Franklin Electric (FELE) 10-Q 8 May 14 2014 Q1 Quarterly report Financial data

DOCUMENT_AND_ENTITY_INFORMATIO

DOCUMENT AND ENTITY INFORMATION	3 Months Ended
	Mar. 29, 2014	Apr. 30, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'FRANKLIN ELECTRIC CO INC	'
Entity Central Index Key	'0000038725	'
Current Fiscal Year End Date	'--01-03	'
Entity Filer Category	'Large Accelerated Filer	'
Document Type	'10-Q	'
Document Period End Date	29-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	47,703,710

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Income Statement	'	'
Net sales	$231,421	$222,524
Cost of sales	153,310	148,583
Gross profit	78,111	73,941
Selling, general, and administrative expenses	52,015	50,065
Restructuring expense	136	710
Operating income	25,960	23,166
Interest expense	-2,784	-2,590
Other income	325	447
Foreign exchange expense	-420	-171
Income before income taxes	23,081	20,852
Income taxes	5,660	5,237
Net income	17,421	15,615
Less: Net income attributable to noncontrolling interests	-464	-159
Net income attributable to Franklin Electric Co., Inc.	$16,957	$15,456
Income per share:	'	'
Basic (in dollars per share)	$0.35	$0.32
Diluted (in dollars per share)	$0.35	$0.32
Dividends per common share (in dollars per share)	$0.08	$0.07

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Net income	$17,421	$15,615
Other comprehensive income/(loss), before tax:	'	'
Foreign currency translation adjustments	2,178	-5,789
Employee benefit plan activity	745	970
Other comprehensive income/(loss)	2,923	-4,819
Income tax related to items of other comprehensive income	-257	-380
Other comprehensive income/(loss), net of tax	2,666	-5,199
Comprehensive income	20,087	10,416
Comprehensive income/(loss) attributable to noncontrolling interest	326	-279
Comprehensive income attributable to Franklin Electric Co., Inc.	$19,761	$10,695

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 29, 2014	Dec. 28, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$102,137	$134,553
Receivables, less allowances of $3,122 and $3,015, respectively	147,101	115,127
Inventories:	'	'
Raw material	86,501	71,909
Work-in-process	19,552	17,978
Finished goods	117,080	101,674
Total inventories	223,133	191,561
Deferred income taxes	9,761	10,072
Other current assets	27,172	21,041
Total current assets	509,304	472,354
Property, plant, and equipment, at cost:	'	'
Land and buildings	120,606	121,154
Machinery and equipment	230,974	227,521
Furniture and fixtures	35,198	32,104
Other	27,840	26,844
Property, plant, and equipment, gross	414,618	407,623
Less: Allowance for depreciation	-204,288	-199,027
Property, plant, and equipment, net	210,330	208,596
Asset held for sale	0	1,750
Deferred income tax	2,695	2,969
Intangible assets, net	146,973	148,663
Goodwill	207,730	207,220
Other assets	12,708	10,321
Total assets	1,089,740	1,051,873
Current liabilities:	'	'
Accounts payable	81,133	57,755
Deferred tax liability	1,227	1,227
Accrued expenses	47,376	62,081
Income taxes	1,939	2,048
Current maturities of long-term debt and short-term borrowings	30,607	15,363
Total current liabilities	162,282	138,474
Long-term debt	173,654	174,166
Deferred income taxes	54,347	54,618
Employee benefit plans	38,457	41,685
Other long-term liabilities	39,535	39,543
Commitments and contingencies (see Note 16)	0	0
Redeemable noncontrolling interest	5,288	5,171
Shareowners' equity:	'	'
Common stock (65,000 shares authorized, $.10 par value) outstanding (47,692 and 47,715, respectively)	4,769	4,771
Additional capital	198,089	194,810
Retained earnings	462,526	450,855
Accumulated other comprehensive loss	-51,925	-54,729
Total shareowners' equity	613,459	595,707
Noncontrolling interest	2,718	2,509
Total equity	616,177	598,216
Total liabilities and equity	$1,089,740	$1,051,873

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 29, 2014	Dec. 28, 2013
In Thousands, except Per Share data, unless otherwise specified
Current assets:	'	'
Allowance for doubtful accounts (in dollars)	$3,122	$3,015
Shareowners' equity:	'	'
Common shares, authorized (in shares)	65,000	65,000
Common shares, par value (in dollars per share)	$0.10	$0.10
Common shares, outstanding	47,692	47,715

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Cash flows from operating activities:	'	'
Net income	$17,421	$15,615
Adjustments to reconcile net income to net cash flows from operating activities:	'	'
Depreciation and amortization	8,847	7,367
Share-based compensation	1,392	2,158
Deferred income taxes	-214	-2,623
(Gain)/loss on disposals of plant and equipment	5	-1
Foreign exchange expense	420	171
Excess tax from share-based payment arrangements	-1,448	-2,063
Changes in assets and liabilities, net of acquisitions:	'	'
Receivables	-31,451	-28,686
Inventory	-31,408	-17,038
Accounts payable and accrued expenses	8,408	-8,441
Income taxes	1,117	2,459
Employee benefit plans	-2,551	-1,485
Other	-5,918	1,788
Net cash flows from operating activities	-35,380	-30,779
Cash flows from investing activities:	'	'
Additions to property, plant, and equipment	-8,172	-16,515
Proceeds from sale of property, plant, and equipment	1,592	55
Additions to intangibles	0	48
Cash paid for minority equity investment	-2,449	0
Net cash flows from investing activities	-9,029	-16,412
Cash flows from financing activities:	'	'
Proceeds from issuance of debt	21,191	25,101
Repayment of debt	-6,550	-85
Proceeds from issuance of common stock	635	4,128
Excess tax from share-based payment arrangements	1,448	2,063
Purchases of common stock	-1,581	-2,504
Dividends paid	-3,709	-3,417
Payment of contingent consideration liability	0	-5,555
Net cash flows from financing activities	11,434	19,731
Effect of exchange rate changes on cash	559	-1,212
Net change in cash and equivalents	-32,416	-28,672
Cash and equivalents at beginning of period	134,553	103,338
Cash and equivalents at end of period	102,137	74,666
Cash paid for income taxes	7,905	4,430
Cash paid for interest, net of capitalized interest of $0 and $235, respectively	3,002	2,379
Non-cash items:	'	'
Additions to property, plant, and equipment, not yet paid	$610	$1,297

CONSOLIDATED_STATEMENTS_OF_CAS1

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Capitalized interest	$0	$235

CONDENSED_CONSOLIDATED_FINANCI

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS	3 Months Ended
	Mar. 29, 2014
CONDENSED AND CONSOLIDATED FINANCIAL STATEMENTS [Abstract]	'
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS	'
	1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
	The accompanying condensed consolidated balance sheet as of December 28, 2013, which has been derived from audited financial statements, and the unaudited interim condensed consolidated financial statements as of March 29, 2014, and for the first quarters ended March 29, 2014 and March 30, 2013, have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Certain information and note disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to those rules and regulations.  In the opinion of management, all accounting entries and adjustments (including normal, recurring adjustments) considered necessary for a fair presentation of the financial position and the results of operations for the interim period have been made. Operating results for the first quarter ended March 29, 2014, are not necessarily indicative of the results that may be expected for the fiscal year ending January 3, 2015. For further information, including a description of the Company’s critical accounting policies, refer to the consolidated financial statements and notes thereto included in Franklin Electric Co., Inc.'s Annual Report on Form 10-K/A for the year ended December 28, 2013.

ACCOUNTING_PRONOUNCEMENTS

ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 29, 2014
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]	'
ACCOUNTING PRONOUCEMENTS	'
	ACCOUNTING PRONOUNCEMENTS
	In April 2014, FASB issued ASU 2014-08 Presentation of Financial Statements and Property, Plant and Equipment: Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. ASU No. 2014-08 raises the threshold for a disposal to qualify as a discontinued operation and requires new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. ASU No. 2014-08 is effective for annual periods beginning after December 15, 2014, and interim periods within annual periods beginning on or after December 15, 2015, with early adoption permitted. The Company has adopted this standard with no impact on the Company’s consolidated financial position, results of operations, or cash flows.

ACQUISITIONS

ACQUISITIONS	3 Months Ended
	Mar. 29, 2014
Business Combinations [Abstract]	'
ACQUISITIONS	'
	ACQUISITIONS
	Transaction costs were expensed as incurred under the guidance of FASB ASC Topic 805, Business Combinations. Transaction costs included in selling, general, and administrative expenses in the Company’s condensed consolidated statement of income for the first quarter ended March 29, 2014, was $0.1 million. No transaction costs were included in selling, general, and administrative expenses for the first quarter ended March 30, 2013.

