Roper (ROP) 10-Q 5 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	9 Months Ended
	Sep. 30, 2014	Oct. 24, 2014	Dec. 31, 2013
Document and Entity Information [Abstract]	'	'	'
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	'Yes	'	'
Entity Filer Category	'Large Accelerated Filer	'	'
Entity Public Float	'	'	$12,365,836,908
Entity Common Stock, Shares Outstanding	'	102,105,552	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'Q3	'	'
Document Type	'10-Q	'	'
Amendment Flag	'false	'	'
Document Period End Date	30-Sep-14	'	'

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Earnings (unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Condensed Consolidated Statements of Earnings (unaudited) [Abstract]	'	'	'	'
Net sales	$884,122	$827,810	$2,603,349	$2,348,955
Cost of sales	360,082	345,185	1,067,191	999,247
Gross profit	524,040	482,625	1,536,158	1,349,708
Selling, general and administrative expenses	278,382	263,276	820,434	765,436
Income from operations	245,658	219,349	715,724	584,272
Interest expense, net	20,013	24,705	59,352	67,924
Other income/(expense), net	552	409	1,042	453
Earnings before income taxes	226,197	195,053	657,414	516,801
Income taxes	70,687	58,730	197,317	144,211
Net earnings	$155,510	$136,323	$460,097	$372,590
Earnings per share:	'	'	'	'
Basic (in dollars per share)	$1.55	$1.37	$4.61	$3.76
Diluted (in dollars per share)	$1.54	$1.36	$4.56	$3.72
Weighted average common shares outstanding:	'	'	'	'
Basic (in shares)	100,068	99,207	99,837	99,058
Diluted (in shares)	101,006	100,302	100,803	100,152
Dividends declared per common share (in dollars per share)	$0.20	$0.17	$0.60	$0.50

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Condensed Consolidated Statements of Comprehensive Income (unaudited) [Abstract]	'	'	'	'
Net earnings	$155,510	$136,323	$460,097	$372,590
Other comprehensive income/(loss), net of tax:	'	'	'	'
Foreign currency translation adjustments	-60,755	31,902	-53,763	-10,219
Total other comprehensive income/(loss), net of tax	-60,755	31,902	-53,763	-10,219
Comprehensive income	$94,755	$168,225	$406,334	$362,371

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (unaudited) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Assets	'	'
Cash and cash equivalents	$564,112	$459,720
Accounts receivable, net	528,734	519,075
Inventories, net	213,440	204,923
Deferred taxes	65,230	64,464
Unbilled receivables	103,124	86,945
Other current assets	58,051	38,210
Total current assets	1,532,691	1,373,337
Property, plant and equipment, net	115,243	117,310
Goodwill	4,731,394	4,549,998
Other intangible assets, net	2,020,798	2,039,136
Deferred taxes	29,051	28,773
Other assets	81,089	76,427
Total assets	8,510,266	8,184,981
Liabilities and Stockholders' Equity	'	'
Accounts payable	145,660	150,313
Accrued compensation	115,167	107,953
Deferred revenue	221,552	209,332
Other accrued liabilities	161,057	153,712
Income taxes payable	0	4,275
Deferred taxes	7,495	6,490
Current portion of long-term debt, net	11,074	11,016
Total current liabilities	662,005	643,091
Long-term debt, net of current portion	2,358,474	2,453,836
Deferred taxes	753,798	783,805
Other liabilities	87,765	91,199
Total liabilities	3,862,042	3,971,931
Commitments and contingencies (Note 9)	'	'
Common stock	1,021	1,013
Additional paid-in capital	1,317,906	1,229,233
Retained earnings	3,359,297	2,959,196
Accumulated other comprehensive earnings	-10,680	43,083
Treasury stock	-19,320	-19,475
Total stockholders' equity	4,648,224	4,213,050
Total liabilities and stockholders' equity	$8,510,266	$8,184,981

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (unaudited) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:	'	'
Net earnings	$460,097	$372,590
Adjustments to reconcile net earnings to cash flows from operating activities:	'	'
Depreciation and amortization of property, plant and equipment	30,442	28,269
Amortization of intangible assets	117,179	111,210
Amortization of deferred financing costs	3,003	2,916
Non-cash stock compensation	47,011	40,040
Changes in operating assets and liabilities, net of acquired businesses:	'	'
Accounts receivable	-5,225	43,101
Unbilled receivables	-16,615	-13,257
Inventories	-8,833	-15,202
Accounts payable and accrued liabilities	10,342	13,055
Income taxes payable	-54,178	-12,643
Other, net	-3,991	-3,306
Cash provided by operating activities	579,232	566,773
Cash flows from investing activities:	'	'
Acquisitions of businesses, net of cash acquired	-305,254	-1,014,952
Capital expenditures	-29,835	-33,349
Proceeds from sale of assets	1,262	1,740
Other, net	-6,566	-144
Cash used in investing activities	-340,393	-1,046,705
Cash flows from financing activities:	'	'
Payments under revolving line of credit	-95,000	290,000
Proceeds from senior notes	0	800,000
Principal payments on senior notes	0	-500,000
Principal payments on convertible notes	-561	-2,115
Cash premiums paid on convertible note conversions	-1,518	-5,100
Debt issuance costs	0	-7,717
Cash dividends to stockholders	-59,827	-32,706
Proceeds from stock based compensation, net	26,424	16,839
Stock award tax excess windfall benefit	14,892	7,763
Treasury stock sales	2,080	1,833
Other	38	723
Cash used in financing activities	-113,472	569,520
Effect of foreign currency exchange rate changes on cash	-20,975	-198
Net increase in cash and cash equivalents	104,392	89,390
Cash and cash equivalents, beginning of period	459,720	370,590
Cash and cash equivalents, end of period	$564,112	$459,980

