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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 27, 2015
Sep. 28, 2014
Sep. 27, 2015
Sep. 28, 2014
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) [Abstract]        
Product sales $ 410.1 $ 458.1 $ 1,218.8 $ 1,075.0
Service revenue 40.9 85.4 148.8 134.0
Total net sales 451.0 543.5 1,367.6 1,209.0
Cost of goods sold 302.4 337.8 895.8 812.0
Cost of service revenue 29.7 60.7 110.2 94.0
Total cost of sales 332.1 398.5 1,006.0 906.0
Production margin 118.9 145.0 361.6 303.0
Marketing and administrative expenses 47.9 59.7 139.6 127.4
Research and development expenses 6.2 6.6 17.8 18.0
Amortization expense of intangible assets acquired 2.0 1.9 5.8 2.9
Acquisition related transaction and integration costs 2.4 4.2 8.5 16.7
Restructuring and other charges 10.5 5.8 27.3 11.8
Income from operations 49.9 66.8 162.6 126.2
Interest expense, net (14.5) (16.0) (45.5) (25.2)
Extinguishment of debt costs and fees 0.0 0.0 (4.5) (5.8)
Other non-operating income (deductions), net 2.8 0.9 5.7 0.5
Total non-operating deductions, net (11.7) (15.1) (44.3) (30.5)
Income from continuing operations before provision for taxes and equity in earnings 38.2 51.7 118.3 95.7
Provision for taxes on income 8.4 14.4 25.8 24.8
Equity in earnings of affiliates, net of tax 0.5 0.3 1.4 0.6
Income from continuing operations, net of tax 30.3 37.6 93.9 71.5
Income from discontinued operations, net of tax 0.0 0.2 0.0 2.0
Consolidated net income 30.3 37.8 93.9 73.5
Less: Net income attributable to non-controlling interests 1.1 0.8 2.9 2.4
Net income attributable to Minerals Technologies Inc. (MTI) $ 29.2 $ 37.0 $ 91.0 $ 71.1
Basic:        
Income from continuing operations attributable to MTI (in dollars per share) $ 0.84 $ 1.07 $ 2.62 $ 2.00
Income from discontinued operations attributable to MTI (in dollars per share) 0 0 0 0.06
Basic earnings per share attributable to MTI (in dollars per share) 0.84 1.07 2.62 2.06
Diluted:        
Income from continuing operations attributable to MTI (in dollars per share) 0.83 1.06 2.60 1.99
Income from discontinued operations attributable to MTI (in dollars per share) 0 0 0 0.06
Diluted earnings per share attributable to MTI (in dollars per share) 0.83 1.06 2.60 2.05
Cash dividends declared per common share (in dollars per share) $ 0.05 $ 0.05 $ 0.15 $ 0.15
Shares used in computation of earnings per share:        
Basic (in shares) 34.7 34.5 34.7 34.5
Diluted (in shares) 35.0 34.8 35.0 34.8