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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net sales $ 551,672 $ 459,019 $ 1,554,280 $ 1,229,345
Cost of sales 361,077 295,903 1,029,063 798,444
Gross profit 190,595 163,116 525,217 430,901
Selling, general, and administrative expenses 109,366 106,446 322,352 288,534
Restructuring expense 1,185 76 1,898 381
Operating income 80,044 56,594 200,967 141,986
Interest expense (3,066) (1,384) (7,492) (3,840)
Other income/(expense), net (1,250) 2,061 (2,787) 1,531
Foreign exchange income/(expense) (3,376) (408) (4,290) (1,654)
Income before income taxes 72,352 56,863 186,398 138,023
Income tax expense 13,380 10,409 37,544 24,043
Net income 58,972 46,454 148,854 113,980
Less: Net (income)/loss attributable to noncontrolling interests (348) (282) (1,101) (787)
Net income attributable to Franklin Electric Co., Inc. $ 58,624 $ 46,172 $ 147,753 $ 113,193
Earnings per share:        
Basic $ 1.26 $ 0.99 $ 3.17 $ 2.43
Diluted $ 1.24 $ 0.98 $ 3.13 $ 2.40