Condensed_Consolidated_Stateme3

Condensed Consolidated Statement of Changes in Stockholders' Equity (unaudited) (USD $)	Common stock [Member]	Additional paid-in capital [Member]	Retained earnings [Member]	Accumulated other comprehensive earnings [Member]	Treasury stock [Member]	Total
In Thousands
Beginning Balance at Dec. 31, 2013	$1,013	$1,229,233	$2,959,196	$43,083	($19,475)	$4,213,050
Net earnings	0	0	460,097	0	0	460,097
Stock option exercises	6	29,488	0	0	0	29,494
Treasury stock sold	0	1,924	0	0	155	2,079
Currency translation adjustments, net of tax	0	0	0	-53,763	0	-53,763
Stock based compensation	0	47,009	0	0	0	47,009
Restricted stock activity	2	-3,072	0	0	0	-3,070
Stock option tax benefit, net of shortfalls	0	14,727	0	0	0	14,727
Conversion of senior subordinated convertible notes, net of tax	0	-1,403	0	0	0	-1,403
Dividends declared	0	0	-59,996	0	0	-59,996
Ending Balance at Sep. 30, 2014	$1,021	$1,317,906	$3,359,297	($10,680)	($19,320)	$4,648,224

Condensed_Consolidated_Stateme4

Condensed Consolidated Statement of Changes in Stockholders' Equity (unaudited) (Parenthetical) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014
Condensed Consolidated Statement of Changes in Stockholders' Equity (unaudited) [Abstract]	'
Currency translation adjustments, tax	$1,652
Conversion of senior subordinated convertible notes, tax	$115

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2014
Basis of Presentation [Abstract]	'
Basis of Presentation	'
	1	Basis of Presentation
	The accompanying condensed consolidated financial statements for the three and nine month periods ended September 30, 2014 and 2013 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, comprehensive income and cash flows of Roper Industries, Inc. and its subsidiaries ("Roper" or the "Company") for all periods presented. The December 31, 2013 financial position data included herein was derived from the audited consolidated financial statements included in the 2013 Annual Report on Form 10-K ("Annual Report") filed on February 21, 2014 with the Security and Exchange Commission ("SEC") but does not include all disclosures required by U.S. generally accepted accounting principles ("GAAP").
	Roper's management has made 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 GAAP. Actual results could differ from those estimates.
	The results of operations for the three and nine month periods ended September 30, 2014 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 Roper's consolidated financial statements and the notes thereto included in its Annual Report.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2014
Recent Accounting Pronouncements [Abstract]	'
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	'
	2	Recent Accounting Pronouncements
	The Financial Accounting Standards Board ("FASB") establishes changes to accounting principles under GAAP in the form of accounting standards updates ("ASUs") to the FASB's Accounting Standards Codification.  The Company considers the applicability and impact of all ASUs.
	In June 2014, the FASB issued updates to the accounting for stock compensation. These updates, effective for fiscal years beginning after December 15, 2015, modify the accounting for share-based payments when the terms of an award provide that a performance target could be achieved after the requisite service period. The Company does not expect these updates to have an impact on its results of operations, financial condition or cash flows.
	In May 2014, the FASB issued updates on accounting and disclosures for revenue from contracts with customers. These updates, effective for annual reporting periods after December 15, 2016, create a single, comprehensive revenue recognition model for all contracts with customers. The model is based on changes in contract assets (rights to receive consideration) and liabilities (obligations to provide a good or service). Revenue will be recognized based on the satisfaction of performance obligations, which occurs when control of a good or service transfers to a customer. The Company is evaluating the impact of these updates on its results of operations, financial condition and cash flows.

Business_Acquisitions

Business Acquisitions	9 Months Ended
	Sep. 30, 2014
Business Acquisitions [Abstract]	'
Business Acquisitions [Text Block]	'
	4.    Business Acquisitions
	During the quarter ended September 30, 2014, Roper acquired 100% of the shares of  for  million of cash, in order .  Foodlink is reported in the RF Technology segment, and SHP and IPA are both reported in the Medical & Scientific Imaging segment.  The Company recorded  million in goodwill and  million of other identifiable intangibles in connection with the acquisitions; however, purchase price allocations are preliminary pending final intangibles valuations and tax-related adjustments.  Supplemental pro forma information has not been provided as the acquisitions were immaterial both individually and in aggregate.
	During the nine month period ended September 30, 2014, the Company expensed transaction costs of  million related to the acquisitions as corporate general and administrative expenses, as incurred.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [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 Roper's senior subordinated convertible notes based upon the trading price of Roper's common stock. The effects of potential common stock were determined using the treasury stock method.  Weighted average shares outstanding are shown below (in thousands):
			Three months ended September 30,				Nine months ended September 30,
			2014		2013		2014		2013
	Basic shares outstanding			100,068		99,207		99,837	$	99,058
	Effect of potential common stock:
	Common stock awards			788		905		815		894
	Senior subordinated convertible notes			150		190		151		200
	Diluted shares outstanding			101,006		100,302		100,803		100,152
	For the three and nine month periods ended September 30, 2014 there were 670,000 and 781,000 outstanding stock options, respectively, that were not included in the determination of diluted earnings per share because doing so would have been antidilutive, as compared to 551,850 and 601,350 outstanding stock options, respectively, that would have been antidilutive for the three and nine month periods ended September 30, 2013.

