RR Donnelley Records Earnings Jump on Flat Sales
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Unallocated Corporate operating expenses increased to $51.7 million in the first quarter of 2010 as compared to $43.5 million in the first quarter of 2009. Excluding acquisition expenses of $2.0 million and restructuring charges of $0.1 million in the first quarter of 2010 and restructuring charges of $3.2 million in the first quarter of 2009, unallocated Corporate operating expenses increased $9.3 million to $49.6 million in the first quarter of 2010. Higher non-cash pension and other benefits-related expenses, partially offset by our productivity efforts, were the primary factors contributing to the increase.
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