Shareholders' Equity

6 Months Ended

Dec. 28, 2013

Shareholders' Equity [Abstract]

Shareholders' Equity [Text Block]

SHAREHOLDERS’ EQUITY

Perrigo Company plc (formerly known as Perrigo Company Limited, and prior thereto, Blisfont Limited) was incorporated under the laws of Ireland on June 28, 2013 and became the successor registrant to Perrigo Company on December 18, 2013 in connection with the consummation of the acquisition of Elan. Perrigo Company shares were cancelled and exchanged for Perrigo Company plc shares on a one-for-one basis (together with the payment of $0.01 in cash per Perrigo Company share). All the remaining unsold shares of Perrigo Company were deregistered. Perrigo Company plc began trading on the New York Stock Exchange on December 19, 2013 and the Tel Aviv Stock Exchange on December 22, 2013 under the same symbol used by Perrigo Company ("PRGO") prior to December 18, 2013. See Note 2 for additional information about the acquisition of Elan.

The Company issued 70 thousand and 138 thousand shares related to the exercise and vesting of share-based compensation during the second quarter of fiscal 2014 and 2013, respectively. Year-to-date, the Company issued 334 thousand and 605 thousand shares related to the exercise and vesting of share-based compensation during fiscal 2014 and 2013, respectively.

The Company does not currently have an ordinary share repurchase program, but may repurchase shares in private party transactions from time to time. Private party transactions are shares repurchased in connection with the vesting of restricted stock awards to satisfy employees' minimum statutory tax withholding obligations. All ordinary shares repurchased by the Company will either be cancelled or held as treasury shares available for reissuance in the future for general corporate purposes. The Company did not repurchase any shares in private party transactions during the second quarter of fiscal 2014 or 2013. During the six months endedDecember 28, 2013, the Company repurchased 61 thousand shares for $7.3 million in private party transactions. During the six months endedDecember 29, 2012, the Company repurchased 110 thousand shares for $12.2 million in private party transactions.