Arctic Cat (ACAT) 10-Q 6 Nov 14 2015 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Sep. 30, 2014	Oct. 31, 2014
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2015	'
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	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	12,935,158

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)	Sep. 30, 2014	Mar. 31, 2014
Current Assets	'	'
Cash and cash equivalents	$24,014,000	$22,524,000
Short-term investments	8,000	60,008,000
Accounts receivable, less allowances	106,039,000	42,003,000
Inventories	170,084,000	140,652,000
Prepaid expenses	3,370,000	3,815,000
Income taxes receivable	'	1,323,000
Deferred income taxes	17,876,000	14,971,000
Total current assets	321,391,000	285,296,000
Property and Equipment	'	'
Machinery, equipment and tooling	190,113,000	181,028,000
Land, buildings and improvements	29,757,000	29,758,000
Property, Plant and Equipment, Gross, Total	219,870,000	210,786,000
Less accumulated depreciation	162,746,000	154,855,000
Property, Plant and Equipment, Net, Total	57,124,000	55,931,000
Other Assets	931,000	1,067,000
Assets, Total	379,446,000	342,294,000
Current Liabilities	'	'
Accounts payable	98,276,000	93,882,000
Accrued expenses	61,608,000	54,659,000
Income taxes payable	10,259,000	'
Total current liabilities	170,143,000	148,541,000
Deferred Income Taxes	9,080,000	8,710,000
Commitments and Contingencies	'	'
Shareholders' Equity	'	'
Preferred stock	0	0
Common stock, par value $.01; 37,440,000 shares authorized; shares issued and outstanding: 12,933,573 at September 30, 2014 and 12,882,705 at March 31, 2014	129,000	129,000
Additional paid-in-capital	1,265,000	0
Accumulated other comprehensive loss	-3,912,000	-2,110,000
Retained earnings	202,741,000	187,024,000
Total shareholders' equity	200,223,000	185,043,000
Liabilities and Equity, Total	379,446,000	342,294,000
Preferred Stock - Series B Junior Participating	'	'
Shareholders' Equity	'	'
Preferred stock	$0	$0

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) (USD $)	Sep. 30, 2014	Mar. 31, 2014
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	12,933,573	12,882,705
Common stock, shares outstanding	12,933,573	12,882,705
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 (unaudited) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net sales	'	'	'	'
Net sales	$262,479,000	$238,525,000	$406,118,000	$359,293,000
Cost of goods sold	'	'	'	'
Cost of goods sold	207,398,000	176,851,000	320,236,000	268,459,000
Gross profit	55,081,000	61,674,000	85,882,000	90,834,000
Operating expenses	'	'	'	'
Selling & marketing	12,074,000	12,116,000	19,055,000	19,110,000
Research & development	6,621,000	6,286,000	11,967,000	11,568,000
General & administrative	12,325,000	7,019,000	25,229,000	15,430,000
Total operating expenses	31,020,000	25,421,000	56,251,000	46,108,000
Operating profit	24,061,000	36,253,000	29,631,000	44,726,000
Other income (expense)	'	'	'	'
Interest income	6,000	7,000	10,000	16,000
Interest expense	-209,000	-37,000	-249,000	-40,000
Total other expense	-203,000	-30,000	-239,000	-24,000
Earnings before income taxes	23,858,000	36,223,000	29,392,000	44,702,000
Income tax expense	8,469,000	12,858,000	10,434,000	15,869,000
Net earnings	15,389,000	23,365,000	18,958,000	28,833,000
Net earnings per share	'	'	'	'
Basic	$1.19	$1.75	$1.47	$2.17
Diluted	$1.18	$1.70	$1.45	$2.10
Weighted average shares outstanding	'	'	'	'
Basic	12,922,000	13,379,000	12,909,000	13,297,000
Diluted	13,074,000	13,726,000	13,078,000	13,718,000
Snowmobile & ATV units	'	'	'	'
Net sales	'	'	'	'
Net sales	227,382,000	208,076,000	347,360,000	306,990,000
Cost of goods sold	'	'	'	'
Cost of goods sold	185,064,000	157,748,000	282,765,000	235,656,000
Gross profit	42,318,000	50,328,000	64,595,000	71,334,000
Parts, garments & accessories	'	'	'	'
Net sales	'	'	'	'
Net sales	35,097,000	30,449,000	58,758,000	52,303,000
Cost of goods sold	'	'	'	'
Cost of goods sold	22,334,000	19,103,000	37,471,000	32,803,000
Gross profit	$12,763,000	$11,346,000	$21,287,000	$19,500,000

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net earnings	$15,389,000	$23,365,000	$18,958,000	$28,833,000
Other comprehensive income (loss):	'	'	'	'
Foreign currency translation adjustments	-2,602,000	1,088,000	-2,906,000	1,726,000
Unrealized gain (loss) on derivative instruments, net of tax	3,674,000	-2,500,000	1,104,000	631,000
Comprehensive income	$16,461,000	$21,953,000	$17,156,000	$31,190,000

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:	'	'
Net earnings	$18,958,000	$28,833,000
Adjustments to reconcile net earnings to net cash provided by operating activities:	'	'
Depreciation and amortization	8,184,000	7,017,000
Deferred income tax expense	-3,183,000	863,000
Stock-based compensation expense	2,799,000	1,921,000
(Gain) loss on disposal of fixed assets	-1,000	1,000
Changes in operating assets and liabilities:	'	'
Trading securities	60,000,000	77,240,000
Accounts receivable, less allowances	-63,581,000	-73,322,000
Inventories	-30,377,000	-73,407,000
Prepaid expenses	435,000	1,450,000
Accounts payable	867,000	45,740,000
Accrued expenses	7,171,000	335,000
Income taxes	11,456,000	1,438,000
Net cash provided by operating activities	12,728,000	18,109,000
Cash flows from investing activities:	'	'
Purchases of property and equipment	-9,328,000	-8,326,000
Net cash used in investing activities	-9,328,000	-8,326,000
Cash flows from financing activities:	'	'
Checks written in excess of bank balances	4,101,000	0
Proceeds from issuance of common stock	34,000	19,000
Payments for income taxes on net-settled option exercises	-1,300,000	-7,630,000
Tax benefit from stock options exercises	739,000	7,493,000
Dividends paid	-3,241,000	-2,677,000
Repurchase of common stock	-1,007,000	-2,932,000
Net cash used in financing activities	-674,000	-5,727,000
Effect of exchange rate changes on cash and cash equivalents	-1,236,000	452,000
Net increase in cash and cash equivalents	1,490,000	4,508,000
Cash and cash equivalents at beginning of period	22,524,000	35,566,000
Cash and cash equivalents at end of period	24,014,000	40,074,000
Supplemental disclosure of cash payments for:	'	'
Income taxes	1,067,000	5,722,000
Interest	$149,000	$40,000

