Earnings Per Share (EPS) (Tables)

3 Months Ended

Mar. 30, 2014

Earnings Per Share (EPS) [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
Basic EPS (in millions, except per share data)		March 30, 2014		March 31, 2013
Income from continuing operations
attributable to MTI		$	15.6	$	19.5
Loss from discontinued operations
attributable to MTI			--		(0.7	)
Net income attributable to MTI		$	15.6	$	18.8
Weighted average shares outstanding			34.4		35.0
		March 30, 2014		March 31, 2013
Basic earnings per share from continuing operations
attributable to MTI		$	0.45	$	0.56
Basic loss per share from discontinued operations
attributable to MTI			--		(0.02	)
Basic earnings per share attributable to MTI		$	0.45	$	0.54

	Three Months Ended
Diluted EPS (in millions, except per share data)		March 30, 2014		March 31, 2013
Income from continuing operations
attributable to MTI		$	15.6	$	19.5
Loss from discontinued operations
attributable to MTI			--		(0.7	)
Net income attributable to MTI		$	15.6	$	18.8
Weighted average shares outstanding			34.4		35.0
Dilutive effect of stock options and stock units			0.3		0.3
Weighted average shares outstanding, adjusted			34.7		35.3
Diluted earnings per share from continuing operations
attributable to MTI		$	0.45	$	0.55
Diluted loss per share from discontinued operations
attributable to MTI			--		(0.02	)
Diluted earnings per share attributable to MTI		$	0.45	$	0.53