EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024		March 31, 2023
Numerator:
Net income attributable to Franklin Electric Co., Inc.	$	33.0	$	37.3
Less: Earnings allocated to participating securities	0.1		0.1
Net income available to common shareholders	$	32.9	$	37.2
Denominator:
Basic weighted average common shares outstanding	46.1		46.2
Effect of dilutive securities:
Non-participating employee stock options, performance awards, and deferred shares to non-employee directors	0.6		0.7
Diluted weighted average common shares outstanding	46.7		46.9
Basic earnings per share	$	0.71	$	0.81
Diluted earnings per share	$	0.70	$	0.79