Segment and Geographic Area Information

12 Months Ended

Dec. 31, 2015

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: Medical & Scientific Imaging, RF Technology, Industrial Technology and Energy Systems & Controls. The Medical & Scientific Imaging segment offers medical products and software, high performance digital imaging products and software. The RF Technology segment includes products and systems related to comprehensive toll and traffic systems and processing, security and access control, campus card systems, card readers, software-as-a-service applications in the freight matching and food industries, comprehensive business software for legal and construction firms and utility metering and remote monitoring applications.  Products included within the Industrial Technology segment are water and fluid handling pumps, flow measurement and metering equipment, industrial valves and controls, materials analysis equipment and consumables and industrial leak testing. The Energy Systems & 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.  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 2015, 2014 and 2013. 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 and property and equipment.

Selected financial information by business segment for 2015, 2014 and 2013 follows (in thousands):

	Medical & Scientific Imaging		RF Technology		Industrial Technology		Energy Systems & Controls		Corporate			Total
2015
Net sales	$	1,215,318	$	1,033,951	$	745,381	$	587,745	$	-		$	3,582,395
Operating profit		441,931		312,112		214,538		162,128		(102,791	)		1,027,918
Assets:
Operating assets		265,520		293,004		182,544		194,898		9,080			945,046
Intangible assets, net		4,451,028		2,848,911		513,155		540,628		-			8,353,722
Other		121,461		117,596		67,832		113,014		449,694			869,597
Total													10,168,365
Capital expenditures		12,642		10,758		9,179		3,276		405			36,260
Depreciation and other amortization		105,928		56,877		19,912		21,254		290			204,261
2014
Net sales	$	1,080,309	$	950,227	$	827,145	$	691,813	$	-		$	3,549,494
Operating profit		375,867		271,177		247,596		203,021		(98,188	)		999,473
Assets:
Operating assets		232,380		270,458		220,115		219,284		7,002			949,239
Intangible assets, net		3,842,180		1,720,977		557,593		568,670		-			6,689,420
Other*		147,529		65,636		120,681		223,831		203,849			761,526
Total													8,400,185
Capital expenditures		11,430		10,521		10,713		4,634		346			37,644
Depreciation and other amortization		93,683		58,702		21,135		23,281		483			197,284
2013
Net sales	$	902,281	$	904,363	$	779,564	$	651,920	$	-		$	3,238,128
Operating profit		268,172		253,532		223,053		183,679		(86,075	)		842,361
Assets:
Operating assets		237,681		266,026		232,505		214,926		15,325			966,463
Intangible assets, net		3,682,465		1,725,597		583,822		597,250		-			6,589,134
Other*		152,211		62,576		75,215		167,879		155,642			613,523
Total*													8,169,120
Capital expenditures		10,231		10,190		17,043		4,952		112			42,528
Depreciation and other amortization		85,177		60,590		21,551		21,353		519			189,190

*Other assets have been adjusted due to the adoption of a recent ASU regarding presentation of debt issuance costs (see Note 1).  These adjustments were $12,749 and $15,861 for the years ended December 31, 2014 and 2013, respectively.

Summarized data for Roper's U.S. and foreign operations (principally in Canada, Europe and Asia) for 2015, 2014 and 2013, 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
2015
Sales to unaffiliated customers	$	2,829,752	$	752,643	$	-		$	3,582,395
Sales between geographic areas		135,363		119,006		(254,369	)		-
Net sales	$	2,965,115	$	871,649	$	(254,369	)	$	3,582,395
Long-lived assets	$	133,522	$	21,960	$	-		$	155,482
2014
Sales to unaffiliated customers	$	2,661,470	$	888,024	$	-		$	3,549,494
Sales between geographic areas		159,049		119,175		(278,224	)		-
Net sales	$	2,820,519	$	1,007,199	$	(278,224	)	$	3,549,494
Long-lived assets	$	134,855	$	30,781	$	-		$	165,636
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

Export sales from the U.S. during the years ended December 31, 2015, 2014 and 2013 were $481 million, $477 million and $479 million, respectively. In the year ended December 31, 2015, these exports were shipped primarily to Asia (36%), Europe (17%), Canada (15%), Middle East (18%), South America (5%), South Pacific (3%) and other (6%).

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, 2015, 2014 and 2013 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):

	Medical & Scientific Imaging		RF Technology		Industrial Technology		Energy Systems & Controls		Total
2015
Canada	$	23,737	$	45,506	$	65,826	$	23,883	$	158,952
Europe		167,698		57,581		97,938		129,021		452,238
Asia		112,732		10,019		60,817		132,088		315,656
Middle East		15,877		54,165		4,220		50,227		124,489
Rest of the world		20,417		10,761		24,471		55,074		110,723
Total	$	340,461	$	178,032	$	253,272	$	390,293	$	1,162,058
2014
Canada	$	24,997	$	45,811	$	106,598	$	31,831	$	209,237
Europe		185,263		54,330		121,909		157,391		518,893
Asia		107,695		7,555		61,552		143,524		320,326
Middle East		9,997		34,241		3,824		42,988		91,050
Rest of the world		28,722		9,333		26,134		78,186		142,375
Total	$	356,674	$	151,270	$	320,017	$	453,920	$	1,281,881
2013
Canada	$	25,502	$	45,954	$	109,361	$	34,260	$	215,077
Europe		168,394		62,825		108,644		153,807		493,670
Asia		103,931		8,134		65,622		136,934		314,621
Middle East		9,361		44,341		3,865		32,444		90,011
Rest of the world		17,856		11,865		26,716		82,956		139,393
Total	$	325,044	$	173,119	$	314,208	$	440,401	$	1,252,772