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Sep. 30, 2014
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, 2014, results of operations for the three-month and six-month periods ended September 30, 2014 and 2013 and cash flows for the six-month periods ended September 30, 2014 and 2013. 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, 2014 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, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
STOCK-BASED COMPENSATION	'
	NOTE B–STOCK-BASED COMPENSATION
	Stock Option Plans
	The Company has stock-based compensation plans, previously approved by the Company’s shareholders that provide for incentive and non-qualified stock options, restricted stock and restricted stock unit awards and other incentive awards to be granted to directors, officers, other key employees and consultants. The stock options granted generally have a five to ten year life, vest over a period of one to three years, and have an exercise price equal to the fair market value of the stock on the date of grant. The stock options are generally subject to accelerated vesting if there is a change in control, as defined in the plans. The restricted stock awards generally vest over a period of two to three years and do not require cash payments from restricted stock award recipients. At September 30, 2014, the Company had 1,017,619 shares of common stock available for grant under the plans.
	For the three months ended September 30, 2014 and 2013, the Company recorded stock-based compensation expense for stock options and restricted stock awards of $895,000 and $592,000, respectively, and for the six months ended September 30, 2014 and 2013, the Company recorded stock-based compensation expense for stock options and restricted stock awards of $2,799,000 and $1,921,000, respectively, which have 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 $0.04 and $0.03 for each of the three months ended September 30, 2014 and 2013, respectively, and by $0.14 and $0.09 for the six months ended September 30, 2014 and 2013, respectively.
	At September 30, 2014, the Company had $2,426,000 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.
	The Company accounts for stock option based compensation by estimating the fair value of options granted using a Black-Scholes option valuation model. For stock options issued during the six months ended September 30, 2014 and 2013, the following assumptions were used to determine fair value:
		Six Months Ended September 30, 2014
	Assumptions used:	2014			2013
	Expected term (in years)		6 years			5 years
	Expected volatility		49	%		49	%
	Risk free interest rate		0.8	%		0.8	%
	Expected dividend		1	%		1	%
	Fair Value	$	20.38		$	21.68
	Option transactions under the plans during the six months ended September 30, 2014, are summarized as follows:
		Shares			Weighted			Weighted			Aggregate
					Average			Average			Intrinsic Value
					Exercise Price			Contractual Life
	Outstanding at March 31, 2014		480,837		$	24.95
	Granted		38,794			47.52
	Exercised		(95,345	)		15.23
	Cancelled		(68,936	)		43.28
	Outstanding at September 30, 2014		355,350		$	26.46			7.35 years		$	4,254,000
	Exercisable at September 30, 2014		266,118		$	20.27			6.87 years		$	4,252,000
	The aggregate intrinsic value is based on the difference between the exercise price and the Company’s September 30, 2014 common share market value for in-the-money options.
	The following tables summarize information concerning currently outstanding and exercisable stock options at September 30, 2014:
	Options Outstanding and Exercisable
	Range of Exercise	Number			Weighted Average			Weighted			Number		Weighted
		Outstanding			Remaining			Average			Exercisable		Average
	Prices				Contractual Life			Exercise Price					Exercise Price
	$6.26		3,800			4.85 years		$	6.26			3,800	$	6.26
	9.57-13.59		54,287			5.50 years			10.79			54,287		10.79
	14.68-21.03		139,421			6.74 years			16.18			139,421		16.18
	21.96-27.69		24,000			9.10 years			24.83			24,000		24.83
	33.67-47.79		133,842			8.50 years			44.39			44,610		43.31
			355,350			7.35 years		$	26.46			266,118	$	20.27
	In August 2013, the Company’s shareholders adopted the 2013 Omnibus Stock and Incentive Plan (the “2013 Plan”). 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, 2014, 1,017,619 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”). 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.
	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 expected 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, 2014, the Company had 7,300 shares of restricted common stock issued and outstanding and 13,231 unvested restricted stock units outstanding under the 2007 Plan and 8,000 shares of restricted common stock issued and outstanding and 22,768 unvested restricted stock units 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.
	Restricted stock and restricted stock unit award activity under the Plans during the six months ended September 30, 2014 and 2013 is summarized as follows:
		2014						2013
	Restricted Shares	Shares			Weighted			Shares			Weighted
					Average						Average
					Grant Date Fair						Grant Date Fair
					Value						Value
	Non-vested shares at March 31,		16,200		$	43.45			42,820		$	19.33
	Awarded		7,500			34.02			8,000			53.91
	Vested		(8,400	)		33.74			(34,120	)		15.66
	Non-vested shares at September 30,		15,300		$	44.16			16,700		$	43.4
		2014									2013
	Restricted Stock Units	Shares			Weighted			Shares			Weighted
					Average						Average
					Grant Date Fair						Grant Date Fair
					Value						Value
	Non-vested shares at March 31,		40,103		$	35.35			41,607		$	27.35
	Granted		43,772			37.05			17,976			42.99
	Vested		(47,876	)		32.77			(16,643	)		23.75
	Forfeited		—			—			(1,217	)		27.6
	Non-vested shares at September 30,		35,999		$	40.85			41,723		$	35.52

NET_EARNINGS_PER_SHARE

NET EARNINGS PER SHARE	6 Months Ended
	Sep. 30, 2014
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. Options to purchase 131,780 and 166,218 shares of common stock with a weighted average exercise price of $44.64 and $44.36 outstanding during the three and six month periods ended September 30, 2014, 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. No options outstanding were excluded from the computation of common share equivalents because they were anti-dilutive during the three and six month periods ended September 30, 2013.
	Weighted average shares outstanding consist of the following for the three and six months ended September 30, 2014 and 2013:
		Three Months Ended				Six Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
	Weighted average number of common shares outstanding		12,922,000		13,379,000		12,909,000		13,297,000
	Dilutive effect of option plan		152,000		347,000		169,000		421,000
	Common and potential shares outstanding—diluted		13,074,000		13,726,000		13,078,000		13,718,000

SHORTTERM_INVESTMENTS

SHORT-TERM INVESTMENTS	6 Months Ended
	Sep. 30, 2014
Investments, Debt and Equity Securities [Abstract]	'
SHORT-TERM INVESTMENTS	'
	NOTE D–SHORT-TERM INVESTMENTS
	Trading securities consisted of $8,000 and $60,008,000, invested in various money market funds at September 30, 2014 and March 31, 2014, respectively. All of the trading securities are deemed to be Level 1 investments.

