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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 03, 2015
Sep. 27, 2014
Oct. 03, 2015
Sep. 27, 2014
Income Statement        
Net sales $ 232,485 $ 278,053 $ 705,640 $ 793,940
Cost of sales 155,693 188,902 477,150 527,284
Gross profit 76,792 89,151 228,490 266,656
Selling, general, and administrative expenses 47,722 55,635 159,160 167,621
Restructuring expense 1,304 1,086 2,525 1,517
Operating income 27,766 32,430 66,805 97,518
Interest expense (2,604) (2,744) (7,717) (8,038)
Other income, net 1,616 355 6,025 1,551
Foreign exchange expense (96) (510) (39) (602)
Income before income taxes 26,682 29,531 65,074 90,429
Income tax expense 5,656 6,726 7,634 22,745
Net income 21,026 22,805 57,440 67,684
Less: Net income attributable to noncontrolling interests (201) (132) (656) (980)
Net income attributable to Franklin Electric Co., Inc. $ 20,825 $ 22,673 $ 56,784 $ 66,704
Income per share:        
Basic (in dollars per share) $ 0.44 $ 0.46 $ 1.18 $ 1.37
Diluted (in dollars per share) 0.43 0.46 1.17 1.36
Dividends per common share $ 0.0975 $ 0.0900 $ 0.2850 $ 0.2575