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Document and Company Information - USD ($)	6 Months Ended
Document and Company Information - USD ($)	Jun. 30, 2009	Jul. 17, 2009	Jun. 30, 2008
Document and Company Information [Abstract]
Entity Registrant Name	Dover Corporation
Entity Central Index Key	0000029905
Document Type	10-Q
Document Period End Date	Jun. 30, 2009
Amendment Flag	false
Amendment Description	N/A
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)		186,135,290

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2009	Jun. 30, 2008	Jun. 30, 2009	Jun. 30, 2008
Statement [Line Items]
Revenue	$ 1,390,331	$ 2,010,978	$ 2,769,417	$ 3,876,464
Cost of goods and services	897,021	1,271,359	1,793,963	2,457,299
Gross profit	493,310	739,619	975,454	1,419,165
Selling and administrative expenses	364,962	446,531	732,352	890,306
Operating earnings	128,348	293,088	243,102	528,859
Interest expense, net	24,840	27,388	47,238	50,819
Other expense (income), net	1,513	1,186	(223)	3,719
Total interest/other expense, net	26,353	28,574	47,015	54,538
Earnings before provision for income taxes and discontinued operations	101,995	264,514	196,087	474,321
Provision for income taxes	1,121	77,604	34,118	139,480
Earnings from continuing operations	100,874	186,910	161,969	334,841
Loss from discontinued operations, net	(3,794)	(51,634)	(11,463)	(52,387)
Net earnings	$ 97,080	$ 135,276	$ 150,506	$ 282,454
Basic earnings (loss) per common share:
Earnings from continuing operations	$ 0.54	$ 0.99	$ 0.87	$ 1.76
Loss from discontinued operations, net	(0.02)	(0.27)	(0.06)	(0.27)
Net earnings	$ 0.52	$ 0.72	$ 0.81	$ 1.48
Weighted average shares outstanding	186,070	189,094	186,041	190,760
Diluted earnings (loss) per common share:
Earnings from continuing operations	$ 0.54	$ 0.98	$ 0.87	$ 1.74
Loss from discontinued operations, net	(0.02)	(0.27)	(0.06)	(0.27)
Net earnings	$ 0.52	$ 0.71	$ 0.81	$ 1.47
Weighted average shares outstanding - Diluted	186,292	190,589	186,198	191,966
Dividends paid per common share	$ 0.25	$ 0.2	$ 0.5	$ 0.4
The following table is a reconciliation of the share amounts used in computing earnings per share:
Weighted average shares outstanding - Basic	186,070	189,094	186,041	190,760
Dilutive effect of assumed exercise of employee stock options/SAR's	222	1,495	157	1,206
Weighted average shares outstanding - Diluted	186,292	190,589	186,198	191,966
Anti-dilutive options/SAR's excluded from diluted EPS computation	13,365	3,778	13,538	3,778

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2009	Dec. 31, 2008
Current assets:
Cash and equivalents	$ 693,560	$ 547,409
Short-term investments	142,544	279,460
Receivables, net of allowances of $39,169 and $32,647	872,193	1,013,174
Inventories, net	592,160	636,121
Prepaid and other current assets	105,846	80,268
Deferred tax asset	74,015	73,687
Total current assets	2,480,318	2,630,119
Property, plant and equipment, net	849,466	872,134
Goodwill	3,256,503	3,255,566
Intangible assets, net	917,063	952,409
Other assets and deferred charges	112,079	103,904
Assets of discontinued operations	55,025	69,106
Total assets	7,670,454	7,883,238
Current liabilities:
Notes payable and current maturities of long-term debt	134,044	224,944
Accounts payable	348,971	373,436
Accrued compensation and employee benefits	179,739	305,572
Accrued insurance	107,777	104,938
Other accrued expenses	215,824	209,619
Federal and other taxes on income	14,135	35,005
Total current liabilities	1,000,490	1,253,514
Long-term debt	1,844,741	1,860,729
Deferred income taxes	328,437	314,405
Other deferrals	533,918	582,601
Liabilities of discontinued operations	58,960	79,123
Commitments and contingent liabilities
Stockholders' Equity:
Total stockholders' equity	3,903,908	3,792,866
Total liabilities and stockholders' equity	$ 7,670,454	$ 7,883,238

