Franklin Electric (FELE) 10-Q 6 Nov 14 2014 Q3 Quarterly report Financial data

DOCUMENT_AND_ENTITY_INFORMATIO

DOCUMENT AND ENTITY INFORMATION	9 Months Ended
	Sep. 27, 2014	Oct. 27, 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	27-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	47,539,717

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 27, 2014	Sep. 28, 2013	Sep. 27, 2014	Sep. 28, 2013
Income Statement	'	'	'	'
Net sales	$278,053	$249,844	$793,940	$735,811
Cost of sales	188,902	162,873	527,284	480,308
Gross profit	89,151	86,971	266,656	255,503
Selling, general, and administrative expenses	55,635	48,415	167,621	151,668
Restructuring expense	1,086	828	1,517	2,235
Operating income	32,430	37,728	97,518	101,600
Interest expense	-2,744	-2,665	-8,038	-7,811
Other income, net	355	296	1,551	1,107
Foreign exchange income/(expense)	-510	-466	-602	-1,178
Income before income taxes	29,531	34,893	90,429	93,718
Income taxes	6,726	9,596	22,745	24,367
Net income	22,805	25,297	67,684	69,351
Less: Net income attributable to noncontrolling interests	-132	-236	-980	-699
Net income attributable to Franklin Electric Co., Inc.	$22,673	$25,061	$66,704	$68,652
Income per share:	'	'	'	'
Basic (in dollars per share)	$0.46	$0.52	$1.37	$1.43
Diluted (in dollars per share)	$0.46	$0.51	$1.36	$1.41
Dividends per common share	$0.09	$0.08	$0.26	$0.23

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 27, 2014	Sep. 28, 2013	Sep. 27, 2014	Sep. 28, 2013
Net income	$22,805	$25,297	$67,684	$69,351
Other comprehensive income/(loss), before tax:	'	'	'	'
Foreign currency translation adjustments	-22,791	3,484	-18,112	-12,176
Employee benefit plan activity	740	1,043	2,230	3,126
Other comprehensive income/(loss)	-22,051	4,527	-15,882	-9,050
Income tax related to items of other comprehensive income	-256	-380	-770	-1,140
Other comprehensive income/(loss), net of tax	-22,307	4,147	-16,652	-10,190
Comprehensive income	498	29,444	51,032	59,161
Comprehensive loss/(income) attributable to noncontrolling interest	199	660	-647	158
Comprehensive income attributable to Franklin Electric Co., Inc.	$697	$30,104	$50,385	$59,319

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 27, 2014	Dec. 28, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$77,420	$134,553
Receivables, less allowances of $3,379 and $3,015, respectively	167,849	115,127
Inventories:	'	'
Raw material	89,455	71,909
Work-in-process	21,105	17,978
Finished goods	132,665	101,674
Total inventories	243,225	191,561
Deferred income taxes	8,061	10,072
Other current assets	30,155	21,041
Total current assets	526,710	472,354
Property, plant, and equipment, at cost:	'	'
Land and buildings	129,524	121,154
Machinery and equipment	237,965	227,521
Furniture and fixtures	38,179	32,104
Other	17,440	26,844
Property, plant, and equipment, gross	423,108	407,623
Less: Allowance for depreciation	-210,977	-199,027
Property, plant, and equipment, net	212,131	208,596
Asset held for sale	2,610	1,750
Deferred income tax	4,480	2,969
Intangible assets, net	166,561	148,663
Goodwill	211,228	207,220
Other assets	21,678	10,321
Total assets	1,145,398	1,051,873
Current liabilities:	'	'
Accounts payable	75,921	57,755
Deferred tax liability	1,260	1,227
Accrued expenses and other current liabilities	82,071	62,081
Income taxes	2,496	2,048
Current maturities of long-term debt and short-term borrowings	82,656	15,363
Total current liabilities	244,404	138,474
Long-term debt	144,666	174,166
Deferred income taxes	57,253	54,618
Employee benefit plans	34,164	41,685
Other long-term liabilities	22,795	39,543
Commitments and contingencies (see Note 16)	0	0
Redeemable noncontrolling interest	6,261	5,171
Shareowners' equity:	'	'
Common stock (65,000 shares authorized, $.10 par value) outstanding (47,562 and 47,715, respectively)	4,756	4,771
Additional capital	204,057	194,810
Retained earnings	496,000	450,855
Accumulated other comprehensive loss	-71,048	-54,729
Total shareowners' equity	633,765	595,707
Noncontrolling interest	2,090	2,509
Total equity	635,855	598,216
Total liabilities and equity	$1,145,398	$1,051,873

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 27, 2014	Dec. 28, 2013
In Thousands, except Per Share data, unless otherwise specified
Current assets:	'	'
Allowance for doubtful accounts (in dollars)	$3,379	$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	47,562	47,715

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 27, 2014	Sep. 28, 2013
Cash flows from operating activities:	'	'
Net income	$67,684	$69,351
Adjustments to reconcile net income to net cash flows from operating activities:	'	'
Depreciation and amortization	27,791	22,806
Share-based compensation	6,314	4,372
Deferred income taxes	1,165	1,949
(Gain)/loss on disposals of plant and equipment	959	238
Foreign exchange expense	602	1,178
Excess tax from share-based payment arrangements	-1,800	-4,466
Changes in assets and liabilities, net of acquisitions:	'	'
Receivables	-50,070	-30,723
Inventory	-49,888	-15,028
Accounts payable and accrued expenses	12,469	968
Income taxes	2,276	6,557
Employee benefit plans	-4,326	-4,608
Other, net	-9,695	2,417
Net cash flows from operating activities	3,481	55,011
Cash flows from investing activities:	'	'
Additions to property, plant, and equipment	-25,094	-50,783
Proceeds from sale of property, plant, and equipment	1,592	64
Cash paid for acquisitions, net of cash acquired	-35,903	-2,236
Cash paid for minority equity investments	-6,716	0
Other, net	-2,244	307
Net cash flows from investing activities	-68,365	-52,648
Cash flows from financing activities:	'	'
Proceeds from issuance of debt	97,047	66,424
Repayment of debt	-64,122	-40,413
Proceeds from issuance of common stock	1,351	12,955
Excess tax from share-based payment arrangements	1,800	4,466
Purchases of common stock	-8,642	-12,175
Dividends paid	-13,119	-11,590
Purchase of redeemable noncontrolling shares	-2,875	0
Payment of contingent consideration liability	0	-5,555
Net cash flows from financing activities	11,440	14,112
Effect of exchange rate changes on cash	-3,689	-1,748
Net change in cash and equivalents	-57,133	14,727
Cash and equivalents at beginning of period	134,553	103,338
Cash and equivalents at end of period	77,420	118,065
Cash paid for income taxes, net of refunds	22,680	11,837
Cash paid for interest, net of capitalized interest of $392 and $748, respectively	8,148	7,619
Additions to property, plant, and equipment, not yet paid	216	728
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 $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 27, 2014	Sep. 28, 2013
Capitalized interest	$392	$748

CONDENSED_CONSOLIDATED_FINANCI

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS	9 Months Ended
	Sep. 27, 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 September 27, 2014, and for the third quarters and nine months ended September 27, 2014 and September 28, 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 third quarter and nine months ended September 27, 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	9 Months Ended
	Sep. 27, 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 has adopted this standard with no impact on the Company's consolidated financial position, results of operations, or cash flows.

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Sep. 27, 2014
Business Combinations [Abstract]	'
ACQUISITIONS	'
	ACQUISITIONS
	During the third quarter ended September 27, 2014, the Company acquired controlling interests in two entities in India in separate transactions. Neither of the acquisitions was individually material, and the combined purchase price paid was approximately $6.6 million. The results of the two businesses from their respective dates of acquisition through September 27, 2014 were not material.
	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 $23.5 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. Preliminary intangible asset values decreased by $3.0 million during the third quarter ended September 27, 2014, primarily due to purchase accounting adjustments resulting from additional information provided for the provisional valuation and working capital adjustments.
	The preliminary goodwill of $3.0 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. Preliminary goodwill decreased by $2.2 million during the third quarter ended September 27, 2014, primarily due to purchase accounting adjustments to property, plant, and equipment and intangible assets resulting from additional information provided for the provisional valuation.
	The preliminary purchase price assigned to the major identifiable assets and liabilities for the acquisition is as follows:
	(In millions)
	Assets:
	Cash acquired	$	1.1
	Current assets	13.8
	Property, plant, and equipment	6.5
	Intangible assets	23.5
	Goodwill	3
	Other assets	3.1
	Total assets	51
	Liabilities	(20.3		)
	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 September 27, 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 acquisition date through the third quarter ended September 27, 2014. The difference between actual sales for the Company and proforma sales including Bombas Leao as if it was acquired at the beginning of each period was not material as a component of the Company's consolidated sales for the nine months ended September 27, 2014 and September 28, 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 or previous year.
	Transaction costs for all acquisition related activity 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 nine months ended September 27, 2014 and September 28, 2013 were $1.1 million and $0.3 million, respectively.

