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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 03, 2016
Mar. 29, 2015
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) [Abstract]    
Product sales $ 384.4 $ 394.7
Service revenue 25.8 58.6
Total net sales 410.2 453.3
Cost of goods sold 277.6 292.9
Cost of service revenue 19.9 43.8
Total cost of sales 297.5 336.7
Production margin 112.7 116.6
Marketing and administrative expenses 46.7 47.4
Research and development expenses 5.9 5.9
Acquisition related transaction and integration costs 1.6 3.4
Restructuring and other charges 0.9 0.0
Income from operations 57.6 59.9
Interest expense, net (14.1) (15.4)
Other non-operating income (deductions), net 1.7 3.2
Total non-operating deductions, net (12.4) (12.2)
Income before provision for taxes and equity in earnings 45.2 47.7
Provision for taxes on income 10.7 12.1
Equity in earnings of affiliates, net of tax 0.3 0.4
Consolidated net income 34.8 36.0
Less: Net income attributable to non-controlling interests 0.9 0.9
Net income attributable to Minerals Technologies Inc. (MTI) $ 33.9 $ 35.1
Earnings per share:    
Basic earnings per share attributable to MTI (in dollars per share) $ 0.97 $ 1.01
Diluted earnings per share attributable to MTI (in dollars per share) 0.97 1.01
Cash dividends declared per common share (in dollars per share) $ 0.05 $ 0.05
Shares used in computation of earnings per share:    
Basic (in shares) 34.8 34.7
Diluted (in shares) 34.9 34.9