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Herley Reports Third Quarter Results
Date:6/12/2008

sale of fixed

assets - 202

Capital expenditures (3,912) (3,516)

----------------- -----------------------

Net cash used in investing

activities (3,912) (3,493)

----------------- -----------------------

Cash flows from financing

activities:

Borrowings under bank line

of credit 13,900 13,000

Borrowings - other - 1,746

Proceeds from exercise of

stock options 225 1,164

Excess tax benefit from

exercises of stock options 57 235

Payments of long-term debt (1,044) (690)

Payments under bank line of

credit (13,900) (13,000)

Purchase of treasury stock (7,138) -

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Net cash (used in) provided

by financing activities (7,900) 2,455

----------------- -----------------------

Effect of exchange rate changes

on cash (1) 8

----------------- -----------------------

Net (decrease) increase in

cash and cash equivalents (14,598) 9,259

Cash and cash equivalents at

beginning of period 35,181 22,303

----------------- -----------------------

Cash and cash equivalents at

end of period $20,583 $31,5
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SOURCE Herley Industries, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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