Polaris (PII) 10-Q 23 Jul 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Jul. 16, 2019
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2019
Document Transition Report	false
Entity File Number	1-11411
Entity Incorporation, State or Country Code	MN
Entity Tax Identification Number	41-1790959
Entity Address, Address Line One	2100 Highway 55,
Entity Address, City or Town	Medina
Entity Address, State or Province	MN
Entity Address, Postal Zip Code	55340
City Area Code	763
Local Phone Number	542-0500
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		61,122,877
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Registrant Name	POLARIS INDUSTRIES INC/MN
Entity Central Index Key	0000931015
Current Fiscal Year End Date	--12-31
NEW YORK STOCK EXCHANGE, INC. [Member]
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, $.01 par value
Trading Symbol	PII
Security Exchange Name	NYSE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 96,081	$ 161,164
Trade receivables, net	224,501	197,082
Inventories, net	1,130,264	969,511
Prepaid expenses and other	112,921	121,472
Income taxes receivable	7,037	36,474
Total current assets	1,570,804	1,485,703
Property and equipment, net	889,825	843,122
Investment in finance affiliate	97,303	92,059
Deferred tax assets	92,641	87,474
Goodwill and other intangible assets, net	1,508,722	1,517,594
Operating lease assets	108,013
Other long-term assets	96,904	98,963
Total assets	4,364,212	4,124,915
Current liabilities:
Current portion of debt, finance lease obligations and notes payable	66,505	66,543
Accounts payable	418,850	346,294
Accrued expenses:
Compensation	140,205	167,857
Warranties	132,758	121,824
Sales promotions and incentives	182,089	167,621
Dealer holdback	138,726	125,003
Other	212,067	197,687
Current operating lease liabilities	35,084
Income taxes payable	6,094	4,545
Total current liabilities	1,332,378	1,197,374
Long-term income taxes payable	28,380	28,602
Finance lease obligations	15,780	16,140
Long-term debt	1,815,783	1,879,887
Deferred tax liabilities	5,357	6,490
Long-term operating lease liabilities	75,479
Other long-term liabilities	128,360	122,570
Total liabilities	3,401,517	3,251,063
Deferred compensation	10,607	6,837
Shareholders’ equity:
Preferred stock $0.01 par value per share, 20,000 shares authorized, no shares issued and outstanding	0	0
Common stock $0.01 par value per share, 160,000 shares authorized, 61,119 and 60,890 shares issued and outstanding, respectively	611	609
Additional paid-in capital	844,578	807,986
Retained earnings	177,540	121,114
Accumulated other comprehensive loss, net	(70,820)	(62,973)
Total shareholders’ equity	951,909	866,736
Noncontrolling interest	179	279
Total equity	952,088	867,015
Total liabilities and equity	$ 4,364,212	$ 4,124,915

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	160,000,000	160,000,000
Common stock, shares issued	61,119,000	60,890,000
Common stock, shares outstanding	61,119,000	60,890,000

Consolidated Statements Of Inco

Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Sales	$ 1,779,315	$ 1,502,532	$ 3,275,005	$ 2,800,005
Cost of Goods and Services Sold	1,342,867	1,117,356	2,486,109	2,091,348
Gross profit	436,448	385,176	788,896	708,657
Operating expenses:
Selling and marketing	140,603	122,859	269,862	240,566
Research and development	76,379	68,330	143,499	133,560
General and administrative	104,090	92,874	197,028	171,567
Total operating expenses	321,072	284,063	610,389	545,693
Operating income	135,122	122,457	217,058	205,733
Non-operating expense:
Interest expense	20,620	9,216	41,039	17,264
Equity in loss of other affiliates	455	3,954	1,061	25,465
Other income, net	(271)	(3,561)	(3,772)	(23,536)
Income before income taxes	114,318	112,848	178,730	186,540
Provision for income taxes	26,173	20,308	42,189	38,286
Net income	88,145	92,540	136,541	148,254
Net loss attributable to noncontrolling interest	118	0	100	0
Net income	$ 88,263	$ 92,540	$ 136,641	$ 148,254
Basic net income per share (in dollars per share)	$ 1.44	$ 1.46	$ 2.23	$ 2.34
Diluted net income per share (in dollars per share)	$ 1.42	$ 1.43	$ 2.20	$ 2.28
Weighted average shares outstanding:
Basic (in shares)	61,419	63,172	61,352	63,238
Diluted (in shares)	62,164	64,886	62,096	65,052
Income from financial services
Sales	$ 19,746	$ 21,344	$ 38,551	$ 42,769

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 88,145	$ 92,540	$ 136,541	$ 148,254
Other comprehensive income, net of tax:
Foreign currency translation adjustments	2,858	(24,881)	(804)	(13,903)
Unrealized gain (loss) on derivative instruments	(4,030)	580	(6,499)	5,109
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	62	45	(544)	130
Comprehensive income	87,153	68,284	128,794	139,590
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	118	0	100	0
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ 87,035	$ 68,284	$ 128,694	$ 139,590

Consolidated Statements of Equi

Consolidated Statements of Equity Consolidated Statements of Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid- In Capital	Retained Earnings	AOCI Attributable to Parent [Member]	Non Controlling Interest
Beginning balance (in shares) at Dec. 31, 2017		63,075
Beginning balance at Dec. 31, 2017	$ 931,659	$ 631	$ 733,894	$ 242,763	$ (45,629)	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Employee stock compensation (in shares)		(5)
Employee stock compensation	12,032		12,032
Deferred compensation	420		(392)	812
Proceeds from stock issuances under employee plans (in shares)		161
Proceeds from stock issuances under employee plans	11,905	$ 2	11,903
Cash dividends declared	(37,796)			(37,796)
Repurchase and retirement of common shares (in shares)		(133)
Repurchase and retirement of common shares	(14,987)	$ (2)	(1,549)	(13,436)
Other activity	(1,077)			(1,077)
Net income	55,714			55,714
Other comprehensive loss	15,592				15,592
Ending balance (in shares) at Mar. 31, 2018		63,098
Ending balance at Mar. 31, 2018	973,462	$ 631	755,888	246,980	(30,037)	0
Beginning balance (in shares) at Dec. 31, 2017		63,075
Beginning balance at Dec. 31, 2017	931,659	$ 631	733,894	242,763	(45,629)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	148,254
Ending balance (in shares) at Jun. 30, 2018		62,214
Ending balance at Jun. 30, 2018	877,510	$ 622	791,148	140,033	(54,293)	0
Beginning balance (in shares) at Mar. 31, 2018		63,098
Beginning balance at Mar. 31, 2018	973,462	$ 631	755,888	246,980	(30,037)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Employee stock compensation (in shares)		12
Employee stock compensation	20,969		20,969
Deferred compensation	(1,470)		(617)	(853)
Proceeds from stock issuances under employee plans (in shares)		533
Proceeds from stock issuances under employee plans	31,543	$ 5	31,538
Cash dividends declared	(37,898)			(37,898)
Repurchase and retirement of common shares (in shares)		(1,429)
Repurchase and retirement of common shares	(177,380)	$ (14)	(16,630)	(160,736)
Net income	92,540			92,540
Other comprehensive loss	(24,256)				(24,256)
Ending balance (in shares) at Jun. 30, 2018		62,214
Ending balance at Jun. 30, 2018	877,510	$ 622	791,148	140,033	(54,293)	0
Beginning balance (in shares) at Dec. 31, 2018		60,890
Beginning balance at Dec. 31, 2018	867,015	$ 609	807,986	121,114	(62,973)	279
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Employee stock compensation (in shares)		214
Employee stock compensation	12,091	$ 2	12,089
Deferred compensation	(1,887)		(1,541)	(346)
Proceeds from stock issuances under employee plans (in shares)		18
Proceeds from stock issuances under employee plans	3,207		3,207
Cash dividends declared	(37,144)			(37,144)
Repurchase and retirement of common shares (in shares)		(71)
Repurchase and retirement of common shares	(6,110)	$ 0	(953)	(5,157)
Other activity	0	$ 0		668	(668)	0
Net income	48,396			48,378		18
Other comprehensive loss	(6,069)				(6,069)
Ending balance (in shares) at Mar. 31, 2019		61,051
Ending balance at Mar. 31, 2019	879,499	$ 611	820,788	127,513	(69,710)	297
Beginning balance (in shares) at Dec. 31, 2018		60,890
Beginning balance at Dec. 31, 2018	$ 867,015	$ 609	807,986	121,114	(62,973)	279
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase and retirement of common shares (in shares)	(76)
Repurchase and retirement of common shares	$ (6,537)
Net income	136,541
Ending balance (in shares) at Jun. 30, 2019		61,119
Ending balance at Jun. 30, 2019	952,088	$ 611	844,578	177,540	(70,820)	179
Beginning balance (in shares) at Mar. 31, 2019		61,051
Beginning balance at Mar. 31, 2019	879,499	$ 611	820,788	127,513	(69,710)	297
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Employee stock compensation (in shares)		14
Employee stock compensation	22,142		22,142
Deferred compensation	(1,881)		(1,303)	(578)
Proceeds from stock issuances under employee plans (in shares)		59
Proceeds from stock issuances under employee plans	3,006		3,006
Cash dividends declared	(37,286)			(37,286)
Repurchase and retirement of common shares (in shares)		(5)
Repurchase and retirement of common shares	(427)		(55)	(372)
Net income	88,145			88,263		(118)
Other comprehensive loss	(1,110)				(1,110)
Ending balance (in shares) at Jun. 30, 2019		61,119
Ending balance at Jun. 30, 2019	$ 952,088	$ 611	$ 844,578	$ 177,540	$ (70,820)	$ 179