REDEEMABLE_NONCONTROLLING_INTE

REDEEMABLE NONCONTROLLING INTERESTS	9 Months Ended
	Sep. 27, 2014
Noncontrolling Interest [Abstract]	'
REDEEMABLE NONCONTROLLING INTERESTS	'
	REDEEMABLE NONCONTROLLING INTERESTS
	During the third quarter ended September 27, 2014, the Company completed two acquisitions that each contained a noncontrolling interest and a redemption feature. The combination of the noncontrolling interest and the redemption feature resulted in the classification as a redeemable noncontrolling interest. The total redeemable noncontrolling interest recorded for these acquisitions during the third quarter ended September 27, 2014 was $3.1 million, and represents the fair value estimates of the redeemable noncontrolling interests as of the respective acquisition dates. The noncontrolling interests become redeemable after the passage of time, and therefore the Company records the carrying amount of the noncontrolling interests 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 September 27, 2014, the redeemable noncontrolling interests related to these acquisitions were recorded at carrying value.
	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, 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. The remaining 10 percent noncontrolling interest will continue to be recorded as a redeemable noncontrolling interest on the 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 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 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 September 27, 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, if redeemable noncontrolling interests are 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, 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 Impo noncontrolling interests were $0.4 million and $0.6 million for the third quarter and nine months ended September 27, 2014, respectively. Adjustments of less than $0.1 million were necessary for the third quarter and nine months ended September 28, 2013.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 27, 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 September 27, 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.
		September 27, 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	$	5.2	$	5.2	$	—	$	—	$	—
		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 foreign bank guaranteed certificates of deposit.
	The Company has no assets or liabilities classified as Level 2 or Level 3.

FINANCIAL_INSTRUMENTS

FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 27, 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 based on 147,750 shares. For the third quarter and nine months ended September 27, 2014, the swap transaction resulted in losses of $0.8 million and $1.1 million, respectively, which were offset by gains on the fair value of the deferred compensation stock liability. All gains or losses and expenses related to the swap are recorded in the Company's condensed consolidated statements of income within the “Selling, general, and administrative expenses” line.

OTHER_ASSETS

OTHER ASSETS	9 Months Ended
	Sep. 27, 2014
Equity Method Investments and Joint Ventures [Abstract]	'
OTHER ASSETS	'
	OTHER ASSETS
	The Company has equity interests in various companies for 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 investments are 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, net" line of the Company's condensed consolidated statements of income, was immaterial for the third quarter and nine months ended September 27, 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, net" 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	9 Months Ended
	Sep. 27, 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)	September 27, 2014						December 28, 2013
		Gross Carrying Amount			Accumulated Amortization			Gross Carrying Amount			Accumulated Amortization
	Amortized intangibles:
	Patents	$	7.7		$	(6.1	)	$	7.8		$	(5.9	)
	Supply agreements	4.4			(4.4		)	4.4			(4.4		)
	Technology	7.5			(4.1		)	7.5			(3.8		)
	Customer relationships	142.8			(34.9		)	125.1			(29.7		)
	Software	2.7			(0.9		)	2.1			(0.4		)
	Other	1.2			(1.2		)	1.3			(1.2		)
	Total	$	166.3		$	(51.6	)	$	148.2		$	(45.4	)
	Unamortized intangibles:
	Trade names	51.9			—			45.9			—
	Total intangibles	$	218.2		$	(51.6	)	$	194.1		$	(45.4	)
	Amortization expense related to intangible assets for the third quarters ended September 27, 2014 and September 28, 2013 was $2.7 million and $1.9 million, respectively, and $6.8 million and $5.9 million for the nine months ended September 27, 2014 and September 28, 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		$	8.9		$	8.7
	The change in the carrying amount of goodwill by reporting segment for the nine months ended September 27, 2014, is as follows:
	(In millions)
		Water Systems			Fueling Systems			Consolidated
	Balance as of December 28, 2013	$	144.1		$	63.1		$	207.2
	Acquisitions	6.4			0.7			7.1
	Foreign currency translation	(3.0		)	(0.1		)	(3.1		)
	Balance as of September 27, 2014	$	147.5		$	63.7		$	211.2

EMPLOYEE_BENEFIT_PLANS

EMPLOYEE BENEFIT PLANS	9 Months Ended
	Sep. 27, 2014
Compensation and Retirement Disclosure [Abstract]	'
EMPLOYEE BENEFIT PLANS	'
	EMPLOYEE BENEFIT PLANS
	Defined Benefit Plans - As of September 27, 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 third quarters and nine months ended September 27, 2014 and September 28, 2013, respectively:
	(In millions)	Pension Benefits
		Third Quarter Ended						Nine Months Ended
		September 27, 2014			September 28, 2013			September 27, 2014			September 28, 2013
	Service cost	$	0.3		$	0.5		$	1		$	1.5
	Interest cost	2.1			2.2			6.2			6
	Expected return on assets	(2.7		)	(3.0		)	(7.9		)	(8.0		)
	Amortization of prior service cost	—			—			—			—
	Amortization of loss	0.7			1			1.9			2.7
	Net periodic benefit cost	$	0.4		$	0.7		$	1.2		$	2.2
	Settlement cost	0.3			—			0.7			—
	Total net periodic benefit cost	$	0.7		$	0.7		$	1.9		$	2.2
	In the nine months ended September 27, 2014, the Company made contributions of $5.4 million to the funded plans. The amount of contributions to be made to the plans during the calendar year 2014 was finalized 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 third quarters and nine months ended September 27, 2014 and September 28, 2013, respectively:
		Other Benefits
		Third Quarter Ended						Nine Months Ended
		September 27, 2014			September 28, 2013			September 27, 2014			September 28, 2013
	Service cost	$	—		$	—		$	0.1		$	0.1
	Interest cost	0.2			0.2			0.4			0.4
	Expected return on assets	—			—			—			—
	Amortization of prior service cost	0.1			0.1			0.3			0.3
	Amortization of loss	—			0.1			—			0.2
	Net periodic benefit cost	$	0.3		$	0.4		$	0.8		$	1
	Settlement cost	—			—			—			—
	Total net periodic benefit cost	$	0.3		$	0.4		$	0.8		$	1

INCOME_TAXES

INCOME TAXES	9 Months Ended
	Sep. 27, 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 operations as well as cash on hand and available credit.
	The Company's net unrecognized tax benefits decreased $2.2 million for federal and state income tax liabilities of prior years based on the expiration of the statute of limitations and foreign currency fluctuations during the third quarter ended September 27, 2014.
	If recognized, the effective tax rate would be affected by the net unrecognized tax benefits of $6.9 million as of September 27, 2014.
	It is reasonably possible that the amounts of unrecognized tax benefits could change in the next twelve months by an amount up to $1.7 million due to the expiration of various statutes of limitation.