Condensed Consolidated Statement of Stockholders Equity - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2009	Jun. 30, 2009
Statement [Line Items]
Beginning Balance		$ 3,792,866
Net earnings	$ 97,080	150,506
Dividends paid		(93,033)
Common stock issued for options exercised		4,212
Tax benefit from the exercise of stock options		(245)
Stock-based compensation expense		10,345
Translation of foreign financial statements		33,517
Unrealized holding gains, net of tax		1,124
SFAS 158 amortization, net of tax		4,616
Ending Balance	3,903,908	3,903,908
Other Comprehensive Earnings (Loss)
Statement [Line Items]
Beginning Balance		10,816
Translation of foreign financial statements		33,517
Unrealized holding gains, net of tax		1,124
SFAS 158 amortization, net of tax		4,616
Ending Balance	50,073	50,073
Common Stock $1 Par Value
Statement [Line Items]
Beginning Balance		246,615
Common stock issued for options exercised		139
Ending Balance	246,754	246,754
Additional Paid-in Capital
Statement [Line Items]
Beginning Balance		455,228
Common stock issued for options exercised		4,073
Tax benefit from the exercise of stock options		(245)
Stock-based compensation expense		10,345
Ending Balance	469,401	469,401
Treasury Stock
Statement [Line Items]
Beginning Balance		(2,206,251)
Ending Balance	(2,206,251)	(2,206,251)
Retained Earnings
Statement [Line Items]
Beginning Balance		5,286,458
Net earnings		150,506
Dividends paid		(93,033)
Ending Balance	$ 5,343,931	$ 5,343,931

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2009	Jun. 30, 2008
Operating Activities of Continuing Operations
Net earnings	$ 150,506	$ 282,454
Adjustments to reconcile net earnings to net cash provided by operating activities:
Loss from discontinued operations	11,463	52,387
Depreciation and amortization	127,560	130,714
Stock-based compensation	11,039	14,033
Changes in current assets and liabilities (excluding effects of acquisitions, dispositions and foreign exchange):
Decrease (increase) in accounts receivable	152,340	(91,411)
Decrease (increase) in inventories	58,915	(9,600)
(Increase) decrease in prepaid expenses and other assets	(24,665)	7,313
(Decrease) increase in accounts payable	(26,839)	47,779
Decrease in accrued expenses	(119,433)	(51,063)
Decrease in accrued and deferred taxes, net	(14,512)	(1,648)
Other non-current, net	(19,072)	5,020
Net cash provided by operating activities of continuing operations	307,302	385,978
Investing Activities of Continuing Operations
Purchase of short-term investments	(96,193)	0
Proceeds from sale of short-term investments	226,794	0
Proceeds from the sale of property and equipment	8,727	4,620
Additions to property, plant and equipment	(58,451)	(85,115)
Proceeds from sales of businesses	1,375	8,000
Acquisitions (net of cash and cash equivalents acquired)	(34,288)	(99,751)
Net cash provided by (used in) investing activities of continuing operations	47,964	(172,246)
Financing Activities of Continuing Operations
Decrease in notes payable, net	(92,270)	(175,830)
Reduction of long-term debt	(14,545)	(166,606)
Proceeds from long-term debt	0	594,120
Purchase of treasury stock	0	(352,393)
Proceeds from exercise of stock options, including tax benefits	3,966	61,549
Dividends to stockholders	(93,033)	(76,300)
Net cash used in financing activities of continuing operations	(195,882)	(115,460)
Cash Flows From Discontinued Operations
Net cash (used in) provided by operating activities of discontinued operations	(18,664)	8,465
Net cash (used in) investing activities of discontinued operations	(244)	(1,603)
Net cash (used in) provided by discontinued operations	(18,908)	6,862
Effect of exchange rate changes on cash	5,675	31,374
Net increase in cash and cash equivalents	146,151	136,508
Cash and cash equivalents at beginning of period	547,409	606,105
Cash and cash equivalents at end of period	$ 693,560	$ 742,613

Acquisitions

6 Months Ended

Jun. 30, 2009

Acquisitions [Abstract]

Acquisitions

2. Acquisitions

The 2009 acquisition is wholly-owned and had an aggregate cost of $34.3 million, net of cash acquired, at the date of acquisition. The following table details the acquisition made during 2009.

