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Document and Company Information - USD ($)	9 Months Ended
Document and Company Information - USD ($)	Sep. 30, 2009	Oct. 19, 2009	Jun. 30, 2008
Document and Company Information [Abstract]
Entity Registrant Name	DOVER CORP
Entity Central Index Key	0000029905
Document Type	10-Q
Document Period End Date	Sep. 30, 2009
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 9,086,204,325
Entity Common Stock, Shares Outstanding (actual number)		186,176,669

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2009	Sep. 30, 2008	Sep. 30, 2009	Sep. 30, 2008
Statement [Line Items]
Revenue	$ 1,499,611	$ 1,965,776	$ 4,269,028	$ 5,842,240
Cost of goods and services	941,345	1,261,433	2,735,308	3,718,732
Gross profit	558,266	704,343	1,533,720	2,123,508
Selling and administrative expenses	378,125	434,992	1,110,476	1,325,299
Operating earnings	180,141	269,351	423,244	798,209
Interest expense, net	26,299	25,924	73,537	76,743
Other expense (income), net	(903)	(12,644)	(1,124)	(8,926)
Total interest/other expense, net	25,396	13,280	72,413	67,817
Earnings before provision for income taxes and discontinued operations	154,745	256,071	350,831	730,392
Provision for income taxes	47,261	65,736	81,378	205,216
Earnings from continuing operations	107,484	190,335	269,453	525,176
Loss from discontinued operations, net	(600)	(2,685)	(12,063)	(55,072)
Net earnings	$ 106,884	$ 187,650	$ 257,390	$ 470,104
Basic earnings (loss) per common share:
Earnings from continuing operations	$ 0.58	$ 1.02	$ 1.45	$ 2.77
Loss from discontinued operations, net	0	(0.01)	(0.06)	(0.29)
Net earnings	$ 0.57	$ 1.01	$ 1.38	$ 2.48
Weighted average shares outstanding - Basic	186,148	186,488	186,077	189,326
Diluted earnings (loss) per common share:
Earnings from continuing operations	$ 0.58	$ 1.01	$ 1.45	$ 2.76
Loss from discontinued operations, net	0	(0.01)	(0.06)	(0.29)
Net earnings	$ 0.57	$ 1	$ 1.38	$ 2.47
Weighted average shares outstanding - Dilutive	186,358	187,706	186,321	190,531
Dividends paid per common share	$ 0.26	$ 0.25	$ 0.76	$ 0.65
The following table is a reconciliation of the share amounts used in computing earnings per share:
Weighted average shares outstanding - Basic	186,148	186,488	186,077	189,326
Dilutive effect of stock options, SARs and performance shares	210	1,218	244	1,205
Weighted average shares outstanding - Dilutive	186,358	187,706	186,321	190,531
Anti-dilutive equity securities excluded from diluted EPS computation	12,404	3,735	9,721	3,735

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2009	Dec. 31, 2008
Current assets:
Cash and equivalents	$ 597,504	$ 547,409
Short-term investments	332,000	279,460
Receivables, net of allowances of $47,455 and $32,647	935,948	1,013,174
Inventories, net	567,322	636,121
Prepaid and other current assets	79,213	80,268
Deferred tax asset	77,581	73,687
Total current assets	2,589,568	2,630,119
Property, plant and equipment, net	843,313	872,134
Goodwill	3,274,053	3,255,566
Intangible assets, net	899,030	952,409
Other assets and deferred charges	114,093	103,904
Assets of discontinued operations	52,254	69,106
Total assets	7,772,311	7,883,238
Current liabilities:
Notes payable and current maturities of long-term debt	33,875	224,944
Accounts payable	363,665	373,436
Accrued compensation and employee benefits	204,160	305,572
Accrued insurance	114,353	104,938
Other accrued expenses	209,071	209,619
Federal and other taxes on income	18,329	35,005
Total current liabilities	943,453	1,253,514
Long-term debt	1,826,989	1,860,729
Deferred income taxes	325,738	314,405
Other deferrals	576,469	582,601
Liabilities of discontinued operations	59,248	79,123
Total liabilities	$ 3,731,897	$ 4,090,372
Commitments and Contingencies
Stockholders' Equity:
Total stockholders' equity	$ 4,040,414	$ 3,792,866
Total liabilities and stockholders' equity	$ 7,772,311	$ 7,883,238

Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2009	Dec. 31, 2008
Statement [Line Items]
Allowance for doubtful accounts receivable	$ 47,455	$ 32,647

Condensed Consolidated Statement of Stockholders Equity (Unaudited) $ in Thousands	9 Months Ended
	Sep. 30, 2009 USD ($)
Common Stock $1 Par Value
Statement [Line Items]
Beginning Balance	$ 246,615
Common stock issued for options exercised	174
Ending Balance	246,789
Accumulated Other Comprehensive Earnings
Statement [Line Items]
Beginning Balance	10,816
Translation of foreign financial statements	104,028
Unrealized holding gains, net of tax	1,031
Pension amortization, net of tax	7,289
Ending Balance	123,164
Additional Paid-In Capital
Statement [Line Items]
Beginning Balance	455,228
Common stock issued for options exercised	4,898
Tax benefit from the exercise of stock options	225
Stock-based compensation expense	13,944
Ending Balance	474,295
Treasury Stock
Statement [Line Items]
Beginning Balance	(2,206,251)
Ending Balance	(2,206,251)
Retained Earnings
Statement [Line Items]
Beginning Balance	5,286,458
Net earnings	257,390
Dividends paid	(141,431)
Ending Balance	$ 5,402,417

Condensed Consolidated Statement of Stockholders Equity (Parenthetical) (Unaudited)	Sep. 30, 2009 USD ($) shares
Statement [Line Items]
Preferred stock, par value per share \| $	$ 100
Preferred stock, shares authorized	100,000
Preferred stock, shares issued	0

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2009	Sep. 30, 2008
Operating Activities of Continuing Operations
Net earnings	$ 257,390	$ 470,104
Adjustments to reconcile net earnings to net cash provided by operating activities:
Loss from discontinued operations	12,063	55,072
Depreciation and amortization	191,900	197,884
Stock-based compensation	14,926	21,882
Cash effect of changes in current assets and liabilities (excluding effects of acquisitions, dispositions and foreign exchange):
Accounts receivable	108,526	(81,783)
Inventories	92,799	(10,238)
Prepaid expenses and other assets	3,156	10,914
Accounts payable	(23,327)	48,889
Accrued expenses	(102,124)	(290)
Accrued and deferred taxes, net	10,135	14,690
Other non-current, net	(11,331)	12,939
Net cash provided by operating activities of continuing operations	554,113	740,063
Investing Activities of Continuing Operations
Purchase of short-term investments	(348,439)	(219,359)
Proceeds from sale of short-term investments	304,103	0
Proceeds from the sale of property and equipment	12,995	6,420
Additions to property, plant and equipment	(83,250)	(133,319)
Proceeds from sales of businesses	1,375	12,774
Acquisitions (net of cash and cash equivalents acquired)	(43,264)	(99,852)
Net cash used in investing activities of continuing operations	(156,480)	(433,336)
Financing Activities of Continuing Operations
Decrease in notes payable, net	(192,557)	(232,057)
Reduction of long-term debt	(34,135)	(183,463)
Proceeds from long-term debt	0	594,120
Purchase of treasury stock	0	(466,736)
Proceeds from exercise of stock options, including tax benefits	5,297	78,652
Dividends to stockholders	(141,431)	(122,571)
Net cash used in financing activities of continuing operations	(362,826)	(332,055)
Cash Flows From Discontinued Operations
Net cash (used in) provided by operating activities of discontinued operations	(15,863)	6,309
Net cash used in investing activities of discontinued operations	(586)	(1,254)
Net cash (used in) provided by discontinued operations	(16,449)	5,055
Effect of exchange rate changes on cash	31,737	(9,900)
Net increase (decrease) in cash and cash equivalents	50,095	(30,173)
Cash and cash equivalents at beginning of period	547,409	606,105
Cash and cash equivalents at end of period	$ 597,504	$ 575,932

Basis of Presentation	9 Months Ended
Basis of Presentation	Sep. 30, 2009
Basis of Presentation [Abstract]
Basis of Presentation	1. Basis of Presentation The accompanying unaudited condensed consolidated financial statements, in accordance with Securities and Exchange Commission (“SEC”) rules for interim periods, do not include all of the information and notes required by accounting principles generally accepted in the United States of America for complete financial statements and should be read in conjunction with the Dover Corporation (the “Company”) Annual Report on Form 10-K for the year ended December 31, 2008, which provides a more complete understanding of the Company’s accounting policies, financial position, operating results, business properties and other matters. The year-end condensed consolidated balance sheet was derived from audited financial statements. It is the opinion of management that these financial statements reflect all adjustments necessary for a fair statement of the interim results. The results of operations of any interim period are not necessarily indicative of the results of operations for the full year. Certain prior year amounts have been reclassified to conform with the current period presentation.

Acquisitions

9 Months Ended

Sep. 30, 2009

Acquisitions [Abstract]

Acquisitions

2. Acquisitions

The 2009 asset acquisitions are wholly-owned and had an aggregate cost of $43.0 million, net of cash acquired, at the date of acquisition. The following table details the acquisitions made during 2009.

