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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 04, 2021
Mar. 29, 2020
Statements of Income [Abstract]    
Net sales $ 452.6 $ 417.5
Cost of goods sold 340.8 310.7
Production margin 111.8 106.8
Marketing and administrative expenses 48.0 43.4
Research and development expenses 5.0 5.1
Litigation expenses 0.0 0.6
Income from operations 58.8 57.7
Interest expense, net (9.9) (9.3)
Other non-operating income, net 0.5 0.6
Total non-operating deductions, net (9.4) (8.7)
Income from operations before tax and equity in earnings 49.4 49.0
Provision for taxes on income 8.9 9.7
Equity in earnings of affiliates, net of tax 0.5 0.3
Consolidated net income 41.0 39.6
Less: Net income attributable to non-controlling interests 1.1 1.0
Net income attributable to Minerals Technologies Inc. $ 39.9 $ 38.6
Basic:    
Income from operations attributable to Minerals Technologies Inc. (in dollars per share) $ 1.18 $ 1.12
Diluted:    
Income from operations attributable to Minerals Technologies Inc. (in dollars per share) 1.17 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) 33.8 34.4
Diluted (in shares) 34.0 34.4