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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Net sales $ 341,866 $ 311,113 $ 981,466 $ 836,714
Cost of sales 228,900 207,271 653,442 554,303
Gross profit 112,966 103,842 328,024 282,411
Selling, general, and administrative expenses 72,483 70,850 223,723 196,077
Restructuring expense 346 1,009 990 1,575
Operating income 40,137 31,983 103,311 84,759
Interest (expense) (2,443) (2,297) (7,477) (8,055)
Other income/(expense), net (422) 438 (581) 6,616
Foreign exchange income/(expense) (1,601) 193 (3,151) 296
Income before income taxes 35,671 30,317 92,102 83,616
Income tax expense 5,739 5,769 10,916 12,890
Net income 29,932 24,548 81,186 70,726
Less: Net (income)/loss attributable to noncontrolling interests 74 (78) 491 (617)
Net income attributable to Franklin Electric Co., Inc. $ 30,006 $ 24,470 $ 81,677 $ 70,109
Income per share:        
Basic earnings per share (in dollars per share) $ 0.64 $ 0.52 $ 1.74 $ 1.50
Diluted earnings per share (in dollars per share) 0.63 0.52 1.72 1.48
Dividends per common share (in dollars per share) $ 0.1200 $ 0.1075 $ 0.3475 $ 0.3150