2009 Acquisitions

Date

Type

Acquired Companies

Location (Near)

Segment

Platform

Company

8-May

Asset

Tyler Refrigeration

Niles, MI

Engineered Systems

Engineered Products

Hill PHOENIX

24-Aug

Asset

Mechanical Field Services

Gardendale, TX

Fluid Management

Energy

Cook Compression

The Company is in the process of finalizing appraisals of tangible and intangible assets and continuing to evaluate the initial purchase price allocations as of the acquisition date, which will be adjusted as additional information relative to the fair values of the assets and liabilities of the businesses becomes known. Accordingly, management has used its best estimate in the initial purchase price allocations as of the date of these financial statements.

The following unaudited pro forma information illustrates the effect on the Company’s revenue and net earnings for the three and nine months ended September 30, 2009 and 2008, assuming that the 2009 and 2008 acquisitions had all taken place on January 1, 2008.


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share figures)	2009		2008		2009		2008
Revenue from continuing operations:
As reported	$	1,499,611	$	1,965,776	$	4,269,028	$	5,842,240
Pro forma		1,501,012		2,023,063		4,351,122		6,028,409
Net earnings from continuing operations:
As reported	$	107,484	$	190,335	$	269,453	$	525,176
Pro forma		107,694		191,201		270,994		529,130
Basic earnings per share from continuing operations:
As reported	$	0.58	$	1.02	$	1.45	$	2.77
Pro forma		0.58		1.03		1.46		2.79
Diluted earnings per share from continuing operations:
As reported	$	0.58	$	1.01	$	1.45	$	2.76
Pro forma		0.58		1.02		1.45		2.78

These pro forma results of operations have been prepared for comparative purposes only and include certain adjustments to actual financial results for the relevant periods, such as imputed financing costs, and estimated additional amortization and depreciation expenses as a result of intangibles and fixed assets acquired. They do not purport to be indicative of the results of operations that actually would have resulted had the acquisitions occurred on the date indicated or that may result in the future.

In connection with certain acquisitions that occurred prior to January 1, 2009, the Company had reserves related to severance and facility closings of $21.8 million and $27.9 million at September 30, 2009 and December 31, 2008, respectively. During the nine months ended September 30, 2009 the reserves were reduced by payments of $6.9 million of which $1.2 million was recorded in the third quarter. During the nine months ended September 30, 2008, the Company recorded payments and write-downs of $3.6 million, of which $1.3 million was recorded in the third quarter.

Inventory

9 Months Ended

Sep. 30, 2009

Inventory [Abstract]

Inventory

3. Inventory

The following table displays the components of inventory:


	At September 30,		At December 31,
(in thousands)	2009		2008
Raw materials	$	297,528	$	319,407
Work in progress		138,438		144,017
Finished goods		183,938		231,507

Subtotal		619,904		694,931
Less LIFO reserve		52,582		58,810

Total	$	567,322	$	636,121

Property, Plant and Equipment

9 Months Ended

Sep. 30, 2009

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

4. Property, Plant and Equipment

The following table displays the components of property, plant and equipment:


	At September 30,			At December 31,
(in thousands)	2009			2008
Land	$	49,544		$	49,015
Buildings and improvements		555,524			547,223
Machinery, equipment and other		1,838,758			1,792,615

		2,443,826			2,388,853
Accumulated depreciation		(1,600,513	)		(1,516,719	)

Total	$	843,313		$	872,134

Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2009

Goodwill and Other Intangible Assets [Abstract]

Goodwill and Other Intangible Assets

5. Goodwill and Other Intangible Assets

The following table provides the changes in carrying value of goodwill by segment through the nine months ended September 30, 2009:

Other

adjustments

Goodwill from

including

At December 31,

2009

currency

At September

(in thousands)

2008

acquisitions

translations

30, 2009

Electronic Technologies

976,706

—

4,973

981,679

Industrial Products

919,215

—

516

919,731

Fluid Management

571,221

4,364

2,873

578,458

Engineered Systems

788,424

—

5,761

794,185

Total

3,255,566

4,364

14,123

3,274,053

The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset:


	At September 30, 2009				Average		At December 31, 2008
	Gross Carrying		Accumulated		Life		Gross Carrying		Accumulated
(dollar amounts in thousands)	Amount		Amortization		(Years)		Amount		Amortization
Amortized Intangible Assets:
Trademarks	$	67,132	$	15,401		16	$	32,223	$	12,453
Patents		126,630		82,148		19		129,233		79,241
Customer Intangibles		695,789		251,586		10		681,636		200,169
Unpatented Technologies		135,798		72,625		9		129,303		61,871
Non-Compete Agreements		3,391		3,302		6		3,475		3,400
Drawings & Manuals		13,761		6,301		5		13,653		5,441
Distributor Relationships		73,247		20,042		18		72,413		17,193
Other		18,190		12,091		12		22,725		10,270


