Shareholders' Equity

12 Months Ended

Dec. 28, 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 57,707,385 are issued and outstanding at December 28, 2012.

The ordinary share activity for the years ended December 28, 2012 and December 30, 2011 is summarized as follows:

	Year Ended
	December 28, 2012	December 30, 2011
Ordinary shares issued/ (retired) as a result of:
Stock option exercises	475,918	1,166,849
Restricted share grants	27,573	27,853
Ordinary share repurchase and retirement	560,560	2,155,678

On July 31, 2009, our Board of Directors approved a three-year stock repurchase program of up to $150 million of our ordinary shares, which expired on July 31, 2012. 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 28, 2012 and December 30, 2011 (U.S. dollars in millions, except share and per share data):

	Year Ended
	December 28, 2012					December 30, 2011
	Shares	USD		Average price per share		Shares	USD		Average price per share
Quarter ended:	560,560	$	14.4	$	25.56	318,982	$	7.4	$	23.07
Year ended:	560,560	14.4		25.56		2,155,678	50.0		23.16

We account for treasury stock using the cost method. We repurchased and retired 7,774,897 ordinary shares, for an aggregate price of $172.3 million under the aforementioned $300 million stock repurchase programs approved by the Board of Directors. We have $127.7 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 28, 2012 and December 30, 2011:

Year Ended
December 28, 2012			December 30, 2011
Dividend Declared Date	Cash Dividend Declared, per Ordinary Share		Dividend Declared Date	Cash Dividend Declared, per Ordinary Share
October 31, 2012	$	0.10	November 2, 2011	$	0.10
August 1, 2012	$	0.10	August 3, 2011	$	0.10
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 $5.8 million and $17.7 million in dividends during the quarter and year ended December 30, 2011, respectively.

We paid $5.8 million and $23.2 million in dividends during the quarter and year ended December 28, 2012, respectively.