Shareholders' Equity

3 Months Ended

Mar. 29, 2013

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 57,284,395 are issued and outstanding at March 29, 2013.

Ordinary share activity for the quarters ended March 29, 2013 and March 30, 2012 is summarized as follows:

	Quarter ended
	March 29, 2013		March 30, 2012
Ordinary shares issued/ (retired) as a result of:
Stock option exercises	589,018		40,250
Restricted stock grants	26,201		27,573
Ordinary shares repurchase and retirement	(1,038,209	)	—

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. We have repurchased $200.2 million, or 8,813,106 ordinary shares, under the aforementioned repurchase programs. We have retired all of the 8,813,106 ordinary shares. We have a maximum dollar amount value of $99.8 million of shares that may yet be purchased under the stock repurchase program.

On February 20, 2013, our Board of Directors increased the interim cash dividend from $0.10 to $0.125 per ordinary share, to shareholders of record on March 6, 2013. 

We paid $7.2 million and $5.8 million in dividends for the quarters ended March 29, 2013 and March 30, 2012, respectively.