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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 01, 2018
Apr. 02, 2017
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) [Abstract]    
Product sales $ 412.2 $ 386.3
Service revenue 19.1 18.7
Total net sales 431.3 405.0
Cost of goods sold 305.0 279.0
Cost of service revenue 12.8 12.3
Total cost of sales 317.8 291.3
Production margin 113.5 113.7
Marketing and administrative expenses 44.4 44.0
Research and development expenses 6.1 5.8
Acquisition related transaction and integration costs 0.4 1.5
Restructuring and other items, net 0.0 0.3
Income from operations 62.6 62.1
Interest expense, net (10.7) (11.8)
Debt modification costs and fees 0.0 (3.9)
Other non-operating income (deductions), net (2.7) (0.9)
Total non-operating deductions, net (13.4) (16.6)
Income before provision for taxes and equity in earnings 49.2 45.5
Provision for taxes on income 9.3 10.1
Equity in earnings of affiliates, net of tax 1.2 0.2
Consolidated net income 41.1 35.6
Less: Net income attributable to non-controlling interests 1.2 1.0
Net income attributable to Minerals Technologies Inc. (MTI) $ 39.9 $ 34.6
Earnings per share:    
Basic earnings per share attributable to MTI (in dollars per share) $ 1.13 $ 0.99
Diluted earnings per share attributable to MTI (in dollars per share) 1.12 0.97
Cash dividends declared per common share (in dollars per share) $ 0.05 $ 0.05
Shares used in computation of earnings per share:    
Basic (in shares) 35.4 35.0
Diluted (in shares) 35.7 35.6