Stock_Based_Compensation

Stock Based Compensation	9 Months Ended
	Sep. 30, 2014
Stock Based Compensation [Abstract]	'
Stock-Based Compensation	'
	5	Stock Based Compensation
	The Roper Industries, Inc. Amended and Restated 2006 Incentive Plan is a stock-based compensation plan used to grant incentive stock options, nonqualified stock options, restricted stock, stock appreciation rights or equivalent instruments to Roper's employees, officers and directors.
	Roper's stock purchase plan allows employees in the U.S. and Canada to designate up to 10% of eligible earnings to purchase Roper's common stock at a 5% discount to the average closing price of the stock at the beginning and end of a quarterly offering period. Common stock sold to employees may be either treasury stock, stock purchased on the open market, or newly issued shares.
	The following table provides information regarding the Company's stock-based compensation expense (in thousands):
		Three months ended September 30,							Nine months ended September 30,
		2014				2013			2014			2013
	Stock based compensation		$	16,998			$	13,756		$	47,011		$	40,040
	Tax effect recognized in net income			5,949				4,814			16,454			14,014
	Windfall tax benefit/(shortfall), net			3,126				2,075			14,727			7,632
	Stock Options - In the nine months ended September 30, 2014, 614,500 options were granted with a weighted average fair value of $35.02 per option. During the same period in 2013, 560,350 options were granted with a weighted average fair value of $36.87 per option. All options were issued at grant date fair value, which is defined by the Plan as the closing price of Roper's common stock on the date of grant.
	Roper records 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. Historical data is used 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 quarters using the Black-Scholes option-pricing model:
		Nine Months Ended September 30,
		2014			2013
	Risk-free interest rate (%)		1.63			0.8
	Expected option life (years)		5.23			5.19
	Expected volatility (%)		27.27			36.2
	Expected dividend yield (%)		0.59			0.57
	Cash received from option exercises for the nine months ended September 30, 2014 and 2013 was $29.5 million and $20.5 million, respectively.
	Restricted Stock Awards - During the nine months ended September 30, 2014, 341,810 restricted stock awards were granted with a weighted average fair value of $140.91 per restricted share. During the same period in 2013, 357,240 restricted stock awards were granted with a weighted average fair value of $116.76 per restricted share. All grants were issued at grant date fair value.
	During the nine months ended September 30, 2014, 94,645 restricted awards vested with a weighted average grant date fair value of $85.33 per restricted share, and a weighted average vest date fair value of $143.14 per restricted share.
	Employee Stock Purchase Plan - During the nine months ended September 30, 2014 and 2013, participants of the employee stock purchase plan purchased 15,695 and 15,458 shares, respectively, of Roper's common stock for total consideration of $2.10 million and $1.80 million, respectively. All shares were purchased from Roper's treasury shares.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2014
Inventories [Abstract]	'
Inventories	'
	6	Inventories
	The components of inventory were as follows (in thousands):
			September 30,			December 31,
			2014			2013
	Raw materials and supplies		$	133,473		$	127,525
	Work in process			33,915			30,498
	Finished products			91,054			90,352
	Inventory reserves			(45,002	)		(43,452	)
			$	213,440		$	204,923

Goodwill_and_Other_Intangible_

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2014
Goodwill and Other Intangible Assets [Abstract]	'
Goodwill and Other Intangible Assets	'
	7	Goodwill and Other Intangible Assets
	The carrying value of goodwill by segment was as follows (in thousands):
			Industrial			Energy Systems			Medical &			RF Technology			Total
			Technology			& Controls			Scientific Imaging
	Balances at December 31, 2013		$	425,501		$	434,697		$	2,435,506		$	1,254,294		$	4,549,998
	Goodwill Acquired			-			-			173,707			33,470			207,177
	Other			-			275			(2,549	)		-			(2,274	)
	Currency translation adjustments			(8,913	)		(3,550	)		(9,484	)		(1,560	)		(23,507	)
	Balances at September 30, 2014		$	416,588		$	431,422		$	2,597,180		$	1,286,204		$	4,731,394
	Other relates primarily to a tax purchase accounting adjustment for MHA, Inc., acquired in May 2013.
	Other intangible assets were comprised of (in thousands):
			Cost			Accumulated			Net book
						amortization			value
	Assets subject to amortization:
	Customer related intangibles		$	1,936,336		$	(464,018	)	$	1,472,318
	Unpatented technology			216,044			(120,091	)		95,953
	Software			160,618			(58,084	)		102,534
	Patents and other protective rights			31,394			(21,922	)		9,472
	Trade names			656			(16	)		640
	Assets not subject to amortization:
	Trade names			358,219			-			358,219
	Balances at December 31, 2013		$	2,703,267		$	(664,131	)	$	2,039,136
	Assets subject to amortization:
	Customer related intangibles		$	1,988,946		$	(522,581	)	$	1,466,365
	Unpatented technology			212,812			(129,498	)		83,314
	Software			156,740			(59,716	)		97,024
	Patents and other protective rights			26,771			(17,866	)		8,905
	Backlog			1,100			(168	)		932
	Trade names			653			(60	)		593
	Assets not subject to amortization:
	Trade names			363,665			-			363,665
	Balances at September 30, 2014		$	2,750,687		$	(729,889	)	$	2,020,798
	Amortization expense of other intangible assets was $114,317 and $108,223 during the nine months ended September 30, 2014 and 2013, respectively.
	An evaluation of the carrying value of goodwill and indefinite-lived intangibles is required to be performed on an annual basis and on an interim basis if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. There have been no events or changes in circumstances which indicate an interim impairment review is required in 2014. The Company expects to perform the annual analysis during the fourth quarter.

