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Financing (Tables)
12 Months Ended
Dec. 31, 2012
Summary of Activity Under Credit Arrangements, Excluding Acquired Borrowings

The following summarizes activity under Polaris’ credit arrangements, excluding the acquired borrowings of Klim under their credit arrangement of $4,647,000 that was fully paid and retired by December 31, 2012 (dollars in thousands):

 

     2012     2011     2010  

Total borrowings at December 31,

   $ 100,000      $ 100,000      $ 200,000   

Average outstanding borrowings during year

   $ 100,000      $ 133,800      $ 200,000   

Maximum outstanding borrowings during year

   $ 100,000      $ 200,000      $ 200,000   

Interest rate at December 31

     4.40     4.40     0.65