| Condensed Consolidated Statements of Earnings (USD $) | ||||
| In Thousands, except Share data | 3 Months Ended
Sep. 30, 2009 | 3 Months Ended
Sep. 30, 2008 | 9 Months Ended
Sep. 30, 2009 | 9 Months Ended
Sep. 30, 2008 |
| Condensed Consolidated Statements of Earnings | ||||
| Net sales | $485,676 | $593,100 | $1,496,030 | $1,730,509 |
| Cost of sales | 240,156 | 284,340 | 744,304 | 840,029 |
| Gross profit | 245,520 | 308,760 | 751,726 | 890,480 |
| Selling, general and administrative expenses | 153,648 | 176,461 | 477,098 | 523,374 |
| Income from operations | 91,872 | 132,299 | 274,628 | 367,106 |
| Interest expense | 14,437 | 16,122 | 41,708 | 42,141 |
| Other income/(expense) | 105 | (2,836) | 2,917 | (1,695) |
| Earnings before income taxes | 77,540 | 113,341 | 235,837 | 323,270 |
| Income taxes | 21,130 | 39,312 | 68,280 | 112,267 |
| Net earnings | $56,410 | $74,029 | $167,557 | $211,003 |
| Net earnings per share: | ||||
| Basic | 0.62 | 0.83 | 1.85 | 2.36 |
| Diluted | 0.61 | 0.79 | 1.81 | 2.24 |
| Weighted average common shares outstanding: | ||||
| Basic | 90,877,000 | 89,629,000 | 90,526,000 | 89,381,000 |
| Diluted | 92,908,000 | 94,251,000 | 92,635,000 | 94,026,000 |
| Dividends declared per common share | 0.0825 | 0.0725 | 0.2475 | 0.2175 |
| Condensed Consolidated Balance Sheets (USD $) | ||
| In Thousands | Dec. 31, 2009
| Sep. 30, 2009
|
| ASSETS: | ||
| Cash and cash equivalents | $178,069 | $512,048 |
| Accounts receivable, net | 376,855 | 323,959 |
| Inventories, net | 185,919 | 174,055 |
| Deferred taxes | 29,390 | 27,540 |
| Unbilled receivables | 61,168 | 60,344 |
| Other current assets | 26,906 | 65,572 |
| Total current assets | 858,307 | 907,494 |
| Property, plant and equipment, net | 112,463 | 104,748 |
| Goodwill | 2,118,852 | 2,142,765 |
| Other intangible assets, net | 804,020 | 759,241 |
| Deferred taxes | 28,050 | 31,190 |
| Other noncurrent assets | 49,846 | 56,383 |
| Total assets | 3,971,538 | 4,001,821 |
| LIABILITIES AND STOCKHOLDERS' EQUITY: | ||
| Accounts payable | 121,807 | 100,561 |
| Accrued liabilities | 261,682 | 224,483 |
| Income taxes payable | 1,892 | 0 |
| Deferred taxes | 0 | 1,079 |
| Current portion of long-term debt | 233,526 | 119,852 |
| Total current liabilities | 618,907 | 445,975 |
| Long-term debt, net of current portion | 1,033,689 | 1,004,357 |
| Deferred taxes | 272,182 | 286,352 |
| Other liabilities | 42,826 | 42,662 |
| Total liabilities | 1,967,604 | 1,779,346 |
| Common stock | 919 | 931 |
| Additional paid-in capital | 815,736 | 846,966 |
| Retained earnings | 1,187,467 | 1,332,555 |
| Accumulated other comprehensive earnings | 21,513 | 63,425 |
| Treasury stock | 21,701 | 21,402 |
| Total stockholders' equity | 2,003,934 | 2,222,475 |
| Total liabilities and stockholders' equity | $3,971,538 | $4,001,821 |
| Condensed Consolidated Statements of Cash Flows (USD $) | ||
| In Thousands | 9 Months Ended
Sep. 30, 2009 | 9 Months Ended
Sep. 30, 2008 |
| Cash flows from operating activities: | ||
| Net earnings | $167,557 | $211,003 |
| Depreciation | 25,828 | 24,775 |
| Amortization | 51,280 | 50,588 |
| Stock-based compensation | 20,821 | 22,848 |
| Income taxes | (24,146) | 2,602 |
| Receivables | 54,127 | (5,517) |
| Inventory | 14,496 | (12,157) |
| Accounts payable | (22,354) | 5,358 |
| Accrued liabilities | (42,375) | 2,234 |
| Other, net | 2,615 | 3,805 |
| Cash provided by operating activities | 247,849 | 305,539 |
| Cash flows from investing activities: | ||
| Business acquisitions, net of cash acquired | (1,248) | (701,935) |
| Capital expenditures | (18,708) | (20,787) |
| Proceeds from sale of assets | 10,589 | 1,184 |
| Other, net | (3,606) | (5,268) |
| Cash used in investing activities | (12,973) | (726,806) |
| Cash flows from financing activities: | ||
| Proceeds from senior notes | 500,000 | 500,000 |
| Proceeds/(payments) of senior unsecured term loan | (350,000) | 350,000 |
| Principal payments on term note under prior credit facility | 0 | (49,125) |
| Convertible note principal payments | (116,186) | 0 |
| Borrowings/(payments) under revolving line of credit, net | (179,000) | 393,000 |
| Repayment of borrowings under prior credit facility | 0 | (908,620) |
| Debt issuance costs | 4,310 | 10,169 |
| Dividends paid | 22,343 | 19,393 |
| Excess tax benefits from share based payments | 1,055 | 4,688 |
| Proceeds from exercise of stock options | 4,845 | 10,050 |