Total		1,133,938		463,496		12		1,084,661		390,038

Unamortized Intangible Assets:
Trademarks		228,588						257,786

Total Intangible Assets	$	1,362,526	$	463,496			$	1,342,447	$	390,038

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2009
Income Taxes [Abstract]
Income Taxes	6. Income Taxes The Company’s provision for income taxes for continuing operations in interim periods is computed by applying its estimated annual effective tax rate against earnings before income tax expense for the period. In addition, non-recurring or discrete items are recorded during the period in which they occur. The effective tax rates for the three and nine months ended September 30, 2009 were 30.5% and 23.2% compared to the prior year rates of 25.7% and 28.1%, respectively. The effective tax rate for the nine months ended September 30, 2009 was improved by $28.4 million of net benefits recognized for tax positions that were effectively settled primarily in the second quarter of 2009. The effective tax rate of 25.7% for the three months ended September 30, 2008 was impacted by $8.8 million of benefits recognized for tax positions that were settled in the third quarter of 2008. A higher percentage of domestic earnings and the mix of non-U.S. earnings in low-tax jurisdictions both had a negative impact on the effective tax rates for the three and nine months ended September 30, 2009 compared to the prior year periods, absent the settlement of tax positions.

Discontinued Operations

9 Months Ended

Sep. 30, 2009

Discontinued Operations [Abstract]

Discontinued Operations

7. Discontinued Operations

2009

During the first quarter of 2009, the Company recorded adjustments to the carrying value of a business held for sale and other adjustments resulting in a net after-tax loss of approximately $7.4 million. Adjustments made during the second and third quarter of 2009 were nominal. The after-tax loss for the nine months ended September 30, 2009 is approximately $7.7 million.

2008

During the third quarter of 2008, the Company completed the sale of a previously discontinued business and recorded other adjustments resulting in a net loss of approximately $0.7 million.

During the second quarter of 2008, the Company discontinued Triton in the Engineered Systems segment and recorded a $51.1 million write-down to the carrying value of Triton to its estimated fair market value and in the first quarter of 2008, the Company recorded adjustments to the carrying value of a business held for sale and other adjustments resulting in a net after-tax loss of approximately $2.0 million.

Summarized results of the Company’s discontinued operations are as follows:


	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands)	2009			2008			2009			2008
Revenue	$	14,046		$	17,277		$	40,379		$	70,396


Loss on sale, net of taxes (1)	$	(203	)	$	(741	)	$	(7,656	)	$	(53,713	)

Income (Loss) from operations before taxes		1,199			(2,714	)		(1,685	)		(2,732	)
Benefit (provision) for income taxes related to operations		(1,596	)		770			(2,722	)		1,373

Loss from discontinued operations, net of tax	$	(600	)	$	(2,685	)	$	(12,063	)	$	(55,072	)


(1)		Includes impairments and other adjustments to the carrying value of assets held for sale or previously sold discontinued operations.

At September 30, 2009, the assets and liabilities of discontinued operations primarily represent amounts related to one remaining unsold business. Additional detail related to the assets and liabilities of the Company’s discontinued operations is as follows:


	At September 30,		At December 31,
(in thousands)	2009		2008
Assets of Discontinued Operations
Current assets	$	30,039	$	32,498
Non-current assets		22,215		36,608

	$	52,254	$	69,106


Liabilities of Discontinued Operations
Current liabilities	$	15,371	$	13,371
Non-current liabilities		43,877		65,752

	$	59,248	$	79,123

In addition to the assets and liabilities of the entities currently held for sale in discontinued operations, the assets and liabilities of discontinued operations include residual amounts related to businesses previously sold. These residual amounts include property, plant and equipment, deferred tax assets, short and long-term reserves, and contingencies.

