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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
 
Year Ended December 31,
 
(in millions, except per share data)
 
2022
   
2021
   
2020
 
Net income attributable to MTI
 
$
122.2
   
$
164.4
   
$
112.4
 
                         
                         
Weighted average shares outstanding
   
32.7
     
33.6
     
34.2
 
Dilutive effect of stock options and deferred restricted stock units
   
0.1
     
0.2
     
 
Weighted average shares outstanding, adjusted
   
32.8
     
33.8
     
34.2
 
                         
Basic earnings per share attributable to MTI
 
$
3.74
   
$
4.89
   
$
3.29
 
                         
Diluted earnings per share attributable to MTI
 
$
3.73
   
$
4.86
   
$
3.29