LEARNING TREE INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(all amounts in thousands, except per share amounts) (Unaudited)
		Three Months Ended					Six Months Ended
		March 28, 2008		March 30, 2007			March 28, 2008		March 30, 2007
Revenues	$	39,236	$	37,631		$	90,126	$	80,345
Costs of revenues		17,709		17,235			38,040		35,587
Gross profit		21,527		20,396			52,086		44,758
Operating expenses:
Course development		2,574		1,911			4,646		3,784
Sales and marketing		10,519		9,985			21,062		19,289
General and administrative		7,745		7,456			17,211		14,546
Total operating expenses		20,838		19,352			42,919		37,619
Income from operations		689		1,044			9,167		7,139
Other income, net		1,518		893			2,439		2,084
Income before provision for income taxes		2,207		1,937			11,606		9,223
Provision for income taxes		874		790			4,378		3,771
Net income	$	1,333	$	1,147		$	7,228	$	5,452
Earnings per share--basic	$	0.08	$	0.07		$	0.44	$	0.33
Earnings per share--diluted	$	0.08	$	0.07		$	0.44	$	0.33

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LEARNING TREE INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS
(all amounts in thousands) (Unaudited)
	March 28, 2008			Sept. 28, 2007
Cash and cash equivalents	$	56,620	$	49,732
Available for sale securities		2,225		38,775
Accounts receivable, net		20,333		19,398
Prepaid expenses and other		10,499		8,732
Income tax receivable		3,590		4,224
Total current assets		93,267		120,861
Available for sale securities		26,275		0
Equipment, long-term investments and other		53,312		43,115
Total assets	$	172,854	$	163,976
Accounts payable and accrued liabilities	$	21,525	$	26,708
Deferred revenues		51,839		50,216
Total current liabilities		73,364		76,924
Other liabilities		17,860		9,844
Total liabilities	$	91,224	$	86,768
Stockholders' equity		81,630		77,208
Total liabilities and stockholders' equity	$	172,854	$	163,976