XML 15 R2.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Apr. 01, 2018
Statements of Income [Abstract]    
Total net sales $ 437.7 $ 431.3
Total cost of sales 328.0 317.8
Production margin 109.7 113.5
Marketing and administrative expenses 42.9 44.4
Research and development expenses 4.8 6.1
Acquisition related transaction and integration costs 0.0 0.4
Income from operations 62.0 62.6
Interest expense, net (11.4) (10.7)
Other non-operating deductions, net (1.4) (2.7)
Total non-operating deductions, net (12.8) (13.4)
Income from operations before tax and equity in earnings 49.2 49.2
Provision for taxes on income 9.3 9.3
Equity in earnings of affiliates, net of tax 0.1 1.2
Consolidated net income 40.0 41.1
Less: Net income attributable to non-controlling interests 0.9 1.2
Net income attributable to Minerals Technologies Inc. $ 39.1 $ 39.9
Basic:    
Income from operations attributable to Minerals Technologies Inc. (in dollars per share) $ 1.11 $ 1.13
Diluted:    
Income from operations attributable to Minerals Technologies Inc. (in dollars per share) 1.11 1.12
Cash dividends declared per common share (in dollars per share) $ 0.05 $ 0.05
Shares used in computation of earnings per share:    
Basic (in shares) 35.2 35.4
Diluted (in shares) 35.3 35.7
Product [Member]    
Statements of Income [Abstract]    
Total net sales $ 417.4 $ 412.2
Total cost of sales 314.0 305.0
Service [Member]    
Statements of Income [Abstract]    
Total net sales 20.3 19.1
Total cost of sales $ 14.0 $ 12.8