(12)	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 the consolidated financial position, results of operations or cash flows of Roper.

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 Roper to respond to these cases and Roper 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 rent expense was $39.8 million, $26.8 million and $29.7 million for 2013, 2012 and 2011, respectively. Roper's future minimum property lease commitments are as follows (in millions):

2014	$	33.6
2015		28.5
2016		23.0
2017		15.8
2018		7.3
Thereafter		4.8
Total	$	112.70

A summary of the Company's warranty accrual activity is presented below (in thousands):

	2013			2012			2011
Balance, beginning of year	$	9,755		$	8,147		$	7,038
Additions charged to costs and expenses*		20,387			11,845			8,846
Deductions		(15,697	)		(10,287	)		(7,716	)
Other		(109	)		50			(21	)
Balance, end of year	$	14,336		$	9,755		$	8,147

* During the second quarter of 2013, the Company identified a vendor-supplied component within a refrigeration system valve that did not meet its quality standards, and $9.1 million was expensed to cover the estimated cost of replacing the faulty components for customers.

Other included warranty balances at acquired businesses at the dates of acquisition, the effects of foreign currency translation adjustments, reclassifications and other.

At December 31, 2013 the Company had outstanding surety bonds of $410 million.