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EARNINGS PER SHARE (Tables)
 12 Months Ended
Jan. 03, 2015
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)
 
2014
 
2013
 
2012
Numerator:
 
 
 
 
 
 
Net income attributable to Franklin Electric Co., Inc.
 
$
69.8

 
$
82.0

 
$
82.9

Less: Undistributed earnings allocated to participating securities
 
0.7

 
1.0

 
0.6

Less: Undistributed earnings allocated to redeemable noncontrolling interest
 
0.9

 
0.2

 
—

 
 
$
68.2

 
$
80.8

 
$
82.3

Denominator:
 
 

 
 

 
 

Basic
 
 

 
 

 
 

Weighted average common shares
 
47.7

 
47.5

 
46.9

Diluted
 
 

 
 

 
 

Effect of dilutive securities:
 
 

 
 

 
 

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

 
0.6

 
0.8

Adjusted weighted average common shares
 
48.2

 
48.1

 
47.7

Basic earnings per share
 
$
1.43

 
$
1.70

 
$
1.76

Diluted earnings per share
 
$
1.41

 
$
1.68

 
$
1.73

Anti-dilutive stock options
 
0.1

 
0.1

 
0.1