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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CONSOLIDATED STATEMENTS OF INCOME [Abstract]      
Product sales $ 1,615.4 $ 1,514.9 $ 1,018.2
Service revenue 182.2 210.1 0.0
Total net sales 1,797.6 1,725.0 1,018.2
Cost of goods sold 1,190.0 1,141.5 784.5
Cost of service revenue 136.6 148.1 0.0
Total cost of sales 1,326.6 1,289.6 784.5
Production margin 471.0 435.4 233.7
Marketing and administrative expenses 182.3 177.4 89.2
Research and development expenses 23.6 24.4 20.1
Insurance / litigation settlement (gain) 0.0 (2.3) (2.5)
Amortization expense of intangible assets acquired 7.8 4.8 0.0
Acquisition related transaction and integration costs 11.8 19.1 0.0
Restructuring and other charges 45.2 43.2 0.0
Income from operations 200.3 168.8 126.9
Interest expense, net (60.9) (41.8) (0.2)
Premium on early extinguishment of debt (4.5) (5.8) 0.0
Other non-operating income (deductions), net (2.3) 1.8 (3.0)
Total non-operating deductions, net (67.7) (45.8) (3.2)
Income from continuing operations before provision for taxes and equity in earnings 132.6 123.0 123.7
Provision for taxes on income 22.8 30.8 34.5
Equity in earnings of affiliates, net of tax 1.8 1.2 0.0
Income from continuing operations, net of tax 111.6 93.4 89.2
Income (loss) from discontinued operations, net of tax 0.0 2.1 (5.8)
Consolidated net income 111.6 95.5 83.4
Less: Net income (loss) attributable to non-controlling interests 3.7 3.1 3.1
Net income attributable to Minerals Technologies Inc. (MTI) $ 107.9 $ 92.4 $ 80.3
Basic:      
Income from continuing operations attributable to MTI (in dollars per share) $ 3.11 $ 2.62 $ 2.48
Income (loss) from discontinued operations attributable to MTI (in dollars per share) 0 0.06 (0.17)
Basic earnings per share attributable to MTI (in dollars per share) 3.11 2.68 2.31
Diluted:      
Income from continuing operations attributable to MTI (in dollars per share) 3.08 2.59 2.46
Income (loss) from discontinued operations attributable to MTI (in dollars per share) 0 0.06 (0.16)
Diluted earnings per share attributable to MTI (in dollars per share) 3.08 2.65 2.30
Cash dividends declared per common share (in dollars per share) $ 0.20 $ 0.20 $ 0.20
Shares used in computation of earnings per share:      
Basic (in shares) 34.7 34.5 34.7
Diluted (in shares) 35.0 34.8 35.0