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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
 
Year Ended December 31,
 
(in millions, except per share data)
 
2020
   
2019
   
2018
 
Net income attributable to MTI
 
$
112.4
   
$
132.7
   
$
169.0
 
                         
                         
Weighted average shares outstanding
   
34.2
     
35.0
     
35.3
 
Dilutive effect of stock options and stock units
   
     
0.1
     
0.3
 
Weighted average shares outstanding, adjusted
   
34.2
     
35.1
     
35.6
 
                         
Basic earnings per share attributable to MTI
 
$
3.29
   
$
3.79
   
$
4.79
 
                         
Diluted earnings per share attributable to MTI
 
$
3.29
   
$
3.78
   
$
4.75