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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales $ 308,281 $ 355,340 $ 575,035 $ 646,055
Cost of sales 201,159 235,622 377,596 436,831
Gross profit 107,122 119,718 197,439 209,224
Selling, general, and administrative expenses 72,314 75,782 147,937 152,081
Restructuring expense 875 245 1,748 1,331
Operating income 33,933 43,691 47,754 55,812
Interest expense (1,132) (2,295) (2,366) (4,637)
Other expense, net (397) (292) (599) (53)
Foreign exchange income/(expense) (906) (505) 56 84
Income before income taxes 31,498 40,599 44,845 51,206
Income tax expense 6,696 7,787 9,251 9,267
Net income 24,802 32,812 35,594 41,939
Less: Net (income) attributable to noncontrolling interests (151) (67) (300) (138)
Net income attributable to Franklin Electric Co., Inc. $ 24,651 $ 32,745 $ 35,294 $ 41,801
Income per share:        
Basic earnings per share (in dollars per share) $ 0.53 $ 0.70 $ 0.76 $ 0.89
Diluted earnings per share (in dollars per share) $ 0.52 $ 0.70 $ 0.75 $ 0.89