Segment and Geographic Area Information

12 Months Ended

Dec. 31, 2011

(15)	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 industrial 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 & 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 2011, 2010 and 2009. 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 were principally comprised of cash and cash equivalents, recoverable insurance claims, deferred compensation assets, unamortized deferred financing costs and property and equipment.

Selected financial information by business segment for 2011, 2010 and 2009 follows (in thousands):

	Industrial Technology			Energy Systems and Controls		Medical and Scientific Imaging		RF Technology			Corporate			Total
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		27,376			58,714		35,916		(104,869	)		418			17,555
Total															4,826,266
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
2010
Net sales	$	607,564		$	503,897	$	548,718	$	725,933		$	-		$	2,386,112
Operating profit		162,009			120,427		130,558		150,711			(49,411	)		514,294
Assets:
Operating assets		179,458			166,554		170,955		256,016			17,517			790,500
Intangible assets, net		610,542			518,849		791,611		1,911,291			-			3,832,293
Other		47,451			76,686		24,694		(91,099	)		(94,237	)		(36,505	)
Total															4,586,288
Capital expenditures		8,849			3,466		7,269		8,976			31			28,591
Depreciation and other amortization		23,660			18,472		27,991		52,709			189			123,021
2009
Net sales	$	536,219		$	440,919	$	354,776	$	717,754		$	-		$	2,049,668
Operating profit		123,959			92,788		74,183		154,430			(49,964	)		395,396
Assets:
Operating assets		165,651			166,461		172,805		238,249			13,894			757,060
Intangible assets, net		635,147			532,022		787,884		1,302,279			-			3,257,332
Other		(51	)		8,016		7,219		(27,825	)		(33,281	)		(45,922	)
Total															3,968,470
Capital expenditures		13,977			3,185		2,126		6,291			306			25,885
Depreciation and other amortization		24,636			18,736		16,691		43,183			202			103,448

Summarized data for Roper's U.S. and foreign operations (principally in Canada, Europe and Asia) for 2011, 2010 and 2009, 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
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

2010
Sales to unaffiliated customers	$	1,758,797	$	627,315	$	-		$	2,386,112
Sales between geographic areas		125,202		174,265		(299,467	)		-
Net sales	$	1,883,999	$	801,580	$	(299,467	)	$	2,386,112
Long-lived assets	$	104,147	$	29,834	$	-		$	133,981

2009
Sales to unaffiliated customers	$	1,526,390	$	523,278	$	-		$	2,049,668
Sales between geographic areas		87,323		126,093		(213,416	)		-
Net sales	$	1,613,713	$	649,371	$	(213,416	)	$	2,049,668
Long-lived assets	$	124,382	$	28,922	$	-		$	153,304

Export sales from the U.S. during the years ended December 31, 2011, 2010 and 2009 were $410 million, $358 million and $301 million, respectively. In the year ended December 31, 2011, these exports were shipped primarily to Asia (34%), Europe (24%), Canada (14%), Middle East (13%), South America (6%) and other (9%).

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, 2011, 2010 and 2009 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
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

2010
Canada	$	44,678	$	27,360	$	15,306	$	35,270	$	122,614
Europe		91,815		135,019		126,116		64,605		417,555
Asia		49,232		100,094		79,343		5,389		234,058
Middle East		2,805		34,912		5,853		22,387		65,957
Rest of the world		22,328		55,280		15,169		10,542		103,319
Total	$	210,858	$	352,665	$	241,787	$	138,193	$	943,503

2009
Canada	$	40,121	$	25,746	$	7,251	$	30,184	$	103,302
Europe		79,000		118,770		98,328		48,849		344,947
Asia		41,364		85,323		65,687		6,157		198,531
Middle East		4,040		28,121		2,162		28,316		62,639
Rest of the world		12,256		48,657		9,424		11,042		81,379
Total	$	176,781	$	306,617	$	182,852	$	124,548	$	790,798