Arctic Cat (ACAT) 10-Q 8 Nov 13 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Sep. 30, 2013	Nov. 01, 2013
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-13	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Trading Symbol	'ACAT	'
Entity Registrant Name	'ARCTIC CAT INC	'
Entity Central Index Key	'0000719866	'
Current Fiscal Year End Date	'--03-31	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	13,446,302

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2013	Mar. 31, 2013
Current Assets	'	'
Cash and cash equivalents	$40,074,000	$35,566,000
Short-term investments	0	77,241,000
Accounts receivable, less allowances	105,071,000	30,296,000
Inventories	171,174,000	96,389,000
Prepaid expenses	1,588,000	3,032,000
Deferred income taxes	15,776,000	16,820,000
Total current assets	333,683,000	259,344,000
Property and Equipment	'	'
Machinery, equipment and tooling	166,577,000	160,674,000
Land, buildings and improvements	29,468,000	29,243,000
Property, Plant and Equipment, Gross, Total	196,045,000	189,917,000
Less accumulated depreciation	149,212,000	144,378,000
Property, Plant and Equipment, Net, Total	46,833,000	45,539,000
Other Assets	1,273,000	1,262,000
Assets, Total	381,789,000	306,145,000
Current Liabilities	'	'
Accounts payable	112,382,000	66,599,000
Accrued expenses	56,208,000	55,736,000
Income taxes payable	6,770,000	4,957,000
Total current liabilities	175,360,000	127,292,000
Deferred Income Taxes	4,571,000	4,381,000
Commitments and Contingencies	'	'
Shareholders' Equity	'	'
Preferred stock	'	'
Common stock, par value $.01; 37,440,000 shares authorized; shares issued and outstanding: 13,446,302 at September 30, 2013 and 13,203,682 at March 31, 2013	134,000	132,000
Additional paid-in-capital	9,816,000	10,945,000
Accumulated other comprehensive loss	-1,809,000	-4,166,000
Retained earnings	193,717,000	167,561,000
Total shareholders' equity	201,858,000	174,472,000
Liabilities and Equity, Total	381,789,000	306,145,000
Preferred Stock - Series B Junior Participating	'	'
Shareholders' Equity	'	'
Preferred stock	'	'

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2013	Mar. 31, 2013
Preferred stock, par value	$1	$1
Preferred stock, shares authorized	2,050,000	2,050,000
Preferred stock, shares issued	'	'
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	37,440,000	37,440,000
Common stock, shares issued	13,446,302	13,203,682
Common stock, shares outstanding	13,446,302	13,203,682
Preferred Stock - Series B Junior Participating	'	'
Preferred stock, par value	$1	$1
Preferred stock, shares authorized	450,000	450,000
Preferred stock, shares issued	'	'

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Net sales	'	'	'	'
Net sales	$238,525,000	$229,030,000	$359,293,000	$340,341,000
Cost of goods sold	'	'	'	'
Cost of goods sold	176,851,000	165,000,000	268,459,000	253,832,000
Gross profit	61,674,000	64,030,000	90,834,000	86,509,000
Operating expenses	'	'	'	'
Selling & marketing	12,116,000	12,018,000	19,110,000	18,825,000
Research & development	6,286,000	4,867,000	11,568,000	9,345,000
General & administrative	7,019,000	8,391,000	15,430,000	16,465,000
Total operating expenses	25,421,000	25,276,000	46,108,000	44,635,000
Operating profit	36,253,000	38,754,000	44,726,000	41,874,000
Other income (expense)	'	'	'	'
Interest income	7,000	4,000	16,000	17,000
Interest expense	-37,000	-62,000	-40,000	-82,000
Total other expense	-30,000	-58,000	-24,000	-65,000
Earnings before income taxes	36,223,000	38,696,000	44,702,000	41,809,000
Income tax expense	12,858,000	13,737,000	15,869,000	14,842,000
Net earnings	23,365,000	24,959,000	28,833,000	26,967,000
Net earnings per share	'	'	'	'
Basic	$1.75	$1.90	$2.17	$2.06
Diluted	$1.70	$1.80	$2.10	$1.95
Weighted average shares outstanding	'	'	'	'
Basic	13,379,000	13,152,000	13,297,000	13,106,000
Diluted	13,726,000	13,828,000	13,718,000	13,852,000
Snowmobile & ATV units	'	'	'	'
Net sales	'	'	'	'
Net sales	208,076,000	198,274,000	306,990,000	289,227,000
Cost of goods sold	'	'	'	'
Cost of goods sold	157,748,000	146,000,000	235,656,000	221,556,000
Parts, garments & accessories	'	'	'	'
Net sales	'	'	'	'
Net sales	30,449,000	30,756,000	52,303,000	51,114,000
Cost of goods sold	'	'	'	'
Cost of goods sold	$19,103,000	$19,000,000	$32,803,000	$32,276,000

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Statement Of Income And Comprehensive Income [Abstract]	'	'	'	'
Net earnings	$23,365,000	$24,959,000	$28,833,000	$26,967,000
Other comprehensive income (loss):	'	'	'	'
Foreign currency translation adjustments	1,088,000	656,000	1,726,000	-907,000
Unrealized gain (loss) on derivative instruments, net of tax	-2,500,000	-2,513,000	631,000	-1,194,000
Comprehensive income	$21,953,000	$23,102,000	$31,190,000	$24,866,000

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:	'	'
Net earnings	$28,833,000	$26,967,000
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:	'	'
Depreciation and amortization	7,017,000	6,970,000
Deferred income tax expense (benefit)	863,000	-1,532,000
Stock-based compensation expense	1,921,000	1,530,000
Loss on disposal of fixed assets	1,000	48,000
Changes in operating assets and liabilities:	'	'
Trading securities	77,240,000	38,438,000
Accounts receivable	-73,322,000	-61,304,000
Inventories	-73,407,000	-46,345,000
Prepaid expenses	1,450,000	1,551,000
Accounts payable	45,740,000	26,248,000
Accrued expenses	335,000	1,970,000
Income taxes	1,438,000	12,319,000
Net cash provided by operating activities	18,109,000	6,860,000
Cash flows from investing activities:	'	'
Purchases of property and equipment	-8,326,000	-5,585,000
Net cash used in investing activities	-8,326,000	-5,585,000
Cash flows from financing activities:	'	'
Proceeds from issuance of common stock	18,000	11,000
Payments for income taxes on net-settled option exercises	-7,627,000	-6,029,000
Tax benefit from stock options exercises	7,493,000	6,525,000
Dividends paid	-2,677,000	'
Repurchase of common stock	-2,933,000	-1,643,000
Net cash used in financing activities	-5,726,000	-1,136,000
Effect of exchange rate changes on cash and cash equivalents	451,000	-305,000
Net increase (decrease) in cash and cash equivalents	4,508,000	-166,000
Cash and cash equivalents at beginning of period	35,566,000	24,138,000
Cash and cash equivalents at end of period	40,074,000	23,972,000
Supplemental disclosure of cash payments for:	'	'
Income taxes	5,722,000	1,884,000
Interest	$40,000	$66,000

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
BASIS OF PRESENTATION	'
	NOTE A–BASIS OF PRESENTATION
	The accompanying unaudited condensed consolidated financial statements of Arctic Cat Inc. (the “Company”) have been prepared in accordance with Regulation S-X pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations, although management believes that the disclosures are adequate to make the information presented not misleading.
	In the opinion of management, the unaudited condensed consolidated financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the Company’s financial position as of September 30, 2013, and results of operations for the three-month and six-month periods ended September 30, 2013 and 2012 and cash flows for the six-month periods ended September 30, 2013 and 2012. Results of operations for the interim periods are not necessarily indicative of results for the full year. The condensed consolidated balance sheet as of March 31, 2013 is derived from the audited balance sheet as of that date.
	Preparation of the Company’s condensed consolidated financial statements requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and related revenues and expenses. Actual results could differ from those estimates.

