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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Net sales $ 2,043,711 $ 1,661,865 $ 1,247,331
Cost of sales 1,352,276 1,085,776 814,192
Gross profit 691,435 576,089 433,139
Selling, general, and administrative expenses 432,076 386,275 300,122
Restructuring expense 2,170 621 2,506
Operating income 257,189 189,193 130,511
Interest expense (11,525) (5,196) (4,627)
Other income/(expense), net (3,201) 7,978 (795)
Foreign exchange income/(expense) (7,236) (2,269) (1,392)
Income before income taxes 235,227 189,706 123,697
Income tax expense 46,416 34,731 22,540
Net income 188,811 154,975 101,157
Less: Net loss/(income) attributable to noncontrolling interests (1,479) (1,115) (697)
Net income attributable to Franklin Electric Co., Inc. $ 187,332 $ 153,860 $ 100,460
Earnings per share:      
Basic $ 4.02 $ 3.29 $ 2.16
Diluted $ 3.97 $ 3.25 $ 2.14