0000038725-19-000221.txt : 20191029 0000038725-19-000221.hdr.sgml : 20191029 20191029080216 ACCESSION NUMBER: 0000038725-19-000221 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20191029 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20191029 DATE AS OF CHANGE: 20191029 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRANKLIN ELECTRIC CO INC CENTRAL INDEX KEY: 0000038725 STANDARD INDUSTRIAL CLASSIFICATION: MOTORS & GENERATORS [3621] IRS NUMBER: 350827455 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-00362 FILM NUMBER: 191174494 BUSINESS ADDRESS: STREET 1: 9255 COVERDALE ROAD CITY: FORT WAYNE STATE: IN ZIP: 46809 BUSINESS PHONE: 2608242900 MAIL ADDRESS: STREET 1: 9255 COVERDALE ROAD CITY: FORT WAYNE STATE: IN ZIP: 46809 8-K 1 fele-20191029.htm 8-K Document
0000038725falseFRANKLIN ELECTRIC CO INC00000387252019-10-292019-10-29

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 29, 2019

FRANKLIN ELECTRIC CO., INC.
(Exact name of registrant as specified in its charter)
Indiana 0-362 35-0827455
(State of incorporation) (Commission File Number) (IRS employer identification no.)

9255 Coverdale Road
Fort Wayne,Indiana46809
(Address of principal executive offices)(Zip code)

(260) 824-2900
(Registrant's telephone number, including area code)
 
Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Common Stock, $0.10 par valueFELENASDAQGlobal Select Market
(Title of each class)(Trading symbol)(Name of each exchange on which registered)

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 2.02. Results of Operations and Financial Condition

On October 29, 2019, Franklin Electric Co., Inc. issued a press release announcing its earnings for the third quarter of 2019. A copy of the release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. This Current Report on Form 8-K and the press release attached hereto are being furnished pursuant to Item 2.02 of Form 8-K.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits:

Exhibit Number  Description
99.1  
101  Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
104  The cover page from this Current Report on Form 8-K, formatted as Inline XBRL



SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FRANKLIN ELECTRIC CO., INC.
(Registrant)

Date: October 29, 2019By/s/ John J. Haines
John J. Haines
Vice President, Chief Financial Officer
(Principal Financial and Accounting Officer)



EXHIBIT INDEX

Exhibit NumberDescription
99.1  
101.SCH  Inline XBRL Taxonomy Extension Schema
101.CAL  Inline XBRL Taxonomy Extension Calculation Linkbase
101.DEF  Inline XBRL Taxonomy Extension Definition Linkbase
101.LAB  Inline XBRL Taxonomy Extension Label Linkbase
101.PRE  Inline XBRL Taxonomy Extension Presentation Linkbase
101.INS  XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.



 EX-99.1 2 a201910298-kexhibit991.htm EX-99.1 Document


Exhibit 99.1

For Immediate Release 

For Further Information
Refer to: John J. Haines
260-824-2900

FRANKLIN ELECTRIC REPORTS RECORD THIRD
QUARTER 2019 SALES AND EARNINGS
Fort Wayne, IN - October 29, 2019 - Franklin Electric Co., Inc. (NASDAQ: FELE) reported record third quarter 2019 GAAP fully diluted earnings per share (EPS) of $0.72, versus a GAAP fully diluted EPS in the third quarter 2018 of $0.63. Third quarter 2019 sales were a record $348.4 million, compared to 2018 third quarter sales of $341.9 million. Third quarter EPS before the impact of restructuring expenses was also a record at $0.73 compared to 2018 third quarter EPS before restructuring of $0.64 (see table below for a reconciliation of GAAP EPS to EPS before restructuring).

Gregg Sengstack, Franklin Electric’s Chairman and Chief Executive Officer, commented:

“Our third quarter earnings were a record for any third quarter in the Company’s history. Our earnings per share grew by 14 percent from the third quarter 2018. Our improvement in earnings was led by our Distribution segment which grew operating income by over 70 percent as a result of more favorable weather conditions in much of the United States and acquisitions. Our free cash flow after capital expenditures is about 65 percent higher through the first three quarters of the year versus the same period of 2018. Despite these earnings and cash generation improvements, organic sales growth was below expectations in our Water and Fueling systems businesses.”



