Hedging Activities and Debt	9 Months Ended
Hedging Activities and Debt	Sep. 30, 2009
Hedging Activities and Debt [Abstract]
Hedging Activities and Debt	8. Hedging Activities and Debt Hedging Activities The Company periodically enters into financial transactions specifically to hedge its exposures to various items, including, but not limited to, interest rate and foreign exchange rate risk. Through various programs, the Company hedges its cash flow exposures to foreign exchange rate risk by entering into foreign exchange forward contracts and collars. The Company does not enter into derivative financial instruments for speculative purposes and does not have a material portfolio of derivative financial instruments. In accordance with the provisions of Accounting Standards Codification (“ASC”) 815, the Company recognizes all derivatives as either assets or liabilities on the balance sheet and measures those instruments at fair value. If the derivative is designated as a fair value hedge and is effective, then the changes in the fair value of the derivative and of the hedged item attributable to the hedged risk are recognized in earnings in the same period. If the derivative is designated as a cash flow hedge, then the effective portions of changes in the fair value of the derivative are recorded in other comprehensive earnings (Note 11) and are recognized in the statement of operations when the hedged item affects income. Ineffective portions of changes in the fair value of cash flow hedges are recognized in earnings. There is presently one outstanding swap agreement for a total notional amount of $50.0 million, or CHF65.1 million, which swaps the U.S. dollar 6-month LIBOR rate and the Swiss Franc 6-month LIBOR rate. This agreement hedges a portion of the Company’s net investment in non-U.S. operations and the fair value outstanding at September 30, 2009 includes a loss of $13.4 million which was based on quoted market prices for similar instruments (using Level 2 inputs under the provisions of ASC 820). The change in fair value of this hedge, which was not significant during the first nine months of 2009, is recorded in Cumulative Translation Adjustments and in Other Deferrals in the Unaudited Condensed Consolidated Balance Sheet. This hedge is effective. The Company’s other hedging activity is not significant; therefore tabular disclosures are not presented. There are no amounts excluded from the assessment of hedge effectiveness and there are no credit risk related contingent features in the Company’s derivative instruments. In addition, the amount of gains or losses from hedging activity recorded in earnings is not significant and the amount of unrealized gains or losses from cash flow hedges which are expected to be reclassified to earnings in the next twelve months is not significant. During the third quarter of 2008, the Company entered into a foreign currency hedge which was subsequently settled within the quarter. As a result of terminating the hedge, the Company recorded a gain of $2.4 million in the third quarter ended September 30, 2008. Debt The Company’s long-term debt with a book value of $1,860.7 million includes $33.7 million which matures in less than one year and had a fair value of approximately $1,990.6 million at September 30, 2009. The estimated fair value of the long-term debt is based on quoted market prices, and present value techniques used to value similar instruments. During the second quarter ended June 30, 2008, the Company repaid its $150 million 6.25% Notes due June 1, 2008. In addition, on March 14, 2008, the Company issued $350 million of 5.45% Notes due 2018 and $250 million of 6.60% Notes due 2038. The net proceeds of $594.1 million from the notes were used to repay borrowings under the Company’s commercial paper program, and were reflected in long-term debt in the Consolidated Balance Sheet at December 31, 2008. The notes and debentures are redeemable at the option of the Company in whole or in part at any time at a redemption price that includes a make-whole premium, with accrued interest to the redemption date. During the first quarter of 2008, the Company entered into several interest rate swaps in anticipation of the debt financing completed on March 14, 2008 which, upon settlement, resulted in a net gain of $1.2 million which was deferred and will be amortized over the life of the related notes.

Commitments and Contingent Liabilities

9 Months Ended

Sep. 30, 2009

Commitments and Contingent Liabilities [Abstract]

Commitments and Contingent Liabilities

9. Commitments and Contingent Liabilities

A few of the Company’s subsidiaries are involved in legal proceedings relating to the cleanup of waste disposal sites identified under federal and state statutes which provide for the allocation of such costs among “potentially responsible parties.” In each instance, the extent of the Company’s liability appears to be very small in relation to the total projected expenditures and the number of other “potentially responsible parties” involved and is anticipated to be immaterial to the Company. In addition, a few of the Company’s subsidiaries are involved in ongoing remedial activities at certain current and former plant sites, in cooperation with regulatory agencies, and appropriate reserves have been established.

The Company and certain of its subsidiaries are also parties to a number of other legal proceedings incidental to their businesses. These proceedings primarily involve claims by private parties alleging injury arising out of use of the Company’s products, exposure to hazardous substances, patent infringement, employment matters and commercial disputes. Management and legal counsel, at least quarterly, review the probable outcome of such proceedings, the costs and expenses reasonably expected to be incurred, the availability and extent of insurance coverage, and established reserves. While it is not possible at this time to predict the outcome of these legal actions or any need for additional reserves, in the opinion of management, based on these reviews, it is unlikely that the disposition of the lawsuits and the other matters mentioned above will have a material adverse effect on the financial position, results of operations, cash flows or competitive position of the Company.