| Other, net | (604) | 918 |
| Cash provided by /(used in) financing activities | (166,543) | 271,349 |
| Effect of foreign currency exchange rate changes on cash | 9,622 | (2,578) |
| Net increase/(decrease) in cash and cash equivalents | 77,955 | (152,496) |
| Cash and cash equivalents, beginning of period | 178,069 | 308,768 |
| Cash and cash equivalents, end of period | $512,048 | $156,272 |
| Condensed Consolidated Statements of Changes in Stockholders' Equity (USD $) | ||||||
| In Thousands | Common stock
| Additional paid-in capital
| Retained earnings
| Accumulated other comprehensive earnings
| Treasury stock
| Total
|
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Dec. 31, 2008 | $919 | $815,736 | $1,187,467 | $21,513 | ($21,701) | |
| Net earnings | 0 | 0 | 167,557 | 0 | 0 | 167,557 |
| Stock option exercises | 2 | 4,843 | 0 | 0 | 0 | |
| Treasury stock transactions | 0 | 997 | 0 | 0 | 299 | |
| Restricted stock grants | 0 | (3,219) | 0 | 0 | 0 | |
| Stock based compensation | 0 | 20,255 | 0 | 0 | 0 | |
| Stock option tax benefit (shortfall) | 0 | 240 | 0 | 0 | 0 | |
| Currency translation adjustments, net of tax | 0 | 0 | 0 | 41,912 | 0 | |
| Conversion of senior subordinated convertible notes | 10 | 8,114 | 0 | 0 | 0 | |
| Dividends declared | 0 | 0 | (22,469) | 0 | 0 | |
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Sep. 30, 2009 | $931 | $846,966 | $1,332,555 | $63,425 | ($21,402) | $2,222,475 |
| Parenthetical Data to the Condensed Consolidated Statements of Changes in Stockholders' Equity (USD $) | |
| In Thousands | 1/1/2009 - 9/30/2009
|
| Currency translation adjustments, tax | $1,890 |
| Basis of Presentation | |
| 9 Months Ended
Sep. 30, 2009 USD / shares | |
| Notes to Financial Statements [Abstract] | |
| Basis of Presentation | 1. Basis of Presentation The accompanying condensed consolidated financial statements for the three and nine month periods ended September 30, 2009 and 2008 are unaudited. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, which include only normal recurring adjustments, necessary to state fairly the financial position, results of operations and cash flows of Roper Industries, Inc. and its subsidiaries (Roper, we or us) for all periods presented. Our management has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP). Actual results could differ from those estimates. The results of operations for the three and nine month periods ended September 30, 2009 are not necessarily indicative of the results to be expected for the full year. You should read these unaudited condensed consolidated financial statements in conjunction with Ropers consolidated financial statements and the notes thereto included in its 2008 Annual Report on Form 10-K (Annual Report) filed on March 2, 2009 with the Securities and Exchange Commission (SEC), as supplemented by our Current Report on Form 8-K filed on May 15, 2009 to retrospectively adopt accounting guidance related to the treatment of certain convertible debt instruments see Note 2 below. In May 2009, the Financial Accounting Standards Board (FASB) issued a standard which established general accounting standards and disclosure for subsequent events.We adopted this standard during the second quarter of 2009 and have accordingly evaluated subsequent events through the date and time the financial statements were issued on November 2, 2009. |
| Recent Accounting Pronouncements | |
| 9 Months Ended
Sep. 30, 2009 USD / shares | |
| Notes to Financial Statements [Abstract] | |
| Recent Accounting Pronouncements | 2. Recent Accounting Pronouncements In May2008, the FASB issued guidance regarding convertible debt instruments that may be settled in cash upon eithermandatory or optional conversion (including partial cash settlement).Issuers of such instruments should separately account for the liability and equity components in a manner that will reflect the entitys nonconvertible debt borrowing rate when interest cost is recognized in subsequent periods. Retrospective application is required for all periods presented. The adoption of this guidance on January 1, 2009 impacted the historical accounting for our 3.75% senior subordinated convertible notes due 2034 as of December 6, 2004, the date that the notes were modified to allow holders to receive cash only for accreted principal upon settlement of the notes with