Ryan Phillippe proud of parenting arrangement with Reese Witherspoon

OHMYGOSSIP — Ryan Phillippe is ”proud” of how he and his ex-wife Reese Witherspoon co-parent their children. The 40-year-old actor has two kids, Ava, 10 and Deacon, 15, with the ‘Legally Blonde’ star – whom he split from after seven years of marriage in 2006 – and says he has reached a ”great place” with his ex-wife.

During an interview with HuffPost Live, he said: ”It’s a feeling out process. I think we’ve gotten to a really great place … It’s going well, and she’s happy and remarried, and our kids are incredible. I’m proud of the way we’ve handled it and who our little people are.”

Ryan – who starred with Reese in the 1999 teen drama ‘Cruel Intentions’ – loves that he can still spend time with the ‘Wild’ actress and their children as a family.

He explained: ”She was just in New York doing press for ‘Gone Girl’ and ‘Wild’ and we got to meet up as a family and took a walk through Central Park with the kids, and it was funny – we were reminiscing then because we shot a lot of ‘Cruel Intentions’ [there], so there we were with Ava and Deacon talking, and they were tripping out on the fact that we were there shooting a movie before they were even a thought in our minds.”

Reese (38) is now married to talent agent Jim Toth and they have a 23-month-old son Tennessee together. Ryan (40) has a three-year-old daughter Kailani with his ex-girlfriend, model-and-actress Alexis Knapp.