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Operating Activities:
Net income	$ 136,541	$ 148,254
Adjustments to reconcile net income to net cash used for operating activities:
Depreciation and amortization	111,946	98,584
Noncash compensation	34,233	33,001
Noncash income from financial services	(15,465)	(14,626)
Deferred income taxes	(5,903)	(1,704)
Impairment charges	0	20,249
Other, net	1,061	(8,262)
Changes in operating assets and liabilities:
Trade receivables	(26,941)	5,326
Inventories	(159,090)	(146,661)
Accounts payable	72,049	45,835
Accrued expenses	18,950	(35,693)
Income taxes payable/receivable	30,773	19,828
Prepaid expenses and others, net	4,698	1,018
Net cash provided by operating activities	202,852	165,149
Investing Activities:
Purchase of property and equipment	(137,203)	(104,569)
Investment in finance affiliate, net	10,221	10,436
Investment in other affiliates, net	0	7,366
Acquisition of businesses, net of cash acquired	(1,800)	0
Net cash used for investing activities	(128,782)	(86,767)
Financing Activities:
Borrowings under debt arrangements / finance lease obligations	1,788,696	1,511,810
Repayments under debt arrangements / finance lease obligations	(1,853,507)	(1,310,863)
Repurchase and retirement of common shares	(6,537)	(192,367)
Cash dividends to shareholders	(74,430)	(75,694)
Proceeds from stock issuances under employee plans	6,213	43,448
Net cash used for financing activities	(139,565)	(23,666)
Impact of currency exchange rates on cash balances	(112)	(6,370)
Net increase (decrease) in cash, cash equivalents and restricted cash	(65,607)	48,346
Cash, cash equivalents and restricted cash at beginning of period	193,126	161,618
Cash, cash equivalents and restricted cash at end of period	127,519	209,964
Supplemental Cash Flow Information:
Interest paid on debt borrowings	41,548	17,013
Income taxes paid	14,873	20,614
Total	$ 193,126	$ 161,618

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Basis of presentation. The accompanying unaudited consolidated financial statements of Polaris Industries Inc. (“Polaris” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States for interim financial statements and, therefore, do not include all information and disclosures of results of operations, financial position and changes in cash flow in conformity with accounting principles generally accepted in the United States for complete financial statements. Accordingly, such statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 previously filed with the Securities and Exchange Commission (“SEC”). In the opinion of management, such statements reflect all adjustments (which include only normal recurring adjustments) necessary for a fair presentation of the financial position, results of operations, equity, and cash flows for the periods presented. Due to the seasonality trends for certain products and to certain changes in production and shipping cycles, results of such periods are not necessarily indicative of the results to be expected for the complete year. Reclassifications. Certain reclassifications of previously reported balance sheet amounts have been made to conform to the current year presentation. The reclassifications had no impact on the consolidated statements of income, cash flows, or total assets, total liabilities, or total equity in the consolidated balance sheets, as previously reported. Fair value measurements. Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Assets and liabilities measured at fair value are classified using the following hierarchy, which is based upon the transparency of inputs to the valuation as of the measurement date: Level 1 — Quoted prices in active markets for identical assets or liabilities. Level 2 — Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. In making fair value measurements, observable market data must be used when available. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement. The Company utilizes the market approach to measure fair value for its non-qualified deferred compensation assets and liabilities, and the income approach for foreign currency contracts, and interest rate contracts. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities, and for the income approach, the Company uses significant other observable inputs to value its derivative instruments used to hedge foreign currency, interest rate, and commodity transactions. Assets and liabilities measured at fair value on a recurring basis are summarized below (in thousands): Fair Value Measurements as of June 30, 2019 Asset (Liability) Total Level 1 Level 2 Level 3 Non-qualified deferred compensation assets $ 48,548 $ 48,548 $ — $ — Foreign exchange contracts, net 602 — 602 — Total assets at fair value $ 49,150 $ 48,548 $ 602 $ — Non-qualified deferred compensation liabilities $ (48,548 ) $ (48,548 ) $ — $ — Interest rate contracts, net (8,648 ) — (8,648 ) — Total liabilities at fair value $ (57,196 ) $ (48,548 ) $ (8,648 ) $ — Fair Value Measurements as of December 31, 2018 Asset (Liability) Total Level 1 Level 2 Level 3 Non-qualified deferred compensation assets $ 48,545 $ 48,545 $ — $ — Foreign exchange contracts, net 3,128 — 3,128 — Total assets at fair value $ 51,673 $ 48,545 $ 3,128 $ — Non-qualified deferred compensation liabilities $ (48,545 ) $ (48,545 ) $ — $ — Interest rate contracts, net (2,665 ) — (2,665 ) — Total liabilities at fair value $ (51,210 ) $ (48,545 ) $ (2,665 ) $ — Fair value of other financial instruments. The carrying values of the Company’s short-term financial instruments, including cash and cash equivalents, trade receivables and short-term debt, including current maturities of long-term debt, finance lease obligations and notes payable, approximate their fair values. At June 30, 2019 and December 31, 2018 , the fair value of the Company’s long-term debt, finance lease obligations and notes payable was approximately $ 1,972,473,000 and $2,013,684,000 , respectively, and was determined primarily using Level 2 inputs, including quoted market prices or discounted cash flows based on quoted market rates for similar types of debt. The carrying value of long-term debt, finance lease obligations and notes payable including current maturities was $1,898,068,000 and $1,962,570,000 as of June 30, 2019 and December 31, 2018 , respectively. Inventories. Inventory costs include material, labor and manufacturing overhead costs, including depreciation expense associated with the manufacture and distribution of the Company’s products. Inventories are stated at the lower of cost (first-in, first-out method) or net realizable value. The major components of inventories are as follows (in thousands): June 30, 2019 December 31, 2018 Raw materials and purchased components $ 281,934 $ 233,258 Service parts, garments and accessories 341,076 342,593 Finished goods 562,252 442,003 Less: reserves (54,998 ) (48,343 ) Inventories $ 1,130,264 $ 969,511 Product warranties. Polaris provides a limited warranty for its vehicles and boats for a period of six months to ten years, depending on the product. Polaris provides longer warranties in certain geographical markets as determined by local regulations and customary practice and may also provide longer warranties related to certain promotional programs. Polaris’ standard warranties require the Company or its dealers to repair or replace defective products during such warranty periods at no cost to the consumer. The warranty reserve is established at the time of sale to the dealer or distributor based on management’s best estimate using historical rates and trends. The Company records these amounts as a liability in the consolidated balance sheet until they are ultimately paid. Adjustments to the warranty reserve are made based on actual claims experience in order to properly estimate the amounts necessary to settle future and existing claims on products sold as of the balance sheet date. Factors that could have an impact on the warranty reserve include the following: change in manufacturing quality, shifts in product mix, changes in warranty coverage periods, weather and its impact on product usage, product recalls and changes in sales volume. The activity in the warranty reserve during the periods presented was as follows (in thousands): Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Balance at beginning of period $ 116,217 $ 116,286 $ 121,824 $ 123,840 Additions to reserve related to acquisitions 8,809 — 8,809 — Additions charged to expense 36,854 26,141 62,873 42,172 Warranty claims paid, net (29,122 ) (36,272 ) (60,748 ) (59,857 ) Balance at end of period $ 132,758 $ 106,155 $ 132,758 $ 106,155 New accounting pronouncements. Leases. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) and in July 2018, ASU No. 2018-10, Codification Improvements to Topic 842, Leases , and ASU 2018-11, Leases (Topic 842) - Targeted Improvements (collectively, “the new lease standard” or “ASC 842”). The new standard requires lessees to record assets and liabilities on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with the classification affecting the pattern of expense recognition in the income statement. The Company adopted the standard as of January 1, 2019 using the alternative transition method provided under ASC 842, which allowed the Company to initially apply the new lease standard at the adoption date. The Company elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allowed the Company to carry forward the historical lease classification. The Company did not elect the hindsight practical expedient permitted under the transition guidance within the new lease standard. The Company made an accounting policy election to not record leases with an initial term of 12 months or less on the balance sheet. The Company also elected the practical expedient to not separate non-lease components from the lease components to which they relate, and instead account for each separate lease and non-lease component associated with that lease component as a single lease component for all underlying asset classes. Accordingly, all costs associated with a lease contract are accounted for as lease cost. The new standard resulted in the recognition of additional net lease assets and lease liabilities of approximately $115,681,000 as of January 1, 2019. The adoption of ASC 842 did not have a material impact on the Company’s consolidated results of operations, equity or cash flows as of the adoption date. Under the alternative method of adoption, comparative information was not restated, but will continue to be reported under the standards in effect for those periods. See Note 10 for further information regarding the Company’s leases. Derivatives and hedging. Effective January 1, 2019, the Company adopted ASU No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities . The adoption of this ASU did not have a material impact on the Company’s consolidated financial position, results of operations, equity or cash flows. Non-employee share-based payments. Effective January 1, 2019, the Company adopted ASU No. 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Non-employee Share-based Payment Accounting . The adoption of this ASU did not have a material impact on the Company’s consolidated financial position, results of operations, equity or cash flows. Intangibles-Goodwill and Other. Effective January 1, 2019, the Company early adopted ASU 2017-04, Intangibles-Goodwill and Other (Topic 350) . The new standard simplifies the subsequent measurement of goodwill by eliminating the second step of the goodwill impairment test. Stranded Tax Effects. Effective January 1, 2019 the Company adopted ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income , which allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the reduction of the U.S. federal statutory income tax rate to 21% from 35% due to the enactment of the Tax Cuts and Jobs Act of 2017 (the "Tax Act"). As a result of the adoption of ASU 2018-02, the Company recorded a $668,000 reclassification to decrease Accumulated Other Comprehensive Income and increase Retained Earnings. Financial instruments. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , and in November 2018 issued a subsequent amendment, ASU 2018-19, Codification Improvements to Topic 326, Financial Instruments - Credit Losses . ASU 2016-13 significantly changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. ASU 2016-13 will replace today’s “incurred loss” approach with an “expected loss” model for instruments measured at amortized cost. ASU 2018-19 will affect loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope of this amendment that have the contractual right to receive cash. ASU 2016-13 is effective for fiscal years and interim periods beginning after December 15, 2019, and is effective for the Company’s fiscal year beginning January 1, 2020. The adoption of the ASU is not expected to have a material impact on the Company’s consolidated financial position, results of operations, equity or cash flows. There are no other new accounting pronouncements that are expected to have a significant impact on the Company’s consolidated financial statements.

