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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Income Statement [Abstract]      
Net sales $ 1,126,890us-gaap_SalesRevenueGoodsNet $ 1,166,882us-gaap_SalesRevenueGoodsNet $ 1,273,078us-gaap_SalesRevenueGoodsNet
Cost of sales 920,987us-gaap_CostOfGoodsSold 978,904us-gaap_CostOfGoodsSold 1,074,295us-gaap_CostOfGoodsSold
Gross margin 205,903us-gaap_GrossProfit 187,978us-gaap_GrossProfit 198,783us-gaap_GrossProfit
Selling, general, and administrative expense 137,118us-gaap_SellingGeneralAndAdministrativeExpense 133,253us-gaap_SellingGeneralAndAdministrativeExpense 133,893us-gaap_SellingGeneralAndAdministrativeExpense
Research and development expense 12,850us-gaap_ResearchAndDevelopmentExpense 13,432us-gaap_ResearchAndDevelopmentExpense 12,505us-gaap_ResearchAndDevelopmentExpense
Other — net (1,022)mtrn_OtherNet 14,462mtrn_OtherNet 15,609mtrn_OtherNet
Operating profit 56,957us-gaap_OperatingIncomeLoss 26,831us-gaap_OperatingIncomeLoss 36,776us-gaap_OperatingIncomeLoss
Interest expense — net 2,787mtrn_InterestExpenseNet 3,036mtrn_InterestExpenseNet 3,134mtrn_InterestExpenseNet
Income before income taxes 54,170us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 23,795us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 33,642us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense 12,449us-gaap_IncomeTaxExpenseBenefit 4,088us-gaap_IncomeTaxExpenseBenefit 8,978us-gaap_IncomeTaxExpenseBenefit
Net income $ 41,721us-gaap_NetIncomeLoss $ 19,707us-gaap_NetIncomeLoss $ 24,664us-gaap_NetIncomeLoss
Basic earnings per share:      
Net income per share of common stock (in dollars per share) $ 2.04us-gaap_EarningsPerShareBasic $ 0.96us-gaap_EarningsPerShareBasic $ 1.21us-gaap_EarningsPerShareBasic
Diluted earnings per share:      
Net income per share of common stock (in dollars per share) $ 2.00us-gaap_EarningsPerShareDiluted $ 0.94us-gaap_EarningsPerShareDiluted $ 1.19us-gaap_EarningsPerShareDiluted
Cash dividends per share (in dollars per share) $ 0.335us-gaap_CommonStockDividendsPerShareDeclared $ 0.315us-gaap_CommonStockDividendsPerShareDeclared $ 0.225us-gaap_CommonStockDividendsPerShareDeclared
Weighted-average number of shares of common stock outstanding      
Basic (in shares) 20,461us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 20,571us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 20,418us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 20,810us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 20,895us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 20,679us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding