Earnings Per Share (EPS) (Tables)

12 Months Ended

Dec. 31, 2016

Earnings Per Share (EPS) [Abstract]

Schedule of basic and diluted earnings per share

	Year Ended December 31,
	2016		2015		2014
	(in millions, except per share data)
Basic EPS
Amounts attributable to MTI
Income from continuing operations	$	133.4	$	107.9	$	90.3
Income from discontinued operations		-		-		2.1
Net income	$	133.4	$	107.9	$	92.4
Weighted average shares outstanding		34.9		34.7		34.5
Earnings per share attributable to MTI
Continuing operations	$	3.82	$	3.11	$	2.62
Discontinued operations		-		-		0.06
Net income	$	3.82	$	3.11	$	2.68
Diluted EPS
Amounts attributable to MTI
Income from continuing operations	$	133.4	$	107.9	$	90.3
Income from discontinued operations		-		-		2.1
Net income	$	133.4	$	107.9	$	92.4
Weighted average shares outstanding		34.9		34.7		34.5
Dilutive effect of stock options and stock units		0.3		0.3		0.3
Weighted average shares outstanding, adjusted		35.2		35.0		34.8
Earnings per share attributable to MTI
Continuing operations	$	3.79	$	3.08	$	2.59
Discontinued operations		-		-		0.06
Net income	$	3.79	$	3.08	$	2.65