REDEEMABLE_NONCONTROLLING_INTE

REDEEMABLE NONCONTROLLING INTERESTS	3 Months Ended
	Mar. 29, 2014
Noncontrolling Interest [Abstract]	'
REDEEMABLE NONCONTROLLING INTERESTS	'
	REDEEMABLE NONCONTROLLING INTERESTS
	On May 2, 2011, the Company completed the acquisition of 80 percent of Impo Motor Pompa Sanayi ve Ticaret A.S. ("Impo"). The 20 percent noncontrolling interest was recorded at fair value as of the acquisition date. The noncontrolling interest holders have the option, which is embedded in the noncontrolling interest, to require the Company to redeem their ownership interests after May 2, 2014, three years after the original agreement was signed. The combination of a noncontrolling interest and a redemption feature resulted in a redeemable noncontrolling interest.
	The noncontrolling interest in Impo is redeemable at other than fair value as the redemption value is determined based on a specified formula.  The noncontrolling interest becomes redeemable after the passage of time, and therefore the Company records the carrying amount of the noncontrolling interest at the greater of (1) the initial carrying amount, increased or decreased for each noncontrolling interest's share of net income or loss and its share of other comprehensive income or loss and dividends (“carrying amount”) or (2) the redemption value which is determined based on the greater of the redemption floor value or the then-current specified earnings multiple.  As of March 29, 2014, the Impo redeemable noncontrolling interest was recorded at the carrying amount.
	According to FASB ASC Topic 810, Consolidation and Emerging Issues Task Force ("EITF") Topic No. D-98, Classification and Measurement of Redeemable Securities, redeemable noncontrolling interests issued in the form of common securities, to the extent that the noncontrolling interest holder has a contractual right to receive an amount upon share redemption that is other than the fair value of such shares, then the noncontrolling interest holder has, in substance, received a dividend distribution that is different from other common shareholders. Therefore, adjustments to the noncontrolling interest to reflect the redemption amount should be reflected in the computation of earnings per share using the two-class method. Under the two-class method, the Company has elected to treat as a dividend only the portion of the periodic redemption value adjustment (if any) that reflects a redemption value in excess of carrying value.  No adjustments were necessary for the first quarters ended March 29, 2014 or March 30, 2013.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 29, 2014
Fair Value Disclosures [Abstract]	'
FAIR VALUE MEASUREMENTS	'
	FAIR VALUE MEASUREMENTS
	FASB ASC Topic 820, Fair Value Measurements and Disclosures, provides guidance for defining, measuring, and disclosing fair value within an established framework and hierarchy. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The standard established a fair value hierarchy which requires an entity to maximize the use of observable inputs and to minimize the use of unobservable inputs when measuring fair value. The three levels of inputs that may be used to measure fair value within the hierarchy are as follows:
	Level 1 – Quoted prices for identical assets and liabilities in active markets;
	Level 2 – Quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and
	Level 3 – Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.
	As of March 29, 2014 and December 28, 2013, the assets and liabilities measured at fair value on a recurring basis were as set forth in the table below.
		March 29, 2014		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs		Significant Unobservable Inputs (Level 3)		Recognized Loss
						(Level 2)
	(In millions)
	Cash equivalents	$	8.2	$	8.2	$	—	$	—	$	—
		December 28, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Recognized Loss
	Cash equivalents	$	6.6	$	6.6	$	—	$	—	$	—
	The Company's Level 1 assets consist of cash equivalents which are generally comprised of domestic money market funds invested in high quality, short-term liquid assets, and foreign bank guaranteed certificates of deposit.
	The Company has no assets or liabilities classified as Level 2 or Level 3.

FINANCIAL_INSTRUMENTS

FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 29, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
FINANCIAL INSTRUMENTS	'
	FINANCIAL INSTRUMENTS
	The Company’s deferred compensation stock program is subject to variable plan accounting and, accordingly, is adjusted for changes in the Company’s stock price at the end of each reporting period. During February 2014, the Company entered into a share swap transaction agreement (the "swap") to mitigate the Company’s exposure to these fluctuations in the Company's stock price. The swap was not designated as a hedge for accounting purposes and is cancellable with 30 days written notice by either party. The swap has a notional value of 134,000 shares. As of March 29, 2014, the swap transaction resulted in a loss of $0.2 million. All gains or losses and expenses related to the total return swap are recorded in the Company's consolidated statement of income within the “Selling, general, and administrative expenses” line.

OTHER_ASSETS

OTHER ASSETS	3 Months Ended
	Mar. 29, 2014
Equity Method Investments and Joint Ventures [Abstract]	'
OTHER ASSETS	'
	OTHER ASSETS
	The Company has equity interests in various companies for various strategic purposes. The investments are accounted for under the equity method and are included in “Other assets” on the Company’s consolidated balance sheet. The carrying amount of the investment is adjusted for the Company's proportionate share of earnings, losses, and dividends. The investments are not considered material to the Company’s financial position, neither individually nor in aggregate. The Company’s proportionate share of earnings from its equity interests, included in the "Other income/(expense)" line of the Company's consolidated statements of income, were immaterial for the quarter ended March 29, 2014.
	The Company has a loan agreement with the parent company of a customer.  The current maturity is included in "Receivables" and the long-term portion is included in "Other assets" on the Company's consolidated balance sheet. The agreement provides for interest on the loan at a variable market interest rate with the customer to repay the loan plus interest in semi-annual installments. The Company has a long-term relationship with the customer and considers the loan fully collectible. The loan is not considered material to the Company’s financial position.

GOODWILL_AND_OTHER_INTANGIBLE_

GOODWILL AND OTHER INTANGIBLE ASSETS	3 Months Ended
	Mar. 29, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
GOODWILL AND OTHER INTANGIBLE ASSETS	'
	GOODWILL AND OTHER INTANGIBLE ASSETS
	The carrying amounts of the Company’s intangible assets are as follows:
	(In millions)	March 29, 2014					December 28, 2013
		Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
	Amortized intangibles:
	Patents	$	7.8	$	(6.0	)	$	7.8	$	(5.9	)
	Supply agreements	4.4		(4.4		)	4.4		(4.4		)
	Technology	7.5		(3.9		)	7.5		(3.8		)
	Customer relationships	125.3		(31.6		)	125.1		(29.7		)
	Software	2.1		(0.4		)	2.1		(0.4		)
	Other	1.3		(1.3		)	1.3		(1.2		)
	Total	$	148.4	$	(47.6	)	$	148.2	$	(45.4	)
	Unamortized intangibles:
	Trade names	46.1		—			45.9		—
	Total intangibles	$	194.5	$	(47.6	)	$	194.1	$	(45.4	)
	Amortization expense related to intangible assets for first quarters ended March 29, 2014 and March 30, 2013 was $2.0 million and $2.0 million, respectively.
	Amortization expense for each of the five succeeding years is projected as follows:
	(In millions)	2014		2015			2016		2017			2018
		$	8.1	$	8.1		$	8.1	$	7.8		$	7.7
	The change in the carrying amount of goodwill by reporting segment for the first quarter ended March 29, 2014, is as follows:
	(In millions)
		Water Systems		Fueling Systems			Consolidated
	Balance as of December 28, 2013	$	144.1	$	63.1		$	207.2
	Foreign currency translation	0.4		0.1			0.5
	Balance as of March 29, 2014	$	144.5	$	63.2		$	207.7

EMPLOYEE_BENEFIT_PLANS

EMPLOYEE BENEFIT PLANS	3 Months Ended
	Mar. 29, 2014
Compensation and Retirement Disclosure [Abstract]	'
EMPLOYEE BENEFIT PLANS	'
	EMPLOYEE BENEFIT PLANS
	Defined Benefit Plans - As of March 29, 2014, the Company maintained two domestic pension plans and three German pension plans. The Company used a December 31 measurement date for these plans.
	Other Benefits - The Company's other postretirement benefit plan provides health and life insurance to domestic employees hired prior to 1992.
	The following table sets forth the aggregated net periodic benefit cost for all pension plans for the first quarters ended March 29, 2014 and March 30, 2013, respectively:
	(In millions)									Pension Benefits			Other Benefits
										First Quarter Ended			First Quarter Ended
		March 29, 2014			March 30, 2013			March 29, 2014			March 30, 2013
	Service cost	$	0.3		$	0.4		$	—		$	—
	Interest cost	2			1.9			0.1			0.1
	Expected return on assets	(2.6		)	(2.5		)	—			—
	Amortization of prior service cost	—			—			0.1			0.1
	Amortization of loss	0.6			0.9			—			0.1
	Net periodic benefit cost	$	0.3		$	0.7		$	0.2		$	0.3
	Settlement cost	0.2			—			—			—
	Total net periodic benefit cost	$	0.5		$	0.7		$	0.2		$	0.3
	In the first quarter ended March 29, 2014, the Company made contributions to the funded plans of $2.8 million. The amount of contributions to be made to the plans during the calendar year 2014 will be finalized by September 15, 2014, based upon the plan's year-end valuation at December 28, 2013, and the funding level required for the plan year ended December 28, 2013.

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Mar. 29, 2014
Income Tax Disclosure [Abstract]	'
INCOME TAXES	'
	INCOME TAXES
	The effective tax rate continues to be lower than the U.S. statutory rate of 35.0 percent primarily due to the indefinite reinvestment of foreign earnings taxed at rates below the U.S. statutory rate as well as recognition of U.S. tax credits.  The Company has the ability to indefinitely reinvest these foreign earnings based on the earnings and cash projections of its other operations as well as cash on hand and available credit.

DEBT

DEBT	3 Months Ended
	Mar. 29, 2014
Debt Disclosure [Abstract]	'
DEBT	'
	DEBT
	Debt consisted of the following:
	(In millions)	March 29, 2014			December 28, 2013
	Prudential Agreement - 5.79 percent	$	150		$	150
	Tax increment financing debt	24.1			24.6
	Revolver	15			—
	Capital leases	0.7			0.8
	Foreign subsidiary debt	14.5			14.2
		204.3			189.6
	Less current maturities	(30.6		)	(15.4		)
	Long-term debt	$	173.7		$	174.2
	Foreign subsidiary debt denoted in the table above is predominately comprised of debt at Impo.
	The total estimated fair value of debt was $218.3 million and $203.7 million at March 29, 2014 and December 28, 2013, respectively. The fair value assumed floating rate debt was valued at par. In the absence of quoted prices in active markets, considerable judgment is required in developing estimates of fair value. Estimates are not necessarily indicative of the amounts the Company could realize in a current market transaction. In determining the fair value of its long term debt, the Company uses estimates based on rates currently available to the Company for debt with similar terms and remaining maturities. Accordingly, the fair value of debt is classified as a Level 2 within the valuations hierarchy.
	The following debt payments are expected to be paid in accordance with the following schedule:
	(In millions)	Total			2014			2015		2016		2017		2018		More than 5 years
	Debt	$	203.6		$	30.4		$	30.9	$	31	$	31	$	31	$	49.3
	Capital leases	0.7			0.2			0.2		0.1		0.1		0.1		—
		$	204.3		$	30.6		$	31.1	$	31.1	$	31.1	$	31.1	$	49.3

EARNINGS_PER_SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 29, 2014
Earnings Per Share [Abstract]	'
EARNINGS PER SHARE	'
	EARNINGS PER SHARE
	The Company calculates basic and diluted earnings per common share using the two-class method. Under the two-class method, net earnings are allocated to each class of common stock and participating security as if all of the net earnings for the period had been distributed. The Company's participating securities consist of share-based payment awards that contain a nonforfeitable right to receive dividends and therefore are considered to participate in undistributed earnings with common shareholders.
	Basic earnings per common share excludes dilution and is calculated by dividing net earnings allocable to common shares by the weighted-average number of common shares outstanding for the period. Diluted earnings per common share is calculated by dividing net earnings allocable to common shares by the weighted-average number of common shares as of the balance sheet date, as adjusted for the potential dilutive effect of non-participating share-based awards.
	The following table sets forth the computation of basic and diluted earnings per share:
	(In millions, except per share amounts)	March 29, 2014		March 30, 2013
	Numerator:
	Net income attributable to Franklin Electric Co., Inc.	$	17	$	15.5
	Less: Undistributed earnings allocable to participating securities	0.3		0.2
		$	16.7	$	15.3
	Denominator:
	Basic
	Weighted average common shares	47.7		47.3
	Diluted
	Effect of dilutive securities:
	Non-participating employee and director incentive stock options and performance awards	0.6		0.7
	Adjusted weighted average common shares	48.3		48
	Basic earnings per share	$	0.35	$	0.32
	Diluted earnings per share	$	0.35	$	0.32
	Anti-dilutive stock options	—		—

EQUITY_ROLL_FORWARD

EQUITY ROLL FORWARD	3 Months Ended
	Mar. 29, 2014
Statement of Stockholders' Equity [Abstract]	'
EQUITY ROLL FORWARD	'
	EQUITY ROLL FORWARD
	The schedule below sets forth equity changes in the three months ended March 29, 2014:
	(In thousands)	Common Stock			Additional Paid in Capital		Retained Earnings			Minimum Pension Liability			Cumulative Translation Adjustment			Noncontrolling Interest		Total Equity			Redeemable Noncontrolling Interest
	Balance as of December 28, 2013	$	4,771		$	194,810	$	450,855		$	(38,707	)	$	(16,022	)	$	2,509	$	598,216		$	5,171
	Net income						16,957									199		17,156			265
	Dividends on common stock						(3,709		)									(3,709		)
	Common stock issued	3			632													635
	Common stock repurchased or received for stock options exercised	(4		)			(1,577		)									(1,581		)
	Share-based compensation	(1		)	1,393													1,392
	Tax benefit of stock options exercised				1,254													1,254
	Currency translation adjustment												2,316			10		2,326			(148		)
	Pension liability, net of tax									488								488
	Other									(150		)	150
	Balance as of March 29, 2014	$	4,769		$	198,089	$	462,526		$	(38,369	)	$	(13,556	)	$	2,718	$	616,177		$	5,288

ACCUMULATED_OTHER_COMPREHENSIV

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	3 Months Ended
	Mar. 29, 2014
Equity [Abstract]	'
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	'
	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
	Changes in accumulated other comprehensive income (loss) by component for the three months ended March 29, 2014 and March 30, 2013, are summarized below:
	(In millions)
	For the three months ended March 29, 2014:	Foreign Currency Translation Adjustments			Pension and Post-Retirement Plan Benefit Adjustments				Total
	Balance as of December 28, 2013	$	(16.0	)	$	(38.7	)		$	(54.7	)
	Other comprehensive income/(loss) before reclassifications:
	Pre-tax income/(loss)	2.1			—				2.1
	Income tax expense	—			—				—
	Other comprehensive income/(loss) before reclassifications, net of income taxes	2.1			—				2.1
	Amounts reclassified from accumulated other comprehensive income/(loss):
	Pre-tax income	—			0.7			-1	0.7
	Income tax expense	—			(0.3		)		(0.3		)
	Amounts reclassified from accumulated other comprehensive income/(loss), net of income taxes	—			0.4				0.4
	Net current period other comprehensive income/(loss), net of income taxes	2.1			0.4				2.5
	Other comprehensive (income)/loss attributable to noncontrolling interest	0.3			—				0.3
	Balance as of March 29, 2014	$	(13.6	)	$	(38.3	)		$	(51.9	)
	For the three months ended March 30, 2013:
	Balance as of December 29, 2012	$	(0.2	)	$	(56.9	)		$	(57.1	)
	Other comprehensive income/(loss) before reclassifications:
	Pre-tax income/(loss)	(5.8		)	—				(5.8		)
	Income tax expense	—			—				—
	Other comprehensive income/(loss) before reclassifications, net of income taxes	(5.8		)	—				(5.8		)
	Amounts reclassified from accumulated other comprehensive income/(loss):
	Pre-tax income	—			1			-1	1
	Income tax expense	—			(0.4		)		(0.4		)
	Amounts reclassified from accumulated other comprehensive income/(loss), net of income taxes	—			0.6				0.6
	Net current period other comprehensive income/(loss), net of income taxes	(5.8		)	0.6				(5.2		)
	Other comprehensive (income)/loss attributable to noncontrolling interest	0.4			—				0.4
	Balance as of March 30, 2013	$	(5.6	)	$	(56.3	)		$	(61.9	)
	(1) This accumulated other comprehensive income (loss) component is included in the computation of net periodic pension cost (refer to Note 9 for additional details) and is included in the "Selling, general, and administrative expenses" line of the consolidated statements of income.

SEGMENT_AND_GEOGRAPHIC_INFORMA

SEGMENT AND GEOGRAPHIC INFORMATION	3 Months Ended
	Mar. 29, 2014
Segment Reporting [Abstract]	'
SEGMENT AND GEOGRAPHIC INFORMATION	'
	SEGMENT INFORMATION
	The Company’s business consists of the Water Systems and Fueling Systems reportable segments, based on the principal end market served.  The Company includes unallocated corporate expenses and inter-company eliminations in an “Other” segment that, together with the Water Systems and Fueling Systems segments, represent the Company.
	The Water Systems segment designs, manufactures and sells motors, pumps, electronic controls, and related parts and equipment primarily for use in submersible water and other fluid system applications. The Fueling Systems segment designs, manufactures, and sells pumps, electronic controls and related parts and equipment primarily for use in submersible fueling system applications. The Fueling Systems segment integrates and sells motors and electronic controls produced by the Water Systems segment.
	The accounting policies of the Company's reportable segments are the same as those described in Note 1 (Summary of Significant Accounting Policies). Performance is evaluated based on the sales and operating income of the segments and a variety of ratios to measure performance. These results are not necessarily indicative of the results of operations that would have occurred had each segment been an independent, stand-alone entity during the periods presented.
	Financial information by reportable segment is as follows:
		First Quarter Ended				First Quarter Ended
		Net sales to external customers				Operating income (loss)
	(In millions)	March 29, 2014		March 30, 2013		March 29, 2014			March 30, 2013
	Water Systems	$	184.6	$	176.4	$	29.2		$	28.7
	Fueling Systems	46.8		46.1		9.1			6.2
	Other	—		—		(12.3		)	(11.7		)
	Consolidated	$	231.4	$	222.5	$	26		$	23.2
		Total assets
		March 29, 2014		December 28, 2013
	Water Systems	$	772.3	$	714.7
	Fueling Systems	252.8		247.9
	Other	64.6		89.3
	Consolidated	$	1,089.70	$	1,051.90
	Cash is the major asset group in “Other” of total assets.

