Franklin Electric (FELE) 10-Q 7 Aug 14 2014 Q2 Quarterly report Financial data

DOCUMENT_AND_ENTITY_INFORMATIO

DOCUMENT AND ENTITY INFORMATION	6 Months Ended
	Jun. 28, 2014	Jul. 31, 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	28-Jun-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	47,563,884

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Income Statement	'	'	'	'
Net sales	$284,466	$263,443	$515,887	$485,967
Cost of sales	185,072	168,852	338,382	317,435
Gross profit	99,394	94,591	177,505	168,532
Selling, general, and administrative expenses	59,971	53,188	111,986	103,253
Restructuring expense	295	697	431	1,407
Operating income	39,128	40,706	65,088	63,872
Interest expense	-2,510	-2,556	-5,294	-5,146
Other income	871	364	1,196	811
Foreign exchange income/(expense)	328	-541	-92	-712
Income before income taxes	37,817	37,973	60,898	58,825
Income taxes	10,359	9,534	16,019	14,771
Net income	27,458	28,439	44,879	44,054
Less: Net income attributable to noncontrolling interests	-384	-304	-848	-463
Net income attributable to Franklin Electric Co., Inc.	$27,074	$28,135	$44,031	$43,591
Income per share:	'	'	'	'
Basic (in dollars per share)	$0.56	$0.59	$0.91	$0.91
Diluted (in dollars per share)	$0.55	$0.58	$0.90	$0.90
Dividends per common share	$0.09	$0.08	$0.17	$0.15

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Net income	$27,458	$28,439	$44,879	$44,054
Other comprehensive income/(loss), before tax:	'	'	'	'
Foreign currency translation adjustments	2,501	-9,871	4,679	-15,660
Employee benefit plan activity	745	1,113	1,490	2,083
Other comprehensive income/(loss)	3,246	-8,758	6,169	-13,577
Income tax related to items of other comprehensive income	-257	-380	-514	-760
Other comprehensive income/(loss), net of tax	2,989	-9,138	5,655	-14,337
Comprehensive income	30,447	19,301	50,534	29,717
Comprehensive loss/(income) attributable to noncontrolling interest	-520	-223	-846	-502
Comprehensive income attributable to Franklin Electric Co., Inc.	$29,927	$19,078	$49,688	$29,215

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 28, 2014	Dec. 28, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$87,680	$134,553
Receivables, less allowances of $3,454 and $3,015, respectively	176,110	115,127
Inventories:	'	'
Raw material	91,269	71,909
Work-in-process	22,584	17,978
Finished goods	125,681	101,674
Total inventories	239,534	191,561
Deferred income taxes	8,194	10,072
Other current assets	27,060	21,041
Total current assets	538,578	472,354
Property, plant, and equipment, at cost:	'	'
Land and buildings	121,906	121,154
Machinery and equipment	237,784	227,521
Furniture and fixtures	37,353	32,104
Other	29,421	26,844
Property, plant, and equipment, gross	426,464	407,623
Less: Allowance for depreciation	-210,712	-199,027
Property, plant, and equipment, net	215,752	208,596
Asset held for sale	0	1,750
Deferred income tax	4,296	2,969
Intangible assets, net	172,257	148,663
Goodwill	213,349	207,220
Other assets	22,145	10,321
Total assets	1,166,377	1,051,873
Current liabilities:	'	'
Accounts payable	75,778	57,755
Deferred tax liability	1,227	1,227
Accrued expenses	58,391	62,081
Income taxes	2,001	2,048
Current maturities of long-term debt and short-term borrowings	69,766	15,363
Total current liabilities	207,163	138,474
Long-term debt	175,405	174,166
Deferred income taxes	54,674	54,618
Employee benefit plans	36,825	41,685
Other long-term liabilities	48,827	39,543
Commitments and contingencies (see Note 16)	0	0
Redeemable noncontrolling interest	3,022	5,171
Shareowners' equity:	'	'
Common stock (65,000 shares authorized, $.10 par value) outstanding (47,599 and 47,715, respectively)	4,760	4,771
Additional capital	202,534	194,810
Retained earnings	480,175	450,855
Accumulated other comprehensive loss	-49,072	-54,729
Total shareowners' equity	638,397	595,707
Noncontrolling interest	2,064	2,509
Total equity	640,461	598,216
Total liabilities and equity	$1,166,377	$1,051,873

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 28, 2014	Dec. 28, 2013
In Thousands, except Per Share data, unless otherwise specified
Current assets:	'	'
Allowance for doubtful accounts (in dollars)	$3,454	$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	47,599	47,715

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 28, 2014	Jun. 29, 2013
Cash flows from operating activities:	'	'
Net income	$44,879	$44,054
Adjustments to reconcile net income to net cash flows from operating activities:	'	'
Depreciation and amortization	18,173	14,877
Share-based compensation	5,076	3,337
Deferred income taxes	-790	43
(Gain)/loss on disposals of plant and equipment	40	-9
Foreign exchange expense	92	712
Excess tax from share-based payment arrangements	-1,678	-3,675
Changes in assets and liabilities, net of acquisitions:	'	'
Receivables	-53,359	-48,420
Inventory	-41,858	-20,113
Accounts payable and accrued expenses	8,307	-872
Income taxes	1,404	5,231
Employee benefit plans	-3,595	-3,029
Other, net	-2,934	2,258
Net cash flows from operating activities	-26,243	-5,606
Cash flows from investing activities:	'	'
Additions to property, plant, and equipment	-17,947	-37,017
Proceeds from sale of property, plant, and equipment	1,623	64
Cash paid for acquisitions, net of cash acquired	-29,813	0
Cash paid for minority equity investment	-6,716	0
Other, net	-2,275	326
Net cash flows from investing activities	-55,128	-36,627
Cash flows from financing activities:	'	'
Proceeds from issuance of debt	68,526	45,807
Repayment of debt	-18,584	-18,576
Proceeds from issuance of common stock	1,184	9,782
Excess tax from share-based payment arrangements	1,678	3,675
Purchases of common stock	-6,475	-9,376
Dividends paid	-8,817	-7,113
Purchase of redeemable noncontrolling shares	-2,875	0
Payment of contingent consideration liability	0	-5,555
Net cash flows from financing activities	34,637	18,644
Effect of exchange rate changes on cash	-139	-2,661
Net change in cash and equivalents	-46,873	-26,250
Cash and equivalents at beginning of period	134,553	103,338
Cash and equivalents at end of period	87,680	77,088
Cash paid for income taxes	15,944	7,718
Cash paid for interest, net of capitalized interest of $392 and $604, respectively	5,279	4,700
Additions to property, plant, and equipment, not yet paid	372	861
Bombas Leao S.A.	'	'
Cash flows from financing activities:	'	'
Payable to seller of Bombas Leao	$267	$0

CONDENSED_CONSOLIDATED_STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 28, 2014	Jun. 29, 2013
Capitalized interest	$392	$604

CONDENSED_CONSOLIDATED_FINANCI

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS	6 Months Ended
	Jun. 28, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS	'
	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 June 28, 2014, and for the second quarters ended June 28, 2014 and June 29, 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 second quarter ended June 28, 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.
	Certain prior year amounts in the “investing activities” section on the condensed consolidated statement of cash flows were reclassified into the "Other, net" line to conform with the current year presentation.  The reclassification within the investing activities section of the condensed consolidated statement of cash flows had no impact on the operating cash flows or any other financial statement.

ACCOUNTING_PRONOUNCEMENTS

ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 28, 2014
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]	'
ACCOUNTING PRONOUCEMENTS	'
	ACCOUNTING PRONOUNCEMENTS
	In April 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("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 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 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.
	In May 2014, the FASB issued ASU 2014-09 Revenue from Contracts with Customers. ASU 2014-09 outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance. The ASU is effective for annual reporting periods beginning after December 15, 2016 and early adoption is not permitted. Entities have the option of using either a full retrospective or a modified retrospective approach to adopt the new ASU. The Company is still in the process of analyzing the effect of this new standard to determine the impact on the Company's consolidated financial position, results of operations, and cash flows.
	In June 2014, the FASB issued ASU 2014-12, Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That the Performance Target Could Be Achieved After the Requisite Service Period. The amendments in the ASU require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. A reporting entity should apply existing guidance in Topic 718, Compensation - Stock Compensation, as it relates to awards with performance conditions that affect vesting to account for such awards. The amendments in the ASU are effective for annual periods beginning after December 15, 2015, and interim periods within annual periods beginning on or after December 15, 2015, with early adoption permitted. The Company is still in the process of analyzing the effect of this new standard to determine the impact on the Company's consolidated financial position, results of operations, and cash flows.

ACQUISITIONS

ACQUISITIONS	6 Months Ended
	Jun. 28, 2014
Business Combinations [Abstract]	'
ACQUISITIONS	'
	ACQUISITIONS
	In an agreement dated June 6, 2014, between the Company and Bombas Leao S.A. ("Bombas Leao"), the Company acquired rights to 100 percent of the outstanding shares of Bombas Leao for a cash purchase price of approximately BRL 69.0 million, $30.7 million at the then current exchange rate, subject to certain terms and conditions. The Company also acquired debt and certain liabilities of Bombas Leao. The Company funded the acquisition with cash on hand and short-term borrowings from the Company's Revolver (see Note 11).
	Bombas Leao, based in Monte Azul Paulista, State of Sao Paulo, Brazil, designs, manufactures, and distributes submersible groundwater pumping equipment through manufacturing and distribution facilities.
	The Bombas Leao intangible assets of $26.5 million consist primarily of customer relationships, which will be amortized utilizing the straight line method over 20 years, and trade names, which are classified as indefinite lived assets and will not be amortized.
	The preliminary goodwill of $5.2 million resulting from the Bombas Leao acquisition consists primarily of broadened product offerings and expanded customer base. All of the goodwill was recorded as part of the Water Systems segment and is not expected to be deductible for tax purposes.
	The preliminary purchase price assigned to the major identifiable assets and liabilities for the acquisition is as follows:
	(In millions)
	Assets:
	Cash acquired	$	0.9
	Current assets	14
	Property, plant, and equipment	2.1
	Intangible assets	26.5
	Goodwill	5.2
	Other assets	3.2
	Total assets	51.9
	Liabilities	(21.2		)
	Total consideration paid	$	30.7
	The fair values of the Bombas Leao identifiable intangible assets and property, plant and equipment are provisional amounts as of June 28, 2014, pending final valuations and purchase accounting adjustments. The Company utilized management estimates and consultation with an independent third-party valuation firm to assist in the valuation process.
	The results of operations of Bombas Leao were included in the Company's condensed consolidated statement of income, from the respective acquisition date through the second quarter ended June 28, 2014. The difference between actual sales for the Company and proforma sales including Bombas Leao as if they were acquired at the beginning of each period was not material as a component of the Company's consolidated sales for the six months ended June 28, 2014 and June 29, 2013, respectively. Due to the immaterial nature of the acquisition, the Company has not included full year proforma statements of income for the acquisition year and previous year.
	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 statements of income for the six months ended June 28, 2014, were $0.9 million. No transaction costs were included in selling, general, and administrative expenses for the six months ended June 29, 2013.

REDEEMABLE_NONCONTROLLING_INTE

REDEEMABLE NONCONTROLLING INTERESTS	6 Months Ended
	Jun. 28, 2014
Noncontrolling Interest [Abstract]	'
REDEEMABLE NONCONTROLLING INTERESTS	'
	REDEEMABLE NONCONTROLLING INTERESTS
	On May 2, 2011, the Company completed the acquisition of 80 percent of Impo. The original 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.
	During the second quarter of 2014, 10 percent of the noncontrolling interest was redeemed, increasing the Company's ownership to 90 percent (see Note 3). The remaining 10 percent noncontrolling interest will continue to be recorded as a redeemable noncontrolling interest on the balance sheet.
	During the second quarter, the Company redeemed 10 percent of the noncontrolling interest of Impo, increasing the Company's ownership to 90 percent for approximately TRY 6.2 million, $2.9 million at the then current exchange rate. The 10 percent redemption value was calculated using a specified formula and resulted in a carrying value adjustment of TRY 0.2 million ($0.1 million). The redemption reduced the "Redeemable noncontrolling interest" line in the Company's condensed consolidated balance sheet. Due to the immaterial nature of the redemption, the Company has not included full year proforma statements of income for the acquisition year or previous year. The original 80 percent controlling interest was acquired in the second quarter of 2011.
	The remaining redeemable 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 June 28, 2014, the Impo redeemable noncontrolling interest was recorded at the redemption value.
	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.  Adjustments for both the redeemed and redeemable noncontrolling interests totaled $0.2 million for the second quarter and six months ended June 28, 2014. No adjustments were necessary for the second quarter and six months ended June 29, 2013.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 28, 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 June 28, 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.
		June 28, 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	$	11.3	$	11.3	$	—	$	—	$	—
		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	6 Months Ended
	Jun. 28, 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 147,750 shares. For the second quarter and six months ended June 28, 2014, the swap transaction resulted in a loss of $0.1 million and a loss of $0.3 million, respectively. All gains or losses and expenses related to the total return swap are recorded in the Company's condensed consolidated statements of income within the “Selling, general, and administrative expenses” line.

OTHER_ASSETS

OTHER ASSETS	6 Months Ended
	Jun. 28, 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 condensed 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 the aggregate. The Company’s proportionate share of earnings from its equity interests, included in the "Other income" line of the Company's condensed consolidated statements of income, were immaterial for the second quarter and six months ended June 28, 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 condensed consolidated balance sheet. The agreement provides for interest on the loan at a variable market interest rate with the debtor 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	6 Months Ended
	Jun. 28, 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)	June 28, 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		(4.0		)	7.5		(3.8		)
	Customer relationships	145.4		(33.5		)	125.1		(29.7		)
	Software	2.1		(0.5		)	2.1		(0.4		)
	Other	1.3		(1.3		)	1.3		(1.2		)
	Total	$	168.5	$	(49.7	)	$	148.2	$	(45.4	)
	Unamortized intangibles:
	Trade names	53.5		—			45.9		—
	Total intangibles	$	222	$	(49.7	)	$	194.1	$	(45.4	)
	Amortization expense related to intangible assets for the second quarters ended June 28, 2014 and June 29, 2013 was $2.1 million and $2.0 million, respectively, and $4.1 million and $4.0 million for the six months ended June 28, 2014 and June 29, 2013, respectively.
	Amortization expense for each of the five succeeding years is projected as follows:
	(In millions)	2014		2015			2016		2017			2018
		$	8.7	$	9.1		$	9.1	$	8.8		$	8.7
	The change in the carrying amount of goodwill by reporting segment for the six months ended June 28, 2014, is as follows:
	(In millions)
		Water Systems		Fueling Systems			Consolidated
	Balance as of December 28, 2013	$	144.1	$	63.1		$	207.2
	Acquisitions	5.2		—			5.2
	Foreign currency translation	0.8		0.1			0.9
	Balance as of June 28, 2014	$	150.1	$	63.2		$	213.3

EMPLOYEE_BENEFIT_PLANS

EMPLOYEE BENEFIT PLANS	6 Months Ended
	Jun. 28, 2014
Compensation and Retirement Disclosure [Abstract]	'
EMPLOYEE BENEFIT PLANS	'
	EMPLOYEE BENEFIT PLANS
	Defined Benefit Plans - As of June 28, 2014, the Company maintained two domestic pension plans and three German pension plans. The Company used a December 28, 2013 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 second quarters and six months ended June 28, 2014 and June 29, 2013:
	(In millions)	Pension Benefits
		Second Quarter Ended						Six Months Ended
		June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
	Service cost	$	0.4		$	0.6		$	0.7		$	1
	Interest cost	2.1			1.9			4.1			3.8
	Expected return on assets	(2.6		)	(2.5		)	(5.2		)	(5.0		)
	Amortization of prior service cost	—			—			—			—
	Amortization of loss	0.6			0.8			1.2			1.7
	Net periodic benefit cost	$	0.5		$	0.8		$	0.8		$	1.5
	Settlement cost	0.2			—			0.4			—
	Total net periodic benefit cost	$	0.7		$	0.8		$	1.2		$	1.5
	In the six months ended June 28, 2014, the Company made contributions of $4.3 million to the funded plans. 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.
	The following table sets forth the aggregated net periodic benefit cost for the postretirement benefit plan for the second quarters and six months ended June 28, 2014 and June 29, 2013, respectively:
		Other Benefits
		Second Quarter Ended						Six Months Ended
		28-Jun-14			29-Jun-13			28-Jun-14			29-Jun-13
	Service cost	$	0.1		$	0.1		$	0.1		$	0.1
	Interest cost	0.1			0.1			0.2			0.2
	Expected return on assets	—			—			—			—
	Amortization of prior service cost	0.1			0.1			0.2			0.2
	Amortization of loss	—			—			—			0.1
	Net periodic benefit cost	$	0.3		$	0.3		$	0.5		$	0.6
	Settlement cost	—			—			—			—
	Total net periodic benefit cost	$	0.3		$	0.3		$	0.5		$	0.6

INCOME_TAXES

INCOME TAXES	6 Months Ended
	Jun. 28, 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. and foreign 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.
	The Company recorded additional unrecognized tax benefits of $4.1 million. This amount is associated with uncertain tax positions taken by newly acquired companies in tax years prior to the acquisition of these companies by the Company.

