EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 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:

	Third Quarter Ended				Nine Months Ended
(In millions, except per share amounts)	September 30, 2017		October 1, 2016		September 30, 2017		October 1, 2016
Numerator:
Net income attributable to Franklin Electric Co., Inc.	$	24.5	$	23.7	$	70.1	$	61.1
Less: Undistributed earnings allocated to participating securities	0.2		0.2		0.5		0.6
Less: Undistributed earnings allocated to redeemable noncontrolling interest	—		0.1		—		0.8
Net income available to common shareholders	$	24.3	$	23.4	$	69.6	$	59.7
Denominator:
Basic weighted average common shares outstanding	46.5		46.3		46.5		46.2
Effect of dilutive securities:
Non-participating employee stock options and performance awards	0.5		0.6		0.5		0.5
Diluted weighted average common shares outstanding	47.0		46.9		47.0		46.7
Basic earnings per share	$	0.52	$	0.51	$	1.50	$	1.29
Diluted earnings per share	$	0.52	$	0.50	$	1.48	$	1.28