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Herley Industries, Inc. Reports Third Quarter Earnings
Date:6/11/2009

143,544 138,280 Property, Plant and Equipment, net 33,801 30,552 Goodwill 85,615 73,900 Intangibles, net of accumulated amortization of $6,421 at May 3, 2009 and $7,505 at August 3, 2008 12,283 16,145 Other Assets 900 541 -------- -------- Total Assets $276,143 $259,418 ======== ======== LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Current portion of long-term debt $1,838 $1,394 Current portion of employment settlement agreement - (net of imputed interest of $88 at May 3, 2009 and $138 at August 3, 2008) 1,169 1,119 Current portion of litigation settlement - (net of imputed interest of $62 at May 3, 2009 and $46 at August 3, 2008) 938 954 Accounts payable and accrued expenses 21,420 27,546 Billings in excess of costs incurred and income recognized on uncompleted contracts 113 613 Income taxes payable - 43 Accrual for contract losses 4,841 2,994 Accrual for warranty costs 860 1,142 Advance payments on contracts 17,248 8,120 -------- -------- Total Current Liabilities 48,427 43,925 Long-term Debt 13,606 7,092 Long-term
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