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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Jan. 02, 2016
Jan. 03, 2015
Dec. 28, 2013
Income Statement      
Net sales $ 924,923 $ 1,047,777 $ 965,462
Cost of sales 627,315 703,367 633,948
Gross profit 297,608 344,410 331,514
Selling, general, and administrative expenses 204,250 227,711 204,014
Restructuring expense 2,997 16,611 3,719
Operating income 90,361 100,088 123,781
Interest expense (10,039) (10,735) (10,597)
Other income, net 6,863 1,349 1,696
Foreign exchange expense (869) (999) (3,331)
Income before income taxes 86,316 89,703 111,549
Income tax expense 12,625 18,851 28,851
Net income 73,691 70,852 82,698
Less: Net income attributable to noncontrolling interests (746) (1,046) (740)
Net income attributable to Franklin Electric Co., Inc. $ 72,945 $ 69,806 $ 81,958
Income per share:      
Basic (in dollars per share) $ 1.52 $ 1.43 $ 1.70
Diluted (in dollars per share) 1.50 1.41 1.68
Dividends per common share $ 0.3825 $ 0.3475 $ 0.3050