Shareholders' Equity

6 Months Ended

Jul. 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 51,233,897 are issued and outstanding at July 1, 2016.

Ordinary share activity is summarized as follows:

	Six months ended
	July 1, 2016		June 26, 2015
Ordinary shares issued (retired) as a result of:
Stock option exercises	163,467		698,373
Restricted stock grants	22,946		21,875
Restricted and performance stock units	177,054		128,999
Ordinary shares repurchased and retired	(1,672,535	)	(2,056,604	)

18.  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 $358.7 million of ordinary shares, or 10,742,746 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 July 1, 2016. We have a maximum dollar amount value of $241.3 million of shares that we can purchase under the stock repurchase program approved on July 29, 2015.

Subsequent to the quarter ended July 1, 2016no ordinary shares were repurchased.

Dividend activity is summarized as follows:

Six months ended
July 1, 2016			June 26, 2015
Dividend Date	Cash Dividend Declared, per Ordinary Share		Dividend Date	Cash Dividend Declared, per Ordinary Share
June 3, 2016	$	0.125	May 29, 2015	$	0.125
April 1, 2016	$	0.125	March 27, 2015	$	0.125

We paid $12.7 million in dividends in the six months ended July 1, 2016 and $13.1 million in dividends in the six months ended June 26, 2015.