| Income Statement for Herley Industries Inc. (HRLY) | | | | After Hours: $ 12.63 |  0.04 (+0.32%) | Volume: 600 | 4:46 PM EDT Oct 15, 2008 | | | | | | | Income | in Thousands of Dollars | | | 07/2007 | 07/2006 | 07/2005 | 07/2004 | 07/2003 | | | Operating Revenue | 163,140 | 176,268 | 151,415 | 122,154 | 110,223 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (111,657) | (120,825) | (100,758) | (75,261) | (68,920) | | Gross Operating Profit | 51,483 | 55,443 | 50,657 | 46,893 | 41,303 | | | Selling/General/Admin Expense | (43,104) | (34,966) | (30,305) | (21,123) | (16,187) | | Research & Development | - | - | - | - | - | | EBITDA | 8,379 | 20,477 | 20,352 | 25,770 | 25,116 | | Depreciation & Amortization | (7,177) | (7,096) | (5,683) | (4,244) | (4,302) | | EBIT | 1,202 | 13,381 | 14,669 | 21,526 | 20,814 | | Interest Income | - | - | - | - | - | | Other Income, Net | 1,687 | 1,271 | 643 | 480 | 769 | | Total Income Avail For Interest Expense | 2,889 | 14,652 | 15,312 | 20,082 | 20,436 | | Interest Expense | (790) | (319) | (286) | (326) | - | | Pre-Tax Income | 2,099 | 14,333 | 15,026 | 19,756 | 20,436 | | Income Taxes | 1,019 | (3,979) | (4,245) | (6,083) | (6,499) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 3,118 | 10,354 | 10,781 | 13,673 | 13,937 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 3,118 | 10,354 | 10,781 | 13,673 | 13,937 | | | Normalized Income | 3,118 | 10,354 | 10,781 | 15,597 | 15,084 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | (1,924) | (1,147) | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 3,118 | 10,354 | 10,781 | 13,673 | 13,937 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 07/2007 | 07/2006 | 07/2005 | 07/2004 | 07/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 0.22 | 0.72 | 0.75 | 0.97 | 0.97 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.22 | 0.72 | 0.75 | 0.97 | 0.97 | | | Diluted EPS from Continuing Operations | 0.22 | 0.69 | 0.72 | 0.92 | 0.93 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.22 | 0.69 | 0.72 | 0.92 | 0.93 | | | |