2009 Acquisition

Date

Type

Acquired Companies

Location (Near)

Segment

Platform

Company

8-May

Asset

Tyler Refrigeration

Niles, MI

Engineered Systems

Engineered Products

Hill PHOENIX

For the Tyler acquisition, the Company is in the process of finalizing an appraisal 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 business becomes known. Accordingly, management has used its best estimate in the initial purchase price allocation as of the date of these financial statements.

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


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share figures)	2009		2008		2009		2008
Revenue from continuing operations:
As reported	$	1,390,331	$	2,010,978	$	2,769,417	$	3,876,464
Pro forma		1,411,800		2,067,430		2,845,155		4,000,384
Net earnings from continuing operations:
As reported	$	100,874	$	186,910	$	161,969	$	334,841
Pro forma		101,200		189,123		163,118		340,223
Basic earnings per share from continuing operations:
As reported	$	0.54	$	0.99	$	0.87	$	1.76
Pro forma		0.54		1.00		0.88		1.78
Diluted earnings per share from continuing operations:
As reported	$	0.54	$	0.98	$	0.87	$	1.74
Pro forma		0.54		0.99		0.88		1.77

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 $26.4 million and $27.9 million at June 30, 2009 and December 31, 2008, respectively. The reserves were recorded as of the date of acquisition and in accordance with the provisions of Emerging Issues Task Force Issue No. 95-3, “Recognition of Liabilities in Connection with a Purchase Business Combination.” During the six months ended June 30, 2009, the reserves were reduced by payments of $1.7 million.

Discontinued Operations

6 Months Ended

Jun. 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 quarter of 2009 were nominal.

2008

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 other adjustments.

During 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 June 30,						Six Months Ended June 30,
(in thousands)	2009			2008			2009			2008
Revenue	$	13,457		$	26,354		$	26,333		$	53,119


Loss on sale, net of taxes (1)	$	(9	)	$	(50,993	)	$	(7,454	)	$	(52,972	)

Loss from operations before taxes		(2,912	)		(823	)		(2,884	)		(18	)
Benefit (provision) for income taxes		(873	)		182			(1,125	)		603

Loss from discontinued operations, net of tax	$	(3,794	)	$	(51,634	)	$	(11,463	)	$	(52,387	)


(1)		Includes impairments and other adjustments to previously sold discontinued operations.

At June 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 June 30,		At December 31,
(in thousands)	2009		2008
Assets of Discontinued Operations
Current assets	$	32,644	$	32,498
Non-current assets		22,381		36,608

	$	55,025	$	69,106


Liabilities of Discontinued Operations
Current liabilities	$	8,182	$	13,371
Non-current liabilities		50,778		65,752

	$	58,960	$	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	6 Months Ended
Hedging Activities and Debt	Jun. 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 Statement of Financial Accounting Standards (“SFAS”) No. 133, “Accounting for Derivative Instruments and Hedging Activities” and related amendments and interpretations, 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, 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, the effective portions of changes in the fair value of the derivative are recorded in other comprehensive earnings 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 June 30, 2009 was a loss of $10.4 million which was based on quoted market prices for similar instruments (using Level 2 inputs under the SFAS No. 157 hierarchy). The change in fair value of this hedge, which was not significant during the first six months of 2009, is recorded in Other Expense (Income), net and the $10.4 million is recorded 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 to Dover. Debt The Company’s long-term debt with a book value of $1,878.4 million, of which $33.6 million matures in less than one year, had a fair value of approximately $1,879.2 million at June 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, Dover 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 Dover’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 Dover 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, Dover 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

6 Months Ended

Jun. 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 June 30, 2009 and 2008 are as follows:


(in thousands)	2009			2008
Beginning Balance January 1	$	56,137		$	55,437
Provision for warranties		15,219			21,608
Increase from acquisitions/dispositions		2,737			100
Settlements made		(16,924	)		(18,712	)
Other adjustments		66			649

Ending Balance June 30	$	57,235		$	59,082

From time to time, the Company will initiate various restructuring programs at its operating companies or record severance and other restructuring costs in connection with purchase accounting for acquisitions prior to January 1, 2009 (see Note 2 for additional detail). In the second half of 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 second quarter of 2009, $5.1 million and $13.4 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 six months ended June 30, 2009, $17.9 million and $35.8 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		41,320			12,306			53,626
Payments		(28,610	)		(4,784	)		(33,394	)
Other, including impairments		1,875			(4,150	)		(2,275	)

At June 30, 2009 (B)	$	21,788		$	27,126		$	48,914


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

(B)		Includes $26.4 million related to purchase accounting accruals.