INVENTORIES

INVENTORIES	6 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
INVENTORIES	'
	NOTE E–INVENTORIES
	Inventories consist of the following:
		September 30, 2014		March 31, 2014
	Raw materials and sub-assemblies	$	56,384,000	$	52,580,000
	Finished goods		76,657,000		55,327,000
	Parts, garments and accessories		37,043,000		32,745,000
		$	170,084,000	$	140,652,000

LINE_OF_CREDIT

LINE OF CREDIT	6 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
LINE OF CREDIT	'
	NOTE F–LINE OF CREDIT
	The Company entered into a $100,000,000 senior secured revolving credit agreement in November 2013 for documentary and stand-by letters of credit, working capital needs and general corporate purposes, which amended and restated the Company’s prior $60,000,000 senior secured revolving credit agreement. This agreement is scheduled to expire in November 2017. Under the agreement, the Company may borrow up to $100,000,000 during May through November and up to $50,000,000 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 plus 0.75%, the federal funds rate plus 0.50% or LIBOR for a 30 day interest period plus 1.00%. As of September 30, 2014, the effective rate was 3.5%. 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, 2014 and March 31, 2014. The outstanding letters of credit balances were $6,079,000 and $4,583,000 at September 30, 2014 and 2013, 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, 2014. Outstanding letters of credit will be repaid during the six month period following execution or renewal of the letter of credit.

ACCRUED_EXPENSES

ACCRUED EXPENSES	6 Months Ended
	Sep. 30, 2014
Payables and Accruals [Abstract]	'
ACCRUED EXPENSES	'
	NOTE G–ACCRUED EXPENSES
	Accrued expenses consist of the following:
		September 30, 2014		March 31, 2014
	Marketing	$	10,369,000	$	11,671,000
	Compensation		10,228,000		9,338,000
	Warranties		27,785,000		19,357,000
	Insurance		5,907,000		7,026,000
	Other		7,319,000		7,267,000
		$	61,608,000	$	54,659,000

PRODUCT_WARRANTIES

PRODUCT WARRANTIES	6 Months Ended
	Sep. 30, 2014
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, including costs associated with safety recalls, which may occur after the standard warranty period. The following represents changes in the Company’s accrued warranty liability for the six-month periods ended September 30:
		2014			2013
	Balance at beginning of period	$	19,357,000		$	18,709,000
	Warranty provision		13,815,000			7,228,000
	Warranty claim payments		(5,387,000	)		(5,284,000	)
	Balance at end of period	$	27,785,000		$	20,653,000

SHAREHOLDERS_EQUITY

SHAREHOLDERS' EQUITY	6 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
SHAREHOLDERS' EQUITY	'
	NOTE I–SHAREHOLDERS’ EQUITY
	Share Repurchase Authorization
	During the six months ended September 30, 2014 and 2013, the Company invested $1,007,000 and $2,933,000, respectively, to repurchase and cancel 26,951 and 59,059 shares of common stock, respectively, pursuant to the Board of Directors’ prior share repurchase program authorizations. At September 30, 2014 and 2013, the Company has remaining authorization to repurchase up to $26,076,000 and $27,339,000 of its common stock, or approximately 749,000 and 479,000 shares based on the per share closing price of $34.82 and $57.05 as of September 30, 2014 and 2013, 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,
		2014			2013
	Balance at beginning of period	$	—		$	10,945,000
	Proceeds from issuance of common stock		34,000			19,000
	Payment for income taxes on net-settled option exercises		(1,300,000	)		(7,630,000	)
	Tax benefits from stock options exercised		739,000			7,493,000
	Repurchase of common stock		(1,007,000	)		(2,932,000	)
	Stock-based compensation expense		2,799,000			1,921,000
	Balance at end of period	$	1,265,000		$	9,816,000
	Accumulated Other Comprehensive Loss
	The components of the changes in accumulated other comprehensive loss during the following periods were as follows:
		Six Months Ended September 30,
		2014			2013
	Balance at beginning of period	$	(2,110,000	)	$	(4,166,000	)
	Unrealized gain (loss) on derivative instruments, net of tax		1,104,000			631,000
	Foreign currency translation adjustment		(2,906,000	)		1,726,000
	Balance at end of period	$	(3,912,000	)	$	(1,809,000	)
	Retained Earnings
	The components of the changes in retained earnings during the following periods were as follows:
		Six Months Ended September 30,
		2014			2013
	Balance at beginning of period	$	187,024,000		$	167,561,000
	Net earnings		18,958,000			28,833,000
	Dividends paid		(3,241,000	)		(2,677,000	)
	Balance at end of period	$	202,741,000		$	193,717,000

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Sep. 30, 2014
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, 2014, the Company was contingently liable under these agreements for a maximum repurchase amount of approximately $67,270,000. 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 potential liability to the Company under these provisions is approximately $2,412,000 at September 30, 2014.
	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, 2014
Fair Value Disclosures [Abstract]	'
FAIR VALUE MEASUREMENTS	'
	NOTE K–FAIR VALUE MEASUREMENTS
	As of September 30, 2014, we have notional Canadian dollar denominated cash flow hedges of approximately $88,474,000 (USD) with a weighted average contract exchange rate of 90.28 USD to CAD. The Company’s foreign currency contract fair value was an asset totaling $1,329,000 and considered a Level 2 measurement as of September 30, 2014. As of March 31, 2014, the Company’s foreign currency contract fair value was a liability totaling $424,000 and considered a Level 2 measurement. See Note L for additional information regarding the Company’s Derivative Instruments and Hedging Activities.