DEBT

DEBT	6 Months Ended
	Jun. 28, 2014
Debt Disclosure [Abstract]	'
DEBT	'
	DEBT
	Debt consisted of the following:
	(In millions)	June 28, 2014			December 28, 2013
	Prudential Agreement - 5.79 percent	$	150		$	150
	Tax increment financing debt	24.1			24.6
	Revolver	48.2			—
	Capital leases	1			0.8
	Foreign subsidiary debt	21.9			14.2
		245.2			189.6
	Less current maturities	(69.8		)	(15.4		)
	Long-term debt	$	175.4		$	174.2
	Foreign subsidiary debt denoted in the table above is predominately comprised of debt at Impo and Bombas Leao.
	On June 6, 2014, the Company assumed debt relating to the acquisition of Bombas Leao (see Note 3) of BRL 12.4 million, $5.5 million at the then current exchange rate. The debt instruments bear interest rates ranging from 2.50 percent to 19.42 percent, with due dates ranging from November 2014 - November 2017. There are no financial covenants associated with these debt instruments.
	The total estimated fair value of debt was $259.9 million and $203.7 million at June 28, 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	$	244.2		$	69.4		$	31.2	$	32.2	$	31.1	$	31	$	49.3
	Capital leases	1			0.4			0.2		0.2		0.1		0.1		—
		$	245.2		$	69.8		$	31.4	$	32.4	$	31.2	$	31.1	$	49.3

EARNINGS_PER_SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 28, 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:
		Second Quarter Ended				Six Months Ended
	(In millions, except per share amounts)	June 28, 2014		June 29, 2013		June 28, 2014		June 29, 2013
	Numerator:
	Net income attributable to Franklin Electric Co., Inc.	$	27.1	$	28.1	$	44	$	43.6
	Less: Undistributed earnings allocable to participating securities	0.3		0.3		0.5		0.5
	Less: Undistributed earnings allocated to redeemable non-controlling interest	0.2		—		0.2		—
		$	26.6	$	27.8	$	43.3	$	43.1
	Denominator:
	Basic
	Weighted average common shares	47.6		47.5		47.7		47.4
	Diluted
	Effect of dilutive securities:
	Non-participating employee and director incentive stock options and performance awards	0.6		0.6		0.6		0.6
	Adjusted weighted average common shares	48.2		48.1		48.3		48
	Basic earnings per share	$	0.56	$	0.59	$	0.91	$	0.91
	Diluted earnings per share	$	0.55	$	0.58	$	0.9	$	0.9
	Anti-dilutive stock options	0.1		0.1		0.1		0.1

EQUITY_ROLL_FORWARD

EQUITY ROLL FORWARD	6 Months Ended
	Jun. 28, 2014
Equity [Abstract]	'
EQUITY ROLL FORWARD	'
	EQUITY ROLL FORWARD
	The schedule below sets forth equity changes in the six months ended June 28, 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						44,031									382			44,413			466
	Adjustment to Impo redemption value						(235		)										(235		)	235
	Dividends on common stock						(8,017		)										(8,017		)
	Common stock issued	6			1,178														1,184
	Common stock repurchased or received for stock options exercised	(16		)			(6,459		)										(6,475		)
	Share-based compensation	(1		)	5,077														5,076
	Tax benefit of stock options exercised				1,469														1,469
	Noncontrolling dividend															(800		)	(800		)
	Purchase of redeemable non-controlling shares																					(2,875		)
	Currency translation adjustment												4,681			(27		)	4,654			25
	Pension liability, net of tax									976									976
	Balance as of June 28, 2014	$	4,760		$	202,534	$	480,175		$	(37,731	)	$	(11,341	)	$	2,064		$	640,461		$	3,022

ACCUMULATED_OTHER_COMPREHENSIV

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Jun. 28, 2014
Equity [Abstract]	'
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	'
	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
	Changes in accumulated other comprehensive income (loss) by component for the six months ended June 28, 2014 and June 29, 2013, are summarized below:
	(In millions)
	For the six months ended June 28, 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)	4.7			—				4.7
	Income tax expense	—			—				—
	Other comprehensive income/(loss) before reclassifications, net of income taxes	4.7			—				4.7
	Amounts reclassified from accumulated other comprehensive income/(loss):
	Pre-tax income	—			1.5			-1	1.5
	Income tax expense	—			(0.5		)		(0.5		)
	Amounts reclassified from accumulated other comprehensive income/(loss), net of income taxes	—			1				1
	Net current period other comprehensive income/(loss), net of income taxes	4.7			1				5.7
	Other comprehensive (income)/loss attributable to noncontrolling interest	(0.1		)	—				(0.1		)
	Balance as of June 28, 2014	$	(11.4	)	$	(37.7	)		$	(49.1	)
	For the six months ended June 29, 2013:
	Balance as of December 29, 2012	$	(0.3	)	$	(56.8	)		$	(57.1	)
	Other comprehensive income/(loss) before reclassifications:
	Pre-tax income/(loss)	(15.6		)	—				(15.6		)
	Income tax expense	—			—				—
	Other comprehensive income/(loss) before reclassifications, net of income taxes	(15.6		)	—				(15.6		)
	Amounts reclassified from accumulated other comprehensive income/(loss):
	Pre-tax income	—			2.1			-1	2.1
	Income tax expense	—			(0.8		)		(0.8		)
	Amounts reclassified from accumulated other comprehensive income/(loss), net of income taxes	—			1.3				1.3
	Net current period other comprehensive income/(loss), net of income taxes	(15.6		)	1.3				(14.3		)
	Other comprehensive (income)/loss attributable to noncontrolling interest	(0.1		)	—				(0.1		)
	Balance as of June 29, 2013	$	(16.0	)	$	(55.5	)		$	(71.5	)
	(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 condensed consolidated statements of income.

SEGMENT_INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 28, 2014
Segment Reporting [Abstract]	'
SEGMENT INFORMATION	'
	SEGMENT INFORMATION
	Financial information by reportable business segment is included in the following summary:
		Second Quarter Ended						Six Months Ended
	(In millions)	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
		Net sales to external customers
	Water Systems	$	226.7		$	213.7		$	411.3		$	390.2
	Fueling Systems	57.8			49.7			104.6			95.8
	Other	—			—			$	—		$	—
	Consolidated	$	284.5		$	263.4		$	515.9		$	486
		Second Quarter Ended						Six Months Ended
		June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
		Operating income (loss)
	Water Systems	$	41.7		$	42.7		$	71		$	71.4
	Fueling Systems	13.5			10.8			22.5			17.1
	Other	(16.1		)	(12.8		)	(28.4		)	(24.6		)
	Consolidated	$	39.1		$	40.7		$	65.1		$	63.9
		June 28, 2014			December 28, 2013
		Total assets
	Water Systems	$	849		$	714.7
	Fueling Systems	260.1			247.9
	Other	57.3			89.3
	Consolidated	$	1,166.40		$	1,051.90
	Property, plant, and equipment is the major asset group in "Other" of total assets as of June 28, 2014. Cash is the major asset group in “Other” of total assets as of December 28, 2013.

