Earnings Per Share (EPS) (Tables)

9 Months Ended

Sep. 28, 2014

Earnings Per Share (EPS) [Abstract]

Schedule 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
	Sept. 28,		Sept. 29,		Sept. 28,		Sept. 29,
	2014		2013		2014		2013
	(in millions, except per share data)
Basic EPS
Amounts attributable to MTI
Income from continuing operations	$	36.8	$	21.9	$	69.1	$	63.4
Income (loss) from discontinued operations		0.2		-		2.0		(5.7	)
Net income	$	37.0	$	21.9	$	71.1	$	57.7
Weighted average shares outstanding		34.5		34.6		34.5		34.8
Earnings (Loss) per share attributable to MTI
Continuing operations	$	1.07	$	0.63	$	2.00	$	1.82
Discontinued operations		-		-		0.06		(0.16	)
Net income	$	1.07	$	0.63	$	2.06	$	1.66
Diluted EPS
Amounts attributable to MTI
Income from continuing operations	$	36.8	$	21.9	$	69.1	$	63.4
Income (loss) from discontinued operations		0.2		-		2.0		(5.7	)
Net income	$	37.0	$	21.9	$	71.1	$	57.7
Weighted average shares outstanding		34.5		34.6		34.5		34.8
Dilutive effect of stock options and stock units		0.3		0.3		0.3		0.3
Weighted average shares outstanding, adjusted		34.8		34.9		34.8		35.1
Earnings (Loss) per share attributable to MTI
Continuing operations	$	1.06	$	0.63	$	1.99	$	1.81
Discontinued operations		-		-		0.06		(0.16	)
Net income	$	1.06	$	0.63	$	2.05	$	1.65