DEBT

DEBT	9 Months Ended
	Sep. 27, 2014
Debt Disclosure [Abstract]	'
DEBT	'
	DEBT
	Debt consisted of the following:
	(In millions)	September 27, 2014			December 28, 2013
	Prudential Agreement - 5.79 percent	$	150		$	150
	Tax increment financing debt	23.7			24.6
	Revolver	45.7			—
	Capital leases	0.8			0.8
	Foreign subsidiary debt	7.2			14.2
		227.4			189.6
	Less current maturities	(82.7		)	(15.4		)
	Long-term debt	$	144.7		$	174.2
	Foreign subsidiary debt denoted in the table above is predominately comprised of debt at Impo and Bombas Leao.
	During the third quarter ended September 27, 2014, a portion of the Revolver borrowing was used to retire $16.5 million of third-party bank loans in Turkey and Brazil.
	On June 6, 2014, the Company assumed debt relating to the acquisition of Bombas Leao (see Note 3) of BRL 12.6 million, $5.6 million at the then current exchange rate. The debt instruments bear interest rates ranging from 2.5 percent to 19.4 percent, with due dates ranging from November 2014 to November 2017. There are no financial covenants associated with these debt instruments. The value of the debt assumed in the Bombas Leao acquisition increased by BRL 0.2 million ($0.1 million) during the third quarter ended September 27, 2014 resulting from additional information provided for the provisional valuation and working capital adjustments.
	The total estimated fair value of debt was $241.4 million and $203.7 million at September 27, 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			Year 1			Year 2		Year 3		Year 4		Year 5		More Than 5 Years
	Debt	$	226.6		$	82.4		$	31.6	$	31.3	$	31.4	$	31.1	$	18.8
	Capital leases	0.8			0.3			0.1		0.2		0.1		0.1		—
		$	227.4		$	82.7		$	31.7	$	31.5	$	31.5	$	31.2	$	18.8

EARNINGS_PER_SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 27, 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 allocated 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 allocated to common shares by the weighted-average number of common shares outstanding for the period, 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:
		Third Quarter Ended				Nine Months Ended
	(In millions, except per share amounts)	September 27, 2014		September 28, 2013		September 27, 2014		September 28, 2013
	Numerator:
	Net income attributable to Franklin Electric Co., Inc.	$	22.7	$	25.1	$	66.7	$	68.7
	Less: Undistributed earnings allocated to participating securities	0.2		0.3		0.7		0.9
	Less: Undistributed earnings allocated to redeemable noncontrolling interest	0.4		—		0.6		—
		$	22.1	$	24.8	$	65.4	$	67.8
	Denominator:
	Basic
	Weighted average common shares	47.6		47.6		47.7		47.4
	Diluted
	Effect of dilutive securities:
	Non-participating employee and director incentive stock options and performance awards	0.5		0.6		0.5		0.7
	Adjusted weighted average common shares	48.1		48.2		48.2		48.1
	Basic earnings per share	$	0.46	$	0.52	$	1.37	$	1.43
	Diluted earnings per share	$	0.46	$	0.51	$	1.36	$	1.41
	Anti-dilutive stock options	0.1		0.1		0.1		0.1

EQUITY_ROLL_FORWARD

EQUITY ROLL FORWARD	9 Months Ended
	Sep. 27, 2014
Equity [Abstract]	'
EQUITY ROLL FORWARD	'
	EQUITY ROLL FORWARD
	The schedule below sets forth equity changes in the nine months ended September 27, 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						66,704									525			67,229			455
	Adjustment to Impo redemption value						(621		)										(621		)	621
	Dividends on common stock						(12,319		)										(12,319		)
	Common stock issued	8			1,343														1,351
	Common stock repurchased or received for stock options exercised	(23		)			(8,619		)										(8,642		)
	Share-based compensation	—			6,314														6,314
	Tax benefit of stock options exercised				1,590														1,590
	Noncontrolling dividend															(800		)	(800		)
	Acquisitions																					3,078
	Purchase of redeemable non-controlling shares																					(2,875		)
	Currency translation adjustment												(17,779		)	(144		)	(17,923		)	(189		)
	Pension liability, net of tax									1,460									1,460
	Balance as of September 27, 2014	$	4,756		$	204,057	$	496,000		$	(37,247	)	$	(33,801	)	$	2,090		$	635,855		$	6,261

ACCUMULATED_OTHER_COMPREHENSIV

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	9 Months Ended
	Sep. 27, 2014
Equity [Abstract]	'
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	'
	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
	Changes in accumulated other comprehensive income (loss) by component for the nine months ended September 27, 2014 and September 28, 2013, are summarized below:
	(In millions)
	For the nine months ended September 27, 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)	(18.2		)	—				(18.2		)
	Income tax expense	—			—				—
	Other comprehensive income/(loss) before reclassifications, net of income taxes	(18.2		)	—				(18.2		)
	Amounts reclassified from accumulated other comprehensive income/(loss):
	Pre-tax income	—			2.2			-1	2.2
	Income tax expense	—			(0.7		)		(0.7		)
	Amounts reclassified from accumulated other comprehensive income/(loss), net of income taxes	—			1.5				1.5
	Net current period other comprehensive income/(loss), net of income taxes	(18.2		)	1.5				(16.7		)
	Other comprehensive (income)/loss attributable to noncontrolling interest	0.4			—				0.4
	Balance as of September 27, 2014	$	(33.8	)	$	(37.2	)		$	(71.0	)
	For the nine months ended September 28, 2013:
	Balance as of December 29, 2012	$	(0.3	)	$	(56.8	)		$	(57.1	)
	Other comprehensive income/(loss) before reclassifications:
	Pre-tax income/(loss)	(12.2		)	—				(12.2		)
	Income tax expense	—			—				—
	Other comprehensive income/(loss) before reclassifications, net of income taxes	(12.2		)	—				(12.2		)
	Amounts reclassified from accumulated other comprehensive income/(loss):
	Pre-tax income	—			3.1			-1	3.1
	Income tax expense	—			(1.1		)		(1.1		)
	Amounts reclassified from accumulated other comprehensive income/(loss), net of income taxes	—			2				2
	Net current period other comprehensive income/(loss), net of income taxes	(12.2		)	2				(10.2		)
	Other comprehensive (income)/loss attributable to noncontrolling interest	0.1			—				0.1
	Balance as of September 28, 2013	$	(12.4	)	$	(54.8	)		$	(67.2	)
	(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	9 Months Ended
	Sep. 27, 2014
Segment Reporting [Abstract]	'
SEGMENT INFORMATION	'
	SEGMENT INFORMATION
	Financial information by reportable business segment is included in the following summary:
		Third Quarter Ended						Nine Months Ended
	(In millions)	September 27, 2014			September 28, 2013			September 27, 2014			September 28, 2013
		Net sales to external customers
	Water Systems	$	216.6		$	197.9		$	627.8		$	588.1
	Fueling Systems	61.5			51.9			166.1			147.7
	Other	—			—			—			—
	Consolidated	$	278.1		$	249.8		$	793.9		$	735.8
		Third Quarter Ended						Nine Months Ended
		September 27, 2014			September 28, 2013			September 27, 2014			September 28, 2013
		Operating income (loss)
	Water Systems	$	28.3		$	36		$	99.3		$	107.3
	Fueling Systems	15.4			14			37.9			31.1
	Other	(11.3		)	(12.3		)	(39.7		)	(36.8		)
	Consolidated	$	32.4		$	37.7		$	97.5		$	101.6
		September 27, 2014			December 28, 2013
		Total assets
	Water Systems	$	811.9		$	714.7
	Fueling Systems	259.5			247.9
	Other	74			89.3
	Consolidated	$	1,145.40		$	1,051.90
	Property, plant, and equipment is the major asset group in "Other" of total assets at September 27, 2014. Cash is the major asset group in “Other” of total assets at December 28, 2013.

CONTINGENCIES_AND_COMMITMENTS

CONTINGENCIES AND COMMITMENTS	9 Months Ended
	Sep. 27, 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 December 12, 2014 to file its response brief.  If a hearing is held on the appeal it will likely occur sometime late in the second quarter of 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 September 27, 2014, the Company had $8.7 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 the "Accrued expenses and other current liabilities" line of the Company's condensed consolidated balance sheet for the nine months ended September 27, 2014, are as follows:
	(In millions)
	Balance as of December 28, 2013	$	9.5
	Accruals related to product warranties	6.3
	Reductions for payments made	(6.9		)
	Balance as of September 27, 2014	$	8.9

SHAREBASED_COMPENSATION

SHARE-BASED COMPENSATION	9 Months Ended
	Sep. 27, 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 nine months ended September 27, 2014 and September 28, 2013, are as follows:
			September 27, 2014			September 28, 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 no stock options granted during the third quarters ended September 27, 2014 and September 28, 2013.
	A summary of the Company’s outstanding stock option activity and related information for the nine months ended September 27, 2014 and September 28, 2013 is as follows:
	(Shares in thousands)		September 27, 2014					September 28, 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		(76	)		17.68		(807	)	16.06
	Forfeited		(4	)		27.12		(4	)	14.37
	Expired		(17	)		16.34		—		—
	Outstanding at end of period		1,494			$	20.88	1,549		$	18.83
	Expected to vest after applying forfeiture rate		1,479			$	20.73	1,527		$	18.68
	Vested and exercisable at end of period		1,180			$	17.69	1,017		$	15.43
	A summary of the weighted-average remaining contractual term and aggregate intrinsic value for the nine months ended September 27, 2014 is as follows:
			Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value (000's)
	Outstanding at end of period		5.40 years		$	22,234
	Expected to vest after applying forfeiture rate		5.36 years		$	22,184
	Vested and exercisable at end of period		4.60 years		$	20,689
	The total intrinsic value of options exercised during the third quarters ended September 27, 2014 and September 28, 2013, was $1.8 million and $14.6 million, respectively.
	As of September 27, 2014, there was $1.8 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 2.45 years.
	Stock/Stock Unit Awards:
	A summary of the Company’s restricted stock/stock unit award activity and related information for the nine months ended September 27, 2014 and September 28, 2013 is as follows:
	(Shares in thousands)		September 27, 2014					September 28, 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		208			42.39		165		32.9
	Vested		(124	)		16.76		(62	)	18.86
	Forfeited		(65	)		28.79		(6	)	20.05
	Non-vested at end of period		570			$	32.46	555		$	24.7
	As of September 27, 2014, there was $9.8 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 2.48 years.