Revenue Recognition (Notes)

Revenue Recognition (Notes)	6 Months Ended
	Jun. 30, 2019
Revenue Recognition [Abstract]
Revenue Recognition, Sales of Goods [Policy Text Block]	Note 2. Revenue Recognition The following tables disaggregate the Company’s revenue by major product type and geography (in thousands): Three months ended June 30, 2019 ORV / Snowmobiles Motorcycles Global Adj. Markets Aftermarket Boats Consolidated Revenue by product type Wholegoods $ 864,261 $ 169,421 $ 98,652 — $ 182,425 $ 1,314,759 PG&A 185,060 27,352 23,272 $ 228,872 — 464,556 Total revenue $ 1,049,321 $ 196,773 $ 121,924 $ 228,872 $ 182,425 $ 1,779,315 Revenue by geography United States $ 871,854 $ 120,183 $ 58,146 $ 219,174 $ 177,203 $ 1,446,560 Canada 74,223 10,414 2,150 9,698 5,222 101,707 EMEA 65,757 48,707 60,867 — — 175,331 APLA 37,487 17,469 761 — — 55,717 Total revenue $ 1,049,321 $ 196,773 $ 121,924 $ 228,872 $ 182,425 $ 1,779,315 Three months ended June 30, 2018 ORV / Snowmobiles Motorcycles Global Adj. Markets Aftermarket Boats Consolidated Revenue by product type Wholegoods $ 820,850 $ 146,671 $ 93,550 — $ — $ 1,061,071 PG&A 169,991 24,741 19,868 $ 226,861 — 441,461 Total revenue $ 990,841 $ 171,412 $ 113,418 $ 226,861 $ — $ 1,502,532 Revenue by geography United States $ 818,318 $ 113,561 $ 49,740 $ 215,572 $ — $ 1,197,191 Canada 68,576 10,769 10,216 11,289 — 100,850 EMEA 64,632 31,667 52,169 — — 148,468 APLA 39,315 15,415 1,293 — — 56,023 Total revenue $ 990,841 $ 171,412 $ 113,418 $ 226,861 $ — $ 1,502,532 Six months ended June 30, 2019 ORV / Snowmobiles Motorcycles Global Adj. Markets Aftermarket Boats Consolidated Revenue by product type Wholegoods $ 1,565,123 $ 271,770 $ 183,321 — $ 367,235 $ 2,387,449 PG&A 351,645 42,945 43,559 $ 449,407 — 887,556 Total revenue $ 1,916,768 $ 314,715 $ 226,880 $ 449,407 $ 367,235 $ 3,275,005 Revenue by geography United States $ 1,580,724 $ 188,080 $ 109,829 $ 430,790 $ 358,063 $ 2,667,486 Canada 125,854 16,435 3,203 18,617 9,172 173,281 EMEA 144,483 79,423 112,270 — — 336,176 APLA 65,707 30,777 1,578 — — 98,062 Total revenue $ 1,916,768 $ 314,715 $ 226,880 $ 449,407 $ 367,235 $ 3,275,005 Six months ended June 30, 2018 ORV / Snowmobiles Motorcycles Global Adj. Markets Aftermarket Boats Consolidated Revenue by product type Wholegoods $ 1,504,353 $ 260,779 $ 185,562 — $ — $ 1,950,694 PG&A 319,052 42,190 41,183 $ 446,886 — 849,311 Total revenue $ 1,823,405 $ 302,969 $ 226,745 $ 446,886 $ — $ 2,800,005 Revenue by geography United States $ 1,480,913 $ 197,458 $ 99,794 $ 426,566 $ — $ 2,204,731 Canada 126,331 17,709 15,585 20,320 — 179,945 EMEA 143,561 58,338 109,089 — — 310,988 APLA 72,600 29,464 2,277 — — 104,341 Total revenue $ 1,823,405 $ 302,969 $ 226,745 $ 446,886 $ — $ 2,800,005 With respect to wholegood vehicles, boats, parts, garments and accessories, Revenue is recognized when the Company transfers control of the product to the customer. With respect to services provided by the Company, Revenue is recognized upon completion of the service or over the term of the service agreement in proportion to the costs expected to be incurred in satisfying the obligations over the term of the service period. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. Sales, value add, and other taxes the Company collects concurrent with revenue-producing activities are excluded from revenue. Incidental items that are immaterial in the context of the contract are recognized as expense. The expected costs associated with the Company’s limited warranties and field service bulletin actions are recognized as expense when the products are sold. The Company recognizes revenue for vehicle service contracts that extend mechanical and maintenance beyond the Company’s limited warranties over the life of the contract. Revenue from goods and services transferred to customers at a point-in-time accounts for the majority of the Company’s revenue. Revenue from products or services transferred over time is discussed in the deferred revenue section. ORV/Snowmobiles, Motorcycles and Global Adjacent Markets segments Wholegood vehicles and parts, garments and accessories. For the majority of wholegood vehicles, parts, garments and accessories (PG&A), the Company transfers control and recognizes a sale when it ships the product from its manufacturing facility, distribution center, or vehicle holding center to its customer (primarily dealers and distributors). The amount of consideration the Company receives and revenue it recognizes varies with changes in marketing incentives and rebates it offers to its dealers and their customers. Sales returns are not material. The Company adjusts its estimate of revenue at the earlier of when the most likely amount of consideration it expects to receive changes or when the consideration becomes fixed. Depending on the terms of the arrangement, the Company may also defer the recognition of a portion of the consideration received because it has to satisfy a future obligation (e.g., free extended service contracts). The Company uses an observable price to determine the stand-alone selling price for separate performance obligations. The Company has elected to recognize the cost for freight and shipping when control over vehicles, parts, garments or accessories has transferred to the customer as an expense in cost of sales. Extended Service Contracts. The Company sells separately-priced service contracts that extend mechanical and maintenance coverages beyond its base limited warranty agreements to vehicle owners. The separately priced service contracts range from 12 months to 84 months. The Company primarily receives payment at the inception of the contract and recognizes revenue over the term of the agreement in proportion to the costs expected to be incurred in satisfying the obligations under the contract. Extended service contract revenue is recorded within PG&A. Aftermarket segment The Company’s Aftermarket products are sold through dealer, distributor, retail, and e-commerce channels. The Company transfers control and recognizes a sale when products are shipped or delivered to its customer. The amount of consideration the Company receives and revenue it recognizes varies with changes in marketing incentives and rebates it offers to its customers and their customers. When the Company gives its customers the right to return eligible parts and accessories, it estimates the expected returns based on an analysis of historical experience. The Company adjusts its estimate of revenue at the earlier of when the most likely amount of consideration it expects to receive changes or when the consideration becomes fixed. Service revenue. The Company offers installation services for parts that it sells. Service revenues are recognized upon completion of the service. Depending on the terms of the arrangement, the Company may also defer the recognition of a portion of the consideration received because it has to satisfy a future obligation (e.g., extended service contracts). The Company uses an observable price to determine the stand-alone selling price for separate performance obligations. The Company has elected to recognize the cost for freight and shipping when control over parts, garments or accessories has transferred to the customer as an expense in cost of sales. Boats segment Boats. For the majority of boats, the Company transfers control and recognizes a sale when it ships the product from its manufacturing facility or distribution center to its customer (primarily dealers). The amount of consideration the