XML 22 R9.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Earnings Per Share (EPS) | 6 Months Ended
--- | ---
Jul. 01, 2018
Earnings Per Share (EPS) [Abstract] |
Earnings Per Share (EPS) |
Note 4. | Earnings Per Share (EPS)
Basic earnings per share are based upon the weighted average number of common shares outstanding during the period. Diluted earnings per share are based upon the weighted average number of common shares outstanding during the period assuming the issuance of common shares for all potentially dilutive common shares outstanding. 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 |
Options to purchase 357,771 shares and 186,583 shares of common stock for the three-month and six-month periods ended July 1, 2018 and July 2, 2017, respectively, were not included in the computation of diluted earnings per share because they were anti-dilutive, as the exercise prices of the options were greater than the average market price of the common shares.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration