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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
Unaudited quarterly financial information for 2018 and 2017, is as follows:

(In millions, except per share amounts)
 
 
 
 
 
 
 
 
 
 
 
 
Net Sales
 
 
Gross Profit
 
Net Income
 
Net Income Attributable to Franklin Electric Co., Inc.
 
Basic Earnings Per Share
 
 
 
Diluted Earnings Per Share
2018
 
 
 
 
 
 
 
 
 
 
 
1st quarter
$
295.6

 
$
99.0

 
$
21.2

 
$
21.2

 
$
0.45

 
$
0.45

2nd quarter
344.0

 
116.1

 
30.0

 
30.5

 
0.65

 
0.64

3rd quarter
341.9

 
113.0

 
30.0

 
30.0

 
0.64

 
0.63

4th quarter
316.6

 
104.3

 
24.3

 
24.2

 
0.51

 
0.51

 
$
1,298.1

 
$
432.4

 
$
105.5

 
$
105.9

 
$
2.25

 
$
2.23

 
 
 
 
 
 
 
 
 
 
 
 
2017
 

 
 
 
 
 
 
 
 
 
 
1st quarter
$
220.3

 
$
75.8

 
$
15.9

 
$
15.7

 
$
0.33

 
$
0.33

2nd quarter
305.3

 
102.8

 
30.2

 
29.9

 
0.64

 
0.64

3rd quarter
311.1

 
103.8

 
24.5

 
24.5

 
0.52

 
0.52

4th quarter
288.2

 
94.6

 
8.0

 
8.1

 
0.17

 
0.17

 
$
1,124.9

 
$
377.0

 
$
78.6

 
$
78.2

 
$
1.67

 
$
1.65



Basic and diluted earnings per share amounts are computed independently for each of the quarters presented.  As a result, the sum of the quarterly earnings per share amounts may not equal the annual earnings per share amount.