EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 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:

	Third Quarter Ended				Nine Months Ended
(In millions, except per share amounts)	September 30, 2020		September 30, 2019		September 30, 2020		September 30, 2019
Numerator:
Net income attributable to Franklin Electric Co., Inc.	$	38.4	$	33.9	$	73.7	$	75.7
Less: Earnings allocated to participating securities	0.3		0.2		0.5		0.5
Net income available to common shareholders	$	38.1	$	33.7	$	73.2	$	75.2
Denominator:
Basic weighted average common shares outstanding	46.2		46.4		46.2		46.3
Effect of dilutive securities:
Non-participating employee stock options and performance awards	0.4		0.3		0.4		0.4
Diluted weighted average common shares outstanding	46.6		46.7		46.6		46.7
Basic earnings per share	$	0.82	$	0.73	$	1.58	$	1.62
Diluted earnings per share	$	0.82	$	0.72	$	1.57	$	1.61