completion of the EPG acquisition, the Company developed and implemented its plan to integrate EPG into its existing envelope operations (the “EPG Plan”). Since the date of acquisition, activities related to the EPG Plan have included the closure and consolidation of five manufacturing facilities into the Company's existing operations and the elimination of duplicative headcount. The Company anticipates that the integration of EPG will be completed in 2012 and may include additional closure or consolidation of manufacturing facilities and further headcount reductions.

Residual Plans

In addition to the plans described above, the Company currently has five residual cost savings, restructuring and integration plans: (i) the 2011 other restructuring plans from our print and envelope and label and packaging segments (the "Other Restructuring Plans") (ii) the Nashua Corporation acquisition integration plan (the “Nashua Plan”), (iii) the Glyph acquisition plan (collectively with the EPG Plan and Nashua Plan, the “Acquisition Integration Plans”), (iv) the 2009 Cost Savings and Restructuring Plan, and(v) the 2007 Cost Savings and Integration Plan. The Company refers to these plans, collectively with the Other Restructuring Plans, as the “Residual Plans”. The Company does not anticipate any significant future expenses related to the Residual Plans, other than modifications to its current assumptions for lease terminations, multi-employer pension withdrawal liabilities and ongoing expenses related to maintaining restructured assets.

The following tables present the details of the expenses recognized as a result of these plans.

2012 Activity

Restructuring, impairment and other charges for the three months ended September 29, 2012 were as follows (in thousands):

		Employee Separation Costs		Asset Impairments net of gain on sale			Equipment Moving Expenses		Lease Termination Expenses			Multi-employer Pension Withdrawal Expenses		Building Clean-up & Other Expenses		Total
Print and Envelope
	2012 Plan	$	1,200	$	(3	)	$	20	$	6		$	—	$	180	$	1,403
	Residual Plans	112		—			8		5			169		107		401
	Acquisition Integration Plans	657		792			43		125			—		69		1,686
Total Print and Envelope		1,969		789			71		136			169		356		3,490
Label and Packaging
	2012 Plan	632		—			—		—			—		2		634
	Residual Plans	26		—			—		(9		)	—		—		17
Total Label and Packaging		658		—			—		(9		)	—		2		651
Corporate
	Residual Plans	—		—			—		—			—		49		49
Total Corporate		—		—			—		—			—		49		49
Total Restructuring, Impairment and Other Charges		$	2,627	$	789		$	71	$	127		$	169	$	407	$	4,190

Restructuring, impairment and other charges for the nine months ended September 29, 2012 were as follows (in thousands):

		Employee Separation Costs		Asset Impairments net of gain on sale		Equipment Moving Expenses			Lease Termination Expenses		Multi-employer Pension Withdrawal Expenses			Building Clean-up & Other Expenses		Total
Print and Envelope
	2012 Plan	$	3,444	$	6,631	$	532		$	342	$	5,400		$	1,251	$	17,600
	Residual Plans	451		—		47			219		(313		)	964		1,368
	Acquisition Integration Plans	953		824		88			176		—			238		2,279
Total Print and Envelope		4,848		7,455		667			737		5,087			2,453		21,247
Label and Packaging
	2012 Plan	709		—		6			—		—			13		728
	Residual Plans	382		—		—			43		—			4		429
	Acquisition Integration Plans	—		—		(4		)	—		—			—		(4		)
Total Label and Packaging		1,091		—		2			43		—			17		1,153
Corporate
	Residual Plans	—		—		—			—		—			166		166
Total Corporate		—		—		—			—		—			166		166
Total Restructuring, Impairment and Other Charges		$	5,939	$	7,455	$	669		$	780	$	5,087		$	2,636	$	22,566

2011 Activity

Restructuring, impairment and other charges for the three months ended October 1, 2011 were as follows (in thousands):

		Employee Separation Costs			Asset Impairments net of gain on sale		Equipment Moving Expenses		Lease Termination Expenses		Multi-employer Pension Withdrawal Expenses		Building Clean-up & Other Expenses		Total
Print and Envelope
	Residual Plans	$	216		$	42	$	53	$	508	$	1,352	$	561	$	2,732
	Acquisition Integration Plans	710			131		543		17		—		90		1,491
Total Print and Envelope		926			173		596		525		1,352		651		4,223
Label and Packaging
	Residual Plans	346			—		—		23		—		—		369
	Acquisition Integration Plans	(14		)	—		—		—		—		—		(14		)
Total Label and Packaging		332			—		—		23		—		—		355
Corporate
	Residual Plans	—			—		—		8		—		99		107
Total Corporate		—			—		—		8		—		99		107
Total Restructuring, Impairment and Other Charges		$	1,258		$	173	$	596	$	556	$	1,352	$	750	$	4,685

