Shareholders' Equity

3 Months Ended

Mar. 30, 2012

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 57,832,277 are issued and outstanding at March 30, 2012, respectively.

Ordinary share activity for the quarter ended March 30, 2012 and April 1, 2011 is summarized as follows:

	Quarter ended
	March 30, 2012	April 1, 2011
Ordinary shares issued/ (retired) as a result of:
Stock option exercises	40,250	413,776
Restricted stock grants	27,573	27,853

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. We have repurchased $158 million, or 7,214,337 ordinary shares, under the aforementioned $300.0 million repurchase program. We have retired all of the 7,214,337 ordinary shares. We have a maximum dollar amount value of $142.0 million of shares that may yet be purchased under the stock repurchase program. During our first quarter of 2012, no repurchases were made under the aforementioned plans.

17.  Shareholders’ Equity (continued)

On March 3, 2011, our Board of Directors declared an interim cash dividend of $0.05 per ordinary share to shareholders of record on March 16, 2011. At the Annual General Meeting of Shareholders held on May 4, 2011, our shareholders approved a cash dividend previously declared by the Board of Directors for the year ended December 31, 2010, of $0.05 per ordinary share, payable on June 10, 2011, to shareholders of record on May 18, 2011.  On August 3, 2011, our Board of Directors increased the interim cash dividend from $0.05 to $0.10 per ordinary share.  

On February 29, 2012, our Board of Directors declared an interim cash dividend of $0.10 per ordinary share to shareholders of record on March 14, 2012. We paid $5.8 million in dividends on March 30, 2012. Our Board of Directors also declared a cash dividend for the year ended December 30, 2011, of $0.10 per ordinary share, payable on June 8, 2012, to our shareholders of record on May 16, 2012, subject to shareholder's approval at the Annual General Meeting of Shareholders to be held on May 2, 2012.