EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 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:

(In millions, except per share amounts)	2023		2022		2021
Numerator:
Net income attributable to Franklin Electric Co., Inc.	$	193.3	$	187.3	$	153.9
Less: Earnings allocated to participating securities	0.7		0.7		0.9
Net income available to common shareholders	$	192.6	$	186.6	$	153.0
Denominator:
Basic weighted average common shares outstanding	46.2		46.3		46.4
Effect of dilutive securities:
Non-participating employee stock options, performance awards, and deferred shares to non-employee directors	0.7		0.7		0.6
Diluted weighted average common shares outstanding	46.9		47.0		47.0
Basic earnings per share	$	4.17	$	4.02	$	3.29
Diluted earnings per share	$	4.11	$	3.97	$	3.25