Estimated warranty program claims are provided for at the time of sale. Amounts provided for are based on historical costs and adjusted new claims. The changes in the carrying amount of product warranties through September 30, 2009 and 2008 are as follows:


(in thousands)	2009			2008
Beginning Balance January 1	$	56,137		$	55,437
Provision for warranties		23,715			32,288
Increase from acquisitions/dispositions		3,081			91
Settlements made		(25,774	)		(28,017	)
Other adjustments		383			(921	)

Ending Balance September 30	$	57,542		$	58,878

Prior to January 1, 2009, the Company initiated various restructuring programs at its operating companies and recorded severance and other restructuring costs in connection with purchase accounting for acquisitions (see Note 2 for additional detail). In 2008, the Company announced plans to increase substantially the amount of restructuring efforts in response to the significant decline in global economic activity. For the three months ended September 30, 2009, $3.2 million and $5.4 million of restructuring charges were recorded in cost of goods and services and selling and administrative expenses, respectively, in the Unaudited Condensed Consolidated Statement of Operations. For the nine months ended September 30, 2009, $18.3 million and $43.9 million of restructuring charges were recorded in cost of goods and services and selling and administrative expenses, respectively, in the Unaudited Condensed Consolidated Statement of Operations.

The following table details the Company’s severance and other restructuring reserve activity:


(in thousands)	Severance			Exit			Total
At December 31, 2008 (A)	$	7,203		$	23,754		$	30,957

Provision		47,670			14,561			62,231
Payments		(42,161	)		(9,103	)		(51,264	)
Other		2,177			(2,993	)		(816	)


At September 30, 2009 (B)	$	14,889		$	26,219		$	41,108


(A)		Includes $27.9 million related to purchase accounting accruals.

(B)		Includes $21.8 million related to purchase accounting accruals.

Employee Benefit Plans

9 Months Ended

Sep. 30, 2009

Employee Benefit Plans [Abstract]

Employee Benefit Plans

10. Employee Benefit Plans

The following table sets forth the components of net periodic expense:


	Retirement Plan Benefits						Post Retirement Benefits
	Three Months Ended September 30,						Three Months Ended September 30,
(in thousands)	2009			2008			2009			2008
Expected return on plan assets	$	(8,547	)	$	(8,662	)	$	—		$	—
Benefits earned during period		5,003			5,501			79			64
Interest accrued on benefit obligation		9,268			9,759			240			240
Amortization (A):
Prior service cost		2,249			2,159			(43	)		(43	)
Recognized actuarial (gain) loss		1,298			1,188			(107	)		(116	)
Transition obligation		(10	)		(18	)		—			—

Net periodic expense	$	9,261		$	9,927		$	169		$	145


	Retirement Plan Benefits						Post Retirement Benefits
	Nine Months Ended September 30,						Nine Months Ended September 30,
(in thousands)	2009			2008			2009			2008
Expected return on plan assets	$	(25,641	)	$	(25,986	)	$	—		$	—
Benefits earned during period		15,009			16,504			237			267
Interest accrued on benefit obligation		27,804			29,277			720			828
Curtailment gain		(337	)		—			—			—
Amortization (A):
Prior service cost		6,747			6,477			(129	)		(129	)
Recognized actuarial (gain) loss		3,894			3,564			(321	)		(94	)
Transition obligation		(30	)		(53	)		—			—

Net periodic expense (benefit)	$	27,446		$	29,783		$	507		$	872


(A)		A portion of the current year amortization amounts are recorded as increases (decreases) to Accumulated Other Comprehensive Income totaling approximately $2.7 million, net of tax, and $2.0 million, net of tax, for the three month periods ended September 30, 2009 and 2008, respectively, and $7.3 million, net of tax, and $6.0 million, net of tax, for the nine month periods ended September 30, 2009 and 2008, respectively.

Comprehensive Earnings

9 Months Ended

Sep. 30, 2009

Comprehensive Earnings [Abstract]

Comprehensive Earnings

11. Comprehensive Earnings

Comprehensive earnings were as follows:


	Three months Ended September 30,						Nine Months Ended September 30,
(in thousands)	2009			2008			2009		2008

Net Earnings	$	106,884		$	187,650		$	257,390	$	470,104

Foreign currency translation adjustment		70,511			(95,326	)		104,028		(18,996	)
Unrealized holding gains (losses), net of tax		19			(511	)		118		(717	)
Derivative cash flow hedges, net of tax		(112	)		(659	)		913		458
Pension amortization, net of tax		2,673			1,966			7,289		5,954


Comprehensive Earnings	$	179,975		$	93,120		$	369,738	$	456,803

Segment Information

9 Months Ended

Sep. 30, 2009

Segment Information [Abstract]

Segment Information

12. Segment Information:

The Company has four reportable segments which are based on management’s reporting structure used to evaluate performance. Segment financial information and a reconciliation of segment results to consolidated results follows:


