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

----- Commitments and Contingencies Shareholders' Equity: Common stock, $.10 par value; authorized 20,000,000 shares; issued and outstanding 13,719,926 in 2009 and 13,521,902 in 2008 1,372 1,352 Additional paid-in capital 103,113 101,403 Retained earnings 47,882 89,058 Accumulated other comprehensive (loss) income (311) 1,622 ---- ----- Total Shareholders' Equity 152,056 193,435 ------- ------- Total Liabilities and Shareholders' Equity $228,285 $259,418 ======== ======== HERLEY INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (In thousands) Fifty-two Fifty-three weeks ended weeks ended August 2, August 3, 2009 2008 ---- ---- Cash flows from operating activities: Net loss $(41,176) $(10,346) -------- -------- Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization 8,468 7,266 Gain on sale of fixed assets (574) - Impairment of goodwill of discontinued subsidiary 1,000 - Impairment of g
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