Shareholders' Equity

9 Months Ended

Sep. 25, 2020

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 at September 25, 2020, and 200,000,000 ordinary shares at $0.01 par value, of which 47,366,877 are issued and outstanding at September 25, 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 $58.3 million of ordinary shares, or 2,294,829 ordinary shares, under the aforementioned repurchase program and retired all the repurchased shares. As of September 25, 2020, we have a maximum dollar value of $241.7 million that we can purchase under the approved stock repurchase program.

Dividend activity is summarized as follows:

Nine months ended
September 25, 2020			September 27, 2019
Dividend Date	Cash Dividend Declared, per Ordinary Share		Dividend Date	Cash Dividend Declared, per Ordinary Share
September 4, 2020	$	0.050	September 6, 2019	$	0.060
June 5, 2020	0.050
March 27, 2020	0.100

We paid $9.6 million in dividends in the nine months ended September 25, 2020 and $2.9 million in dividends in the nine months ended September 27, 2019.

Subsequent to the quarter ended September 25, 2020, there were no ordinary share repurchases. In addition, on October 27, 2020, our Board of Directors declared a quarterly cash dividend of ten cents $0.10 per share, payable on December 4, 2020 to shareholders of record on November 11, 2020.