CONTINGENCIES_AND_COMMITMENTS

CONTINGENCIES AND COMMITMENTS	3 Months Ended
	Mar. 29, 2014
Commitments and Contingencies Disclosure [Abstract]	'
CONTINGENCIES AND COMMITMENTS	'
	CONTINGENCIES AND COMMITMENTS
	In August 2010, the California Air Resources Board (“CARB”) and South Coast Air Quality Management District (“SCAQMD”) filed civil complaints in the Los Angeles Superior Court against the Company and Franklin Fueling Systems, Inc.  The complaints related to a third-party-supplied component part of the Company's Healy 900 Series nozzle, which is part of the Company's Enhanced Vapor Recovery (“EVR”) Systems installed in California gasoline filling stations.  This part, a diaphragm, was the subject of a retrofit during the first half of 2008.  As the Company previously reported, in October 2008 CARB issued a Notice of Violation to the Company alleging that the circumstances leading to the retrofit program violated California statutes and regulations.
	The claims in the complaints mirrored those that CARB presented to the Company in the Notice of Violation, and included claims that the Company negligently and intentionally sold nozzles with a modified diaphragm without required CARB certification. Those complaints were consolidated into one case in the Superior Court of California, County of Los Angeles (People of the State of California vs. Franklin Fueling Systems, Inc. et al.)  which was tried in the later part of December 2012 and early part of January 2013 (“CARB Case”).
	On July 25, 2013, the Court issued a Final Statement of Decision (“Decision”) in the CARB Case.  In its Decision, the Court found on behalf of the Company and issued a complete defense verdict.  Judgment was entered on August 27, 2013.  An Amended Judgment awarding the Company $0.1 million in costs was entered by the Court on January 22, 2014. CARB has filed a notice of appeal.
	Neither of these suits has had any effect on CARB's certification of the Company's EVR System or any other products of the Company or its subsidiaries, and did not interfere with continuing sales.  CARB has never decertified the Company's EVR System and has never proposed to do so.
	The Company is defending various other claims and legal actions, including environmental matters, which have arisen in the
	ordinary course of business. In the opinion of management, based on current knowledge of the facts and after discussion with
	counsel, these claims and legal actions can be successfully defended or resolved without a material adverse effect on the
	Company’s financial position, results of operations, and net cash flows.
	At March 29, 2014, the Company had $18.5 million of commitments primarily for the purchase of machinery and equipment as well as conditional agreements related to building expansions.
	The company provides warranties on most of its products. The warranty terms vary but are generally two years from date of manufacture or one year from date of installation. In 2007, the Company began offering an extended warranty program to certain Water Systems customers which provides warranty coverage up to five years from date of manufacture. Provisions for estimated expenses related to product warranty are made at the time products are sold or when specific warranty issues are identified. These estimates are established using historical information about the nature, frequency, and average cost of warranty claims. The Company actively studies trends of warranty claims and takes actions to improve product quality and minimize warranty claims. The Company believes that the warranty reserve is appropriate; however, actual claims incurred could differ from the original estimates, requiring adjustments to the reserve.
	The changes in the carrying amount of the warranty accrual, as recorded in "Accrued expenses" in the Company's consolidated balance sheet for the three months ended March 29, 2014, are as follows:
	(In millions)
	Balance as of December 28, 2013	$	9.5
	Accruals related to product warranties	1.4
	Reductions for payments made	(2.0		)
	Balance as of March 29, 2014	$	8.9

SHAREBASED_COMPENSATION

SHARE-BASED COMPENSATION	3 Months Ended
	Mar. 29, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
SHARE-BASED COMPENSATION	'
	SHARE-BASED COMPENSATION
	The Company maintains the Franklin Electric Co., Inc. 2012 Stock Plan (the "2012 Stock Plan"), which is a stock-based compensation plan that provides for discretionary grants of stock options, stock awards, stock unit awards, and performance awards to key employees and non-employee directors. Shares and per share data below have been adjusted for all periods presented to reflect the two-for-one stock split effective March 18, 2013.
	The 2012 Stock Plan authorized 2,400,000 shares for issuance as follows:
	2012 Stock Plan		Authorized Shares
	Stock Options		1,680,000
	Stock/Stock Unit Awards		720,000
	The Company also maintains the Amended and Restated Franklin Electric Co., Inc. Stock Plan (the "2009 Stock Plan") which, as amended in 2009, provided for discretionary grants of stock options and stock awards. The 2009 Stock Plan authorized 4,400,000 shares for issuance as follows:
	2009 Stock Plan	Authorized Shares
	Stock Options	3,200,000
	Stock Awards	1,200,000
	All options in the 2009 Stock Plan have been awarded.
	The Company currently issues new shares from its common stock balance to satisfy option exercises and the settlement of stock awards and stock unit awards made under the 2009 Stock Plan and/or the 2012 Stock Plan.
	Stock Options:
	The fair value of each option award is estimated on the date of grant using the Black-Scholes option valuation model with a single approach and amortized using a straight-line attribution method over the option’s vesting period.
	The assumptions used for the Black-Scholes model to determine the fair value of options granted during the first quarter ended March 29, 2014, are as follows:
			March 29, 2014			March 30, 2013
	Risk-free interest rate		1.68	%		1.03	%
	Dividend yield		0.7	%		0.89	%
	Volatility factor		0.387			0.394
	Expected term		5.6 years			6.0 years
	Forfeiture rate		3.81	%		4.52	%
	There were 92,946 and 176,168 stock options granted during the first quarters ended March 29, 2014 and March 30, 2013, respectively.
	A summary of the Company’s outstanding stock option activity and related information for the first quarters ended March 29, 2014 and March 30, 2013 is as follows:
	(Shares in thousands)		March 29, 2014					March 30, 2013
			Shares			Weighted-Average Exercise Price		Shares			Weighted-Average Exercise Price
	Stock Options
	Outstanding at beginning of period		1,476			$	19.01	2,184			16.69
	Granted		93			43.27		176			32.53
	Exercised		(34	)		18.57		(307	)		13.43
	Forfeited		(2	)		26.95		—			—
	Outstanding at end of period		1,533			$	20.48	2,053			18.54
	Expected to vest after applying forfeiture rate		1,511			$	20.31	2,022			$	18.39
	Vested and exercisable at end of period		1,070			$	16.34	1,457			$	15.82
	A summary of the weighted-average remaining contractual term and aggregate intrinsic value for the first quarter ended March 29, 2014 is as follows:
	(In millions)		Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value (000's)
	Outstanding at end of period		5.81 years		$	32,598
	Expected to vest after applying forfeiture rate		5.76 years		32,426
	Vested and exercisable at end of period		4.61 years		27,068
	The total intrinsic value of options exercised during the first quarters ended March 29, 2014 and March 30, 2013, was $0.8 million and $4.8 million, respectively.
	As of March 29, 2014, there was $2.2 million of total unrecognized compensation cost related to non-vested share-based compensation arrangements related to stock options granted under the 2012 Stock Plan and the 2009 Stock Plan. That cost is expected to be recognized over a weighted-average period of 2.81 years.
	Stock/Stock Unit Awards:
	A summary of the Company’s restricted stock/stock unit award activity and related information for the first quarters ended March 29, 2014 and March 30, 2013 is as follows:
	(Shares in thousands)		March 29, 2014					March 30, 2013
	Stock/Stock Unit Awards					Weighted-Average Grant-						Weighted-Average Grant-
			Shares			Date Fair Value		Shares				Date Fair Value
	Non-vested at beginning of period		551			$	24.75	$	458			$	20.9
	Awarded		172			43.37		141				32.53
	Vested		(110	)		15.75		(35		)		17.21
	Forfeited		(56	)		27.81		(1		)		18.89
	Non-vested at end of period		557			$	31.96	$	563			$	24.04
	As of March 29, 2014, there was $12.8 million of total unrecognized compensation cost related to non-vested share-based compensation arrangements related to stock awards granted under the 2012 Stock Plan and the 2009 Stock Plan..  That cost is expected to be recognized over a weighted-average period of 2.91 years.

RESTRUCTURING

RESTRUCTURING	3 Months Ended
	Mar. 29, 2014
Restructuring and Related Activities [Abstract]	'
RESTRUCTURING	'
	RESTRUCTURING
	Costs incurred in the first quarter ended March 29, 2014, included in the “Restructuring (income)/expense” line of the Company's consolidated statement of income, are as follows:
		29-Mar-14
	(In millions)	Water Systems		Fueling Systems		Other		Consolidated
	Employee severance	$	0.1	$	—	$	—	$	0.1
	Restructuring expenses, relating primarily to severance for the first quarter ended March 30, 2013, were approximately $0.7 million.
	As of March 29, 2014 and March 30, 2013, there were $0.0 million and $0.6 million in restructuring reserves, respectively. The restructuring reserves were primarily for severance.