Restructuring, impairment and other charges for the nine months ended October 1, 2011 were as follows (in thousands):

		Employee Separation Costs		Asset Impairments net of gain on sale		Equipment Moving Expenses		Lease Termination Expenses			Multi-employer Pension Withdrawal Expenses		Building Clean-up & Other Expenses			Total
Print and Envelope
	Residual Plans	$	607	$	1,943	$	606	$	1,572		$	1,352	$	2,225		$	8,305
	Acquisition Integration Plans	1,766		638		1,560		25			—		260			4,249
Total Print and Envelope		2,373		2,581		2,166		1,597			1,352		2,485			12,554
Label and Packaging
	Residual Plans	937		—		—		(158		)	—		(28		)	751
	Acquisition Integration Plans	39		130		76		6			—		175			426
Total Label and Packaging		976		130		76		(152		)	—		147			1,177
Corporate
	Residual Plans	—		—		—		82			—		164			246
Total Corporate		—		—		—		82			—		164			246
Total Restructuring, Impairment and Other Charges		$	3,349	$	2,711	$	2,242	$	1,527		$	1,352	$	2,796		$	13,977

A summary of the activity related to the restructuring liabilities for all the cost savings, restructuring and integration initiatives were as follows (in thousands):

	Employee Separation Cost			Lease Termination			Pension Withdrawal Liabilities			Building Clean-up, Equipment Moving and Other Expenses			Total
2012 Plan
Balance as of December 31, 2011	$	—		$	—		$	—		$	—		$	—
Accruals, net	4,153			342			5,400			1,802			11,697
Payments	(3,124		)	(72		)	—			(1,802		)	(4,998		)
Balance as of September 29, 2012	$	1,029		$	270		$	5,400		$	—		$	6,699
Residual Plans
Balance as of December 31, 2011	$	1,071		$	3,804		$	22,538		$	—		$	27,413
Accruals, net	833			262			(313		)	1,181			1,963
Payments	(1,604		)	(1,702		)	(2,001		)	(1,181		)	(6,488		)
Balance as of September 29, 2012	$	300		$	2,364		$	20,224		$	—		$	22,888
Acquisition Integration Plans
Balance as of December 31, 2011	$	492		$	1,346		$	—		$	—		$	1,838
Accruals, net	953			176			—			322			1,451
Payments	(773		)	(331		)	—			(322		)	(1,426		)
Balance as of September 29, 2012	$	672		$	1,191		$	—		$	—		$	1,863

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Income (Loss) Per Share (Tables)

9 Months Ended

Sep. 29, 2012

Income (Loss) per Share [Abstract]

Income (loss) per share - basic and diluted [Table Text Block]

The following table sets forth the computation of basic and diluted income (loss) per share for the periods ended (in thousands, except per share data):

	Three Months Ended					Nine Months Ended
	September 29, 2012			October 1, 2011		September 29, 2012			October 1, 2011
Numerator for basic income (loss) per share:
Income (loss) from continuing operations	$	4,658		$	1,274	$	(17,888	)	$	735
(Loss) income from discontinued operations, net of taxes	(183		)	1,531		(5,256		)	5,228
Net income (loss)	$	4,475		$	2,805	$	(23,144	)	$	5,963
Numerator for diluted income (loss) per share:
Income (loss) from continuing operations - as reported	$	4,658		$	1,274	$	(17,888	)	$	735
Interest expense on 7% Notes, net of taxes	1,020			—		—			—
Income (loss) from continuing operations - after assumed conversions of dilutive shares	5,678			1,274		(17,888		)	735
(Loss) income from discontinued operations, net of taxes	(183		)	1,531		(5,256		)	5,228
Net income for diluted income (loss) per share after assumed conversions of dilutive shares	$	5,495		$	2,805	$	(23,144	)	$	5,963
Denominator for weighted average common shares outstanding:
Basic shares	63,624			63,068		63,502			62,891
Dilutive effect of convertible notes	20,831			—		—			—
Dilutive effect of equity awards	89			129		—			266
Diluted shares	84,544			63,197		63,502			63,157
Income (loss) per share – basic:
Continuing operations	$	0.07		$	0.02	$	(0.28	)	$	0.01
Discontinued operations	—			0.02		(0.08		)	0.08
Net income (loss)	$	0.07		$	0.04	$	(0.36	)	$	0.09
Income (loss) per share – diluted:
Continuing operations	$	0.06		$	0.02	$	(0.28	)	$	0.01
Discontinued operations	—			0.02		(0.08		)	0.08
Net income (loss)	$	0.06		$	0.04	$	(0.36	)	$	0.09

