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Document and Entity Information - USD ($)	3 Months Ended
Document and Entity Information - USD ($)	Mar. 31, 2010	Apr. 16, 2010	Jun. 30, 2009
Document and Entity Information [Abstract]
Entity Registrant Name	DOVER CORP
Entity Central Index Key	0000029905
Document Type	10-Q
Document Period End Date	Mar. 31, 2010
Amendment Flag	false
Document Fiscal Year Focus	2010
Document Fiscal Period Focus	Q1
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			$ 6,159,218,863
Entity Common Stock, Shares Outstanding (actual number)		186,759,146

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2010	Mar. 31, 2009
Condensed Consolidated Statements of Operations
Revenue	$ 1,583,270	$ 1,379,085
Cost of goods and services	971,114	896,942
Gross profit	612,156	482,143
Selling and administrative expenses	409,169	367,390
Operating earnings	202,987	114,753
Interest expense, net	27,169	22,398
Other income, net	(1,242)	(1,736)
Total interest/other income, net	25,927	20,662
Earnings before provision for income taxes and discontinued operations	177,060	94,091
Provision for income taxes	55,575	32,997
Earnings from continuing operations	121,485	61,094
Loss from discontinued operations, net	(13,359)	(7,669)
Net earnings	$ 108,126	$ 53,425
Basic earnings (loss) per common share:
Earnings from continuing operations	$ 0.65	$ 0.33
Loss from discontinued operations, net	(0.07)	(0.04)
Net earnings	$ 0.58	$ 0.29
Weighted average shares outstanding	187,093	186,011
Diluted earnings (loss) per common share:
Earnings from continuing operations	$ 0.65	$ 0.33
Loss from discontinued operations, net	(0.07)	(0.04)
Net earnings	$ 0.58	$ 0.29
Weighted average shares outstanding	187,886	186,121
Dividends paid per common share	$ 0.26	$ 0.25
Weighted average shares outstanding - Basic	187,093	186,011
Dilutive effect of assumed exercise of employee stock options, SAR's, and performance shares	793	110
Weighted average shares outstanding - Diluted	187,886	186,121
Anti-dilutive options, SAR's, and performance shares excluded from diluted EPS computation	2,928	11,104

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2010	Dec. 31, 2009
Current assets:
Cash and equivalents	$ 690,295	$ 714,365
Short-term investments	321,709	223,809
Receivables, net of allowances of $39,873 and $41,832	990,405	878,754
Inventories, net	619,528	570,858
Prepaid and other current assets	59,579	64,922
Deferred tax asset	74,186	69,999
Total current assets	2,755,702	2,522,707
Property, plant and equipment, net	822,636	828,922
Goodwill, net	3,319,833	3,350,217
Intangible assets, net	935,998	950,748
Other assets and deferred charges	112,365	113,108
Assets of discontinued operations	80,367	116,701
Total assets	8,026,901	7,882,403
Current liabilities:
Notes payable and current maturities of long-term debt	162,937	35,624
Accounts payable	437,597	357,004
Accrued compensation and employee benefits	172,979	210,804
Accrued insurance	106,357	107,455
Other accrued expenses	215,781	219,295
Federal and other taxes on income	90,803	38,994
Total current liabilities	1,186,454	969,176
Long-term debt	1,825,196	1,825,260
Deferred income taxes	292,248	292,344
Other deferrals	545,674	573,137
Liabilities of discontinued operations	$ 120,738	$ 138,878
Commitments and contingent liabilities
Stockholders' Equity:
Total stockholders' equity	$ 4,056,591	$ 4,083,608
Total liabilities and stockholders' equity	$ 8,026,901	$ 7,882,403

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2010	Dec. 31, 2009
Current assets:
Allowance for doubtful accounts receivable	$ 39,873	$ 41,832

