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Quarterly Financial Data (unaudited) (Tables)
12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
Millions of Dollars, Except Per Share Amounts

2013 Quarters
 
 
First
 
 
 
Second
 
 
 
Third
 
 
 
Fourth
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Sales by Major Product Line
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PCC                                                                        
 
$
137.2
 
 
$
135.6
 
 
$
135.9
 
 
$
138.3
 
 
Processed Minerals                                                                        
 
 
29.6
 
 
 
32.7
 
 
 
31.5
 
 
 
28.8
 
 
Specialty Minerals Segment  
 
 
166.8
 
 
 
168.3
 
 
 
167.4
 
 
 
167.1
 
 
Refractories Segment  
 
 
83.6
 
 
 
88.5
 
 
 
86.8
 
 
 
89.5
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales                                                                            
 
 
250.4
 
 
 
256.8
 
 
 
254.2
 
 
 
256.6
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross profit                                                                            
 
 
56.0
 
 
 
58.8
 
 
 
59.9
 
 
 
59.0
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from operations                                                                            
 
 
28.2
 
 
 
32.4
 
 
 
32.8
 
 
 
33.5
 
Income from continuing operations                                                                            
 
 
20.3
 
 
 
22.7
 
 
 
22.6
 
 
 
23.6
 
Loss from discontinued operations
 
 
(0.7
)
 
 
(5.0
)
 
 
--
 
 
 
--
 
 
Net income attributable to MTI…..
 
$
18.7
 
 
$
17.1
 
 
$
21.9
 
 
$
22.6
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Basic EPS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations attributable to MTI
 
$
0.56
 
 
$
0.63
 
 
$
0.63
 
 
$
0.66
 
Loss from discontinued operations attributable to MTI
 
$
(0.02
)
 
$
(0.14
)
 
$
--
 
 
$
--
 
Net Income attributable to MTI common shareholders
 
$
0.54
 
 
$
0.49
 
 
$
0.63
 
 
$
0.66
 

Diluted EPS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations attributable to MTI
 
$
0.55
 
 
$
0.63
 
 
$
0.63
 
 
$
0.65
 
Loss from discontinued operations attributable to MTI  
 
$
(0.02
)
 
$
(0.14
)
 
$
--
 
 
$
--
 
Net Income attributable to MTI common shareholders
 
$
0.53
 
 
$
0.49
 
 
$
0.63
 
 
$
0.65
 
 
Market price range per share of common stock:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
High  
 
$
43.04
 
 
$
43.12
 
 
$
49.03
 
 
$
60.40
 
 
Low  
 
$
39.54
 
 
$
38.43
 
 
$
42.53
 
 
$
49.28
 
 
Close  
 
$
41.51
 
 
$
41.34
 
 
$
48.95
 
 
$
60.07
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividends paid per common share                                                                            
 
$
0.05
 
 
$
0.05
 
 
$
0.05
 
 
$
0.05
 

2012 Quarters
 
 
First
 
 
 
Second
 
 
 
Third
 
 
 
Fourth
 
Net Sales by Major Product Line
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PCC                                                                        
 
$
135.5
 
 
$
133.7
 
 
$
134.5
 
 
$
133.7
 
 
Processed Minerals                                                                        
 
 
29.6
 
 
 
31.8
 
 
 
28.6
 
 
 
26.0
 
 
Specialty Minerals Segment  
 
 
165.1
 
 
 
165.5
 
 
 
163.1
 
 
 
159.7
 
 
Refractories Segment  
 
 
89.4
 
 
 
85.9
 
 
 
84.7
 
 
 
83.4
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales                                                                            
 
 
254.5
 
 
 
251.4
 
 
 
247.8
 
 
 
243.1
 
Gross profit                                                                            
 
 
55.6
 
 
 
56.8
 
 
 
55.6
 
 
 
54.3
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from operations
 
 
27.9
 
 
 
30.1
 
 
 
28.6
 
 
 
27.0
 
Income from continuing operations                                   
 
 
19.2
 
 
 
20.7
 
 
 
19.7
 
 
 
19.1
 
Loss from discontinued operations
 
 
(0.6
)
 
 
(0.5
)
 
 
(0.5
)
 
 
(0.9
)
 
Net income attributable to MTI  
 
$
18.0
 
 
$
19.7
 
 
$
18.6
 
 
$
17.7
 
                 

Basic EPS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations attributable to MTI
 
$
0.53
 
 
$
0.57
 
 
$
0.54
 
 
$
0.53
 
Loss from discontinued operations attributable to MTI
 
$
(0.02
)
 
$
(0.01
)
 
$
(0.01
)
 
$
(0.03
)
Net Income attributable to MTI common shareholders
 
$
0.51
 
 
$
0.56
 
 
$
0.53
 
 
$
0.50
 

Diluted EPS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations attributable to MTI
 
$
0.53
 
 
$
0.57
 
 
$
0.54
 
 
$
0.53
 
Loss from discontinued operations attributable to MTI
 
$
(0.02
)
 
$
(0.01
)
 
$
(0.01
)
 
$
(0.03
)
Net Income attributable to MTI common shareholders
 
$
0.51
 
 
$
0.56
 
 
$
0.53
 
 
$
0.50
 

Market price range per share of common stock:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
High
 
$
33.96
 
 
$
33.60
 
 
$
36.99
 
 
$
39.92
 
 
Low
 
$
28.78
 
 
$
30.81
 
 
$
30.50
 
 
$
34.25
 
 
Close
 
$
32.70
 
 
$
31.89
 
 
$
35.46
 
 
$
39.92
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividends paid per common share
 
$
0.025
 
 
$
0.025
 
 
$
0.025
 
 
$
0.05