CONTINGENCIES_AND_COMMITMENTS

CONTINGENCIES AND COMMITMENTS	6 Months Ended
	Jun. 28, 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. On July 16, 2014, CARB appealed and filed its brief in support of the appeal. The Company has until September 29, 2014 to file its response brief.  If a hearing is held on the appeal it will likely occur sometime late in the fourth quarter 2014 or early first quarter 2015.
	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 June 28, 2014, the Company had $12.3 million of commitments primarily for the purchase of raw materials to be used in production.
	The company provides warranties on most of its products. The warranty terms vary but are generally 2 years from date of manufacture or 1 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 5 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 condensed consolidated balance sheet for the six months ended June 28, 2014, are as follows:
	(In millions)
	Balance as of December 28, 2013	$	9.5
	Accruals related to product warranties	3.4
	Reductions for payments made	(4.4		)
	Balance as of June 28, 2014	$	8.5

SHAREBASED_COMPENSATION

SHARE-BASED COMPENSATION	6 Months Ended
	Jun. 28, 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, and stock unit 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 six months ended June 28, 2014 and June 29, 2013, are as follows:
			June 28, 2014			June 29, 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 22,050 stock options granted during the second quarter ended June 28, 2014. There were no stock options granted during the second quarter ended June 29, 2013.
	A summary of the Company’s outstanding stock option activity and related information for the six months ended June 28, 2014 and June 29, 2013 is as follows:
	(Shares in thousands)		June 28, 2014					June 29, 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		115			42.24		176			32.53
	Exercised		(63	)		18.89		(632	)		15.06
	Forfeited		(3	)		26.95		(3	)		10.6
	Expired		(16	)		16.34		—			—
	Outstanding at end of period		1,509			$	20.8	1,725			$	18.91
	Expected to vest after applying forfeiture rate		1,491			$	20.63	1,698			$	18.77
	Vested and exercisable at end of period		1,194			$	17.62	1,191			$	16.05
	A summary of the weighted-average remaining contractual term and aggregate intrinsic value for the six months ended June 28, 2014 is as follows:
			Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value (000's)
	Outstanding at end of period		5.70 years		$	29,880
	Expected to vest after applying forfeiture rate		5.66 years		$	29,767
	Vested and exercisable at end of period		4.93 years		$	27,225
	The total intrinsic value of options exercised during the six months ended June 28, 2014 and June 29, 2013, was $1.4 million and $11.5 million, respectively.
	As of June 28, 2014, there was $2.0 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 2.62 years.
	Stock/Stock Unit Awards:
	A summary of the Company’s restricted stock/stock unit award activity and related information for the six months ended June 28, 2014 and June 29, 2013 is as follows:
	(Shares in thousands)		June 28, 2014					June 29, 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		193			42.81		153				32.5
	Vested		(124	)		16.75		(60		)		18.9
	Forfeited		(59	)		28.04		(2		)		17.7
	Non-vested at end of period		561			$	32.38	$	549			$	24.37
	As of June 28, 2014, there was $10.2 million of total unrecognized compensation cost related to non-vested share-based compensation arrangements related to stock/stock unit 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 2.58 years.

RESTRUCTURING

RESTRUCTURING	6 Months Ended
	Jun. 28, 2014
Restructuring and Related Activities [Abstract]	'
RESTRUCTURING	'
	RESTRUCTURING
	Costs incurred in the second quarter and six months ended June 28, 2014, included in the “Restructuring expense” line of the Company's condensed consolidated statements of income, are as follows:
		Second Quarter Ended
		June 28, 2014
	(In millions)	Water Systems		Fueling Systems		Other		Consolidated
	Employee severance	$	0.2	$	—	$	—	$	0.2
	Asset write-off	0.1		—		—		0.1
	Total	$	0.3	$	—	$	—	$	0.3
		Six Months Ended
		June 28, 2014
	(In millions)	Water Systems		Fueling Systems		Other		Consolidated
	Employee severance	$	0.3	$	—	$	—	$	0.3
	Asset write-off	0.1		—		—		0.1
	Total	$	0.4	$	—	$	—	$	0.4
	Restructuring expenses for the second quarter ended June 29, 2013 were approximately $0.7 million, and primarily related to the relocation of the Company to the new Corporate Headquarters and Engineering Center in Fort Wayne, Indiana. Restructuring expenses of $1.4 million were incurred in the six months ended June 29, 2013, primarily relating to severance.
	As of June 28, 2014, there were no restructuring reserves. As of June 29, 2013, there were $0.3 million in restructuring reserves. The restructuring reserves were primarily for severance.

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details)	6 Months Ended
	Jun. 28, 2014
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	SUBSEQUENT EVENTS
	On July 1, 2014, the Company announced a plan to close its Wittlich, Germany manufacturing facility.  As part of this action, the Company will transfer the existing Wittlich manufacturing activity to its Brno, Czech Republic facility. The Company will maintain its European Water Systems Headquarters and distribution center in Wittlich, only the manufacturing operations will be relocating

ACQUISITIONS_Tables

ACQUISITIONS (Tables)	6 Months Ended
	Jun. 28, 2014
Business Combinations [Abstract]	'
Schedule of Purchase Price Allocation	'
	The preliminary purchase price assigned to the major identifiable assets and liabilities for the acquisition is as follows:
	(In millions)
	Assets:
	Cash acquired	$	0.9
	Current assets	14
	Property, plant, and equipment	2.1
	Intangible assets	26.5
	Goodwill	5.2
	Other assets	3.2
	Total assets	51.9
	Liabilities	(21.2		)
	Total consideration paid	$	30.7

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 28, 2014
Fair Value Disclosures [Abstract]	'
Schedule of Fair Value, Assets Measured on Recurring Basis	'
	As of June 28, 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.
		June 28, 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	$	11.3	$	11.3	$	—	$	—	$	—
		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)	6 Months Ended
	Jun. 28, 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)	June 28, 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		(4.0		)	7.5		(3.8		)
	Customer relationships	145.4		(33.5		)	125.1		(29.7		)
	Software	2.1		(0.5		)	2.1		(0.4		)
	Other	1.3		(1.3		)	1.3		(1.2		)
	Total	$	168.5	$	(49.7	)	$	148.2	$	(45.4	)
	Unamortized intangibles:
	Trade names	53.5		—			45.9		—
	Total intangibles	$	222	$	(49.7	)	$	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
		$	8.7	$	9.1		$	9.1	$	8.8		$	8.7
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 six months ended June 28, 2014, is as follows:
	(In millions)
		Water Systems		Fueling Systems			Consolidated
	Balance as of December 28, 2013	$	144.1	$	63.1		$	207.2
	Acquisitions	5.2		—			5.2
	Foreign currency translation	0.8		0.1			0.9
	Balance as of June 28, 2014	$	150.1	$	63.2		$	213.3

EMPLOYEE_BENEFIT_PLANS_Tables

EMPLOYEE BENEFIT PLANS (Tables)	6 Months Ended
	Jun. 28, 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 second quarters and six months ended June 28, 2014 and June 29, 2013:
	(In millions)	Pension Benefits
		Second Quarter Ended						Six Months Ended
		June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
	Service cost	$	0.4		$	0.6		$	0.7		$	1
	Interest cost	2.1			1.9			4.1			3.8
	Expected return on assets	(2.6		)	(2.5		)	(5.2		)	(5.0		)
	Amortization of prior service cost	—			—			—			—
	Amortization of loss	0.6			0.8			1.2			1.7
	Net periodic benefit cost	$	0.5		$	0.8		$	0.8		$	1.5
	Settlement cost	0.2			—			0.4			—
	Total net periodic benefit cost	$	0.7		$	0.8		$	1.2		$	1.5

DEBT_Tables

DEBT (Tables)	6 Months Ended
	Jun. 28, 2014
Debt Disclosure [Abstract]	'
Schedule of Long-term Debt	'
	Debt consisted of the following:
	(In millions)	June 28, 2014			December 28, 2013
	Prudential Agreement - 5.79 percent	$	150		$	150
	Tax increment financing debt	24.1			24.6
	Revolver	48.2			—
	Capital leases	1			0.8
	Foreign subsidiary debt	21.9			14.2
		245.2			189.6
	Less current maturities	(69.8		)	(15.4		)
	Long-term debt	$	175.4		$	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	$	244.2		$	69.4		$	31.2	$	32.2	$	31.1	$	31	$	49.3
	Capital leases	1			0.4			0.2		0.2		0.1		0.1		—
		$	245.2		$	69.8		$	31.4	$	32.4	$	31.2	$	31.1	$	49.3

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 28, 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:
		Second Quarter Ended				Six Months Ended
	(In millions, except per share amounts)	June 28, 2014		June 29, 2013		June 28, 2014		June 29, 2013
	Numerator:
	Net income attributable to Franklin Electric Co., Inc.	$	27.1	$	28.1	$	44	$	43.6
	Less: Undistributed earnings allocable to participating securities	0.3		0.3		0.5		0.5
	Less: Undistributed earnings allocated to redeemable non-controlling interest	0.2		—		0.2		—
		$	26.6	$	27.8	$	43.3	$	43.1
	Denominator:
	Basic
	Weighted average common shares	47.6		47.5		47.7		47.4
	Diluted
	Effect of dilutive securities:
	Non-participating employee and director incentive stock options and performance awards	0.6		0.6		0.6		0.6
	Adjusted weighted average common shares	48.2		48.1		48.3		48
	Basic earnings per share	$	0.56	$	0.59	$	0.91	$	0.91
	Diluted earnings per share	$	0.55	$	0.58	$	0.9	$	0.9
	Anti-dilutive stock options	0.1		0.1		0.1		0.1

