EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 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:

(In millions, except per share amounts)	2022		2021		2020
Numerator:
Net income attributable to Franklin Electric Co., Inc.	$	187.3	$	153.9	$	100.5
Less: Earnings allocated to participating securities	0.7		0.9		0.7
Net income available to common shareholders	$	186.6	$	153.0	$	99.8
Denominator:
Basic weighted average common shares outstanding	46.3		46.4		46.2
Effect of dilutive securities:
Non-participating employee stock options, performance awards, and deferred shares to non-employee directors	0.7		0.6		0.5
Diluted weighted average common shares outstanding	47.0		47.0		46.7
Basic earnings per share	$	4.02	$	3.29	$	2.16
Diluted earnings per share	$	3.97	$	3.25	$	2.14