EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2017

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)	March 31, 2017		April 2, 2016
Numerator:
Net income attributable to Franklin Electric Co., Inc.	$	15.7	$	13.5
Less: Undistributed earnings allocated to participating securities	0.1		0.1
Less: Undistributed earnings allocated to redeemable noncontrolling interest	0.1		0.5
Net income available to common shareholders	$	15.5	$	12.9
Denominator:
Basic weighted average common shares outstanding	46.4		46.1
Effect of dilutive securities:
Non-participating employee stock options and performance awards	0.6		0.3
Diluted weighted average common shares outstanding	47.0		46.4
Basic earnings per share	$	0.33	$	0.28
Diluted earnings per share	$	0.33	$	0.28