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ROP > SEC Filings for ROP > Form 8-K on 21-Apr-2009All Recent SEC Filings

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Form 8-K for ROPER INDUSTRIES INC


21-Apr-2009

Regulation FD Disclosure


Item 7.01. Regulation FD Disclosure.

In May 2008, the FASB issued FSP APB 14-1, "Accounting for Convertible Debt Instruments That May Be Settled in Cash upon Conversion (Including Partial Cash Settlement)" ("FSP APB 14-1"). FSP APB 14-1 requires issuers to separately account for the liability and equity components of covered convertible debt instruments to reflect the issuer's nonconvertible debt borrowing rate when interest cost is recognized in subsequent periods. We adopted FSP APB 14-1 on January 1, 2009, and are required to apply this standard on a retrospective basis. Adoption of FSP APB 14-1 resulted in the following non-cash reductions in basic and diluted earnings per common share from continuing operations.

Roper Industries, Inc. and Subsidiaries
Supplemental Condensed Consolidated Statements of Earnings Information
(unaudited)
Calendar Period Presentation
(Amounts in thousands, except per share data)



                                                                                  2007                                                       2008
                                                             Q1         Q2         Q3         Q4        Year            Q1         Q2         Q3         Q4        Year

Net earnings from continuing operations, as reported       $ 51,434   $ 61,229   $ 65,140   $ 72,230   $ 250,033      $ 63,582   $ 75,673   $ 75,199   $ 72,061   $ 286,515

 Adjustments to reflect the impact of adopting FASB
Staff Position (FSP) No. APB 14-1:
    Incremental interest expense (1)                        (1,622)    (1,650)    (1,679)    (1,709)     (6,660)       (1,739)    (1,769)    (1,800)    (1,831)     (7,139)
    Tax effect of incremental interest expense                  568        578        588        598       2,332           608        619        630        641       2,498

Net earnings from continuing operations, as restated       $ 50,380   $ 60,157   $ 64,049   $ 71,119   $ 245,705      $ 62,451   $ 74,523   $ 74,029   $ 70,871   $ 281,874



Net earnings from continuing operations, per share, as
reported,
 before restatement for impact of adopting FASB Staff
Position (FSP) No. APB 14-1
    Basic                                                  $   0.59   $   0.69   $   0.74   $   0.81   $    2.83      $   0.71   $   0.85   $   0.84   $   0.80   $    3.20
    Diluted                                                $   0.56   $   0.66   $   0.70   $   0.77   $    2.68      $   0.68   $   0.80   $   0.80   $   0.78   $    3.06


Net earnings from continuing operations, per share, as
adjusted,
 after restatement for impact of adopting FASB Staff
Position (FSP) No. APB 14-1
    Basic                                                  $   0.57   $   0.68   $   0.72   $   0.80   $    2.78      $   0.70   $   0.83   $   0.83   $   0.79   $    3.15
    Diluted                                                $   0.55   $   0.65   $   0.68   $   0.76   $    2.64      $   0.67   $   0.79   $   0.79   $   0.77   $    3.01



Weighted average common and common
 equivalent shares outstanding:
  Basic                                                      87,918     88,359     88,575     88,698      88,390        89,037     89,476     89,629     89,726      89,468
  Diluted                                                    92,300     92,915     93,559     93,916      93,229        93,447     94,398     94,251     92,336      93,699

(1) - represents the incremental interest expense resulting from the amortization of the equity component of our convertible notes.

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