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Long-Term Debt Table (Details) (USD $)	9 Months Ended			0 Months Ended					3 Months Ended	0 Months Ended			3 Months Ended			3 Months Ended		0 Months Ended	3 Months Ended				3 Months Ended						3 Months Ended			0 Months Ended	3 Months Ended			3 Months Ended						3 Months Ended	0 Months Ended	3 Months Ended							1 Months Ended		0 Months Ended
	Sep. 29, 2012	Oct. 01, 2011	Dec. 31, 2011	Jun. 08, 2012 Line of Credit and Loan Payable [Member] Term Loan B and Revolving Credit Facility [Member]	Sep. 29, 2012 Line of Credit [Member] Revolving credit facility, due 2014 [Member]	Jun. 08, 2012 Line of Credit [Member] Revolving credit facility, due 2014 [Member]	Mar. 05, 2012 Line of Credit [Member] Revolving credit facility, due 2014 [Member]	Dec. 31, 2011 Line of Credit [Member] Revolving credit facility, due 2014 [Member]	Mar. 31, 2012 Line of Credit [Member] 2012 Refinancing (Revolving Credit Facility, 11.5% Senior Notes and 7% Senior Exchangeable Notes) [Member]	Jun. 08, 2012 Loans Payable [Member] Term Loan B, due 2016 [Member]	Mar. 09, 2012 Loans Payable [Member] Term Loan B, due 2016 [Member]	Feb. 14, 2012 Loans Payable [Member] Term Loan B, due 2016 [Member]	Mar. 31, 2012 Loans Payable [Member] Term Loan B, due 2016 [Member]	Sep. 29, 2012 Loans Payable [Member] Term Loan B, due 2016 [Member]	Dec. 31, 2011 Loans Payable [Member] Term Loan B, due 2016 [Member]	Mar. 26, 2012 Senior and Senior Subordinated Notes [Member] 7.875% and 8.375% senior subordinated notes and 10.5% senior notes [Member]	Mar. 31, 2012 Senior and Senior Subordinated Notes [Member] 7.875% and 8.375% senior subordinated notes and 10.5% senior notes [Member]	Jun. 08, 2012 Senior Subordinated Notes [Member] 7.875% senior subordinated notes, due 2013 [Member]	Sep. 29, 2012 Senior Subordinated Notes [Member] 7.875% senior subordinated notes, due 2013 [Member]	Jun. 30, 2012 Senior Subordinated Notes [Member] 7.875% senior subordinated notes, due 2013 [Member]	Mar. 26, 2012 Senior Subordinated Notes [Member] 7.875% senior subordinated notes, due 2013 [Member]	Dec. 31, 2011 Senior Subordinated Notes [Member] 7.875% senior subordinated notes, due 2013 [Member]	Mar. 26, 2012 Senior Subordinated Notes [Member] 8.375% senior subordinated notes, due 2014 [Member]	Sep. 29, 2012 Senior Subordinated Notes [Member] 8.375% senior subordinated notes, due 2014 [Member]	Dec. 31, 2011 Senior Subordinated Notes [Member] 8.375% senior subordinated notes, due 2014 [Member]	Sep. 29, 2012 Senior Subordinated Notes [Member] 8.875% senior second lien notes, due 2018 [Member]	Mar. 31, 2012 Senior Subordinated Notes [Member] 8.875% senior second lien notes, due 2018 [Member]	Dec. 31, 2011 Senior Subordinated Notes [Member] 8.875% senior second lien notes, due 2018 [Member]	Mar. 26, 2012 Senior Notes [Member] 10.5% senior notes, due 2016 [Member]	Sep. 29, 2012 Senior Notes [Member] 10.5% senior notes, due 2016 [Member]	Dec. 31, 2011 Senior Notes [Member] 10.5% senior notes, due 2016 [Member]	Mar. 28, 2012 Senior Notes [Member] 11.5% senior notes, due 2017 [Member]	Mar. 31, 2012 Senior Notes [Member] 11.5% senior notes, due 2017 [Member]	Sep. 29, 2012 Senior Notes [Member] 11.5% senior notes, due 2017 [Member]	Dec. 31, 2011 Senior Notes [Member] 11.5% senior notes, due 2017 [Member]	Mar. 31, 2012 Convertible Debt [Member] 