Earnings Per Share (EPS) (Tables)

6 Months Ended

Jul. 03, 2016

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
	July 3, 2016		June 28, 2015		July 3, 2016		June 28, 2015
	(in millions, except per share data)
Net income attributable to MTI	$	21.2	$	26.6	$	55.1	$	61.7
Weighted average shares outstanding		34.8		34.7		34.8		34.7
Dilutive effect of stock options and stock units		0.3		0.3		0.2		0.3
Weighted average shares outstanding, adjusted		35.1		35.0		35.0		35.0
Basic earnings per share attributable to MTI	$	0.61	$	0.77	$	1.58	$	1.78
Diluted earnings per share attributable to MTI	$	0.60	$	0.76	$	1.57	$	1.76