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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jul. 02, 2016
Jun. 30, 2017
Jul. 02, 2016
Income Statement [Abstract]        
Net sales $ 305,349 $ 252,081 $ 525,601 $ 470,511
Cost of sales 202,596 161,403 347,032 305,597
Gross profit 102,753 90,678 178,569 164,914
Selling, general, and administrative expenses 68,298 57,954 125,289 110,299
Restructuring expense 251 45 566 865
Operating income 34,204 32,679 52,714 53,750
Interest expense (2,244) (2,221) (5,758) (4,648)
Other income, net 5,573 1,373 6,240 1,341
Foreign exchange income/(expense) (372) 315 103 238
Income before income taxes 37,161 32,146 53,299 50,681
Income tax expense 6,917 7,959 7,121 12,914
Net income 30,244 24,187 46,178 37,767
Less: Net income attributable to noncontrolling interests (335) (205) (539) (328)
Net income attributable to Franklin Electric Co., Inc. $ 29,909 $ 23,982 $ 45,639 $ 37,439
Income per share:        
Basic earnings per share (in dollars per share) $ 0.64 $ 0.51 $ 0.97 $ 0.79
Diluted earnings per share (in dollars per share) 0.64 0.50 0.97 0.78
Dividends per common share (in dollars per share) $ 0.1075000 $ 0.1000 $ 0.2075 $ 0.1975