Shareholders' Equity

6 Months Ended

Jun. 26, 2015

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, and 200,000,000 ordinary shares of common stock at $0.01 par value, of which 52,692,566 are issued and outstanding at June 26, 2015.

Ordinary share activity is summarized as follows:

	Six months ended
	June 26, 2015		June 27, 2014
Ordinary shares issued (retired) as a result of:
Stock option exercises	698,373		378,994
Restricted stock grants	21,875		26,117
Restricted and performance stock units	128,999		170,572
Ordinary shares repurchased and retired	(2,056,604	)	(1,312,771	)

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 $257.5 million of ordinary shares, or 8,188,255 ordinary shares, under the aforementioned repurchase program and retired all the repurchased shares. We purchased 2,363,996 ordinary shares at a purchase price of $34.50 per share 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 $42.5 million of shares that may yet be purchased under the May 1, 2013 stock repurchase program.

17.  Shareholders’ Equity (continued)

Dividend activity is summarized as follows:

Six months ended		Six months ended
June 26, 2015		June 27, 2014
Dividend Declared Date	Cash Dividend Declared, per Ordinary Share	Dividend Declared Date	Cash Dividend Declared, per Ordinary Share
May 29, 2015	0.125	May 30, 2014	0.125
March 27, 2015	0.125	March 28, 2014	0.125

We paid $13.1 million in dividends in the six months ended June 26, 2015 and $14.2 million in dividends in the six months ended June 27, 2014.