EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share:

(In millions, except per share amounts)	First Quarter Ended
	March 31, 2012		April 2, 2011
Numerator:
Net income attributable to Franklin Electric Co., Inc.	$	23.0	$	10.7
Less: Undistributed earnings allocated to redeemable non-controlling interest	—		0.1
	$	23.0	$	10.6
Denominator:
Basic
Weighted average common shares	23.4		23.2
Diluted
Effect of dilutive securities:
Employee and director incentive stock options and awards	0.5		0.5
Adjusted weighted average common shares	23.9		23.7
Basic earnings per share	$	0.99	$	0.46
Diluted earnings per share	$	0.96	$	0.45
Anti-dilutive stock options	—		0.2
Anti-dilutive stock options price range – low	$	43.43	$	43.43
Anti-dilutive stock options price range – high	$	43.43	$	48.87