Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2014

Text Block [Abstract]

Schedule of open foreign currency contracts

At March 31, 2014, Polaris had the following open foreign currency contracts (in thousands):

Foreign Currency	Notional Amounts (in US Dollars)		Net Unrealized Gain (Loss)
Australian Dollar	$	5,723	$	(86	)
Canadian Dollar	26,155		1,399
Japanese Yen	21,627		(591		)
Mexican Peso	23,401		351
Norwegian Krone	941		(4		)
Swedish Krona	9,230		(165		)
Total	$	87,077	$	904

Schedule of carrying values of derivative instruments

The table below summarizes the carrying values of derivative instruments as of March 31, 2014 and December 31, 2013 (in thousands):

	Carrying Values of Derivative Instruments as of March 31, 2014
	Fair Value— Assets		Fair Value— (Liabilities)			Derivative Net Carrying Value
Derivatives designated as hedging instruments
Foreign exchange contracts(1)	$	1,757	$	(853	)	$	904
Total derivatives designated as hedging instruments	$	1,757	$	(853	)	$	904

	Carrying Values of Derivative Instruments as of December 31, 2013
	Fair Value— Assets		Fair Value— (Liabilities)			Derivative Net Carrying Value
Derivatives designated as hedging instruments
Foreign exchange contracts(1)	$	1,194	$	(1,203	)	$	(9	)
Total derivatives designated as hedging instruments	$	1,194	$	(1,203	)	$	(9	)
Commodity contracts(1)	$	46	$	(16	)	$	30
Total derivatives not designated as hedging instruments	$	46	$	(16	)	$	30
Total derivatives	$	1,240	$	(1,219	)	$	21

(1) Assets are included in prepaid expenses and other and liabilities are included in other accrued expenses on the accompanying consolidated balance sheets.