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 29, 2014
Fair Value Disclosures [Abstract]	'
Schedule of Fair Value, Assets Measured on Recurring Basis	'
	As of March 29, 2014 and December 28, 2013, the assets and liabilities measured at fair value on a recurring basis were as set forth in the table below.
		March 29, 2014		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs		Significant Unobservable Inputs (Level 3)		Recognized Loss
						(Level 2)
	(In millions)
	Cash equivalents	$	8.2	$	8.2	$	—	$	—	$	—
		December 28, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Recognized Loss
	Cash equivalents	$	6.6	$	6.6	$	—	$	—	$	—

GOODWILL_AND_OTHER_INTANGIBLE_1

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 29, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Schedule of Carrying Amounts of Intangible Assets	'
	The carrying amounts of the Company’s intangible assets are as follows:
	(In millions)	March 29, 2014					December 28, 2013
		Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
	Amortized intangibles:
	Patents	$	7.8	$	(6.0	)	$	7.8	$	(5.9	)
	Supply agreements	4.4		(4.4		)	4.4		(4.4		)
	Technology	7.5		(3.9		)	7.5		(3.8		)
	Customer relationships	125.3		(31.6		)	125.1		(29.7		)
	Software	2.1		(0.4		)	2.1		(0.4		)
	Other	1.3		(1.3		)	1.3		(1.2		)
	Total	$	148.4	$	(47.6	)	$	148.2	$	(45.4	)
	Unamortized intangibles:
	Trade names	46.1		—			45.9		—
	Total intangibles	$	194.5	$	(47.6	)	$	194.1	$	(45.4	)
Schedule of Amortization Expense	'
	Amortization expense for each of the five succeeding years is projected as follows:
	(In millions)	2014		2015			2016		2017			2018
		$	8.1	$	8.1		$	8.1	$	7.8		$	7.7
Schedule of Change in the Carrying Amount of Goodwill by Reporting Segment	'
	The change in the carrying amount of goodwill by reporting segment for the first quarter ended March 29, 2014, is as follows:
	(In millions)
		Water Systems		Fueling Systems			Consolidated
	Balance as of December 28, 2013	$	144.1	$	63.1		$	207.2
	Foreign currency translation	0.4		0.1			0.5
	Balance as of March 29, 2014	$	144.5	$	63.2		$	207.7

EMPLOYEE_BENEFIT_PLANS_Tables

EMPLOYEE BENEFIT PLANS (Tables)	3 Months Ended
	Mar. 29, 2014
Compensation and Retirement Disclosure [Abstract]	'
Schedule of Aggregated Net Periodic Benefit Cost and Other Benefit Cost	'
	The following table sets forth the aggregated net periodic benefit cost for all pension plans for the first quarters ended March 29, 2014 and March 30, 2013, respectively:
	(In millions)									Pension Benefits			Other Benefits
										First Quarter Ended			First Quarter Ended
		March 29, 2014			March 30, 2013			March 29, 2014			March 30, 2013
	Service cost	$	0.3		$	0.4		$	—		$	—
	Interest cost	2			1.9			0.1			0.1
	Expected return on assets	(2.6		)	(2.5		)	—			—
	Amortization of prior service cost	—			—			0.1			0.1
	Amortization of loss	0.6			0.9			—			0.1
	Net periodic benefit cost	$	0.3		$	0.7		$	0.2		$	0.3
	Settlement cost	0.2			—			—			—
	Total net periodic benefit cost	$	0.5		$	0.7		$	0.2		$	0.3

DEBT_Tables

DEBT (Tables)	3 Months Ended
	Mar. 29, 2014
Debt Disclosure [Abstract]	'
Schedule of Long-term Debt	'
	Debt consisted of the following:
	(In millions)	March 29, 2014			December 28, 2013
	Prudential Agreement - 5.79 percent	$	150		$	150
	Tax increment financing debt	24.1			24.6
	Revolver	15			—
	Capital leases	0.7			0.8
	Foreign subsidiary debt	14.5			14.2
		204.3			189.6
	Less current maturities	(30.6		)	(15.4		)
	Long-term debt	$	173.7		$	174.2
Schedule of Long-term Debt Payments	'
	The following debt payments are expected to be paid in accordance with the following schedule:
	(In millions)	Total			2014			2015		2016		2017		2018		More than 5 years
	Debt	$	203.6		$	30.4		$	30.9	$	31	$	31	$	31	$	49.3
	Capital leases	0.7			0.2			0.2		0.1		0.1		0.1		—
		$	204.3		$	30.6		$	31.1	$	31.1	$	31.1	$	31.1	$	49.3

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 29, 2014
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:
	(In millions, except per share amounts)	March 29, 2014		March 30, 2013
	Numerator:
	Net income attributable to Franklin Electric Co., Inc.	$	17	$	15.5
	Less: Undistributed earnings allocable to participating securities	0.3		0.2
		$	16.7	$	15.3
	Denominator:
	Basic
	Weighted average common shares	47.7		47.3
	Diluted
	Effect of dilutive securities:
	Non-participating employee and director incentive stock options and performance awards	0.6		0.7
	Adjusted weighted average common shares	48.3		48
	Basic earnings per share	$	0.35	$	0.32
	Diluted earnings per share	$	0.35	$	0.32
	Anti-dilutive stock options	—		—

EQUITY_ROLL_FORWARD_Tables

EQUITY ROLL FORWARD (Tables)	3 Months Ended
	Mar. 29, 2014
Statement of Stockholders' Equity [Abstract]	'
Schedule of Stockholders' Equity	'
	The schedule below sets forth equity changes in the three months ended March 29, 2014:
	(In thousands)	Common Stock			Additional Paid in Capital		Retained Earnings			Minimum Pension Liability			Cumulative Translation Adjustment			Noncontrolling Interest		Total Equity			Redeemable Noncontrolling Interest
	Balance as of December 28, 2013	$	4,771		$	194,810	$	450,855		$	(38,707	)	$	(16,022	)	$	2,509	$	598,216		$	5,171
	Net income						16,957									199		17,156			265
	Dividends on common stock						(3,709		)									(3,709		)
	Common stock issued	3			632													635
	Common stock repurchased or received for stock options exercised	(4		)			(1,577		)									(1,581		)
	Share-based compensation	(1		)	1,393													1,392
	Tax benefit of stock options exercised				1,254													1,254
	Currency translation adjustment												2,316			10		2,326			(148		)
	Pension liability, net of tax									488								488
	Other									(150		)	150
	Balance as of March 29, 2014	$	4,769		$	198,089	$	462,526		$	(38,369	)	$	(13,556	)	$	2,718	$	616,177		$	5,288

ACCUMULATED_OTHER_COMPREHENSIV1

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
	Mar. 29, 2014
Equity [Abstract]	'
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	'
	Changes in accumulated other comprehensive income (loss) by component for the three months ended March 29, 2014 and March 30, 2013, are summarized below:
	(In millions)
	For the three months ended March 29, 2014:	Foreign Currency Translation Adjustments			Pension and Post-Retirement Plan Benefit Adjustments				Total
	Balance as of December 28, 2013	$	(16.0	)	$	(38.7	)		$	(54.7	)
	Other comprehensive income/(loss) before reclassifications:
	Pre-tax income/(loss)	2.1			—				2.1
	Income tax expense	—			—				—
	Other comprehensive income/(loss) before reclassifications, net of income taxes	2.1			—				2.1
	Amounts reclassified from accumulated other comprehensive income/(loss):
	Pre-tax income	—			0.7			-1	0.7
	Income tax expense	—			(0.3		)		(0.3		)
	Amounts reclassified from accumulated other comprehensive income/(loss), net of income taxes	—			0.4				0.4
	Net current period other comprehensive income/(loss), net of income taxes	2.1			0.4				2.5
	Other comprehensive (income)/loss attributable to noncontrolling interest	0.3			—				0.3
	Balance as of March 29, 2014	$	(13.6	)	$	(38.3	)		$	(51.9	)
	For the three months ended March 30, 2013:
	Balance as of December 29, 2012	$	(0.2	)	$	(56.9	)		$	(57.1	)
	Other comprehensive income/(loss) before reclassifications:
	Pre-tax income/(loss)	(5.8		)	—				(5.8		)
	Income tax expense	—			—				—
	Other comprehensive income/(loss) before reclassifications, net of income taxes	(5.8		)	—				(5.8		)
	Amounts reclassified from accumulated other comprehensive income/(loss):
	Pre-tax income	—			1			-1	1
	Income tax expense	—			(0.4		)		(0.4		)
	Amounts reclassified from accumulated other comprehensive income/(loss), net of income taxes	—			0.6				0.6
	Net current period other comprehensive income/(loss), net of income taxes	(5.8		)	0.6				(5.2		)
	Other comprehensive (income)/loss attributable to noncontrolling interest	0.4			—				0.4
	Balance as of March 30, 2013	$	(5.6	)	$	(56.3	)		$	(61.9	)
	(1) This accumulated other comprehensive income (loss) component is included in the computation of net periodic pension cost (refer to Note 9 for additional details) and is included in the "Selling, general, and administrative expenses" line of the consolidated statements of income.