any remainder of the conversion value payable in cash or common stock, thus qualifying the notes for treatment under the new guidance. The required retrospective adoption resulted in a decrease in long term debt (debt discount) of $26.5 million, an increase in deferred tax liabilities of $9.3 million, and an increase in additional paid in capital of $17.3 million at December 9, 2004. The debt discount was amortized using the effective interest rate method based on an annual effective rate of 7.0%, which represented a market interest rate for similar debt without a conversion option on the modification date. The debt discount was amortized through January 15, 2009, the first date that holders of the notes could exercise their put option and we could exercise our call option. For more information on our senior subordinated convertible notes, please see Note 9 of the notes to the Consolidated Financial Statements in our Annual Report. The following financial statement line items for the three and nine month periods ended September 30, 2008 and as of December 31, 2008 were affected by the change in accounting principle (amounts are in thousands, except per share data): Three months ended September 30, 2008 As reported Adjustment As adjusted Interest Expense $ 14,322 $ 1,800 $ 16,122 Earnings before income taxes 115,141 (1,800 ) 113,341 Income taxes 39,946 (630 ) 39,312 Net Earnings 75,199 (1,170 ) 74,029 Net earnings per share-Basic $ 0.84 $ (0.01 ) $ 0.83 Net earnings per share-Diluted 0.80 (0.01 ) 0.79 Nine months ended September 30, 2008 As reported Adjustment As adjusted Interest Expense $ 36,833 $ 5,308 $ 42,141 Earnings before income taxes 328,578 (5,308 ) 323,270 Income taxes 114,124 (1,857 ) 112,267 Net Earnings 214,454 (3,451 ) 211,003 Net earnings per share-Basic $ 2.40 $ (0.04 ) $ 2.36 Net earnings per share-Diluted 2.28 (0.04 ) 2.24 December 31, 2008 As reported Adjustment As adjusted Current portion of long-term debt $ 233,827 $ (301 ) $ 233,526 Total current liabilities 619, |
| Earnings Per Share | |
| 9 Months Ended
Sep. 30, 2009 USD / shares | |
| Notes to Financial Statements [Abstract] | |
| Earnings Per Share | 3. Earnings Per Share Basic earnings per share were calculated using net earnings and the weighted average number of shares of common stock outstanding during the respective period. Diluted earnings per share were calculated using net earnings and the weighted average number of shares of common stock and potential common stock outstanding during the respective period. Potentially dilutive common stock consisted of stock options and the premium over the conversion price on our senior subordinated convertible notes based upon the trading price of Ropers common stock. The effects of potential common stock were determined using the treasury stock method. For the three and nine month periods ended September 30, 2009 there were 2,128,000 and 2,234,000 outstanding stock options, respectively, that were not included in the determination of diluted earnings per share because doing so would have been antidilutive; this compares to 28,000 outstanding stock options that would have been antidilutive for both the three and nine month periods ended September 30, 2008. Three months endedSeptember 30, Nine months endedSeptember 30, (in thousands) 2009 2008 2009 2008 Basic shares outstanding 90,877 89,629 90,526 89,381 Effect of potential common stock: Common stock awards 867 1,216 831 1,262 Senior subordinated convertible notes 1,164 3,406 1,278 3,383 Diluted shares outstanding 92,908 94,251 92,635 94,026 |
| Stock Based Compensation | |
| 9 Months Ended
Sep. 30, 2009 USD / shares | |
| Notes to Financial Statements [Abstract] | |
| Stock Based Compensation | 4. Stock Based Compensation The Roper Industries, Inc. Amended and Restated 2006 Incentive Plan allows us to grant incentive stock options, nonqualified stock options, restricted stock, stock appreciation rights or equivalent instruments to our employees, officers, directors and consultants. Our stock purchase plan allows our employees in the U.S. and Canada to designate up to 10% of eligible earnings to purchase our common stock at a 5% discount to the average closing price of our common stock at the beginning and end of a quarterly offering period. The common stock sold to the employees may be either treasury stock, stock purchased on the open market, or newly