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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Oct. 01, 2016
Sep. 30, 2017
Oct. 01, 2016
Income Statement [Abstract]        
Net sales $ 311,113 $ 239,755 $ 836,714 $ 710,266
Cost of sales 207,271 154,286 554,303 459,883
Gross profit 103,842 85,469 282,411 250,383
Selling, general, and administrative expenses 70,986 55,373 196,275 165,672
Restructuring (income)/expense 1,009 (1,715) 1,575 (850)
Operating income 31,847 31,811 84,561 85,561
Interest expense (2,297) (1,983) (8,055) (6,631)
Other income, net 574 1,446 6,814 2,787
Foreign exchange income 193 399 296 637
Income before income taxes 30,317 31,673 83,616 82,354
Income tax expense 5,769 7,926 12,890 20,840
Net income 24,548 23,747 70,726 61,514
Less: Net income attributable to noncontrolling interests (78) (83) (617) (411)
Net income attributable to Franklin Electric Co., Inc. $ 24,470 $ 23,664 $ 70,109 $ 61,103
Income per share:        
Basic earnings per share (in dollars per share) $ 0.52 $ 0.51 $ 1.50 $ 1.29
Diluted earnings per share (in dollars per share) 0.52 0.50 1.48 1.28
Dividends per common share (in dollars per share) $ 0.1075000 $ 0.1000 $ 0.315 $ 0.2975