EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 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:

	Second Quarter Ended				Six Months Ended
(In millions, except per share amounts)	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Numerator:
Net income attributable to Franklin Electric Co., Inc.	$	24.7	$	32.7	$	35.3	$	41.8
Less: Earnings allocated to participating securities	0.2		0.2		0.2		0.3
Net income available to common shareholders	$	24.5	$	32.5	$	35.1	$	41.5
Denominator:
Basic weighted average common shares outstanding	46.2		46.3		46.3		46.3
Effect of dilutive securities:
Non-participating employee stock options and performance awards	0.3		0.4		0.4		0.4
Diluted weighted average common shares outstanding	46.5		46.7		46.7		46.7
Basic earnings per share	$	0.53	$	0.70	$	0.76	$	0.89
Diluted earnings per share	$	0.52	$	0.70	$	0.75	$	0.89