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Non-controlling interests
 9 Months Ended
Sep. 28, 2014
Non-controlling interests [Abstract]  
Noncontrolling interests
Note 14.
Non-controlling interests

The following is a reconciliation of beginning and ending total equity, equity attributable to MTI, and equity attributable to non-controlling interests:
 
  
Equity Attributable to MTI
  
  
 
  
    
  
Accumulated
  
  
  
 
  
Common
  
Additional
Paid-in
  
Retained
  
Other
Comprehensive
  
Treasury
  
Non-controlling
  
 
  
Stock
  
Capital
  
Earnings
  
Income (Loss)
  
Stock
  
Interests
  
Total
 
 
(millions of dollars)
Balance as of December 31, 2013
 
$
4.7
  
$
361.5
  
$
1,106.3
  
$
(31.3
)
 
$
(593.7
)
 
$
$ 26.9
  
$
874.4
 
                             
Net income
  
-
   
-
   
71.1
   
-
   
-
   
2.4
   
73.5
 
Other comprehensive income (loss)
  
-
   
-
   
-
   
(19.0
)
  
-
   
(0.5
)
  
(19.5
)
Dividends declared
  
-
   
-
   
(5.2
)
  
-
   
-
   
-
   
(5.2
)
Dividends to non-controlling interest
  
-
   
-
   
-
   
-
   
-
   
(3.3
)
  
(3.3
)
Purchase of non-controlling interest shares
  
-
   
(2.1
)
  
-
   
-
   
-
   
-
   
(2.1
)
Issuance of shares pursuant to employee stock compensation plans
  
0.1
   
2.8
   
-
   
-
   
-
   
-
   
2.9
 
Income tax benefit arising from employee stock compensation plans
  
-
   
1.2
   
-
   
-
   
-
   
-
   
1.2
 
Stock based compensation
  
-
   
3.8
   
-
   
-
   
-
   
-
   
3.8
 
Balance as of September 28, 2014
 
$
4.8
  
$
367.2
  
$
1,172.2
  
$
(50.3
)
 
$
(593.7
)
 
$
25.5
  
$
925.7
 
 
The income attributable to non-controlling interests for the nine-month periods ended September 28, 2014 and September 29, 2013 was from continuing operations. The remainder of income was attributable to MTI.

In May 2014, the Company acquired the remaining 20% non-controlling interest in CETCO Lining Technologies India Pvt. Ltd. (“CETCO India)”, a part of our Construction Technologies operations for $2.0 million. The following table sets forth the effects of this transaction on equity attributable to MTI shareholders:

  
Three Months Ended
  
Nine Months Ended
 
  
Sept. 28, 2014
  
Sept. 29, 2013
  
Sept. 28, 2014
  
Sept. 29, 2013
 
 
(millions of dollars)
 
Net income attributable to MTI
 
$
37.0
  
$
21.9
  
$
71.1
  
$
57.7
 
Transfer from non-controlling interest:
                
Decrease in additional paid-in capital for purchase of the remaining non-controlling interest in CETCO India
  
-
   
-
   
(2.1
)
  
-
 
                 
Change from net income attributable to MTI and transfers from non-controlling interest
 
$
37.0
  
$
21.9
  
$
69.0
  
$
57.7