EARNINGS PER SHARE

9 Months Ended

Oct. 01, 2011

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

Following is the computation of basic and diluted earnings per share:

(In millions, except per share amounts)	Third Quarter Ended				Nine Months Ended
	October 1, 2011		October 2, 2010		October 1, 2011		October 2, 2010
Numerator:			As Adjusted (Note 3)				As Adjusted (Note 3)
Net income attributable to Franklin Electric Co., Inc.	$	19.2	$	12.3	$	51.6	$	30.8
Less: Undistributed earnings allocated to redeemable non- controlling interest	0.2		—		0.5		—
	$	19.0	$	12.3	$	51.1	$	30.8
Denominator:
Basic
Weighted average common shares	23.2		23.2		23.2		23.2
Diluted
Effect of dilutive securities:
Employee and director incentive stock options and awards	0.5		0.3		0.5		0.3
Adjusted weighted average common shares	23.7		23.5		23.7		23.5
Basic earnings per share	$	0.82	$	0.53	$	2.20	$	1.33
Diluted earnings per share	$	0.80	$	0.52	$	2.16	$	1.31
Anti-dilutive stock options	0.3		0.9		0.3		0.9
Anti-dilutive stock options price range – low	$	43.43	$	28.82	$	43.43	$	28.82
Anti-dilutive stock options price range – high	$	48.87	$	48.87	$	48.87	$	48.87