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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 02, 2017
Jul. 03, 2016
Jul. 02, 2017
Jul. 03, 2016
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) [Abstract]        
Product sales $ 396.2 $ 407.0 $ 782.5 $ 791.4
Service revenue 17.9 20.0 36.6 45.8
Total net sales 414.1 427.0 819.1 837.2
Cost of goods sold 282.7 291.2 561.7 568.8
Cost of service revenue 11.7 14.7 24.0 34.6
Total cost of sales 294.4 305.9 585.7 603.4
Production margin 119.7 121.1 233.4 233.8
Marketing and administrative expenses 44.1 45.1 88.5 91.8
Research and development expenses 6.1 6.1 11.9 12.0
Acquisition related transaction and integration costs 0.8 1.6 2.3 3.2
Restructuring and other changes, net 0.2 28.8 0.5 29.7
Income from operations 68.5 39.5 130.2 97.1
Interest expense, net (10.2) (13.9) (22.0) (28.0)
Debt modification costs and fees 0.0 0.0 (3.9) 0.0
Other non-operating income (deductions), net (1.2) 0.6 (1.7) 2.3
Total non-operating deductions, net (11.4) (13.3) (27.6) (25.7)
Income from continuing operations before provision for taxes and equity in earnings 57.1 26.2 102.6 71.4
Provision for taxes on income 13.4 4.5 23.5 15.2
Equity in earnings of affiliates, net of tax 0.1 0.6 0.3 0.9
Consolidated net income 43.8 22.3 79.4 57.1
Less: Net income attributable to non-controlling interests 0.8 1.1 1.8 2.0
Net income attributable to Minerals Technologies Inc. (MTI) $ 43.0 $ 21.2 $ 77.6 $ 55.1
Basic:        
Income from continuing operations attributable to MTI (in dollars per share) $ 1.23 $ 0.61 $ 2.21 $ 1.58
Diluted:        
Income from continuing operations attributable to MTI (in dollars per share) 1.21 0.60 2.18 1.57
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) 35.1 34.8 35.1 34.8
Diluted (in shares) 35.6 35.1 35.6 35.0