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Spectrum Control Reports Fourth Quarter and Annual Profit
Date:1/11/2010

/www.spectrumcontrol.com/">www.spectrumcontrol.com.



    Spectrum Control, Inc. and Subsidiaries
    Condensed Consolidated Balance Sheets
    ( Unaudited )

    ( Dollar Amounts in Thousands )             November 30,    November 30,
                                                     2009          2008
                                                     ----          ----
    Assets

    Current assets
       Cash and cash equivalents                     $6,090       $5,397
       Accounts receivable, net                      22,623       24,043
       Inventories, net                              34,223       30,638
       Deferred income taxes                          1,425        1,684
       Prepaid expenses and other current
        assets                                        2,434        2,307
                                                      -----        -----

              Total current assets                   66,795       64,069

    Property, plant and equipment, net               26,383       27,250

    Other assets
       Goodwill                                      44,995       36,811
       Other                                          5,556        6,654
                                                      -----        -----

              Total assets                         $143,729     $134,784
                                                   ========     ========


    Liabilities and Stockholders' Equity

    Current liabilities
       Short-term debt                               $7,000      $10,000
       Accounts payable                               7,124        6,541
       Income taxes payable                               -           36
       Accrued liabilities                            5,366        4,415
       Current portion of long-term debt                 65          487
                                                        ---          ---

              Total current liabilities              19,
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SOURCE Spectrum Control, Inc.
Copyright©2010 PR Newswire.
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