EARNINGS PER SHARE (Tables)

3 Months Ended

Apr. 04, 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:

	First Quarter Ended
(In millions, except per share amounts)	April 4, 2015		March 29, 2014
Numerator:
Net income attributable to Franklin Electric Co., Inc.	$	19.8	$	17.0
Less: Undistributed earnings allocated to participating securities	0.2		0.3
Less: Undistributed earnings allocated to redeemable noncontrolling interest	0.1		—
	$	19.5	$	16.7
Denominator:
Basic
Weighted average common shares	47.6		47.7
Diluted
Effect of dilutive securities:
Non-participating employee incentive stock options and performance awards	0.5		0.6
Adjusted weighted average common shares	48.1		48.3
Basic earnings per share	$	0.41	$	0.35
Diluted earnings per share	$	0.41	$	0.35
Anti-dilutive stock options	0.2		—