Debt

Debt	9 Months Ended
	Sep. 30, 2014
Debt [Abstract]	'
Debt	'
	8	Debt
	Roper's 3.75% senior subordinated convertible notes due 2034 became convertible on January 15, 2009.  During the nine months ended September 30, 2014, 1,178 notes were converted by note holders for $2.1 million in cash.  No gain or loss was recorded upon these conversions.  In addition, a related $0.12 million deferred tax liability associated with excess deductions recorded for tax purposes was relieved to additional paid-in capital upon the conversions.
	At September 30, 2014, the conversion price on the remaining outstanding notes was $488.37 per note.  If converted at September 30, 2014, the value would have exceeded the $8 million principal amount of the outstanding notes by $22 million and could have resulted in the issuance of 151,922 shares of Roper's common stock.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2014
Fair Value of Financial Instruments [Abstract]	'
Fair Value of Financial Instruments	'
	9	Fair Value of Financial Instruments
	Roper's debt at September 30, 2014 included $2.2 billion of fixed-rate senior notes with the following fair values (in millions):
	$400 million senior notes due 2017		$	403
	$800 million senior notes due 2018			797
	$500 million senior notes due 2019			582
	$500 million senior notes due 2022			487
	The fair values of the senior notes are based on the trading prices of the notes, which the Company has determined to be Level 2 in the FASB fair value hierarchy.  Short-term debt included $8 million of fixed-rate convertible notes which were at fair value due to the ability of note holders to exercise the conversion option of the notes.

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2014
Contingencies [Abstract]	'
Contingencies	'
	10	Contingencies
	Roper, in the ordinary course of business, is the subject of, or a party to, various pending or threatened legal actions, including product liability and employment practices. It is 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 the Company's 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 Roper's consolidated financial position, results of operations or cash flows.
	Over recent years there has been an 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 Roper to respond to these cases and the Company believes it has valid defenses to such claims and, if required, intends to defend them vigorously. Given the state of these claims it is not possible to determine the potential liability, if any.
	Roper's financial statements include accruals for potential product liability and warranty claims based on its 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, 2014 is presented below (in thousands):
	Balance at December 31, 2013		$	14,336
	Additions charged to costs and expenses			10,357
	Deductions			(13,561	)
	Other			(1	)
	Balance at September 30, 2014		$	11,131

Business_Segments

Business Segments	9 Months Ended
	Sep. 30, 2014
Business Segments [Abstract]	'
Business Segments	'
	11	Business Segments
	Sales and operating profit by industry segment are set forth in the following table (dollars in thousands):
			Three months ended September 30,							Nine months ended September 30,
			2014		2013		Change			2014		2013		Change
	Net sales:
	Industrial Technology		$	205,688	$	200,684		2.5	%	$	607,503	$	580,466		4.7	%
	Energy Systems & Controls			170,765		155,058		10.1	%		491,804		456,031		7.8	%
	Medical & Scientific Imaging			268,809		237,338		13.3	%		793,899		645,739		22.9	%
	RF Technology			238,860		234,730		1.8	%		710,143		666,719		6.5	%
	Total		$	884,122	$	827,810		6.8	%	$	2,603,349	$	2,348,955		10.8	%
	Gross profit:
	Industrial Technology		$	104,012	$	101,259		2.7	%	$	306,464	$	296,414		3.4	%
	Energy Systems & Controls			99,233		88,104		12.6	%		281,055		256,431		9.6	%
	Medical & Scientific Imaging			193,132		167,433		15.3	%		572,738		440,718		30	%
	RF Technology			127,663		125,829		1.5	%		375,901		356,145		5.5	%
	Total		$	524,040	$	482,625		8.6	%	$	1,536,158	$	1,349,708		13.8	%
	Operating profit*:
	Industrial Technology		$	62,046	$	60,753		2.1	%	$	178,540	$	164,278		8.7	%
	Energy Systems & Controls			49,033		41,076		19.4	%		130,844		118,432		10.5	%
	Medical & Scientific Imaging			91,227		71,968		26.8	%		275,379		179,433		53.5	%
	RF Technology			69,351		66,469		4.3	%		203,183		183,828		10.5	%
	Total		$	271,657	$	240,266		13.1	%	$	787,946	$	645,971		22	%
	Long-lived assets:
	Industrial Technology		$	47,147	$	49,055		(3.9	)%
	Energy Systems & Controls			17,537		19,501		(10.1	)%
	Medical & Scientific Imaging			44,513		43,105		3.3	%
	RF Technology			29,211		28,360		3	%
	Total		$	138,408	$	140,021		(1.2	)%
	*Segment operating profit is before unallocated corporate general and administrative expenses. These expenses were $25,999 and $20,917 for the three months ended September 30, 2014 and 2013, respectively, and $72,222 and $61,699 for the nine months ended September 30, 2014 and 2013, respectively.

