Exhibit 11
Roper Industries, Inc.
Statement re: computation of per share earnings
Years ended October 31,
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1996 1995 1994
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Earnings before cumulative effect of
changes in accounting principles $28,857 $23,271 $20,862
Cumulative effect of changes in accounting
principles - - (720)
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Net earnings $28,857 $23,271 $20,142
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Weighted average common shares
outstanding 15,056 14,876 14,778
Common share equivalents:
Primary earnings (a) 385 254 236
Fully-diluted earnings (b) 387 330 236
Weighted average common shares and
common share equivalents outstanding:
Primary earnings 15,441 15,130 15,014
Fully-diluted earnings 15,443 15,206 15,014
Primary earnings per common share:
Earnings before cumulative effect of
changes in accounting principle $1.87 $1.54 $1.39
Cumulative effect of changes in
accounting principles - - (0.05)
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Net earnings $1.87 $1.54 $1.34
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Fully-diluted earnings per common share:
Earnings before cumulative effect of
changes in accounting principle $1.87 $1.53 $1.39
Cumulative effect of changes in
accounting principles - - (0.05)
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Net earnings $1.87 $1.53 $1.34
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(a) Stock options outstanding are included in the calculation of primary earnings per share
by applying the "Treasury Stock" method. Such calculations are made using the
average daily market prices during the fiscal year.
(b) Stock options outstanding are included in the calculation of fully-diluted earnings per
share by applying the "Treasury Stock" method. Such calculations are made using the
higher of average daily market prices during the fiscal year and the price at year end.