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Herley Reports Fourth Quarter and Year-End Results
Date:10/15/2009

--- Net loss $(3.26) $(.02) $(3.03) $(.76) ====== ===== ====== ===== Basic and diluted weighted average shares 13,607 13,518 13,560 13,652 ====== ====== ====== ====== HERLEY INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (UNAUDITED) (In thousands, except share data) August 2, August 3, 2009 2008 ---- ---- ASSETS Current Assets: Cash and cash equivalents $14,820 $14,347 Trade accounts receivable, net 28,687 27,003 Costs incurred and income recognized in excess of billings on uncompleted contracts and claims 10,396 19,490 Inventories, net 57,804 61,559 Deferred income taxes 19,380 11,263 Other current assets 2,816 4,618 ----- ----- Total Current Assets 133,903 138,280 Property, plant and equipment, net 32,872 30,552 Goodwill 43,722 73,900 Intangibles, net 9,619 16,145 Deferred income taxes 7,571 - Other assets 598 541 --- --- Total Assets
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