Shareholders' Equity

12 Months Ended

Dec. 26, 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 53,899,923 are issued and outstanding at December 26, 2014.

The ordinary share activity for the years ended December 26, 2014 and December 27, 2013 is summarized as follows:

	Year Ended
	December 26, 2014		December 27, 2013
Ordinary shares issued/(retired) as a result of:
Stock option exercises	1,945,939		1,975,339
Restricted stock awards	26,117		26,201
Restricted and performance stock units	287,202		—
Ordinary share repurchase and retirement	(4,577,772	)	(3,490,488	)

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 $300.0 million of our ordinary shares. We have repurchased $412.1 million of our ordinary shares, or 15,843,157 ordinary shares, under the aforementioned repurchase programs and retired all the repurchased shares. We purchased 2,363,996 ordinary shares at a purchase price of $34.50 in a modified Dutch auction tender offer completed on December 8, 2014. The modified Dutch auction tender offer was conducted as part of the stock repurchase program. We have a maximum dollar amount value of $112.1 million of shares that may yet be purchased under the May 1, 2013 stock repurchase program.

The following represents a summary of repurchase activity during the years ended December 26, 2014 and December 27, 2013 (U.S. dollars in millions, except share and per share data):

	Year Ended
	December 26, 2014					December 27, 2013
	Shares	USD		Average price per share		Shares	USD		Average price per share
Quarter ended:	3,048,596	$	103.6	$	33.99	27,982	$	0.7	$	26.43
Year ended:	4,577,772	145.9		31.90		3,490,488	94.0		26.9

Subsequent to the year ended December 26, 2014, we repurchased 1,997,504 ordinary shares for $67.6 million with an average price per share of $33.83.

The following is a summary of the dividends declared per share for the years ended December 26, 2014 and December 27, 2013:

Year Ended
December 26, 2014			December 27, 2013
Dividend Declared Date	Cash Dividend Declared, per Ordinary Share		Dividend Declared Date	Cash Dividend Declared, per Ordinary Share
December 5, 2014	$	0.125	December 6, 2013	$	0.125
September 5, 2014	$	0.125	September 6, 2013	$	0.125
May 30, 2014	$	0.125	May 31, 2013	$	0.125
March 28, 2014	$	0.125	March 29, 2013	$	0.125

23. Shareholders’ Equity (continued)

We paid $27.9 million and $28.2 million in dividends during the years ended December 26, 2014 and December 27, 2013, respectively.