Company receives and revenue it recognizes varies with changes in marketing incentives and rebates it offers to its dealers and their customers. Sales returns are not material. The Company adjusts its estimate of revenue at the earlier of when the most likely amount of consideration it expects to receive changes or when the consideration becomes fixed. The Company has elected to recognize the cost for freight and shipping when control over boats has transferred to the customer as an expense in cost of sales. Deferred revenue In 2016, the Company began financing its self-insured risks related to extended service contracts (“ESCs”). The premiums for ESCs are primarily recognized in income in proportion to the costs expected to be incurred over the contract period. Warranty costs are recognized as incurred. The Company expects to recognize approximately $28,795,000 of the unearned amount over the next 12 months and $38,886,000 thereafter. The activity in the deferred revenue reserve during the periods presented was as follows (in thousands): Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Balance at beginning of period $ 63,500 $ 49,345 $ 59,915 $ 45,760 New contracts sold 11,496 8,848 21,385 17,172 Less: reductions for revenue recognized (7,315 ) (5,573 ) (13,619 ) (10,312 ) Balance at end of period (1) $ 67,681 $ 52,620 $ 67,681 $ 52,620 (1) The unamortized ESC premiums (deferred revenue) recorded in other current liabilities totaled $28,795,000 and $22,265,000 at June 30, 2019 and 2018 , respectively, while the amount recorded in other long-term liabilities totaled $38,886,000 and $30,355,000 at June 30, 2019 and 2018

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Acquisitions	Acquisitions 2019 Acquisitions. To date, the Company did not complete any material acquisitions in 2019. 2018 Acquisitions. Boat Holdings, LLC On July 2, 2018, pursuant to the Agreement and Plan of Merger dated May 29, 2018, the Company completed the acquisition of Boat Holdings, LLC, a privately held Delaware limited liability company headquartered in Elkhart, Indiana which manufactures boats (“Boat Holdings”). The transaction was structured as an acquisition of 100% of the outstanding equity interests in Boat Holdings for aggregate consideration of $ 806,658,000 , net of cash acquired, subject to customary adjustments based on, among other things, the amount of cash, debt and working capital in the business of Boat Holdings at the closing date. A portion of the aggregate consideration equal to $100,000,000 will be paid in the form of a series of deferred annual payments over 12 years following the closing date. The Company funded the purchase price for the acquisition by amending, extending, and up-sizing the Credit Facility and with the proceeds of the issuance of 4.23% Senior Notes, Series 2018, due July 3, 2028, described in Note 5. The consolidated statements of income for the three and six months ended June 30, 2019 include $182,425,000 and $367,235,000 of net sales, and $40,477,000 and $76,641,000 of gross profit, respectively, related to Boat Holdings. The following table summarizes the preliminary fair values assigned to the Boat Holdings net assets acquired and the determination of net assets (in thousands): Cash and cash equivalents $ 16,534 Trade receivables 17,528 Inventory 39,948 Other current assets 4,451 Property, plant and equipment 35,299 Customer relationships 341,080 Trademarks / trade names 210,680 Non-compete agreements 2,630 Goodwill 222,372 Accounts payable (30,064 ) Other liabilities assumed (37,266 ) Total fair value of net assets acquired 823,192 Less cash acquired (16,534 ) Total consideration for acquisition, less cash acquired $ 806,658 On the acquisition date, amortizable intangible assets had a weighted-average useful life of approximately 19 years. The customer relationships were valued based on the Discounted Cash Flow Method and are amortized over 15 - 20 years, depending on the customer class. The trademarks and trade names were valued on the Relief from Royalty Method and have indefinite remaining useful lives. Goodwill is deductible for tax purposes. The following unaudited pro forma information represents the Company’s results of operations as if the fiscal 2018 acquisition of Boat Holdings had occurred at the beginning of fiscal 2018 (in thousands, except per share data). Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Sales $ 1,779,315 $ 1,689,050 $ 3,275,005 $ 3,151,165 Net income 89,346 104,446 138,526 166,336 Basic earnings per share $ 1.45 $ 1.65 $ 2.26 $ 2.63 Diluted earnings per common share $ 1.44 $ 1.61 $ 2.23 $ 2.56 The results for the three and six month periods ended June 30, 2019 have been adjusted to exclude the impact of approximately $1,421,000 and $2,474,000 of transaction related costs (pre-tax) incurred by the Company that are directly attributable to the transaction, respectively. The results for the three and six month periods ended June 30, 2018 have been adjusted to include the pro forma impact of amortization of intangible assets and the depreciation of property, plant, and equipment, based on purchase price allocations; the pro forma impact of additional interest expense relating to the acquisition; and the pro forma tax effect of both income before taxes and the pro forma adjustments. These performance results may not be indicative of the actual results that would have occurred under the ownership and management of the Company. The pro forma financial information has been prepared for comparative purposes only and includes certain adjustments, as noted above. The adjustments are estimates based on currently available information and actual amounts may differ materially from these estimates. They do not reflect the effect of costs or synergies that would have been expected to result from the integration of the Boat Holdings acquisition.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Share-Based Compensation The amount of compensation cost for share-based awards recognized during a period is based on the portion of the awards that are ultimately expected to vest. The Company estimates forfeitures at the time of grant and revises those estimates in subsequent periods if actual forfeitures differ from those estimates. The Company analyzes historical data to estimate pre-vesting forfeitures and records share-based compensation expense for those awards expected to vest. Total share-based compensation expenses were comprised as follows (in thousands): Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Option awards $ 6,801 $ 6,758 $ 8,113 $ 9,815 Other share-based awards 14,839 13,847 24,457 19,736 Total share-based compensation before tax 21,640 20,605 32,570 29,551 Tax benefit 5,151 4,904 7,752 7,033 Total share-based compensation expense included in net income $ 16,489 $ 15,701 $ 24,818 $ 22,518 In addition to the above share-based compensation expenses, Polaris sponsors a qualified non-leveraged employee stock ownership plan (ESOP). Shares allocated to eligible participants’ accounts vest at various percentage rates based on years of service and require no cash payments from the recipient. At June 30, 2019 , there was $131,363,000 of total unrecognized share-based compensation expense related to unvested share-based equity awards. Unrecognized share-based compensation expense is expected to be recognized over a weighted-average period of 1.67 years. Included in unrecognized share-based compensation expense is approximately $36,651,000 related to stock options and $94,712,000

