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Earnings Per Share (EPS) (Tables)
 6 Months Ended
Jun. 30, 2013
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)
 
June 30, 2013
 
 
July 1,
2012
 
 
June 30,
2013
 
 
July 1, 2012
 
 
 
 
 
 
 
 
Income from continuing operations
 
 
 
 
 
 
 
attributable to MTI
 
$
22.0
 
 
$
20.2
 
 
$
41.6
 
 
$
38.8
Loss from discontinued operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
attributable to MTI
 
 
(4.9
)
 
 
(0.5
)
 
 
(5.7
)
 
 
(1.1
)
Net income attributable to MTI
 
$
17.1
 
 
$
19.7
 
 
$
35.9
 
 
$
37.7
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding
 
 
34.8
 
 
 
35.4
 
 
 
34.9
 
 
 
35.4
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per share from continuing operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
attributable to MTI
 
$
0.63
 
 
$
0.57
 
 
$
1.19
 
 
$
1.09
Basic loss per share from discontinued operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
attributable to MTI
 
 
(0.14
)
 
 
(0.01
)
 
 
(0.16
)
 
 
(0.03
)
Basic earnings per share attributable to MTI
 
$
0.49
 
 
$
0.56
 
 
$
1.03
 
 
$
1.06
 
 
 
Three Months Ended
 
Six Months Ended
Diluted EPS
(in millions, except per share data)
 
June 30, 2013
 
 
July 1,
2012
 
 
June 30,
2013
 
 
July 1, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
attributable to MTI
 
$
22.0
 
 
$
20.2
 
 
$
41.6
 
 
$
38.8
Loss from discontinued operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
attributable to MTI
 
 
(4.9
)
 
 
(0.5
)
 
 
(5.7
)
 
 
(1.1
)
Net income attributable to MTI
 
$
17.1
 
 
$
19.7
 
 
$
35.9
 
 
$
37.7
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding
 
 
34.8
 
 
 
35.4
 
 
 
34.9
 
 
 
35.4
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dilutive effect of stock options and stock units
 
 
0.2
 
 
 
0.1
 
 
 
0.2
 
 
 
0.2
Weighted average shares outstanding, adjusted
 
 
35.0
 
 
 
35.5
 
 
 
35.1
 
 
 
35.6
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted earnings per share from continuing operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
attributable to MTI
 
$
0.63
 
 
$
0.57
 
 
$
1.18
 
 
$
1.09
Diluted loss per share from discontinued operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
attributable to MTI
 
 
(0.14
)
 
 
(0.01
)
 
 
(0.16
)
 
 
(0.03
)
Diluted earnings per share attributable to
MTI
 
$
0.49
 
 
$
0.56
 
 
$
1.02
 
 
$
1.06