STOCKBASED_COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Sep. 30, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]	'
STOCK-BASED COMPENSATION	'
	NOTE B–STOCK-BASED COMPENSATION
	In August 2013, the Company’s shareholders adopted the 2013 Omnibus Stock and Incentive Plan (the “2013 Plan”). Under the 2013 Plan, 1,100,000 shares are available for grant. The 2013 Plan permits the granting of stock options, stock appreciation rights, restricted stock and restricted stock units, performance awards, other stock awards and dividend and dividend equivalents. At September 30, 2013, 1,099,500 shares of common stock remain available for issuance under the 2013 Plan.
	In August 2007, the Company’s shareholders adopted the 2007 Omnibus Stock and Incentive Plan (the “2007 Plan”, and along with the 2013 Plan, “the Plans”). As of September 30, 2013, 491,395 stock options, 16,200 shares of restricted stock, and 41,723 restricted stock units issued from the 2007 Plan are outstanding and 500 shares of restricted stock from the 2013 Plan are outstanding. The terms of the 2007 Plan are substantially identical to those of the 2013 Plan. With the adoption of the 2013 Plan, the Company’s Board of Directors determined no further awards will be granted from the 2007 Plan, of which 945,363 shares were available for grant at September 30, 2013.
	Option transactions under the plans during the six months ended September 30, 2013, are summarized as follows:
		Shares			Weighted-			Weighted-			Aggregate
					Average			Average			Intrinsic Value
					Exercise			Contractual
					Price			Life
	Outstanding at March 31, 2013		1,010,650		$	17.61
	Granted		96,209			42.99
	Exercised		(606,393	)		15.73
	Cancelled		(9,071	)		25.68
	Outstanding at September 30, 2013		491,395		$	24.75			8.03 years		$	15,872,000
	Exercisable at September 30, 2013		265,659		$	17.8			7.61 years		$	10,427,000
	The aggregate intrinsic value is based on the difference between the exercise price and the Company’s September 30, 2013 common share market value for in-the-money options.
	The following tables summarize information concerning currently outstanding and exercisable stock options at September 30, 2013:
	Options Outstanding
	Range of Exercise Prices	Number Outstanding			Weighted-Average			Weighted-Average
					Remaining Contractual Life			Exercise Price
	$6.26-9.38		7,800			3.29 years		$	6.26
	9.57-13.84		57,164			6.34 years			10.91
	14.68-21.03		238,507			7.64 years			15.99
	21.96-27.69		24,000			10.00 years			24.83
	33.67-43.79		163,924			9.10 years			43.19
			491,395			8.03 years		$	24.75
	Options Exercisable
	Range of Exercise Prices	Number Exercisable			Weighted-Average
					Exercise Price
	$6.26-9.38		7,800		$	6.26
	9.57-13.84		54,826			10.79
	14.68-21.03		157,170			16.13
	21.96-27.69		24,000			24.83
	33.67-43.79		21,863			43.79
			265,659		$	17.8
	Stock Options
	The Company accounts for stock option-based compensation by estimating the fair value of options granted using a Black-Scholes option valuation model. The Company recognizes the expense for grants of stock options on a straight-line basis in the statement of operations as general and administrative expense based on their fair value over their requisite service periods. At September 30, 2013, the Company had stock-based compensation plans, all previously approved by the Company’s shareholders. Stock options and restricted stock awards granted under these plans generally vest ratably over one to three years of service. Stock options have a contractual life of five to ten years and provide for accelerated vesting if there is a change in control, as defined in the plans. At September 30, 2013, the Company had 1,099,500 shares available for future grant under its stock option plans. Stock options awarded to Directors generally have the same terms and valuation as those awarded to employees of the Company. For stock options issued during the three months ended September 30, 2013 and September 30, 2012, the following assumptions were used to determine fair value:
		Three Months Ended September 30, 2013
	Assumptions used:	2013			2012
	Expected term (in years)		5 years			5 years
	Expected volatility		49	%		47	%
	Risk free interest rate		0.81	%		1.3	%
	Expected dividend		1	%		1	%
	Fair Value	$	21.68		$	23.74
	At September 30, 2013, the Company had $3,819,000 of unrecognized compensation costs related to non-vested stock options and restricted stock awards that are expected to be recognized over a weighted average period of approximately two years.
	For the three months ended September 30, 2013 and 2012, the Company recorded stock-based compensation expense for stock options and restricted stock awards of $592,000 and $458,000, respectively, and for the six months ended September 30, 2013 and 2012, the Company recorded stock-based compensation expense for stock options and restricted stock awards of $1,921,000 and $1,530,000, respectively, which has been included in general and administrative expenses. The Company’s total stock-based compensation related expense reduced both basic and diluted earnings per share by $0.03 and $0.02 for each of the three months ended September 30, 2013 and 2012, respectively, and by $0.09 and $0.07 for the six months ended September 30, 2013 and 2012, respectively.
	The expected term of options granted is the safe harbor period. The volatility is based on historic volatilities from the traded shares of the Company over the past two and one-half years. The risk-free interest rate for periods matching the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. Expected dividend is based on the historic dividend of the Company. The Company has analyzed the forfeitures of stock and option grants and has used a ten percent forfeiture rate in the expense calculation.
	Restricted Stock
	The 2013 Plan provides for grants of restricted common stock and restricted stock units to executives and key employees of the Company. The restricted common stock and restricted stock units are valued based on the Company’s market value of common stock on the date of grant and the amount of any award is expensed over the requisite service period which approximates two to three years. If grantees are retirement eligible and awards would either fully vest upon retirement or continue to vest after retirement, the full amount of the related expense is recognized upon grant. At September 30, 2013, the Company had 16,200 shares of restricted common stock issued and outstanding and 41,723 unvested restricted stock units outstanding under the 2007 Plan and 500 shares of restricted common stock were issued and outstanding under the 2013 Plan. The shares of restricted common stock awarded have voting rights and participate equally in all dividends and other distributions duly declared by the Company’s Board of Directors.
	Compensation expenses associated with restricted stock awards totaled $175,000 and $192,000 for the three months ended September 30, 2013 and 2012, respectively, and $262,000 and $319,000 for the six months ended September 30, 2013 and 2012, respectively. Compensation expenses associated with restricted stock units totaled $115,000 and $120,000 for the three months ended September 30, 2013 and 2012, respectively, and $404,000 and $333,000 for the six months ended September 30, 2013 and 2012, respectively. The Company recognizes the expense for grants of restricted stock and restricted stock units on a straight-line basis in the statement of operations as general and administrative expense based on their fair value over their requisite service periods. At September 30, 2013, unamortized compensation expense of restricted stock totaled $516,000 and of restricted stock units totaled $987,000. The unamortized expense as of September 30, 2013 is expected to be recognized over a weighted-average period of 1.5 years for restricted stock and 2.0 years for restricted stock units.
	Restricted stock and restricted stock unit award activity under the Plans during the six months ended September 30, 2013 and 2012 is summarized as follows:
		2013						2012
	Restricted Shares	Shares			Weighted-			Shares			Weighted-
					Average						Average
					Grant						Grant Date Fair
					Date Fair Value						Value
	Non-vested shares at March 31,		42,820		$	19.33			100,899		$	11.61
	Awarded		8,000			53.91			8,700			33.73
	Vested		(34,120	)		15.66			(65,654	)		9.42
	Forfeited		—			—			(1,125	)		12.45
	Non-vested shares at September 30,		16,700		$	43.4			42,820		$	19.33
		2013									2012
	Restricted Stock Units	Shares			Weighted-			Shares			Weighted-
					Average						Average
Grant Date Fair					Grant Date Fair
Value					Value
Non-vested shares at March 31,		41,607		$	27.35			39,729		$	18.31
Granted		17,976			42.99			14,243			43.79
Vested		(16,643	)		23.75			(11,899	)		15.77
Forfeited		(1,217	)		27.6			—			—
Non-vested shares at September 30,		41,723		$	35.52			42,073		$	27.65