Condensed Consolidated Statement of Stockholders Equity (Unaudited) $ in Thousands	3 Months Ended
	Mar. 31, 2010 USD ($)
Statement [Line Items]
Beginning Balance	$ 4,083,608
Net earnings	108,126
Dividends paid	(48,696)
Common stock issued for options exercised	18,814
Tax benefit from the exercise of stock options	634
Stock-based compensation expense	6,733
Common stock acquired	(28,701)
Translation of foreign financial statements	(85,267)
Unrealized holding gains, net of tax	13
Pension amortization, net of tax	1,327
Ending Balance	4,056,591
Common Stock $1 Par Value
Statement [Line Items]
Beginning Balance	247,342
Common stock issued for options exercised	504
Ending Balance	247,846
Additional Paid-In Capital
Statement [Line Items]
Beginning Balance	497,291
Common stock issued for options exercised	18,310
Tax benefit from the exercise of stock options	634
Stock-based compensation expense	6,733
Ending Balance	522,968
Accumulated Other Comprehensive Earnings (Loss)
Statement [Line Items]
Beginning Balance	84,842
Translation of foreign financial statements	(85,267)
Unrealized holding gains, net of tax	13
Pension amortization, net of tax	1,327
Ending Balance	915
Retained Earnings
Statement [Line Items]
Beginning Balance	5,453,022
Net earnings	108,126
Dividends paid	(48,696)
Ending Balance	5,512,452
Treasury Stock
Statement [Line Items]
Beginning Balance	(2,198,889)
Common stock acquired	(28,701)
Ending Balance	$ (2,227,590)

Condensed Consolidated Statement of Stockholders Equity (Unaudited) (Parenthetical)	Mar. 31, 2010 USD ($) shares
Statement of Stockholders' Equity [Abstract]
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	3 Months Ended
	Mar. 31, 2010	Mar. 31, 2009
Operating Activities of Continuing Operations
Net earnings	$ 108,126	$ 53,425
Adjustments to reconcile net earnings to net cash from operating activities:
Loss from discontinued operations	13,359	7,669
Depreciation and amortization	65,940	63,825
Stock-based compensation	7,022	5,963
Cash effect of changes in current assets and liabilities (excluding effects of acquisitions, dispositions and foreign exchange):
Accounts receivable	(127,517)	127,465
Inventories	(55,347)	13,382
Prepaid expenses and other assets	4,635	(4,359)
Accounts payable	87,996	(21,119)
Accrued expenses	(36,644)	(116,420)
Accrued and deferred taxes, net	43,054	19,428
Other non-current, net	(23,558)	(34,393)
Net cash provided by operating activities of continuing operations	87,066	114,866
Investing Activities of Continuing Operations
Proceeds from sales of short-term investments	173,697	97,295
Purchase of short-term investments	(291,687)	(89,320)
Proceeds from the sale of property and equipment	3,253	4,751
Additions to property, plant and equipment	(39,336)	(31,475)
Proceeds from sales of businesses	6,000	105
Net cash used in investing activities of continuing operations	(148,073)	(18,644)
Financing Activities of Continuing Operations
Change in notes payable, net	127,500	(77,511)
Purchase of common stock	(28,701)
Proceeds from exercise of stock options/SARs including tax benefits	19,448	1,237
Dividends to stockholders	(48,696)	(46,503)
Net cash provided by (used in) financing activities of continuing operations	69,551	(122,777)
Cash Flows From Discontinued Operations
Net cash used in operating activities of discontinued operations	(1,025)	(6,770)
Net cash used in investing activities of discontinued operations	(140)	(162)
Net cash used in discontinued operations	(1,165)	(6,932)
Effect of exchange rate changes on cash and cash equivalents	(31,449)	(13,612)
Net decrease in cash and cash equivalents	(24,070)	(47,099)
Cash and cash equivalents at beginning of period	714,365	547,409
Cash and cash equivalents at end of period	$ 690,295	$ 500,310

Basis of Presentation	3 Months Ended
Basis of Presentation	Mar. 31, 2010
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, 2009, 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.