7% senior exchangeable notes, due 2017 [Member]	Sep. 29, 2012 Convertible Debt [Member] 7% senior exchangeable notes, due 2017 [Member]	Mar. 28, 2012 Convertible Debt [Member] 7% senior exchangeable notes, due 2017 [Member]	Dec. 31, 2011 Convertible Debt [Member] 7% senior exchangeable notes, due 2017 [Member]	Sep. 29, 2012 Other debt including capital leases [Member]	Dec. 31, 2011 Other debt including capital leases [Member]	Mar. 31, 2012 Tender Offer [Member] Senior Subordinated Notes [Member] 7.875% senior subordinated notes, due 2013 [Member]	Mar. 31, 2012 Open Market Negociated Purchase [Member] Senior Subordinated Notes [Member] 7.875% senior subordinated notes, due 2013 [Member]	Sep. 29, 2012 Open Market Negociated Purchase [Member] Senior Subordinated Notes [Member] 7.875% senior subordinated notes, due 2013 [Member]	Jun. 30, 2012 Open Market Negociated Purchase [Member] Senior Subordinated Notes [Member] 7.875% senior subordinated notes, due 2013 [Member]	Mar. 26, 2012 Open Market Negociated Purchase [Member] Senior Subordinated Notes [Member] 7.875% senior subordinated notes, due 2013 [Member]	Mar. 26, 2012 Open Market Negociated Purchase [Member] Senior Subordinated Notes [Member] 8.375% senior subordinated notes, due 2014 [Member]	Mar. 26, 2012 Open Market Negociated Purchase [Member] Senior Notes [Member] 10.5% senior notes, due 2016 [Member]	Mar. 28, 2012 Maximum [Member] Senior Notes [Member] 11.5% senior notes, due 2017 [Member]	Mar. 28, 2012 Minimum [Member] Senior Notes [Member] 11.5% senior notes, due 2017 [Member]	Nov. 07, 2012 Repayment of Debt [Member] Senior Subordinated Notes [Member] 7.875% senior subordinated notes, due 2013 [Member]	Nov. 07, 2012 Repayment of Debt [Member] Open Market Negociated Purchase [Member] Senior Subordinated Notes [Member] 7.875% senior subordinated notes, due 2013 [Member]	Jun. 08, 2012 Fees Paid to Third Parties [Member] Line of Credit and Loan Payable [Member] Term Loan B and Revolving Credit Facility [Member]	Jun. 08, 2012 Fees Paid to Consenting Lenders [Member] Line of Credit and Loan Payable [Member] Term Loan B and Revolving Credit Facility [Member]	Jun. 08, 2012 LIBOR Interest Rate [Member] Line of Credit and Loan Payable [Member] Term Loan B and Revolving Credit Facility [Member]	Jun. 06, 2012 LIBOR Interest Rate [Member] Line of Credit and Loan Payable [Member] Term Loan B and Revolving Credit Facility [Member]	Jun. 08, 2012 PRIME Interest Rate [Member] Line of Credit and Loan Payable [Member] Term Loan B and Revolving Credit Facility [Member]	Jun. 06, 2012 PRIME Interest Rate [Member] Line of Credit and Loan Payable [Member] Term Loan B and Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Debt	$ 1,216,866,000		$ 1,246,343,000		$ 45,550,000			$ 0						$ 371,371,000	$ 353,033,000				$ 86,621,000			$ 284,878,000		$ 0	$ 25,424,000	$ 397,924,000		$ 397,704,000		$ 0	$ 170,000,000			$ 217,353,000	$ 0		$ 86,250,000		$ 0	$ 11,797,000	$ 15,304,000
Less current maturities	(11,151,000)		(8,809,000)
Long-term debt	1,205,715,000		1,237,534,000
Long-term Debt, Other Disclosures [Abstract]
Long-term Debt, Fair Value	1,200,000,000		1,100,000,000
Term Loan Add-On and Add-On Amendment [Abstract]
Proceeds from Issuance of Secured Debt										65,000,000
Line of Credit Facility, Maximum Borrowing Capacity						170,000,000	150,000,000
