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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Net sales $ 484,551 $ 451,470
Cost of sales 322,286 306,136
Gross profit 162,265 145,334
Selling, general, and administrative expenses 109,535 104,673
Restructuring expense 124 720
Operating income 52,606 39,941
Interest expense (3,147) (1,494)
Other income/(expense), net 409 (378)
Foreign exchange income/(expense) (2,044) (585)
Income before income taxes 47,824 37,484
Income tax expense 10,248 7,365
Net income 37,576 30,119
Less: Net (income)/loss attributable to noncontrolling interests (251) (354)
Net income attributable to Franklin Electric Co., Inc. $ 37,325 $ 29,765
Earnings per share:    
Basic $ 0.81 $ 0.64
Diluted $ 0.79 $ 0.63