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Earnings Per Share (EPS) (Tables)
 3 Months Ended
Apr. 01, 2018
Earnings Per Share (EPS) [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
 
  
Apr. 1,
2018
  
Apr. 2,
2017
 
  
(in millions, except per share data)
 
       
Net income attributable to MTI
 
$
39.9
  
$
34.6
 
         
Weighted average shares outstanding
  
35.4
   
35.0
 
Dilutive effect of stock options and stock units
  
0.3
   
0.6
 
Weighted average shares outstanding, adjusted
  
35.7
   
35.6
 
         
Basic earnings per share attributable to MTI
 
$
1.13
  
$
0.99
 
         
Diluted earnings per share attributable to MTI
 
$
1.12
  
$
0.97