Recent Accounting Standards	6 Months Ended
Recent Accounting Standards	Jun. 30, 2009
Recent Accounting Standards [Abstract]
Recent Accounting Standards	13. Recent Accounting Standards In September 2006, the FASB issued SFAS No. 157, “Fair Value Measurements” (“SFAS No. 157”), 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 statement was effective for fiscal periods beginning after November 15, 2007 and did not require any new fair value measurements. The adoption of SFAS No. 157 on January 1, 2008 did not have a material effect on the Company’s consolidated financial statements. In February 2008, the FASB Staff Position No. 157-2 was issued which delayed the effective date of FASB Statement No. 157 to fiscal years beginning after November 15, 2008 for nonfinancial assets and liabilities, 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 SFAS No. 157 related to “non-financial assets” did not have a material effect on the Company’s consolidated financial statements. In December 2007, the FASB issued SFAS No. 141 (revised 2007), “Business Combinations” (“SFAS No. 141(R)”). SFAS No. 141(R) retains the fundamental requirements in Statement 141 that the acquisition method of accounting (which Statement 141 called 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) broadens the guidance of SFAS No. 141, extending 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 statement prospectively to business combinations for which the acquisition date is on or after January 1, 2009. The impact of SFAS No. 141(R) did not have a material effect on the Company’s consolidated financial statements since its adoption. In December 2007, the FASB issued SFAS No. 160, “Noncontrolling Interests in Consolidated Financial Statements—an amendment of ARB No. 51” (“SFAS No. 160”). SFAS No. 160 requires that a noncontrolling interest in a subsidiary be reported as equity and the amount of consolidated net income specifically attributable to the noncontrolling interest be identified in the consolidated financial statements. It also requires consistency in the manner of reporting changes in the parent’s ownership interest and requires fair value measurement of any noncontrolling equity investment retained in a deconsolidation. The Company has applied the provisions of this statement prospectively, as required, beginning on January 1, 2009. The adoption of SFAS No. 160 did not have a material effect on the Company’s consolidated financial statements. In March 2008, the FASB issued SFAS No. 161, “Disclosures about Derivative Instruments and Hedging Activities, an amendment of FASB Statement No. 133” (“SFAS No. 161”). SFAS No. 161 amends and expands the disclosure requirements of SFAS No. 133 with the intent to provide users of financial statements with an enhanced understanding of an entity’s derivative activity. The Company adopted this standard as of January 1, 2009 and has included related disclosures in Note 8. In April 2008, the FASB issued FASB Staff Position No. 142-3 “Determination of the Useful Life of Intangible Assets” (“FSP No. 142-3”) to improve the consistency between the useful life of a recognized intangible asset (under SFAS No. 142) and the period of expected cash flows used to measure the fair value of the intangible asset (under SFAS No. 141(R)). FSP No. 142-3 amends the factors to be considered when developing renewal or extension assumptions that are used to estimate an intangible asset’s useful life under SFAS No. 142. The guidance in the new staff position is to be applied prospectively to intangible assets acquired after December 31, 2008. In addition, FSP No. 142-3 increases the disclosure requirements related to renewal or extension assumptions. The Company has applied the provisions of this statement to business combinations for which the acquisition date is on or after January 1, 2009. The impact of FSP No. 142-3 did not have a material effect on the Company’s consolidated financial statements since its adoption. In May 2008, the FASB issued SFAS No. 162, “The Hierarchy of Generally Accepted Accounting