Debt Instrument, Original Borrowing Capacity Amount On Debt Transaction Date										380,000,000
Debt Instrument, Unamortized Discount										700,000																						8,300,000		7,600,000
Debt Instrument, Description																		Concurrently with the Term Loan Add-On, the Company amended the 2010 Credit Facilities (the “Add-On Amendment”) to allow for the repurchase of up to $135 million of its 7.875% senior subordinated notes due 2013 (the “7.875% Notes”), subject to maintaining certain liquidity thresholds and other customary conditions.
Payments of Debt Issuance Costs	32,335,000	0																															6,000,000			3,000,000																	1,800,000	1,100,000
Payments of Debt Extinguishment Costs				2,000,000									1,700,000				9,600,000
Debt Instrument, Interest Rate, Stated Percentage																			7.875%					8.375%		8.875%				10.50%				11.50%			7.00%																		5.125%	4.75%	4.125%	3.75%
Debt Instrument, Covenant Description				The Add-On Amendment also delayed a step down in the maximum first lien leverage ratio covenant to 2.25x from 2.50x until the first quarter of 2013.
11.5% Senior Notes Issuance [Abstract]
Proceeds from issuance of 11.5% senior notes	225,000,000	0																														225,000,000
Redemption Price As Percentage Of Principal Amount																																																	105.75%	100.00%
Redemption Percentage Permitted With Proceeds From Public Equity offering																																0.00%
Redemption Price Percentage If Proceeds From Public Equity Offering Are Used																																111.50%
Redemption Price Percentage If Make Whole Premium Is Paid																																100.00%
Redemption Price Percentage If There Was A Change Of Control																																101.00%
7% Senior Exchangeable Notes [Abstract]
Proceeds from issuance of 7% senior exchangeable notes	86,250,000	0																																		86,300,000
Redemption Price Percentage If A Fundamental Change Occurs																																						100.00%
Debt Instrument, Convertible, Conversion Ratio																																				241.5167
Debt Instrument, Face Amount																																						1,000
Debt Instrument, Convertible, Conversion Price																																						$ 4.14
Premium Debt Converted Into Shares of Company's Common Stock																																						22.50%
Common Stock Price Per Share																																				$ 3.38
2012 Refinancing [Abstract]
Debt extinguishment amount																																										45,000,000	73,400,000	16,000,000	50,000,000	13,800,000	2,000,000	5,000,000				1,000,000
Percentage Of Net Proceeds Used To Pay Down Debt													25.00%														75.00%
(Repayment) of Term Loan B due 2016		(2,850,000)									(34,700,000)	(9,500,000)
Extinguishment of Debt [Abstract]
Debt extinguishment, cost to retire																			16,200,000	49,500,000	12,200,000		1,600,000						4,900,000																						1,000,000
Gain on early extinguishment of debt																(2,100,000)				300,000
Write Off of Deferred Debt Issuance Costs, Related to Gain on Early Extinguishment of Debt																100,000			100,000	100,000
Loss On Early Extinguishment Of Debt									12,700,000
Write Off of Deferred Debt Issuance Costs, Related to Loss on Early Extinguishment of Debt																	$ 3,100,000