Earnings_Per_Share_Policies

Earnings Per Share (Policies)	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share Policy	'
	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 Roper's senior subordinated convertible notes based upon the trading price of Roper's common stock. The effects of potential common stock were determined using the treasury stock method.  Weighted average shares outstanding are shown below (in thousands):

Stock_Based_Compensation_Polic

Stock Based Compensation (Policies)	9 Months Ended
	Sep. 30, 2014
Stock Based Compensation [Abstract]	'
Stock Based Compensation	'
	Roper records 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. Historical data is used 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 quarters using the Black-Scholes option-pricing model:

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Schedule Of Weighted Average Number Of Shares Outstanding Basic To Diluted	'
		Three months ended September 30,				Nine months ended September 30,
		2014		2013		2014		2013
	Basic shares outstanding		100,068		99,207		99,837	$	99,058
	Effect of potential common stock:
	Common stock awards		788		905		815		894
	Senior subordinated convertible notes		150		190		151		200
	Diluted shares outstanding		101,006		100,302		100,803		100,152

Stock_Based_Compensation_Table

Stock Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2014
Stock Based Compensation [Abstract]	'
Stock Based Compensation Expense	'
	The following table provides information regarding the Company's stock-based compensation expense (in thousands):
		Three months ended September 30,							Nine months ended September 30,
		2014				2013			2014			2013
	Stock based compensation		$	16,998			$	13,756		$	47,011		$	40,040
	Tax effect recognized in net income			5,949				4,814			16,454			14,014
	Windfall tax benefit/(shortfall), net			3,126				2,075			14,727			7,632
Weighted average assumptions used to value option grants	'
		Nine Months Ended September 30,
		2014			2013
	Risk-free interest rate (%)		1.63			0.8
	Expected option life (years)		5.23			5.19
	Expected volatility (%)		27.27			36.2
	Expected dividend yield (%)		0.59			0.57

Inventories_Tables

Inventories (Tables)	9 Months Ended
	Sep. 30, 2014
Inventories [Abstract]	'
Inventories	'
	The components of inventory were as follows (in thousands):
		September 30,			December 31,
		2014			2013
	Raw materials and supplies	$	133,473		$	127,525
	Work in process		33,915			30,498
	Finished products		91,054			90,352
	Inventory reserves		(45,002	)		(43,452	)
		$	213,440		$	204,923

Goodwill_and_Other_Intangible_1

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2014
Goodwill and Other Intangible Assets [Abstract]	'
Goodwill	'
	The carrying value of goodwill by segment was as follows (in thousands):
		Industrial			Energy Systems			Medical &			RF Technology			Total
		Technology			& Controls			Scientific Imaging
	Balances at December 31, 2013	$	425,501		$	434,697		$	2,435,506		$	1,254,294		$	4,549,998
	Goodwill Acquired		-			-			173,707			33,470			207,177
	Other		-			275			(2,549	)		-			(2,274	)
	Currency translation adjustments		(8,913	)		(3,550	)		(9,484	)		(1,560	)		(23,507	)
	Balances at September 30, 2014	$	416,588		$	431,422		$	2,597,180		$	1,286,204		$	4,731,394
Other Intangible Assets	'
	Other intangible assets were comprised of (in thousands):
		Cost			Accumulated			Net book
					amortization			value
	Assets subject to amortization:
	Customer related intangibles	$	1,936,336		$	(464,018	)	$	1,472,318
	Unpatented technology		216,044			(120,091	)		95,953
	Software		160,618			(58,084	)		102,534
	Patents and other protective rights		31,394			(21,922	)		9,472
	Trade names		656			(16	)		640
	Assets not subject to amortization:
	Trade names		358,219			-			358,219
	Balances at December 31, 2013	$	2,703,267		$	(664,131	)	$	2,039,136
	Assets subject to amortization:
	Customer related intangibles	$	1,988,946		$	(522,581	)	$	1,466,365
	Unpatented technology		212,812			(129,498	)		83,314
	Software		156,740			(59,716	)		97,024
	Patents and other protective rights		26,771			(17,866	)		8,905
	Backlog		1,100			(168	)		932
	Trade names		653			(60	)		593
	Assets not subject to amortization:
	Trade names		363,665			-			363,665
	Balances at September 30, 2014	$	2,750,687		$	(729,889	)	$	2,020,798
	Amortization expense of other intangible assets was $114,317 and $108,223 during the nine months ended September 30, 2014 and 2013, respectively.

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2014
Fair Value of Financial Instruments [Abstract]	'
Fixed-Rate Senior Notes, Fair Value	'
	Roper's debt at September 30, 2014 included $2.2 billion of fixed-rate senior notes with the following fair values (in millions):
	$400 million senior notes due 2017	$	403
	$800 million senior notes due 2018		797
	$500 million senior notes due 2019		582
	$500 million senior notes due 2022		487

Contingencies_Tables

Contingencies (Tables)	9 Months Ended
	Sep. 30, 2014
Contingencies [Abstract]	'
Warranty Accrual Activity	'
	Roper's financial statements include accruals for potential product liability and warranty claims based on its 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, 2014 is presented below (in thousands):
	Balance at December 31, 2013	$	14,336
	Additions charged to costs and expenses		10,357
	Deductions		(13,561	)
	Other		(1	)
	Balance at September 30, 2014	$	11,131