NET_EARNINGS_PER_SHARE

NET EARNINGS PER SHARE	6 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]	'
NET EARNINGS PER SHARE	'
	NOTE C–NET EARNINGS PER SHARE
	The Company’s basic net earnings per share is computed by dividing net earnings by the weighted average number of outstanding common shares. The Company’s diluted net earnings per share is computed by dividing net earnings by the weighted average number of outstanding common shares and common share equivalents relating to stock options, when dilutive. None of the outstanding options to purchase shares of common stock were excluded from the computation of common share equivalents during the three and six month periods ended September 30, 2013. Options to purchase 70,470 shares of common stock with a weighted average exercise price of $43.79 outstanding during the three and six month periods ended September 30, 2012, were excluded from the computation of common share equivalents because they were anti-dilutive as the per share exercise prices exceeded the per share market value.
	Weighted average shares outstanding consist of the following for the three and six months ended September 30, 2013 and 2012:
		Three Months Ended				Six Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
	Weighted average number of common shares outstanding		13,379,000		13,152,000		13,297,000		13,106,000
	Dilutive effect of option plan		347,000		676,000		421,000		746,000
	Common and potential shares outstanding–diluted		13,726,000		13,828,000		13,718,000		13,852,000

SHORTTERM_INVESTMENTS

SHORT-TERM INVESTMENTS	6 Months Ended
	Sep. 30, 2013
Investments Debt And Equity Securities [Abstract]	'
SHORT-TERM INVESTMENTS	'
	NOTE D–SHORT-TERM INVESTMENTS
	Trading securities consists of $77,241,000, invested in various money market funds at March 31, 2013. There were no short-term investments held at September 30, 2013. All of the trading securities are deemed to be Level 1 investments.

INVENTORIES

INVENTORIES	6 Months Ended
	Sep. 30, 2013
Inventory Disclosure [Abstract]	'
INVENTORIES	'
	NOTE E–INVENTORIES
	Inventories consist of the following:
		September 30, 2013		March 31, 2013
	Raw materials and sub-assemblies	$	57,922,000	$	29,310,000
	Finished goods		79,287,000		41,084,000
	Parts, garments and accessories		33,965,000		25,995,000
		$	171,174,000	$	96,389,000

LINE_OF_CREDIT

LINE OF CREDIT	6 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]	'
LINE OF CREDIT	'
	NOTE F–LINE OF CREDIT
	The Company entered into a $60,000,000 senior secured revolving credit agreement in November 2009 for documentary and stand-by letters of credit, working capital needs and general corporate purposes. This agreement is scheduled to expire in November 2013 and an amended credit facility extending and increasing the current credit agreement is in process. Under the current agreement, the Company may borrow up to $60,000,000 during June through November and up to $45,000,000 during all other months of the fiscal year. Borrowings under the line of credit bear interest at the greater of the following rates: the prime rate, the federal funds rate plus 0.50% or LIBOR for a 30 day interest period plus 1.00%. As of September 30, 2013, the effective rate was 4.00%. All borrowings are collateralized by substantially all of the Company’s assets, including all real estate, accounts receivable and inventory. No borrowings from the line of credit were outstanding at September 30, 2013 and March 31, 2013. The outstanding letters of credit balances were $4,583,000 and $7,130,000 at September 30, 2013 and 2012, respectively, and borrowings under the line are subject to certain covenants and restrictions on indebtedness, financial guarantees, business combinations and other related items. The Company was in compliance with the terms of the credit agreement as of September 30, 2013. Outstanding letters of credit will be repaid over the following six months in accordance with the credit agreement.

ACCRUED_EXPENSES

ACCRUED EXPENSES	6 Months Ended
	Sep. 30, 2013
Payables And Accruals [Abstract]	'
ACCRUED EXPENSES	'
	NOTE G–ACCRUED EXPENSES
	Accrued expenses consist of the following:
		September 30, 2013		March 31, 2013
	Marketing	$	11,086,000	$	11,971,000
	Compensation		9,409,000		10,682,000
	Warranties		20,653,000		18,709,000
	Insurance		6,878,000		9,254,000
	Other		8,182,000		5,120,000
		$	56,208,000	$	55,736,000

PRODUCT_WARRANTIES

PRODUCT WARRANTIES	6 Months Ended
	Sep. 30, 2013
Guarantees [Abstract]	'
PRODUCT WARRANTIES	'
	NOTE H–PRODUCT WARRANTIES
	The Company generally provides a limited warranty to the owner of snowmobiles for twelve months from the date of consumer registration and for six months from the date of consumer registration on all-terrain vehicles (“ATVs”) and recreational off-highway vehicles (“ROVs”). The Company provides for estimated warranty costs at the time of sale based on historical rates and trends and makes subsequent adjustments to its estimate as actual claims become known or the amounts are determinable. The following represents changes in the Company’s accrued warranty liability for the six-month periods ended September 30:
		2013			2012
	Balance at April 1	$	18,709,000		$	18,521,000
	Warranty provision		7,228,000			2,284,000
	Warranty claim payments		(5,284,000	)		(2,137,000	)
	Balance at September 30	$	20,653,000		$	18,668,000

SHAREHOLDERS_EQUITY

SHAREHOLDERS' EQUITY	6 Months Ended
	Sep. 30, 2013
Equity [Abstract]	'
SHAREHOLDERS' EQUITY	'
	NOTE I–SHAREHOLDERS’ EQUITY
	Share Repurchase Authorization
	During the six months ended September 30, 2013 and 2012, the Company invested $2,933,000 and $1,643,000, respectively, to repurchase and cancel 59,059 and 44,231 shares of common stock, respectively, pursuant to the Board of Directors’ prior share repurchase program authorizations. At September 30, 2013 and 2012, the Company has remaining authorization to repurchase up to $27,339,000 and $4,029,000 of its common stock, or approximately 479,000 and 97,000 shares based on the per share closing price of $57.05 and $41.46 as of September 30, 2013 and 2012, respectively.
	Additional Paid-in-Capital
	The components of the changes in additional paid-in-capital during the following periods were as follows:
		Six Months Ended September 30,
		2013			2012
	Balance at beginning of period	$	10,945,000		$	13,233,000
	Exercise of stock options		9,535,000			5,520,000
	Tax benefits from stock options exercised		7,493,000			6,525,000
	Repurchase of common stock		(20,078,000	)		(13,184,000	)
	Stock-based compensation expense		1,921,000			1,530,000
	Balance at end of period	$	9,816,000		$	13,624,000
	Accumulated Other Comprehensive Income (Loss)
	The components of the changes in accumulated other comprehensive income (loss) during the following periods were as follows:
		Six Months Ended September 30,
		2013			2012
	Balance at beginning of period	$	(4,166,000	)	$	(2,708,000	)
	Unrealized gain (loss) on derivative instruments, net of tax		631,000			(1,194,000	)
	Foreign currency translation adjustment		1,726,000			(907,000	)
	Balance at end of period	$	(1,809,000	)	$	(4,809,000	)
	Retained Earnings
	The components of the changes in retained earnings during the following periods were as follows:
		Six Months Ended September 30,
		2013			2012
	Balance at beginning of period	$	167,561,000		$	127,816,000
	Net earnings		28,833,000			26,966,000
	Dividends paid		(2,677,000	)		—
	Balance at end of period	$	193,717,000		$	154,782,000

