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Non-controlling interests
3 Months Ended
Apr. 03, 2016
Non-controlling interests [Abstract]  
Non-controlling interests
Note 12.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
    
  
 
 
Common
Stock
  
 
Additional
Paid-in
Capital
  
 
 
Retained
Earnings
  
Accumulated
Other
Comprehensive
Income (Loss)
  
 
 
Treasury
Stock
  
 
 
Non-controlling
Interests
  
 
 
 
Total
 
  
(millions of dollars)
 
Balance as of December 31, 2015
 
$
4.8
  
$
387.6
  
$
1,292.7
  
$
(180.9
)
 
$
(593.7
)
 
$
27.2
  
$
937.7
 
                             
Net income
  
-
   
-
   
33.9
   
-
   
-
   
0.9
   
34.8
 
Other comprehensive income (loss)
  
-
   
-
   
-
   
11.0
   
-
   
0.2
   
11.2
 
Dividends declared
  
-
   
-
   
(1.7
)
  
-
   
-
   
-
   
(1.7
)
Dividends to non-controlling interest
  
-
   
-
   
-
   
-
   
-
   
(0.1
)
  
(0.1
)
Purchase of treasury stock
  
-
   
-
   
-
   
-
   
(2.3
)
  
-
   
(2.3
)
Issuance of shares pursuant to employee stock compensation plans
  
-
   
0.5
   
-
   
-
   
-
   
-
   
0.5
 
Income tax benefit arising from employee stock compensation plans
  
-
   
(0.6
)
  
-
   
-
   
-
   
-
   
(0.6
)
Stock based compensation
  
-
   
(0.1
)
  
-
   
-
   
-
   
-
   
(0.1
)
Balance as of April 3, 2016
 
$
4.8
  
$
387.4
  
$
1,324.9
  
$
(169.9
)
 
$
(596.0
)
 
$
28.2
  
$
979.4
 

The income attributable to non-controlling interests for the three-month periods ended April 3, 2016 and March 29, 2015 was from continuing operations.  The remainder of income was attributable to MTI.