Shareholders' Equity

3 Months Ended

Mar. 31, 2017

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 51,105,081 are issued and outstanding at March 31, 2017.

Ordinary share activity is summarized as follows:

	Quarter ended
	March 31, 2017		April 1, 2016
Ordinary shares issued (retired) as a result of:
Stock option exercises	6,500		20,966
Restricted stock grants	14,294		22,946
Restricted and performance stock units	130,682		149,857
Ordinary shares repurchased and retired	(303,300	)	(1,616,619	)

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. We have repurchased $115.9 million of ordinary shares, or 3,510,491 ordinary shares, under the aforementioned repurchase programs and retired all the repurchased shares. We have a maximum dollar amount value of $184.1 million of shares that we can purchase under the stock repurchase program approved on July 29, 2015.

Subsequent to the quarter ended March 31, 2017no ordinary shares were repurchased.

Dividend activity is summarized as follows:

Quarter ended
March 31, 2017			April 1, 2016
Dividend Date	Cash Dividend Declared, per Ordinary Share		Dividend Date	Cash Dividend Declared, per Ordinary Share
March 31, 2017	$	0.150	April 1, 2016	$	0.125

We paid dividends of $7.6 million in the quarter ended March 31, 2017 and $6.4 million in the quarter ended April 1, 2016.