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Sep. 30, 2013
Commitments And Contingencies Disclosure [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	NOTE J–COMMITMENTS AND CONTINGENCIES
	Dealer Financing
	Finance companies provide the Company’s North American dealers with floorplan financing. The Company has agreements with these finance companies to repurchase certain repossessed products sold to its dealers. At September 30, 2013, the Company was contingently liable under these agreements for a maximum repurchase amount of approximately $76,162,000. The Company’s financial exposure under these agreements is limited to the difference between the amount paid to the finance companies for repurchases and the amount received upon the resale of the repossessed product. Losses incurred under these agreements during the periods presented have not been material. The financing agreements also have loss sharing provisions should any dealer default, whereby the Company shares certain losses with the finance companies. The maximum liability to the Company under these provisions is approximately $6,700,000 at September 30, 2013.
	Litigation
	The Company is subject to legal proceedings and claims which arise in the ordinary course of business. Accidents involving personal injury and property damage may occur in the use of snowmobiles, ATVs and ROVs. Claims have been made against the Company from time to time relating to these accidents, and from time to time, parties assert claims relating to their intellectual property. It is the Company’s policy to vigorously defend against these actions. The Company is not involved in any legal proceedings which it believes will have the potential for a materially adverse impact on the Company’s business or financial condition, results of operations or cash flows. The Company has recorded a reserve based on its estimated range of potential exposures based on the legal proceedings and claims that it is aware of. Should any settlement occur that exceeds the Company’s estimate or a new claim arise, the Company may need to adjust its overall reserve and, depending on the amount, such adjustment could be material.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
FAIR VALUE MEASUREMENTS	'
	NOTE K–FAIR VALUE MEASUREMENTS
	As of September 30, 2013, we have notional Canadian dollar denominated cash flow hedges of approximately $115,753,000 (USD) with a weighted average contract exchange rate of 97.68 USD to CAD. The Company’s foreign currency contract fair value was an asset totaling $961,000 and considered a Level 2 measurement. As of March 31, 2013, the Company’s foreign currency contract fair value was a liability totaling $41,000 and considered a Level 2 measurement. See Note M for additional information regarding the Company’s Derivative Instruments and Hedging Activities.

SEGMENT_REPORTING

SEGMENT REPORTING	6 Months Ended
	Sep. 30, 2013
Segment Reporting [Abstract]	'
SEGMENT REPORTING	'
	NOTE L–SEGMENT REPORTING
	The Company manages each segment based on gross margin and there are no material transactions between the segments. Operating, general and administrative, tax and other expenses are not allocated to individual segments. Additionally, given the crossover 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 margin data.
		Three Months Ended				Six Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
	Net sales
	Snowmobile & ATV units	$	208,076,000	$	198,274,000	$	306,990,000	$	289,227,000
	Parts, garments, & accessories		30,449,000		30,756,000		52,303,000		51,114,000
	Total net sales		238,525,000		229,030,000		359,293,000		340,341,000
	Cost of goods sold
	Snowmobile & ATV units		157,748,000		146,000,000		235,656,000		221,556,000
	Parts, garments, & accessories		19,103,000		19,000,000		32,803,000		32,276,000
	Total cost of goods sold		176,851,000		165,000,000		268,459,000		253,832,000
	Gross profit
	Snowmobile & ATV units		50,328,000		52,274,000		71,334,000		67,671,000
	Parts, garments, & accessories		11,346,000		11,756,000		19,500,000		18,838,000
	Total gross profit	$	61,674,000	$	64,030,000	$	90,834,000	$	86,509,000
		Three Months Ended				Six Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
	Net sales by product line
	Snowmobile units	$	135,425,000	$	128,599,000	$	157,999,000	$	146,586,000
	ATV units		72,651,000		69,675,000		148,991,000		142,641,000
	Parts, garments, & accessories		30,449,000		30,756,000		52,303,000		51,114,000
	Total net sales	$	238,525,000	$	229,030,000	$	359,293,000	$	340,341,000
	Sales by geographic region were as follows:
		Three Months Ended				Six Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
	Net sales by geography
	United States	$	105,505,000	$	105,485,000	$	167,389,000	$	162,505,000
	Canada		82,946,000		75,371,000		124,167,000		108,002,000
	Europe and other		50,074,000		48,174,000		67,737,000		69,834,000
	Total net sales	$	238,525,000	$	229,030,000	$	359,293,000	$	340,341,000
	The Company has identifiable long-lived assets with total carrying values of approximately $991,000 and $1,533,000 at September 30, 2013 and March 31, 2013, respectively, outside the United States in Canada and Europe.

DERIVATIVE_INSTRUMENTS_AND_HED

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	6 Months Ended
	Sep. 30, 2013
Derivative Instruments And Hedging Activities Disclosure [Abstract]	'
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	'
	NOTE M–DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
	The Company is exposed to certain risks relating to its ongoing business operations. Foreign currency risk is the primary risk that is managed. Forward contracts are entered into in order to manage the foreign exchange risk associated with the forecasted revenue denominated in a foreign currency.
	The Company’s foreign currency management objective is to reduce earnings volatility related to movements in foreign exchange rates and limit the risk of loss in value of certain of its foreign currency-denominated cash flows. The Company actively manages certain forecasted foreign currency exposures, principally its exports sales to Canada. To protect against the reduction in value of forecasted foreign currency cash flows resulting from export sales, the Company hedges portions of its forecasted revenue denominated in foreign currencies with forward contracts. When the dollar strengthens against the foreign currency, the decline in present value of future foreign currency revenue is offset by gains in the fair value of the forward contracts designated as hedges. Conversely, when the dollar weakens, the increase in the present value of future foreign currency cash flows is offset by losses in the fair value of the forward contracts. The duration is linked to the timing of the underlying exposure, with the connection between the two being regularly monitored. The Company does not use any financial contracts for trading purposes.
	At September 30, 2013, the Company had the following open foreign currency contracts:
	Foreign Currency		Notional Amounts			Net Unrealized
			(in US Dollars)			Gain (Loss)
	Canadian Dollar		$	115,753,000		$	961,000
	Total		$	115,753,000		$	961,000
	These contracts, with maturities through March 31, 2014, met the criteria for cash flow hedges and the unrealized gains or losses, after tax, are recorded as a component of accumulated other comprehensive income in shareholders’ equity.
	The table below summarizes the carrying values of derivative instruments as of September 30, 2013 and March 31, 2013:
			Carrying Values of Derivative Instruments as of September 30, 2013
			Fair Value			Fair Value			Derivative Net
			Assets			(Liabilities)			Carrying Value
	Derivatives designated as hedging instruments
	Foreign exchange contracts (1)		$	975,000		$	14,000		$	961,000
			$	975,000		$	14,000		$	961,000
			Carrying Values of Derivative Instruments as of March 31, 2013
			Fair Value			Fair Value			Derivative Net
			Assets			(Liabilities)			Carrying Value
	Derivatives designated as hedging instruments
	Foreign exchange contracts (1)			—		$	41,000		$	(41,000	)
				—		$	41,000		$	(41,000	)
	-1	Assets are included in Accounts Receivable and liabilities are included in Accounts Payable on the accompanying consolidated balance sheets.
	For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative is reported as a component of accumulated other comprehensive income and reclassified into the income statement in the same period during which the hedged transaction affects the income statement. Gains and losses on the derivative representing hedge ineffectiveness are recognized in the current income statement. The table below provides data about the amount of gains and losses, net of tax, related to derivative instruments designated as cash flow hedges included in accumulated other comprehensive income for the three and six months ended September 30, 2013 and 2012:
	Derivatives in Cash		Three Months Ended						Six Months Ended
	Flow Hedging Relationships		September 30,						September 30,
			2013			2012			2013			2012
	Foreign currency contracts		$	(2,500,000	)	$	(2,512,000	)	$	631,000		$	(1,194,000	)
			$	(2,500,000	)	$	(2,512,000	)	$	631,000		$	(1,194,000	)
	See Note I for information about the amount of gains and losses, net of tax, reclassified from accumulated other comprehensive income into the income statement for derivative instruments designated as hedging instruments. The ineffective portion of foreign currency contracts was not material for the three and six month periods ended September 30, 2013 and 2012.

