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EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 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:
 
Third Quarter Ended
 
Nine Months Ended
(In millions, except per share amounts)
September 30, 2018
 
September 30, 2017
 
September 30, 2018
 
September 30, 2017
Numerator:
 
 
 
 
 
 
 
Net income attributable to Franklin Electric Co., Inc.
$
30.0

 
$
24.5

 
$
81.7

 
$
70.1

Less: Earnings allocated to participating securities
0.2

 
0.2

 
0.6

 
0.5

Net income available to common shareholders
$
29.8

 
$
24.3

 
$
81.1

 
$
69.6

Denominator:
 

 
 

 
 
 
 
Basic weighted average common shares outstanding
46.7

 
46.5

 
46.7

 
46.5

Effect of dilutive securities:
 

 
 

 
 
 
 
Non-participating employee stock options and performance awards
0.5

 
0.5

 
0.5

 
0.5

Diluted weighted average common shares outstanding
47.2

 
47.0

 
47.2

 
47.0

Basic earnings per share
$
0.64

 
$
0.52

 
$
1.74

 
$
1.50

Diluted earnings per share
$
0.63

 
$
0.52

 
$
1.72

 
$
1.48