XML 15 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 04, 2021
Jun. 28, 2020
Jul. 04, 2021
Jun. 28, 2020
Statements of Income [Abstract]        
Net sales $ 455.6 $ 357.2 $ 908.2 $ 774.7
Cost of goods sold 340.2 268.3 681.0 579.0
Production margin 115.4 88.9 227.2 195.7
Marketing and administrative expenses 46.4 41.8 94.4 85.2
Research and development expenses 4.9 5.1 9.9 10.2
Acquisition-related expenses 0.4 0.0 0.4 0.0
Litigation expenses 0.0 8.3 0.0 8.9
Restructuring and other items, net 0.0 6.5 0.0 6.5
Income from operations 63.7 27.2 122.5 84.9
Interest expense, net (9.1) (8.1) (19.0) (17.4)
Non-cash pension settlement charge (2.2) (4.3) (2.2) (4.3)
Other non-operating income (deductions), net (0.1) (0.2) 0.4 0.4
Total non-operating deductions, net (11.4) (12.6) (20.8) (21.3)
Income from operations before tax and equity in earnings 52.3 14.6 101.7 63.6
Provision for taxes on income 9.8 0.9 18.7 10.6
Equity in earnings of affiliates, net of tax 0.5 1.2 1.0 1.5
Consolidated net income 43.0 14.9 84.0 54.5
Less: Net income attributable to non-controlling interests 1.1 0.5 2.2 1.5
Net income attributable to Minerals Technologies Inc. $ 41.9 $ 14.4 $ 81.8 $ 53.0
Basic:        
Income from operations attributable to Minerals Technologies Inc. (in dollars per share) $ 1.24 $ 0.42 $ 2.42 $ 1.55
Diluted:        
Income from operations attributable to Minerals Technologies Inc. (in dollars per share) 1.23 0.42 2.41 1.55
Cash dividends declared per common share (in dollars per share) $ 0.05 $ 0.05 $ 0.10 $ 0.10
Shares used in computation of earnings per share:        
Basic (in shares) 33.7 34.1 33.8 34.2
Diluted (in shares) 34.1 34.1 34.0 34.3