cover8k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
FORM 8-K
 
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
 
April 21, 2009
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
 
ROPER INDUSTRIES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
 
DELAWARE
(STATE OR OTHER JURISDICTION OF INCORPORATION)
 
 
 
 
 1-12273
 51-0263969
   
   
 (COMMISSION FILE NUMBER)
 (IRS EMPLOYER IDENTIFICATION NO.)
   
   
 6901 PROFESSIONAL PKWY. EAST, SUITE 200, SARASOTA, FLORIDA
 34240
   
 
  
 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
 (ZIP CODE)
 
 
(941) 556-2601
(REGISTRANT’S TELEPHONE NUMBER, INCLUDING AREA CODE)
 
 
(FORMER NAME OR ADDRESS, IF CHANGED SINCE LAST REPORT)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
[    ] Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)                                         
[    ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)                                         
[    ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[    ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))  
 
 
 
 
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.

 
 
 
 
Signatures
 
        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
       Roper Industries, Inc.    
       (Registrant)    

     BY:    /s/ John Humphrey
      John Humphrey,
Vice President and Chief Financial Officer 		  Date: April 21, 2009