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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Net sales $ 343,970 $ 305,349 $ 639,600 $ 525,601
Cost of sales 227,894 202,596 424,542 347,032
Gross profit 116,076 102,753 215,058 178,569
Selling, general, and administrative expenses 74,965 68,231 151,240 125,227
Restructuring expense 637 251 644 566
Operating income 40,474 34,271 63,174 52,776
Interest expense (2,606) (2,244) (5,034) (5,758)
Other income/(expense), net 45 5,506 (159) 6,178
Foreign exchange income/(expense) (999) (372) (1,550) 103
Income before income taxes 36,914 37,161 56,431 53,299
Income tax expense 6,875 6,917 5,177 7,121
Net income 30,039 30,244 51,254 46,178
Less: Net (income)/loss attributable to noncontrolling interests 458 (335) 417 (539)
Net income attributable to Franklin Electric Co., Inc. $ 30,497 $ 29,909 $ 51,671 $ 45,639
Income per share:        
Basic earnings per share (in dollars per share) $ 0.65 $ 0.64 $ 1.10 $ 0.97
Diluted earnings per share (in dollars per share) 0.64 0.64 1.09 0.97
Dividends per common share (in dollars per share) $ 0.1200 $ 0.1075 $ 0.2275 $ 0.2075