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Earnings Per Share (EPS)
 12 Months Ended
Dec. 31, 2015
Earnings Per Share (EPS) [Abstract]  
Earnings Per Share (EPS)
Note 5.Earnings Per Share (EPS)

  
Year Ended December 31,
 
  
2015
  
2014
  
2013
 
  
(in millions, except per share data)
 
Basic EPS
 
  
  
 
Amounts attributable to MTI
 
  
  
 
Income from continuing operations
 
$
107.9
  
$
90.3
  
$
86.1
 
Income (loss) from discontinued operations
  
-
   
2.1
   
(5.8
)
Net income
 
$
107.9
  
$
92.4
  
$
80.3
 
             
Weighted average shares outstanding
  
34.7
   
34.5
   
34.7
 
             
Earnings (Loss) per share attributable to MTI
            
Continuing operations
 
$
3.11
  
$
2.62
  
$
2.48
 
Discontinued operations
  
-
   
0.06
   
(0.17
)
Net income
 
$
3.11
  
$
2.68
  
$
2.31
 
             
Diluted EPS
            
Amounts attributable to MTI
            
Income from continuing operations
 
$
107.9
  
$
90.3
  
$
86.1
 
Income (loss) from discontinued operations
  
-
   
2.1
   
(5.8
)
Net income
 
$
107.9
  
$
92.4
  
$
80.3
 
             
Weighted average shares outstanding
  
34.7
   
34.5
   
34.7
 
Dilutive effect of stock options and stock units
  
0.3
   
0.3
   
0.3
 
Weighted average shares outstanding, adjusted
  
35.0
   
34.8
   
35.0
 
             
Earnings (Loss) per share attributable to MTI
            
Continuing operations
 
$
3.08
  
$
2.59
  
$
2.46
 
Discontinued operations
  
-
   
0.06
   
(0.16
)
Net income
 
$
3.08
  
$
2.65
  
$
2.30
 

Options to purchase 386,766 shares and 12,888 shares of common stock for the years ended December 31, 2015 and December 31, 2014, respectively, were not included in the computation of diluted earnings per share because they were anti-dilutive, as the exercise prices of the options were greater than the average market price of the common shares. No options were excluded for the year ended December 31, 2013.