SEGMENT_AND_GEOGRAPHIC_INFORMA1

SEGMENT AND GEOGRAPHIC INFORMATION (Tables)	3 Months Ended
	Mar. 29, 2014
Segment Reporting [Abstract]	'
Schedule of Financial Information by Reportable Business Segment	'
	Financial information by reportable segment is as follows:
		First Quarter Ended				First Quarter Ended
		Net sales to external customers				Operating income (loss)
	(In millions)	March 29, 2014		March 30, 2013		March 29, 2014			March 30, 2013
	Water Systems	$	184.6	$	176.4	$	29.2		$	28.7
	Fueling Systems	46.8		46.1		9.1			6.2
	Other	—		—		(12.3		)	(11.7		)
	Consolidated	$	231.4	$	222.5	$	26		$	23.2
		Total assets
		March 29, 2014		December 28, 2013
	Water Systems	$	772.3	$	714.7
	Fueling Systems	252.8		247.9
	Other	64.6		89.3
	Consolidated	$	1,089.70	$	1,051.90

CONTINGENCIES_AND_COMMITMENTS_

CONTINGENCIES AND COMMITMENTS (Tables)	3 Months Ended
	Mar. 29, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Schedule of Changes in the Carrying Amount of the Warranty Accrual	'
	The changes in the carrying amount of the warranty accrual, as recorded in "Accrued expenses" in the Company's consolidated balance sheet for the three months ended March 29, 2014, are as follows:
	(In millions)
	Balance as of December 28, 2013	$	9.5
	Accruals related to product warranties	1.4
	Reductions for payments made	(2.0		)
	Balance as of March 29, 2014	$	8.9

SHAREBASED_COMPENSATION_Tables

SHARE-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 29, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of Authorized Number of Shares	'
	The 2012 Stock Plan authorized 2,400,000 shares for issuance as follows:
	2012 Stock Plan		Authorized Shares
	Stock Options		1,680,000
	Stock/Stock Unit Awards		720,000
	The Company also maintains the Amended and Restated Franklin Electric Co., Inc. Stock Plan (the "2009 Stock Plan") which, as amended in 2009, provided for discretionary grants of stock options and stock awards. The 2009 Stock Plan authorized 4,400,000 shares for issuance as follows:
	2009 Stock Plan	Authorized Shares
	Stock Options	3,200,000
	Stock Awards	1,200,000
Schedule of Assumptions Used to Determine the Fair Value of Options Granted	'
	The assumptions used for the Black-Scholes model to determine the fair value of options granted during the first quarter ended March 29, 2014, are as follows:
			March 29, 2014			March 30, 2013
	Risk-free interest rate		1.68	%		1.03	%
	Dividend yield		0.7	%		0.89	%
	Volatility factor		0.387			0.394
	Expected term		5.6 years			6.0 years
	Forfeiture rate		3.81	%		4.52	%
Schedule of Stock Option Plans Activity	'
	A summary of the Company’s outstanding stock option activity and related information for the first quarters ended March 29, 2014 and March 30, 2013 is as follows:
	(Shares in thousands)		March 29, 2014					March 30, 2013
			Shares			Weighted-Average Exercise Price		Shares			Weighted-Average Exercise Price
	Stock Options
	Outstanding at beginning of period		1,476			$	19.01	2,184			16.69
	Granted		93			43.27		176			32.53
	Exercised		(34	)		18.57		(307	)		13.43
	Forfeited		(2	)		26.95		—			—
	Outstanding at end of period		1,533			$	20.48	2,053			18.54
	Expected to vest after applying forfeiture rate		1,511			$	20.31	2,022			$	18.39
	Vested and exercisable at end of period		1,070			$	16.34	1,457			$	15.82
	A summary of the weighted-average remaining contractual term and aggregate intrinsic value for the first quarter ended March 29, 2014 is as follows:
	(In millions)		Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value (000's)
	Outstanding at end of period		5.81 years		$	32,598
	Expected to vest after applying forfeiture rate		5.76 years		32,426
	Vested and exercisable at end of period		4.61 years		27,068
Schedule of Restricted Stock/Stock Unit Award Activity	'
	A summary of the Company’s restricted stock/stock unit award activity and related information for the first quarters ended March 29, 2014 and March 30, 2013 is as follows:
	(Shares in thousands)		March 29, 2014					March 30, 2013
	Stock/Stock Unit Awards					Weighted-Average Grant-						Weighted-Average Grant-
			Shares			Date Fair Value		Shares				Date Fair Value
	Non-vested at beginning of period		551			$	24.75	$	458			$	20.9
	Awarded		172			43.37		141				32.53
	Vested		(110	)		15.75		(35		)		17.21
	Forfeited		(56	)		27.81		(1		)		18.89
	Non-vested at end of period		557			$	31.96	$	563			$	24.04

RESTRUCTURING_Tables

RESTRUCTURING (Tables)	3 Months Ended
	Mar. 29, 2014
Restructuring and Related Activities [Abstract]	'
Schedule of Restructuring Cost Incurred, Included in Restructuring Expense	'
	Costs incurred in the first quarter ended March 29, 2014, included in the “Restructuring (income)/expense” line of the Company's consolidated statement of income, are as follows:
		29-Mar-14
	(In millions)	Water Systems		Fueling Systems		Other		Consolidated
	Employee severance	$	0.1	$	—	$	—	$	0.1

ACQUISITIONS_Narrative_Details

ACQUISITIONS (Narrative) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Business Combinations [Abstract]	'	'
Business combination, acquisition related costs	$0.10	$0

REDEEMABLE_NONCONTROLLING_INTE1

REDEEMABLE NONCONTROLLING INTERESTS (Details)	0 Months Ended
	2-May-11
Redeemable Noncontrolling Interest	'
Noncontrolling interest, description	'3 years
Impo Motor Pompa Sanayi ve Ticaret A.S.	'
Redeemable Noncontrolling Interest	'
Percentage of outstanding shares acquired	80.00%
Ownership percentage by noncontrolling owners	20.00%

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (Recurring Basis, USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013	Mar. 29, 2014	Dec. 28, 2013	Mar. 29, 2014	Dec. 28, 2013	Mar. 29, 2014	Dec. 28, 2013	Mar. 29, 2014	Dec. 28, 2013
			Estimated Fair Value	Estimated Fair Value	Quoted Prices in Active Markets for Identical Assets (Level 1)	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)	Significant Unobservable Inputs (Level 3)
Fair Value, Assets Measured on Recurring and Nonrecurring Basis	'	'	'	'	'	'	'	'	'	'
Cash equivalents	'	'	$8.20	$6.60	$8.20	$6.60	$0	$0	$0	$0
Recognized loss	$0	$0	'	'	'	'	'	'	'	'

FINANCIAL_INSTRUMENTS_Details

FINANCIAL INSTRUMENTS (Details) (Share Swap Transaction Agreement [Member], Not Designated as Hedging Instrument [Member], USD $)	3 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 29, 2014
Derivative Instruments, Gain (Loss) [Line Items]	'
Derivative, Cancellable Written Notice Term	'30 days
Derivative, Nonmonetary Notional Amount	134,000
Selling, General and Administrative Expenses [Member]	'
Derivative Instruments, Gain (Loss) [Line Items]	'
Derivative, Loss on Derivative	0.2

GOODWILL_AND_OTHER_INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Intangible Assets) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013	Dec. 28, 2013
Intangible Assets	'	'	'
Gross carrying amount, amortized intangibles	$148.40	'	$148.20
Accumulated amortization	-47.6	'	-45.4
Gross carrying amount, total intangibles	194.5	'	194.1
Amortization expense, intangible assets	2	2	'
Future Amortization Expense	'	'	'
2014	8.1	'	'
2015	8.1	'	'
2016	8.1	'	'
2017	7.8	'	'
2018	7.7	'	'
Patents	'	'	'
Intangible Assets	'	'	'
Gross carrying amount, amortized intangibles	7.8	'	7.8
Accumulated amortization	-6	'	-5.9
Supply Agreements	'	'	'
Intangible Assets	'	'	'
Gross carrying amount, amortized intangibles	4.4	'	4.4
Accumulated amortization	-4.4	'	-4.4
Technology	'	'	'
Intangible Assets	'	'	'
Gross carrying amount, amortized intangibles	7.5	'	7.5
Accumulated amortization	-3.9	'	-3.8
Customer Relationships	'	'	'
Intangible Assets	'	'	'
Gross carrying amount, amortized intangibles	125.3	'	125.1
Accumulated amortization	-31.6	'	-29.7
Software	'	'	'
Intangible Assets	'	'	'
Gross carrying amount, amortized intangibles	2.1	'	2.1
Accumulated amortization	-0.4	'	-0.4
Other	'	'	'
Intangible Assets	'	'	'
Gross carrying amount, amortized intangibles	1.3	'	1.3
Accumulated amortization	-1.3	'	-1.2
Trade Names	'	'	'
Intangible Assets	'	'	'
Gross carrying amount, unamortized intangibles	$46.10	'	$45.90