Business_Segments_Tables

Business Segments (Tables)	9 Months Ended
	Sep. 30, 2014
Business Segments [Abstract]	'
Sales and operating profit by business segment Table	'
	Sales and operating profit by industry segment are set forth in the following table (dollars in thousands):
		Three months ended September 30,							Nine months ended September 30,
		2014		2013		Change			2014		2013		Change
	Net sales:
	Industrial Technology	$	205,688	$	200,684		2.5	%	$	607,503	$	580,466		4.7	%
	Energy Systems & Controls		170,765		155,058		10.1	%		491,804		456,031		7.8	%
	Medical & Scientific Imaging		268,809		237,338		13.3	%		793,899		645,739		22.9	%
	RF Technology		238,860		234,730		1.8	%		710,143		666,719		6.5	%
	Total	$	884,122	$	827,810		6.8	%	$	2,603,349	$	2,348,955		10.8	%
	Gross profit:
	Industrial Technology	$	104,012	$	101,259		2.7	%	$	306,464	$	296,414		3.4	%
	Energy Systems & Controls		99,233		88,104		12.6	%		281,055		256,431		9.6	%
	Medical & Scientific Imaging		193,132		167,433		15.3	%		572,738		440,718		30	%
	RF Technology		127,663		125,829		1.5	%		375,901		356,145		5.5	%
	Total	$	524,040	$	482,625		8.6	%	$	1,536,158	$	1,349,708		13.8	%
	Operating profit*:
	Industrial Technology	$	62,046	$	60,753		2.1	%	$	178,540	$	164,278		8.7	%
	Energy Systems & Controls		49,033		41,076		19.4	%		130,844		118,432		10.5	%
	Medical & Scientific Imaging		91,227		71,968		26.8	%		275,379		179,433		53.5	%
	RF Technology		69,351		66,469		4.3	%		203,183		183,828		10.5	%
	Total	$	271,657	$	240,266		13.1	%	$	787,946	$	645,971		22	%
	Long-lived assets:
	Industrial Technology	$	47,147	$	49,055		(3.9	)%
	Energy Systems & Controls		17,537		19,501		(10.1	)%
	Medical & Scientific Imaging		44,513		43,105		3.3	%
	RF Technology		29,211		28,360		3	%
	Total	$	138,408	$	140,021		(1.2	)%
	*Segment operating profit is before unallocated corporate general and administrative expenses. These expenses were $25,999 and $20,917 for the three months ended September 30, 2014 and 2013, respectively, and $72,222 and $61,699 for the nine months ended September 30, 2014 and 2013, respectively.

Business_Acquisitions_Details

Business Acquisitions (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014
			Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]	'	'	'
Name of Acquired Entity	'	'	'Foodlink Holdings, Inc. ("Foodlink"), Strategic Healthcare Programs Holdings, LLC. ("SHP"), and Innovative Product Achievements, LLC ("IPA")
Cost of Acquired Entity Purchase Price	'	'	$303,000,000
Intangible Assets Other than Goodwill	'	'	99,000,000
Reason for Business Combination	'	'	'to expand upon existing supply chain and medical platforms
Goodwill	4,731,394,000	4,549,998,000	207,000,000
Cost of Acquired Entity Transaction Costs	'	'	$2,600,000

Earnings_Per_Share_Details

Earnings Per Share (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Schedule Of Weighted Average Number Of Shares Outstanding Basic To Diluted [Abstract]	'	'	'	'
Basic shares outstanding (in shares)	100,068,000	99,207,000	99,837,000	99,058,000
Effect of potential common stock [Abstract]	'	'	'	'
Common stock awards (in shares)	788,000	905,000	815,000	894,000
Senior subordinated convertible notes (in shares)	150,000	190,000	151,000	200,000
Diluted shares outstanding (in shares)	101,006,000	100,302,000	100,803,000	100,152,000
Antidilutive stock options (in shares)	670,000	551,850	781,000	601,350

Stock_Based_Compensation_Detai

Stock Based Compensation (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Stock Based Compensation [Abstract]	'	'	'	'
Percentage of eligible earnings to purchase common stock through the employee stock purchase plan (in hundredths)	10.00%	'	10.00%	'
Discount on the average closing price for the employee stock purchase plan (in hundredths)	'	'	5.00%	'
Stock Based Compensation Expense [Abstract]	'	'	'	'
Stock based compensation	$16,998,000	$13,756,000	$47,011,000	$40,040,000
Tax effect recognized in net income	5,949,000	4,814,000	16,454,000	14,014,000
Windfall tax benefit/(shortfall), net	3,126,000	2,075,000	14,727,000	7,632,000
Employee stock options granted during the period (in shares)	'	'	614,500	560,350
Fair value per share (in dollars per share)	'	'	$35.02	$36.87
Weighted average assumptions used to value option grants [Abstract]	'	'	'	'
Risk-free interest rate (%) (in hundredths)	'	'	1.63%	0.80%
Expected option life (years)	'	'	'5 years 2 months 23 days	'5 years 2 months 8 days
Expected volatility (%) (in hundredths)	'	'	27.27%	36.20%
Expected dividend yield (%) (in hundredths)	'	'	0.59%	0.57%
Cash received from exercise of options	'	'	29,500,000	20,500,000
Restricted stock awards granted during period (in shares)	'	'	341,810	357,240
Weighted average fair value per share of restricted stock awards granted during the period (in dollars per share)	'	'	$140.91	$116.76
Restricted stock awards vested during period (in shares)	'	'	94,645	'
Weighted average grant date fair value per share (in dollars per share)	'	'	$85.33	'
Weighted average vest date fair value per share (in dollars per share)	'	'	$143.14	'
Shares of stock purchased during the period by participants in the employee stock purchase plan (in shares)	'	'	15,695	15,458
Amount paid for stock purchased during the period by participants in the employee stock purchase plan	'	'	$2,100,000	$1,800,000

