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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Jan. 02, 2016
Income Statement [Abstract]      
Net sales $ 1,124,909 $ 949,856 $ 924,923
Cost of sales 747,927 618,450 627,315
Gross profit 376,982 331,406 297,608
Selling, general, and administrative expenses 265,686 221,209 204,250
Restructuring (income)/expense 4,307 (598) 2,997
Operating income 106,989 110,795 90,361
Interest expense (10,322) (8,732) (10,039)
Other income, net 6,895 993 6,863
Foreign exchange income/(expense) 1,025 1,057 (869)
Income before income taxes 104,587 104,113 86,316
Income tax expense 25,994 24,798 12,625
Net income 78,593 79,315 73,691
Less: Net income attributable to noncontrolling interests (413) (570) (746)
Net income attributable to Franklin Electric Co., Inc. $ 78,180 $ 78,745 $ 72,945
Income per share:      
Basic earnings per share (in dollars per share) $ 1.67 $ 1.67 $ 1.52
Diluted earnings per share (in dollars per share) 1.65 1.65 1.50
Dividends per common share (in dollars per share) $ 0.4225 $ 0.3975 $ 0.3825