EQUITY_ROLL_FORWARD_Tables

EQUITY ROLL FORWARD (Tables)	6 Months Ended
	Jun. 28, 2014
Equity [Abstract]	'
Schedule of Stockholders' Equity	'
	The schedule below sets forth equity changes in the six months ended June 28, 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						44,031									382			44,413			466
	Adjustment to Impo redemption value						(235		)										(235		)	235
	Dividends on common stock						(8,017		)										(8,017		)
	Common stock issued	6			1,178														1,184
	Common stock repurchased or received for stock options exercised	(16		)			(6,459		)										(6,475		)
	Share-based compensation	(1		)	5,077														5,076
	Tax benefit of stock options exercised				1,469														1,469
	Noncontrolling dividend															(800		)	(800		)
	Purchase of redeemable non-controlling shares																					(2,875		)
	Currency translation adjustment												4,681			(27		)	4,654			25
	Pension liability, net of tax									976									976
	Balance as of June 28, 2014	$	4,760		$	202,534	$	480,175		$	(37,731	)	$	(11,341	)	$	2,064		$	640,461		$	3,022

ACCUMULATED_OTHER_COMPREHENSIV1

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Jun. 28, 2014
Equity [Abstract]	'
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	'
	Changes in accumulated other comprehensive income (loss) by component for the six months ended June 28, 2014 and June 29, 2013, are summarized below:
	(In millions)
	For the six months ended June 28, 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)	4.7			—				4.7
	Income tax expense	—			—				—
	Other comprehensive income/(loss) before reclassifications, net of income taxes	4.7			—				4.7
	Amounts reclassified from accumulated other comprehensive income/(loss):
	Pre-tax income	—			1.5			-1	1.5
	Income tax expense	—			(0.5		)		(0.5		)
	Amounts reclassified from accumulated other comprehensive income/(loss), net of income taxes	—			1				1
	Net current period other comprehensive income/(loss), net of income taxes	4.7			1				5.7
	Other comprehensive (income)/loss attributable to noncontrolling interest	(0.1		)	—				(0.1		)
	Balance as of June 28, 2014	$	(11.4	)	$	(37.7	)		$	(49.1	)
	For the six months ended June 29, 2013:
	Balance as of December 29, 2012	$	(0.3	)	$	(56.8	)		$	(57.1	)
	Other comprehensive income/(loss) before reclassifications:
	Pre-tax income/(loss)	(15.6		)	—				(15.6		)
	Income tax expense	—			—				—
	Other comprehensive income/(loss) before reclassifications, net of income taxes	(15.6		)	—				(15.6		)
	Amounts reclassified from accumulated other comprehensive income/(loss):
	Pre-tax income	—			2.1			-1	2.1
	Income tax expense	—			(0.8		)		(0.8		)
	Amounts reclassified from accumulated other comprehensive income/(loss), net of income taxes	—			1.3				1.3
	Net current period other comprehensive income/(loss), net of income taxes	(15.6		)	1.3				(14.3		)
	Other comprehensive (income)/loss attributable to noncontrolling interest	(0.1		)	—				(0.1		)
	Balance as of June 29, 2013	$	(16.0	)	$	(55.5	)		$	(71.5	)
	(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 condensed consolidated statements of income.

SEGMENT_INFORMATION_Tables

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 28, 2014
Segment Reporting [Abstract]	'
Schedule of Financial Information by Reportable Business Segment	'
	Financial information by reportable business segment is included in the following summary:
		Second Quarter Ended						Six Months Ended
	(In millions)	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
		Net sales to external customers
	Water Systems	$	226.7		$	213.7		$	411.3		$	390.2
	Fueling Systems	57.8			49.7			104.6			95.8
	Other	—			—			$	—		$	—
	Consolidated	$	284.5		$	263.4		$	515.9		$	486
		Second Quarter Ended						Six Months Ended
		June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
		Operating income (loss)
	Water Systems	$	41.7		$	42.7		$	71		$	71.4
	Fueling Systems	13.5			10.8			22.5			17.1
	Other	(16.1		)	(12.8		)	(28.4		)	(24.6		)
	Consolidated	$	39.1		$	40.7		$	65.1		$	63.9
		June 28, 2014			December 28, 2013
		Total assets
	Water Systems	$	849		$	714.7
	Fueling Systems	260.1			247.9
	Other	57.3			89.3
	Consolidated	$	1,166.40		$	1,051.90

CONTINGENCIES_AND_COMMITMENTS_

CONTINGENCIES AND COMMITMENTS (Tables)	6 Months Ended
	Jun. 28, 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 condensed consolidated balance sheet for the six months ended June 28, 2014, are as follows:
	(In millions)
	Balance as of December 28, 2013	$	9.5
	Accruals related to product warranties	3.4
	Reductions for payments made	(4.4		)
	Balance as of June 28, 2014	$	8.5

SHAREBASED_COMPENSATION_Tables

SHARE-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 28, 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 six months ended June 28, 2014 and June 29, 2013, are as follows:
			June 28, 2014			June 29, 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 six months ended June 28, 2014 and June 29, 2013 is as follows:
	(Shares in thousands)		June 28, 2014					June 29, 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		115			42.24		176			32.53
	Exercised		(63	)		18.89		(632	)		15.06
	Forfeited		(3	)		26.95		(3	)		10.6
	Expired		(16	)		16.34		—			—
	Outstanding at end of period		1,509			$	20.8	1,725			$	18.91
	Expected to vest after applying forfeiture rate		1,491			$	20.63	1,698			$	18.77
	Vested and exercisable at end of period		1,194			$	17.62	1,191			$	16.05
Schedule of Stock Options, Contractual Term and Aggregate Intrinsic Value	'
	A summary of the weighted-average remaining contractual term and aggregate intrinsic value for the six months ended June 28, 2014 is as follows:
			Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value (000's)
	Outstanding at end of period		5.70 years		$	29,880
	Expected to vest after applying forfeiture rate		5.66 years		$	29,767
	Vested and exercisable at end of period		4.93 years		$	27,225
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 six months ended June 28, 2014 and June 29, 2013 is as follows:
	(Shares in thousands)		June 28, 2014					June 29, 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		193			42.81		153				32.5
	Vested		(124	)		16.75		(60		)		18.9
	Forfeited		(59	)		28.04		(2		)		17.7
	Non-vested at end of period		561			$	32.38	$	549			$	24.37

RESTRUCTURING_Tables

RESTRUCTURING (Tables)	6 Months Ended
	Jun. 28, 2014
Restructuring and Related Activities [Abstract]	'
Schedule of Restructuring Cost Incurred, Included in Restructuring Expense	'
	Costs incurred in the second quarter and six months ended June 28, 2014, included in the “Restructuring expense” line of the Company's condensed consolidated statements of income, are as follows:
		Second Quarter Ended
		June 28, 2014
	(In millions)	Water Systems		Fueling Systems		Other		Consolidated
	Employee severance	$	0.2	$	—	$	—	$	0.2
	Asset write-off	0.1		—		—		0.1
	Total	$	0.3	$	—	$	—	$	0.3
		Six Months Ended
		June 28, 2014
	(In millions)	Water Systems		Fueling Systems		Other		Consolidated
	Employee severance	$	0.3	$	—	$	—	$	0.3
	Asset write-off	0.1		—		—		0.1
	Total	$	0.4	$	—	$	—	$	0.4

ACQUISITIONS_Purchase_Price_As

ACQUISITIONS (Purchase Price Assigned to Each Major Identifiable Asset and Liability) (Details) (USD $)	Jun. 28, 2014	Dec. 28, 2013	Jun. 06, 2014
			Bombas Leao S.A.
Business Acquisition	'	'	'
Cash acquired	'	'	$900,000
Current assets	'	'	14,000,000
Property, plant, and equipment	'	'	2,100,000
Intangible assets	'	'	26,500,000
Goodwill	213,349,000	207,220,000	5,200,000
Other assets	'	'	3,200,000
Total assets	'	'	51,900,000
Liabilities	'	'	21,200,000
Total consideration paid	'	'	$30,700,000

