Shareholders' Equity

3 Months Ended

Mar. 27, 2020

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 at March 27, 2020, and 200,000,000 ordinary shares at $0.01 par value, of which 47,833,237 are issued and outstanding at March 27, 2020.

On February 21, 2018, our Board of Directors approved a three-year stock repurchase program of up to $300.0 million of our ordinary shares. We have repurchased $45.3 million of ordinary shares, or 1,744,993 ordinary shares, under the aforementioned repurchase program and retired all the repurchased shares. As of March 27, 2020, we have a maximum dollar value of $254.7 million that we can purchase under the approved stock repurchase program.

The following is a summary of the dividends declared per share for the quarters ended March 27, 2020 and March 29, 2019:



Quarter ended
March 27, 2020			March 29, 2019
Dividend Date	Cash Dividend Declared, per Ordinary Share		Dividend Date	Cash Dividend Declared, per Ordinary Share
March 27, 2020	$	0.100	March 29, 2019	$	—

We paid $4.8 million in dividends in the quarter ended March 27, 2020 and no dividends were paid in the quarter ended March 29, 2019.

Subsequent to the quarter ended March 27, 2020, we repurchased 162,251 ordinary shares for $4.4 million with an average price per share of $26.84. Following such repurchases, we have temporarily suspended our share repurchase program. In addition, on April 28, 2020, our Board of Directors declared an interim cash dividend of five cents $0.05 per share, payable on June 5, 2020 to shareholders of record on May 13, 2020.