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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
 
Year Ended December 31,
 
(in millions, except per share data)
 
2020
   
2019
   
2018
 
Net income attributable to MTI
 
$
112.4
   
$
132.7
   
$
169.0
 
                         
                         
Weighted average shares outstanding
   
34.2
     
35.0
     
35.3
 
Dilutive effect of stock options and stock units
   
—
     
0.1
     
0.3
 
Weighted average shares outstanding, adjusted
   
34.2
     
35.1
     
35.6
 
                         
Basic earnings per share attributable to MTI
 
$
3.29
   
$
3.79
   
$
4.79
 
                         
Diluted earnings per share attributable to MTI
 
$
3.29
   
$
3.78
   
$
4.75