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EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 28, 2014
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:
 
Second Quarter Ended
 
Six Months Ended
(In millions, except per share amounts)
June 28, 2014
 
June 29, 2013
 
June 28, 2014
 
June 29, 2013
Numerator:
 
 
 
 
 
 
 
Net income attributable to Franklin Electric Co., Inc.
$
27.1

 
$
28.1

 
$
44.0

 
$
43.6

Less: Undistributed earnings allocable to participating securities
0.3

 
0.3

 
0.5

 
0.5

Less: Undistributed earnings allocated to redeemable non-controlling interest
0.2

 
—

 
0.2

 
—

 
$
26.6

 
$
27.8

 
$
43.3

 
$
43.1

Denominator:
 

 
 

 
 
 
 
Basic
 

 
 

 
 
 
 
Weighted average common shares
47.6

 
47.5

 
47.7

 
47.4

Diluted
 

 
 

 
 
 
 
Effect of dilutive securities:
 

 
 

 
 
 
 
Non-participating employee and director incentive stock options and performance awards
0.6

 
0.6

 
0.6

 
0.6

Adjusted weighted average common shares
48.2

 
48.1

 
48.3

 
48.0

Basic earnings per share
$
0.56

 
$
0.59

 
$
0.91

 
$
0.91

Diluted earnings per share
$
0.55

 
$
0.58

 
$
0.90

 
$
0.90

Anti-dilutive stock options
0.1

 
0.1

 
0.1

 
0.1