EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 28, 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)	Third Quarter Ended				Nine Months Ended
	September 28, 2013		September 29, 2012		September 28, 2013		September 29, 2012
Numerator:
Net income attributable to Franklin Electric Co., Inc.	$	25.1	$	21.9	$	68.7	$	69.7
Less: Undistributed earnings allocable to participating securities	0.3		—		0.9		—
	$	24.8	$	21.9	$	67.8	$	69.7
Denominator:
Basic
Weighted average common shares	47.6		46.9		47.4		46.8
Diluted
Effect of dilutive securities:
Non-participating employee and director incentive stock options and performance awards	0.6		1.0		0.7		1.0
Adjusted weighted average common shares	48.2		47.9		48.1		47.8
Basic earnings per share	$	0.52	$	0.47	$	1.43	$	1.49
Diluted earnings per share	$	0.51	$	0.46	$	1.41	$	1.46
Anti-dilutive stock options	0.1		0.2		0.1		0.2