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Equity Incentive Program (Tables)
 9 Months Ended
Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock-based incentive plans compensation expense
Stock-based compensation is reported within selling and administrative expenses in the accompanying unaudited Condensed Consolidated Statements of Earnings. The following table summarizes the Company’s compensation expense relating to all stock-based incentive plans:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Pre-tax compensation expense
$
8,297

 
$
7,081

 
$
24,710

 
$
23,384

Tax benefit
(2,914
)
 
(2,493
)
 
(8,749
)
 
(8,241
)
Total stock-based compensation expense, net of tax
$
5,383

 
$
4,588

 
$
15,961

 
$
15,143
Stock Appreciation Rights (SARs) [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Valuation assumptions
 
SARs
 
2014
 
2013
Risk-free interest rate
1.70
%
 
1.39
%
Dividend yield
1.98
%
 
2.06
%
Expected life (years)
5.3

 
7.1

Volatility
30.81
%
 
33.78
%
 
 
 
 
Grant price (1)
$
82.51

 
$
63.33

Fair value per share at date of grant (1)
$
19.84

 
$
18.17



(1)
Updated to reflect the modification of grants issued prior to 2014 in connection with the separation of Knowles on February 28, 2014.
Performance Shares [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Valuation assumptions
The performance share awards granted in 2013 are market condition awards as attainment is based on Dover's three-year performance relative to its peer group for the relevant performance period. These awards were valued on the date of grant using a Monte Carlo simulation model (a binomial lattice-based valuation model) with the following assumptions, and are generally recognized ratably over the vesting period:
 
Performance shares
 
2013
Risk-free interest rate
0.40
%
Dividend yield
2.06
%
Expected life (years)
2.9

Volatility
30.36
%
Fair value per share at date of grant (2)
$
70.92


(2)
Updated to reflect the modification of grants in connection with the separation of Knowles on February 28, 2014.