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Earnings per Share (Tables)
9 Months Ended
Oct. 03, 2021
Earnings per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

 
Three Months Ended
   
Nine Months Ended
 
(in millions, except per share data)
 
Oct. 3,
2021
   
Sep. 27,
2020
   
Oct. 3,
2021
   
Sep. 27,
2020
 
                         
Net income attributable to Minerals Technologies Inc.
 
$
41.4
   
$
28.3
   
$
123.2
   
$
81.3
 
                                 
Weighted average shares outstanding
   
33.5
     
34.1
     
33.7
     
34.2
 
Dilutive effect of stock options and stock units
   
0.3
     
     
0.2
     
 
Weighted average shares outstanding, adjusted
   
33.8
     
34.1
     
33.9
     
34.2
 
                                 
Basic earnings per share attributable to Minerals Technologies Inc.
 
$
1.24
   
$
0.83
   
$
3.66
   
$
2.38
 
                                 
Diluted earnings per share attributable to Minerals Technologies Inc.
 
$
1.22
   
$
0.83
   
$
3.63
   
$
2.38