XML 39 R36.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Equity Incentive Program (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2012
Equity Incentive Program [Abstract] |
Assumptions used in determining fair value of stock appreciation rights and performance shares awarded during the period | The fair value of each SAR grant was estimated on the date of 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 the fair value of the SARs and performance shares awarded during the respective periods:
|  | SARs |  |  | Performance Shares |
|  | Three Months Ended March 31, |  |  | Three Months Ended March 31, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Risk-free interest rate |  |  | 1.05 | % |  |  | 2.68 | % |  |  | 0.37 | % |  |  | 1.34 | %
Dividend yield |  |  | 2.03 | % |  |  | 1.70 | % |  |  | 2.03 | % |  |  | 1.61 | %
Expected life (years) |  |  | 5.7 |  |  |  | 5.8 |  |  |  | 2.9 |  |  |  | 2.9 |
Volatility |  |  | 36.41 | % |  |  | 33.56 | % |  |  | 34.10 | % |  |  | 40.48 | %
Grant price |  | $ | 65.38 |  |  | $ | 66.59 |  |  |  | n/a |  |  |  | n/a |
Fair value at date of grant |  | $ | 18.51 |  |  | $ | 20.13 |  |  | $ | 71.98 |  |  | $ | 91.41 |
Stock-based incentive plans compensation expense | Stock-based compensation is reported within selling and administrative expenses in the accompanying Unaudited Condensed Consolidated Statement of Earnings. The following table summarizes the Company’s compensation expense relating to all stock-based incentive plans:
|  | Three Months Ended March 31, |
|  | 2012 |  |  | 2011 |
Pre-tax compensation expense |  | $ | 8,574 |  |  | $ | 8,033 |
Tax benefit |  |  | (3,107 | ) |  |  | (2,811 | )
Total stock-based compensation expense, net of tax |  | $ | 5,467 |  |  | $ | 5,222 |

X
- Definition Tabular disclosure of stock-based incentive plans compensation expense. + References No definition available. + Details
Name: | dov_StockBasedIncentivePlansCompensationExpenseTableTextBlock
Namespace Prefix: | dov_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64, 65, A240 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_ShareBasedCompensationAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration