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Financing (Tables)
12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Debt and capital lease obligations and the average related interest rates were as follows (in thousands):
 
Average interest rate at December 31, 2014
 
Maturity
 
December 31, 2014
 
December 31, 2013
Revolving loan facility
 
January 2018
 

 
$
80,500

Senior notes—fixed rate
3.81%
 
May 2018
 
$
25,000

 
25,000

Senior notes—fixed rate
4.60%
 
May 2021
 
75,000

 
75,000

Senior notes—fixed rate
3.13%
 
December 2020
 
100,000

 
100,000

Capital lease obligations
5.02%
 
Various through 2029
 
26,148

 
7,123

Total debt and capital lease obligations
 
 
 
 
$
226,148

 
$
287,623

Less: current maturities
 
 
 
 
2,528

 
3,281

Total long-term debt and capital lease obligations
 
 
 
 
$
223,620

 
$
284,342

Summary of Activity Under Credit Arrangements, Excluding Acquired Borrowings
The following summarizes activity under Polaris’ credit arrangements (dollars in thousands):
 
2014
 
2013
 
2012
Total borrowings at December 31
$
200,000

 
$
280,500

 
$
100,000

Average outstanding borrowings during year
$
361,715

 
$
138,400

 
$
100,000

Maximum outstanding borrowings during year
$
500,000

 
$
411,000

 
$
100,000

Interest rate at December 31
3.77
%
 
2.98
%
 
4.40
%