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Acquisitions (Policies)

9 Months Ended

Sep. 29, 2012

Acquisitions [Abstract]

Business Combinations Policy [Policy Text Block]

The Company accounts for business combinations under the provisions of the Business Combination Topic of the Financial Accounting Standards Board’s Accounting Standards Codification (“ASC”) 805.  Acquisitions are accounted for by the purchase method, and accordingly, the assets and liabilities of the acquired businesses have been recorded at their estimated fair value on the acquisition date with the excess of the purchase price over their estimated fair value recorded as goodwill. In the event the estimated fair value of the assets and liabilities acquired exceeds the purchase price paid, a bargain purchase gain is recorded in the condensed consolidated statement of operations.

Acquisition-related costs are expensed as incurred.

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Property, Plant and Equipment (Tables)

9 Months Ended

Sep. 29, 2012

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

Property, plant and equipment are as follows (in thousands):

	September 29, 2012			December 31, 2011
Land and land improvements	$	17,538		$	20,276
Buildings and building improvements	105,542			111,498
Machinery and equipment	593,534			600,066
Furniture and fixtures	11,232			10,453
Construction in progress	7,093			4,840
	734,939			747,133
Accumulated depreciation	(444,145		)	(418,566		)
	$	290,794		$	328,567

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Goodwill and Other Intangible Assets Annual amortization expense (Details) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2012
6. Goodwill and Other Intangible Assets [Abstract]
2012	$ 10,043
2013	9,760
2014	9,631
2015	8,464
2016	$ 7,243

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Discontinued Operations Assets and Liabilities (Details) (USD $)	Sep. 29, 2012	Dec. 31, 2011
Discontinued Operations [Line Items]
Accounts receivable, net		$ 7,647,000
Inventories		14,356,000
Prepaid and other current assets		953,000
Assets of discontinued operation - current	0	22,956,000
Property, plant and equipment, net		10,273,000
Other assets, net		17,143,000
Assets of discontinued operations - long-term	0	27,416,000
Accounts payable		4,352,000
Accrued compensation and related liabilities		548,000
Other current liabilities		446,000
Liabilities of discontinued operations - current	0	5,346,000
Liabilities of discontinued operations - long-term	0	8,474,000
Net assets of discontinued operations		36,552,000
Discontinued Operations [Abstract]
Goodwill of discontinued operations		2,800,000
Intangible assets of discontinued operations		$ 14,300,000

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Basis Of Presentation

9 Months Ended

Sep. 29, 2012

Accounting Policies [Abstract]

Basis of Presentation [Text Block]

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements (“financial statements”) of Cenveo, Inc. and its subsidiaries (collectively, “Cenveo” or the “Company”) have been prepared in accordance with Rule 10-01 of Regulation S-X promulgated by the Securities and Exchange Commission (“SEC”) and, in the Company’s opinion, include all adjustments, consisting of normal recurring accruals, necessary for a fair presentation of financial position as of September 29, 2012, and the results of operations and cash flows as of and for the three and nine months ended September 29, 2012 and October 1, 2011. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to SEC rules. The results of operations for the three and nine months ended September 29, 2012 are generally not indicative of the results to be expected for any interim period or for the full year, primarily due to seasonality and restructuring, acquisition and debt related activities or transactions. The December 31, 2011 consolidated balance sheet has been derived from the audited consolidated financial statements at that date. These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2011 filed with the SEC.

It is the Company’s practice to close its fiscal quarters on the Saturday closest to the last day of the calendar quarter. The reporting periods for the three and nine months ended September 29, 2012 and October 1, 2011, each consisted of 13 weeks and 39 weeks, respectively.

In 2011, the Company began exploring opportunities to divest certain non-strategic or underperforming businesses within its manufacturing platform. As a result, beginning in the fourth quarter of 2011, the financial results of the Company's documents and forms business as well as the Company's wide-format papers business have been accounted for as discontinued operations (collectively the “Discontinued Operations”) resulting in the Company's historical consolidated balance sheets, statements of operations and comprehensive income (loss) ("statement of operations") and statements of cash flows being reclassified to reflect these discontinued operations separately from the Company's continuing operations for all periods presented. Effective January 1, 2012, the Company realigned operating responsibilities. In connection with this change in management reporting and strategy, the Company realigned its reportable segments, resulting in the prior year disclosure being updated to reflect current year presentation.

New Accounting Pronouncements

Effective January 1, 2012, the Company adopted an accounting pronouncement relating to the presentation of comprehensive income. This pronouncement requires the presentation of comprehensive income in either: (i) a continuous statement of comprehensive income or (ii) two separate, but consecutive statements. The adoption of this pronouncement does impact the Company's financial statement presentation, is applied retrospectively, and did not have a material impact on the Company's condensed consolidated financial statements.

Effective January 1, 2012, the Company adopted an accounting pronouncement to update the testing of goodwill for impairment.  This pronouncement provides companies with the option of performing a qualitative assessment before calculating the fair value of a reporting unit in step one of its goodwill impairment test. If a company determines, on the basis of qualitative factors, the fair value of a reporting unit is more likely than not to be less than the carrying amount, the two-step impairment test would be required to be performed. Otherwise, further impairment testing would not be needed. The Company performs its goodwill impairment testing in the fourth quarter of each fiscal year. The adoption of this pronouncement is not expected to have a material impact on the Company's condensed consolidated financial statements.