RESTRUCTURING

RESTRUCTURING	9 Months Ended
	Sep. 27, 2014
Restructuring and Related Activities [Abstract]	'
RESTRUCTURING	'
	RESTRUCTURING
	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. The realignment began in the third quarter of 2014 and is estimated to conclude by the end of 2016. Charges for the realignment are expected to include severance expenses, professional service fees, asset write-offs, and temporarily leased facilities costs. The Company will provide actual costs incurred each reporting period and update the project estimates as information is available.
	Costs incurred in the third quarter and nine months ended September 27, 2014, included in the “Restructuring expense” line of the Company's condensed consolidated statements of income, are as follows:
		Third Quarter Ended
		September 27, 2014
	(In millions)	Water Systems		Fueling Systems		Other		Consolidated
	Employee severance	$	0.1	$	0.1	$	—	$	0.2
	Equipment relocation	0.4		—		—		0.4
	Asset write-off	0.1		—		—		0.1
	Other	0.4		—		—		0.4
	Total	$	1	$	0.1	$	—	$	1.1
		Nine Months Ended
		September 27, 2014
	(In millions)	Water Systems		Fueling Systems		Other		Consolidated
	Employee severance	$	0.4	$	0.1	$	—	$	0.5
	Equipment relocation	0.4		—		—		0.4
	Asset write-off	0.2		—		—		0.2
	Other	0.4		—		—		0.4
	Total	$	1.4	$	0.1	$	—	$	1.5
	Restructuring expenses for the third quarter ended September 28, 2013 were approximately $0.8 million, and primarily related to the relocation of the Company to the new Global Corporate Headquarters and Engineering Center of Excellence in Fort Wayne, Indiana. Restructuring expenses of $2.2 million were incurred in the nine months ended September 28, 2013, primarily relating to severance due to other miscellaneous manufacturing realignments, and expenses related to relocation to the new Global Corporate Headquarters and Engineering Center of Excellence in Fort Wayne, Indiana.
	As of September 27, 2014, there was $0.3 million in restructuring reserves primarily for severance. As of September 28, 2013, there were no restructuring reserves.

ACQUISITIONS_Tables

ACQUISITIONS (Tables)	9 Months Ended
	Sep. 27, 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	$	1.1
	Current assets	13.8
	Property, plant, and equipment	6.5
	Intangible assets	23.5
	Goodwill	3
	Other assets	3.1
	Total assets	51
	Liabilities	(20.3		)
	Total consideration paid	$	30.7

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 27, 2014
Fair Value Disclosures [Abstract]	'
Schedule of Fair Value, Assets Measured on Recurring Basis	'
	As of September 27, 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.
		September 27, 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	$	5.2	$	5.2	$	—	$	—	$	—
		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)	9 Months Ended
	Sep. 27, 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)	September 27, 2014						December 28, 2013
		Gross Carrying Amount			Accumulated Amortization			Gross Carrying Amount			Accumulated Amortization
	Amortized intangibles:
	Patents	$	7.7		$	(6.1	)	$	7.8		$	(5.9	)
	Supply agreements	4.4			(4.4		)	4.4			(4.4		)
	Technology	7.5			(4.1		)	7.5			(3.8		)
	Customer relationships	142.8			(34.9		)	125.1			(29.7		)
	Software	2.7			(0.9		)	2.1			(0.4		)
	Other	1.2			(1.2		)	1.3			(1.2		)
	Total	$	166.3		$	(51.6	)	$	148.2		$	(45.4	)
	Unamortized intangibles:
	Trade names	51.9			—			45.9			—
	Total intangibles	$	218.2		$	(51.6	)	$	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
		$	8.7		$	9.1		$	9.1		$	8.9		$	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 nine months ended September 27, 2014, is as follows:
	(In millions)
		Water Systems			Fueling Systems			Consolidated
	Balance as of December 28, 2013	$	144.1		$	63.1		$	207.2
	Acquisitions	6.4			0.7			7.1
	Foreign currency translation	(3.0		)	(0.1		)	(3.1		)
	Balance as of September 27, 2014	$	147.5		$	63.7		$	211.2

EMPLOYEE_BENEFIT_PLANS_Tables

EMPLOYEE BENEFIT PLANS (Tables)	9 Months Ended
	Sep. 27, 2014
Pension Benefits	'
Defined Benefit Plans and Other Postretirement Benefit Plans	'
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 third quarters and nine months ended September 27, 2014 and September 28, 2013, respectively:
	(In millions)	Pension Benefits
		Third Quarter Ended						Nine Months Ended
		September 27, 2014			September 28, 2013			September 27, 2014			September 28, 2013
	Service cost	$	0.3		$	0.5		$	1		$	1.5
	Interest cost	2.1			2.2			6.2			6
	Expected return on assets	(2.7		)	(3.0		)	(7.9		)	(8.0		)
	Amortization of prior service cost	—			—			—			—
	Amortization of loss	0.7			1			1.9			2.7
	Net periodic benefit cost	$	0.4		$	0.7		$	1.2		$	2.2
	Settlement cost	0.3			—			0.7			—
	Total net periodic benefit cost	$	0.7		$	0.7		$	1.9		$	2.2
Other Benefits	'
Defined Benefit Plans and Other Postretirement Benefit Plans	'
Schedule of Aggregated Net Periodic Benefit Cost and Other Benefit Cost	'
	The following table sets forth the aggregated net periodic benefit cost for the postretirement benefit plan for the third quarters and nine months ended September 27, 2014 and September 28, 2013, respectively:
		Other Benefits
		Third Quarter Ended						Nine Months Ended
		September 27, 2014			September 28, 2013			September 27, 2014			September 28, 2013
	Service cost	$	—		$	—		$	0.1		$	0.1
	Interest cost	0.2			0.2			0.4			0.4
	Expected return on assets	—			—			—			—
	Amortization of prior service cost	0.1			0.1			0.3			0.3
	Amortization of loss	—			0.1			—			0.2
	Net periodic benefit cost	$	0.3		$	0.4		$	0.8		$	1
	Settlement cost	—			—			—			—
	Total net periodic benefit cost	$	0.3		$	0.4		$	0.8		$	1

DEBT_Tables

DEBT (Tables)	9 Months Ended
	Sep. 27, 2014
Debt Disclosure [Abstract]	'
Schedule of Long-term Debt	'
	Debt consisted of the following:
	(In millions)	September 27, 2014			December 28, 2013
	Prudential Agreement - 5.79 percent	$	150		$	150
	Tax increment financing debt	23.7			24.6
	Revolver	45.7			—
	Capital leases	0.8			0.8
	Foreign subsidiary debt	7.2			14.2
		227.4			189.6
	Less current maturities	(82.7		)	(15.4		)
	Long-term debt	$	144.7		$	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			Year 1			Year 2		Year 3		Year 4		Year 5		More Than 5 Years
	Debt	$	226.6		$	82.4		$	31.6	$	31.3	$	31.4	$	31.1	$	18.8
	Capital leases	0.8			0.3			0.1		0.2		0.1		0.1		—
		$	227.4		$	82.7		$	31.7	$	31.5	$	31.5	$	31.2	$	18.8