Principles” (“SFAS No. 162”). This statement identifies the sources of accounting principles and the framework for selecting the principles to be used in the preparation of financial statements of nongovernmental entities that are presented in conformity with generally accepted accounting principles (GAAP) in the United States (the GAAP hierarchy). This Statement was effective 60 days following the SEC’s approval of the Public Company Accounting Oversight Board amendments to AU Section 411, “The Meaning of Present Fairly in Conformity With Generally Accepted Accounting Principles.” The adoption of this statement did not have a material effect on the Company’s consolidated financial statements. In April 2009, the FASB issued FASB Staff Position SFAS No. 107-1 and APB No. 28-1, “Interim Disclosures about Fair Value of Financial Instruments” (“FSP No. 107-1 and APB No. 28-1”). This FSP amends SFAS No. 107, “Disclosures about Fair Value of Financial Instruments” and APB Opinion No. 28, “Interim Financial Reporting”, 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. FSP No. 107-1 and APB No. 28-1 applies to all financial instruments within the scope of SFAS No. 107 and requires all entities to disclose the methods and significant assumptions used to estimate the fair value of financial instruments. FSP No. 107-1 and APB No. 28-1 is effective for interim periods ending after June 15, 2009 and does not require comparative disclosure for earlier periods presented upon initial adoption. The adoption of this FSP did not have a material effect on the Company’s consolidated financial statements. In April 2009, the FASB issued FSP No. 141R-1 “Accounting for Assets Acquired and Liabilities Assumed in a Business Combination That Arise from Contingencies” (“FSP No. 141R-1”). FSP No. 141R-1 amends the provisions in SFAS 141(R) for the initial recognition and measurement, subsequent measurement and accounting, and disclosures for assets and liabilities arising from contingencies in business combinations. FSP No. 141R-1 eliminates the distinction between contractual and non-contractual contingencies, including the initial recognition and measurement criteria in SFAS 141(R) and instead carries forward most of the provisions in SFAS 141 for acquired contingencies. The Company has applied the provisions of this statement prospectively to business combinations for which the acquisition date is on or after January 1, 2009. The impact of FSP No. 141R-1 did not have a material effect on the Company’s consolidated financial statements since its adoption. In May 2009, the FASB issued SFAS No. 165, “Subsequent Events” (“SFAS No. 165”). SFAS No. 165 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. SFAS No. 165 is effective for interim or annual financial periods ending after June 15, 2009 and was adopted by the Company in the second quarter of 2009. The adoption of SFAS No. 165 did not have a material effect on the Company’s consolidated financial statements. In June 2009, the FASB issued SFAS No. 167, “Amendments to FASB Interpretation No. 46(R)” (“SFAS No. 167”). SFAS No. 167 amends FIN 46(R), “Consolidation of Variable Interest Entities (revised December 2003)—an interpretation of ARB No. 51” (“FIN 46(R)”) to require an enterprise to perform an analysis to determine whether the enterprise’s variable interest or interests give it a controlling financial interest in a variable interest entity. This analysis identifies the primary beneficiary of a variable interest entity as one with the power to direct the activities of a variable interest entity that most significantly impact the entity’s economic performance and the obligation to absorb losses of the entity that could potentially be significant to the variable interest. SFAS No. 167 will be effective as of the beginning of the annual reporting period commencing after November 15, 2009 and will be adopted by the Company in the first quarter of 2010. The Company is assessing the potential impact, if any, of the adoption of SFAS No. 167 on its consolidated financial statements.