GOODWILL_AND_OTHER_INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS (Goodwill) (Details) (USD $)	3 Months Ended
	Mar. 29, 2014
Change in the Carrying Amount of Goodwill by Reporting Segment	'
Goodwill, beginning balance	$207,220,000
Foreign currency translation	500,000
Goodwill, ending balance	207,730,000
Water Systems	'
Change in the Carrying Amount of Goodwill by Reporting Segment	'
Goodwill, beginning balance	144,100,000
Foreign currency translation	400,000
Goodwill, ending balance	144,500,000
Fueling Systems	'
Change in the Carrying Amount of Goodwill by Reporting Segment	'
Goodwill, beginning balance	63,100,000
Foreign currency translation	100,000
Goodwill, ending balance	$63,200,000

EMPLOYEE_BENEFIT_PLANS_Details

EMPLOYEE BENEFIT PLANS (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Net Periodic Benefit Cost and Other Benefit Cost	'	'
Company contributions	$2.80	'
Pension Benefits	'	'
Net Periodic Benefit Cost	'	'
Service cost	0.3	0.4
Interest cost	2	1.9
Expected return on assets	-2.6	-2.5
Amortization of prior service cost	0	0
Amortization of loss	0.6	0.9
Net periodic benefit cost	0.3	0.7
Settlement cost	0.2	0
Total net periodic benefit cost	0.5	0.7
Domestic Pension Plans	'	'
Net Periodic Benefit Cost and Other Benefit Cost	'	'
Defined Benefit Pension plans, number of pension plans	2	'
German Pension Plans	'	'
Net Periodic Benefit Cost and Other Benefit Cost	'	'
Defined Benefit Pension plans, number of pension plans	3	'
Other Benefits	'	'
Net Periodic Benefit Cost	'	'
Service cost	0	0
Interest cost	0.1	0.1
Expected return on assets	0	0
Amortization of prior service cost	0.1	0.1
Amortization of loss	0	0.1
Net periodic benefit cost	0.2	0.3
Settlement cost	0	0
Total net periodic benefit cost	$0.20	$0.30

Narrative_Details

(Narrative) (Details)	3 Months Ended
	Mar. 29, 2014
Income Tax Disclosure [Abstract]	'
Effective tax rate	35.00%

DEBT_Details

DEBT (Details) (USD $)	Mar. 29, 2014	Dec. 28, 2013
Debt Disclosure [Abstract]	'	'
Long-term Debt, Fair Value	$218,300,000	$203,700,000
Prudential Agreement - 5.79 percent	150,000,000	150,000,000
Tax increment financing debt	24,100,000	24,600,000
Revolver	15,000,000	0
Capital leases	700,000	800,000
Foreign subsidiary debt	14,500,000	14,200,000
Debt and capital lease obligations	204,300,000	189,600,000
Less current maturities	-30,607,000	-15,363,000
Long-term debt	$173,654,000	$174,166,000

DEBT_Debt_Payments_Expected_to

DEBT (Debt Payments Expected to be Paid) (Details) (USD $)	Mar. 29, 2014	Dec. 28, 2013
In Millions, unless otherwise specified
Long-term Debt, by Maturity	'	'
Debt and capital lease obligations	$204.30	$189.60
2014	30.6	'
2015	31.1	'
2016	31.1	'
2017	31.1	'
2018	31.1	'
More than 5 years	49.3	'
Debt	'	'
Long-term Debt, by Maturity	'	'
Long-term debt	203.6	'
2014	30.4	'
2015	30.9	'
2016	31	'
2017	31	'
2018	31	'
More than 5 years	49.3	'
Capital leases	'	'
Long-term Debt, by Maturity	'	'
Long-term debt	0.7	'
2014	0.2	'
2015	0.2	'
2016	0.1	'
2017	0.1	'
2018	0.1	'
More than 5 years	$0	'

EARNINGS_PER_SHARE_Details

EARNINGS PER SHARE (Details) (USD $)	3 Months Ended
Share data in Millions, except Per Share data, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Numerator:	'	'
Net income attributable to Franklin Electric Co., Inc.	$16,957,000	$15,456,000
Less: Undistributed earnings allocable to participating securities (in dollars)	300,000	200,000
Net income attributable to Franklin Electric Co., Inc. excluding undistributed earnings (in dollars)	$16,700,000	$15,300,000
Basic	'	'
Weighted average common shares (in shares)	47.7	47.3
Effect of dilutive securities:	'	'
Non-participating employee and director incentive stock options and performance awards (in shares)	0.6	0.7
Adjusted weighted average common shares (in shares)	48.3	48
Basic earnings per share (in dollars per share)	$0.35	$0.32
Diluted earnings per share (in dollars per share)	$0.35	$0.32
Stock Options	'	'
Effect of dilutive securities:	'	'
Anti-dilutive stock options (in shares)	0	0

EQUITY_ROLL_FORWARD_Details

EQUITY ROLL FORWARD (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013	Dec. 28, 2013
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'
Balance as of December 28, 2013	$616,177	'	$598,216
Net income	17,421	15,615	'
Dividends on common stock	-3,709	'	'
Common stock issued	635	'	'
Common stock repurchased or received for stock options exercised	-1,581	'	'
Share-based compensation	1,392	'	'
Tax benefit of stock options exercised	1,254	'	'
Currency translation adjustment	2,326	'	'
Pension liability, net of tax	488	'	'
Balance as of March 29, 2014	616,177	'	598,216
Common	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'
Balance as of December 28, 2013	4,769	'	4,771
Common stock issued	3	'	'
Common stock repurchased or received for stock options exercised	-4	'	'
Share-based compensation	-1	'	'
Balance as of March 29, 2014	4,769	'	4,771
Additional Paid-in Capital	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'
Balance as of December 28, 2013	198,089	'	194,810
Common stock issued	632	'	'
Share-based compensation	1,393	'	'
Tax benefit of stock options exercised	1,254	'	'
Balance as of March 29, 2014	198,089	'	194,810
Retained Earnings	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'
Balance as of December 28, 2013	462,526	'	450,855
Net income	16,957	'	'
Dividends on common stock	-3,709	'	'
Common stock repurchased or received for stock options exercised	-1,577	'	'
Balance as of March 29, 2014	462,526	'	450,855
Minimum Pension Liability	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'
Balance as of December 28, 2013	-38,369	'	-38,707
Pension liability, net of tax	488	'	'
Other	-150	'	'
Balance as of March 29, 2014	-38,369	'	-38,707
Cumulative Translation Adjustment	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'
Balance as of December 28, 2013	-13,556	'	-16,022
Currency translation adjustment	2,316	'	'
Other	150	'	'
Balance as of March 29, 2014	-13,556	'	-16,022
Non-controlling Interest	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'
Balance as of December 28, 2013	2,718	'	2,509
Net income	199	'	'
Currency translation adjustment	10	'	'
Balance as of March 29, 2014	2,718	'	2,509
parent and noncontrolling interest [Domain]	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'
Net income	17,156	'	'
Redeemable Non-controlling Interest	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'
Balance as of December 28, 2013	5,288	'	5,171
Net income	265	'	'
Currency translation adjustment	-148	'	'
Balance as of March 29, 2014	$5,288	'	$5,171

ACCUMULATED_OTHER_COMPREHENSIV2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) (USD $)	3 Months Ended
	Mar. 29, 2014		Mar. 30, 2013
Accumulated Other Comprehensive Income (Loss)	'		'
Beginning balance	($54,729,000)		($57,100,000)
Pre-tax income/(loss)	2,100,000		-5,800,000
Income tax expense	0		0
Other comprehensive income/(loss) before reclassifications, net of income taxes	2,100,000		-5,800,000
Pre-tax income	700,000		1,000,000
Income tax expense	-300,000		-400,000
Amounts reclassified from accumulated other comprehensive income/(loss), net of income taxes	400,000		600,000
Net current period other comprehensive income/(loss), net of income taxes	2,666,000		-5,199,000
Net current period other comprehensive income/(loss), net of income taxes	2,500,000		'
Other comprehensive (income)/loss attributable to noncontrolling interest	300,000		400,000
Ending balance	-51,925,000		-61,900,000
Foreign Currency Translation Adjustments	'		'
Accumulated Other Comprehensive Income (Loss)	'		'
Beginning balance	-16,000,000		-200,000
Pre-tax income/(loss)	2,100,000		-5,800,000
Income tax expense	0		0
Other comprehensive income/(loss) before reclassifications, net of income taxes	2,100,000		-5,800,000
Pre-tax income	0		0
Income tax expense	0		0
Amounts reclassified from accumulated other comprehensive income/(loss), net of income taxes	0		0
Net current period other comprehensive income/(loss), net of income taxes	2,100,000		-5,800,000
Other comprehensive (income)/loss attributable to noncontrolling interest	300,000		400,000
Ending balance	-13,600,000		-5,600,000
Pension and Postretirement Plan Benefit Adjustments	'		'
Accumulated Other Comprehensive Income (Loss)	'		'
Beginning balance	-38,700,000		-56,900,000
Pre-tax income/(loss)	0		0
Income tax expense	0		0
Other comprehensive income/(loss) before reclassifications, net of income taxes	0		0
Pre-tax income	700,000	[1]	1,000,000	[1]
Income tax expense	-300,000		-400,000
Amounts reclassified from accumulated other comprehensive income/(loss), net of income taxes	400,000		600,000
Net current period other comprehensive income/(loss), net of income taxes	400,000		600,000
Other comprehensive (income)/loss attributable to noncontrolling interest	0		0
Ending balance	($38,300,000)		($56,300,000)
[1]	This accumulated other comprehensive income (loss) component is included in the computation of net periodic pension cost (refer to Note 9 for additional details) and is included in the "Selling, general, and administrative expenses" line of the consolidated statements of income.