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 27, 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:
		Third Quarter Ended				Nine Months Ended
	(In millions, except per share amounts)	September 27, 2014		September 28, 2013		September 27, 2014		September 28, 2013
	Numerator:
	Net income attributable to Franklin Electric Co., Inc.	$	22.7	$	25.1	$	66.7	$	68.7
	Less: Undistributed earnings allocated to participating securities	0.2		0.3		0.7		0.9
	Less: Undistributed earnings allocated to redeemable noncontrolling interest	0.4		—		0.6		—
		$	22.1	$	24.8	$	65.4	$	67.8
	Denominator:
	Basic
	Weighted average common shares	47.6		47.6		47.7		47.4
	Diluted
	Effect of dilutive securities:
	Non-participating employee and director incentive stock options and performance awards	0.5		0.6		0.5		0.7
	Adjusted weighted average common shares	48.1		48.2		48.2		48.1
	Basic earnings per share	$	0.46	$	0.52	$	1.37	$	1.43
	Diluted earnings per share	$	0.46	$	0.51	$	1.36	$	1.41
	Anti-dilutive stock options	0.1		0.1		0.1		0.1

EQUITY_ROLL_FORWARD_Tables

EQUITY ROLL FORWARD (Tables)	9 Months Ended
	Sep. 27, 2014
Equity [Abstract]	'
Schedule of Stockholders' Equity	'
	The schedule below sets forth equity changes in the nine months ended September 27, 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						66,704									525			67,229			455
	Adjustment to Impo redemption value						(621		)										(621		)	621
	Dividends on common stock						(12,319		)										(12,319		)
	Common stock issued	8			1,343														1,351
	Common stock repurchased or received for stock options exercised	(23		)			(8,619		)										(8,642		)
	Share-based compensation	—			6,314														6,314
	Tax benefit of stock options exercised				1,590														1,590
	Noncontrolling dividend															(800		)	(800		)
	Acquisitions																					3,078
	Purchase of redeemable non-controlling shares																					(2,875		)
	Currency translation adjustment												(17,779		)	(144		)	(17,923		)	(189		)
	Pension liability, net of tax									1,460									1,460
	Balance as of September 27, 2014	$	4,756		$	204,057	$	496,000		$	(37,247	)	$	(33,801	)	$	2,090		$	635,855		$	6,261

ACCUMULATED_OTHER_COMPREHENSIV1

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Sep. 27, 2014
Equity [Abstract]	'
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	'
	Changes in accumulated other comprehensive income (loss) by component for the nine months ended September 27, 2014 and September 28, 2013, are summarized below:
	(In millions)
	For the nine months ended September 27, 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)	(18.2		)	—				(18.2		)
	Income tax expense	—			—				—
	Other comprehensive income/(loss) before reclassifications, net of income taxes	(18.2		)	—				(18.2		)
	Amounts reclassified from accumulated other comprehensive income/(loss):
	Pre-tax income	—			2.2			-1	2.2
	Income tax expense	—			(0.7		)		(0.7		)
	Amounts reclassified from accumulated other comprehensive income/(loss), net of income taxes	—			1.5				1.5
	Net current period other comprehensive income/(loss), net of income taxes	(18.2		)	1.5				(16.7		)
	Other comprehensive (income)/loss attributable to noncontrolling interest	0.4			—				0.4
	Balance as of September 27, 2014	$	(33.8	)	$	(37.2	)		$	(71.0	)
	For the nine months ended September 28, 2013:
	Balance as of December 29, 2012	$	(0.3	)	$	(56.8	)		$	(57.1	)
	Other comprehensive income/(loss) before reclassifications:
	Pre-tax income/(loss)	(12.2		)	—				(12.2		)
	Income tax expense	—			—				—
	Other comprehensive income/(loss) before reclassifications, net of income taxes	(12.2		)	—				(12.2		)
	Amounts reclassified from accumulated other comprehensive income/(loss):
	Pre-tax income	—			3.1			-1	3.1
	Income tax expense	—			(1.1		)		(1.1		)
	Amounts reclassified from accumulated other comprehensive income/(loss), net of income taxes	—			2				2
	Net current period other comprehensive income/(loss), net of income taxes	(12.2		)	2				(10.2		)
	Other comprehensive (income)/loss attributable to noncontrolling interest	0.1			—				0.1
	Balance as of September 28, 2013	$	(12.4	)	$	(54.8	)		$	(67.2	)
	(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)	9 Months Ended
	Sep. 27, 2014
Segment Reporting [Abstract]	'
Schedule of Financial Information by Reportable Business Segment	'
	Financial information by reportable business segment is included in the following summary:
		Third Quarter Ended						Nine Months Ended
	(In millions)	September 27, 2014			September 28, 2013			September 27, 2014			September 28, 2013
		Net sales to external customers
	Water Systems	$	216.6		$	197.9		$	627.8		$	588.1
	Fueling Systems	61.5			51.9			166.1			147.7
	Other	—			—			—			—
	Consolidated	$	278.1		$	249.8		$	793.9		$	735.8
		Third Quarter Ended						Nine Months Ended
		September 27, 2014			September 28, 2013			September 27, 2014			September 28, 2013
		Operating income (loss)
	Water Systems	$	28.3		$	36		$	99.3		$	107.3
	Fueling Systems	15.4			14			37.9			31.1
	Other	(11.3		)	(12.3		)	(39.7		)	(36.8		)
	Consolidated	$	32.4		$	37.7		$	97.5		$	101.6
		September 27, 2014			December 28, 2013
		Total assets
	Water Systems	$	811.9		$	714.7
	Fueling Systems	259.5			247.9
	Other	74			89.3
	Consolidated	$	1,145.40		$	1,051.90

CONTINGENCIES_AND_COMMITMENTS_

CONTINGENCIES AND COMMITMENTS (Tables)	9 Months Ended
	Sep. 27, 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 the "Accrued expenses and other current liabilities" line of the Company's condensed consolidated balance sheet for the nine months ended September 27, 2014, are as follows:
	(In millions)
	Balance as of December 28, 2013	$	9.5
	Accruals related to product warranties	6.3
	Reductions for payments made	(6.9		)
	Balance as of September 27, 2014	$	8.9

SHAREBASED_COMPENSATION_Tables

SHARE-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 27, 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 nine months ended September 27, 2014 and September 28, 2013, are as follows:
			September 27, 2014			September 28, 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 nine months ended September 27, 2014 and September 28, 2013 is as follows:
	(Shares in thousands)		September 27, 2014					September 28, 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		(76	)		17.68		(807	)	16.06
	Forfeited		(4	)		27.12		(4	)	14.37
	Expired		(17	)		16.34		—		—
	Outstanding at end of period		1,494			$	20.88	1,549		$	18.83
	Expected to vest after applying forfeiture rate		1,479			$	20.73	1,527		$	18.68
	Vested and exercisable at end of period		1,180			$	17.69	1,017		$	15.43
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 nine months ended September 27, 2014 is as follows:
			Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value (000's)
	Outstanding at end of period		5.40 years		$	22,234
	Expected to vest after applying forfeiture rate		5.36 years		$	22,184
	Vested and exercisable at end of period		4.60 years		$	20,689
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 nine months ended September 27, 2014 and September 28, 2013 is as follows:
	(Shares in thousands)		September 27, 2014					September 28, 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		208			42.39		165		32.9
	Vested		(124	)		16.76		(62	)	18.86
	Forfeited		(65	)		28.79		(6	)	20.05
	Non-vested at end of period		570			$	32.46	555		$	24.7

RESTRUCTURING_Tables

RESTRUCTURING (Tables)	9 Months Ended
	Sep. 27, 2014
Restructuring and Related Activities [Abstract]	'
Schedule of Restructuring Cost Incurred, Included in Restructuring Expense	'
	Costs incurred in the third quarter and nine months ended September 27, 2014, included in the “Restructuring expense” line of the Company's condensed consolidated statements of income, are as follows:
		Third Quarter Ended
		September 27, 2014
	(In millions)	Water Systems		Fueling Systems		Other		Consolidated
	Employee severance	$	0.1	$	0.1	$	—	$	0.2
	Equipment relocation	0.4		—		—		0.4
	Asset write-off	0.1		—		—		0.1
	Other	0.4		—		—		0.4
	Total	$	1	$	0.1	$	—	$	1.1
		Nine Months Ended
		September 27, 2014
	(In millions)	Water Systems		Fueling Systems		Other		Consolidated
	Employee severance	$	0.4	$	0.1	$	—	$	0.5
	Equipment relocation	0.4		—		—		0.4
	Asset write-off	0.2		—		—		0.2
	Other	0.4		—		—		0.4
	Total	$	1.4	$	0.1	$	—	$	1.5

