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Equity and Cash Incentive Program (Tables)
 12 Months Ended
Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock-based incentive plans compensation expense
Stock-based compensation costs are reported within selling and administrative expenses. The following table summarizes the Company’s compensation expense relating to all stock-based incentive plans:
 
Years Ended December 31,
 
2013
 
2012
 
2011
Pre-tax compensation expense
$
30,480

 
$
30,884

 
$
25,130

Tax benefit
(10,745
)
 
(10,904
)
 
(8,795
)
Total stock-based compensation expense, net of tax
$
19,735

 
$
19,980

 
$
16,335
Summary of activity relating to SARs and stock options
A summary of activity relating to SARs and stock options granted under the 2012 Plan and the predecessor plans for the year ended December 31, 2013 is as follows:
 
SARs
 
Stock Options
 
Number of Shares
 
Weighted Average Exercise Price
 
Aggregate Intrinsic Value
 
Weighted Average Remaining Contractual Term (Years)
 
Number of Shares
 
Weighted Average Exercise Price
 
Aggregate Intrinsic Value
 
Weighted Average Remaining Contractual Term (Years)
Outstanding at 1/1/2013
8,551,608

 
$
50.17

 
 
 
 
 
724,406

 
$
38.18

 
 
 
 
Granted
1,613,884

 
71.86

 
 
 
 
 
—

 
—

 
 
 
 
Forfeit / expired
(285,351
)
 
66.72

 
 
 
 
 
(22,438
)
 
30.50

 
 
 
 
Exercised
(2,359,381
)
 
42.28

 
 
 
 
 
(492,141
)
 
38.44

 
 
 
 
Outstanding at 12/31/2013
7,520,760

 
56.67

 
$
299,812

 
6.8
 
209,827

 
38.39

 
$
12,201

 
1.0
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at 12/31/2013
3,089,841

 
$
40.47

 
$
173,243

 
4.8
 
209,827

 
$
38.39

 
$
12,201

 
1.0
Other information for SARs and stock options
Other information regarding the exercise of SARs and stock options is listed below:
 
2013
 
2012
 
2011
SARs
 
 
 
 
 
Fair value of SARs that became exercisable
$
23,605

 
$
16,484

 
$
21,202

Aggregate intrinsic value of SARs exercised
$
83,944

 
$
61,531

 
$
24,322

 
 
 
 
 
 
Stock Options
 
 
 
 
 
Cash received by Dover for exercise of stock options
$
14,830

 
$
38,029

 
$
26,519

Aggregate intrinsic value of options exercised
$
19,937

 
$
29,866

 
$
24,726
Summary of activity for performance share awards
A summary of activity for performance share awards for the year ended December 31, 2013 is as follows:
 
Number of Shares
 
Weighted-Average
Grant-Date
Fair Value
Unvested at December 31, 2012
95,167

 
$
81.12

Granted
47,032

 
80.47

Vested *
(42,498
)
 
91.41

Forfeited
(7,156
)
 
81.19

Unvested at December 31, 2013
92,545

 
$
76.05

 
 * Under the terms of the performance share award, the actual number of shares awarded can range from zero to 200% of the original target grant, depending on Dover's three-year performance relative to the peer group for the relevant performance period. Awards vesting at the end of 2013, as shown above, are expected to be paid out at approximately 136.8% of their original target.
Shares granted to directors

The Company issued the following shares to its non-employee directors during 2013 and 2012 under the 2012 Plan and during 2011 under the Directors' Plan as partial compensation for serving as directors of the Company:
 
Years ended December 31,
 
2013
 
2012
 
2011
Aggregate shares granted
14,271

 
20,344

 
20,929

Shares deferred
(6,929
)
 
—

 
—

Shares withheld to satisfy tax obligations
(354
)
 
(544
)
 
(562
)
Net shares issued
6,988

 
19,800

 
20,367
Stock Appreciation Rights (SARs) [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
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 a Black-Scholes option-pricing model with the following assumptions:
 
2013
 
2012
 
2011
Risk-free interest rate
1.39
%
 
1.05
%
 
2.68
%
Dividend yield
2.06
%
 
2.03
%
 
1.70
%
Expected life (years)
7.1

 
5.7

 
5.8

Volatility
33.78
%
 
36.41
%
 
33.56
%
Grant price
$
71.86

 
$
65.38

 
$
66.59

Fair value at date of grant
$
20.62

 
$
18.51

 
$
20.13
Awards outstanding, vested and exercisable
 
SARs Outstanding

SARs Exercisable
Range of Exercise Prices
Number of Shares

Weighted Average
Exercise Price

Weighted Average
Remaining Life
in Years

Number of Shares

Weighted Average
Exercise Price

Weighted Average
Remaining Life
in Years
$29.45 - $42.88
2,535,719

 
$
38.64

 
5.3

2,535,719

 
$
38.64

 
5.3
$46.00 - $50.60
552,000

 
48.80

 
2.6

552,000

 
48.80

 
2.6
$65.38 - $71.86
4,433,041

 
67.97

 
8.2

2,122

 
65.98

 
3.9
Performance Shares [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Assumptions used in determining fair value of stock appreciation rights and performance shares awarded during the period
The performance share awards are market condition awards and have been fair valued on the date of grant using the Monte Carlo simulation model (a binomial lattice-based valuation model) with the following assumptions:
 
2013
 
2012
 
2011
Risk-free interest rate
0.40
%
 
0.37
%
 
1.34
%
Dividend yield
2.06
%
 
2.03
%
 
1.61
%
Expected life (years)
2.9

 
2.9

 
2.9

Volatility
30.36
%
 
34.10
%
 
40.48
%
Fair value of performance award
$
80.47

 
$
71.98

 
$
91.41
Stock Options [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Awards outstanding, vested and exercisable
 
Stock Options Outstanding
 
Stock Options Exercisable
Range of Exercise Prices
Number of Shares
 
Weighted Average
Exercise Price
 
Weighted Average
Remaining Life
in Years
 
Number of Shares
 
Weighted Average
Exercise Price
 
Weighted Average
Remaining Life
in Years
$38.00 - $38.50
184,241

 
$
38.00

 
1.1
 
184,241

 
$
38.00

 
1.1
$39.00 - $41.25
25,586

 
41.20

 
0.1
 
25,586

 
41.20

 
0.1