Financing Agreement (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Debt, capital lease obligations, notes payable and the average related interest rates were as follows (in thousands):

	Average interest rate at December 31, 2017	Maturity	December 31, 2017			December 31, 2016
Revolving loan facility	2.56%	May 2021	$	3,000		$	172,142
Term loan facility	2.66%	May 2021	680,000			740,000
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	5.20%	Various through 2029	19,889			19,306
Notes payable and other	3.40%	June 2027	12,384			13,618
Debt issuance costs			(2,261		)	(3,156		)
Total debt, capital lease obligations, and notes payable			$	913,012		$	1,141,910
Less: current maturities			47,746			3,847
Total long-term debt, capital lease obligations, and notes payable			$	865,266		$	1,138,063

Summary of Activity Under Credit Arrangements, Excluding Acquired Borrowings

The following summarizes activity under Polaris’ credit arrangements (dollars in thousands):

	2017			2016			2015
Total borrowings at December 31	$	883,000		$	1,112,142		$	425,707
Average outstanding borrowings during year	$	1,133,641		$	638,614		$	403,097
Maximum outstanding borrowings during year	$	1,319,105		$	1,234,337		$	523,097
Interest rate at December 31	2.91		%	2.25		%	2.33		%