Acquisitions	3 Months Ended
Acquisitions	Mar. 31, 2010
Acquisitions [Abstract]
Acquisitions	2. Acquisitions The Company did not make any acquisitions in the current period and is in the process of finalizing appraisals of tangible and intangible assets and continuing to evaluate the initial purchase price allocations for acquisitions completed in 2009. Accordingly, management has used its best estimate in the initial purchase price allocation as of the date of these financial statements. In the first quarter of 2010, the Company recorded adjustments to goodwill by allocating $15.6 million primarily to customer-related intangibles and property, plant and equipment. Assuming that the acquisitions made throughout 2009 had all taken place on January 1, 2009, the impact on the first quarter 2009 revenue and earnings would have been approximately $81.5 million and $3.3 million, respectively, with a $0.02 increase to both basic and diluted earnings per share. This information has been prepared for comparative purposes only and includes certain adjustments to actual financial results for the period presented, such as imputed financing costs, and estimated additional amortization and depreciation expense as a result of intangibles and fixed assets acquired. It does not purport to be indicative of the results of operations which actually would have resulted had the acquisitions occurred on the date indicated, or which 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 $0.8 million and $0.9 million at March 31, 2010 and December 31, 2009, respectively. During the three months ended March 31, 2010 and 2009, the reserves were reduced by payments of $0.1 million and $0.8 million, respectively.

Inventory

3 Months Ended

Mar. 31, 2010

Inventory [Abstract]

Inventory

3. Inventory

The following table displays the components of inventory:


	At March 31,		At December 31,
(in thousands)	2010		2009

Raw materials	$	299,457	$	291,340
Work in progress		155,505		136,726
Finished goods		214,082		191,853

Subtotal		669,044		619,919
Less LIFO reserve		49,516		49,061

Total	$	619,528	$	570,858

Property, Plant and Equipment

3 Months Ended

Mar. 31, 2010

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

4. Property, Plant and Equipment, Net

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


	At March 31,			At December 31,
(in thousands)	2010			2009

Land	$	47,045		$	48,010
Buildings and improvements		551,818			555,262
Machinery, equipment and other		1,838,812			1,840,638

		2,437,675			2,443,910
Accumulated depreciation		(1,615,039	)		(1,614,988	)

Total	$	822,636		$	828,922

Fair Value of Financial Instruments

3 Months Ended

Mar. 31, 2010

Fair Value of Financial Instruments [Abstract]

Fair Value of Financial Instruments

5. Fair Value of Financial Instruments

The carrying amount of cash and cash equivalents, trade receivables, accounts payable, notes payable and accrued expenses approximated fair value as of March 31, 2010 and December 31, 2009 due to the short maturity of less than one year for these instruments.

Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures, establishes a fair value hierarchy that requires the Company to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instruments categorization within the hierarchy is based on the lowest level of input that is significant to the fair value measurement. ASC 820 establishes three levels of inputs that may be used to measure fair value. Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 inputs include inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of assets or liabilities. Level 3 inputs are unobservable inputs that are supported by little or no market activity that are significant to the fair value of the assets or liabilities.

The following table sets forth the Company’s financial assets and liabilities that were measured at fair value on a recurring basis at March 31, 2010 by the level within the fair value hierarchy:


	Fair Value Measurements						Fair Value Measurements
(in thousands)	at March 31, 2010						at December 31, 2009
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Short-term investments	$	321,709	$	—	$	—	$	223,809	$	—	$	—

Short-term investments are included in current assets in the Unaudited Condensed Consolidated Balance Sheets, and generally consist of investment grade time deposits with original maturities between three months and one year.

Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2010

Goodwill and Other Intangible Assets [Abstract]

Goodwill and Other Intangible Assets

6. Goodwill and Other Intangible Assets

The following table provides the changes in carrying value of goodwill by segment through the three months ended March 31, 2010. There were no acquisitions in the current quarter that impacted goodwill.


	At December 31, 2009							Purchase					Other Adjustments			At March 31, 2010
	Gross Carrying		Accumulated					Price			Impairment		Primarily Currency
(in thousands)	Amount		Impairment			Net Goodwill		Adjustments			Losses		Translations			Net Goodwill

Electronic Technologies	$	979,506	$	—		$	979,506	$	—		$	—	$	(7,013	)	$	972,493
Industrial Products		1,020,202		(99,751	)		920,451		—			—		(104	)		920,347
Fluid Management		677,903		(59,971	)		617,932		(1,583	)		—		(1,343	)		615,006
Engineered Systems		832,328		—			832,328		(14,016	)		—		(6,325	)		811,987

Total	$	3,509,939	$	(159,722	)	$	3,350,217	$	(15,599	)	$	—	$	(14,785	)	$	3,319,833

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


	At March 31, 2010				Average		At December 31, 2009
	Gross Carrying		Accumulated		Life		Gross Carrying		Accumulated
(in thousands, except for years)	Amount		Amortization		(Years)		Amount		Amortization