ACQUISITIONS_Details

ACQUISITIONS (Details)	6 Months Ended			0 Months Ended
In Millions, unless otherwise specified	Jun. 28, 2014	Jun. 29, 2013	Jun. 06, 2014	Jun. 06, 2014	Jun. 06, 2014	Apr. 28, 2014	2-May-11
	USD ($)	USD ($)		Bombas Leao S.A.	Bombas Leao S.A.	Impo Motor Pompa Sanayi ve Ticaret A.S.	Impo Motor Pompa Sanayi ve Ticaret A.S.
				USD ($)	BRL
Business Acquisition	'	'	'	'	'	'	'
Percentage of voting interests acquired	'	'	100.00%	'	'	10.00%	80.00%
Cash payments to acquire business	'	'	'	$30.70	69	'	'
Acquired finite-lived intangible assets, weighted average useful life (in years)	'	'	'	'20 years	'20 years	'	'
Business combination, acquisition related costs	$0.90	$0	'	'	'	'	'

REDEEMABLE_NONCONTROLLING_INTE1

REDEEMABLE NONCONTROLLING INTERESTS (Details)	0 Months Ended		3 Months Ended			6 Months Ended
	2-May-11	Jun. 06, 2014	Jun. 28, 2014	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013	Apr. 28, 2014	2-May-11
			Impo Motor Pompa Sanayi ve Ticaret A.S.	Impo Motor Pompa Sanayi ve Ticaret A.S.	Impo Motor Pompa Sanayi ve Ticaret A.S.	Impo Motor Pompa Sanayi ve Ticaret A.S.	Impo Motor Pompa Sanayi ve Ticaret A.S.	Impo Motor Pompa Sanayi ve Ticaret A.S.	Impo Motor Pompa Sanayi ve Ticaret A.S.
			USD ($)	TRY	USD ($)	USD ($)	USD ($)
Redeemable Noncontrolling Interest	'	'	'	'	'	'	'	'	'
Noncontrolling interest, description	'3 years	'	'	'	'	'	'	'	'
Percentage of outstanding shares acquired	'	100.00%	'	'	'	'	'	10.00%	80.00%
Total ownership percentage by parent	'	'	'	'	'	'	'	90.00%	'
Temporary equity, accretion to redemption value on redemption	'	'	$100,000	200,000	'	'	'	'	'
Payment for noncontrolling interest purchase	'	'	2,900,000	6,200,000	'	'	'	'	'
Ownership percentage by noncontrolling owners	'	'	'	'	'	'	'	10.00%	20.00%
Noncontrolling interest, change in redemption value	'	'	$200,000	'	$0	$200,000	$0	'	'

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (Recurring Basis, USD $)	6 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Jun. 28, 2014	Dec. 28, 2013
Fair Value, Assets Measured on Recurring and Nonrecurring Basis	'	'
Recognized loss	$0	$0
Estimated Fair Value	'	'
Fair Value, Assets Measured on Recurring and Nonrecurring Basis	'	'
Cash equivalents	11.3	6.6
Quoted Prices in Active Markets for Identical Assets (Level 1)	'	'
Fair Value, Assets Measured on Recurring and Nonrecurring Basis	'	'
Cash equivalents	11.3	6.6
Significant Other Observable Inputs (Level 2)	'	'
Fair Value, Assets Measured on Recurring and Nonrecurring Basis	'	'
Cash equivalents	0	0
Significant Unobservable Inputs (Level 3)	'	'
Fair Value, Assets Measured on Recurring and Nonrecurring Basis	'	'
Cash equivalents	$0	$0

FINANCIAL_INSTRUMENTS_Details

FINANCIAL INSTRUMENTS (Details) (Share Swap Transaction Agreement, Not Designated as Hedging Instrument, USD $)	6 Months Ended
In Millions, except Share data, unless otherwise specified	Jun. 28, 2014
Derivative	'
Derivative notional amount (in shares)	147,750
Derivative cancellable written notice term	'30 days
Selling, general, and administrative expenses	'
Derivative	'
Loss on derivative	0.3

GOODWILL_AND_OTHER_INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Intangible Assets) (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013	Dec. 28, 2013
Intangible Assets	'	'	'	'	'
Gross carrying amount, amortized intangibles	$168.50	'	$168.50	'	$148.20
Accumulated amortization	-49.7	'	-49.7	'	-45.4
Gross carrying amount, total intangibles	222	'	222	'	194.1
Amortization expense, intangible assets	2.1	2	4.1	4	'
Future Amortization Expense	'	'	'	'	'
2014	8.7	'	8.7	'	'
2015	9.1	'	9.1	'	'
2016	9.1	'	9.1	'	'
2017	8.8	'	8.8	'	'
2018	8.7	'	8.7	'	'
Patents	'	'	'	'	'
Intangible Assets	'	'	'	'	'
Gross carrying amount, amortized intangibles	7.8	'	7.8	'	7.8
Accumulated amortization	-6	'	-6	'	-5.9
Supply Agreements	'	'	'	'	'
Intangible Assets	'	'	'	'	'
Gross carrying amount, amortized intangibles	4.4	'	4.4	'	4.4
Accumulated amortization	-4.4	'	-4.4	'	-4.4
Technology	'	'	'	'	'
Intangible Assets	'	'	'	'	'
Gross carrying amount, amortized intangibles	7.5	'	7.5	'	7.5
Accumulated amortization	-4	'	-4	'	-3.8
Customer Relationships	'	'	'	'	'
Intangible Assets	'	'	'	'	'
Gross carrying amount, amortized intangibles	145.4	'	145.4	'	125.1
Accumulated amortization	-33.5	'	-33.5	'	-29.7
Software	'	'	'	'	'
Intangible Assets	'	'	'	'	'
Gross carrying amount, amortized intangibles	2.1	'	2.1	'	2.1
Accumulated amortization	-0.5	'	-0.5	'	-0.4
Other	'	'	'	'	'
Intangible Assets	'	'	'	'	'
Gross carrying amount, amortized intangibles	1.3	'	1.3	'	1.3
Accumulated amortization	-1.3	'	-1.3	'	-1.2
Trade Names	'	'	'	'	'
Intangible Assets	'	'	'	'	'
Gross carrying amount, unamortized intangibles	$53.50	'	$53.50	'	$45.90

GOODWILL_AND_OTHER_INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS (Goodwill) (Details) (USD $)	6 Months Ended
	Jun. 28, 2014
Change in the Carrying Amount of Goodwill by Reporting Segment	'
Goodwill, beginning balance	$207,220,000
Acquisitions	5,200,000
Foreign currency translation	900,000
Goodwill, ending balance	213,349,000
Water Systems	'
Change in the Carrying Amount of Goodwill by Reporting Segment	'
Goodwill, beginning balance	144,100,000
Acquisitions	5,200,000
Foreign currency translation	800,000
Goodwill, ending balance	150,100,000
Fueling Systems	'
Change in the Carrying Amount of Goodwill by Reporting Segment	'
Goodwill, beginning balance	63,100,000
Acquisitions	0
Foreign currency translation	100,000
Goodwill, ending balance	$63,200,000

EMPLOYEE_BENEFIT_PLANS_Details

EMPLOYEE BENEFIT PLANS (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Net Periodic Benefit Cost	'	'	'	'
Company contributions	'	'	$4.30	'
Pension Benefits	'	'	'	'
Net Periodic Benefit Cost	'	'	'	'
Service cost	0.4	0.6	0.7	1
Interest cost	2.1	1.9	4.1	3.8
Expected return on assets	-2.6	-2.5	-5.2	-5
Amortization of prior service cost	0	0	0	0
Amortization of loss	0.6	0.8	1.2	1.7
Net periodic benefit cost	0.5	0.8	0.8	1.5
Settlement cost	0.2	0	0.4	0
Total net periodic benefit cost	0.7	0.8	1.2	1.5
Domestic Pension Plans	'	'	'	'
Net Periodic Benefit Cost and Other Benefit Cost	'	'	'	'
Number of pension plans (in ones)	2	'	2	'
German Pension Plans	'	'	'	'
Net Periodic Benefit Cost and Other Benefit Cost	'	'	'	'
Number of pension plans (in ones)	3	'	3	'
Other Benefits	'	'	'	'
Net Periodic Benefit Cost	'	'	'	'
Service cost	0.1	0.1	0.1	0.1
Interest cost	0.1	0.1	0.2	0.2
Expected return on assets	0	0	0	0
Amortization of prior service cost	0.1	0.1	0.2	0.2
Amortization of loss	0	0	0	0.1
Net periodic benefit cost	0.3	0.3	0.5	0.6
Settlement cost	0	0	0	0
Total net periodic benefit cost	$0.30	$0.30	$0.50	$0.60