STOCKBASED_COMPENSATION_Tables

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Sep. 30, 2013
Option Transactions Under Plans	'
	Option transactions under the plans during the six months ended September 30, 2013, are summarized as follows:
		Shares			Weighted-			Weighted-			Aggregate
					Average			Average			Intrinsic Value
					Exercise			Contractual
					Price			Life
	Outstanding at March 31, 2013		1,010,650		$	17.61
	Granted		96,209			42.99
	Exercised		(606,393	)		15.73
	Cancelled		(9,071	)		25.68
	Outstanding at September 30, 2013		491,395		$	24.75			8.03 years		$	15,872,000
	Exercisable at September 30, 2013		265,659		$	17.8			7.61 years		$	10,427,000
Summary of Information Concerning Currently Outstanding and Exercisable Stock Option	'
	The following tables summarize information concerning currently outstanding and exercisable stock options at September 30, 2013:
	Options Outstanding
	Range of Exercise Prices	Number Outstanding			Weighted-Average			Weighted-Average
					Remaining Contractual Life			Exercise Price
	$6.26-9.38		7,800			3.29 years		$	6.26
	9.57-13.84		57,164			6.34 years			10.91
	14.68-21.03		238,507			7.64 years			15.99
	21.96-27.69		24,000			10.00 years			24.83
	33.67-43.79		163,924			9.10 years			43.19
			491,395			8.03 years		$	24.75
	Options Exercisable
	Range of Exercise Prices	Number Exercisable			Weighted-Average
					Exercise Price
	$6.26-9.38		7,800		$	6.26
	9.57-13.84		54,826			10.79
	14.68-21.03		157,170			16.13
	21.96-27.69		24,000			24.83
	33.67-43.79		21,863			43.79
			265,659		$	17.8
Assumptions Used to Determine Fair Value of Stock Option Issued	'
	For stock options issued during the three months ended September 30, 2013 and September 30, 2012, the following assumptions were used to determine fair value:
		Three Months Ended September 30, 2013
	Assumptions used:	2013			2012
	Expected term (in years)		5 years			5 years
	Expected volatility		49	%		47	%
	Risk free interest rate		0.81	%		1.3	%
	Expected dividend		1	%		1	%
	Fair Value	$	21.68		$	23.74
Restricted Stock Award	'
Restricted Stock Activity	'
	Restricted stock and restricted stock unit award activity under the Plans during the six months ended September 30, 2013 and 2012 is summarized as follows:
		2013						2012
	Restricted Shares	Shares			Weighted-			Shares			Weighted-
					Average						Average
					Grant						Grant Date Fair
					Date Fair Value						Value
	Non-vested shares at March 31,		42,820		$	19.33			100,899		$	11.61
	Awarded		8,000			53.91			8,700			33.73
	Vested		(34,120	)		15.66			(65,654	)		9.42
	Forfeited		—			—			(1,125	)		12.45
	Non-vested shares at September 30,		16,700		$	43.4			42,820		$	19.33
Restricted Stock Units	'
Restricted Stock Activity	'
		2013									2012
	Restricted Stock Units	Shares			Weighted-			Shares			Weighted-
					Average						Average
					Grant Date Fair						Grant Date Fair
					Value						Value
	Non-vested shares at March 31,		41,607		$	27.35			39,729		$	18.31
	Granted		17,976			42.99			14,243			43.79
	Vested		(16,643	)		23.75			(11,899	)		15.77
	Forfeited		(1,217	)		27.6			—			—
	Non-vested shares at September 30,		41,723		$	35.52			42,073		$	27.65

NET_EARNINGS_PER_SHARE_Tables

NET EARNINGS PER SHARE (Tables)	6 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]	'
Schedule of Weighted Average Shares Outstanding	'
	Weighted average shares outstanding consist of the following for the three and six months ended September 30, 2013 and 2012:
		Three Months Ended				Six Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
	Weighted average number of common shares outstanding		13,379,000		13,152,000		13,297,000		13,106,000
	Dilutive effect of option plan		347,000		676,000		421,000		746,000
	Common and potential shares outstanding–diluted		13,726,000		13,828,000		13,718,000		13,852,000

INVENTORIES_Tables

INVENTORIES (Tables)	6 Months Ended
	Sep. 30, 2013
Inventory Disclosure [Abstract]	'
Components of Inventories	'
	Inventories consist of the following:
		September 30, 2013		March 31, 2013
	Raw materials and sub-assemblies	$	57,922,000	$	29,310,000
	Finished goods		79,287,000		41,084,000
	Parts, garments and accessories		33,965,000		25,995,000
		$	171,174,000	$	96,389,000

ACCRUED_EXPENSES_Tables

ACCRUED EXPENSES (Tables)	6 Months Ended
	Sep. 30, 2013
Payables And Accruals [Abstract]	'
Components of Accrued Expenses	'
	Accrued expenses consist of the following:
		September 30, 2013		March 31, 2013
	Marketing	$	11,086,000	$	11,971,000
	Compensation		9,409,000		10,682,000
	Warranties		20,653,000		18,709,000
	Insurance		6,878,000		9,254,000
	Other		8,182,000		5,120,000
		$	56,208,000	$	55,736,000

PRODUCT_WARRANTIES_Tables

PRODUCT WARRANTIES (Tables)	6 Months Ended
	Sep. 30, 2013
Guarantees [Abstract]	'
Changes in Accrued Warranty Liability	'
	The following represents changes in the Company’s accrued warranty liability for the six-month periods ended September 30:
		2013			2012
	Balance at April 1	$	18,709,000		$	18,521,000
	Warranty provision		7,228,000			2,284,000
	Warranty claim payments		(5,284,000	)		(2,137,000	)
	Balance at September 30	$	20,653,000		$	18,668,000

SHAREHOLDERS_EQUITY_Tables

SHAREHOLDERS' EQUITY (Tables)	6 Months Ended
	Sep. 30, 2013
Equity [Abstract]	'
Components of Changes in Additional Paid-in-Capital	'
	The components of the changes in additional paid-in-capital during the following periods were as follows:
		Six Months Ended September 30,
		2013			2012
	Balance at beginning of period	$	10,945,000		$	13,233,000
	Exercise of stock options		9,535,000			5,520,000
	Tax benefits from stock options exercised		7,493,000			6,525,000
	Repurchase of common stock		(20,078,000	)		(13,184,000	)
	Stock-based compensation expense		1,921,000			1,530,000
	Balance at end of period	$	9,816,000		$	13,624,000
Components of Changes in Accumulated Other Comprehensive Income (Loss)	'
	The components of the changes in accumulated other comprehensive income (loss) during the following periods were as follows:
		Six Months Ended September 30,
		2013			2012
	Balance at beginning of period	$	(4,166,000	)	$	(2,708,000	)
	Unrealized gain (loss) on derivative instruments, net of tax		631,000			(1,194,000	)
	Foreign currency translation adjustment		1,726,000			(907,000	)
	Balance at end of period	$	(1,809,000	)	$	(4,809,000	)
Components of Changes in Retained Earnings	'
	The components of the changes in retained earnings during the following periods were as follows:
		Six Months Ended September 30,
		2013			2012
	Balance at beginning of period	$	167,561,000		$	127,816,000
	Net earnings		28,833,000			26,966,000
	Dividends paid		(2,677,000	)		—
	Balance at end of period	$	193,717,000		$	154,782,000