Key Performance Indicators:



Earnings Before and After RestructuringFor the Third Quarter
(in millions)20192018Change
Net Income attributable to FE Co., Inc. Reported$33.9  $30.0  13 %
Allocated Earnings$(0.2) $(0.2) 
Earnings for EPS Calculations$33.7  $29.8  13 %
Restructuring (before tax):$0.4  $0.3  
Restructuring, net of tax:$0.3  $0.2  
Earnings Before Restructuring$34.0  $30.0  13 %
Earnings Per ShareFor the Third Quarter
Before and After Restructuring2019  2018  Change
(in millions except Earnings Per Share)
Average Fully Diluted Shares Outstanding46.7  47.2  (1)%
Fully Diluted Earnings Per Share (“EPS”) Reported$0.72  $0.63  14 %
Restructuring Per Share, net of tax$0.01  $0.01  
Fully Diluted EPS Before Restructuring$0.73  $0.64  14 %




Net Sales
(in millions)United States & CanadaLatin AmericaEurope, Middle East & AfricaAsia PacificTotal WaterFuelingDistributionOther/ElimsConsolidated
Q3 2018$110.2  $31.0  $40.8  $17.3  $199.3  $77.8  $78.0  $(13.2) $341.9  
Q3 2019$111.4  $30.6  $40.8  $17.0  $199.8  $78.1  $87.0  $(16.5) $348.4  
Change$1.2  $(0.4) $—  $(0.3) $0.5  $0.3  $9.0  $(3.3) $6.5  
% Change1 %(1)%— %(2)%— %— %12 %2 %
Foreign currency translation$(0.4) $(2.3) $(2.0) $(0.2) $(4.9) $(0.9) $—  
% Change— %(7)%(5)%(1)%(2)%(1)%— %
Acquisitions$2.3  $—  $—  $—  $2.3  $—  $7.3  
Volume/Price$(0.7) $1.9  $2.0  $(0.1) $3.1  $1.2  $1.7  
% Change(1)%6 %5 %(1)%2 %2 %2 %



Operating Income and Margins
(in millions)For the Third Quarter 2019
WaterFuelingDistributionOther/ElimsConsolidated
Operating Income/(Loss)$28.4  $21.6  $5.9  $(13.2) $42.7  
% Operating Income To Net Sales14.2 %27.7 %6.8 %12.3 %
Restructuring$0.4  $—  $—  $—  $0.4  
Operating Income/(Loss) Before Restructuring$28.8  $21.6  $5.9  $(13.2) $43.1  
% Operating Income to Net Sales Before Restructuring14.4 %27.7 %6.8 %12.4 %
For the Third Quarter 2018
WaterFuelingDistributionOther/ElimsConsolidated
Operating Income/(Loss)$28.4  $20.9  $3.1  $(12.3) $40.1  
% Operating Income To Net Sales14.2 %26.9 %4.0 %11.7 %
Restructuring$—  $—  $0.3  $—  $0.3  
Operating Income/(Loss) Before Restructuring$28.4  $20.9  $3.4  $(12.3) $40.4  
% Operating Income to Net Sales Before Restructuring14.2 %26.9 %4.4 %11.8 %









Water Systems

Water Systems sales were $199.8 million in the third quarter 2019, versus the third quarter 2018 sales of $199.3 million. In the third quarter of 2019, sales from businesses acquired since the third quarter of 2018 were $2.3 million. Water Systems sales decreased 2 percent in the quarter due to foreign currency translation. Water Systems organic sales were higher by 2 percent compared to the third quarter of 2018.

Water Systems sales in the U.S. and Canada increased by 1 percent overall compared to the third quarter 2018, primarily related to sales from acquisitions. Sales of dewatering equipment increased by 2 percent on the continued diversification of product sales and channels. Sales of groundwater pumping equipment increased by 1 percent versus the third quarter 2018. The increase in groundwater pumping systems was primarily due to improved weather conditions in North America and increased sales to the Company’s Headwater Distribution segment. Sales of surface pumping equipment decreased by 4 percent on lower sales of both wastewater and condensation removal equipment.

Water Systems sales in markets outside the U.S. and Canada declined by 1 percent overall. Foreign currency translation decreased sales by 5 percent. Outside the U.S. and Canada, Water Systems organic sales increased by 4 percent, primarily driven by higher sales in Latin America and Europe, Middle East and Africa markets, partially offset by sales declines in Asia Pacific.

Water Systems operating income was $28.4 million in the third quarter 2019, compared to $28.4 million in the third quarter 2018.

Fueling Systems

Fueling Systems sales were $78.1 million in the third quarter 2019 compared to third quarter 2018 sales of $77.8 million and were a record for any third quarter. Fueling Systems sales decreased 1 percent in the quarter due to foreign currency translation. Fueling Systems organic sales increased 2 percent compared to the third quarter of 2018.

Fueling Systems sales in the U.S. and Canada increased by 10 percent compared to the third quarter 2018. The increase was principally in the fuel management systems and service station hardware product lines. Outside the U.S. and Canada, Fueling Systems revenues declined by 6 percent, primarily due to lower sales in China.

Fueling Systems operating income was a record for any third quarter at $21.6 million compared to $20.9 million in the third quarter of 2018. Fueling Systems operating income was higher in the quarter due to favorable product sales mix.

Distribution

Distribution sales were $87.0 million in the third quarter 2019, versus third quarter 2018 sales of $78.0 million. In the third quarter of 2019, sales from businesses acquired since the third quarter of 2018 were $7.3 million. The Distribution segment organic sales increased 2 percent compared to the third quarter of 2018.

The Distribution segment operating income was $5.9 million in the third quarter of 2019, compared to $3.1 million in the third quarter of 2018. Distribution’s operating income was higher in the third quarter due to higher sales volumes and acquisitions and leverage on operating expenses.


Overall



The Company’s consolidated gross profit was $117.6 million for the third quarter of 2019, an increase from the third quarter of 2018 gross profit of $113.0 million. The gross profit increase was primarily due to higher Fueling Systems and Distribution sales. The gross profit as a percent of net sales was 33.8 percent in the third quarter of 2019 versus 33.0 percent in the third quarter of 2018.

Selling, general, and administrative (SG&A) expenses were $74.5 million in the third quarter of 2019 compared to $72.5 million in the third quarter of 2018. SG&A expenses from acquired businesses was $1.5 million and excluding the acquired entities, the Company’s SG&A expenses in the third quarter of 2019 were $73.0 million, an increase of less than 1 percent from the third quarter 2018, partially due to the offsetting effect of foreign currency translation versus the prior year.

Commenting on the outlook for the remainder of 2019, Mr. Sengstack said:

“Based on our third quarter results and our current view of our end markets, we expect our fourth quarter to be similar to last year in both revenue and earnings. This would result in full year 2019 earnings per share before restructuring at the low end of our current guidance.”

A conference call to review earnings and other developments in the business will commence at 9:00 am Eastern Time. The third quarter 2019 earnings call will be available via a live webcast. The webcast will be available in a listen only mode by going to:

https://edge.media-server.com/mmc/p/rxbyt5hx

If you intend to ask questions during the call, please dial in using 877.643.7158 for domestic calls and 914.495.8565 for international calls. The conference ID is: 5988134.

A replay of the conference call will be available Tuesday, October 29, 2019 at 12:00 noon Eastern Time through noon Eastern Time on Tuesday, November 5, 2019, by dialing 855.859.2056 for domestic calls and 404.537.3406 for international calls. The replay passcode is: 5988134.

Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and fuel. Recognized as a technical leader in its products and services, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications.






FRANKLIN ELECTRIC CO., INC. AND CONSOLIDATED SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(In thousands, except per share amounts)
Third Quarter EndedNine Months Ended
September 30, 2019September 30, 2018September 30, 2019September 30, 2018
Net sales$348,416  $341,866  $994,471  $981,466  
Cost of sales230,793  228,900  667,624  653,442  
Gross profit117,623  112,966  326,847  328,024  
Selling, general, and administrative expenses74,500  72,483  226,581  223,723  
Restructuring expense404  346  1,735  990  
Operating income42,719  40,137  98,531  103,311  
Interest expense(2,037) (2,443) (6,674) (7,477) 
Other income/(expense), net(250) (422) (303) (581) 
Foreign exchange income/(expense)2,082  (1,601) 2,166  (3,151) 
Income before income taxes42,514  35,671  93,720  92,102  
Income tax expense8,439  5,739  17,706  10,916  
Net income$34,075  $29,932  $76,014  $81,186  
Less: Net (income)/loss attributable to noncontrolling interests(168) 74  (306) 491  
Net income attributable to Franklin Electric Co., Inc.$33,907  $30,006  $75,708  $81,677  
Income per share:
Basic$0.73  $0.64  $1.62  $1.74  
Diluted$0.72  $0.63  $1.61  $1.72  








FRANKLIN ELECTRIC CO., INC. AND CONSOLIDATED SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
(In thousands)
September 30, 2019December 31, 2018
ASSETS
Cash and equivalents$47,805  $59,173  
Receivables198,052  172,899  
Inventories333,810  314,049  
Other current assets37,900  33,758  
Total current assets617,567  579,879  
Property, plant, and equipment, net197,712  207,064  
Right-of-use asset, net24,822  —  
Goodwill and other assets396,839  395,422  
Total assets$1,236,940  $1,182,365  
LIABILITIES AND EQUITY
Accounts payable$94,531  $76,652  
Accrued expenses and other current liabilities73,580  67,230  
Current lease liability8,337  —  
Current maturities of long-term debt and short-term borrowings80,797  111,975  
Total current liabilities257,245  255,857  
Long-term debt93,123  94,379  
Long-term lease liability16,487  —  
Income taxes payable non-current11,965  10,881  
Deferred income taxes27,925  28,949  
Employee benefit plans33,404  38,020  
Other long-term liabilities19,964  17,934  
Redeemable noncontrolling interest(229) 518  
Total equity777,056  735,827  
Total liabilities and equity$1,236,940  $1,182,365  



FRANKLIN ELECTRIC CO., INC. AND CONSOLIDATED SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
Nine Months Ended
(In thousands)September 30, 2019September 30, 2018
Cash flows from operating activities:
Net income$76,014  $81,186  
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization27,705  28,987  
Non-Cash Lease Expense7,640  —  
Share-based compensation7,459  6,627  
Other(1,747) (1,234) 
Changes in assets and liabilities:
Receivables(27,170) (30,853) 
Inventory(19,841) (15,571) 
Accounts payable and accrued expenses27,391  (6,094) 
Operating Leases(7,637) —  
Income taxes-U.S. Tax Cuts and Jobs Act—  (7,026) 
Other411  4,396  
Net cash flows from operating activities90,225  60,418  
Cash flows from investing activities:
Additions to property, plant, and equipment(15,591) (15,108) 
Proceeds from sale of property, plant, and equipment866  432  
Acquisitions and investments(20,871) (42,085) 
Other investing activities8  388  
Net cash flows from investing activities(35,588) (56,373) 
Cash flows from financing activities:
Change in debt(31,659) (8,203) 
Proceeds from issuance of common stock2,331  8,747  
Purchases of common stock(10,301) (12,080) 
Dividends paid(20,919) (16,960) 
Purchase of redeemable non-controlling shares(487) —  
Net cash flows from financing activities(61,035) (28,496) 
Effect of exchange rate changes on cash(4,970) (1,609) 
Net change in cash and equivalents(11,368) (26,060) 
Cash and equivalents at beginning of period59,173  67,233  
Cash and equivalents at end of period$47,805  $41,173  

"Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company’s financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company’s business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases,  raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, the Company’s accounting policies, future trends, and other risks which are detailed in the


Company’s Securities and Exchange Commission filings, included in Item 1A of Part I of the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2018, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company’s Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.