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Jun. 28, 2014
Income Tax Disclosure [Abstract]	'
Effective tax rate	35.00%
Increase in unrecognized tax benefits	$4.10

DEBT_Details

DEBT (Details)	Jun. 28, 2014	Dec. 28, 2013	Jun. 28, 2014	Jun. 06, 2014	Jun. 06, 2014	Jun. 06, 2014	Jun. 06, 2014
	USD ($)	USD ($)	B-1 and B-2 Notes	Minimum	Maximum	Bombas Leao S.A.	Bombas Leao S.A.
				Bombas Leao S.A.	Bombas Leao S.A.	USD ($)	BRL
Debt Instrument	'	'	'	'	'	'	'
Prudential Agreement - 5.79 percent	$150,000,000	$150,000,000	'	'	'	'	'
Tax increment financing debt	24,100,000	24,600,000	'	'	'	'	'
Revolver	48,200,000	0	'	'	'	'	'
Capital leases	1,000,000	800,000	'	'	'	'	'
Foreign subsidiary debt	21,900,000	14,200,000	'	'	'	'	'
Debt and capital lease obligations	245,200,000	189,600,000	'	'	'	'	'
Less current maturities	-69,766,000	-15,363,000	'	'	'	'	'
Long-term debt	175,405,000	174,166,000	'	'	'	'	'
Estimated fair value of long-term debt	259,900,000	203,700,000	'	'	'	'	'
Debt instrument interest rate (as a percentage)	'	'	5.79%	2.50%	19.42%	'	'
Debt assumed in acquisition	'	'	'	'	'	$5,500,000	12,400,000

DEBT_Debt_Payments_Expected_to

DEBT (Debt Payments Expected to be Paid) (Details) (USD $)	Jun. 28, 2014	Dec. 28, 2013
In Millions, unless otherwise specified
Long-term Debt, by Maturity	'	'
Debt and capital lease obligations	$245.20	$189.60
2014	69.8	'
2015	31.4	'
2016	32.4	'
2017	31.2	'
2018	31.1	'
More than 5 years	49.3	'
Debt	'	'
Long-term Debt, by Maturity	'	'
Long-term debt	244.2	'
2014	69.4	'
2015	31.2	'
2016	32.2	'
2017	31.1	'
2018	31	'
More than 5 years	49.3	'
Capital leases	'	'
Long-term Debt, by Maturity	'	'
Long-term debt	1	'
2014	0.4	'
2015	0.2	'
2016	0.2	'
2017	0.1	'
2018	0.1	'
More than 5 years	$0	'

EARNINGS_PER_SHARE_Details

EARNINGS PER SHARE (Details) (USD $)	3 Months Ended		6 Months Ended
Share data in Millions, except Per Share data, unless otherwise specified	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Numerator:	'	'	'	'
Net income attributable to Franklin Electric Co., Inc. (in dollars)	$27,074,000	$28,135,000	$44,031,000	$43,591,000
Less: Undistributed earnings allocable to participating securities (in dollars)	300,000	300,000	500,000	500,000
Net income attributable to Franklin Electric Co., Inc. excluding undistributed earnings (in dollars)	26,600,000	27,800,000	43,300,000	43,100,000
Basic	'	'	'	'
Weighted average common shares (in shares)	47.6	47.5	47.7	47.4
Effect of dilutive securities:	'	'	'	'
Non-participating employee and director incentive stock options and performance awards (in shares)	0.6	0.6	0.6	0.6
Adjusted weighted average common shares (in shares)	48.2	48.1	48.3	48
Basic earnings per share (in dollars per share)	$0.56	$0.59	$0.91	$0.91
Diluted earnings per share (in dollars per share)	$0.55	$0.58	$0.90	$0.90
Stock Options	'	'	'	'
Effect of dilutive securities:	'	'	'	'
Anti-dilutive stock options (in shares)	0.1	0.1	0.1	0.1
Impo Motor Pompa Sanayi ve Ticaret A.S. [Member]	'	'	'	'
Numerator:	'	'	'	'
Less: Undistributed earnings allocated to redeemable non-controlling interest (in dollars)	$200,000	$0	$200,000	$0

EQUITY_ROLL_FORWARD_Details

EQUITY ROLL FORWARD (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Increase (Decrease) in Stockholders' Equity	'	'	'	'
Equity, beginning balance	'	'	$598,216	'
Net income	27,458	28,439	44,879	44,054
Equity, ending balance	640,461	'	640,461	'
Common Stock	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'
Equity, beginning balance	'	'	4,771	'
Common stock issued	'	'	6	'
Common stock repurchased or received for stock options exercised	'	'	-16	'
Share-based compensation	'	'	-1	'
Equity, ending balance	4,760	'	4,760	'
Additional Paid in Capital	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'
Equity, beginning balance	'	'	194,810	'
Common stock issued	'	'	1,178	'
Share-based compensation	'	'	5,077	'
Tax benefit of stock options exercised	'	'	1,469	'
Equity, ending balance	202,534	'	202,534	'
Retained Earnings	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'
Equity, beginning balance	'	'	450,855	'
Net income	'	'	44,031	'
Adjustment to Impo redemption value	'	'	-235	'
Dividends on common stock	'	'	-8,017	'
Common stock repurchased or received for stock options exercised	'	'	-6,459	'
Equity, ending balance	480,175	'	480,175	'
Minimum Pension Liability	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'
Equity, beginning balance	'	'	-38,707	'
Pension liability, net of tax	'	'	976	'
Equity, ending balance	-37,731	'	-37,731	'
Cumulative Translation Adjustment	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'
Equity, beginning balance	'	'	-16,022	'
Currency translation adjustment	'	'	4,681	'
Equity, ending balance	-11,341	'	-11,341	'
Noncontrolling Interest	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'
Equity, beginning balance	'	'	2,509	'
Net income	'	'	382	'
Noncontrolling dividend	'	'	-800	'
Currency translation adjustment	'	'	-27	'
Equity, ending balance	2,064	'	2,064	'
Total Equity	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'
Equity, beginning balance	'	'	598,216	'
Net income	'	'	44,413	'
Adjustment to Impo redemption value	'	'	-235	'
Dividends on common stock	'	'	-8,017	'
Common stock issued	'	'	1,184	'
Common stock repurchased or received for stock options exercised	'	'	-6,475	'
Share-based compensation	'	'	5,076	'
Tax benefit of stock options exercised	'	'	1,469	'
Noncontrolling dividend	'	'	-800	'
Currency translation adjustment	'	'	4,654	'
Pension liability, net of tax	'	'	976	'
Equity, ending balance	640,461	'	640,461	'
Redeemable Noncontrolling Interest	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'
Equity, beginning balance	'	'	5,171	'
Net income	'	'	466	'
Adjustment to Impo redemption value	'	'	235	'
Impo acquisition	'	'	-2,875	'
Currency translation adjustment	'	'	25	'
Equity, ending balance	$3,022	'	$3,022	'

ACCUMULATED_OTHER_COMPREHENSIV2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014		Jun. 29, 2013
Accumulated Other Comprehensive Income (Loss)	'	'	'		'
Beginning balance	'	'	($54,729,000)		($57,100,000)
Pre-tax income/(loss)	'	'	4,700,000		-15,600,000
Income tax expense	'	'	0		0
Other comprehensive income/(loss) before reclassifications, net of income taxes	'	'	4,700,000		-15,600,000
Pre-tax income	'	'	1,500,000		2,100,000
Income tax expense	'	'	-500,000		-800,000
Amounts reclassified from accumulated other comprehensive income/(loss), net of income taxes	'	'	1,000,000		1,300,000
Net current period other comprehensive income/(loss), net of income taxes	2,989,000	-9,138,000	5,655,000		-14,337,000
Other comprehensive (income)/loss attributable to noncontrolling interest	'	'	-100,000		-100,000
Ending balance	-49,072,000	-71,500,000	-49,072,000		-71,500,000
Foreign Currency Translation Adjustments	'	'	'		'
Accumulated Other Comprehensive Income (Loss)	'	'	'		'
Beginning balance	'	'	-16,000,000		-300,000
Pre-tax income/(loss)	'	'	4,700,000		-15,600,000
Income tax expense	'	'	0		0
Other comprehensive income/(loss) before reclassifications, net of income taxes	'	'	4,700,000		-15,600,000
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	'	'	4,700,000		-15,600,000
Other comprehensive (income)/loss attributable to noncontrolling interest	'	'	-100,000		-100,000
Ending balance	-11,400,000	-16,000,000	-11,400,000		-16,000,000
Pension and Postretirement Plan Benefit Adjustments	'	'	'		'
Accumulated Other Comprehensive Income (Loss)	'	'	'		'
Beginning balance	'	'	-38,700,000		-56,800,000
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	'	'	1,500,000	[1]	2,100,000	[1]
Income tax expense	'	'	-500,000		-800,000
Amounts reclassified from accumulated other comprehensive income/(loss), net of income taxes	'	'	1,000,000		1,300,000
Net current period other comprehensive income/(loss), net of income taxes	'	'	1,000,000		1,300,000
Other comprehensive (income)/loss attributable to noncontrolling interest	'	'	0		0
Ending balance	($37,700,000)	($55,500,000)	($37,700,000)		($55,500,000)
[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 condensed consolidated statements of income.