issued shares. The following table provides information regarding our stock based compensation expense (in millions): Three months ended September 30, Nine months ended September 30, 2009 2008 2009 2008 Stock based compensation $ 6.7 $ 8.1 $ 20.8 $ 22.8 Tax effect recognized in net income 2.4 2.8 7.3 8.0 Tax benefit, net 0.6 0.8 0.2 4.7 Stock Options - In the nine month period ended September 30, 2009, 505,100 options were granted with a weighted average fair value per share of $12.40. During the same period in 2008, 1,050,500 options were granted with a weighted average fair value per share of $12.83. All options were issued at grant date fair value. We record compensation expense for employee stock options based on the estimated fair value of the options on the date of grant using the Black-Scholes option-pricing model. We use historical data among other factors to estimate the expected price volatility, the expected dividend yield, the expected option life and the expected forfeiture rate. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant for the estimated life of the option. The following weighted average assumptions were used to estimate the fair value of options granted during current and prior year periods using the Black-Scholes option-pricing model: Nine months ended September 30, 2009 2008 Fair value per share ($) 12.40 12.83 Risk-free interest rate (%) 1.74 2.87 Expected option life (years) 5.37 5.02 Expected volatility (%) 32.10 21.10 Expected dividend yield (%) 0.79 0.53 Cash received from option exercises for the nine months ended September 30, 2009 and 2008 was approximately $4.8 million and $10.1 million, respectively. Restricted Stock Awards - During the nine months ended September 30, 2009, we granted 181,900 restricted stock awards with a weighted average fair value per share of $41.66. During the same period in 2008, 604,800 awards were granted with a weighted average fair value per share of $56.96. All grants were issued at grant date fair value. During the nine months ended September 30, 2009, 251,700 restricted awards vested with a weighted average grant date fair value per share of $51.42, at a weighted average vest date fair value per share of $40.83. Employee Stock Purchase |
| Comprehensive Earnings | |
| 9 Months Ended
Sep. 30, 2009 USD / shares | |
| Notes to Financial Statements [Abstract] | |
| Comprehensive Earnings | 5. Comprehensive Earnings Comprehensive earnings include net earnings and all other non-owner sources of changes in net assets and are as follows (in thousands): Three months ended September 30, Nine months ended September 30, 2009 2008* 2009 2008* Net income $ 56,410 $ 74,029 $ 167,557 $ 211,003 Currency translation adjustments 16,752 (27,143 ) 41,912 (7,761 ) Unrealized loss on interest rate swap - - - (540 ) Comprehensive earnings $ 73,162 $ 46,886 $ 209,469 $ 202,702 * as adjusted, see Note 2 |
| Inventories | |
| 9 Months Ended
Sep. 30, 2009 USD / shares | |
| Notes to Financial Statements [Abstract] | |
| Inventories | 6. Inventories September 30, 2009 December31, 2008 (in thousands) Raw materials and supplies $ 113,542 $ 120,604 Work in process 27,895 26,913 Finished products 61,810 68,510 Inventory reserves (29,192 ) (30,108 ) $ 174,055 $ 185,919 |
| Goodwill | |
| 9 Months Ended
Sep. 30, 2009 USD / shares | |
| Notes to Financial Statements [Abstract] | |
| Goodwill | 7. Goodwill Industrial Technology Energy Systems Controls Scientific Industrial Imaging RF Technology Total (in thousands) Balances at December 31, 2008 $ 423,661 $ 381,656 $ 400,478 $ 913,057 $ 2,118,852 Additions - - - - - Other - (80 ) - (1,914 ) (1,994 ) Currency translation adjustments 8,912 4,493 5,702 6,800 25,907 Balances at September 30, 2009 $ 432,573 $ 386,069 $ 406,180 $ 917,973 $ 2,142,765 Other includes a purchase price allocation adjustment related to a release of escrow funds for TransCore, purchased in December, 2004. |
| Other intangible assets, net | |
| 9 Months Ended
Sep. 30, 2009 USD / shares | |
| Notes to Financial Statements [Abstract] | |