SEGMENT_REPORTING_Tables

SEGMENT REPORTING (Tables)	6 Months Ended
	Sep. 30, 2013
Segment Reporting [Abstract]	'
Schedule of Segment Information	'
	The Company manages each segment based on gross margin and there are no material transactions between the segments. Operating, general and administrative, tax and other expenses are not allocated to individual segments. Additionally, given the crossover 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 margin data.
		Three Months Ended				Six Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
	Net sales
	Snowmobile & ATV units	$	208,076,000	$	198,274,000	$	306,990,000	$	289,227,000
	Parts, garments, & accessories		30,449,000		30,756,000		52,303,000		51,114,000
	Total net sales		238,525,000		229,030,000		359,293,000		340,341,000
	Cost of goods sold
	Snowmobile & ATV units		157,748,000		146,000,000		235,656,000		221,556,000
	Parts, garments, & accessories		19,103,000		19,000,000		32,803,000		32,276,000
	Total cost of goods sold		176,851,000		165,000,000		268,459,000		253,832,000
	Gross profit
	Snowmobile & ATV units		50,328,000		52,274,000		71,334,000		67,671,000
	Parts, garments, & accessories		11,346,000		11,756,000		19,500,000		18,838,000
	Total gross profit	$	61,674,000	$	64,030,000	$	90,834,000	$	86,509,000
		Three Months Ended				Six Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
	Net sales by product line
	Snowmobile units	$	135,425,000	$	128,599,000	$	157,999,000	$	146,586,000
	ATV units		72,651,000		69,675,000		148,991,000		142,641,000
	Parts, garments, & accessories		30,449,000		30,756,000		52,303,000		51,114,000
	Total net sales	$	238,525,000	$	229,030,000	$	359,293,000	$	340,341,000
	Sales by geographic region were as follows:
		Three Months Ended				Six Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
	Net sales by geography
	United States	$	105,505,000	$	105,485,000	$	167,389,000	$	162,505,000
	Canada		82,946,000		75,371,000		124,167,000		108,002,000
	Europe and other		50,074,000		48,174,000		67,737,000		69,834,000
	Total net sales	$	238,525,000	$	229,030,000	$	359,293,000	$	340,341,000

DERIVATIVE_INSTRUMENTS_AND_HED1

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	6 Months Ended
	Sep. 30, 2013
Derivative Instruments And Hedging Activities Disclosure [Abstract]	'
Schedule of Foreign Currency Contracts	'
	At September 30, 2013, the Company had the following open foreign currency contracts:
	Foreign Currency	Notional Amounts			Net Unrealized
		(in US Dollars)			Gain (Loss)
	Canadian Dollar	$	115,753,000		$	961,000
	Total	$	115,753,000		$	961,000
Summary of Carrying Values of Derivative Instruments	'
	The table below summarizes the carrying values of derivative instruments as of September 30, 2013 and March 31, 2013:
		Carrying Values of Derivative Instruments as of September 30, 2013
		Fair Value			Fair Value			Derivative Net
		Assets			(Liabilities)			Carrying Value
	Derivatives designated as hedging instruments
	Foreign exchange contracts (1)	$	975,000		$	14,000		$	961,000
		$	975,000		$	14,000		$	961,000
		Carrying Values of Derivative Instruments as of March 31, 2013
		Fair Value			Fair Value			Derivative Net
		Assets			(Liabilities)			Carrying Value
	Derivatives designated as hedging instruments
	Foreign exchange contracts (1)		—		$	41,000		$	(41,000	)
			—		$	41,000		$	(41,000	)
Schedule of Gains and Losses, Net of Tax, Related to Derivative Instruments Designated as Cash Flow Hedges	'
	The table below provides data about the amount of gains and losses, net of tax, related to derivative instruments designated as cash flow hedges included in accumulated other comprehensive income for the three and six months ended September 30, 2013 and 2012:
	Derivatives in Cash	Three Months Ended						Six Months Ended
	Flow Hedging Relationships	September 30,						September 30,
		2013			2012			2013			2012
	Foreign currency contracts	$	(2,500,000	)	$	(2,512,000	)	$	631,000		$	(1,194,000	)
		$	(2,500,000	)	$	(2,512,000	)	$	631,000		$	(1,194,000	)

StockBased_Compensation_Additi

Stock-Based Compensation - Additional Information (Detail) (USD $)

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

6 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Mar. 31, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Mar. 31, 2013

Mar. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Mar. 31, 2013

Mar. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Aug. 31, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Restricted Stock Award

Restricted Stock Award

Restricted Stock Award

Restricted Stock Award

Restricted Stock Award

Restricted Stock Award

Restricted Stock Units

Restricted Stock Units

Restricted Stock Units

Restricted Stock Units

Restricted Stock Units

Restricted Stock Units

Stock Options and Restricted Stock Awards

Stock Options and Restricted Stock Awards

Stock Options and Restricted Stock Awards

Stock Options and Restricted Stock Awards

2013 Omnibus Stock and Incentive Plan

2013 Omnibus Stock and Incentive Plan

2013 Omnibus Stock and Incentive Plan

2007 Omnibus Stock and Incentive Plan

2007 Omnibus Stock and Incentive Plan

2007 Omnibus Stock and Incentive Plan

Minimum

Minimum

Maximum

Maximum

Restricted Stock Award

Restricted Stock Award

Restricted Stock Units

2013 Omnibus Stock and Incentive Plan

2013 Omnibus Stock and Incentive Plan

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

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Number of shares available for grant

1,099,500

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1,099,500

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'

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'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,100,000

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945,363

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'

'

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'

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Shares of common stock available for issuance

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'

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'

'

'

'

'

'

'

'

'

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1,099,500

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'

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Number of stock options outstanding

491,395

'

491,395

'

1,010,650

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

491,395

'

'

'

'

'

'

Restricted common stock issued and outstanding

'

'

'

'

'

16,700

42,820

16,700

42,820

42,820

100,899

41,723

42,073

41,723

42,073

41,607

39,729

'

'

'

'

'

'

500

'

16,200

41,723

'

'

'

'

Stock options and restricted stock awards granted, vesting period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'1 year

'

'3 years

'

Stock options contractual life

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'5 years

'

'10 years

'

Unrecognized compensation costs related to non-vested stock options and restricted stock awards

$3,819,000

'

$3,819,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Compensation expense related to non-vested stock options, weighted average period of recognition

'

'

'2 years

'

'

'

'

'1 year 6 months

'

'

'

'

'

'2 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock-based compensation expense

'

'

1,921,000

1,530,000

'

175,000

192,000

262,000

319,000

'

'

115,000

120,000

404,000

333,000

'

'

592,000

458,000

1,921,000

1,530,000

'

'

'

'

'

'

'

'

'

'

Stock-based compensation related expense reduced in basic and diluted earnings per share

$0.03

$0.02

$0.09

$0.07

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock and option grants, forfeiture rate

'

'

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock award requisite service period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'2 years

'

'3 years

Unamortized compensation expense

'

'

'

'

'

$516,000

'

$516,000

'

'

'

$987,000

'

$987,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Option_Transactions_Under_Plan

Option Transactions Under Plans (Detail) (USD $)	6 Months Ended
	Sep. 30, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]	'
Number of Shares under option, Outstanding beginning balance	1,010,650
Number of Shares under option, Granted	96,209
Number of Shares under option, Exercised	-606,393
Number of Shares under option, Cancelled	-9,071
Number of Shares under option, Outstanding ending balance	491,395
Number of Shares under option, Options exercisable	265,659
Weighted-Average Exercise Price, Outstanding beginning balance	$17.61
Weighted-Average Exercise Price, Granted	$42.99
Weighted-Average Exercise Price, Exercised	$15.73
Weighted-Average Exercise Price, Cancelled	$25.68
Weighted-Average Exercise Price, Outstanding ending balance	$24.75
Weighted-Average Exercise Price, Options exercisable	$17.80
Weighted-Average Contractual Life Years, Outstanding ending balance	'8 years 11 days
Weighted-Average Contractual Life Years, Exercisable ending balance	'7 years 7 months 10 days
Aggregate Intrinsic Value, Outstanding ending balance	$15,872,000
Aggregate Intrinsic Value, Exercisable ending balance	$10,427,000

