Herley Industries, Inc. Reports Third Quarte...((In thousands except per share data) ...),Health

Date:6/11/2009

(In thousands except per share data) Thirty-nine Forty Thirteen weeks ended weeks ended weeks ended -------------------- ----------- ----------- May 3, May 4, May 3, May 4, 2009 2008 2009 2008 --------- --------- --------- --------- Net sales $ 41,811 $ 33,516 $ 117,129 $ 98,221 --------- --------- --------- --------- Cost and expenses: Cost of products sold 30,613 27,030 89,658 76,982 Selling and administrative expenses 7,513 7,540 22,049 21,978 Gain on sale of assets - - (573) - Litigation costs 664 1,163 1,055 2,261 Litigation settlement - 9,500 - 15,542 --------- --------- --------- --------- 38,790 45,233 112,189 116,763 Operating income (loss) 3,021 (11,717) 4,940 (18,542) --------- --------- --------- --------- Other (expense) income: Interest income and other 58 154 94 945 Interest expense (246) (163) (945) (426) Foreign exchange transactions gains (losses) 157 42 (233) (6) --------- --------- --------- --------- (31) 33 (1,084) 513 --------- --------- --------- --------- Income (loss) from continuing oper
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