Shareholders' Equity

12 Months Ended

Dec. 27, 2019

Stockholders' Equity Note [Abstract]

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 48,014,628 are issued and outstanding at December 27, 2019.

On February 21, 2018, our Board of Directors approved a three-year stock repurchase program of up to $300 million of our ordinary shares. We have repurchased $37.5 million of ordinary shares, or 1,235,362 ordinary shares, under the aforementioned repurchase program and retired all the repurchased shares. As of December 27, 2019, we have a maximum dollar value of $262.5 million that we can purchase under the approved stock repurchase program.

The following represents a summary of repurchase activity during years ended December 27, 2019 and December 28, 2018 (U.S. dollars in millions, except share and per share data):



	Year ended
	December 27, 2019					December 28, 2018
	Shares	USD		Average price per share		Shares	USD		Average price per share
Year ended:	723,062	$	17.8	$	24.68	730,532	$	29.4	$	40.26

Subsequent to the year ended December 27, 2019, there were no ordinary share repurchases.

The following is a summary of the dividends declared per share for the years ended December 27, 2019 and December 28, 2018:



Year ended
December 27, 2019			December 28, 2018
Dividend Declared Date	Cash Dividend Declared, per Ordinary Share		Dividend Declared Date	Cash Dividend Declared, per Ordinary Share
December 6, 2019	$	0.08	December 7, 2018	$	0.15
September 6, 2019	$	0.06	September 7, 2018	$	0.15
			June 1, 2018	$	0.15
			March 30, 2018	$	0.15

We paid $6.7 million in dividends during the year ended December 27, 2019 and $29.0 million during the year ended December 28, 2018.