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Earnings per Share (Tables)
9 Months Ended
Oct. 02, 2022
Earnings per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

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

 
Three Months Ended
   
Nine Months Ended
 
(in millions, except per share data)
 
Oct. 2,
2022
   
Oct. 3,
2021
   
Oct. 2,
2022
   
Oct. 3,
2021
 
                         
Net income attributable to Minerals Technologies Inc.
 
$
13.4
   
$
41.4
   
$
102.4
   
$
123.2
 
                                 
Weighted average shares outstanding
   
32.5
     
33.5
     
32.8
     
33.7
 
Dilutive effect of stock options and stock units
   
0.1
     
0.3
     
0.1
     
0.2
 
Weighted average shares outstanding, adjusted
   
32.6
     
33.8
     
32.9
     
33.9
 
                                 
Basic earnings per share attributable to Minerals Technologies Inc.
 
$
0.41
   
$
1.24
   
$
3.12
   
$
3.66
 
                                 
Diluted earnings per share attributable to Minerals Technologies Inc.
 
$
0.41
   
$
1.22
   
$
3.11
   
$
3.63