XML 15 R2.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net sales $ 551,138 $ 437,280 $ 1,002,608 $ 770,326
Cost of sales 361,850 285,041 667,986 502,541
Gross profit 189,288 152,239 334,622 267,785
Selling, general, and administrative expenses 108,313 100,485 212,986 182,088
Restructuring (income)/expense (7) 153 713 305
Operating income 80,982 51,601 120,923 85,392
Interest expense (2,932) (1,366) (4,426) (2,456)
Other income/(expense), net (1,159) (430) (1,537) (530)
Foreign exchange income/(expense) (329) (1,189) (914) (1,246)
Income before income taxes 76,562 48,616 114,046 81,160
Income tax expense 16,799 9,253 24,164 13,634
Net income 59,763 39,363 89,882 67,526
Less: Net (income)/loss attributable to noncontrolling interests (399) (222) (753) (505)
Net income attributable to Franklin Electric Co., Inc. $ 59,364 $ 39,141 $ 89,129 $ 67,021
Earnings per share:        
Basic $ 1.27 $ 0.84 $ 1.91 $ 1.44
Diluted $ 1.26 $ 0.83 $ 1.89 $ 1.42