EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 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:

(In millions, except per share amounts)	2017		2016		2015
Numerator:
Net income attributable to Franklin Electric Co., Inc.	$	78.2	$	78.7	$	72.9
Less: Undistributed earnings allocated to participating securities	0.6		0.7		0.7
Less: Undistributed earnings allocated to redeemable noncontrolling interest	—		1.0		0.8
Net income available to common shareholders	$	77.6	$	77.0	$	71.4
Denominator:
Basic weighted average common shares outstanding	46.5		46.2		47.1
Effect of dilutive securities:
Non-participating employee stock options and performance awards	0.5		0.5		0.5
Diluted weighted average common shares outstanding	47.0		46.7		47.6
Basic earnings per share	$	1.67	$	1.67	$	1.52
Diluted earnings per share	$	1.65	$	1.65	$	1.50