Discontinued Operations

3 Months Ended

Mar. 31, 2012

Discontinued Operations [Abstract]

Discontinued Operations

9. Discontinued Operations

Management evaluates Dover’s businesses periodically for their strategic fit within Dover’s operations. Accordingly, the Company decided to sell Paladin Brands and Crenlo LLC, two businesses within its Engineered Systems segment that serve construction related end markets during the third quarter of 2011. In addition, the company sold Heil Trailer International, a manufacturer of specialty transportation trailers and equipment within its Engineered Systems segment during the fourth quarter of 2011.

In connection with these disposals, for all periods presented, the Company has reclassified the results of these businesses into discontinued operations in the Unaudited Condensed Consolidated Statements of Earnings, and the assets and liabilities associated with these businesses have been segregated within the Unaudited Condensed Consolidated Balance Sheet.

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

	Three Months Ended March 31,
	2012			2011
Revenue	$	-		$	149,221
(Loss) earnings from operations before taxes	$	(786	)	$	12,538
Benefit for income taxes		22			7,576
(Loss) earnings from discontinued operations, net of tax	$	(764	)	$	20,114

Assets and liabilities of discontinued operations are summarized below:

	March 31, 2012		December 31, 2011
Assets of Discontinued Operations
Current assets	$	3,974	$	2,832
Non-current assets		298		1,609
	$	4,272	$	4,441
Liabilities of Discontinued Operations
Current liabilities	$	8,139	$	31,592
Non-current liabilities		88,768		88,325
	$	96,907	$	119,917

At March 31, 2012 and December 31, 2011, the assets and liabilities of discontinued operations primarily include residual amounts for deferred tax assets, short and long-term reserves, and contingencies related to businesses previously sold.