SEGMENT_AND_GEOGRAPHIC_INFORMA2

SEGMENT AND GEOGRAPHIC INFORMATION (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013	Dec. 28, 2013
Segment Reporting Information	'	'	'
Net sales to external customers	$231,421	$222,524	'
Operating income (loss)	25,960	23,166	'
Total assets	1,089,740	'	1,051,873
Water Systems	'	'	'
Segment Reporting Information	'	'	'
Net sales to external customers	184,600	176,400	'
Operating income (loss)	29,200	28,700	'
Total assets	772,300	'	714,700
Fueling Systems	'	'	'
Segment Reporting Information	'	'	'
Net sales to external customers	46,800	46,100	'
Operating income (loss)	9,100	6,200	'
Total assets	252,800	'	247,900
Other	'	'	'
Segment Reporting Information	'	'	'
Net sales to external customers	0	0	'
Operating income (loss)	-12,300	-11,700	'
Total assets	$64,600	'	$89,300

CONTINGENCIES_AND_COMMITMENTS_1

CONTINGENCIES AND COMMITMENTS (Details) (USD $)	3 Months Ended	0 Months Ended
In Millions, unless otherwise specified	Mar. 29, 2014	Jan. 22, 2014
		California Air Resources Board
Loss Contingencies	'	'
Litigation settlement, amount	'	$0.10
Commitments	'	'
Commitments for the purchase of machinery and equipment and building expansions	18.5	'
Changes in the Carrying Amount of the Warranty Accrual	'	'
Beginning balance	9.5	'
Accruals related to product warranties	1.4	'
Reductions for payments made	-2	'
Ending balance	$8.90	'

SHAREBASED_COMPENSATION_Detail

SHARE-BASED COMPENSATION (Details) (USD $)	3 Months Ended
	Mar. 29, 2014	Mar. 30, 2013	Mar. 29, 2014	Mar. 29, 2014	4-May-12	4-May-12	4-May-12	Apr. 24, 2009	Apr. 24, 2009	Apr. 24, 2009
			Options	Awards	2012 Stock Plan	2012 Stock Plan	2012 Stock Plan	2009 Stock Plan	2009 Stock Plan	2009 Stock Plan
						Options	Employee Stock/Stock Unit Award		Options	Awards
Share-based Compensation	'	'	'	'	'	'	'	'	'	'
Authorized shares	'	'	'	'	2,400,000	1,680,000	720,000	4,400,000	3,200,000	1,200,000
Fair Value Assumptions	'	'	'	'	'	'	'	'	'	'
Risk-free interest rate (as a percent)	1.68%	1.03%	'	'	'	'	'	'	'	'
Dividend yield (as a percent)	0.70%	0.89%	'	'	'	'	'	'	'	'
Volatility factor (as a percent)	38.70%	39.40%	'	'	'	'	'	'	'	'
Expected term (in years)	'5 years 7 months 6 days	'6 years	'	'	'	'	'	'	'	'
Forfeiture rate (as a percent)	3.81%	4.52%	'	'	'	'	'	'	'	'
Stock Option Plans Activity and Related Information	'	'	'	'	'	'	'	'	'	'
Outstanding beginning of period, shares	1,476,000	2,184,000	'	'	'	'	'	'	'	'
Outstanding beginning of period, weighted-average exercise price (in dollars per share)	$19.01	$16.69	'	'	'	'	'	'	'	'
Granted, shares	92,946	176,168	'	'	'	'	'	'	'	'
Granted, weighted-average exercise price (in dollars per share)	$43.27	$32.53	'	'	'	'	'	'	'	'
Exercised, shares	-34,000	-307,000	'	'	'	'	'	'	'	'
Exercised, weighted-average exercise price (in dollars per share)	$18.57	$13.43	'	'	'	'	'	'	'	'
Forfeited, shares	-2,000	0	'	'	'	'	'	'	'	'
Forfeited, weighted-average exercise price (in dollars per share)	$26.95	$0	'	'	'	'	'	'	'	'
Outstanding end of period, shares	1,533,000	2,053,000	'	'	'	'	'	'	'	'
Outstanding end of period, weighted-average exercise price (in dollars per share)	$20.48	$18.54	'	'	'	'	'	'	'	'
Expected to vest after applying forfeiture rate, shares	1,511,000	2,022,000	'	'	'	'	'	'	'	'
Expected to vest after applying forfeiture rate, weighted-average exercise price (in dollars per share)	$20.31	$18.39	'	'	'	'	'	'	'	'
Vested and exercisable end of period, shares	1,070,000	1,457,000	'	'	'	'	'	'	'	'
Vested and exercisable end of period, weighted-average exercise price (in dollars per share)	$16.34	$15.82	'	'	'	'	'	'	'	'
Summary of Weighted Average Remaining Contractual Term and Aggregate Intrinsic Value	'	'	'	'	'	'	'	'	'	'
Outstanding end of period, weighted-average remaining contractual term (in years)	'5 years 9 months 21 days	'	'	'	'	'	'	'	'	'
Outstanding end of period, aggregate intrinsic value (in dollars)	$32,598,000	'	'	'	'	'	'	'	'	'
Expected to vest after applying forfeiture rate, weighted-average remaining contractual term (in years)	'5 years 9 months 3 days	'	'	'	'	'	'	'	'	'
Expected to vest after applying forfeiture rate, aggregate intrinsic value (in dollars)	32,426,000	'	'	'	'	'	'	'	'	'
Vested and exercisable end of period, weighted-average remaining contractual term (in years)	'4 years 7 months 9 days	'	'	'	'	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	27,068,000	'	'	'	'	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	800,000	4,800,000	'	'	'	'	'	'	'	'
Total unrecognized compensation cost related to nonvested share-based compensation (in dollars)	'	'	$2,200,000	$12,800,000	'	'	'	'	'	'
Total unrecognized compensation cost, recogninzed over a weighted-average period (in years)	'	'	'2 years 9 months 21 days	'2 years 10 months 27 days	'	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested	'	'	'	'	'	'	'	'	'	'
Non-vested at beginning of period, shares	551,000	458,000	'	'	'	'	'	'	'	'
Non-vested at beginning of period, weighted-average grant date fair value (in dollars per share)	$24.75	$20.90	'	'	'	'	'	'	'	'
Awarded, shares	172,000	141,000	'	'	'	'	'	'	'	'
Awarded, weighted-average grant date fair value (in dollars per share)	$43.37	$32.53	'	'	'	'	'	'	'	'
Vested, shares	-110,000	-35,000	'	'	'	'	'	'	'	'
Vested, weighted-average grant date fair value (in dollars per share)	$15.75	$17.21	'	'	'	'	'	'	'	'
Forfeited, shares	-56,000	-1,000	'	'	'	'	'	'	'	'
Forfeited, weighted-average grant date fair value (in dollars per share)	$27.81	$18.89	'	'	'	'	'	'	'	'
Non-vested at end of period, shares	557,000	563,000	'	'	'	'	'	'	'	'
Non-vested at the end of period, weighted-average grant date fair value (in dollars per share)	$31.96	$24.04	'	'	'	'	'	'	'	'

RESTRUCTURING_Details

RESTRUCTURING (Details) (USD $)	3 Months Ended
	Mar. 29, 2014	Mar. 30, 2013
Restructuring Cost and Reserve	'	'
Restructuring expense	$136,000	$710,000
Restructuring reserves	0	600,000
Employee severance	'	'
Restructuring Cost and Reserve	'	'
Restructuring expense	100,000	'
Water Systems | Employee severance	'	'
Restructuring Cost and Reserve	'	'
Restructuring expense	100,000	'
Fueling Systems | Employee severance	'	'
Restructuring Cost and Reserve	'	'
Restructuring expense	0	'
Other | Employee severance	'	'
Restructuring Cost and Reserve	'	'
Restructuring expense	$0	'