XML 33 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 27, 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:
 
Third Quarter Ended
 
Nine Months Ended
(In millions, except per share amounts)
September 27, 2014
 
September 28, 2013
 
September 27, 2014
 
September 28, 2013
Numerator:
 
 
 
 
 
 
 
Net income attributable to Franklin Electric Co., Inc.
$
22.7

 
$
25.1

 
$
66.7

 
$
68.7

Less: Undistributed earnings allocated to participating securities
0.2

 
0.3

 
0.7

 
0.9

Less: Undistributed earnings allocated to redeemable noncontrolling interest
0.4

 
—

 
0.6

 
—

 
$
22.1

 
$
24.8

 
$
65.4

 
$
67.8

Denominator:
 

 
 

 
 
 
 
Basic
 

 
 

 
 
 
 
Weighted average common shares
47.6

 
47.6

 
47.7

 
47.4

Diluted
 

 
 

 
 
 
 
Effect of dilutive securities:
 

 
 

 
 
 
 
Non-participating employee and director incentive stock options and performance awards
0.5

 
0.6

 
0.5

 
0.7

Adjusted weighted average common shares
48.1

 
48.2

 
48.2

 
48.1

Basic earnings per share
$
0.46

 
$
0.52

 
$
1.37

 
$
1.43

Diluted earnings per share
$
0.46

 
$
0.51

 
$
1.36

 
$
1.41

Anti-dilutive stock options
0.1

 
0.1

 
0.1

 
0.1