ACQUISITIONS_Purchase_Price_As

ACQUISITIONS (Purchase Price Assigned to Each Major Identifiable Asset and Liability) (Details) (USD $)	Sep. 27, 2014	Dec. 28, 2013	Jun. 06, 2014
			Bombas Leao S.A.
Business Acquisition	'	'	'
Cash acquired	'	'	$1,100,000
Current assets	'	'	13,800,000
Property, plant, and equipment	'	'	6,500,000
Intangible assets	'	'	23,500,000
Goodwill	211,228,000	207,220,000	3,000,000
Other assets	'	'	3,100,000
Total assets	'	'	51,000,000
Liabilities	'	'	20,300,000
Total consideration paid	'	'	$30,700,000

ACQUISITIONS_Details

ACQUISITIONS (Details)	9 Months Ended		3 Months Ended	0 Months Ended		3 Months Ended
In Millions, unless otherwise specified	Sep. 27, 2014	Sep. 28, 2013	Sep. 27, 2014	Jun. 06, 2014	Jun. 06, 2014	Sep. 27, 2014
	USD ($)	USD ($)	India Acquisitions	Bombas Leao S.A.	Bombas Leao S.A.	Bombas Leao S.A.
			USD ($)	USD ($)	BRL	USD ($)
Business Acquisition	'	'	'	'	'	'
Percentage of voting interests acquired	'	'	'	100.00%	100.00%	'
Cash payments to acquire business	'	'	$6.60	$30.70	69	'
Acquired finite-lived intangible assets, weighted average useful life (in years)	'	'	'	'20 years	'20 years	'
Goodwill, purchase accounting adjustments	'	'	'	'	'	2.2
Intangible assets, purchase accounting adjustments	'	'	'	'	'	3
Business combination, acquisition related costs	$1.10	$0.30	'	'	'	'

REDEEMABLE_NONCONTROLLING_INTE1

REDEEMABLE NONCONTROLLING INTERESTS (Details)

0 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

2-May-11

Sep. 27, 2014

Sep. 28, 2013

Sep. 27, 2014

Sep. 28, 2013

Sep. 27, 2014

Apr. 28, 2014

Apr. 28, 2014

Sep. 27, 2014

Sep. 28, 2013

Sep. 27, 2014

Sep. 28, 2013

Apr. 28, 2014

2-May-11

USD ($)

USD ($)

USD ($)

USD ($)

India Acquisitions

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.

Impo Motor Pompa Sanayi ve Ticaret A.S.

USD ($)

USD ($)

TRY

USD ($)

USD ($)

USD ($)

USD ($)

Redeemable Noncontrolling Interest

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Noncontrolling interest, description

'3 years

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of outstanding shares acquired

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

80.00%

Redeemable noncontrolling interest, increase from acquisitions

'

'

'

$3,078,000

'

$3,100,000

'

'

'

'

'

'

'

'

Total ownership percentage by parent

'

'

'

'

'

'

'

'

'

'

'

'

90.00%

'

Temporary equity, accretion to redemption value on redemption

'

'

'

621,000

'

'

100,000

200,000

'

'

'

'

'

'

Payment for noncontrolling interest purchase

'

'

'

'

'

'

2,900,000

6,200,000

'

'

'

'

'

'

Ownership percentage by noncontrolling owners

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

20.00%

Adjustment to carrying amount of redeemable noncontrolling interest (less than for 2013 balances)

'

($400,000)

$0

($600,000)

$0

'

'

'

$400,000

$100,000

$600,000

$100,000

'

'

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (Recurring Basis, USD $)	Sep. 27, 2014	Dec. 28, 2013
In Millions, unless otherwise specified
Estimated Fair Value	'	'
Fair Value, Assets Measured on Recurring and Nonrecurring Basis	'	'
Cash equivalents	$5.20	$6.60
Quoted Prices in Active Markets for Identical Assets (Level 1)	'	'
Fair Value, Assets Measured on Recurring and Nonrecurring Basis	'	'
Cash equivalents	5.2	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 $)	3 Months Ended	9 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 27, 2014	Sep. 27, 2014
Derivative	'	'
Derivative notional amount (in shares)	147,750	147,750
Derivative cancellable written notice term	'	'30 days
Selling, general, and administrative expenses	'	'
Derivative	'	'
Loss on derivative	$0.80	$1.10

GOODWILL_AND_OTHER_INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Intangible Assets) (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 27, 2014	Sep. 28, 2013	Sep. 27, 2014	Sep. 28, 2013	Dec. 28, 2013
Intangible Assets	'	'	'	'	'
Gross carrying amount, amortized intangibles	$166.30	'	$166.30	'	$148.20
Accumulated amortization	-51.6	'	-51.6	'	-45.4
Gross carrying amount, total intangibles	218.2	'	218.2	'	194.1
Amortization expense, intangible assets	2.7	1.9	6.8	5.9	'
Future Amortization Expense	'	'	'	'	'
2014	8.7	'	8.7	'	'
2015	9.1	'	9.1	'	'
2016	9.1	'	9.1	'	'
2017	8.9	'	8.9	'	'
2018	8.7	'	8.7	'	'
Patents	'	'	'	'	'
Intangible Assets	'	'	'	'	'
Gross carrying amount, amortized intangibles	7.7	'	7.7	'	7.8
Accumulated amortization	-6.1	'	-6.1	'	-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	-4.1	'	-4.1	'	-3.8
Customer Relationships	'	'	'	'	'
Intangible Assets	'	'	'	'	'
Gross carrying amount, amortized intangibles	142.8	'	142.8	'	125.1
Accumulated amortization	-34.9	'	-34.9	'	-29.7
Software	'	'	'	'	'
Intangible Assets	'	'	'	'	'
Gross carrying amount, amortized intangibles	2.7	'	2.7	'	2.1
Accumulated amortization	-0.9	'	-0.9	'	-0.4
Other	'	'	'	'	'
Intangible Assets	'	'	'	'	'
Gross carrying amount, amortized intangibles	1.2	'	1.2	'	1.3
Accumulated amortization	-1.2	'	-1.2	'	-1.2
Trade Names	'	'	'	'	'
Intangible Assets	'	'	'	'	'
Gross carrying amount, unamortized intangibles	$51.90	'	$51.90	'	$45.90

GOODWILL_AND_OTHER_INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS (Goodwill) (Details) (USD $)	9 Months Ended
	Sep. 27, 2014
Change in the Carrying Amount of Goodwill by Reporting Segment	'
Goodwill, beginning balance	$207,220,000
Acquisitions	7,100,000
Foreign currency translation	-3,100,000
Goodwill, ending balance	211,228,000
Water Systems	'
Change in the Carrying Amount of Goodwill by Reporting Segment	'
Goodwill, beginning balance	144,100,000
Acquisitions	6,400,000
Foreign currency translation	-3,000,000
Goodwill, ending balance	147,500,000
Fueling Systems	'
Change in the Carrying Amount of Goodwill by Reporting Segment	'
Goodwill, beginning balance	63,100,000
Acquisitions	700,000
Foreign currency translation	-100,000
Goodwill, ending balance	$63,700,000

EMPLOYEE_BENEFIT_PLANS_Details

EMPLOYEE BENEFIT PLANS (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 27, 2014	Sep. 28, 2013	Sep. 27, 2014	Sep. 28, 2013
Net Periodic Benefit Cost	'	'	'	'
Company contributions	'	'	$5.40	'
Pension Benefits	'	'	'	'
Net Periodic Benefit Cost	'	'	'	'
Service cost	0.3	0.5	1	1.5
Interest cost	2.1	2.2	6.2	6
Expected return on assets	-2.7	-3	-7.9	-8
Amortization of prior service cost	0	0	0	0
Amortization of loss	0.7	1	1.9	2.7
Net periodic benefit cost	0.4	0.7	1.2	2.2
Settlement cost	0.3	0	0.7	0
Total net periodic benefit cost	0.7	0.7	1.9	2.2
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	0	0.1	0.1
Interest cost	0.2	0.2	0.4	0.4
Expected return on assets	0	0	0	0
Amortization of prior service cost	0.1	0.1	0.3	0.3
Amortization of loss	0	0.1	0	0.2
Net periodic benefit cost	0.3	0.4	0.8	1
Settlement cost	0	0	0	0
Total net periodic benefit cost	$0.30	$0.40	$0.80	$1

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Sep. 27, 2014	Sep. 27, 2014
Income Tax Disclosure [Abstract]	'	'
Effective tax rate	'	35.00%
Period increase (decrease) in unrecognized tax benefits	($2.20)	'
Unrecognized tax benefits that would impact effective tax rate if recognized	6.9	6.9
Significant change in unrecognized tax benefits is reasonably possible, estimated range of change, upper bound	$1.70	$1.70

DEBT_Details

DEBT (Details)

Sep. 27, 2014

Dec. 28, 2013

Sep. 27, 2014

Sep. 27, 2014

Jun. 06, 2014

Jun. 06, 2014

Sep. 27, 2014

Sep. 27, 2014

Jun. 06, 2014

Jun. 06, 2014

Sep. 27, 2014

Dec. 28, 2013

USD ($)

USD ($)

Prudential Agreement

Turkey & Brazil

Minimum

Maximum

Bombas Leao S.A.

