Earnings Per Share (EPS) (Tables)

6 Months Ended

Jul. 01, 2018

Earnings Per Share (EPS) [Abstract]

Computation 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 1, 2018		July 2, 2017		July 1, 2018		July 2, 2017
	(in millions, except per share data)
Net income attributable to MTI	$	44.1	$	43.0	$	84.0	$	77.6
Weighted average shares outstanding		35.3		35.1		35.4		35.1
Dilutive effect of stock options and stock units		0.3		0.5		0.2		0.5
Weighted average shares outstanding, adjusted		35.6		35.6		35.6		35.6
Basic earnings per share attributable to MTI	$	1.25	$	1.23	$	2.37	$	2.21
Diluted earnings per share attributable to MTI	$	1.24	$	1.21	$	2.36	$	2.18