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 48,759,481 are issued and outstanding at December 29, 2017.

The ordinary share activity for the years ended December 29, 2017 and December 30, 2016 is summarized as follows:



	Year ended
	December 29, 2017		December 30, 2016
Ordinary shares issued/(retired) as a result of:
Stock option exercises	59,000		471,653
Restricted stock awards	14,294		22,946
Restricted and performance stock units	251,303		544,577
Ordinary share repurchase and retirement	(2,822,022	)	(2,325,235	)

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. We have repurchased $240.4 million of our ordinary shares, or 6,029,213 ordinary shares, under the aforementioned repurchase program and retired all the repurchased shares. We have a maximum dollar amount value of $59.6 million shares that may yet be purchased under the stock repurchase program approved on July 29, 2015.

The following represents a summary of repurchase activity during years ended December 29, 2017 and December 30, 2016 (U.S. dollars in millions, except share and per share data):



	Year ended
	December 29, 2017					December 30, 2016
	Shares	USD		Average price per share		Shares	USD		Average price per share
Year ended:	2,822,022	$	142.0	$	50.31	2,325,235	$	106.6	$	45.85

Subsequent to the year ended December 29, 2017, we repurchased 106,300 ordinary shares at an average price of $44.82 per share.

The following is a summary of the dividends declared per share for the years ended December 29, 2017 and December 30, 2016:



Year ended
December 29, 2017			December 30, 2016
Dividend Declared Date	Cash Dividend Declared, per Ordinary Share		Dividend Declared Date	Cash Dividend Declared, per Ordinary Share
December 8, 2017	$	0.15	December 9, 2016	$	0.15
September 8, 2017	$	0.15	September 9, 2016	$	0.15
June 2, 2017	$	0.15	June 3, 2016	$	0.125
March 31, 2017	$	0.15	April 1, 2016	$	0.125

We paid $30.1 million in dividends during the year ended December 29, 2017 and $28.2 million during the year ended December 30, 2016.