Bombas Leao S.A.

Bombas Leao S.A.

Bombas Leao S.A.

Significant Other Observable Inputs (Level 2)

Significant Other Observable Inputs (Level 2)

USD ($)

Bombas Leao S.A.

Bombas Leao S.A.

USD ($)

BRL

USD ($)

BRL

USD ($)

USD ($)

Debt Instrument

'

'

'

'

'

'

'

'

'

'

'

'

Prudential Agreement - 5.79 percent

$150,000,000

$150,000,000

'

'

'

'

'

'

'

'

'

'

Tax increment financing debt

23,700,000

24,600,000

'

'

'

'

'

'

'

'

'

'

Revolver

45,700,000

0

'

'

'

'

'

'

'

'

'

'

Capital leases

800,000

800,000

'

'

'

'

'

'

'

'

'

'

Foreign subsidiary debt

7,200,000

14,200,000

'

'

'

'

'

'

'

'

'

'

Debt and capital lease obligations

227,400,000

189,600,000

'

'

'

'

'

'

'

'

'

'

Less current maturities

-82,656,000

-15,363,000

'

'

'

'

'

'

'

'

'

'

Long-term debt

144,666,000

174,166,000

'

'

'

'

'

'

'

'

'

'

Estimated fair value of long-term debt

'

'

'

'

'

'

'

'

'

'

241,400,000

203,700,000

Debt instrument interest rate (as a percentage)

'

'

5.79%

'

2.50%

19.40%

'

'

'

'

'

'

Repayments of third-party bank debt

'

'

'

16,500,000

'

'

'

'

'

'

'

'

Debt assumed in acquisition

'

'

'

'

'

'

'

'

5,600,000

12,600,000

'

'

Debt, purchase accounting adjustments

'

'

'

'

'

'

$100,000

200,000

'

'

'

'

DEBT_Debt_Payments_Expected_to

DEBT (Debt Payments Expected to be Paid) (Details) (USD $)	Sep. 27, 2014	Dec. 28, 2013
In Millions, unless otherwise specified
Long-term Debt, by Maturity	'	'
Debt and capital lease obligations	$227.40	$189.60
Year 1	82.7	'
Year 2	31.7	'
Year 3	31.5	'
Year 4	31.5	'
Year 5	31.2	'
More than 5 years	18.8	'
Debt	'	'
Long-term Debt, by Maturity	'	'
Long-term debt	226.6	'
Year 1	82.4	'
Year 2	31.6	'
Year 3	31.3	'
Year 4	31.4	'
Year 5	31.1	'
More than 5 years	18.8	'
Capital leases	'	'
Long-term Debt, by Maturity	'	'
Long-term debt	0.8	'
Year 1	0.3	'
Year 2	0.1	'
Year 3	0.2	'
Year 4	0.1	'
Year 5	0.1	'
More than 5 years	$0	'

EARNINGS_PER_SHARE_Details

EARNINGS PER SHARE (Details) (USD $)	3 Months Ended		9 Months Ended
Share data in Millions, except Per Share data, unless otherwise specified	Sep. 27, 2014	Sep. 28, 2013	Sep. 27, 2014	Sep. 28, 2013
Numerator:	'	'	'	'
Net income attributable to Franklin Electric Co., Inc. (in dollars)	$22,673,000	$25,061,000	$66,704,000	$68,652,000
Less: Undistributed earnings allocable to participating securities	200,000	300,000	700,000	900,000
Less: Undistributed earnings allocated to redeemable noncontrolling interest (in dollars)	400,000	0	600,000	0
Net income attributable to Franklin Electric Co., Inc. excluding undistributed earnings (in dollars)	$22,100,000	$24,800,000	$65,400,000	$67,800,000
Basic	'	'	'	'
Weighted average common shares (in shares)	47.6	47.6	47.7	47.4
Effect of dilutive securities:	'	'	'	'
Non-participating employee and director incentive stock options and performance awards (in shares)	0.5	0.6	0.5	0.7
Adjusted weighted average common shares (in shares)	48.1	48.2	48.2	48.1
Basic earnings per share (in dollars per share)	$0.46	$0.52	$1.37	$1.43
Diluted earnings per share (in dollars per share)	$0.46	$0.51	$1.36	$1.41
Stock Options	'	'	'	'
Effect of dilutive securities:	'	'	'	'
Anti-dilutive stock options (in shares)	0.1	0.1	0.1	0.1

EQUITY_ROLL_FORWARD_Details

EQUITY ROLL FORWARD (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 27, 2014	Sep. 28, 2013	Sep. 27, 2014	Sep. 28, 2013
Increase (Decrease) in Stockholders' Equity	'	'	'	'
Equity, beginning balance	'	'	$598,216	'
Net income	22,805	25,297	67,684	69,351
Adjustment to Impo redemption value	-400	0	-600	0
Equity, ending balance	635,855	'	635,855	'
Increase (Decrease) in Temporary Equity	'	'	'	'
Temporary equity, beginning balance	'	'	5,171	'
Net income	'	'	455	'
Adjustment to Impo redemption value	'	'	621	'
Acquisitions	'	'	3,078	'
Purchase of redeemable noncontrolling shares	'	'	-2,875	'
Currency translation adjustment	'	'	-189	'
Temporary equity, ending balance	6,261	'	6,261	'
Common Stock	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'
Equity, beginning balance	'	'	4,771	'
Common stock issued	'	'	8	'
Common stock repurchased or received for stock options exercised	'	'	-23	'
Share-based compensation	'	'	0	'
Equity, ending balance	4,756	'	4,756	'
Additional Paid in Capital	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'
Equity, beginning balance	'	'	194,810	'
Common stock issued	'	'	1,343	'
Share-based compensation	'	'	6,314	'
Tax benefit of stock options exercised	'	'	1,590	'
Equity, ending balance	204,057	'	204,057	'
Retained Earnings	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'
Equity, beginning balance	'	'	450,855	'
Net income	'	'	66,704	'
Adjustment to Impo redemption value	'	'	-621	'
Dividends on common stock	'	'	-12,319	'
Common stock repurchased or received for stock options exercised	'	'	-8,619	'
Equity, ending balance	496,000	'	496,000	'
Minimum Pension Liability	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'
Equity, beginning balance	'	'	-38,707	'
Pension liability, net of tax	'	'	1,460	'
Equity, ending balance	-37,247	'	-37,247	'
Cumulative Translation Adjustment	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'
Equity, beginning balance	'	'	-16,022	'
Currency translation adjustment	'	'	-17,779	'
Equity, ending balance	-33,801	'	-33,801	'
Noncontrolling Interest	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'
Equity, beginning balance	'	'	2,509	'
Net income	'	'	525	'
Noncontrolling dividend	'	'	-800	'
Currency translation adjustment	'	'	-144	'
Equity, ending balance	2,090	'	2,090	'
Total Equity	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'
Equity, beginning balance	'	'	598,216	'
Net income	'	'	67,229	'
Adjustment to Impo redemption value	'	'	-621	'
Dividends on common stock	'	'	-12,319	'
Common stock issued	'	'	1,351	'
Common stock repurchased or received for stock options exercised	'	'	-8,642	'
Share-based compensation	'	'	6,314	'
Tax benefit of stock options exercised	'	'	1,590	'
Noncontrolling dividend	'	'	-800	'
Currency translation adjustment	'	'	-17,923	'
Pension liability, net of tax	'	'	1,460	'
Equity, ending balance	$635,855	'	$635,855	'

