XML 30 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Segment Information
Segment Reporting
The Company’s reportable segments are based on the Company’s method of internal reporting, which generally segregates the operating segments by product line, inclusive of wholegoods and PG&A. The internal reporting of these operating segments is defined based, in part, on the reporting and review process used by the Company’s Chief Executive Officer. The Company has six operating segments: 1) ORV, 2) Snowmobiles, 3) Motorcycles, 4) Global Adjacent Markets, 5) Aftermarket, and 6) Boats, and five reportable segments: 1) ORV/Snowmobiles, 2) Motorcycles, 3) Global Adjacent Markets, 4) Aftermarket, and 5) Boats.
Through June 30, 2018, the Company reported under four segments for segment reporting. However, during the third quarter ended September 30, 2018, as a result of the Boat Holdings acquisition, the Company established a new reporting segment, Boats, which includes only the results of Boat Holdings. As such, the comparative 2017 results were not required to be reclassified as the new reporting segment structure did not impact historical segments.
The ORV/Snowmobiles segment includes the aggregated results of our ORV and Snowmobiles operating segments. The Motorcycles, Global Adjacent Markets, Aftermarket, and Boats segments include the results for those respective operating segments. The Corporate amounts include costs that are not allocated to individual segments, which include incentive-based compensation and other unallocated manufacturing costs. Additionally, given the commonality of customers, manufacturing and asset management, the Company does not maintain separate balance sheets for each segment. Accordingly, the segment information presented below is limited to sales and gross profit data (in thousands):
 
Three months ended September 30,
 
Nine months ended September 30,
 
2018
 
2017
 
2018
 
2017
Sales
 
 
 
 
 
 
 
ORV/Snowmobiles
$
1,035,554

 
$
1,007,392

 
$
2,858,959

 
$
2,577,003

Motorcycles
155,316

 
155,059

 
458,285

 
473,345

Global Adjacent Markets
96,251

 
91,575

 
322,996

 
280,152

Aftermarket
229,973

 
224,700

 
676,859

 
666,928

Boats
134,321

 

 
134,321

 

Total sales
$
1,651,415

 
$
1,478,726

 
$
4,451,420

 
$
3,997,428

Gross profit
 
 
 
 
 
 
 
ORV/Snowmobiles
$
290,631

 
$
296,904

 
$
831,413

 
$
776,013

Motorcycles
19,577

 
10,354

 
60,817

 
11,589

Global Adjacent Markets
24,155

 
15,983

 
83,520

 
65,297

Aftermarket
66,092

 
63,239

 
182,291

 
164,721

Boats
20,253

 

 
20,253

 

Corporate
(19,438
)
 
(22,518
)
 
(68,367
)
 
(60,781
)
Total gross profit
$
401,270

 
$
363,962

 
$
1,109,927

 
$
956,839