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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jul. 02, 2011
Jul. 03, 2010
Jul. 02, 2011
Jul. 03, 2010
Income Statement        
Net sales $ 224,119 $ 190,418 $ 409,449 $ 350,411
Cost of sales 146,904 125,782 271,708 235,170
Gross profit 77,215 64,636 137,741 115,241
Selling, general and administrative expenses 43,931 43,118 88,077 79,004
Restructuring expense 501 2,935 919 5,100
Operating income 32,783 18,583 48,745 31,137
Interest expense (2,406) (2,278) (4,612) (4,491)
Other income/(expense) 949 400 2,568 (1,829)
Foreign exchange income/(expense) (938) 112 (1,358) 309
Income before income taxes 30,388 16,817 45,343 25,126
Income taxes 8,381 5,366 12,433 6,123
Net income 22,007 11,451 32,910 19,003
Less: Net income attributable to noncontrolling interests (357) (316) (580) (540)
Net income attributable to Franklin Electric Co., Inc. $ 21,650 $ 11,135 $ 32,330 $ 18,463
Per share data:        
Basic $ 0.92 $ 0.48 $ 1.38 $ 0.80
Diluted $ 0.91 $ 0.47 $ 1.35 $ 0.79
Dividends per common share $ 0.14 $ 0.13 $ 0.27 $ 0.26