ACCUMULATED_OTHER_COMPREHENSIV2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 27, 2014	Sep. 28, 2013	Sep. 27, 2014		Sep. 28, 2013
Accumulated Other Comprehensive Income (Loss)	'	'	'		'
Beginning balance	'	'	($54,729,000)		($57,100,000)
Pre-tax income/(loss)	'	'	-18,200,000		-12,200,000
Income tax expense	'	'	0		0
Other comprehensive income/(loss) before reclassifications, net of income taxes	'	'	-18,200,000		-12,200,000
Pre-tax income	'	'	2,200,000		3,100,000
Income tax expense	'	'	-700,000		-1,100,000
Amounts reclassified from accumulated other comprehensive income/(loss), net of income taxes	'	'	1,500,000		2,000,000
Net current period other comprehensive income/(loss), net of income taxes	-22,307,000	4,147,000	-16,652,000		-10,190,000
Other comprehensive (income)/loss attributable to noncontrolling interest	'	'	400,000		100,000
Ending balance	-71,048,000	-67,200,000	-71,048,000		-67,200,000
Foreign Currency Translation Adjustments	'	'	'		'
Accumulated Other Comprehensive Income (Loss)	'	'	'		'
Beginning balance	'	'	-16,000,000		-300,000
Pre-tax income/(loss)	'	'	-18,200,000		-12,200,000
Income tax expense	'	'	0		0
Other comprehensive income/(loss) before reclassifications, net of income taxes	'	'	-18,200,000		-12,200,000
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	'	'	-18,200,000		-12,200,000
Other comprehensive (income)/loss attributable to noncontrolling interest	'	'	400,000		100,000
Ending balance	-33,800,000	-12,400,000	-33,800,000		-12,400,000
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	'	'	2,200,000	[1]	3,100,000	[1]
Income tax expense	'	'	-700,000		-1,100,000
Amounts reclassified from accumulated other comprehensive income/(loss), net of income taxes	'	'	1,500,000		2,000,000
Net current period other comprehensive income/(loss), net of income taxes	'	'	1,500,000		2,000,000
Other comprehensive (income)/loss attributable to noncontrolling interest	'	'	0		0
Ending balance	($37,200,000)	($54,800,000)	($37,200,000)		($54,800,000)
[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		9 Months Ended
In Thousands, unless otherwise specified	Sep. 27, 2014	Sep. 28, 2013	Sep. 27, 2014	Sep. 28, 2013	Dec. 28, 2013
Segment Reporting Information	'	'	'	'	'
Net sales to external customers	$278,053	$249,844	$793,940	$735,811	'
Operating income (loss)	32,430	37,728	97,518	101,600	'
Total assets	1,145,398	'	1,145,398	'	1,051,873
Water Systems	'	'	'	'	'
Segment Reporting Information	'	'	'	'	'
Net sales to external customers	216,600	197,900	627,800	588,100	'
Operating income (loss)	28,300	36,000	99,300	107,300	'
Total assets	811,900	'	811,900	'	714,700
Fueling Systems	'	'	'	'	'
Segment Reporting Information	'	'	'	'	'
Net sales to external customers	61,500	51,900	166,100	147,700	'
Operating income (loss)	15,400	14,000	37,900	31,100	'
Total assets	259,500	'	259,500	'	247,900
Other	'	'	'	'	'
Segment Reporting Information	'	'	'	'	'
Net sales to external customers	0	0	0	0	'
Operating income (loss)	-11,300	-12,300	-39,700	-36,800	'
Total assets	$74,000	'	$74,000	'	$89,300

CONTINGENCIES_AND_COMMITMENTS_1

CONTINGENCIES AND COMMITMENTS (Details) (USD $)	9 Months Ended	0 Months Ended
In Millions, unless otherwise specified	Sep. 27, 2014	Jan. 22, 2014
		California Air Resources Board
Loss Contingencies	'	'
Amended judgment, amount paid to the Company	'	$0.10
Commitments	'	'
Purchase obligations	8.7	'
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	6.3	'
Reductions for payments made	-6.9	'
Ending balance	$8.90	'

SHAREBASED_COMPENSATION_Detail

SHARE-BASED COMPENSATION (Details) (USD $)

3 Months Ended

9 Months Ended

Sep. 27, 2014

Sep. 28, 2013

Sep. 27, 2014

Sep. 28, 2013

Sep. 27, 2014

Sep. 27, 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

0

0

115,000

176,000

'

'

'

'

'

'

'

'

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

'

'

$42.24

$32.53

'

'

'

'

'

'

'

'

Exercised, shares

'

'

-76,000

-807,000

'

'

'

'

'

'

'

'

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

'

'

$17.68

$16.06

'

'

'

'

'

'

'

'

Forfeited, shares

'

'

-4,000

-4,000

'

'

'

'

'

'

'

'

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

'

'

$27.12

$14.37

'

'

'

'

'

'

'

'

Expired, shares

'

'

-17,000

0

'

'

'

'

'

'

'

'

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

'

'

$16.34

$0

'

'

'

'

'

'

'

'

Outstanding end of period, shares

1,494,000

1,549,000

1,494,000

1,549,000

'

'

'

'

'

'

'

'

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

$20.88

$18.83

$20.88

$18.83

'

'

'

'

'

'

'

'

Expected to vest after applying forfeiture rate, shares

1,479,000

1,527,000

1,479,000

1,527,000

'

'

'

'

'

'

'

'

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

$20.73

$18.68

$20.73

$18.68

'

'

'

'

'

'

'

'

Vested and exercisable end of period, shares

1,180,000

1,017,000

1,180,000

1,017,000

'

'

'

'

'

'

'

'

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

$17.69

$15.43

$17.69

$15.43

'

'

'

'

'

'

'

'

Summary of Weighted Average Remaining Contractual Term and Aggregate Intrinsic Value

'

'

'

'

'

'

'

'

'

'

'

'

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

'

'

'5 years 4 months 24 days

'

'

'

'

'

'

'

'

'

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

$22,234,000

'

$22,234,000

'

'

'

'

'

'

'

'

'

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

'

'

'5 years 4 months 9 days

'

'

'

'

'

'

'

'

'

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

22,184,000

'

22,184,000

'

'

'

'

'

'

'

'

'

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

'

'

'4 years 7 months 6 days

'

'

'

'

'

'

'

'

'

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

20,689,000

'

20,689,000

'

'

'

'

'

'

'

'

'

Intrinsic value of options exercised (in dollars)

'

'

1,800,000

14,600,000

'

'

'

'

'

'

'

'

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

'

'

'

'

$1,800,000

$9,800,000

'

'

'

'

'

'

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

'

'

'

'

'2 years 5 months 12 days

'2 years 5 months 23 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

'

'

208,000

165,000

'

'

'

'

'

'

'

'

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

'

'

$42.39

$32.90

'

'

'

'

'

'

'

'

Vested, shares

'

'

-124,000

-62,000

'

'

'

'

'

'

'

'

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

'

'

$16.76

$18.86

'

'

'

'

'

'

'

'

Forfeited, shares

'

'

-65,000

-6,000

'

'

'

'

'

'

'

'

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

'

'

$28.79

$20.05

'

'

'

'

'

'

'

'

Non-vested at end of period, shares

570,000

555,000

570,000

555,000

'

'

'

'

'

'

'

'

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

$32.46

$24.70

$32.46

$24.70

'

'

'

'

'

'

'

'

RESTRUCTURING_Details

RESTRUCTURING (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 27, 2014	Sep. 28, 2013	Sep. 27, 2014	Sep. 28, 2013
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	$1,086,000	$828,000	$1,517,000	$2,235,000
Restructuring reserves	300,000	0	300,000	0
Employee severance	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	200,000	'	500,000	'
Equipment relocation	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	400,000	'	400,000	'
Asset write-off	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	100,000	'	200,000	'
Other	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	400,000	'	400,000	'
Water Systems	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	1,000,000	'	1,400,000	'
Water Systems | Employee severance	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	100,000	'	400,000	'
Water Systems | Equipment relocation	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	400,000	'	400,000	'
Water Systems | Asset write-off	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	100,000	'	200,000	'
Water Systems | Other	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	400,000	'	400,000	'
Fueling Systems	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	100,000	'	100,000	'
Fueling Systems | Employee severance	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	100,000	'	100,000	'
Fueling Systems | Equipment relocation	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	0	'	0	'
Fueling Systems | Asset write-off	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	0	'	0	'
Fueling Systems | Other	'	'	'	'
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 | Equipment relocation	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	0	'	0	'
Other | Asset write-off	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	0	'	0	'
Other | Other	'	'	'	'
Restructuring Cost and Reserve	'	'	'	'
Restructuring expense	$0	'	$0	'