EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 29, 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)	Second Quarter Ended				Six Months Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Numerator:
Net income attributable to Franklin Electric Co., Inc.	$	28.1	$	24.8	$	43.6	$	47.9
Less: Undistributed earnings allocable to participating securities	0.3		—		0.5		—
	$	27.8	$	24.8	$	43.1	$	47.9
Denominator:
Basic
Weighted average common shares	47.5		46.8		47.4		46.8
Diluted
Effect of dilutive securities:
Non-participating employee and director incentive stock options and performance awards	0.6		1.0		0.6		1.0
Adjusted weighted average common shares	48.1		47.8		48.0		47.8
Basic earnings per share	$	0.59	$	0.53	$	0.91	$	1.02
Diluted earnings per share	$	0.58	$	0.52	$	0.90	$	1.00
Anti-dilutive stock options	0.1		0.2		0.1		0.2