DERIVATIVE_INSTRUMENTS_AND_HED

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	6 Months Ended
	Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	'
	NOTE L–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, 2014, the Company had the following open foreign currency contracts:
	Foreign Currency		Notional Amounts		Net Unrealized Gain (Loss)
			(in US Dollars)
	Canadian Dollar		$	88,474,000	$	1,329,000
	These contracts, with maturities through March 31, 2015, 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, 2014 and March 31, 2014:
			Carrying Values of Derivative Instruments as of September 30, 2014
	Derivatives designated as hedging instruments		Fair Value		Fair Value			Derivative Net
			Assets		(Liabilities)			Carrying Value
	Foreign exchange contracts (1)		$	1,329,000	$	—		$	1,329,000
			Carrying Values of Derivative Instruments as of March 31, 2014
	Derivatives designated as hedging instruments		Fair Value		Fair Value			Derivative Net
			Assets		(Liabilities)			Carrying Value
	Foreign exchange contracts (1)		$	—	$	424,000		$	424,000
	-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, 2014 and 2013:
	Derivatives in Cash Flow Hedging Relationships		Three Months Ended					Six Months Ended
			September 30,					September 30,
			2014		2013			2014		2013
	Foreign currency contracts		$	3,674,000	$	(2,500,000	)	$	1,104,000	$	631,000
	The ineffective portion of foreign currency contracts was not material for the three and six month periods ended September 30, 2014 and 2013.

SEGMENT_REPORTING

SEGMENT REPORTING	6 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
SEGMENT REPORTING	'
	NOTE M–SEGMENT REPORTING
	The Company manages each segment based on gross margin and there are no material transactions between the segments. Operating, 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,
		2014		2013		2014		2013
	Net sales
	Snowmobile & ATV units	$	227,382,000	$	208,076,000	$	347,360,000	$	306,990,000
	Parts, garments, & accessories		35,097,000		30,449,000		58,758,000		52,303,000
	Total net sales		262,479,000		238,525,000		406,118,000		359,293,000
	Cost of goods sold
	Snowmobile & ATV units		185,064,000		157,748,000		282,765,000		235,656,000
	Parts, garments, & accessories		22,334,000		19,103,000		37,471,000		32,803,000
	Total cost of goods sold		207,398,000		176,851,000		320,236,000		268,459,000
	Gross profit
	Snowmobile & ATV units		42,318,000		50,328,000		64,595,000		71,334,000
	Parts, garments, & accessories		12,763,000		11,346,000		21,287,000		19,500,000
	Total gross profit	$	55,081,000	$	61,674,000	$	85,882,000	$	90,834,000
		Three Months Ended				Six Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
	Net sales by product line
	Snowmobile units	$	157,791,000	$	135,425,000	$	213,943,000	$	157,999,000
	ATV units		69,591,000		72,651,000		133,417,000		148,991,000
	Parts, garments, & accessories		35,097,000		30,449,000		58,758,000		52,303,000
	Total net sales	$	262,479,000	$	238,525,000	$	406,118,000	$	359,293,000
		Three Months Ended				Six Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
	Net sales by geography, based on location of the customer
	United States	$	150,538,000	$	105,505,000	$	239,195,000	$	167,389,000
	Canada		69,316,000		82,946,000		110,761,000		124,167,000
	Europe and other		42,625,000		50,074,000		56,162,000		67,737,000
	Total net sales	$	262,479,000	$	238,525,000	$	406,118,000	$	359,293,000
	The Company has identifiable long-lived assets with total carrying values of approximately $554,000 and $751,000 at September 30, 2014 and March 31, 2014, respectively, outside the United States in Canada and Europe.

CASH_AND_CASH_EQUIVALENTS

CASH AND CASH EQUIVALENTS	6 Months Ended
	Sep. 30, 2014
Cash and Cash Equivalents [Abstract]	'
CASH AND CASH EQUIVALENTS	'
	NOTE N – CASH AND CASH EQUIVALENTS
	The Company includes checks issued but not presented for payment in cash and cash equivalents as a reduction of other cash balances unless checks written are in excess of the bank balance. As of September 30, 2014, the Company had $4,101,000 of checks written in excess of bank balances which were classified as accounts payable on the balance sheet and included in the statement of cash flows for the six months ended September 30, 2014 as a financing activity. As of March 31, 2014 and September 30, 2013, the Company had no checks written in excess of bank balances.

RECENT_ACCOUNTING_PRONOUNCEMEN

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Sep. 30, 2014
Accounting Changes and Error Corrections [Abstract]	'
RECENT ACCOUNTING PRONOUNCEMENTS	'
	NOTE O – RECENT ACCOUNTING PRONOUNCEMENTS
	In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers, which provides guidance for revenue recognition that supersedes existing revenue recognition guidance (but does not apply to nor supersede accounting guidance for lease contracts). The ASU’s core principle is that an entity will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU also requires more detailed disclosures to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The ASU is effective for reporting periods beginning after December 15, 2016, and should be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying the ASU recognized at the date of initial application. The Company is currently in the process of evaluating the impact of the adoption of this ASU on the Company’s consolidated results.

STOCKBASED_COMPENSATION_Tables

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Sep. 30, 2014
Assumptions Used to Determine Fair Value of Stock Options Issued	'
	For stock options issued during the six months ended September 30, 2014 and 2013, the following assumptions were used to determine fair value:
		Six Months Ended September 30, 2014
	Assumptions used:	2014			2013
	Expected term (in years)		6 years			5 years
	Expected volatility		49	%		49	%
	Risk free interest rate		0.8	%		0.8	%
	Expected dividend		1	%		1	%
	Fair Value	$	20.38		$	21.68
Stock Option Activity	'
	Option transactions under the plans during the six months ended September 30, 2014, are summarized as follows:
		Shares			Weighted			Weighted			Aggregate
					Average			Average			Intrinsic Value
					Exercise Price			Contractual Life
	Outstanding at March 31, 2014		480,837		$	24.95
	Granted		38,794			47.52
	Exercised		(95,345	)		15.23
	Cancelled		(68,936	)		43.28
	Outstanding at September 30, 2014		355,350		$	26.46			7.35 years		$	4,254,000
	Exercisable at September 30, 2014		266,118		$	20.27			6.87 years		$	4,252,000
Options Outstanding and Exercisable	'
Stock Option Activity	'
	The following tables summarize information concerning currently outstanding and exercisable stock options at September 30, 2014:
	Options Outstanding and Exercisable
	Range of Exercise	Number			Weighted Average			Weighted			Number		Weighted
	Prices	Outstanding			Remaining			Average			Exercisable		Average
					Contractual Life			Exercise Price					Exercise Price
	$6.26		3,800			4.85 years		$	6.26			3,800	$	6.26
	9.57-13.59		54,287			5.50 years			10.79			54,287		10.79
	14.68-21.03		139,421			6.74 years			16.18			139,421		16.18
	21.96-27.69		24,000			9.10 years			24.83			24,000		24.83
	33.67-47.79		133,842			8.50 years			44.39			44,610		43.31
			355,350			7.35 years		$	26.46			266,118	$	20.27
Restricted Stock Award	'
Restricted Stock Activity	'
	Restricted stock and restricted stock unit award activity under the Plans during the six months ended September 30, 2014 and 2013 is summarized as follows:
		2014						2013
	Restricted Shares	Shares			Weighted			Shares			Weighted
					Average						Average
					Grant Date Fair						Grant Date Fair
					Value						Value
	Non-vested shares at March 31,		16,200		$	43.45			42,820		$	19.33
	Awarded		7,500			34.02			8,000			53.91
	Vested		(8,400	)		33.74			(34,120	)		15.66
	Non-vested shares at September 30,		15,300		$	44.16			16,700		$	43.4
Restricted Stock Units	'
Restricted Stock Activity	'
		2014									2013
	Restricted Stock Units	Shares			Weighted			Shares			Weighted
					Average						Average
					Grant Date Fair						Grant Date Fair
					Value						Value
	Non-vested shares at March 31,		40,103		$	35.35			41,607		$	27.35
	Granted		43,772			37.05			17,976			42.99
	Vested		(47,876	)		32.77			(16,643	)		23.75
	Forfeited		—			—			(1,217	)		27.6
	Non-vested shares at September 30,		35,999		$	40.85			41,723		$	35.52

