XML 51 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 28, 2013
Dec. 29, 2012
Dec. 31, 2011
Income Statement      
Net sales $ 965,462 $ 891,345 $ 821,077
Cost of sales 633,948 589,681 548,772
Gross profit 331,514 301,664 272,305
Selling, general, and administrative expenses 204,014 188,486 177,320
Restructuring (income)/expense 3,719 221 1,587
Operating income 123,781 112,957 93,398
Interest expense (10,597) (10,208) (10,502)
Other income/(expense) 1,696 14,901 5,661
Foreign exchange income/(expense) (3,331) (1,662) (1,422)
Income before income taxes 111,549 115,988 87,135
Income taxes 28,851 32,250 23,412
Net income 82,698 83,738 63,723
Less: Net income attributable to noncontrolling interests (740) (874) (624)
Net income attributable to Franklin Electric Co., Inc. $ 81,958 $ 82,864 $ 63,099
Income per share:      
Basic (in dollars per share) $ 1.70 $ 1.76 $ 1.36
Diluted (in dollars per share) $ 1.68 $ 1.73 $ 1.33
Dividends per common share (in dollars per share) $ 0.3050 $ 0.2850 $ 0.2675