Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table (in thousands) summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition.

Accounts receivable	$	94,506
Other current assets		37,558
Identifiable intangibles		972,000
Goodwill		2,234,549
Other assets		43,098
Total assets acquired		3,381,711
Deferred revenue		166,393
Other current liabilities		57,433
Long-term deferred tax liability		349,810
Other liabilities		7,935
Net assets acquired	$	2,800,140

Business Acquisition, Pro Forma Information [Table Text Block]

The majority of the goodwill is not expected to be deductible for tax purposes. Of the $972 million of acquired intangible assets acquired, $145 million was assigned to trade names that are not subject to amortization and $62 million was assigned to in process research and development. The remaining $765 million of acquired intangible assets have a weighted-average useful life of 12 years. The intangible assets that make up that amount include customer relationships of $625 million (13 year weighted-average useful life) and unpatented technology of $140 million (6 year weighted-average useful life).

The Company expensed transaction costs of $4.3 million related to the Deltek acquisition as corporate general and adminstrative expenses, as incurred.

Roper's results for the year ended December 31, 2016 included results from Deltek between December 28, 2016 and December 31, 2016. In that period, Deltek contributed $7.9 million in revenue and $0.8 million of earnings to Roper's results. The following unaudited pro forma summary presents consolidated information as if the acquisition of Deltek had occurred on January 1, 2015 (amounts in millions, except per share data):

	Pro forma
	Year ended December 31,
	2016			2015
Sales		$	4,268,052		$	4,012,030
Net income			656,404			647,089
Earnings per share, basic			6.48			6.43
Earnings per share, diluted			6.41			6.37