Shareholders' Equity

12 Months Ended

Jan. 01, 2016

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 52,542,965 are issued and outstanding at January 1, 2016.

The ordinary share activity for the years ended January 1, 2016 and December 26, 2014 is summarized as follows:

	Year Ended
	January 1, 2016		December 26, 2014
Ordinary shares issued/(retired) as a result of:
Stock option exercises	1,320,103		1,945,939
Restricted stock awards	21,875		26,117
Restricted and performance stock units	239,624		287,202
Ordinary share repurchase and retirement	(2,938,560	)	(4,577,772	)

On July 29, 2015, our Board of Directors approved a three-year stock repurchase program of up to $300.0 million of our ordinary shares, in addition to the three-year repurchase program to repurchase up to $300.0 million of our ordinary shares approved on May 1, 2013. We have repurchased $291.8 million of our ordinary shares, or 9,070,211 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 $308.2 million of shares that may yet be purchased under the combined stock repurchase programs.

The following represents a summary of repurchase activity during the quarters and years ended January 1, 2016 and December 26, 2014 (U.S. dollars in millions, except share and per share data):

	Year Ended
	January 1, 2016					December 26, 2014
	Shares	USD		Average price per share		Shares	USD		Average price per share
Quarter ended:	160,720	$	6.3	$	39.27	3,048,596	$	103.6	$	33.99
Year ended:	2,938,560	$	103.9	$	35.34	4,577,772	145.9		31.90

Subsequent to the year ended January 1, 2016, we repurchased 1,001,827 ordinary shares for $39.3 million with an average price per share of $39.24.

The following is a summary of the dividends declared per share for the years ended January 1, 2016 and December 26, 2014:

Year Ended
January 1, 2016			December 26, 2014
Dividend Declared Date	Cash Dividend Declared, per Ordinary Share		Dividend Declared Date	Cash Dividend Declared, per Ordinary Share
December 4, 2015	$	0.125	December 5, 2014	$	0.125
September 4, 2015	$	0.125	September 5, 2014	$	0.125
May 29, 2015	$	0.125	May 30, 2014	$	0.125
March 27, 2015	$	0.125	March 28, 2014	$	0.125

23. Shareholders’ Equity (continued)

We paid $26.2 million in dividends during the year ended January 1, 2016 and $27.9 million during the year ended December 26, 2014.