| Other intangible assets, net | 8. Other intangible assets, net Cost Accumulated amortization Net book value (in thousands) Assets subject to amortization: Customer related intangibles $ 683,130 $ (137,794 ) $ 545,336 Unpatented technology 70,693 (22,232 ) 48,461 Software 58,053 (30,215 ) 27,838 Patents and other protective rights 38,195 (21,998 ) 16,197 Backlog 18,257 (17,024 ) 1,233 Trade secrets 5,116 (3,890 ) 1,226 Assets not subject to amortization: Trade names 163,729 - 163,729 Balances at December 31, 2008 $ 1,037,173 $ (233,153 ) $ 804,020 Assets subject to amortization: Customer related intangibles $ 686,628 $ (172,510 ) $ 514,118 Unpatented technology 71,082 (29,801 ) 41,281 Software 56,791 (32,902 ) 23,889 Patents and other protective rights 38,503 (25,162 ) 13,341 Backlog 18,408 (18,355 ) 53 Trade secrets 2,221 (1,124 ) 1,097 Assets not subject to amortization: Trade names 165,462 - 165,462 Balances at September 30, 2009 $ 1,039,095 $ (279,854 ) $ 759,241 Amortization expense of other intangible assets was $49,313 and $46,471 during the nine months ended September 30, 2009 and 2008, respectively. |
| Debt | |
| 9 Months Ended
Sep. 30, 2009 USD / shares | |
| Notes to Financial Statements [Abstract] | |
| Debt | 9. Debt In September 2009, we completed a public offering of $500 million aggregate principal amount of 6.25% senior unsecured notes due September 2019.The notes were issued at 99.978% of their principal amount.The net proceeds were used to pay off our $350 million term loan due July 2010 and the outstanding revolver balance under our $1.1 billion credit facility. We recorded a $0.4 million non-cash debt extinguishment charge related to the early repayment of the term loan portion of the facility. The notes bear interest at a fixed rate of 6.25% per year, payable semi-annually in arrears on March 1 and September 1 of each year, beginning March 1, 2010. We may redeem some of all of these notes at any time or from time to time, at 100% of their principal amount, plus a make-whole premium based on a spread to U.S. Treasury securities. The notes are unsecured senior obligations of the Company and rank equally in right of payment with all of our existing and future unsecured and unsubordinated indebtedness.The notes are effectively subordinated to any of our existing and future secured indebtedness to the extent of the value of the collateral securing such indebtedness.The notes are not guaranteed by any of our subsidiaries and are effectively subordinated to all existing and future indebtedness and other liabilities of our subsidiaries. Our 3.75% senior subordinated convertible notes due 2034 became convertible on January 15, 2009 at the option of the holders of the notes at a price of $395.02 per note.After this date, the note price increases as interest accrues at the stated rate of 3.75%.We may only pay cash up to the value of the accreted principal, and at our option, any combination of cash and common stock upon conversion.During the nine months ended September 30, 2009, approximately 50% of the notes were converted for $116.2 million in cash and 963,100 shares of common stock at a weighted average share price of $43.47.No gain or loss was recorded upon these conversions.In addition, a related $8.1 million deferred tax liability associated with excess deductions recorded for tax purposes was relieved to additional paid in capital upon the conversions. We are required to separately account for the liability and equity components of our 3.75% senior subordinated convertible notes in a manner that reflects our nonconvertible debt borrowing rate when interest cost is recognized. The debt discount became fully amortized on January 15, 2009, the first date that holders of the notes could exercise their put option and we could exercise our call option, and was $0.3 million at December 31, 2008.Interest expense related to the notes was as follows (in thousands): Three months ended September 30, Nine months ended September 30, 2009 2008 2009 2008 Contractual (stated) interest $ 1,114 $ 2,156 $ 3,800 $ 6,469 Amortization of debt discount - 1,800 301 5,308 Interest expense $ 1,114 $ 3,956 $ 4,101 $ 11,777 At September 30, 2009, the conversion price on the outstanding notes was $405.53.If converted at September 30, 2009, the value would |
| Contingencies | |
| 9 Months Ended
Sep. 30, 2009 USD / shares | |
| Notes to Financial Statements [Abstract] | |
