ACCOUNTING PRONOUNCEMENTS (Tables)

9 Months Ended

Oct. 01, 2016

Accounting Changes and Error Corrections [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

Early adoption of the standard requires reflected adjustments as of January 3, 2016, the beginning of the annual period that includes the interim period of adoption. As such, previously reported first quarter 2016 results were impacted as follows:

(In thousands, except per share amounts)	First Quarter Ended April 2, 2016
	As previously reported			Adjustment			As adjusted
Income statements:
Income tax expense	$	4,955		$	12		$	4,967
Net income attributable to Franklin Electric Co., Inc.	$	13,457		$	(12	)	$	13,445
Basic earnings per share	$	0.28		$	—		$	0.28
Diluted earnings per share	$	0.28		$	—		$	0.28
Diluted weighted average shares outstanding	46,445			60			46,505
Cash flow statements:
Net cash from operating activities	$	(437	)	$	53		$	(384	)
Net cash from financing activities	$	3,572		$	(53	)	$	3,519
Balance sheets:
Additional capital	$	219,400		$	12		$	219,412
Retained earnings	$	502,512		$	(12	)	$	502,500