XML 38 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock Based Compensation (Policies)
3 Months Ended
Mar. 31, 2013
Notes to Financial Statements [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:

 
Three months ended March 31,
 
2013
 
2012
Fair value per share ($)
36.53
 
29.65
Risk-free interest rate (%)
0.80
 
0.82
Expected option life (years)
5.18
 
5.22
Expected volatility (%)
36.29
 
36.56
Expected dividend yield (%)
0.57
 
0.59