NET_EARNINGS_PER_SHARE_Tables

NET EARNINGS PER SHARE (Tables)	6 Months Ended
	Sep. 30, 2014
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, 2014 and 2013:
		Three Months Ended				Six Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
	Weighted average number of common shares outstanding		12,922,000		13,379,000		12,909,000		13,297,000
	Dilutive effect of option plan		152,000		347,000		169,000		421,000
	Common and potential shares outstanding—diluted		13,074,000		13,726,000		13,078,000		13,718,000

INVENTORIES_Tables

INVENTORIES (Tables)	6 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
Components of Inventories	'
	Inventories consist of the following:
		September 30, 2014		March 31, 2014
	Raw materials and sub-assemblies	$	56,384,000	$	52,580,000
	Finished goods		76,657,000		55,327,000
	Parts, garments and accessories		37,043,000		32,745,000
		$	170,084,000	$	140,652,000

ACCRUED_EXPENSES_Tables

ACCRUED EXPENSES (Tables)	6 Months Ended
	Sep. 30, 2014
Payables and Accruals [Abstract]	'
Components of Accrued Expenses	'
	Accrued expenses consist of the following:
		September 30, 2014		March 31, 2014
	Marketing	$	10,369,000	$	11,671,000
	Compensation		10,228,000		9,338,000
	Warranties		27,785,000		19,357,000
	Insurance		5,907,000		7,026,000
	Other		7,319,000		7,267,000
		$	61,608,000	$	54,659,000

PRODUCT_WARRANTIES_Tables

PRODUCT WARRANTIES (Tables)	6 Months Ended
	Sep. 30, 2014
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:
		2014			2013
	Balance at beginning of period	$	19,357,000		$	18,709,000
	Warranty provision		13,815,000			7,228,000
	Warranty claim payments		(5,387,000	)		(5,284,000	)
	Balance at end of period	$	27,785,000		$	20,653,000

SHAREHOLDERS_EQUITY_Tables

SHAREHOLDERS' EQUITY (Tables)	6 Months Ended
	Sep. 30, 2014
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,
		2014			2013
	Balance at beginning of period	$	—		$	10,945,000
	Proceeds from issuance of common stock		34,000			19,000
	Payment for income taxes on net-settled option exercises		(1,300,000	)		(7,630,000	)
	Tax benefits from stock options exercised		739,000			7,493,000
	Repurchase of common stock		(1,007,000	)		(2,932,000	)
	Stock-based compensation expense		2,799,000			1,921,000
	Balance at end of period	$	1,265,000		$	9,816,000
Components of Changes in Accumulated Other Comprehensive Loss	'
	The components of the changes in accumulated other comprehensive loss during the following periods were as follows:
		Six Months Ended September 30,
		2014			2013
	Balance at beginning of period	$	(2,110,000	)	$	(4,166,000	)
	Unrealized gain (loss) on derivative instruments, net of tax		1,104,000			631,000
	Foreign currency translation adjustment		(2,906,000	)		1,726,000
	Balance at end of period	$	(3,912,000	)	$	(1,809,000	)
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,
		2014			2013
	Balance at beginning of period	$	187,024,000		$	167,561,000
	Net earnings		18,958,000			28,833,000
	Dividends paid		(3,241,000	)		(2,677,000	)
	Balance at end of period	$	202,741,000		$	193,717,000

DERIVATIVE_INSTRUMENTS_AND_HED1

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	6 Months Ended
	Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Schedule of Foreign Currency Contracts	'
	At September 30, 2014, the Company had the following open foreign currency contracts:
	Foreign Currency		Notional Amounts		Net Unrealized Gain (Loss)
			(in US Dollars)
	Canadian Dollar		$	88,474,000	$	1,329,000
Summary of Carrying Values of Derivative Instruments	'
	The table below summarizes the carrying values of derivative instruments as of September 30, 2014 and March 31, 2014:
			Carrying Values of Derivative Instruments as of September 30, 2014
	Derivatives designated as hedging instruments		Fair Value		Fair Value			Derivative Net
			Assets		(Liabilities)			Carrying Value
	Foreign exchange contracts (1)		$	1,329,000	$	—		$	1,329,000
			Carrying Values of Derivative Instruments as of March 31, 2014
	Derivatives designated as hedging instruments		Fair Value		Fair Value			Derivative Net
			Assets		(Liabilities)			Carrying Value
	Foreign exchange contracts (1)		$	—	$	424,000		$	424,000
	-1	Assets are included in Accounts Receivable and liabilities are included in Accounts Payable on the accompanying consolidated balance sheets.
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, 2014 and 2013:
	Derivatives in Cash Flow Hedging Relationships		Three Months Ended					Six Months Ended
			September 30,					September 30,
			2014		2013			2014		2013
	Foreign currency contracts		$	3,674,000	$	(2,500,000	)	$	1,104,000	$	631,000

