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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 01, 2017
Oct. 02, 2016
Oct. 01, 2017
Oct. 02, 2016
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) [Abstract]        
Product sales $ 405.4 $ 379.7 $ 1,187.9 $ 1,171.1
Service revenue 19.0 19.8 55.6 65.6
Total net sales 424.4 399.5 1,243.5 1,236.7
Cost of goods sold 293.0 272.0 854.7 840.8
Cost of service revenue 12.2 12.3 36.2 46.9
Total cost of sales 305.2 284.3 890.9 887.7
Production margin 119.2 115.2 352.6 349.0
Marketing and administrative expenses 45.6 42.4 134.1 134.2
Research and development expenses 5.9 5.9 17.8 17.9
Acquisition related transaction and integration costs 0.5 1.9 2.8 5.1
Restructuring and other items, net 0.4 (2.3) 0.9 27.4
Income from operations 66.8 67.3 197.0 164.4
Interest expense, net (10.5) (13.4) (32.5) (41.4)
Debt modification costs and fees 0.0 0.0 (3.9) 0.0
Other non-operating income (deductions), net (1.7) (0.6) (3.4) 1.7
Total non-operating deductions, net (12.2) (14.0) (39.8) (39.7)
Income from continuing operations before provision for taxes and equity in earnings 54.6 53.3 157.2 124.7
Provision for taxes on income 12.1 11.5 35.6 26.7
Equity in earnings of affiliates, net of tax 0.4 0.7 0.7 1.6
Consolidated net income 42.9 42.5 122.3 99.6
Less: Net income attributable to non-controlling interests 1.2 0.9 3.0 2.9
Net income attributable to Minerals Technologies Inc. (MTI) $ 41.7 $ 41.6 $ 119.3 $ 96.7
Basic:        
Income from continuing operations attributable to MTI (in dollars per share) $ 1.18 $ 1.19 $ 3.40 $ 2.78
Diluted:        
Income from continuing operations attributable to MTI (in dollars per share) 1.17 1.18 3.35 2.75
Cash dividends declared per common share (in dollars per share) $ 0.05 $ 0.05 $ 0.15 $ 0.15
Shares used in computation of earnings per share:        
Basic (in shares) 35.3 34.9 35.1 34.8
Diluted (in shares) 35.6 35.3 35.6 35.1