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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
 12 Months Ended
Jan. 02, 2016
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
Unaudited quarterly financial information for 2015 and 2014, from continuing operations, is as follows:

(In millions, except per share amounts)
 
 
 
 
 
 
 
 
 
 
 
 
Net Sales
 
 
Gross Profit
 
Net Income
 
Net Income Attributable to Franklin Electric Co., Inc.
 
Basic Earnings Per Share
 
 
 
Diluted Earnings Per Share
2015
 
 
 
 
 
 
 
 
 
 
 
1st quarter
$
225.7

 
$
71.5

 
$
20.0

 
$
19.8

 
$
0.41

 
$
0.41

2nd quarter
247.4

 
80.2

 
16.4

 
16.1

 
0.33

 
0.33

3rd quarter
232.5

 
76.8

 
21.0

 
20.8

 
0.44

 
0.43

4th quarter
219.3

 
69.1

 
16.3

 
16.2

 
0.34

 
0.33

 
$
924.9

 
$
297.6

 
$
73.7

 
$
72.9

 
$
1.52

 
$
1.50

 
 
 
 
 
 
 
 
 
 
 
 
2014
 

 
 
 
 
 
 
 
 
 
 
1st quarter
$
231.4

 
$
78.1

 
$
17.4

 
$
17.0

 
$
0.35

 
$
0.35

2nd quarter
284.5

 
99.4

 
27.5

 
27.1

 
0.56

 
0.55

3rd quarter
278.1

 
89.2

 
22.8

 
22.7

 
0.46

 
0.46

4th quarter
253.8

 
77.7

 
3.2

 
3.0

 
0.06

 
0.06

 
$
1,047.8

 
$
344.4

 
$
70.9

 
$
69.8

 
$
1.43

 
$
1.41


Basic and diluted earnings per share amounts are computed independently for each of the quarters presented.  As a result, the sum of the quarterly earnings per share amounts may not equal the annual earnings per share amount.