Financing Agreement

Financing Agreement	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Financing Agreement	Financing Agreements The carrying value of debt, finance lease obligations, and notes payable and the average related interest rates were as follows (in thousands): Average interest rate at June 30, 2019 Maturity June 30, 2019 December 31, 2018 Revolving loan facility 2.97% July 2023 $ 154,299 $ 187,631 Term loan facility 3.90% July 2023 1,120,000 1,150,000 Senior notes—fixed rate 4.60% May 2021 75,000 75,000 Senior notes—fixed rate 3.13% December 2020 100,000 100,000 Senior notes—fixed rate 4.23% July 2028 350,000 350,000 Finance lease obligations 5.11% Various through 2029 17,066 17,587 Notes payable and other 4.24% Various through 2030 86,399 87,608 Debt issuance costs (4,696 ) (5,256 ) Total debt, finance lease obligations, and notes payable $ 1,898,068 $ 1,962,570 Less: current maturities 66,505 66,543 Total long-term debt, finance lease obligations, and notes payable $ 1,831,563 $ 1,896,027 In July 2018, Polaris amended its unsecured revolving loan facility to increase the facility to $700,000,000 and increase its term loan facility to $ 1,180,000,000 , of which $1,120,000,000 is outstanding as of June 30, 2019 . The expiration date of the facility was extended to July 2023, and interest will continue to be charged at rates based on a LIBOR or “prime” base rate. Under the facility, the Company is required to make principal payments totaling $59,000,000 over the next 12 months, which are classified as current maturities in the consolidated balance sheets. In December 2010, the Company entered into a Master Note Purchase Agreement to issue $25,000,000 of unsecured senior notes due May 2018 and $75,000,000 of unsecured senior notes due May 2021 (collectively, the “Senior Notes”). The Senior Notes were issued in May 2011 . In December 2013, the Company entered into a First Supplement to Master Note Purchase Agreement, under which the Company issued $100,000,000 of unsecured senior notes due December 2020 . In July 2018, the Company entered into a Master Note Purchase Agreement to issue $350,000,000 of unsecured senior notes due July 2028. The unsecured revolving loan facility and the amended Master Note Purchase Agreement contain covenants that require Polaris to maintain certain financial ratios, including minimum interest coverage and maximum leverage ratios. Polaris was in compliance with all such covenants at June 30, 2019 . The debt issuance costs are recognized as a reduction in the carrying value of the related long-term debt in the consolidated balance sheets and are being amortized to interest expense in the consolidated statements of income over the expected remaining terms of the related debt. A property lease agreement for a manufacturing facility which Polaris began occupying in Opole, Poland commenced in February 2014. The Poland property lease is accounted for as a finance lease. The outstanding balance is included in long-term debt and current portion of long-term debt in the consolidated balance sheets. As a component of the Boat Holdings merger agreement, Polaris has committed to make a series of deferred payments to the former owners following the closing date of of the merger through July 2030. The original discounted payable was for $76,733,000 , all of which is outstanding as of June 30, 2019 . The outstanding balance is included in long-term debt and current portion of long-term debt in the consolidated balance sheets. The Company has a mortgage note payable agreement for land, on which Polaris built the Huntsville, Alabama manufacturing facility in 2016. The original mortgage note payable was for $14,500,000 , of which $9,666,000 is outstanding as of June 30, 2019 . The outstanding balance is included in Notes payable and other. The payment of principal and interest for the note payable is forgivable if the Company satisfies certain job commitments over the term of the note. The Company has met the required commitments to date.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill and other intangible assets, net of accumulated amortization, at June 30, 2019 and December 31, 2018 are as follows (in thousands): June 30, 2019 December 31, 2018 Goodwill $ 657,656 $ 647,077 Other intangible assets, net 851,066 870,517 Total goodwill and other intangible assets, net $ 1,508,722 $ 1,517,594 The changes in the carrying amount of goodwill for the six months ended June 30, 2019 were as follows (in thousands): Six months ended June 30, 2019 Goodwill, beginning of period $ 647,077 Goodwill adjustments related to businesses acquired 10,682 Currency translation effect on foreign goodwill balances (103 ) Goodwill, end of period $ 657,656 The components of other intangible assets were as follows (in thousands): Total estimated life (years) June 30, 2019 December 31, 2018 Non-amortizable—indefinite lived: Brand/trade names $ 442,221 $ 442,299 Amortizable: Non-compete agreements 4 2,630 2,630 Dealer/customer related 5-20 506,780 506,401 Developed technology 5-7 13,311 13,323 Total amortizable 522,721 522,354 Less: Accumulated amortization (113,876 ) (94,136 ) Net amortized other intangible assets 408,845 428,218 Total other intangible assets, net $ 851,066 $ 870,517 Amortization expense for intangible assets for the three months ended June 30, 2019 and 2018 was $10,250,000 and $6,058,000 , respectively. Estimated amortization expense for the remainder of 2019 through 2024 is as follows: 2019 (remainder), $20,563,000 ; 2020 , $35,991,000 ; 2021 , $33,204,000 ; 2022 , $28,233,000 ; 2023 , $25,703,000 ; 2024 , $25,157,000 ; and after 2024 , $239,994,000 . The preceding expected amortization expense is an estimate and actual amounts could differ due to additional intangible asset acquisitions, changes in foreign currency rates or impairment of intangible assets.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity During the six months ended June 30, 2019 , Polaris paid $6,537,000 to repurchase approximately 76,000 shares of its common stock. As of June 30, 2019 , the Board of Directors has authorized the Company to repurchase up to an additional 3,175,000 shares of Polaris stock. The repurchase of any or all such shares authorized for repurchase will be governed by applicable SEC rules and dependent on management’s assessment of market conditions. Polaris paid a regular cash dividend of $0.61 per share on June 17, 2019 to holders of record at the close of business on June 3, 2019 . Cash dividends declared and paid per common share for the three and six months ended June 30, 2019 and 2018 , were as follows: Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Cash dividends declared and paid per common share $ 0.61 $ 0.60 $ 1.22 $ 1.20 Net income per share Basic income per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding during each period, including shares earned under the Deferred Compensation Plan for Directors (“Director Plan”) and the ESOP and deferred stock units under the 2007 Omnibus Incentive Plan (“Omnibus Plan”). Diluted income per share is computed under the treasury stock method and is calculated to compute the dilutive effect of outstanding stock options and certain shares issued under the Omnibus Plan. A reconciliation of these amounts is as follows (in thousands): Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Weighted average number of common shares outstanding 61,089 62,913 61,025 62,982 Director Plan and deferred stock units 209 177 201 171 ESOP 121 82 126 85 Common shares outstanding—basic 61,419 63,172 61,352 63,238 Dilutive effect of Omnibus Plan 745 1,714 744 1,814 Common and potential common shares outstanding—diluted 62,164 64,886 62,096 65,052 During the three and six months ended June 30, 2019 , the number of options that were not included in the computation of diluted income per share because the option exercise price was greater than the market price, and therefore, the effect would have been anti-dilutive, was 4,045,000 and 4,069,000 , respectively, compared to 1,812,000 and 1,677,000 for the same periods in 2018 . Accumulated other comprehensive loss Changes in the accumulated other comprehensive loss balance are as follows (in thousands): Foreign Cash Flow Retirement Plan and Other Activity Accumulated Other Balance as of December 31, 2018 $ (60,504 ) $ 423 $ (2,892 ) $ (62,973 ) Reclassification to the statement of income — (2,313 ) 124 (2,189 ) Reclassification to retained earnings — — (668 ) (668 ) Change in fair value (804 ) (4,186 ) — (4,990 ) Balance as of June 30, 2019 $ (61,308 ) $ (6,076 ) $ (3,436 ) $ (70,820 ) The table below provides data about the amount of gains and losses, net of tax, reclassified from accumulated other comprehensive loss into the statements of income for cash flow derivatives designated as hedging instruments for the three and six months ended June 30, 2019 and 2018 (in thousands): Derivatives in Cash Flow Hedging Relationships and Other Activity Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Foreign currency contracts Other expense, net $ 929 $ 1,937 $ 2,133 $ 2,094 Foreign currency contracts Cost of sales 231 554 286 522 Interest rate contracts Interest expense (74 ) — (105 ) — Retirement plan activity Operating expenses (64 ) (45 ) (126 ) (130 ) Total $ 1,022 $ 2,446 $ 2,188 $ 2,486 The net amount of the existing gains or losses at June 30, 2019 that is expected to be reclassified into the statements of income within the next 12 months is not expected to be material. See Note 12 for further information regarding derivative activities.

