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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net sales $ 348,416 $ 341,866 $ 994,471 $ 981,466
Cost of sales 230,793 228,900 667,624 653,442
Gross profit 117,623 112,966 326,847 328,024
Selling, general, and administrative expenses 74,500 72,483 226,581 223,723
Restructuring expense 404 346 1,735 990
Operating income 42,719 40,137 98,531 103,311
Interest (expense) (2,037) (2,443) (6,674) (7,477)
Other (expense), net (250) (422) (303) (581)
Foreign exchange income/(expense) 2,082 (1,601) 2,166 (3,151)
Income before income taxes 42,514 35,671 93,720 92,102
Income tax expense 8,439 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 earnings per share (in dollars per share) $ 0.73 $ 0.64 $ 1.62 $ 1.74
Diluted earnings per share (in dollars per share) $ 0.72 $ 0.63 $ 1.61 $ 1.72