Shareholders' Equity

12 Months Ended

Dec. 30, 2011

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. Our shareholders have authorized 200,000,000 ordinary shares of common stock at $0.01 par value, of which 57,764,454 are issued and outstanding at December 30, 2011.

The ordinary share activity for the years ended December 30, 2011 and December 31, 2010 is summarized as follows:

	Year Ended
	Dec. 30, 2011	Dec. 31, 2010
Ordinary shares issued/ (retired) as a result of:
Stock option exercises	1,166,849	135,722
Restricted share grants	27,853	32,956
Treasury share retirement	2,155,678	5,058,659

On July 31, 2009, our Board of Directors approved a three-year stock repurchase program of up to $150 million of our ordinary shares. On May 5, 2010, our Board of Directors approved an additional three-year stock repurchase program of up to $150 million of our ordinary shares.

The following represents a summary of repurchase activity during the years ended December 30, 2011 and December 31, 2010 (U.S. dollars in millions, except share and per share data):

	Summary of Repurchases
	Dec. 30, 2011					Dec. 31, 2010
	Shares	USD		Average price per share		Shares	USD		Average price per share
Quarter ended:	318,982	$	7.4	$	23.07	1,338,359	$	29.2	$	21.83
Year ended:	2,155,678	50.0		23.16		5,058,659	108.1		21.36

We account for treasury stock using the cost method. We repurchased and retired 7,214,337 ordinary shares, for an aggregate price of $158 million under the aforementioned $300 million stock repurchase programs approved by the Board of Directors. We have $142 million of shares that may yet be purchased under the stock repurchase program.

The following is a summary of the dividends declared per share for the years ended December 30, 2011 and December 31, 2010:

Dividend Declared Date	Cash Dividend Declared, per Ordinary Share
November 2, 2011	$	0.10
August 3, 2011	$	0.10
May 4, 2011	$	0.05
March 3, 2011	$	0.05
November 3, 2010	$	0.05

On November 3, 2010, our Board of Directors reinstated a quarterly cash dividend. We paid $2.9 million in dividends during the quarter and year ended December 31, 2010. On August 3, 2011, our Board of Directors increased the interim cash dividend from $0.05 to $0.10 per ordinary share. We paid $5.8 million and $17.7 million in dividends during the quarter and year ended December 30, 2011, respectively.