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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
Net sales $ 460,900 $ 484,551
Cost of sales 297,320 322,286
Gross profit 163,580 162,265
Selling, general, and administrative expenses 115,644 109,535
Restructuring expense 0 124
Operating income 47,936 52,606
Interest expense (1,448) (3,147)
Other income, net 706 409
Foreign exchange expense (4,880) (2,044)
Income before income taxes 42,314 47,824
Income tax expense 9,222 10,248
Net income 33,092 37,576
Less: Net income attributable to noncontrolling interests (133) (251)
Net income attributable to Franklin Electric Co., Inc. $ 32,959 $ 37,325
Earnings per share:    
Basic $ 0.71 $ 0.81
Diluted $ 0.70 $ 0.79