Amortized Intangible Assets:
Trademarks	$	74,255	$	17,648		15	$	72,790	$	16,492
Patents		131,801		85,367		16		128,041		84,092
Customer Intangibles		768,806		284,075		10		764,865		267,558
Unpatented Technologies		132,154		76,757		5		134,822		75,244
Non-Compete Agreements		3,399		3,326		5		3,396		3,310
Drawings & Manuals		13,428		6,758		11		11,922		6,523
Distributor Relationships		73,180		21,873		11		73,230		20,974
Other		20,600		13,011		5		20,344		12,722


Total		1,217,623		508,815		10		1,209,410		486,915

Unamortized Intangible Assets:
Trademarks		227,190						228,253

Total Intangible Assets	$	1,444,813	$	508,815			$	1,437,663	$	486,915

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2010
Income Taxes [Abstract]
Income Taxes	7. 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 rate for the three months ended March 31, 2010 was 31.4% compared to the prior period rate of 35.1%. The 2010 rate was favorably impacted primarily by a higher percentage of non–U.S. earnings derived from low tax rate jurisdictions.

Discontinued Operations

3 Months Ended

Mar. 31, 2010

Discontinued Operations [Abstract]

Discontinued Operations

8. Discontinued Operations

The activity during the first quarter of 2010 primarily reflects the sale of a business for net consideration of $7.5 million which resulted in a net after-tax loss of approximately $13.1 million. The net consideration remains subject to the purchaser’s review and potential working capital adjustment. 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.

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


	Three Months Ended March 31,
(in thousands)	2010			2009
Revenue	$	9,380		$	12,876


Loss on sale, net of taxes (1)	$	(13,277	)	$	(7,445	)

Earnings from operations before taxes		425			28
Benefit (provision) for income taxes		(507	)		(252	)

Loss from discontinued operations, net of tax	$	(13,359	)	$	(7,669	)


(1)		Includes impairments in 2009.

At March 31, 2010, the assets and liabilities of discontinued operations primarily represent 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. Additional detail related to the assets and liabilities of the Company’s discontinued operations is as follows:


	At March 31,		At December 31,
(in thousands)	2010		2009
Assets of Discontinued Operations
Current assets	$	59,305	$	73,284
Non-current assets		21,062		43,417

	$	80,367	$	116,701


Liabilities of Discontinued Operations
Current liabilities	$	14,906	$	25,919
Non-current liabilities		105,832		112,959

	$	120,738	$	138,878

Hedging Activities and Debt	3 Months Ended
Hedging Activities and Debt	Mar. 31, 2010
Hedging Activities and Debt [Abstract]
Hedging Activities and Debt	9. 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 provision of ASC 815, Derivatives and Hedging, 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 portion of change in the fair value of the derivative is recorded in other comprehensive earnings and is 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 March 31, 2010 includes a loss of $12.1 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 three months of 2010, is recorded in cumulative translation adjustments and the $12.1 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 the Company. Debt Dover’s long-term debt with a book value of $1,860.6 million, of which $35.4 million matures in less than one year, had a fair value of approximately $1,975.1 million at March 31, 2010. The estimated fair value of the long-term debt is based on quoted market prices for similar issues.

Commitments and Contingent Liabilities

3 Months Ended

Mar. 31, 2010

Commitments and Contingent Liabilities [Abstract]

Commitments and Contingent Liabilities

10. 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 March 31, 2010 and 2009 are as follows:


(in thousands)	2010			2009
Beginning Balance January 1	$	59,713		$	56,137
Provision for warranties		9,588			7,147
Increase (decrease) from acquisitions/dispositions		37			(411	)
Settlements made		(9,266	)		(8,255	)
Foreign currency and other adjustments		(721	)		(94	)

Ending Balance March 31	$	59,351		$	54,524

From time to time, the Company will initiate various restructuring programs at its operating companies and has recorded severance and other restructuring costs. For the three months ended March 31, 2010, $0.1 million and $2.0 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 three months ended March 31, 2009, $12.4 million and $22.8 million of restructuring charges were recorded in cost of goods and services, and selling and administrative expenses, respectively.