SEGMENT_INFORMATION_Details

SEGMENT INFORMATION (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013	Dec. 28, 2013
Segment Reporting Information	'	'	'	'	'
Net sales to external customers	$284,466	$263,443	$515,887	$485,967	'
Operating income (loss)	39,128	40,706	65,088	63,872	'
Total assets	1,166,377	'	1,166,377	'	1,051,873
Water Systems	'	'	'	'	'
Segment Reporting Information	'	'	'	'	'
Net sales to external customers	226,700	213,700	411,300	390,200	'
Operating income (loss)	41,700	42,700	71,000	71,400	'
Total assets	849,000	'	849,000	'	714,700
Fueling Systems	'	'	'	'	'
Segment Reporting Information	'	'	'	'	'
Net sales to external customers	57,800	49,700	104,600	95,800	'
Operating income (loss)	13,500	10,800	22,500	17,100	'
Total assets	260,100	'	260,100	'	247,900
Other	'	'	'	'	'
Segment Reporting Information	'	'	'	'	'
Net sales to external customers	0	0	0	0	'
Operating income (loss)	-16,100	-12,800	-28,400	-24,600	'
Total assets	$57,300	'	$57,300	'	$89,300

CONTINGENCIES_AND_COMMITMENTS_1

CONTINGENCIES AND COMMITMENTS (Details) (USD $)	6 Months Ended	0 Months Ended
In Millions, unless otherwise specified	Jun. 28, 2014	Jan. 22, 2014
		California Air Resources Board
Loss Contingencies	'	'
Amended judgment, amount paid to the Company	'	$0.10
Commitments	'	'
Purchase obligations	12.3	'
Product Warranties Disclosures	'	'
Standard warranty obligation term (in years)	'2 years	'
Standard installation warranty obligation term (in years)	'1 year	'
Extended warranty obligation term (in years)	'5 years	'
Changes in the Carrying Amount of the Warranty Accrual	'	'
Beginning balance	9.5	'
Accruals related to product warranties	3.4	'
Reductions for payments made	-4.4	'
Ending balance	$8.50	'

SHAREBASED_COMPENSATION_Detail

SHARE-BASED COMPENSATION (Details) (USD $)

3 Months Ended

6 Months Ended

Jun. 28, 2014

Jun. 29, 2013

Jun. 28, 2014

Jun. 29, 2013

Jun. 28, 2014

Jun. 28, 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

22,050

0

115,000

176,000

'

'

'

'

'

'

'

'

Granted, weighted-average exercise price (in dollars per share)

'

'

$42.24

$32.53

'

'

'

'

'

'

'

'

Exercised, shares

'

'

-63,000

-632,000

'

'

'

'

'

'

'

'

Exercised, weighted-average exercise price (in dollars per share)

'

'

$18.89

$15.06

'

'

'

'

'

'

'

'

Forfeited, shares

'

'

-3,000

-3,000

'

'

'

'

'

'

'

'

Forfeited, weighted-average exercise price (in dollars per share)

'

'

$26.95

$10.60

'

'

'

'

'

'

'

'

Expired, shares

'

'

-16,000

0

'

'

'

'

'

'

'

'

Expired, weighted-average exercise price (in dollars per share)

'

'

$16.34

$0

'

'

'

'

'

'

'

'

Outstanding end of period, shares

1,509,000

1,725,000

1,509,000

1,725,000

'

'

'

'

'

'

'

'

Outstanding end of period, weighted-average exercise price (in dollars per share)

$20.80

$18.91

$20.80

$18.91

'

'

'

'

'

'

'

'

Expected to vest after applying forfeiture rate, shares

1,491,000

1,698,000

1,491,000

1,698,000

'

'

'

'

'

'

'

'

Expected to vest after applying forfeiture rate, weighted-average exercise price (in dollars per share)

$20.63

$18.77

$20.63

$18.77

'

'

'

'

'

'

'

'

Vested and exercisable end of period, shares

1,194,000

1,191,000

1,194,000

1,191,000

'

'

'

'

'

'

'

'

Vested and exercisable end of period, weighted-average exercise price (in dollars per share)

$17.62

$16.05

$17.62

$16.05

'

'

'

'

'

'

'

'

Summary of Weighted Average Remaining Contractual Term and Aggregate Intrinsic Value

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding end of period, weighted-average remaining contractual term (in years)

'

'

'5 years 8 months 12 days

'

'

'

'

'

'

'

'

'

Outstanding end of period, aggregate intrinsic value (in dollars)

$29,880,000

'

$29,880,000

'

'

'

'

'

'

'

'

'

Expected to vest after applying forfeiture rate, weighted-average remaining contractual term (in years)

'

'

'5 years 7 months 27 days

'

'

'

'

'

'

'

'

'

Expected to vest after applying forfeiture rate, aggregate intrinsic value (in dollars)

29,767,000

'

29,767,000

'

'

'

'

'

'

'

'

'

Vested and exercisable end of period, weighted-average remaining contractual term (in years)

'

'

'4 years 11 months 4 days

'

'

'

'

'

'

'

'

'

Vested and exercisable end of period, aggregate intrinsic value (in dollars)

27,225,000

'

27,225,000

'

'

'

'

'

'

'

'

'

Intrinsic value of options exercised (in dollars)

'

'

1,400,000

11,500,000

'

'

'

'

'

'

'

'

Total unrecognized compensation cost related to nonvested share-based compensation (in dollars)

'

'

'

'

$2,000,000

$10,200,000

'

'

'

'

'

'

Total unrecognized compensation cost, recognized over a weighted-average period (in years)

'

'

'

'

'2 years 7 months 13 days

'2 years 6 months 29 days

'

'

'

'

'

'

Stock/Stock Unit Award Activity and Related Information

'

'

'

'

'

'

'

'

'

'

'

'

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

'

'

193,000

153,000

'

'

'

'

'

'

'

'

Awarded, weighted-average grant date fair value (in dollars per share)

'

'

$42.81

$32.50

'

'

'

'

'

'

'

'

Vested, shares

'

'

-124,000

-60,000

'

'

'

'

'

'

'

'

Vested, weighted-average grant date fair value (in dollars per share)

'

'

$16.75

$18.90

'

'

'

'

'

'

'

'

Forfeited, shares

'

'

-59,000

-2,000

'

'

'

'

'

'

'

'

Forfeited, weighted-average grant date fair value (in dollars per share)

'

'

$28.04

$17.70

'

'

'

'

'

'

'

'

Non-vested at end of period, shares

561,000

549,000

561,000

549,000

'

'

'

'

'

'

'

'

Non-vested at the end of period, weighted-average grant date fair value (in dollars per share)

$32.38

$24.37

$32.38

$24.37

'

'

'

'

'

'

'

'

RESTRUCTURING_Details

RESTRUCTURING (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	$295,000	$697,000	$431,000	$1,407,000
Restructuring reserves	0	300,000	0	300,000
Employee severance	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	200,000	'	300,000	'
Asset write-off	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	100,000	'	100,000	'
Water Systems	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	300,000	'	400,000	'
Water Systems | Employee severance	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	200,000	'	300,000	'
Water Systems | Asset write-off	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	100,000	'	100,000	'
Fueling Systems	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	0	'	0	'
Fueling Systems | Employee severance	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	0	'	0	'
Fueling Systems | Asset write-off	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	0	'	0	'
Other	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	0	'	0	'
Other | Employee severance	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	0	'	0	'
Other | Asset write-off	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	$0	'	$0	'