Equity and Cash Incentive Program	6 Months Ended
Equity and Cash Incentive Program	Jun. 30, 2009
Equity and Cash Incentive Program [Abstract]
Equity and Cash Incentive Program	<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" - --> <html> <head></head> <body> <!-- Begin Block Tagged Note 14 - us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock--> <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><u><b>14. Equity and Cash Incentive Program</b></u> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In the first quarter of 2009, the Company issued stock appreciation rights (“SARs”) covering 3,099,326 shares, of which a portion could potentially be converted to performance shares subject to shareholder approval of certain plan changes detailed in Dover’s Proxy Statement. During the second quarter of 2009, the shareholders approved the plan changes and 303,571 SARs were converted into 75,892 performance shares. The modification of the SARs for this conversion did not have material impact on the consolidated results of operations. Additionally, in the second quarter of 2009, 29,577 SARs were granted. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">In the first quarter of 2008, 2,234,942 SARs were issued. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">For the six months ended June 30, 2009 and 2008, after-tax stock-based compensation expense totaled $7.2 million and $9.1 million, respectively. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The fair value of each SAR grant was estimated on the dates 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 with the following assumptions: </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>First Quarter 2009 and 2008 SAR Grant:</b> </div> <div align="center"> <table style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%"> <!-- Begin Table Head --> <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>2009 Grant</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>2008 Grant</b></td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>SARs</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>SARs</b></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Risk-free interest rate </div></td> <td> </td> <td nowrap="nowrap" align="right"> </td> <td align="right">2.06</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="right"> </td> <td align="right">3.21</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Dividend yield </div></td> <td> </td> <td nowrap="nowrap" align="right"> </td> <td align="right">3.23</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="right"> </td> <td align="right">1.86</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Expected life (years) </div></td> <td> </td> <td> </td> <td align="right">6.5</td> <td> </td> <td> </td> <td> </td> <td align="right">6.5</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Volatility </div></td> <td> </td> <td nowrap="nowrap" align="right"> </td> <td align="right">30.47</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="right"> </td> <td align="right">26.09</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Option grant price </div></td> <td> </td> <td align="right">$</td> <td align="right">29.45</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">42.30</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Fair value of SARs granted </div></td> <td> </td> <td align="right">$</td> <td align="right">6.58</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">10.97</td> <td> </td> </tr> <!-- End Table Body --> </table> </div> <!-- Folio --> <!-- /Folio --> </div> <!-- PAGEBREAK --> <div style="font-family: Helvetica,Arial,sans-serif"> <div align="center" style="font-size: 10pt; margin-top: 0pt"> <b> </b> </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Second Quarter 2009 SAR and 2009 Performance Share Grants</b> </div> <div align="center"> <table style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%"> <!-- Begin Table Head --> <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="3%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="3"><b>Performance</b></td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>SARs</b></td> <td> </td> <td nowrap="nowrap" align="center" colspan="3" style="border-bottom: 1px solid #000000"><b>Shares</b></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Risk-free interest rate </div></td> <td> </td> <td nowrap="nowrap" align="right"> </td> <td align="right">3.44</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="right"> </td> <td align="right">1.23</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Dividend yield </div></td> <td> </td> <td nowrap="nowrap" align="right"> </td> <td align="right">2.82</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="right"> </td> <td align="right">3.23</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Expected life (years) </div></td> <td> </td> <td> </td> <td align="right">6.5</td> <td> </td> <td> </td> <td> </td> <td align="right">2.9</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Volatility </div></td> <td> </td> <td nowrap="nowrap" align="right"> </td> <td align="right">32.20</td> <td nowrap="nowrap">%</td> <td> </td> <td nowrap="nowrap" align="right"> </td> <td align="right">30.24</td> <td nowrap="nowrap">%</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Option grant price </div></td> <td> </td> <td align="right">$</td> <td align="right">35.50</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">29.45</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Fair value of SARs/Shares granted </div></td> <td> </td> <td align="right">$</td> <td align="right">9.82</td> <td> </td> <td> </td> <td align="right">$</td> <td align="right">32.80</td> <td> </td> </tr> <!-- End Table Body --> </table> </div> </div> </body> </html>

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2009	Dec. 31, 2008
Statement [Line Items]
Allowance for doubtful accounts receivable	$ 39,169	$ 32,647

Basis of Presentation	6 Months Ended
Basis of Presentation	Jun. 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 (“Dover” or the “Company”) Annual Report on Form 10-K for the year ended December 31, 2008, which provides a more complete understanding of Dover’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.

Income Taxes	6 Months Ended
Income Taxes	Jun. 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 six months ended June 30, 2009 were 1.1% and 17.4% compared to the prior year rates of 29.3% and 29.4%, respectively. The effective tax rates for the three and six months ended June 30, 2009 were favorably impacted by $28.4 million of net benefits recognized for tax positions that were effectively settled in the quarter.

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2009
Subsequent Events [Abstract]
Subsequent Events	15. Subsequent Events The Company assessed events occurring subsequent to June 30, 2009 through July 24, 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 July 24, 2009.