Inventories_Details

Inventories (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Inventories [Abstract]	'	'
Raw materials and supplies	$133,473	$127,525
Work in process	33,915	30,498
Finished products	91,054	90,352
Inventory reserves	-45,002	-43,452
Total Inventory	$213,440	$204,923

Goodwill_and_Other_Intangible_2

Goodwill and Other Intangible Assets (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Goodwill [Line Items]	'	'	'
Balances	$4,549,998	'	'
Goodwill acquired	207,177	'	'
Goodwill, Other Changes	-2,274	'	'
Currency translation adjustments	-23,507	'	'
Balances	4,731,394	'	'
Schedule Of Other Intangible Assets By Major Class [Line Items]	'	'	'
Cost	2,750,687	'	2,703,267
Accumulated amortization	-729,889	'	-664,131
Net book value	2,020,798	'	2,039,136
Amortization expense of other intangible assets	114,317	108,223	'
Assets subject to amortization [Member] | Customer related intangibles [Member]	'	'	'
Schedule Of Other Intangible Assets By Major Class [Line Items]	'	'	'
Cost	1,988,946	'	1,936,336
Accumulated amortization	-522,581	'	-464,018
Net book value	1,466,365	'	1,472,318
Assets subject to amortization [Member] | Unpatented technology [Member]	'	'	'
Schedule Of Other Intangible Assets By Major Class [Line Items]	'	'	'
Cost	212,812	'	216,044
Accumulated amortization	-129,498	'	-120,091
Net book value	83,314	'	95,953
Assets subject to amortization [Member] | Software [Member]	'	'	'
Schedule Of Other Intangible Assets By Major Class [Line Items]	'	'	'
Cost	156,740	'	160,618
Accumulated amortization	-59,716	'	-58,084
Net book value	97,024	'	102,534
Assets subject to amortization [Member] | Patents and other protective rights [Member]	'	'	'
Schedule Of Other Intangible Assets By Major Class [Line Items]	'	'	'
Cost	26,771	'	31,394
Accumulated amortization	-17,866	'	-21,922
Net book value	8,905	'	9,472
Assets subject to amortization [Member] | Order or Production Backlog [Member]	'	'	'
Schedule Of Other Intangible Assets By Major Class [Line Items]	'	'	'
Cost	1,100	'	'
Accumulated amortization	-168	'	'
Net book value	932	'	'
Assets subject to amortization [Member] | Trade names [Member]	'	'	'
Schedule Of Other Intangible Assets By Major Class [Line Items]	'	'	'
Cost	653	'	656
Accumulated amortization	-60	'	-16
Net book value	593	'	640
Assets not subject to amortization [Member] | Trade names [Member]	'	'	'
Schedule Of Other Intangible Assets By Major Class [Line Items]	'	'	'
Cost	363,665	'	358,219
Accumulated amortization	0	'	0
Net book value	363,665	'	358,219
Industrial Technology [Member]	'	'	'
Goodwill [Line Items]	'	'	'
Balances	425,501	'	'
Goodwill acquired	0	'	'
Goodwill, Other Changes	0	'	'
Currency translation adjustments	-8,913	'	'
Balances	416,588	'	'
Energy Systems And Controls [Member]	'	'	'
Goodwill [Line Items]	'	'	'
Balances	434,697	'	'
Goodwill acquired	0	'	'
Goodwill, Other Changes	275	'	'
Currency translation adjustments	-3,550	'	'
Balances	431,422	'	'
Medical And Scientific Imaging [Member]	'	'	'
Goodwill [Line Items]	'	'	'
Balances	2,435,506	'	'
Goodwill acquired	173,707	'	'
Goodwill, Other Changes	-2,549	'	'
Currency translation adjustments	-9,484	'	'
Balances	2,597,180	'	'
RF Technology [Member]	'	'	'
Goodwill [Line Items]	'	'	'
Balances	1,254,294	'	'
Goodwill acquired	33,470	'	'
Goodwill, Other Changes	0	'	'
Currency translation adjustments	-1,560	'	'
Balances	$1,286,204	'	'

Debt_Details

Debt (Details) (Senior Subordinated Convertible Notes [Member], USD $)	9 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 30, 2014
	NotesConverted
Senior Subordinated Convertible Notes [Member]	'
Debt Instrument [Line Items]	'
Stated Interest Rate Percentage - Debt Instruments (in hundredths)	3.75%
Maturity year of Senior subordinated convertible notes	'2034
First Conversion Date	15-Jan-09
Number of Notes Converted	1,178
Cash Payments for Debt Conversions (in millions)	$2.10
Deferred Tax Liability (in millions)	0.12
Per Note Conversion Price (in dollars per share)	$488.37
Principal note amount (in millions)	8
Excess above Principal Note Amount (in millions)	$22
If converted, issuance of common stock shares (in shares)	151,922

