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

9, 2007

(Unaudited)

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ASSETS

Current Assets:

Cash and cash equivalents $20,583 $35,181

Trade accounts receivable, net 23,548 28,058

Income Taxes Receivable 2,056 819

Costs incurred and income recognized in

excess of billings on uncompleted

contracts and claims 19,833 14,448

Other receivables 3,837 2,816

Inventories, net 60,321 51,815

Deferred income taxes 11,340 4,254

Other current assets 1,546 1,069

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Total Current Assets 143,064 138,460

Property, Plant and Equipment, net 30,957 29,996

Goodwill 73,903 74,044

Intangibles, net of accumulated amortization

of $6,943 at May 4, 2008 and $5,256 at

July 29, 2007 16,624 18,431

Other Assets 551 1,662

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Total Assets $265,099 $262,593

=========== =============

LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities:

Current portion of long-term debt $1,387 $1,346

Current portion of employment settlement

agreement - (net of imputed interest of

$124 at May 4, 2008 and $245
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SOURCE Herley Industries, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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