EARNINGS PER SHARE

9 Months Ended

Sep. 29, 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)	Third Quarter Ended				Nine Months Ended
	September 29, 2012		October 1, 2011		September 29, 2012		October 1, 2011
Numerator:
Net income attributable to Franklin Electric Co., Inc.	$	21.9	$	19.2	$	69.7	$	51.6
Less: Undistributed earnings allocated to redeemable noncontrolling interest	—		0.2		—		0.5
	$	21.9	$	19.0	$	69.7	$	51.1
Denominator:
Basic
Weighted average common shares	23.4		23.2		23.4		23.2
Diluted
Effect of dilutive securities:
Employee and director incentive stock options and stock/stock unit awards	0.5		0.5		0.5		0.5
Adjusted weighted average common shares	23.9		23.7		23.9		23.7
Basic earnings per share	$	0.93	$	0.82	$	2.98	$	2.20
Diluted earnings per share	$	0.91	$	0.80	$	2.91	$	2.16
Anti-dilutive stock options	0.1		0.3		0.1		0.3