| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net sales | |||||||||||
1,314,600 | 1,298,100 | 1,124,900 | 949,900 | 924,923 | 1,047,777 | 965,462 | 891,345 | 821,077 | 713,792 | 625,991 | 745,627 |
Cost of sales | |||||||||||
886,475 | 865,763 | 747,927 | 618,450 | 627,315 | 703,367 | 633,948 | 589,681 | 548,772 | 483,595 | 442,436 | 518,702 |
Gross profit | |||||||||||
428,100 | 432,400 | 376,982 | 331,406 | 297,608 | 344,410 | 331,514 | 301,664 | 272,305 | 230,197 | 183,555 | 226,925 |
Selling, general, and administrative expenses | |||||||||||
298,451 | 298,706 | 265,447 | 219,934 | 204,250 | 227,711 | 204,014 | 188,486 | 177,320 | 160,864 | 133,629 | 147,987 |
Restructuring expense | |||||||||||
2,519 | 1,666 | 4,307 | -598 | 2,997 | 16,611 | 3,719 | 221 | 1,587 | 5,334 | 6,195 | 2,228 |
Operating income | |||||||||||
127,100 | 132,000 | 107,200 | 112,100 | 90,361 | 100,088 | 123,781 | 112,957 | 93,398 | 63,999 | 43,731 | 76,710 |
Interest (expense) | |||||||||||
8,245 | 9,839 | 10,322 | 8,732 | 10,039 | 10,735 | 10,597 | 10,208 | 10,502 | 9,692 | 9,548 | 10,968 |
Other income/(expense), net | |||||||||||
-412 | -1,042 | 6,656 | -282 | 6,863 | 1,349 | 1,696 | 14,901 | 5,661 | -299 | -26 | 1,840 |
Foreign exchange income | |||||||||||
-1,641 | -706 | 1,025 | 1,057 | -869 | -999 | -3,331 | -1,662 | -1,422 | 967 | 451 | 5 |
Income before income taxes | |||||||||||
116,835 | 120,407 | 104,587 | 104,113 | 86,316 | 89,703 | 111,549 | 115,988 | 87,135 | 54,975 | 34,608 | 67,587 |
Income tax expense | |||||||||||
20,800 | 14,900 | 26,000 | 24,800 | 12,625 | 18,851 | 28,851 | 32,250 | 23,412 | 15,057 | 10,625 | 22,925 |
Net income | |||||||||||
96,000 | 105,500 | 78,593 | 79,315 | 73,691 | 70,852 | 82,698 | 83,738 | 63,723 | 39,918 | 23,983 | 44,662 |
Less: Net (income) attributable to noncontrolling interests | |||||||||||
516 | -360 | 413 | 570 | 746 | 1,046 | 740 | 874 | 624 | 1,004 | 738 | 551 |
Net income attributable to Franklin Electric Co., Inc. | |||||||||||
95,500 | 105,900 | 78,200 | 78,700 | 72,945 | 69,806 | 82,000 | 82,864 | 63,099 | 38,914 | 23,245 | 44,111 |
Income per share: | |||||||||||
Basic earnings per share (in dollars per share) | |||||||||||
2.04 | 2.25 | 1.67 | 1.67 | 1.52 | 1.43 | 1.70 | 1.76 | 1.36 | 1.68 | 1.01 | 1.92 |
Diluted earnings per share (in dollars per share) | |||||||||||
2.03 | 2.23 | 1.65 | 1.65 | 1.50 | 1.41 | 1.68 | 1.73 | 1.33 | 1.65 | 1.00 | 1.90 |
Dividends per common share (in dollars per share) | |||||||||||
- | - | - | 0.39 | 0.38 | 0.34 | 0.30 | 0.28 | 0.26 | 0.52 | 0.50 | 0.50 |