XML 62 R21.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Segment and Geographic Area Information | 12 Months Ended
--- | ---
Dec. 31, 2013
Business Segments [Abstract] |
Business Segments [Text Block] |
(13) | Segment and Geographic Area Information
Roper's operations are reported in four segments around common customers, markets, sales channels, technologies and common cost opportunities. The segments are: Industrial Technology, Energy Systems and Controls, Medical & Scientific Imaging, and RF Technology. Products included within the Industrial Technology segment are water and fluid handling pumps, flow measurement and metering equipment, industrial valves and controls, and equipment and consumables for materials analysis and industrial leak testing. The Energy Systems and Controls segment's products include control systems, equipment and consumables for fluid properties testing, vibration sensors and other non-destructive inspection and measurement products and services. The Medical and Scientific Imaging segment offers medical products and software, high performance digital imaging products and software and handheld and vehicle mounted computers. The RF Technology segment includes products and systems related to comprehensive toll and traffic systems and processing, security and access control, campus card systems, software-as-a-service applications in the freight matching and food industries and utility metering and remote monitoring applications. Roper's management structure and internal reporting are aligned consistently with these four segments. There were no material transactions between Roper's business segments during 2013, 2012 and 2011. Sales between geographic areas are primarily of finished products and are accounted for at prices intended to represent third-party prices. Operating profit by business segment and by geographic area is defined as net sales less operating costs and expenses. These costs and expenses do not include unallocated corporate administrative expenses. Items below income from operations on Roper's statement of earnings are not allocated to business segments. Identifiable assets are those assets used primarily in the operations of each business segment or geographic area. Corporate assets are principally comprised of cash and cash equivalents, deferred tax assets, recoverable insurance claims, deferred compensation assets, unamortized deferred financing costs and property and equipment. Selected financial information by business segment for 2013, 2012 and 2011 follows (in thousands):
| Industrial Technology |  | Energy Systems and Controls |  | Medical and Scientific Imaging |  | RF Technology |  | Corporate |  | Total |
2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 779,564 |  | $ | 651,920 |  | $ | 902,281 |  | $ | 904,363 |  | $ | - |  | $ | 3,238,128 |
Operating profit |  | 223,053 |  |  | 183,679 |  |  | 268,172 |  |  | 253,532 |  |  | (86,075 | ) |  | 842,361 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating assets |  | 232,505 |  |  | 214,926 |  |  | 237,681 |  |  | 266,026 |  |  | 15,325 |  |  | 966,463 |
Intangible assets, net |  | 583,822 |  |  | 597,250 |  |  | 3,682,465 |  |  | 1,725,597 |  |  | - |  |  | 6,589,134 |
Other |  | 75,215 |  |  | 167,879 |  |  | 152,211 |  |  | 62,576 |  |  | 171,503 |  |  | 629,384 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,184,981 |
Capital expenditures |  | 17,043 |  |  | 4,952 |  |  | 10,231 |  |  | 10,190 |  |  | 112 |  |  | 42,528 |
Depreciation and other amortization |  | 21,551 |  |  | 21,353 |  |  | 85,177 |  |  | 60,590 |  |  | 519 |  |  | 189,190 |
2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 795,240 |  | $ | 646,116 |  | $ | 703,835 |  | $ | 848,298 |  | $ | - |  | $ | 2,993,489 |
Operating profit |  | 244,691 |  |  | 179,824 |  |  | 187,246 |  |  | 223,335 |  |  | (77,509 | ) |  | 757,587 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating assets |  | 225,620 |  |  | 199,016 |  |  | 232,527 |  |  | 251,721 |  |  | 24,731 |  |  | 933,615 |
Intangible assets, net |  | 590,175 |  |  | 555,667 |  |  | 2,631,085 |  |  | 1,790,797 |  |  | - |  |  | 5,567,724 |
Other |  | 100,102 |  |  | 80,230 |  |  | 114,834 |  |  | 51,044 |  |  | 223,555 |  |  | 569,765 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,071,104 |
Capital expenditures |  | 14,030 |  |  | 5,532 |  |  | 8,253 |  |  | 9,765 |  |  | 825 |  |  | 38,405 |
Depreciation and other amortization |  | 21,754 |  |  | 19,671 |  |  | 50,309 |  |  | 62,629 |  |  | 385 |  |  | 154,748 |
2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 737,356 |  | $ | 597,802 |  | $ | 610,617 |  | $ | 851,314 |  | $ | - |  | $ | 2,797,089 |
Operating profit |  | 208,188 |  |  | 157,960 |  |  | 148,376 |  |  | 202,877 |  |  | (56,862 | ) |  | 660,539 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating assets |  | 219,180 |  |  | 194,527 |  |  | 176,893 |  |  | 237,719 |  |  | 19,824 |  |  | 848,143 |
