EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2020

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:

	First Quarter Ended
(In millions, except per share amounts)	March 31, 2020		March 31, 2019
Numerator:
Net income attributable to Franklin Electric Co., Inc.	$	10.6	$	9.1
Less: Earnings allocated to participating securities	—		0.1
Net income available to common shareholders	$	10.6	$	9.0
Denominator:
Basic weighted average common shares outstanding	46.4		46.3
Effect of dilutive securities:
Non-participating employee stock options and performance awards	0.4		0.4
Diluted weighted average common shares outstanding	46.8		46.7
Basic earnings per share	$	0.23	$	0.19
Diluted earnings per share	$	0.23	$	0.19