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


(in thousands)	Severance			Exit			Total
At December 31, 2009 (A)	$	8,152		$	8,619		$	16,771

Provision		1,323			728			2,051
Payments		(4,836	)		(2,514	)		(7,350	)
Other, including impairments		(322	)		(185	)		(507	)


At March 31, 2010 (B)	$	4,317		$	6,648		$	10,965


(A)		Includes $0.9 million related to purchase accounting accruals.

(B)		Includes $0.8 million related to purchase accounting accruals.

The following table details restructuring charges incurred by segment:


	Three Months Ended March 31,
(in thousands)	2010		2009
Industrial Products	$	333	$	6,434
Engineered Systems		116		7,720
Fluid Management		1,257		2,515
Electronic Technologies		345		18,547

Total	$	2,051	$	35,216

Employee Benefit Plans

3 Months Ended

Mar. 31, 2010

Employee Benefit Plans [Abstract]

Employee Benefit Plans

11. Employee Benefit Plans

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


	Retirement Plan Benefits						Post Retirement Benefits
	Three Months Ended March 31,						Three Months Ended March 31,
(in thousands)	2010			2009			2010			2009
Expected return on plan assets	$	(9,621	)	$	(8,547	)	$	—		$	—
Benefits earned during period		4,850			5,003			69			79
Interest accrued on benefit obligation		9,632			9,268			208			240
Curtailment gain		—			(337	)		—			—
Amortization (A):
Prior service cost		2,158			2,249			(102	)		(43	)
Recognized actuarial (gain) loss		1,367			1,298			(100	)		(107	)
Transition obligation		(11	)		(10	)		—			—
Other		20			—			—			—

Net periodic expense	$	8,395		$	8,924		$	75		$	169


(A)		A portion of the current year amortization amounts are recorded as increases (decreases) to accumulated other comprehensive income totaling approximately $1.3 million, net of tax, and $2.3 million, net of tax, for the three months ended March 31, 2010 and 2009, respectively.

Comprehensive Earnings

3 Months Ended

Mar. 31, 2010

Comprehensive Earnings [Abstract]

Comprehensive Earnings

12. Comprehensive Earnings

Comprehensive earnings were as follows:


	Three Months Ended March 31,
(in thousands)	2010			2009
Net Earnings	$	108,126		$	53,425

Foreign currency translation adjustment		(85,267	)		(35,702	)
Unrealized holding gains (losses), net of tax		48			91
Derivative cash flow hedges, net of tax		(35	)		634
Pension amortization, net of tax		1,327			2,308


Comprehensive Earnings	$	24,199		$	20,756

Segment Information

3 Months Ended

Mar. 31, 2010

Segment Information [Abstract]

Segment Information

13. Segment Information

For management report and performance evaluation purposes, the Company categorizes its operating companies into four distinct reportable segments. Segment financial information and a reconciliation of segment results to consolidated results follows:


	Three Months Ended March 31,
(in thousands)	2010			2009
REVENUE
Industrial Products	$	428,797		$	434,791
Engineered Systems		484,273			400,784
Fluid Management		380,800			330,772
Electronic Technologies		290,989			214,035
Intra — segment eliminations		(1,589	)		(1,297	)

Total consolidated revenue	$	1,583,270		$	1,379,085

EARNINGS FROM CONTINUING OPERATIONS
Segment Earnings:
Industrial Products	$	51,039		$	34,544
Engineered Systems		54,842			43,305
Fluid Management		86,767			75,442
Electronic Technologies		44,904			(12,110	)

Total segments		237,552			141,181
Corporate expense / other		(33,323	)		(24,692	)
Net interest expense		(27,169	)		(22,398	)

Earnings from continuing operations before provision for income taxes and discontinued operations		177,060			94,091
Provision for taxes		55,575			32,997

