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		%