Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of open foreign currency contracts

At June 30, 2018, Polaris had the following open foreign currency contracts (in thousands):

Foreign Currency	Notional Amounts (in U.S. Dollars)		Net Unrealized Gain
Australian Dollar	$	17,658	$	985
Canadian Dollar	132,052		5,336
Mexican Peso	20,760		(390		)
Total	$	170,470	$	5,931

Schedule of carrying values of derivative instruments

The table below summarizes the carrying values of derivative instruments as of June 30, 2018 and December 31, 2017 (in thousands):

	Carrying Values of Derivative Instruments as of June 30, 2018
	Fair Value— Assets		Fair Value— (Liabilities)			Derivative Net Carrying Value
Derivatives designated as hedging instruments
Foreign exchange contracts(1)	$	6,422	$	(491	)	$	5,931
Total derivatives designated as hedging instruments	$	6,422	$	(491	)	$	5,931
Total derivatives	$	6,422	$	(491	)	$	5,931

	Carrying Values of Derivative Instruments as of December 31, 2017
	Fair Value— Assets		Fair Value— (Liabilities)			Derivative Net Carrying Value
Derivatives designated as hedging instruments
Foreign exchange contracts(1)	$	621	$	(1,047	)	$	(426	)
Total derivatives designated as hedging instruments	$	621	$	(1,047	)	$	(426	)
Total derivatives	$	621	$	(1,047	)	$	(426	)

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