Shareholders' Equity

6 Months Ended

Jun. 29, 2012

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Shareholders’ Equity

Our shareholders have authorized 50,000,000 preferred shares, $0.01 par value, of which none are issued or outstanding. Our shareholders have authorized 200,000,000 ordinary shares of common stock, $0.01 par value, of which 58,001,277 are issued and outstanding at June 29, 2012, respectively.

Ordinary share activity for the quarters ended June 29, 2012 and July 1, 2011 is summarized as follows:

	Six months ended
	June 29, 2012	July 1, 2011
Ordinary shares issued/ (retired) as a result of:
Stock option exercises	209,250	1,081,252
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 programs. 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 the quarter and six months ended June 29, 2012, no repurchases were made under the aforementioned plans.

17.  Shareholders’ Equity (continued)

The following is a summary of the dividends declared per share for the six months ended June 29, 2012 and July 1, 2011:

Six months ended			Six months ended
June 29, 2012			July 1, 2011
Dividend Declared Date	Cash Dividend Declared, per Ordinary Share		Dividend Declared Date	Cash Dividend Declared, per Ordinary Share
May 2, 2012	$	0.10	May 4, 2011	$	0.05
February 29, 2012	$	0.10	March 3, 2011	$	0.05

On August 3, 2011, our Board of Directors increased the interim cash dividend from $0.05 to $0.10 per ordinary share.  

We paid $11.6 million and $5.9 million in dividends for the six months ended June 29, 2012 and July 1, 2011, respectively.