EARNINGS PER SHARE (Tables)

9 Months Ended

Oct. 01, 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:

	Third Quarter Ended				Nine Months Ended
(In millions, except per share amounts)	October 1, 2016		October 3, 2015		October 1, 2016		October 3, 2015
Numerator:
Net income attributable to Franklin Electric Co., Inc.	$	23.7	$	20.8	$	61.1	$	56.8
Less: Undistributed earnings allocated to participating securities	0.2		0.2		0.6		0.5
Less: Undistributed earnings allocated to redeemable noncontrolling interest	0.1		0.2		0.8		0.4
	$	23.4	$	20.4	$	59.7	$	55.9
Denominator:
Basic
Weighted average common shares	46.3		46.9		46.2		47.4
Diluted
Effect of dilutive securities:
Non-participating employee stock options and performance awards	0.6		0.4		0.5		0.4
Adjusted weighted average common shares	46.9		47.3		46.7		47.8
Basic earnings per share	$	0.51	$	0.44	$	1.29	$	1.18
Diluted earnings per share	$	0.50	$	0.43	$	1.28	$	1.17
Anti-dilutive stock options	0.2		0.5		0.6		0.3