EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2023

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:

	First Quarter Ended
(In millions, except per share amounts)	March 31, 2023		March 31, 2022
Numerator:
Net income attributable to Franklin Electric Co., Inc.	$	37.3	$	29.8
Less: Earnings allocated to participating securities	0.1		0.1
Net income available to common shareholders	$	37.2	$	29.7
Denominator:
Basic weighted average common shares outstanding	46.2		46.4
Effect of dilutive securities:
Non-participating employee stock options, performance awards, and deferred shares to non-employee directors	0.7		0.7
Diluted weighted average common shares outstanding	46.9		47.1
Basic earnings per share	$	0.81	$	0.64
Diluted earnings per share	$	0.79	$	0.63