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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 351,190 $ 348,416 $ 926,225 $ 994,471
Cost of sales 226,893 230,793 604,489 667,624
Gross profit 124,297 117,623 321,736 326,847
Selling, general, and administrative expenses 75,472 74,500 223,409 226,581
Restructuring expense 441 404 2,189 1,735
Operating income 48,384 42,719 96,138 98,531
Interest expense (1,130) (2,037) (3,496) (6,674)
Other income/(expense), net (463) (250) (1,062) (303)
Foreign exchange income/(expense) (140) 2,082 (84) 2,166
Income before income taxes 46,651 42,514 91,496 93,720
Income tax expense 8,076 8,439 17,327 17,706
Net income 38,575 34,075 74,169 76,014
Less: Net (income)/expense attributable to noncontrolling interests (203) (168) (503) (306)
Net income attributable to Franklin Electric Co., Inc. $ 38,372 $ 33,907 $ 73,666 $ 75,708
Income per share:        
Basic $ 0.82 $ 0.73 $ 1.58 $ 1.62
Diluted $ 0.82 $ 0.72 $ 1.57 $ 1.61