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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 03, 2016
Jun. 28, 2015
Jul. 03, 2016
Jun. 28, 2015
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) [Abstract]        
Product sales $ 407.0 $ 414.1 $ 791.4 $ 808.8
Service revenue 20.0 49.3 45.8 107.9
Total net sales 427.0 463.4 837.2 916.7
Cost of goods sold 291.2 300.6 568.8 593.5
Cost of service revenue 14.7 36.6 34.6 80.4
Total cost of sales 305.9 337.2 603.4 673.9
Production margin 121.1 126.2 233.8 242.8
Marketing and administrative expenses 45.1 48.1 91.8 95.5
Research and development expenses 6.1 5.8 12.0 11.7
Acquisition related transaction and integration costs 1.6 2.7 3.2 6.1
Restructuring and other charges 28.8 16.8 29.7 16.8
Income from operations 39.5 52.8 97.1 112.7
Interest expense, net (13.9) (15.8) (28.0) (31.2)
Extinguishment of debt costs and fees 0.0 (4.5) 0.0 (4.5)
Other non-operating income (deductions), net 0.6 (0.2) 2.3 3.0
Total non-operating deductions, net (13.3) (20.5) (25.7) (32.7)
Income from continuing operations before provision for taxes and equity in earnings 26.2 32.3 71.4 80.0
Provision for taxes on income 4.5 5.3 15.2 17.4
Equity in earnings of affiliates, net of tax 0.6 0.5 0.9 0.9
Consolidated net income 22.3 27.5 57.1 63.5
Less: Net income attributable to non-controlling interests 1.1 0.9 2.0 1.8
Net income attributable to Minerals Technologies Inc. (MTI) $ 21.2 $ 26.6 $ 55.1 $ 61.7
Basic:        
Income from continuing operations attributable to MTI (in dollars per share) $ 0.61 $ 0.77 $ 1.58 $ 1.78
Diluted:        
Income from continuing operations attributable to MTI (in dollars per share) 0.60 0.76 1.57 1.76
Cash dividends declared per common share (in dollars per share) $ 0.05 $ 0.05 $ 0.10 $ 0.10
Shares used in computation of earnings per share:        
Basic (in shares) 34.8 34.7 34.8 34.7
Diluted (in shares) 35.1 35.0 35.0 35.0