XML 37 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 04, 2015
Jun. 28, 2014
Jul. 04, 2015
Jun. 28, 2014
Income Statement        
Net sales $ 247,427 $ 284,466 $ 473,155 $ 515,887
Cost of sales 167,219 185,072 321,457 338,382
Gross profit 80,208 99,394 151,698 177,505
Selling, general, and administrative expenses 56,278 59,971 111,438 111,986
Restructuring expense 758 295 1,221 431
Operating income 23,172 39,128 39,039 65,088
Interest expense (2,405) (2,510) (5,113) (5,294)
Other income, net 1,390 871 4,409 1,196
Foreign exchange income/(expense) (359) 328 57 (92)
Income before income taxes 21,798 37,817 38,392 60,898
Income tax expense 5,360 10,359 1,978 16,019
Net income 16,438 27,458 36,414 44,879
Less: Net income attributable to noncontrolling interests (274) (384) (455) (848)
Net income attributable to Franklin Electric Co., Inc. $ 16,164 $ 27,074 $ 35,959 $ 44,031
Income per share:        
Basic (in dollars per share) $ 0.33 $ 0.56 $ 0.74 $ 0.91
Diluted (in dollars per share) 0.33 0.55 0.74 0.90
Dividends per common share $ 0.0975 $ 0.0900 $ 0.1875 $ 0.1675