XML 38 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Apr. 04, 2015
Mar. 29, 2014
Income Statement    
Net sales $ 225,728us-gaap_SalesRevenueNet $ 231,421us-gaap_SalesRevenueNet
Cost of sales 154,238us-gaap_CostOfGoodsAndServicesSold 153,310us-gaap_CostOfGoodsAndServicesSold
Gross profit 71,490us-gaap_GrossProfit 78,111us-gaap_GrossProfit
Selling, general, and administrative expenses 55,160us-gaap_SellingGeneralAndAdministrativeExpense 52,015us-gaap_SellingGeneralAndAdministrativeExpense
Restructuring expense 463us-gaap_RestructuringCharges 136us-gaap_RestructuringCharges
Operating income 15,867us-gaap_OperatingIncomeLoss 25,960us-gaap_OperatingIncomeLoss
Interest expense (2,708)us-gaap_InterestExpense (2,784)us-gaap_InterestExpense
Other income, net 3,019us-gaap_OtherNonoperatingIncomeExpense 325us-gaap_OtherNonoperatingIncomeExpense
Foreign exchange income/(expense) 416us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (420)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax
Income before income taxes 16,594us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 23,081us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense/(benefit) (3,382)us-gaap_IncomeTaxExpenseBenefit 5,660us-gaap_IncomeTaxExpenseBenefit
Net income 19,976us-gaap_ProfitLoss 17,421us-gaap_ProfitLoss
Less: Net income attributable to noncontrolling interests (181)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (464)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to Franklin Electric Co., Inc. $ 19,795us-gaap_NetIncomeLoss $ 16,957us-gaap_NetIncomeLoss
Income per share:    
Basic (in dollars per share) $ 0.41us-gaap_EarningsPerShareBasic $ 0.35us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 0.41us-gaap_EarningsPerShareDiluted $ 0.35us-gaap_EarningsPerShareDiluted
Dividends per common share $ 0.0900us-gaap_CommonStockDividendsPerShareCashPaid $ 0.0775us-gaap_CommonStockDividendsPerShareCashPaid