Financial Services Arrangements

Financial Services Arrangements	6 Months Ended
	Jun. 30, 2019
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Financial Services Arrangements	Financial Services Arrangements Polaris Acceptance, a joint venture between Polaris and Wells Fargo Commercial Distribution Finance Corporation, a direct subsidiary of Wells Fargo Bank, N.A. (“Wells Fargo”), which is supported by a partnership agreement between their respective wholly owned subsidiaries, finances substantially all of Polaris’ United States sales of snowmobiles, ORVs, motorcycles, and related PG&A, whereby Polaris receives payment within a few days of shipment of the product. Polaris’ subsidiary has a 50 percent equity interest in Polaris Acceptance. Polaris Acceptance sells a majority of its receivable portfolio to a securitization facility (the “Securitization Facility”) arranged by Wells Fargo. The sale of receivables from Polaris Acceptance to the Securitization Facility is accounted for in Polaris Acceptance’s financial statements as a “true-sale” under Accounting Standards Codification (“ASC”) Topic 860. Polaris’ allocable share of the income of Polaris Acceptance has been included as a component of income from financial services in the accompanying consolidated statements of income. The partnership agreement is effective through February 2022. Polaris’ total investment in Polaris Acceptance of $97,303,000 at June 30, 2019 is accounted for under the equity method, and is recorded in investment in finance affiliate in the accompanying consolidated balance sheets. At June 30, 2019 , the outstanding amount of net receivables financed for dealers under this arrangement was $1,272,378,000 , which included $606,157,000 in the Polaris Acceptance portfolio and $666,221,000 of receivables within the Securitization Facility (“Securitized Receivables”). Polaris has agreed to repurchase products repossessed by Polaris Acceptance up to an annual maximum of 15 percent of the aggregate average month-end outstanding Polaris Acceptance receivables and Securitized Receivables during the prior calendar year. For calendar year 2019 , the potential 15 percent aggregate repurchase obligation is approximately $180,557,000 . Polaris’ financial exposure under this arrangement is limited to the difference between the amounts unpaid by the dealer with respect to the repossessed product plus costs of repossession and the amount received on the resale of the repossessed product. No material losses have been incurred under this agreement during the periods presented. A subsidiary of TCF Financial Corporation (“TCF”) finances a portion of Polaris’ United States sales of boats whereby Polaris receives payment within a few days of shipment of the product. Polaris has agreed to repurchase products repossessed by TCF up to a maximum of 100 percent of the aggregate outstanding TCF receivables balance. At June 30, 2019 , the potential aggregate repurchase obligation was approximately $201,500,000 . Polaris’ financial exposure under this arrangement is limited to the difference between the amounts unpaid by the dealer with respect to the repossessed product plus costs of repossession and the amount received on the resale of the repossessed product. No material losses have been incurred under this agreement during the periods presented. Polaris has agreements with Performance Finance, Sheffield Financial and Synchrony Bank, under which these financial institutions provide financing to end consumers of Polaris products. Polaris’ income generated from these agreements has been included as a component of income from financial services in the accompanying consolidated statements of income.

