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SHARE-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Authorized Number of Shares The 2012 Stock Plan authorized 2,400,000 shares for issuance as follows:

2012 Stock Plan
 
Authorized Shares
Stock Options
 
1,680,000
Stock/Stock Unit Awards
 
720,000

The Company also maintains the Amended and Restated Franklin Electric Co., Inc. Stock Plan (the "2009 Stock Plan") which, as amended in 2009, provided for discretionary grants of stock options and stock awards. The 2009 Stock Plan authorized 4,400,000 shares for issuance as follows:
2009 Stock Plan
Authorized Shares
Stock Options
3,200,000
Stock Awards
1,200,000
Schedule of Assumptions Used to Determine the Fair Value of Options Granted The assumptions used for the Black-Scholes model to determine the fair value of options granted during the six months ended June 30, 2018 and June 30, 2017 are as follows:
 
 
June 30, 2018
 
June 30, 2017
Risk-free interest rate
 
2.69
%
 
1.89
%
Dividend yield
 
1.05
%
 
0.94
%
Volatility factor
 
28.71
%
 
31.19
%
Expected term
 
5.6 years

 
5.5 years
Schedule of Stock Option Plans Activity A summary of the Company’s outstanding stock option activity and related information for the six months ended June 30, 2018 is as follows:
(Shares in thousands)
 
June 30, 2018
 
 
Stock Options
 
Shares
 
Weighted-Average Exercise Price
Outstanding at beginning of period
 
1,388

 
$
28.79

Granted
 
251

 
40.26

Exercised
 
(86
)
 
20.88

Forfeited
 
(3
)
 
37.21

Outstanding at end of period
 
1,550

 
$
27.26

Expected to vest after applying forfeiture rate
 
1,522

 
$
30.92

Vested and exercisable at end of period
 
1,009

 
$
27.26
Schedule of Stock Options, Contractual Term and Aggregate Intrinsic Value A summary of the weighted-average remaining contractual term and aggregate intrinsic value as of June 30, 2018 is as follows:
 
 
Weighted-Average Remaining Contractual Term
 
Aggregate Intrinsic Value (000's)
Outstanding at end of period
 
5.84 years
 
$
21,753

Expected to vest after applying forfeiture rate
 
5.78 years
 
$
21,588

Vested and exercisable at end of period
 
4.28 years
 
$
17,999
Schedule of Restricted Stock/Stock Unit Award Activity A summary of the Company’s restricted stock/stock unit award activity and related information for the sixth months ended June 30, 2018 is as follows:

(Shares in thousands)
 
June 30, 2018
Restricted Stock/Stock Unit Awards
 
 
Shares
 
Weighted-Average Grant-
Date Fair Value
Non-vested at beginning of period
 
463

 
$
36.71

Awarded
 
164

 
40.48

Vested
 
(82
)
 
40.97

Forfeited
 
(30
)
 
36.35

Non-vested at end of period
 
515

 
$
37.25