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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 01, 2016
Oct. 03, 2015
Oct. 01, 2016
Oct. 03, 2015
Income Statement [Abstract]        
Net sales $ 239,755 $ 232,485 $ 710,266 $ 705,640
Cost of sales 154,286 155,693 459,883 477,150
Gross profit 85,469 76,792 250,383 228,490
Selling, general, and administrative expenses 55,373 47,722 165,672 159,160
Restructuring (income)/expense (1,715) 1,304 (850) 2,525
Operating income 31,811 27,766 85,561 66,805
Interest expense (1,983) (2,604) (6,631) (7,717)
Other income, net 1,446 1,616 2,787 6,025
Foreign exchange income/(expense) 399 (96) 637 (39)
Income before income taxes 31,673 26,682 82,354 65,074
Income tax expense 7,926 5,656 20,840 7,634
Net income 23,747 21,026 61,514 57,440
Less: Net income attributable to noncontrolling interests (83) (201) (411) (656)
Net income attributable to Franklin Electric Co., Inc. $ 23,664 $ 20,825 $ 61,103 $ 56,784
Income per share:        
Basic (in dollars per share) $ 0.51 $ 0.44 $ 1.29 $ 1.18
Diluted (in dollars per share) 0.50 0.43 1.28 1.17
Dividends per common share (in dollars per share) $ 0.1000 $ 0.0975 $ 0.2975 $ 0.2850