Shareholders' Equity

3 Months Ended

Apr. 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 51,120,115 are issued and outstanding at April 1, 2016.

Ordinary share activity is summarized as follows:

	Quarter ended
	April 1, 2016		March 27, 2015
Ordinary shares issued (retired) as a result of:
Stock option exercises	20,966		610,896
Restricted stock grants	22,946		21,875
Restricted and performance stock units	149,857		128,253
Ordinary shares repurchased and retired	(1,616,619	)	(2,056,604	)

17.  Shareholders’ Equity (continued)

On July 29, 2015, our Board of Directors approved a three-year stock repurchase program of up to $300 million of our ordinary shares, in addition to the three-year stock repurchase program to repurchase up to $300 million of our ordinary shares approved on May 1, 2013. We have repurchased $356.4 million of ordinary shares, or 10,686,830 ordinary shares, under the aforementioned repurchase programs and retired all the repurchased shares. The stock repurchase program approved on May 1, 2013 has been fully utilized as of April 1, 2016. We have a maximum dollar amount value of $243.6 million of shares that we can purchase under the stock repurchase program approved on July 29, 2015.

Subsequent to the quarter ended April 1, 2016, we repurchased 55,916 ordinary shares for $2.3 million with an average price per share of $41.98.

Dividend activity is summarized as follows:

Quarter ended			Quarter ended
April 1, 2016			March 27, 2015
Dividend Date	Cash Dividend Declared, per Ordinary Share		Dividend Date	Cash Dividend Declared, per Ordinary Share
April 1, 2016	$	0.125	March 27, 2015	$	0.125

We paid $6.4 million in dividends in the quarter ended April 1, 2016 and $6.5 million in dividends in the quarter ended March 27, 2015.