Note 10 - Stock Repurchase Program

3 Months Ended

Mar. 31, 2012

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. From August 2010 through June 2011, the Company repurchased 4,385,289 shares for a total of $70.0 million. During the three months ended March 31, 2011, the following shares have been repurchased through the open market and subsequently retired:

	Three months ended March 31, 2011
	Shares Repurchased		Average Price per Share		Value (in thousands)
February 2011		817,500	$	15.47	$	12,648
March 2011		75,000	$	14.17	$	1,062

		892,500			$	13,710