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Equity and Cash Incentive Program (Tables)
 12 Months Ended
Dec. 31, 2012
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,
 
2012
 
2011
 
2010
Pre-tax compensation expense
$
30,884

 
$
25,130

 
$
20,407

Tax benefit
(10,904
)
 
(8,795
)
 
(7,142
)
Total stock-based compensation expense, net of tax
$
19,980

 
$
16,335

 
$
13,265
Summary of activity relating to SARs and stock options
A summary of activity relating to SARs and stock options granted under the 2005 Plan and the predecessor plan for the year ended December 31, 2012 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 1/1/2012
9,393,634

 
$
44.14

 
 
 
 
 
1,943,094

 
$
36.96

 
 
 
 
Granted
1,719,943

 
65.38

 
 
 
 
 
—

 
—

 
 
 
 
Forfeited / expired
(194,943
)
 
55.25

 
 
 
 
 
(14,122
)
 
37.93

 
 
 
 
Exercised
(2,367,026
)
 
36.84

 
 
 
 
 
(1,204,566
)
 
36.21

 
 
 
 
Outstanding at 12/31/2012
8,551,608

 
50.17

 
$
134,097

 
6.4
 
724,406

 
38.18

 
$
19,941

 
1.5
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at 12/31/2012
3,431,600

 
$
40.29

 
$
87,227

 
4.3
 
724,406

 
$
38.18

 
$
19,941

 
1.5
Summary of activity for performance share awards
A summary of activity for performance share awards for the year ended December 31, 2012 is as follows:
 
Number of Shares
 
Weighted-Average
Grant-Date
Fair Value
Unvested at December 31, 2011
113,197

 
$
57.23

Granted
50,416

 
71.98

Vested *
(68,446
)
 
57.49

Unvested at December 31, 2012
95,167

 
$
81.12

 
 * 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 2012, as shown above, are expected to be paid out at approximately 158% of their original target.
Shares granted to directors
he Company issued the following shares to its non-employee directors during 2012 under the 2012 Plan and during 2011 and 2010 under the Directors' Plan as partial compensation for serving as directors of the Company:
 
Years ended December 31,
 
2012
 
2011
 
2010
Aggregate shares granted
20,344

 
20,929

 
20,853

Shares withheld to satisfy tax obligations
(544
)
 
(562
)
 
(574
)
Net shares granted
19,800

 
20,367

 
20,279
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:
 
2012
 
2011
 
2010
Risk-free interest rate
1.05
%
 
2.68
%
 
2.77
%
Dividend yield
2.03
%
 
1.70
%
 
2.33
%
Expected life (years)
5.7

 
5.8

 
6.0

Volatility
36.41
%
 
33.56
%
 
31.93
%
Grant price
$
65.38

 
$
66.59

 
$
42.88

Fair value at date of grant
$
18.51

 
$
20.13

 
$
11.66
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 - $35.50
1,229,923

 
$
29.60

 
5.7

1,229,923

 
$
29.60

 
5.7
$42.30 - $46.00
3,468,269

 
43.32

 
5.5

1,439,583

 
43.95

 
3.7
$50.60 - $66.59
3,853,416

 
62.91

 
7.5

762,094

 
50.64

 
3.2
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:
 
2012
 
2011
 
2010
Risk-free interest rate
0.37
%
 
1.34
%
 
1.37
%
Dividend yield
2.03
%
 
1.61
%
 
2.38
%
Expected life (years)
2.9

 
2.9

 
2.9

Volatility
34.10
%
 
40.48
%
 
39.98
%
Fair value of performance award
$
71.98

 
$
91.41

 
$
57.49
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
$24.50 - $38.00
476,683

 
$
36.60

 
1.8
 
476,683

 
$
36.60

 
1.8
$38.50 - $41.25
247,723

 
41.23

 
1.1
 
247,723

 
41.23

 
1.1