Summary_of_Information_Concern

Summary of Information Concerning Currently Outstanding and Exercisable Stock Option (Detail) (USD $)	6 Months Ended
	Sep. 30, 2013
Share Based Compensation Arrangements By Share Based Payment Award Options [Line Items]	'
Number Outstanding	491,395
Weighted-Average Remaining Contractual Life	'8 years 11 days
Weighted-Average Exercise Price	$24.75
Number Exercisable	265,659
Weighted-Average Exercise Price	$17.80
6.26-9.38	'
Share Based Compensation Arrangements By Share Based Payment Award Options [Line Items]	'
Range of Exercise Prices, Minimum	$6.26
Range of Exercise Prices, Maximum	$9.38
Number Outstanding	7,800
Weighted-Average Remaining Contractual Life	'3 years 3 months 15 days
Weighted-Average Exercise Price	$6.26
Number Exercisable	7,800
Weighted-Average Exercise Price	$6.26
9.57-13.84	'
Share Based Compensation Arrangements By Share Based Payment Award Options [Line Items]	'
Range of Exercise Prices, Minimum	$9.57
Range of Exercise Prices, Maximum	$13.84
Number Outstanding	57,164
Weighted-Average Remaining Contractual Life	'6 years 4 months 2 days
Weighted-Average Exercise Price	$10.91
Number Exercisable	54,826
Weighted-Average Exercise Price	$10.79
14.68-21.03	'
Share Based Compensation Arrangements By Share Based Payment Award Options [Line Items]	'
Range of Exercise Prices, Minimum	$14.68
Range of Exercise Prices, Maximum	$21.03
Number Outstanding	238,507
Weighted-Average Remaining Contractual Life	'7 years 7 months 21 days
Weighted-Average Exercise Price	$15.99
Number Exercisable	157,170
Weighted-Average Exercise Price	$16.13
21.96-27.69	'
Share Based Compensation Arrangements By Share Based Payment Award Options [Line Items]	'
Range of Exercise Prices, Minimum	$21.96
Range of Exercise Prices, Maximum	$27.69
Number Outstanding	24,000
Weighted-Average Remaining Contractual Life	'10 years
Weighted-Average Exercise Price	$24.83
Number Exercisable	24,000
Weighted-Average Exercise Price	$24.83
33.67-43.79	'
Share Based Compensation Arrangements By Share Based Payment Award Options [Line Items]	'
Range of Exercise Prices, Minimum	$33.67
Range of Exercise Prices, Maximum	$43.79
Number Outstanding	163,924
Weighted-Average Remaining Contractual Life	'9 years 1 month 6 days
Weighted-Average Exercise Price	$43.19
Number Exercisable	21,863
Weighted-Average Exercise Price	$43.79

Assumptions_Used_to_Determine_

Assumptions Used to Determine Fair Value of Stock Option Issued (Detail) (USD $)	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]	'	'
Expected term (in years)	'5 years	'5 years
Expected volatility	49.00%	47.00%
Risk free interest rate	0.81%	1.30%
Expected dividend	1.00%	1.00%
Fair Value	$21.68	$23.74

Restricted_Stock_Activity_Deta

Restricted Stock Activity (Detail) (USD $)	6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Restricted Stock Units	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Non-vested shares, Beginning balance	41,607	39,729
Awarded	17,976	14,243
Vested	-16,643	-11,899
Forfeited	-1,217	'
Non-vested shares, Ending balance	41,723	42,073
Non-vested shares, Weighted-Average Grant Date Fair Value Beginning	$27.35	$18.31
Awarded	$42.99	$43.79
Vested	$23.75	$15.77
Forfeited	$27.60	'
Non-vested shares, Weighted-Average Grant Date Fair Value Ending	$35.52	$27.65
Restricted Stock Award	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Non-vested shares, Beginning balance	42,820	100,899
Non-vested shares, Weighted-Average Grant Date Fair Value Beginning	$19.33	$11.61
Awarded	8,000	8,700
Vested	-34,120	-65,654
Forfeited	'	-1,125
Non-vested shares, Ending balance	16,700	42,820
Awarded	$53.91	$33.73
Vested	$15.66	$9.42
Forfeited	'	$12.45
Non-vested shares, Weighted-Average Grant Date Fair Value Ending	$43.40	$19.33

Net_Earnings_Per_Share_Additio

Net Earnings Per Share - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Earnings Per Share [Abstract]	'	'	'	'
Anti-dilutive options to purchase shares of common stock excluded from computation of common share equivalents	0	70,470	0	70,470
Anti-dilutive options to purchase shares of common stock excluded from computation of common share equivalents, weighted average exercise price	'	$43.79	'	$43.79

Net_Earnings_Per_Share_Schedul

Net Earnings Per Share - Schedule of Weighted Average Shares Outstanding (Detail)	3 Months Ended		6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Earnings Per Share [Abstract]	'	'	'	'
Weighted average number of common shares outstanding	13,379,000	13,152,000	13,297,000	13,106,000
Dilutive effect of option plan	347,000	676,000	421,000	746,000
Common and potential shares outstanding-diluted	13,726,000	13,828,000	13,718,000	13,852,000

ShortTerm_Investments_Addition

Short-Term Investments - Additional Information (Detail) (USD $)	Sep. 30, 2013	Mar. 31, 2013
Short Term Investments [Abstract]	'	'
Investment in money market funds	$0	$77,241,000

Components_of_Inventories_Deta

Components of Inventories (Detail) (USD $)	Sep. 30, 2013	Mar. 31, 2013
Inventories [Abstract]	'	'
Raw materials and sub-assemblies	$57,922,000	$29,310,000
Finished goods	79,287,000	41,084,000
Parts, garments and accessories	33,965,000	25,995,000
Inventory, Total	$171,174,000	$96,389,000

Line_of_Credit_Additional_Info

Line of Credit - Additional Information (Detail) (USD $)	6 Months Ended			6 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Nov. 30, 2009	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Mar. 31, 2013	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2013
		Senior Secured Revolving Credit Facility	Senior Secured Revolving Credit Facility	Senior Secured Revolving Credit Facility	Senior Secured Revolving Credit Facility	Line of Credit	Line of Credit	Letter of Credit	Letter of Credit	June through November	All other months
				Federal Funds Rate	Libor Rate					Senior Secured Revolving Credit Facility	Senior Secured Revolving Credit Facility
Line of Credit Facility [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Line of credit facility maximum borrowing capacity value	'	'	$60,000,000	'	'	'	'	'	'	$60,000,000	$45,000,000
Line of credit facility expiration date	'	'2013-11	'	'	'	'	'	'	'	'	'
Senior secured revolving credit agreement description	'	'The Company may borrow up to $60,000,000 during June through November and up to $45,000,000 during all other months of the fiscal year.	'	'	'	'	'	'	'	'	'
Line of credit, basis spread variable rate	'	'	'	0.50%	1.00%	'	'	'	'	'	'
Borrowings under line of credit bear interest at effective rate	4.00%	'	'	'	'	'	'	'	'	'	'
Line of credit Interest rate description	'Borrowings under the line of credit bear interest at the greater of the following rates: the prime rate, the federal funds rate plus 0.50% or LIBOR for a 30 day interest period plus 1.00%. As of September 30, 2013, the effective rate was 4.00%.	'	'	'	'	'	'	'	'	'	'
Outstanding letters of credit balances	'	'	'	'	'	$0	$0	$4,583,000	$7,130,000	'	'

Components_of_Accrued_Expenses

Components of Accrued Expenses (Detail) (USD $)	Sep. 30, 2013	Mar. 31, 2013	Sep. 30, 2012	Mar. 31, 2012
Accrued Expenses [Abstract]	'	'	'	'
Marketing	$11,086,000	$11,971,000	'	'
Compensation	9,409,000	10,682,000	'	'
Warranties	20,653,000	18,709,000	18,668,000	18,521,000
Insurance	6,878,000	9,254,000	'	'
Other	8,182,000	5,120,000	'	'
Accrued Liabilities, Current, Total	$56,208,000	$55,736,000	'	'

