ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

Schedule of Purchase Price Allocation

(In millions)
Cash	$	2.7
Receivables	29.9
Inventory	56.0
Other current assets	5.1
Total current assets	93.7
Property, plant, and equipment	9.8
Intangible assets	5.7
Goodwill	33.9
Other assets	0.2
Total assets	143.3
Accounts payable	(19.6		)
Accrued liabilities and other current liabilities	(11.4		)
Current maturities of long-term debt	(31.6		)
Total current liabilities	(62.6		)
Long-term debt	(2.0		)
Other long-term liabilities	(0.7		)
Total liabilities	(65.3		)
Total	78.0
Less: Fair value of original equity interest	(20.6		)
Total purchase price	$	57.4

Business Acquisition, Pro Forma Information

FRANKLIN ELECTRIC CO., INC.
PROFORMA CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(in millions, except per share amounts)	2017		2016
Revenue:
As reported	$	1,124.9	$	949.9
Proforma	1,184.8		1,144.6
Net income:
As reported	$	78.2	$	78.7
Proforma	79.4		85.0
Basic earnings per share:
As reported	$	1.67	$	1.67
Proforma	1.70		1.80
Diluted earnings per share:
As reported	$	1.65	$	1.65
Proforma	1.68		1.78