Shareholders' Equity

6 Months Ended

Jun. 27, 2014

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Shareholders’ Equity

Our shareholders have authorized 50,000,000 preferred shares at $0.01 par value, of which none are issued or outstanding. Our shareholders have authorized 200,000,000 ordinary shares of common stock at $0.01 par value, of which 55,481,349 are issued and outstanding at June 27, 2014.

Ordinary share activity is summarized as follows:

	Six months ended
	June 27, 2014		June 28, 2013
Ordinary shares issued (retired) as a result of:
Stock option exercises	378,994		903,501
Restricted stock grants	26,117		26,201
Restricted stock units	170,572		—
Ordinary shares repurchase and retirement	(1,312,771	)	(3,424,609	)

On July 31, 2009, our Board of Directors approved a three-year stock repurchase program of up to $150 million of our ordinary shares, which expired on July 31, 2012. On May 5, 2010, our Board of Directors approved an additional three-year stock repurchase program of up to $150 million of our ordinary shares, which expired on May 5, 2013. On May 1, 2013, our Board of Directors approved a three-year stock repurchase program of up to $300 million of our ordinary shares. We have repurchased $302.1 million of ordinary shares, or 12,578,156 ordinary shares, under the aforementioned repurchase programs and retired all the repurchased shares. We have a maximum dollar amount value of $222.1 million of shares that may yet be purchased under the May 1, 2013 stock repurchase program.

Dividend activity is summarized as follows:

Six months ended			Six months ended
June 27, 2014			June 28, 2013
Dividend Declared Date	Cash Dividend Declared, per Ordinary Share		Dividend Declared Date	Cash Dividend Declared, per Ordinary Share
May 30, 2014	$	0.125	May 31, 2013	$	0.125
March 28, 2014	$	0.125	March 29, 2013	$	0.125

We paid $14.2 million in dividends for the six months ended June 27, 2014 and $14.3 million in dividends for the six months ended June 28, 2013.