Effective July 27, 2012, the Company adopted an accounting pronouncement to update the testing of indefinite-lived intangible assets, other than goodwill, for impairment. This pronouncement provides companies with the option of performing a qualitative assessment before calculating the fair value of the asset in step one of its impairment test. Although this accounting pronouncement revises the examples of events and circumstances that an entity should consider in interim periods, it does not revise the requirements to test: (i) indefinite-lived intangible assets annually for impairment, and (ii) between annual tests if there are changes in events or circumstances. The Company performs its indefinite-lived intangible assets testing in the fourth quarter of each fiscal year. The adoption of this pronouncement is not expected to have a material impact on the Company's condensed consolidated financial statements.

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Goodwill and Other Intangible Assets

9 Months Ended

Sep. 29, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets [Text Block]

Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill as of September 29, 2012 and December 31, 2011 by reportable segment are as follows (in thousands):

	Print and Envelope		Label and Packaging		Total
Balance as of December 31, 2011	$	78,857	$	111,965	$	190,822
Acquisitions, net	644		—		644
Foreign currency translation	249		—		249
Balance as of September 29, 2012	$	79,750	$	111,965	$	191,715

Other intangible assets are as follows (in thousands):

		September 29, 2012										December 31, 2011
	Weighted Average Remaining Amortization Period (Years)	Gross Carrying Amount		Accumulated Impairment Charges			Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Impairment Charges			Accumulated Amortization			Net Carrying Amount
Intangible assets with determinable lives:
Customer relationships	11	$	166,715	$	(27,234	)	$	(61,600	)	$	77,881	$	166,652	$	(27,234	)	$	(54,911	)	$	84,507
Trademarks and trade names	23	23,482		—			(6,361		)	17,121		23,481		—			(5,620		)	17,861
Patents	9	3,528		—			(2,789		)	739		3,528		—			(2,583		)	945
Non-compete agreements		510		—			(495		)	15		510		—			(439		)	71
Other		—		—			—			—		600		—			(161		)	439
Subtotal	13	194,235		(27,234		)	(71,245		)	95,756		194,771		(27,234		)	(63,714		)	103,823
Intangible assets with indefinite lives:
Trademarks		141,740		(22,000		)	—			119,740		141,740		(22,000		)	—			119,740
Total		$	335,975	$	(49,234	)	$	(71,245	)	$	215,496	$	336,511	$	(49,234	)	$	(63,714	)	$	223,563

Annual amortization expense of intangible assets for the next five years is estimated to be as follows (in thousands):

	Annual Estimated  Expense
2012	$	10,043
2013	9,760
2014	9,631
2015	8,464
2016	7,243

Sale of Intangible Asset

In the first nine months of 2012, the Company received proceeds of $1.7 million related to the buyout of a royalty agreement by a third party. Prior to its sale, the royalty agreement was accounted for as an intangible asset in the Company's condensed consolidated balance sheet. As a result of this transaction, the Company recorded a gain of $1.3 million in other (income) expense, net in its condensed consolidated statement of operations.

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Segment Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 29, 2012	Oct. 01, 2011	Sep. 29, 2012	Oct. 01, 2011	Dec. 31, 2011
Segment Information [Line Items]
Net sales	$ 451,274	$ 475,835	$ 1,345,764	$ 1,422,705
Operating income (loss)	34,988	33,225	78,200	78,762
Restructuring, impairment and other charges	4,190	4,685	22,566	13,977
Intercompany sales	3,641	3,336	10,277	8,080
Total assets	1,279,566		1,279,566		1,385,588
Print and envelope [Member]
Segment Information [Line Items]
Net sales	343,012	367,454	1,016,332	1,090,999
Operating income (loss)	29,876	29,888	63,951	75,262
Restructuring, impairment and other charges	3,490	4,223	21,247	12,554
Total assets	818,087		818,087		867,329
Label and packaging [Member]
Segment Information [Line Items]
Net sales	108,262	108,381	329,432	331,706
Operating income (loss)	12,472	12,882	37,343	36,174
Restructuring, impairment and other charges	651	355	1,153	1,177
Total assets	337,002		337,002		392,417
Corporate [Member]
Segment Information [Line Items]
Operating income (loss)	(7,360)	(9,545)	(23,094)	(32,674)
Restructuring, impairment and other charges	49	107	166	246
Total assets	124,477		124,477		125,842
Print [Member]
Segment Information [Line Items]
Net sales	174,132	179,406	497,607	537,005
Envelope [Member]
Segment Information [Line Items]
Net sales	168,880	188,048	518,725	553,994
Label [Member]
Segment Information [Line Items]
Net sales	82,478	81,781	248,484	250,430
Packaging [Member]
Segment Information [Line Items]
Net sales	25,784	26,600	80,948	81,276
Print and envelope to label and packaging [Member]
Segment Information [Line Items]
Intercompany sales	1,739	1,002	5,253	3,488
Label and packaging to print and envelope [Member]
Segment Information [Line Items]
Intercompany sales	$ 1,902	$ 2,334	$ 5,024	$ 4,592