| Contingencies | 10. Contingencies We, in the ordinary course of business, are the subject of, or a party to, various pending or threatened legal actions, including those pertaining to product liability and employment practices. We are vigorously contesting all lawsuits that, in general, are based upon claims of the kind that have been customary over the past several years. After analyzing our contingent liabilities on a gross basis and, based upon past experience with resolution of its product liability and employment practices claims and the limits of the primary, excess, and umbrella liability insurance coverages that are available with respect to pending claims, management believes that adequate provision has been made to cover any potential liability not covered by insurance, and that the ultimate liability, if any, arising from these actions should not have a material adverse effect on our consolidated financial position, results of operations or cash flows. Over recent years there has been a significant increase in certain U.S. states in asbestos-related litigation claims against numerous industrial companies. Roper or its subsidiaries have been named defendants in some such cases. No significant resources have been required by us to respond to these cases and we believe we have valid defenses to such claims and, if required, intend to defend them vigorously. Given the state of these claims it is not possible to determine the potential liability, if any. Our financial statements include accruals for potential product liability and warranty claims based on our claims experience. Such costs are accrued at the time revenue is recognized. A summary of the warranty accrual activity for the nine months ended September 30, 2009 is presented below (in thousands). Balance at December 31, 2008 $ 9,885 Additions charged to costs and expenses 2,984 Deductions (5,847 ) Other 285 Balance at September 30, 2009 $ 7,307 |
| Business Segments | |
| 9 Months Ended
Sep. 30, 2009 USD / shares | |
| Notes to Financial Statements [Abstract] | |
| Business Segments | 11. Business Segments Sales and operating profit by business segment are set forth in the following table (dollars in thousands): Three months ended September 30, Nine months ended September 30, 2009 2008 Change 2009 2008 Change Net sales: Industrial Technology $ 130,538 $ 169,065 (22.8 )% $ 397,730 $ 525,929 (24.4 )% Energy Systems Controls 102,988 137,535 (25.1 ) 314,997 410,638 (23.3 ) Scientific Industrial Imaging 78,934 94,610 (16.6 ) 238,914 282,206 (15.3 ) RF Technology 173,216 191,890 (9.7 ) 544,389 511,736 6.4 Total $ 485,676 $ 593,100 (18.1 )% $ 1,496,030 $ 1,730,509 (13.5 )% Gross profit: Industrial Technology $ 62,060 $ 82,215 (24.5 )% $ 190,501 $ 253,719 (24.9 )% Energy Systems Controls 52,464 75,172 (30.2 ) 164,123 223,720 (26.6 ) Scientific Industrial Imaging 44,169 51,457 (14.2 ) 132,385 154,135 (14.1 ) RF Technology 86,827 99,916 (13.1 )% 264,717 258,906 2.2 Total $ 245,520 $ 308,760 (20.5 )% $ 751,726 $ 890,480 (15.6 )% Operating profit*: Industrial Technology $ 30,547 $ 43,767 (30.2 )% $ 91,614 $ 136,627 (32.9 )% Energy Systems Controls 19,214 32,541 (41.0 ) 59,926 96,359 (37.8 ) Scientific Industrial Imaging 14,818 18,746 (21.0 ) 43,300 54,091 (19.9 ) RF Technology 38,918 50,191 (22.5 ) 115,724 119,902 (3.5 ) Total $ 103,497 $ 145,245 (28.7 )% $ 310,564 $ 406,979 (23.7 )% Long-lived assets: Industrial Technology $ 44,522 $ 44,316 0.5 % Energy Systems Controls 23,191 27,351 (15.2 ) Scientific Industrial Imaging 25,805 26,557 (2.8 ) RF Technology 32,406 36,506 (11.2 ) Total $ 125,924 $ 134,730 (6.5 )% *Segment operating profit is calculated as operating profit before unallocated corporate general and administrative expenses. These expenses were $11,625 and $12,946 for the three months ended September 30, 2009 and 2008, respectively, and $35,936 and $39,873 for the nine months ended September 30, 2009 and 2008, respectively. |
| Document Information | |
| 9 Months Ended
Sep. 30, 2009 USD / shares | |
| Document Information [Line Items] | |
| Document Type | 10-Q |
| Document Period End Date | 2009-09-30 |
| Amendment Flag | false |
| Entity Information (USD $) | ||
| 9 Months Ended
Sep. 30, 2009 | Jun. 30, 2008
| |
| Entity Information [Line Items] | ||
| Entity Registrant Name | ROPER INDUSTRIES INC | |
| Entity Central Index Key | 0000882835 | |
| Current Fiscal Year End Date | --12-31 | |
| Entity Well-known Seasoned Issuer | Yes | |
| Entity Voluntary Filers | No | |
| Entity Current Reporting Status | No | |
| Entity Filer Category | Large Accelerated Filer | |
| Entity Public Float | $5,913,756,279 | |
| Entity Common Stock, Shares Outstanding | 90,800,000 |
