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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Net sales $ 2,065,133 $ 2,043,711 $ 1,661,865
Cost of sales 1,368,125 1,352,276 1,085,776
Gross profit 697,008 691,435 576,089
Selling, general, and administrative expenses 433,476 432,076 386,275
Restructuring expense 1,091 2,170 621
Operating income 262,441 257,189 189,193
Interest expense (11,790) (11,525) (5,196)
Other income/(expense), net 3,696 (3,201) 7,978
Foreign exchange expense (12,124) (7,236) (2,269)
Income before income taxes 242,223 235,227 189,706
Income tax expense 47,489 46,416 34,731
Net income 194,734 188,811 154,975
Less: Net income attributable to noncontrolling interests (1,462) (1,479) (1,115)
Net income attributable to Franklin Electric Co., Inc. $ 193,272 $ 187,332 $ 153,860
Earnings per share:      
Basic $ 4.17 $ 4.02 $ 3.29
Diluted $ 4.11 $ 3.97 $ 3.25