	Three months ended September 30						Nine Months Ended September 30,
(in thousands)	2009			2008			2009			2008
REVENUE
Industrial Products	$	396,040		$	629,611		$	1,213,779		$	1,895,391
Engineered Systems		520,693			524,646			1,388,894			1,562,597
Fluid Management		309,247			451,682			935,289			1,299,611
Electronic Technologies		275,266			362,446			735,254			1,094,161
Intra — segment eliminations		(1,635	)		(2,609	)		(4,188	)		(9,520	)

Total consolidated revenue	$	1,499,611		$	1,965,776		$	4,269,028		$	5,842,240

EARNINGS FROM CONTINUING OPERATIONS
Segment Earnings:
Industrial Products	$	38,119		$	74,690		$	98,084		$	241,453
Engineered Systems		78,194			82,032			178,961			225,073
Fluid Management		60,677			102,232			191,692			285,249
Electronic Technologies		38,160			53,826			44,043			141,089

Total segments		215,150			312,780			512,780			892,864
Corporate expense / other		(34,106	)		(30,785	)		(88,412	)		(85,729	)
Net interest expense		(26,299	)		(25,924	)		(73,537	)		(76,743	)

Earnings from continuing operations before provision for income taxes and discontinued operations		154,745			256,071			350,831			730,392
Provision for income taxes		47,261			65,736			81,378			205,216

Earnings from continuing operations — total consolidated	$	107,484		$	190,335		$	269,453		$	525,176

Recent Accounting Standards	9 Months Ended
Recent Accounting Standards	Sep. 30, 2009
Recent Accounting Standards [Abstract]
Recent Accounting Standards	13. Recent Accounting Standards In September 2006, the FASB issued authoritative guidance under ASC 820 which defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles (GAAP), and expands disclosures about fair value measurements. For financial assets and liabilities, this guidance was effective for fiscal periods beginning after November 15, 2007 and did not require any new fair value measurements. The adoption of this guidance on January 1, 2008 did not have a material effect on the Company’s consolidated financial statements. In February 2008, the FASB delayed the effective date for nonfinancial assets and liabilities to fiscal years beginning after November 15, 2008, except for items that are recognized or disclosed at fair value in the financial statements on a recurring basis (at least annually). The adoption of the provisions of ASC 820 related to “non-financial assets” did not have a material effect on the Company’s consolidated financial statements. In December 2007, the FASB issued authoritative guidance under ASC 805 which retains the fundamental requirements that the acquisition method of accounting (the purchase method) be used for all business combinations and for an acquirer to be identified for each business combination. In general, the statement 1) extends its applicability to all events where one entity obtains control over one or more other businesses, 2) broadens the use of fair value measurements used to recognize the assets acquired and liabilities assumed, 3) changes the accounting for acquisition related fees and restructuring costs incurred in connection with an acquisition, and 4) increases required disclosures. The Company has applied the provisions of this guidance prospectively to business combinations for which the acquisition date is on or after January 1, 2009. The impact of ASC 805 did not have a material effect on the Company’s consolidated financial statements since its adoption. In March 2008, the FASB issued authoritative guidance under ASC 815 which provides users of financial statements with an enhanced understanding of an entity’s derivative activity. The Company adopted this guidance as of January 1, 2009 and has included related disclosures in Note 8. In April 2008, the FASB issued authoritative guidance under ASC 350 and ASC 275 to improve the consistency between the useful life of a recognized intangible asset and the period of expected cash flows used to measure the fair value of the intangible assets. ASC 350 and ASC 275 amend the factors to be considered when developing renewal or extension assumptions that are used to estimate an intangible asset’s useful life. The guidance is to be applied prospectively to intangible assets acquired after December 31, 2008. In addition, ASC 350 and ASC 275 increase the disclosure requirements related to renewal or extension assumptions. The Company has applied the provisions of this guidance to business combinations for which the acquisition date is on or after January 1, 2009. The impact of ASC 350 and ASC 275 did not have a material effect on the Company’s consolidated financial statements since its adoption. In December 2008, the FASB issued authoritative guidance under ASC 715 which amends the disclosure requirements about plan assets of a defined pension or other postretirement plan. The provisions of this guidance require disclosure of 1) how investment allocation decisions are made, including factors that are pertinent to an understanding of the investment policies and strategies, 2) the fair value of each major category of plan assets, 3) the inputs and valuation techniques used to determine fair value and 4) an understanding of significant concentration of risk in plan assets. The provisions of this guidance become effective for fiscal years ending after December 15, 2009 and are to be applied prospectively. The adoption of the amendments under ASC 715 will not have a material impact on the Company’s consolidated financial statements. In April 2009, the FASB issued authoritative guidance under ASC 825 to require disclosures about fair value of financial instruments not measured on the balance sheet at fair value in interim financial statements as well as in annual financial statements. The provisions of this guidance require all entities to disclose the methods and significant assumptions used to estimate the fair value of financial instruments. ASC 825 is effective for interim periods ended after June 15, 2009 and does not require comparative disclosure for earlier periods presented upon initial adoption. The adoption of ASC 825 did not have a material effect on the Company’s consolidated financial statements. In April 2009, the FASB issued authoritative guidance under ASC 805. The provisions of ASC 805 provide guidance for the initial recognition and measurement, subsequent measurement and accounting, and disclosures for assets and liabilities arising from contingencies in business combinations. ASC 805 eliminates the distinction between contractual and non-contractual contingencies. The Company has applied the provisions of this guidance prospectively to business combinations for which the acquisition date is on or after January 1, 2009. The impact of ASC 805 did not have a material effect on the Company’s consolidated financial statements since its adoption. In May 2009, the FASB issued authoritative guidance under ASC 855 which establishes general standards of accounting for and disclosures of events that occur after the balance sheet date but before financial statements are issued or are available to be issued. ASC 855 became effective for interim or annual financial periods ending after June 15, 2009 and was adopted in the second quarter of 2009. The adoption of ASC 855 did not have a material effect on the Company’s consolidated financial statements. In June 2009, the FASB issued authoritative guidance under ASC 105 which establishes the FASB Accounting Standards Codification (“Codification”) as the source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements in conformity with generally accepted accounting principles. ASC 105 became effective for financial statements issued for interim periods ended after September 15, 2009. All content within the Codification carries the same level of authority. The adoption of ASC 105 did not have a material effect on the Company’s consolidated financial statements.

