XML 26 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jul. 03, 2011
Jul. 04, 2010
Jul. 03, 2011
Jul. 04, 2010
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]        
Net sales $ 268,399 $ 255,770 $ 530,919 $ 509,227
Cost of goods sold 214,725 200,725 424,303 402,814
Production margin 53,674 55,045 106,616 106,413
Marketing and administrative expenses 23,710 22,592 46,839 44,932
Research and development expenses 4,897 4,928 9,766 10,052
Restructuring and other costs 0 13 230 865
Income from operations 25,067 27,512 49,781 50,564
Non-operating income (deductions), net (799) 535 (1,636) 486
Income from continuing operations before provision for taxes 24,268 28,047 48,145 51,050
Provision for taxes on income 7,112 8,414 14,299 15,315
Consolidated net income 17,156 19,633 33,846 35,735
Less: Net income attributable to non-controlling interests 743 674 1,652 1,407
Net income attribute to Minerals Technologies Inc. (MTI) $ 16,413 $ 18,959 $ 32,194 $ 34,328
Earnings per share:        
Basic $ 0.90 $ 1.01 $ 1.77 $ 1.83
Diluted $ 0.90 $ 1.01 $ 1.75 $ 1.83
Cash dividends declared per common share $ 0.05 $ 0.05 $ 0.10 $ 0.10
Shares used in computation of earnings per share:        
Basic 18,177 18,700 18,227 18,734
Diluted 18,290 18,749 18,353 18,793