SEGMENT_REPORTING_Tables

SEGMENT REPORTING (Tables)	6 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Schedule of Segment Information	'
	Accordingly, the segment information presented below is limited to sales and margin data.
		Three Months Ended				Six Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
	Net sales
	Snowmobile & ATV units	$	227,382,000	$	208,076,000	$	347,360,000	$	306,990,000
	Parts, garments, & accessories		35,097,000		30,449,000		58,758,000		52,303,000
	Total net sales		262,479,000		238,525,000		406,118,000		359,293,000
	Cost of goods sold
	Snowmobile & ATV units		185,064,000		157,748,000		282,765,000		235,656,000
	Parts, garments, & accessories		22,334,000		19,103,000		37,471,000		32,803,000
	Total cost of goods sold		207,398,000		176,851,000		320,236,000		268,459,000
	Gross profit
	Snowmobile & ATV units		42,318,000		50,328,000		64,595,000		71,334,000
	Parts, garments, & accessories		12,763,000		11,346,000		21,287,000		19,500,000
	Total gross profit	$	55,081,000	$	61,674,000	$	85,882,000	$	90,834,000
		Three Months Ended				Six Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
	Net sales by product line
	Snowmobile units	$	157,791,000	$	135,425,000	$	213,943,000	$	157,999,000
	ATV units		69,591,000		72,651,000		133,417,000		148,991,000
	Parts, garments, & accessories		35,097,000		30,449,000		58,758,000		52,303,000
	Total net sales	$	262,479,000	$	238,525,000	$	406,118,000	$	359,293,000
		Three Months Ended				Six Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
	Net sales by geography, based on location of the customer
	United States	$	150,538,000	$	105,505,000	$	239,195,000	$	167,389,000
	Canada		69,316,000		82,946,000		110,761,000		124,167,000
	Europe and other		42,625,000		50,074,000		56,162,000		67,737,000
	Total net sales	$	262,479,000	$	238,525,000	$	406,118,000	$	359,293,000

StockBased_Compensation_Additi

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

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

6 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2014

Mar. 31, 2014

Sep. 30, 2013

Mar. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Mar. 31, 2014

Sep. 30, 2013

Mar. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

2013 Omnibus Stock and Incentive Plan

Restricted Stock Award

Restricted Stock Award

Restricted Stock Award

Restricted Stock Award

Restricted Stock Award

Restricted Stock Award

Stock Options and Restricted Stock Awards

Stock Options and Restricted Stock Awards

Stock Options and Restricted Stock Awards

Stock Options and Restricted Stock Awards

Restricted Stock Units

Restricted Stock Units

Restricted Stock Units

Restricted Stock Units

Restricted Stock Units

Restricted Stock Units

Minimum

Minimum

Minimum

Maximum

Maximum

Maximum

2013 Omnibus Stock and Incentive Plan

2007 Omnibus Stock and Incentive Plan

2013 Omnibus Stock and Incentive Plan

2007 Omnibus Stock and Incentive Plan

2013 Omnibus Stock and Incentive Plan

Restricted Stock Award

2013 Omnibus Stock and Incentive Plan

Restricted Stock Award

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

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Number of shares available for grant

1,017,619

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1,017,619

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Stock option granted term

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'5 years

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Stock options and restricted stock awards granted, vesting period

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'1 year

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'3 years

Stock-based compensation expense

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$2,799,000

$1,921,000

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'

'

$895,000

$592,000

$2,799,000

$1,921,000

'

'

'

'

'

'

'

'

'

'

'

'

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

$0.04

$0.03

$0.14

$0.09

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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

$2,426,000

'

$2,426,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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

'

'

'2 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Shares of common stock available for issuance

'

'

'

'

1,017,619

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Volatility look back period

'

'

'2 years 6 months

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock and option grants, forfeiture rate

'

'

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock award requisite service period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'2 years

'

'

'3 years

'

Restricted common stock issued and outstanding

'

'

'

'

'

15,300

16,200

16,700

42,820

8,000

7,300

'

'

'

'

35,999

40,103

41,723

41,607

22,768

13,231

'

'

'

'

'

'

Assumptions_Used_to_Determine_

Assumptions Used to Determine Fair Value of Stock Option Issued (Detail) (USD $)	6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'	'
Expected term (in years)	'6 years	'5 years
Expected volatility	49.00%	49.00%
Risk free interest rate	0.80%	0.80%
Expected dividend	1.00%	1.00%
Fair Value	$20.38	$21.68

Option_Transactions_Under_Plan

Option Transactions Under Plans (Detail) (USD $)	6 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Number of Shares under option, Outstanding beginning balance	480,837
Number of Shares under option, Granted	38,794
Number of Shares under option, Exercised	-95,345
Number of Shares under option, Cancelled	-68,936
Number of Shares under option, Outstanding ending balance	355,350
Number of Shares under option, Options exercisable	266,118
Weighted-Average Exercise Price, Outstanding beginning balance	$24.95
Weighted-Average Exercise Price, Granted	$47.52
Weighted-Average Exercise Price, Exercised	$15.23
Weighted-Average Exercise Price, Cancelled	$43.28
Weighted-Average Exercise Price, Outstanding ending balance	$26.46
Weighted-Average Exercise Price, Options exercisable	$20.27
Weighted-Average Contractual Life Years, Outstanding ending balance	'7 years 4 months 6 days
Weighted-Average Contractual Life Years, Exercisable ending balance	'6 years 10 months 13 days
Aggregate Intrinsic Value, Outstanding ending balance	$4,254,000
Aggregate Intrinsic Value, Exercisable ending balance	$4,252,000

