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EARNINGS PER SHARE (Tables)
 3 Months Ended
Apr. 02, 2016
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 2, 2016
 
April 4, 2015
Numerator:
 
 
 
Net income attributable to Franklin Electric Co., Inc.
$
13.5

 
$
19.8

Less: Undistributed earnings allocated to participating securities
0.1

 
0.2

Less: Undistributed earnings allocated to redeemable noncontrolling interest
0.5

 
0.1

 
$
12.9

 
$
19.5

Denominator:
 

 
 

Basic
 

 
 

Weighted average common shares
46.1

 
47.6

Diluted
 

 
 

Effect of dilutive securities:
 

 
 

Non-participating employee stock options and performance awards
0.3

 
0.5

Adjusted weighted average common shares
46.4

 
48.1

Basic earnings per share
$
0.28

 
$
0.41

Diluted earnings per share
$
0.28

 
$
0.41

Anti-dilutive stock options
0.6

 
0.2