Investment in Other Affiliates

Investment in Other Affiliates	6 Months Ended
	Jun. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
Investment in Other Affiliates	Investment in Other Affiliates The Company has certain investments in nonmarketable securities of strategic companies. The Company had $5,072,000 and $6,133,000 of such investments as of June 30, 2019 , and December 31, 2018, respectively, and are recorded as a component of other long-term assets in the accompanying consolidated balance sheets. During 2018, the Company had an investment in Eicher-Polaris Private Limited (“EPPL”), a joint venture established in 2012 with Eicher Motors Limited (“Eicher”) intended to design, develop and manufacture a full range of new vehicles for India and other emerging markets. However, during the first quarter of 2018, the Board of Directors of EPPL approved a shut down of the operations of the EPPL joint venture. As a result of the closure, the Company recognized $3,817,000 and $23,447,000 of costs, including impairment, associated with the wind-down of EPPL for the three and six months ended June 30, 2018 , respectively. No such costs were recorded in 2019. The investment was fully impaired as of June 30, 2019 and December 31, 2018 . The Company impairs an investment and recognizes a loss if and when events or circumstances indicate there is impairment in the investment that is other-than-temporary. When necessary, the Company evaluates investments in nonmarketable securities for impairment, utilizing Level 3 fair value inputs. In October 2017, an agreement was signed to sell the assets of Brammo, Inc. to a third party. During the first quarter of 2018, the Company received additional distributions from Brammo and recognized a gain of $13,478,000 , which is included in Other income on the consolidated statements of income.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	Leases The Company leases certain manufacturing facilities, retail stores, warehouses, distribution centers, office space, land, and equipment. Leases with an initial term of 12 months or less are not recorded on the balance sheet; the Company recognizes lease expense for these leases on a straight-line basis over the lease term. The Company does not separate non-lease components from the lease components to which they relate, and instead accounts for each separate lease and non-lease component associated with that lease component as a single lease component for all underlying asset classes. As most of the Company's leases do not provide an implicit rate, the Company uses its estimated incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. Some leases include one or more options to renew, with renewal terms that can extend the lease term from one to 20 years or more. The exercise of lease renewal options is at the Company’s sole discretion. Certain leases also include options to purchase the leased property. The depreciable life of assets and leasehold improvements are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise. Certain lease agreements include rental payments that are variable based on usage or are adjusted periodically for inflation. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. Information on the Company’s leases is summarized as follows (in thousands): Classification June 30, 2019 Assets Operating lease assets Operating lease assets $ 108,013 Finance lease assets Property and equipment, net (1) 13,689 Total leased assets $ 121,702 Liabilities Current Operating lease liabilities Current operating lease liabilities $ 35,084 Finance lease liabilities Current portion of debt, finance lease obligations and notes payable 1,286 Long-term Operating lease liabilities Long-term operating lease liabilities 75,479 Finance lease liabilities Finance lease obligations 15,780 Total lease liabilities $ 127,629 (1) Finance lease assets are recorded net of accumulated amortization of $7,133,000 as of June 30, 2019 . Lease Cost Classification Three months ended June 30, 2019 Six months ended June 30, 2019 Operating lease cost (1) Operating expenses and cost of sales $ 10,506 $ 20,594 Finance lease cost Amortization of leased assets Operating expenses and cost of sales 375 744 Interest on lease liabilities Interest expense 226 453 Sublease income Other (income) expense, net (578 ) (1,156 ) Total lease cost $ 10,529 $ 20,635 (1) Includes short-term leases and variable lease costs, which are immaterial. Maturity of Lease Liabilities Operating Leases (1) Finance Leases Total 2019 (remainder) $ 20,019 $ 1,074 $ 21,093 2020 33,216 2,151 35,367 2021 23,589 2,139 25,728 2022 15,662 2,103 17,765 2023 11,110 2,103 13,213 Thereafter 15,029 12,111 27,140 Total lease payments $ 118,625 $ 21,681 $ 140,306 Less: interest 8,062 4,615 Present value of lease payments $ 110,563 $ 17,066 (1) Operating lease payments include $4,211,000 related to options to extend lease terms that are reasonably certain of being exercised. Leases that the Company has signed but have not yet commenced are immaterial. Lease Term and Discount Rate June 30, 2019 Weighted-average remaining lease term (years) Operating leases 4.27 Finance leases 9.98 Weighted-average discount rate Operating leases 3.36 % Finance leases 5.11 % Other Information Six months ended June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 20,745 Operating cash flows from finance leases 321 Financing cash flows from finance leases 749 Leased assets obtained in exchange for new operating lease liabilities 8,105
Leases	Leases The Company leases certain manufacturing facilities, retail stores, warehouses, distribution centers, office space, land, and equipment. Leases with an initial term of 12 months or less are not recorded on the balance sheet; the Company recognizes lease expense for these leases on a straight-line basis over the lease term. The Company does not separate non-lease components from the lease components to which they relate, and instead accounts for each separate lease and non-lease component associated with that lease component as a single lease component for all underlying asset classes. As most of the Company's leases do not provide an implicit rate, the Company uses its estimated incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. Some leases include one or more options to renew, with renewal terms that can extend the lease term from one to 20 years or more. The exercise of lease renewal options is at the Company’s sole discretion. Certain leases also include options to purchase the leased property. The depreciable life of assets and leasehold improvements are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise. Certain lease agreements include rental payments that are variable based on usage or are adjusted periodically for inflation. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. Information on the Company’s leases is summarized as follows (in thousands): Classification June 30, 2019 Assets Operating lease assets Operating lease assets $ 108,013 Finance lease assets Property and equipment, net (1) 13,689 Total leased assets $ 121,702 Liabilities Current Operating lease liabilities Current operating lease liabilities $ 35,084 Finance lease liabilities Current portion of debt, finance lease obligations and notes payable 1,286 Long-term Operating lease liabilities Long-term operating lease liabilities 75,479 Finance lease liabilities Finance lease obligations 15,780 Total lease liabilities $ 127,629 (1) Finance lease assets are recorded net of accumulated amortization of $7,133,000 as of June 30, 2019 . Lease Cost Classification Three months ended June 30, 2019 Six months ended June 30, 2019 Operating lease cost (1) Operating expenses and cost of sales $ 10,506 $ 20,594 Finance lease cost Amortization of leased assets Operating expenses and cost of sales 375 744 Interest on lease liabilities Interest expense 226 453 Sublease income Other (income) expense, net (578 ) (1,156 ) Total lease cost $ 10,529 $ 20,635 (1) Includes short-term leases and variable lease costs, which are immaterial. Maturity of Lease Liabilities Operating Leases (1) Finance Leases Total 2019 (remainder) $ 20,019 $ 1,074 $ 21,093 2020 33,216 2,151 35,367 2021 23,589 2,139 25,728 2022 15,662 2,103 17,765 2023 11,110 2,103 13,213 Thereafter 15,029 12,111 27,140 Total lease payments $ 118,625 $ 21,681 $ 140,306 Less: interest 8,062 4,615 Present value of lease payments $ 110,563 $ 17,066 (1) Operating lease payments include $4,211,000 related to options to extend lease terms that are reasonably certain of being exercised. Leases that the Company has signed but have not yet commenced are immaterial. Lease Term and Discount Rate June 30, 2019 Weighted-average remaining lease term (years) Operating leases 4.27 Finance leases 9.98 Weighted-average discount rate Operating leases 3.36 % Finance leases 5.11 % Other Information Six months ended June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 20,745 Operating cash flows from finance leases 321 Financing cash flows from finance leases 749 Leased assets obtained in exchange for new operating lease liabilities 8,105

