Ryan Phillippe

Ryan Phillippe

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.