Note 10 - Stock Repurchase Program

9 Months Ended

Sep. 30, 2011

10. Stock Repurchase Program

On July 27, 2010, the Board of Directors approved a stock repurchase program that authorized MPS to repurchase up to $50.0 million in the aggregate of its common stock between August 2, 2010 and December 31, 2011. In February 2011, the Board of Directors approved an increase from $50.0 million to $70.0 million. As of December 31, 2010, the Company repurchased 1,899,789 shares for a total of $31.5 million. In 2011, the following shares have been repurchased through the open market and subsequently retired:

2011 Calendar Year	Shares Repurchased		Average Price per Share		Value (in thousands)
February		817,500	$	15.47	$	12,648
March		75,000	$	14.17	$	1,062
April		917,200	$	14.82	$	13,617
May		657,800	$	16.48	$	10,843
June		18,000	$	16.79	$	302
		2,485,500			$	38,472

From August 2010 through June 2011, the Company repurchased 4,385,289 shares for a total of $70.0 million.