Summary_of_Information_Concern

Summary of Information Concerning Currently Outstanding and Exercisable Stock Option (Detail) (USD $)	6 Months Ended
	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Number Outstanding	355,350
Weighted Average Remaining Contractual Life	'7 years 4 months 6 days
Weighted Average Exercise Price	$26.46
Number Exercisable	266,118
Weighted Average Exercise Price	$20.27
6.26	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Range of Exercise Prices, Maximum	$6.26
Number Outstanding	3,800
Weighted Average Remaining Contractual Life	'4 years 10 months 6 days
Weighted Average Exercise Price	$6.26
Number Exercisable	3,800
Weighted Average Exercise Price	$6.26
9.57-13.59	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Range of Exercise Prices, Minimum	$9.57
Range of Exercise Prices, Maximum	$13.59
Number Outstanding	54,287
Weighted Average Remaining Contractual Life	'5 years 6 months
Weighted Average Exercise Price	$10.79
Number Exercisable	54,287
Weighted Average Exercise Price	$10.79
14.68-21.03	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Range of Exercise Prices, Minimum	$14.68
Range of Exercise Prices, Maximum	$21.03
Number Outstanding	139,421
Weighted Average Remaining Contractual Life	'6 years 8 months 27 days
Weighted Average Exercise Price	$16.18
Number Exercisable	139,421
Weighted Average Exercise Price	$16.18
21.96-27.69	'
Share-based Compensation Arrangement by Share-based Payment Award [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	'9 years 1 month 6 days
Weighted Average Exercise Price	$24.83
Number Exercisable	24,000
Weighted Average Exercise Price	$24.83
33.67-47.79	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Range of Exercise Prices, Minimum	$33.67
Range of Exercise Prices, Maximum	$47.79
Number Outstanding	133,842
Weighted Average Remaining Contractual Life	'8 years 6 months
Weighted Average Exercise Price	$44.39
Number Exercisable	44,610
Weighted Average Exercise Price	$43.31

Restricted_Stock_Activity_Deta

Restricted Stock Activity (Detail) (USD $)	6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Restricted Stock Award	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Non-vested shares, Beginning balance	16,200	42,820
Awarded	7,500	8,000
Vested	-8,400	-34,120
Non-vested shares, Ending balance	15,300	16,700
Non-vested shares, Weighted-Average Grant Date Fair Value Beginning	$43.45	$19.33
Awarded	$34.02	$53.91
Vested	$33.74	$15.66
Non-vested shares, Weighted-Average Grant Date Fair Value Ending	$44.16	$43.40
Restricted Stock Units	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Non-vested shares, Beginning balance	40,103	41,607
Awarded	43,772	17,976
Vested	-47,876	-16,643
Forfeited	'	-1,217
Non-vested shares, Ending balance	35,999	41,723
Non-vested shares, Weighted-Average Grant Date Fair Value Beginning	$35.35	$27.35
Awarded	$37.05	$42.99
Vested	$32.77	$23.75
Forfeited	'	$27.60
Non-vested shares, Weighted-Average Grant Date Fair Value Ending	$40.85	$35.52

Net_Earnings_Per_Share_Additio

Net Earnings Per Share - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share [Abstract]	'	'	'	'
Anti-dilutive options to purchase shares of common stock excluded from computation of common share equivalents	131,780	0	166,218	0
Anti-dilutive options to purchase shares of common stock excluded from computation of common share equivalents, weighted average exercise price	$44.64	$0	$44.36	$0

Schedule_of_Weighted_Average_S

Schedule of Weighted Average Shares Outstanding (Detail)	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share [Abstract]	'	'	'	'
Weighted average number of common shares outstanding	12,922,000	13,379,000	12,909,000	13,297,000
Dilutive effect of option plan	152,000	347,000	169,000	421,000
Common and potential shares outstanding-diluted	13,074,000	13,726,000	13,078,000	13,718,000

ShortTerm_Investments_Addition

Short-Term Investments - Additional Information (Detail) (USD $)	Sep. 30, 2014	Mar. 31, 2014
Short-term Investments [Abstract]	'	'
Investment in money market funds	$8,000	$60,008,000

Components_of_Inventories_Deta

Components of Inventories (Detail) (USD $)	Sep. 30, 2014	Mar. 31, 2014
Inventories [Abstract]	'	'
Raw materials and sub-assemblies	$56,384,000	$52,580,000
Finished goods	76,657,000	55,327,000
Parts, garments and accessories	37,043,000	32,745,000
Inventory, Total	$170,084,000	$140,652,000

Line_of_Credit_Additional_Info

Line of Credit - Additional Information (Detail) (USD $)

6 Months Ended

6 Months Ended

Sep. 30, 2014

Sep. 30, 2014

Nov. 30, 2013

Nov. 30, 2009

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Mar. 31, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2014

Senior Secured Revolving Credit Facility

Senior Secured Revolving Credit Facility

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

May through November

All other months

Prime Rate

Libor Rate

Federal Funds 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

'

'

$100,000,000

$60,000,000

'

'

'

'

'

'

'

$100,000,000

$50,000,000

Senior secured revolving credit agreement description

'

'This agreement is scheduled to expire in November 2017. Under the agreement, the Company may borrow up to $100,000,000 during May through November and up to $50,000,000 during all other months of the fiscal year.

'

'

'

'

'

'

'

'

'

'

'

Line of credit, basis spread variable rate

'

'

'

'

0.75%

1.00%

0.50%

'

'

'

'

'

'

Borrowings under line of credit bear interest at effective rate

3.50%

'

'

'

'

'

'

'

'

'

'

'

'

Line of credit Interest rate description

'Borrowings under the line of credit bear interest at the greater of the following rates the prime rate plus 0.75%, the federal funds rate plus 0.50% or LIBOR for a 30 day interest period plus 1.00%. As of September 30, 2014, the effective rate was 3.5%.

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding letters of credit balances

'

'

'

'

'

'

'

$0

$0

$6,079,000

$4,583,000

'

'

Components_of_Accrued_Expenses

Components of Accrued Expenses (Detail) (USD $)	Sep. 30, 2014	Mar. 31, 2014	Sep. 30, 2013	Mar. 31, 2013
Accrued Liabilities, Current [Abstract]	'	'	'	'
Marketing	$10,369,000	$11,671,000	'	'
Compensation	10,228,000	9,338,000	'	'
Warranties	27,785,000	19,357,000	20,653,000	18,709,000
Insurance	5,907,000	7,026,000	'	'
Other	7,319,000	7,267,000	'	'
Accrued Liabilities, Current, Total	$61,608,000	$54,659,000	'	'

Product_Warranties_Additional_

Product Warranties - Additional Information (Detail)	6 Months Ended
	Sep. 30, 2014
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, 2014	Sep. 30, 2013
Product Warranties Disclosures [Abstract]	'	'
Product Warranty Accrual, Beginning of period	$19,357,000	$18,709,000
Warranty provision	13,815,000	7,228,000
Warranty claim payments	-5,387,000	-5,284,000
Product Warranty Accrual, End of period	$27,785,000	$20,653,000

