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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2018
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:
 
Second Quarter Ended
 
Six Months Ended
(In millions, except per share amounts)
June 30, 2018
 
June 30, 2017
 
June 30, 2018
 
June 30, 2017
Numerator:
 
 
 
 
 
 
 
Net income attributable to Franklin Electric Co., Inc.
$
30.5

 
$
29.9

 
$
51.7

 
$
45.6

Less: Undistributed earnings allocated to participating securities
0.2

 
0.2

 
0.4

 
0.3

Less: Undistributed earnings allocated to redeemable noncontrolling interest

 
(0.2
)
 

 

Net income available to common shareholders
$
30.3

 
$
29.9

 
$
51.3

 
$
45.3

Denominator:
 

 
 

 
 
 
 
Basic weighted average common shares outstanding
46.5

 
46.5

 
46.5

 
46.4

Effect of dilutive securities:
 

 
 

 
 
 
 
Non-participating employee stock options and performance awards
0.5

 
0.5

 
0.5

 
0.6

Diluted weighted average common shares outstanding
47.0

 
47.0

 
47.0

 
47.0

Basic earnings per share
$
0.65

 
$
0.64

 
$
1.10

 
$
0.97

Diluted earnings per share
$
0.64

 
$
0.64

 
$
1.09

 
$
0.97