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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 02, 2017
Apr. 03, 2016
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) [Abstract]    
Product sales $ 386.3 $ 384.4
Service revenue 18.7 25.8
Total net sales 405.0 410.2
Cost of goods sold 279.0 277.6
Cost of service revenue 12.3 19.9
Total cost of sales 291.3 297.5
Production margin 113.7 112.7
Marketing and administrative expenses 44.4 46.7
Research and development expenses 5.8 5.9
Acquisition related transaction and integration costs 1.5 1.6
Restructuring charges 0.3 0.9
Income from operations 61.7 57.6
Interest expense, net (11.8) (14.1)
Debt modification costs and fees (3.9) 0.0
Other non-operating income (deductions), net (0.5) 1.7
Total non-operating deductions, net (16.2) (12.4)
Income before provision for taxes and equity in earnings 45.5 45.2
Provision for taxes on income 10.1 10.7
Equity in earnings of affiliates, net of tax 0.2 0.3
Consolidated net income 35.6 34.8
Less: Net income attributable to non-controlling interests 1.0 0.9
Net income attributable to Minerals Technologies Inc. (MTI) $ 34.6 $ 33.9
Earnings per share:    
Basic earnings per share attributable to MTI (in dollars per share) $ 0.99 $ 0.97
Diluted earnings per share attributable to MTI (in dollars per share) 0.97 0.97
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) 35.0 34.8
Diluted (in shares) 35.6 34.9