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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]      
Net sales $ 1,314,578 $ 1,298,129 $ 1,124,909
Cost of sales 886,475 865,763 747,927
Gross profit 428,103 432,366 376,982
Selling, general, and administrative expenses 298,451 298,706 265,447
Restructuring expense 2,519 1,666 4,307
Operating income 127,133 131,994 107,228
Interest expense (8,245) (9,839) (10,322)
Other income/(expense), net (412) (1,042) 6,656
Foreign exchange income/(expense) (1,641) (706) 1,025
Income before income taxes 116,835 120,407 104,587
Income tax expense 20,836 14,890 25,994
Net income 95,999 105,517 78,593
Less: Net loss/(income) attributable to noncontrolling interests (516) 360 (413)
Net income attributable to Franklin Electric Co., Inc. $ 95,483 $ 105,877 $ 78,180
Income per share:      
Basic earnings per share (in dollars per share) $ 2.04 $ 2.25 $ 1.67
Diluted earnings per share (in dollars per share) $ 2.03 $ 2.23 $ 1.65