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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 30, 2013
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted 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 30, 2013
 
March 31, 2012
 
 
 
 
 
Numerator:
 
 
 
 
Net income attributable to Franklin Electric Co., Inc.
 
$
15.5

 
$
23.0

Less: Undistributed earnings allocable to participating securities
 
0.2

 
—

 
 
$
15.3

 
$
23.0

Denominator:
 
 

 
 

Basic
 
 

 
 

Weighted average common shares
 
47.3

 
46.8

Diluted
 
 

 
 

Effect of dilutive securities:
 
 

 
 

Non-participating employee and director incentive stock options and performance awards
 
0.7

 
1.0

Adjusted weighted average common shares
 
48.0

 
47.8

Basic earnings per share
 
$
0.32

 
$
0.49

Diluted earnings per share
 
$
0.32

 
$
0.48

Anti-dilutive stock options
 
—

 
—