Shareholders_Equity_Additional

Shareholders' Equity - Additional Information (Detail) (USD $)	6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Stockholders' Equity Note [Abstract]	'	'
Value of shares repurchased and canceled	$1,007,000	$2,933,000
Number of shares repurchased and canceled	26,951	59,059
Stock repurchase program remaining authorized repurchase value	$26,076,000	$27,339,000
Remaining authorization common stock repurchase	749,000	479,000
Remaining authorization common stock repurchase per share closing price	$34.82	$57.05

Components_of_Changes_in_Addit

Components of Changes in Additional Paid-in-Capital (Detail) (USD $)	6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Equity [Abstract]	'	'
Additional paid-in-capital, Beginning Balance	$0	$10,945,000
Proceeds from issuance of common stock	34,000	19,000
Payment for income taxes on net-settled option exercises	-1,300,000	-7,630,000
Tax benefits from stock options exercised	739,000	7,493,000
Repurchase of common stock	-1,007,000	-2,932,000
Stock-based compensation expense	2,799,000	1,921,000
Additional paid-in-capital, Ending Balance	$1,265,000	$9,816,000

Components_of_Changes_in_Accum

Components of Changes in Accumulated Other Comprehensive Income (Loss) (Detail) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Equity [Abstract]	'	'	'	'
Balance at beginning of period	'	'	($2,110,000)	($4,166,000)
Unrealized gain (loss) on derivative instruments, net of tax	3,674,000	-2,500,000	1,104,000	631,000
Foreign currency translation adjustment	-2,602,000	1,088,000	-2,906,000	1,726,000
Balance at end of period	($3,912,000)	($1,809,000)	($3,912,000)	($1,809,000)

Components_of_Changes_in_Retai

Components of Changes in Retained Earnings (Detail) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Equity [Abstract]	'	'	'	'
Balance at beginning of period	'	'	$187,024,000	$167,561,000
Net earnings	15,389,000	23,365,000	18,958,000	28,833,000
Dividends paid	'	'	-3,241,000	-2,677,000
Balance at end of period	$202,741,000	$193,717,000	$202,741,000	$193,717,000

Commitments_and_Contingencies_

Commitments and Contingencies - Additional Information (Detail) (USD $)	Sep. 30, 2014
Loss Contingencies [Line Items]	'
Maximum repurchase amount repossessed products sold to dealers	$67,270,000
Loss Sharing Provisions	'
Loss Contingencies [Line Items]	'
Maximum repurchase amount repossessed products sold to dealers	$2,412,000

Fair_Value_Measurements_Additi

Fair Value Measurements - Additional Information (Detail) (USD $)	Sep. 30, 2014	Mar. 31, 2014
Fair Value Measurements Disclosure [Line Items]	'	'
Denominated cash flow hedges notional amount	$88,474,000	'
Weighted average contract exchange rate	90.28	'
Fair Value, Inputs, Level 2	'	'
Fair Value Measurements Disclosure [Line Items]	'	'
Foreign currency contract fair value liability	$1,329,000	$424,000

Recovered_Sheet1

Derivative Instruments and Hedging Activities - Schedule of Foreign Currency Contracts (Detail) (USD $)	6 Months Ended
	Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosures [Line Items]	'
Notional Amounts	$88,474,000
Foreign Currency Canadian Dollar	'
Derivative Instruments and Hedging Activities Disclosures [Line Items]	'
Notional Amounts	88,474,000
Net Unrealized Gain (Loss)	$1,329,000

Recovered_Sheet2

Derivative Instruments and Hedging Activities - Additional Information (Detail) (Maximum)	6 Months Ended
	Sep. 30, 2014
Maximum	'
Derivative Instruments and Hedging Activities Disclosures [Line Items]	'
Maturity of foreign currency derivatives	31-Mar-15

Derivative_Instruments_and_Hed2

Derivative Instruments and Hedging Activities - Summary of Carrying Values of Derivative Instruments (Detail) (Designated as Hedging Instrument, USD $)	Sep. 30, 2014	Mar. 31, 2014
Designated as Hedging Instrument	'	'
Derivatives, Fair Value [Line Items]	'	'
Fair Value Assets	$1,329,000	'
Fair Value (Liabilities)	'	424,000
Derivative Net Carrying Value	$1,329,000	$424,000

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) (Derivative in Cash Flow Hedging Relationships, USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Derivative in Cash Flow Hedging Relationships	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'
Foreign currency contracts	$3,674,000	($2,500,000)	$1,104,000	$631,000

Schedule_of_Segment_Informatio

Schedule of Segment Information (Detail) (USD $)	3 Months Ended		6 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	$262,479,000	$238,525,000	$406,118,000	$359,293,000
Cost of goods sold	207,398,000	176,851,000	320,236,000	268,459,000
Gross profit	55,081,000	61,674,000	85,882,000	90,834,000
United States	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	150,538,000	105,505,000	239,195,000	167,389,000
Canada	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	69,316,000	82,946,000	110,761,000	124,167,000
Europe and other	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	42,625,000	50,074,000	56,162,000	67,737,000
Snowmobile units - Product line	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	157,791,000	135,425,000	213,943,000	157,999,000
ATV units - Product line	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	69,591,000	72,651,000	133,417,000	148,991,000
Parts, garments & accessories - Product line	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	35,097,000	30,449,000	58,758,000	52,303,000
Snowmobile & ATV units	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	227,382,000	208,076,000	347,360,000	306,990,000
Cost of goods sold	185,064,000	157,748,000	282,765,000	235,656,000
Gross profit	42,318,000	50,328,000	64,595,000	71,334,000
Parts, garments & accessories	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	35,097,000	30,449,000	58,758,000	52,303,000
Cost of goods sold	22,334,000	19,103,000	37,471,000	32,803,000
Gross profit	$12,763,000	$11,346,000	$21,287,000	$19,500,000

Segment_Reporting_Additional_I

Segment Reporting - Additional Information (Detail) (Europe and Canada, USD $)	Sep. 30, 2014	Mar. 31, 2014
Europe and Canada	'	'
Revenues from External Customers and Long-Lived Assets [Line Items]	'	'
Long-lived assets with carrying value	$554,000	$751,000

Cash_and_Cash_Equivalents_Addi

Cash and Cash Equivalents - Additional Information (Detail) (USD $)	6 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Mar. 31, 2014
Cash and Cash Equivalents [Abstract]	'	'	'
Checks written in excess of bank balances	$4,101,000	$0	$0