 EX-101.SCH 3 fele-20191029.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 0001001 - Document - Cover link:presentationLink link:calculationLink link:definitionLink 1001002 - Statement - Statement of Financial Position link:presentationLink link:calculationLink link:definitionLink 1002003 - Statement - Statement of Income link:presentationLink link:calculationLink link:definitionLink 1003004 - Statement - Statement of Cash Flows link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 4 fele-20191029_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 5 fele-20191029_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 6 fele-20191029_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Amendment Flag Amendment Flag Document Period End Date Document Period End Date Document Type Document Type Cover page. Cover page. City Area Code City Area Code Entity Emerging Growth Company Entity Emerging Growth Company Entity File Number Entity File Number Entity Address, Postal Zip Code Entity Address, Postal Zip Code Entity Tax Identification Number Entity Tax Identification Number Entity Address, City or Town Entity Address, City or Town Security Exchange Name Security Exchange Name Entity Incorporation, State or Country Code Entity Incorporation, State or Country Code Entity Registrant Name Entity Registrant Name Pre-commencement Issuer Tender Offer Pre-commencement Issuer Tender Offer Entity Address, Address Line One Entity Address, Address Line One Entity Central Index Key Entity Central Index Key Local Phone Number Local Phone Number Written Communications Written Communications Soliciting Material Soliciting Material Entity Information, Former Legal or Registered Name Entity Information, Former Legal or Registered Name Trading Symbol Trading Symbol Entity Address, State or Province Entity Address, State or Province Title of 12(b) Security Title of 12(b) Security Pre-commencement Tender Offer Pre-commencement Tender Offer EX-101.PRE 7 fele-20191029_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT ZIP 9 0000038725-19-000221-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000038725-19-000221-xbrl.zip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end XML 11 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } JSON 12 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "fele-20191029.htm": { "axisCustom": 0, "axisStandard": 0, "contextCount": 1, "dts": { "calculationLink": { "local": [ "fele-20191029_cal.xml" ] }, "definitionLink": { "local": [ "fele-20191029_def.xml" ], "remote": [ "http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-eedm-def-2019-01-31.xml", "http://xbrl.fasb.org/srt/2019/elts/srt-eedm1-def-2019-01-31.xml" ] }, "inline": { "local": [ "fele-20191029.htm" ] }, "labelLink": { "local": [ "fele-20191029_lab.xml" ], "remote": [ "https://xbrl.sec.gov/dei/2019/dei-doc-2019-01-31.xml" ] }, "presentationLink": { "local": [ "fele-20191029_pre.xml" ] }, "referenceLink": { "remote": [ "https://xbrl.sec.gov/dei/2019/dei-ref-2019-01-31.xml" ] }, "schema": { "local": [ "fele-20191029.xsd" ], "remote": [ "http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://xbrl.fasb.org/us-gaap/2019/elts/us-roles-2019-01-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd", "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd", "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://xbrl.fasb.org/srt/2019/elts/srt-types-2019-01-31.xsd", "http://xbrl.fasb.org/srt/2019/elts/srt-roles-2019-01-31.xsd", "https://xbrl.sec.gov/country/2017/country-2017-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2019/elts/us-types-2019-01-31.xsd", "https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd" ] } }, "elementCount": 24, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2019-01-31": 3, "total": 3 }, "keyCustom": 0, "keyStandard": 97, "memberCustom": 0, "memberStandard": 0, "nsprefix": "fele", "nsuri": "http://www.franklin-electric.com/20191029", "report": { "R1": { "firstAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "fele-20191029.htm", "contextRef": "ic63242a836c6407ea13fc9536d4d2683_D20191029-20191029", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "0001001 - Document - Cover", "role": "http://www.franklin-electric.com/role/Cover", "shortName": "Cover", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "body", "html" ], "baseRef": "fele-20191029.htm", "contextRef": "ic63242a836c6407ea13fc9536d4d2683_D20191029-20191029", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 0, "tag": { "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag", "terseLabel": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.franklin-electric.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Area code of city", "label": "City Area Code", "terseLabel": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.franklin-electric.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Cover page.", "label": "Cover page.", "terseLabel": "Cover page." } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "xbrltype": "stringItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.", "label": "Document Period End Date", "terseLabel": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.franklin-electric.com/role/Cover" ], "xbrltype": "dateItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type", "terseLabel": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.franklin-electric.com/role/Cover" ], "xbrltype": "submissionTypeItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One", "terseLabel": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.franklin-electric.