Earnings Per Share (EPS) (Tables)

6 Months Ended

Jul. 01, 2012

Earnings Per Share [Abstract]

Schedule of basic and diluted earnings per share

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended				Six Months Ended
Basic EPS (in millions, except per share data)		July 1, 2012		July 3, 2011		July 1, 2012		July 3, 2011
Net income attributable to MTI	$	19.7	$	16.4	$	37.7	$	32.2
Weighted average shares outstanding		17.7		18.2		17.7		18.2
Basic earnings per share attributable to MTI	$	1.11	$	0.90	$	2.13	$	1.77

		Three Months Ended				Six Months Ended
Diluted EPS (in millions, except per share data)			July 1, 2012		July 3, 2011		July 1, 2012		July 3, 2011
Net income attributable to MTI		$	19.7	$	16.4	$	37.7	$	32.2
Weighted average shares outstanding			17.7		18.2		17.7		18.2
Dilutive effect of stock options and stock units			0.1		0.1		0.1		0.2
	Weighted average shares outstanding, adjusted		17.8		18.3		17.8		18.4
Diluted earnings  per share attributable to MTI		$	1.11	$	0.90	$	2.12	$	1.75