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Shareholders' Equity
3 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Shareholders' Equity
Shareholders’ Equity
Share Repurchase Program
During the three months ended June 30, 2018 and July 1, 2017, the Company repurchased 1,659,941 shares and 4,543,500 shares, respectively, at a cost of $100.0 million and $157.8 million, respectively, under its $1.0 billion share-repurchase programs through open market transactions. As of June 30, 2018, the remaining availability under the Company’s share repurchase program was $542.2 million. Share repurchases may be made in open market or privately negotiated transactions, subject to market conditions, applicable legal requirements, trading transactions under the Company’s insider trading policy and other relevant factors. The program may be suspended or discontinued at any time.
The Company also has in place a “withhold to cover” repurchase program, which allows the Company to withhold ordinary shares from certain executive officers and directors to satisfy minimum tax withholding obligations relating to the vesting of their restricted share unit awards. During the three month periods ended June 30, 2018 and July 1, 2017, the Company withheld 88,325 shares and 77,155 shares, respectively, with a fair value of $5.9 million and $2.5 million, respectively, in satisfaction of minimum tax withholding obligations relating to the vesting of restricted share unit awards.