Earnings from continuing operations — total consolidated	$	121,485		$	61,094

Recent Accounting Standards	3 Months Ended
Recent Accounting Standards	Mar. 31, 2010
Recent Accounting Standards [Abstract]
Recent Accounting Standards	14. Recent Accounting Standards In January 2010, the FASB issued Accounting Standards Update (“ASU”) 2010-06 which is intended to improve disclosures about fair value measurements. The guidance requires entities to disclose significant transfers in and out of fair value hierarchy levels, the reasons for the transfers and to present information about purchases, sales, issuances and settlements separately in the reconciliation of fair value measurements using significant unobservable inputs (Level 3). Additionally, the guidance clarifies that a reporting entity should provide fair value measurements for each class of assets and liabilities and disclose the inputs and valuation techniques used for fair value measurements using significant other observable inputs (Level 2) and significant unobservable inputs (Level 3). The Company has applied the new disclosure requirements as of January 1, 2010, except for the disclosures about purchases, sales, issuances and settlements in the Level 3 reconciliation, which will be effective for interim and annual periods beginning after December 15, 2010. The adoption of this guidance has not had and is not expected to have a material impact on the Company’s consolidated financial statements. In February 2010, the FASB issued ASU 2010-09 which requires that an SEC filer, as defined, evaluate subsequent events through the date that the financial statements are issued. The update also removed the requirement for an SEC filer to disclose the date through which subsequent events have been evaluated. The adoption of this guidance on January 1, 2010 did not have a material effect on the Company’s consolidated financial statements. In October 2009, the FASB issued ASU 2009-13 which amends existing guidance for identifying separate deliverables in a revenue-generating transaction where multiple deliverables exist, and provides guidance for allocating and recognizing revenue based on those separate deliverables. The guidance is expected to result in more multiple-deliverable arrangements being separable than under current guidance. This guidance is effective for the Company beginning on January 1, 2011 and is required to be applied prospectively to new or significantly modified revenue arrangements. The Company is currently assessing the impact this guidance may have on its consolidated financial statements. In October 2009, the FASB issued ASU 2009-14 which eliminates tangible products containing both software and non-software components that operate together to deliver a product’s functionality from the scope of current generally accepted accounting principles for software. This guidance is effective for the Company beginning on January 1, 2011 and is required to be applied prospectively to new or significantly modified revenue arrangements. The Company is currently assessing the impact this guidance may have on its consolidated financial statements.

Equity Incentive Program

3 Months Ended

Mar. 31, 2010

Equity Incentive Program [Abstract]

Equity Incentive Program

15. Equity Incentive Program

In the first quarter of 2010, the Company issued stock appreciation rights (“SARs”) covering 2,306,440 shares and 68,446 of performance share awards. In the first quarter of 2009, 2,796,124 SARs were issued. For the three months ended March 31, 2010 and 2009, after-tax stock-based compensation expense totaled $4.6 million and $3.9 million, respectively.

The fair value of each SAR grant was estimated on the date of the grant using the Black-Scholes option pricing model. The performance share awards are market condition awards and have been assessed at fair value on the date of grant using the Monte Carlo simulation model. The following assumptions were used in determining fair value:


	Q1 2010
	Grant			Q1 2010			Q1 2009
	Performance Share			Grant			Grant
	Awards			SARs			SARs
Risk-free interest rate		1.37	%		2.77	%		2.06	%
Dividend yield		2.38	%		2.33	%		3.23	%
Expected life (years)		2.88			6.0			6.5
Volatility		39.98	%		31.93	%		30.47	%
Grant price	$	42.88		$	42.88		$	29.45
Fair value of options granted	$	57.49		$	11.66		$	6.58

Share Repurchases	3 Months Ended
Share Repurchases	Mar. 31, 2010
Share Repurchases [Abstract]
Share Repurchases	16. Share Repurchases In May 2007, the Board of Directors authorized the repurchase of up to 10,000,000 shares through May 2012. During the three months ended March 31, 2010, the Company repurchased 584,000 shares of its common stock in the open market and 35,926 shares from the holders of its employee stock options/SARs when they tendered shares as full or partial payment of the exercise price of such options/SARs. A total of 619,926 shares were repurchased at an average price of $46.33 per share. Treasury shares increased to 61,087,319 at March 31, 2010 from a balance of 60,467,393 at December 31, 2009.

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2010
Subsequent Events [Abstract]
Subsequent Events	17. Subsequent Events The Company assessed events occurring subsequent to March 31, 2010 for potential recognition and disclosure in the Unaudited Condensed Consolidated Financial Statements. No events have occurred that would require adjustment to or disclosure in the Unaudited Condensed Consolidated Financial Statements.