Earnings Per Share (EPS) (Tables)

9 Months Ended

Sep. 29, 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					Nine Months Ended
Basic EPS(in millions, except per share data)				Sept. 29, 2013		Sept. 30,2012			Sept. 29,2013			Sept. 30, 2012
Income from continuing operations
	attributable to MTI		$	21.9	$	19.1		$	63.4		$	57.9
Loss from discontinued operations
	attributable to MTI			--		(0.5	)		(5.7	)		(1.5	)
		Net income attributable to MTI	$	21.9	$	18.6		$	57.7		$	56.4
Weighted average shares outstanding				34.6		35.3			34.8			35.4

Basic earnings per share from continuing operations
	attributable to MTI		$	0.63	$	0.54		$	1.82		$	1.64
Basic loss per share from discontinued operations
	attributable to MTI			--		(0.01	)		(0.16	)		(0.04	)
		Basic earnings per share attributable to MTI	$	0.63	$	0.53		$	1.66		$	1.60

			Three Months Ended					Nine Months Ended
Diluted EPS(in millions, except per share data)				Sept. 29, 2013		Sept. 30,2012			Sept. 29,2013			Sept. 30, 2012
Income from continuing operations
	attributable to MTI		$	21.9	$	19.1		$	63.4		$	57.9
Loss from discontinued operations
	attributable to MTI			--		(0.5	)		(5.7	)		(1.5	)
		Net income attributable to MTI	$	21.9	$	18.6		$	57.7		$	56.4
Weighted average shares outstanding				34.6		35.3			34.8			35.4
Dilutive effect of stock options and stock units				0.3		0.2			0.3			0.2
		Weighted average shares outstanding, adjusted		34.9		35.5			35.1			35.6
Diluted earnings per share from continuing operations
	attributable to MTI		$	0.63	$	0.54		$	1.81		$	1.63
Diluted loss per share from discontinued operations
	attributable to MTI			--		(0.01	)		(0.16	)		(0.04	)
		Diluted earnings per share attributable to MTI	$	0.63	$	0.53		$	1.65		$	1.59