EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2022

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, 2022		March 31, 2021
Numerator:
Net income attributable to Franklin Electric Co., Inc.	$	29.8	$	27.9
Less: Earnings allocated to participating securities	0.1		0.2
Net income available to common shareholders	$	29.7	$	27.7
Denominator:
Basic weighted average common shares outstanding	46.4		46.3
Effect of dilutive securities:
Non-participating employee stock options, performance awards, and deferred shares to non-employee directors	0.7		0.6
Diluted weighted average common shares outstanding	47.1		46.9
Basic earnings per share	$	0.64	$	0.60
Diluted earnings per share	$	0.63	$	0.59