EARNINGS PER SHARE (Tables)

9 Months Ended

Oct. 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:

	Third Quarter Ended				Nine Months Ended
(In millions, except per share amounts)	October 3, 2015		September 27, 2014		October 3, 2015		September 27, 2014
Numerator:
Net income attributable to Franklin Electric Co., Inc.	$	20.8	$	22.7	$	56.8	$	66.7
Less: Undistributed earnings allocated to participating securities	0.2		0.2		0.5		0.7
Less: Undistributed earnings allocated to redeemable noncontrolling interest	0.2		0.4		0.4		0.6
	$	20.4	$	22.1	$	55.9	$	65.4
Denominator:
Basic
Weighted average common shares	46.9		47.6		47.4		47.7
Diluted
Effect of dilutive securities:
Non-participating employee incentive stock options and performance awards	0.4		0.5		0.4		0.5
Adjusted weighted average common shares	47.3		48.1		47.8		48.2
Basic earnings per share	$	0.44	$	0.46	$	1.18	$	1.37
Diluted earnings per share	$	0.43	$	0.46	$	1.17	$	1.36
Anti-dilutive stock options	0.5		0.1		0.3		0.1