XML 34 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2
Shareholders' Equity
 9 Months Ended
Sep. 30, 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 51,804,173 are issued and outstanding at September 30, 2016.
 
Ordinary share activity is summarized as follows:
 
Nine months ended
 
September 30,
2016
 
September 25,
2015
Ordinary shares issued (retired) as a result of:
 
 
 
Stock option exercises
417,153

 
1,207,919

Restricted stock grants
22,946

 
21,875

Restricted and performance stock units
493,644

 
238,974

Ordinary shares repurchased and retired
(1,672,535
)
 
(2,777,840
)

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 September 30, 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 September 30, 2016 no ordinary shares were repurchased.

Dividend activity is summarized as follows:
Nine months ended
September 30, 2016
 
September 25, 2015
Dividend Date
 
Cash Dividend Declared, per Ordinary Share
 
Dividend Date
 
Cash Dividend Declared, per Ordinary Share
September 9, 2016
 
0.150

 
September 4, 2015
 
0.125

June 3, 2016
 
$
0.125

 
May 29, 2015
 
$
0.125

April 1, 2016
 
$
0.125

 
March 27, 2015
 
$
0.125



We paid dividends of $20.5 million in the nine months ended September 30, 2016 and $19.7 million in the nine months ended September 25, 2015.