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Goodwill and Other Intangible Assets Schedule of Goodwill (Tables)

9 Months Ended

Sep. 29, 2012

Goodwill and Other Intangible Assets [Abstract]

Schedule of Goodwill [Table Text Block]

The changes in the carrying amount of goodwill as of September 29, 2012 and December 31, 2011 by reportable segment are as follows (in thousands):

	Print and Envelope		Label and Packaging		Total
Balance as of December 31, 2011	$	78,857	$	111,965	$	190,822
Acquisitions, net	644		—		644
Foreign currency translation	249		—		249
Balance as of September 29, 2012	$	79,750	$	111,965	$	191,715

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Acquisitions Purchase Price Allocation of EPG (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended		12 Months Ended		3 Months Ended		12 Months Ended
	Sep. 29, 2012	Oct. 01, 2011	Sep. 29, 2012	Oct. 01, 2011	Dec. 31, 2011 Envelope Product Group Acquisition [Member]	Sep. 29, 2012 Envelope Product Group Acquisition [Member]	Apr. 02, 2011 Original Purchase Price [Member] Envelope Product Group Acquisition [Member]	Feb. 01, 2011 Original Purchase Price [Member] Envelope Product Group Acquisition [Member]	Dec. 31, 2011 Adjustments to Purchase Price [Member] Envelope Product Group Acquisition [Member]	Sep. 29, 2012 Adjustments to Purchase Price [Member] Envelope Product Group Acquisition [Member]
Business Acquisition, Purchase Price Allocation [Abstract]
Accounts receivable, net						$ 29,817		$ 29,817		$ 0
Inventories						21,893		21,352		541
Prepaid and other current assets						386		386		0
Property, plant and equipment, net						38,388		37,982		406
Other intangible assets, net						1,500		1,500		0
Other assets, net						2,240		2,240		0
Total assets acquired						94,224		93,277		947
Current liabilities						25,583		25,340		243
Other liabilities						1,763		1,763		0
Total liabilities assumed						27,346		27,103		243
Net assets acquired						66,878		66,174		704
Cost of EPG acquisition						55,158		55,635		(477)
Gain on bargain purchase	$ 0	$ 641	$ 0	$ 11,720	$ 11,720		$ 10,539		$ 1,181

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Basis Of Presentation New Accounting Pronouncements (Policies)

9 Months Ended

Sep. 29, 2012

Basis of Presentation [Abstract]

Reporting Period [Policy Text Block]

It is the Company’s practice to close its fiscal quarters on the Saturday closest to the last day of the calendar quarter. The reporting periods for the three and nine months ended September 29, 2012 and October 1, 2011, each consisted of 13 weeks and 39 weeks, respectively.

New Accounting Pronouncements [Table Text Block]

New Accounting Pronouncements

Effective January 1, 2012, the Company adopted an accounting pronouncement relating to the presentation of comprehensive income. This pronouncement requires the presentation of comprehensive income in either: (i) a continuous statement of comprehensive income or (ii) two separate, but consecutive statements. The adoption of this pronouncement does impact the Company's financial statement presentation, is applied retrospectively, and did not have a material impact on the Company's condensed consolidated financial statements.

Effective January 1, 2012, the Company adopted an accounting pronouncement to update the testing of goodwill for impairment.  This pronouncement provides companies with the option of performing a qualitative assessment before calculating the fair value of a reporting unit in step one of its goodwill impairment test. If a company determines, on the basis of qualitative factors, the fair value of a reporting unit is more likely than not to be less than the carrying amount, the two-step impairment test would be required to be performed. Otherwise, further impairment testing would not be needed. The Company performs its goodwill impairment testing in the fourth quarter of each fiscal year. The adoption of this pronouncement is not expected to have a material impact on the Company's condensed consolidated financial statements.