Shareholders' Equity

12 Months Ended

Dec. 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 51,256,906 are issued and outstanding at December 30, 2016.

The ordinary share activity for the years ended December 30, 2016 and January 1, 2016 is summarized as follows:

	Year ended
	December 30, 2016		January 1, 2016
Ordinary shares issued/(retired) as a result of:
Stock option exercises	471,653		1,320,103
Restricted stock awards	22,946		21,875
Restricted and performance stock units	544,577		239,624
Ordinary share repurchase and retirement	(2,325,235	)	(2,938,560	)

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 $398.4 million of our ordinary shares, or 11.4 million ordinary shares, under the aforementioned repurchase programs and retired all the repurchased shares. We have a maximum dollar amount value of $201.6 million shares that may yet be purchased under the combined stock repurchase programs.

The following represents a summary of repurchase activity during years ended December 30, 2016 and January 1, 2016 (U.S. dollars in millions, except share and per share data):

	Year ended
	December 30, 2016					January 1, 2016
	Shares	USD		Average price per share		Shares	USD		Average price per share
Year ended:	2,325,235	$	106.6	$	45.85	2,938,560	$	103.9	$	35.34

Subsequent to the year ended December 30, 2016, we repurchased no ordinary shares.

The following is a summary of the dividends declared per share for the years ended December 30, 2016 and January 1, 2016:

Year ended
December 30, 2016			January 1, 2016
Dividend Declared Date	Cash Dividend Declared, per Ordinary Share		Dividend Declared Date	Cash Dividend Declared, per Ordinary Share
December 9, 2016	$	0.150	December 4, 2015	$	0.125
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 $28.2 million in dividends during the year ended December 30, 2016 and $26.2 million during the year ended January 1, 2016.