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014
Convertible Notes [Member]	'
Short-term Debt [Line Items]	'
Fair Value of Debt Instrument	$8
Fair Value, Inputs, Level 2 [Member]	'
Debt Instrument [Line Items]	'
Face Value of Debt Instrument	2,200
Fair Value, Inputs, Level 2 [Member] | Senior notes due 2017 [Member]	'
Debt Instrument [Line Items]	'
Face Value of Debt Instrument	400
Long-term Debt, Fair Value	403
Notes due	'2017
Fair Value, Inputs, Level 2 [Member] | Senior notes due 2018 [Member]	'
Debt Instrument [Line Items]	'
Face Value of Debt Instrument	800
Long-term Debt, Fair Value	797
Notes due	'2018
Fair Value, Inputs, Level 2 [Member] | Senior notes due 2019 [Member]	'
Debt Instrument [Line Items]	'
Face Value of Debt Instrument	500
Long-term Debt, Fair Value	582
Notes due	'2019
Fair Value, Inputs, Level 2 [Member] | Senior notes due 2022 [Member]	'
Debt Instrument [Line Items]	'
Face Value of Debt Instrument	500
Long-term Debt, Fair Value	$487
Notes due	'2022

Contingencies_Details

Contingencies (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014
Warranty Accrual Activity [Roll Forward]	'
Balance	$14,336
Additions charged to costs and expenses	10,357
Deductions	-13,561
Other	-1
Balance	$11,131

Business_Segments_Details

Business Segments (Details) (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Segment Reporting Information [Line Items]	'		'		'		'
Net sales	$884,122,000		$827,810,000		$2,603,349,000		$2,348,955,000
Percent change in Net Sales (in hundredths)	6.80%		'		10.80%		'
Gross Profit	524,040,000		482,625,000		1,536,158,000		1,349,708,000
Percent change in Gross Profit (in hundredths)	8.60%		'		13.80%		'
Operating profit	271,657,000	[1]	240,266,000	[1]	787,946,000		645,971,000
Percent change in Operating Profit (in hundredths)	13.10%	[1]	'		22.00%		'
Long-Lived assets	138,408,000		140,021,000		138,408,000		140,021,000
Percent change in Long-lived assets (in hundredths)	'		'		-1.20%		'
Unallocated corporate general and administrative expenses	25,999	[1]	20,917	[1]	72,222	[1]	61,699	[1]
Industrial Technology [Member]	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Net sales	205,688,000		200,684,000		607,503,000		580,466,000
Percent change in Net Sales (in hundredths)	2.50%		'		4.70%		'
Gross Profit	104,012,000		101,259,000		306,464,000		296,414,000
Percent change in Gross Profit (in hundredths)	2.70%		'		3.40%		'
Operating profit	62,046,000	[1]	60,753,000	[1]	178,540,000		164,278,000
Percent change in Operating Profit (in hundredths)	2.10%	[1]	'		8.70%		'
Long-Lived assets	47,147,000		49,055,000		47,147,000		49,055,000
Percent change in Long-lived assets (in hundredths)	'		'		-3.90%		'
Energy Systems And Controls [Member]	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Net sales	170,765,000		155,058,000		491,804,000		456,031,000
Percent change in Net Sales (in hundredths)	10.10%		'		7.80%		'
Gross Profit	99,233,000		88,104,000		281,055,000		256,431,000
Percent change in Gross Profit (in hundredths)	12.60%		'		9.60%		'
Operating profit	49,033,000	[1]	41,076,000	[1]	130,844,000		118,432,000
Percent change in Operating Profit (in hundredths)	19.40%	[1]	'		10.50%		'
Long-Lived assets	17,537,000		19,501,000		17,537,000		19,501,000
Percent change in Long-lived assets (in hundredths)	'		'		-10.10%		'
Medical And Scientific Imaging [Member]	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Net sales	268,809,000		237,338,000		793,899,000		645,739,000
Percent change in Net Sales (in hundredths)	13.30%		'		22.90%		'
Gross Profit	193,132,000		167,433,000		572,738,000		440,718,000
Percent change in Gross Profit (in hundredths)	15.30%		'		30.00%		'
Operating profit	91,227,000	[1]	71,968,000	[1]	275,379,000		179,433,000
Percent change in Operating Profit (in hundredths)	26.80%	[1]	'		53.50%		'
Long-Lived assets	44,513,000		43,105,000		44,513,000		43,105,000
Percent change in Long-lived assets (in hundredths)	'		'		3.30%		'
RF Technology [Member]	'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'
Net sales	238,860,000		234,730,000		710,143,000		666,719,000
Percent change in Net Sales (in hundredths)	1.80%		'		6.50%		'
Gross Profit	127,663,000		125,829,000		375,901,000		356,145,000
Percent change in Gross Profit (in hundredths)	1.50%		'		5.50%		'
Operating profit	69,351,000	[1]	66,469,000	[1]	203,183,000		183,828,000
Percent change in Operating Profit (in hundredths)	4.30%	[1]	'		10.50%		'
Long-Lived assets	$29,211,000		$28,360,000		$29,211,000		$28,360,000
Percent change in Long-lived assets (in hundredths)	'		'		3.00%		'
[1]	Segment operating profit is before unallocated corporate general and administrative expenses. These expenses were $24,211 and $20,734 for the three months ended June 30, 2014 and 2013, respectively, and $46,223 and $40,782 for the six months ended June 30, 2014 and 2013, respectively.