Earnings Per Share (EPS) (Tables)

3 Months Ended

Apr. 01, 2012

Earnings Per Share [Abstract]

Schedule of basic and diluted earnings per share

The following table sets forth the computation of basic and diluted earnings per share:

		Three Months Ended
Basic EPS (in millions, except per share data)			April 1, 2012		April 3, 2011
	Net income attributable to MTI	$	18.0	$	15.8
Weighted average shares outstanding			17.7		18.3
Basic earnings per share attributable to MTI		$	1.02	$	0.86

		Three Months Ended
Diluted EPS (in millions, except per share data)			April 1, 2012		April 3, 2011
	Net income attributable to MTI	$	18.0	$	15.8
Weighted average shares outstanding			17.7		18.3
Dilutive effect of stock options and stock units			0.1		0.1
Weighted average shares outstanding , adjusted		$	17.8	$	18.4
Diluted earnings per share attributable to MTI		$	1.01	$	0.86