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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net sales $ 459,019 $ 351,190 $ 1,229,345 $ 926,225
Cost of sales 295,903 226,893 798,444 604,489
Gross profit 163,116 124,297 430,901 321,736
Selling, general, and administrative expenses 106,446 75,472 288,534 223,409
Restructuring expense 76 441 381 2,189
Operating income 56,594 48,384 141,986 96,138
Interest expense (1,384) (1,130) (3,840) (3,496)
Other income/(expense), net 2,061 (463) 1,531 (1,062)
Foreign exchange income/(expense) (408) (140) (1,654) (84)
Income before income taxes 56,863 46,651 138,023 91,496
Income tax (benefit)/expense 10,409 8,076 24,043 17,327
Net income 46,454 38,575 113,980 74,169
Less: Net (income)/expense attributable to noncontrolling interests (282) (203) (787) (503)
Net income attributable to Franklin Electric Co., Inc. $ 46,172 $ 38,372 $ 113,193 $ 73,666
Income per share:        
Basic $ 0.99 $ 0.82 $ 2.43 $ 1.58
Diluted $ 0.98 $ 0.82 $ 2.40 $ 1.57