EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2021

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, 2021		March 31, 2020
Numerator:
Net income attributable to Franklin Electric Co., Inc.	$	27.9	$	10.6
Less: Earnings allocated to participating securities	0.2		—
Net income available to common shareholders	$	27.7	$	10.6
Denominator:
Basic weighted average common shares outstanding	46.3		46.4
Effect of dilutive securities:
Non-participating employee stock options and performance awards	0.6		0.4
Diluted weighted average common shares outstanding	46.9		46.8
Basic earnings per share	$	0.60	$	0.23
Diluted earnings per share	$	0.59	$	0.23