MCRS » Topics » 12. Shareholders equity:

This excerpt taken from the MCRS 10-K filed Sep 13, 2006.

12.     Shareholders’ equity:

          In the fiscal year 2002, the Board of Directors authorized the purchases of up to two million shares of the Company’s common stock.  During fiscal 2005, the Company purchased all remaining shares authorized for purchase by the Board of Directors.  In the fiscal year 2005, the Board of Directors authorized the purchases of up to an additional two million shares of the Company’s common stock.  Since the inception of the repurchase programs, the Company has incurred less than $0.1 million in fees related to the programs.

          A summary of the cumulative number of shares purchased and retired under both plans is as follows:

 

 

Number of
Shares

 

Average 
Purchase Price
per Share

 

Total Purchase
Value
(in thousands)

 

 

 



 



 



 

Total shares purchased as of June 30, 2004

 

 

1,599,462

 

$

16.51

 

$

26,403

 

Shares purchased from July 1 – June 30, 2005

 

 

897,200

 

$

29.85

 

 

26,777

 

 

 



 

 

 

 



 

Total shares purchased as of June 30, 2005

 

 

2,496,662

 

$

21.30

 

 

53,180

 

Shares purchased from July 1 – June 30, 2006

 

 

921,337

 

$

43.67

 

 

40,234

 

 

 



 

 

 

 



 

Total shares purchased as of June 30, 2006

 

 

3,417,999

 

$

27.33

 

$

93,414

 

 

 



 

 

 

 



 

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