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town", "terseLabel": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.franklin-electric.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code", "terseLabel": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.franklin-electric.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province", "terseLabel": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.franklin-electric.com/role/Cover" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key", "terseLabel": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.franklin-electric.com/role/Cover" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company", "terseLabel": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.franklin-electric.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number", "terseLabel": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.franklin-electric.com/role/Cover" ], "xbrltype": "fileNumberItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code", "terseLabel": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.franklin-electric.com/role/Cover" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityInformationFormerLegalOrRegisteredName": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Former Legal or Registered Name of an entity", "label": "Entity Information, Former Legal or Registered Name", "terseLabel": "Entity Information, Former Legal or Registered Name" } } }, "localname": "EntityInformationFormerLegalOrRegisteredName", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.franklin-electric.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name", "terseLabel": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.franklin-electric.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r5" ], "lang": { "en-US": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number", "terseLabel": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.franklin-electric.com/role/Cover" ], "xbrltype": "employerIdItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number", "terseLabel": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.franklin-electric.com/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r2" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre-commencement Issuer Tender Offer", "terseLabel": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.franklin-electric.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r3" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre-commencement Tender Offer", "terseLabel": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.franklin-electric.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r0" ], "lang": { "en-US": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security", "terseLabel": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.franklin-electric.com/role/Cover" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r1" ], "lang": { "en-US": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name", "terseLabel": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.franklin-electric.com/role/Cover" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r4" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material", "terseLabel": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.franklin-electric.com/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol", "terseLabel": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.franklin-electric.com/role/Cover" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r6" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications", "terseLabel": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.franklin-electric.com/role/Cover" ], "xbrltype": "booleanItemType" } }, "unitCount": 0 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12" }, "r5": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r6": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425" } }, "version": "2.1" } XML 13 fele-20191029_htm.xml IDEA: XBRL DOCUMENT 0000038725 2019-10-29 2019-10-29 0000038725 false FRANKLIN ELECTRIC CO INC 8-K 2019-10-29 IN 0-362 35-0827455 9255 Coverdale Road Fort Wayne, IN 46809 260 824-2900 Not Applicable false false false false Common Stock, $0.10 par value FELE NASDAQ false XML 14 R1.htm IDEA: XBRL DOCUMENT v3.19.3
Cover
Oct. 29, 2019
Cover page.  
Document Type 8-K
Document Period End Date Oct. 29, 2019
Entity Registrant Name FRANKLIN ELECTRIC CO INC
Entity Incorporation, State or Country Code IN
Entity File Number 0-362
Entity Tax Identification Number 35-0827455
Entity Address, Address Line One 9255 Coverdale Road
Entity Address, City or Town Fort Wayne,
Entity Address, State or Province IN
Entity Address, Postal Zip Code 46809
City Area Code 260
Local Phone Number 824-2900
Entity Information, Former Legal or Registered Name Not Applicable
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $0.10 par value
Trading Symbol FELE
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Entity Central Index Key 0000038725
Amendment Flag false
XML 15 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 16 FilingSummary.xml IDEA: XBRL DOCUMENT 3.19.3 html 1 97 1 false 0 0 false 0 false false R1.htm 0001001 - Document - Cover Sheet http://www.franklin-electric.com/role/Cover Cover Cover 1 false false All Reports Book All Reports fele-20191029.htm a201910298-kexhibit991.htm fele-20191029.xsd fele-20191029_cal.xml fele-20191029_def.xml fele-20191029_lab.xml fele-20191029_pre.xml http://xbrl.sec.gov/dei/2019-01-31 true true EXCEL 17 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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