Product_Warranties_Additional_

Product Warranties - Additional Information (Detail)	6 Months Ended
	Sep. 30, 2013
Snowmobiles	'
Product Warranty [Line Items]	'
Product warranty term from date of consumer registration	'12 months
ATV And ROV Units	'
Product Warranty [Line Items]	'
Product warranty term from date of consumer registration	'6 months

Changes_in_Accrued_Warranty_Li

Changes in Accrued Warranty Liability (Detail) (USD $)	6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Product Warranties Disclosures [Abstract]	'	'
Product Warranty Accrual, Beginning Balance	$18,709,000	$18,521,000
Warranty provision	7,228,000	2,284,000
Warranty claim payments	-5,284,000	-2,137,000
Product Warranty Accrual, Ending Balance	$20,653,000	$18,668,000

Shareholders_Equity_Additional

Shareholders' Equity - Additional Information (Detail) (USD $)	6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Shareholders Equity [Abstract]	'	'
Value of shares repurchased and canceled	$2,933,000	$1,643,000
Number of shares repurchased and canceled	59,059	44,231
Stock repurchase program remaining authorized repurchase value	$27,339,000	$4,029,000
Remaining authorization common stock repurchase	479,000	97,000
Remaining authorization common stock repurchase per share closing price	$57.05	$41.46

Components_of_Changes_in_Addit

Components of Changes in Additional Paid-in-Capital (Detail) (USD $)	6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Equity [Abstract]	'	'
Additional paid-in-capital, Beginning Balance	$10,945,000	$13,233,000
Exercise of stock options	9,535,000	5,520,000
Tax benefits from stock options exercised	7,493,000	6,525,000
Repurchase of common stock	-20,078,000	-13,184,000
Stock-based compensation expense	1,921,000	1,530,000
Additional paid-in-capital, Ending Balance	$9,816,000	$13,624,000

Components_of_Changes_in_Accum

Components of Changes in Accumulated Other Comprehensive Income (Loss) (Detail) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Equity [Abstract]	'	'	'	'
Balance at beginning of period	'	'	($4,166,000)	($2,708,000)
Unrealized gain (loss) on derivative instruments, net of tax	-2,500,000	-2,513,000	631,000	-1,194,000
Foreign currency translation adjustment	1,088,000	656,000	1,726,000	-907,000
Balance at end of period	($1,809,000)	($4,809,000)	($1,809,000)	($4,809,000)

Components_of_Changes_in_Retai

Components of Changes in Retained Earnings (Detail) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Equity [Abstract]	'	'	'	'
Balance at beginning of period	'	'	$167,561,000	$127,816,000
Net earnings	23,365,000	24,959,000	28,833,000	26,967,000
Dividends paid	'	'	-2,677,000	'
Balance at end of period	$193,717,000	$154,782,000	$193,717,000	$154,782,000

Commitments_and_Contingencies_

Commitments and Contingencies - Additional Information (Detail) (USD $)	Sep. 30, 2013
Loss Sharing Provisions [Line Items]	'
Maximum repurchase amount repossessed products sold to dealers	$76,162,000
Loss Sharing Provisions	'
Loss Sharing Provisions [Line Items]	'
Maximum repurchase amount repossessed products sold to dealers	$6,700,000

Fair_Value_Measurements_Additi

Fair Value Measurements - Additional Information (Detail) (USD $)	Sep. 30, 2013	Mar. 31, 2013
Fair Value Measurements Disclosure [Line Items]	'	'
Denominated cash flow hedges notional amount	$115,753,000	'
Weighted average contract exchange rate	97.68	'
Fair Value, Inputs, Level 2	'	'
Fair Value Measurements Disclosure [Line Items]	'	'
Foreign currency contract fair value liability	$961,000	$41,000

Schedule_of_Segment_Informatio

Schedule of Segment Information (Detail) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	$238,525,000	$229,030,000	$359,293,000	$340,341,000
Cost of goods sold	176,851,000	165,000,000	268,459,000	253,832,000
Gross profit	61,674,000	64,030,000	90,834,000	86,509,000
United States	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	105,505,000	105,485,000	167,389,000	162,505,000
Canada	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	82,946,000	75,371,000	124,167,000	108,002,000
Europe and other	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	50,074,000	48,174,000	67,737,000	69,834,000
Snowmobile units - Product line	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	135,425,000	128,599,000	157,999,000	146,586,000
ATV units - Product line	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	72,651,000	69,675,000	148,991,000	142,641,000
Parts, garments & accessories - Product line	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	30,449,000	30,756,000	52,303,000	51,114,000
Snowmobile & ATV units	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	208,076,000	198,274,000	306,990,000	289,227,000
Cost of goods sold	157,748,000	146,000,000	235,656,000	221,556,000
Parts, garments & accessories	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	30,449,000	30,756,000	52,303,000	51,114,000
Cost of goods sold	19,103,000	19,000,000	32,803,000	32,276,000
Operating segments | Snowmobile & ATV units	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	208,076,000	198,274,000	306,990,000	289,227,000
Cost of goods sold	157,748,000	146,000,000	235,656,000	221,556,000
Gross profit	50,328,000	52,274,000	71,334,000	67,671,000
Operating segments | Parts, garments & accessories	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	30,449,000	30,756,000	52,303,000	51,114,000
Cost of goods sold	19,103,000	19,000,000	32,803,000	32,276,000
Gross profit	$11,346,000	$11,756,000	$19,500,000	$18,838,000

Segment_Reporting_Additional_I

Segment Reporting - Additional Information (Detail) (Canada And Europe, USD $)	Sep. 30, 2013	Mar. 31, 2013
Canada And Europe	'	'
Revenues from External Customers and Long-Lived Assets [Line Items]	'	'
Long-lived assets with carrying value	$991,000	$1,533,000

Recovered_Sheet1

Derivative Instruments and Hedging Activities - Schedule of Foreign Currency Contracts (Detail) (USD $)	6 Months Ended
	Sep. 30, 2013
Derivative Instruments and Hedging Activities Disclosures [Line Items]	'
Notional Amounts	$115,753,000
Cash Flow Hedging	'
Derivative Instruments and Hedging Activities Disclosures [Line Items]	'
Notional Amounts	115,753,000
Net Unrealized Gain (Loss)	961,000
Cash Flow Hedging | Foreign Currency Canadian Dollar	'
Derivative Instruments and Hedging Activities Disclosures [Line Items]	'
Notional Amounts	115,753,000
Net Unrealized Gain (Loss)	$961,000

Recovered_Sheet2

Derivative Instruments and Hedging Activities - Additional Information (Detail) (Maximum)	6 Months Ended
	Sep. 30, 2013
Maximum	'
Derivative Instruments and Hedging Activities Disclosures [Line Items]	'
Maturity of Foreign Currency Derivatives	31-Mar-14

Derivative_Instruments_and_Hed2

Derivative Instruments and Hedging Activities - Summary of Carrying Values of Derivative Instruments (Detail) (USD $)	Sep. 30, 2013	Mar. 31, 2013
Derivatives, Fair Value [Line Items]	'	'
Fair Value Assets	$975,000	'
Fair Value (Liabilities)	14,000	41,000
Derivative Net Carrying Value	961,000	-41,000
Designated as Hedging Instrument	'	'
Derivatives, Fair Value [Line Items]	'	'
Fair Value Assets	975,000	'
Fair Value (Liabilities)	14,000	41,000
Derivative Net Carrying Value	$961,000	($41,000)

Derivative_Instruments_and_Hed3

Derivative Instruments and Hedging Activities - Schedule of Gains and Losses, Net of Tax, Related to Derivative Instruments Designated as Cash Flow Hedges (Detail) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 23, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'
Foreign currency contracts	($2,500,000)	($2,512,000)	$631,000	($1,194,000)
Derivative in Cash Flow Hedging Relationships	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'
Foreign currency contracts	($2,500,000)	($2,512,000)	$631,000	($1,194,000)