Equity and Cash Incentive Program

9 Months Ended

Sep. 30, 2009

Equity and Cash Incentive Program [Abstract]

Equity and Cash Incentive Program

14. Equity and Cash Incentive Program

In the first and second quarters of 2009, the Company issued stock appreciation rights (“SARs”) covering 2,795,755 and 29,577 shares, respectively. During the second quarter of 2009, after the shareholders approved certain plan changes detailed in the Company’s Proxy Statement, the Company issued 75,892 performance shares. In the first quarter of 2008, the Company issued 2,234,942 SARs.

For the nine months ended September 30, 2009 and 2008, after-tax stock-based compensation expense totaled $9.7 million and $14.2 million, respectively.

The fair value of each SAR grant was estimated on the date of the grant using the Black-Scholes option pricing model and the performance share grant was estimated on the date of grant using a Monte Carlo simulation pricing model. The following assumptions were used in determining fair value:

First Quarter 2009 and 2008 SAR Grants:


	2009 Grant			2008 Grant
	SARs			SARs
Risk-free interest rate		2.06	%		3.21	%
Dividend yield		3.23	%		1.86	%
Expected life (years)		6.5			6.5
Volatility		30.47	%		26.09	%
Option grant price	$	29.45		$	42.30
Fair value of options granted	$	6.58		$	10.97

Second Quarter 2009 SAR and 2009 Performance Share Grants


				Performance
	SARs			Shares
Risk-free interest rate		3.44	%		1.30	%
Dividend yield		2.82	%		2.93	%
Expected life (years)		6.5			2.7
Volatility		32.20	%		39.57	%
Option grant price	$	35.50		$	32.47
Fair value of options granted	$	9.82		$	35.79

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2009
Subsequent Events [Abstract]
Subsequent Events	15. Subsequent Events The Company assessed events occurring subsequent to September 30, 2009 through October 23, 2009 for potential recognition and disclosure in the consolidated financial statements. No events have occurred that would require adjustment to or disclosure in the consolidated financial statements which were issued on October 23, 2009.

Label	Element	Value
Stock Issued During Period, Value, Stock Options Exercised	us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised	$ 5,072,000
Cumulative Effect of Initial Adoption of SFAS 158	us-gaap_CumulativeEffectOfInitialAdoptionOfSFAS158	7,289,000
Other Comprehensive Income, Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	1,031,000
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition, Value	us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	13,944,000
Tax Benefit From Exercise Stock Options	dov_TaxBenefitFromExerciseStockOptions	225,000
Dividends, Common Stock, Cash	us-gaap_DividendsCommonStockCash	(141,431,000)
Other Comprehensive Income, Foreign Currency Transaction and Translation Adjustment, Net of Tax, Period Increase (Decrease)	us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease	$ 104,028,000