EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2019

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, 2019		September 30, 2018		September 30, 2019		September 30, 2018
Numerator:
Net income attributable to Franklin Electric Co., Inc.	$	33.9	$	30.0	$	75.7	$	81.7
Less: Earnings allocated to participating securities	0.2		0.2		0.5		0.6
Net income available to common shareholders	$	33.7	$	29.8	$	75.2	$	81.1
Denominator:
Basic weighted average common shares outstanding	46.4		46.7		46.3		46.7
Effect of dilutive securities:
Non-participating employee stock options and performance awards	0.3		0.5		0.4		0.5
Diluted weighted average common shares outstanding	46.7		47.2		46.7		47.2
Basic earnings per share	$	0.73	$	0.64	$	1.62	$	1.74
Diluted earnings per share	$	0.72	$	0.63	$	1.61	$	1.72