Earnings Per Share (EPS) (Tables)

6 Months Ended

Jun. 28, 2015

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				Six Months Ended
	June 28, 2015		June 29, 2014		June 28, 2015		June 29, 2014
	(in millions, except per share data)
Basic EPS
Amounts attributable to MTI
Income from continuing operations	$	26.6	$	16.7	$	61.7	$	32.3
Income from discontinued operations		-		1.8		-		1.8
Net income	$	26.6	$	18.5	$	61.7	$	34.1
Weighted average shares outstanding		34.7		34.5		34.7		34.5
Earnings per share attributable to MTI
Continuing operations	$	0.77	$	0.48	$	1.78	$	0.94
Discontinued operations		-		0.05		-		0.05
Net income	$	0.77	$	0.53	$	1.78	$	0.99
Diluted EPS
Amounts attributable to MTI
Income from continuing operations	$	26.6	$	16.7	$	61.7	$	32.3
Income  from discontinued operations		-		1.8		-		1.8
Net income	$	26.6	$	18.5	$	61.7	$	34.1
Weighted average shares outstanding		34.7		34.5		34.7		34.5
Dilutive effect of stock options and stock units		0.3		0.3		0.3		0.2
Weighted average shares outstanding, adjusted		35.0		34.8		35.0		34.7
Earnings  per share attributable to MTI
Continuing operations	$	0.76	$	0.48	$	1.76	$	0.93
Discontinued operations		-		0.05		-		0.05
Net income	$	0.76	$	0.53	$	1.76	$	0.98