Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of open foreign currency contracts

At December 31, 2018 and 2017, Polaris had the following open foreign currency contracts (in thousands):

	December 31, 2018				December 31, 2017
Foreign Currency	Notional Amounts (in U.S. dollars)		Net Unrealized Gain (Loss)		Notional Amounts (in U.S. dollars)		Net Unrealized Gain (Loss)
Australian Dollar	—		—		$	24,250	$	(134	)
Canadian Dollar	$	55,133	$	2,564	94,292		(159		)
Mexican Peso	19,222		564		9,999		(133		)
Total	$	74,355	$	3,128	$	128,541	$	(426	)

Schedule of open interest rate swap contracts

, Polaris had the following open interest rate swap contracts (in thousands):

		December 31, 2018					December 31, 2017
Effective Date	Maturity Date	Notional Amounts		Net Unrealized Gain (Loss)			Notional Amounts		Net Unrealized Gain (Loss)
May 2, 2018	May 4, 2021	$	25,000	$	397		$	—	$	—
September 28, 2018	September 30, 2019	250,000		(163		)	—		—
September 30, 2019	September 30, 2023	150,000		(2,899		)	—		—
Total		$	425,000	$	(2,665	)	$	—	$	—

Schedule of carrying values of derivative instruments

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

	Carrying Values of Derivative Instruments as of December 31, 2018
	Fair Value— Assets		Fair Value— (Liabilities)			Derivative Net Carrying Value
Derivatives designated as hedging instruments
Foreign exchange contracts(1)	$	3,128	$	—		$	3,128
Interest rate contracts(1)	—		(2,665		)	(2,665		)
Total derivatives designated as hedging instruments	$	3,128	$	(2,665	)	$	463

	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	)

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