Intangible assets, net |  | 597,769 |  |  | 535,606 |  |  | 971,584 |  |  | 1,855,609 |  |  | - |  |  | 3,960,568 |
Other |  | 32,054 |  |  | 64,753 |  |  | 49,599 |  |  | 31,911 |  |  | 332,389 |  |  | 510,706 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5,319,417 |
Capital expenditures |  | 11,153 |  |  | 6,889 |  |  | 12,498 |  |  | 9,634 |  |  | 528 |  |  | 40,702 |
Depreciation and other amortization |  | 23,119 |  |  | 18,177 |  |  | 34,224 |  |  | 64,329 |  |  | 294 |  |  | 140,143 |
Summarized data for Roper's U.S. and foreign operations (principally in Canada, Europe and Asia) for 2013, 2012 and 2011, based upon the country of origin of the Roper entity making the sale, was as follows (in thousands):
|  | United States |  | Non-U.S. |  | Eliminations |  | Total |
2013 |  |  |  |  |  |  |  |  |  |  |  |  |
Sales to unaffiliated customers |  | $ | 2,400,592 |  | $ | 837,536 |  | $ | - |  | $ | 3,238,128 |
Sales between geographic areas |  |  | 141,529 |  |  | 121,431 |  |  | (262,960 | ) |  | - |
Net sales |  | $ | 2,542,121 |  | $ | 958,967 |  | $ | (262,960 | ) | $ | 3,238,128 |
Long-lived assets |  | $ | 135,157 |  | $ | 36,266 |  | $ | - |  | $ | 171,423 |
2012 |  |  |  |  |  |  |  |  |  |  |  |  |
Sales to unaffiliated customers |  | $ | 2,174,443 |  | $ | 819,046 |  | $ | - |  | $ | 2,993,489 |
Sales between geographic areas |  |  | 140,864 |  |  | 111,813 |  |  | (252,677 | ) |  | - |
Net sales |  | $ | 2,315,307 |  | $ | 930,859 |  | $ | (252,677 | ) | $ | 2,993,489 |
Long-lived assets |  | $ | 125,015 |  | $ | 35,702 |  | $ | - |  | $ | 160,717 |
2011 |  |  |  |  |  |  |  |  |  |  |  |  |
Sales to unaffiliated customers |  | $ | 1,985,756 |  | $ | 811,333 |  | $ | - |  | $ | 2,797,089 |
Sales between geographic areas |  |  | 153,121 |  |  | 229,583 |  |  | (382,704 | ) |  | - |
Net sales |  | $ | 2,138,877 |  | $ | 1,040,916 |  | $ | (382,704 | ) | $ | 2,797,089 |
Long-lived assets |  | $ | 135,399 |  | $ | 35,729 |  | $ | - |  | $ | 171,128 |
Export sales from the U.S. during the years ended December 31, 2013, 2012 and 2011 were $479 million, $459 million and $410 million, respectively. In the year ended December 31, 2013, these exports were shipped primarily to Asia (35%), Europe (19%), Canada (16%), Middle East (13%), South America (7%), South Pacific (5%) and other (5%). Sales to customers outside the U.S. accounted for a significant portion of Roper's revenues. Sales are attributed to geographic areas based upon the location where the product is ultimately shipped. Roper's net sales for the years ended December 31, 2013, 2012 and 2011 are shown below by region, except for Canada, which is presented separately as it is the only country in which Roper has had greater than 5% of total sales for any of the three years presented (in thousands):
|  | Industrial Technology |  | Energy Systems and Controls |  | Medical and Scientific Imaging |  | RF Technology |  | Total |
2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Canada |  | $ | 109,361 |  | $ | 34,260 |  | $ | 25,502 |  | $ | 45,954 |  | $ | 215,077 |
Europe |  |  | 108,644 |  |  | 153,807 |  |  | 168,394 |  |  | 62,825 |  |  | 493,670 |
Asia |  |  | 65,622 |  |  | 136,934 |  |  | 103,931 |  |  | 8,134 |  |  | 314,621 |
Middle East |  |  | 3,865 |  |  | 32,444 |  |  | 9,361 |  |  | 44,341 |  |  | 90,011 |
Rest of the world |  |  | 26,716 |  |  | 82,956 |  |  | 17,856 |  |  | 11,865 |  |  | 139,393 |
Total |  | $ | 314,208 |  | $ | 440,401 |  | $ | 325,044 |  | $ | 173,119 |  | $ | 1,252,772 |
2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Canada |  | $ | 94,035 |  | $ | 39,836 |  | $ | 21,308 |  | $ | 47,371 |  | $ | 202,550 |
Europe |  |  | 104,105 |  |  | 148,360 |  |  | 161,075 |  |  | 64,492 |  |  | 478,032 |
Asia |  |  | 75,113 |  |  | 121,997 |  |  | 111,642 |  |  | 6,465 |  |  | 315,217 |
Middle East |  |  | 3,846 |  |  | 47,866 |  |  | 4,613 |  |  | 30,125 |  |  | 86,450 |
Rest of the world |  |  | 34,091 |  |  | 68,275 |  |  | 20,500 |  |  | 9,293 |  |  | 132,161 |
Total |  | $ | 311,190 |  | $ | 426,334 |  | $ | 319,140 |  | $ | 157,746 |  | $ | 1,214,410 |
2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Canada |  | $ | 64,864 |  | $ | 39,547 |  | $ | 21,127 |  | $ | 40,636 |  | $ | 166,174 |
Europe |  |  | 110,656 |  |  | 148,767 |  |  | 162,725 |  |  | 88,741 |  |  | 510,889 |
Asia |  |  | 67,093 |  |  | 118,565 |  |  | 86,807 |  |  | 8,833 |  |  | 281,298 |
Middle East |  |  | 3,964 |  |  | 44,792 |  |  | 5,062 |  |  | 28,406 |  |  | 82,224 |
Rest of the world |  |  | 33,721 |  |  | 63,064 |  |  | 17,194 |  |  | 9,790 |  |  | 123,769 |
Total |  | $ | 280,298 |  | $ | 414,735 |  | $ | 292,915 |  | $ | 176,406 |  | $ | 1,164,354 |

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration