EARNINGS PER SHARE (Tables)

6 Months Ended

Jul. 04, 2015

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:

	Second Quarter Ended				Six Months Ended
(In millions, except per share amounts)	July 4, 2015		June 28, 2014		July 4, 2015		June 28, 2014
Numerator:
Net income attributable to Franklin Electric Co., Inc.	$	16.2	$	27.1	$	36.0	$	44.0
Less: Undistributed earnings allocated to participating securities	0.1		0.3		0.3		0.5
Less: Undistributed earnings allocated to redeemable noncontrolling interest	0.1		0.2		0.2		0.2
	$	16.0	$	26.6	$	35.5	$	43.3
Denominator:
Basic
Weighted average common shares	47.6		47.6		47.6		47.7
Diluted
Effect of dilutive securities:
Non-participating employee incentive stock options and performance awards	0.5		0.6		0.5		0.6
Adjusted weighted average common shares	48.1		48.2		48.1		48.3
Basic earnings per share	$	0.33	$	0.56	$	0.74	$	0.91
Diluted earnings per share	$	0.33	$	0.55	$	0.74	$	0.90
Anti-dilutive stock options	0.3		0.1		0.3		0.1