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Product liability. Polaris is subject to product liability claims in the normal course of business. The Company carries excess insurance coverage for catastrophic product liability claims. Polaris self-insures product liability claims before the policy date and up to the purchased catastrophic insurance coverage after the policy date. The estimated costs resulting from any losses are charged to operating expenses when it is probable a loss has been incurred and the amount of the loss is reasonably estimable. The Company utilizes historical trends and actuarial analysis, along with an analysis of current claims, to assist in determining the appropriate loss reserve levels. At June 30, 2019 , the Company had an accrual of $55,725,000 for the probable payment of pending claims related to continuing product liability litigation associated with Polaris products. This accrual is included as a component of other accrued expenses in the accompanying consolidated balance sheets. Litigation. Polaris is a defendant in lawsuits and subject to other claims arising in the normal course of business, including matters related to intellectual property, commercial matters, product liability claims, and putative class action lawsuits. As of June 30, 2019 , the Company is party to two putative class actions pending against Polaris in the United States, alleging that certain Polaris products caused economic losses resulting from unresolved fire hazards and excessive heat hazards. The Company is unable to provide an evaluation of the likelihood that a loss will be incurred or an estimate of the range of possible loss. In the opinion of management, it is unlikely that any legal proceedings pending against or involving Polaris will have a material adverse effect on Polaris’ financial position, results of operations, or cash flows. However, in many of these matters, it is inherently difficult to determine whether a loss is probable or reasonably possible or to estimate the size or range of the possible loss given the variety and potential outcomes of actual and potential claims, the uncertainty of future rulings, the behavior or incentives of adverse parties, and other factors outside of the control of the Company. Accordingly, the Company’s loss reserve may change from time to time, and actual losses could exceed the amounts accrued by an amount that could be material to our consolidated financial position, results of operations, or cash flows in any particular reporting period. Regulatory.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities The Company is exposed to certain risks relating to its ongoing business operations. The primary risks managed by using derivative instruments are foreign currency risk, interest rate risk and commodity price fluctuations. Derivative contracts on various currencies are entered into in order to manage foreign currency exposures associated with certain product sourcing activities and intercompany cash flows. Interest rate swaps are occasionally entered into in order to maintain a balanced risk of fixed and floating interest rates associated with the Company’s long-term debt. Commodity hedging contracts are occasionally entered into in order to manage fluctuating market prices of certain purchased commodities and raw materials that are integrated into the Company’s products. The Company’s foreign currency management objective is to mitigate the potential impact of currency fluctuations on the value of its U.S. dollar cash flows and to reduce the variability of certain cash flows at the subsidiary level. The Company actively manages certain forecasted foreign currency exposures and uses a centralized currency management operation to take advantage of potential opportunities to naturally offset foreign currency exposures. The decision of whether and when to execute derivative instruments, along with the duration of the instrument, may vary from period to period depending on market conditions, the relative costs of the instruments and capacity to hedge. The duration is linked to the timing of the underlying exposure, with the connection between the two being regularly monitored. Polaris does not use any financial contracts for trading purposes. At June 30, 2019 and December 31, 2018, the Company had the following open foreign currency contracts (in thousands): June 30, 2019 December 31, 2018 Foreign Currency Notional Amounts (in U.S. Dollars) Net Unrealized Gain (Loss) Notional Amounts (in U.S. Dollars) Net Unrealized Gain (Loss) Australian Dollar $ 20,217 $ 156 $ — $ — Canadian Dollar 151,769 (596 ) 55,133 2,564 Mexican Peso 17,590 1,042 19,222 564 Total $ 189,576 $ 602 $ 74,355 $ 3,128 These contracts, with maturities through June 2020 , met the criteria for cash flow hedges, and are recorded in other current assets or other current liabilities on the consolidated balance sheet. The unrealized gains or losses, after tax, are recorded as a component of accumulated other comprehensive loss in shareholders’ equity. The Company enters into interest rate swap transactions to hedge the variable interest rate payments for the Term Loan Facility. In connection with these transactions, the Company pays interest based upon a fixed rate and receives variable rate interest payments based on the one-month LIBOR. At June 30, 2019 and December 31, 2018, the Company had the following open interest rate swap contracts (in thousands): June 30, 2019 December 31, 2018 Effective Date Termination Date Notional Amounts Net Unrealized Gain (Loss) Notional Amounts Net Unrealized Gain (Loss) May 2, 2018 May 4, 2021 $ 25,000 $ (45 ) $ 25,000 $ 397 September 28, 2018 September 30, 2019 250,000 (259 ) 250,000 (163 ) September 30, 2019 September 30, 2023 150,000 (7,947 ) 150,000 (2,899 ) May 3, 2019 May 3, 2020 100,000 (397 ) — — Total $ 525,000 $ (8,648 ) $ 425,000 $ (2,665 ) These contracts, with maturities through September 2023, met the criteria for cash flow hedges, and are recorded in other current assets or other current liabilities on the consolidated balance sheet. Assets and liabilities are offset in the consolidated balance sheet if the right of offset exists. The unrealized gains or losses, after tax, are recorded as a component of accumulated other comprehensive loss in shareholders’ equity. The table below summarizes the carrying values of derivative instruments as of June 30, 2019 and December 31, 2018 (in thousands): Carrying Values of Derivative Instruments as of June 30, 2019 Fair Value— Assets Fair Value— (Liabilities) Derivative Net Carrying Value Derivatives designated as hedging instruments Foreign exchange contracts $ 602 $ — $ 602 Interest rate contracts — (8,648 ) (8,648 ) Total derivatives designated as hedging instruments $ 602 $ (8,648 ) $ (8,046 ) Carrying Values of Derivative Instruments as of December 31, 2018 Fair Value— Assets Fair Value— (Liabilities) Derivative Net Carrying Value Derivatives designated as hedging instruments Foreign exchange contracts $ 3,128 $ — $ 3,128 Interest rate contracts — (2,665 ) (2,665 ) Total derivatives designated as hedging instruments $ 3,128 $ (2,665 ) $ 463 Gains and losses on derivative instruments representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in the current statement of income. The amount of gains (losses), net of tax, related to the effective portions of derivative instruments designated as cash flow hedges included in accumulated other comprehensive loss for the three and six months ended June 30, 2019 were $(4,030,000) and $(6,499,000) , respectively, compared to $580,000 and $5,109,000 for the same respective periods in 2018. See Note 7 for information about the amount of gains and losses, net of tax, reclassified from accumulated other comprehensive loss into the statements of income for derivative instruments designated as hedging instruments. The ineffective portion of foreign currency contracts was not material for the three and six month period ended June 30, 2019 .

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Segment Information	Segment Reporting The Company’s reportable segments are based on the Company’s method of internal reporting, which generally segregates the operating segments by product line, inclusive of wholegoods and PG&A. The internal reporting of these operating segments is defined based, in part, on the reporting and review process used by the Company’s Chief Executive Officer. The Company has six operating segments: 1) ORV, 2) Snowmobiles, 3) Motorcycles, 4) Global Adjacent Markets, 5) Aftermarket, and 6) Boats, and five reportable segments: 1) ORV/Snowmobiles, 2) Motorcycles, 3) Global Adjacent Markets, 4) Aftermarket, and 5) Boats. Through June 30, 2018, the Company reported under four segments for segment reporting. However, during the third quarter ended September 30, 2018, as a result of the Boat Holdings acquisition, the Company established a new reporting segment, Boats. The ORV/Snowmobiles segment includes the aggregated results of the Company’s ORV and Snowmobiles operating segments. The Motorcycles, Global Adjacent Markets, Aftermarket, and Boats segments include the results for those respective operating segments. The Corporate amounts include costs that are not allocated to segments, such as incentive-based compensation and unallocated manufacturing costs. Additionally, given the commonality of customers, manufacturing and asset management, the Company does not maintain separate balance sheets for each segment. Accordingly, the segment information presented below is limited to sales and gross profit data (in thousands): Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Sales ORV/Snowmobiles $ 1,049,321 $ 990,841 $ 1,916,768 $ 1,823,405 Motorcycles 196,773 171,412 314,715 302,969 Global Adjacent Markets 121,924 113,418 226,880 226,745 Aftermarket 228,872 226,861 449,407 446,886 Boats 182,425 — 367,235 — Total sales $ 1,779,315 $ 1,502,532 $ 3,275,005 $ 2,800,005 Gross profit ORV/Snowmobiles $ 312,689 $ 297,221 $ 564,924 $ 540,782 Motorcycles 26,802 24,672 33,764 41,240 Global Adjacent Markets 33,884 28,107 63,713 59,365 Aftermarket 55,214 57,747 111,689 116,199 Boats 40,477 — 76,641 — Corporate (32,618 ) (22,571 ) (61,835 ) (48,929 ) Total gross profit $ 436,448 $ 385,176 $ 788,896 $ 708,657

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation. The accompanying unaudited consolidated financial statements of Polaris Industries Inc. (“Polaris” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States for interim financial statements and, therefore, do not include all information and disclosures of results of operations, financial position and changes in cash flow in conformity with accounting principles generally accepted in the United States for complete financial statements. Accordingly, such statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 previously filed with the Securities and Exchange Commission (“SEC”). In the opinion of management, such statements reflect all adjustments (which include only normal recurring adjustments) necessary for a fair presentation of the financial position, results of operations, equity, and cash flows for the periods presented. Due to the seasonality trends for certain products and to certain changes in production and shipping cycles, results of such periods are not necessarily indicative of the results to be expected for the complete year.
Fair value measurements	Fair value measurements. Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Assets and liabilities measured at fair value are classified using the following hierarchy, which is based upon the transparency of inputs to the valuation as of the measurement date: Level 1 — Quoted prices in active markets for identical assets or liabilities. Level 2 — Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. In making fair value measurements, observable market data must be used when available. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement. The Company utilizes the market approach to measure fair value for its non-qualified deferred compensation assets and liabilities, and the income approach for foreign currency contracts, and interest rate contracts. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities, and for the income approach, the Company uses significant other observable inputs to value its derivative instruments used to hedge foreign currency, interest rate, and commodity transactions.
Inventories	Inventories.
New Accounting Pronouncements	New accounting pronouncements. Leases. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) and in July 2018, ASU No. 2018-10, Codification Improvements to Topic 842, Leases , and ASU 2018-11, Leases (Topic 842) - Targeted Improvements (collectively, “the new lease standard” or “ASC 842”). The new standard requires lessees to record assets and liabilities on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with the classification affecting the pattern of expense recognition in the income statement. The Company adopted the standard as of January 1, 2019 using the alternative transition method provided under ASC 842, which allowed the Company to initially apply the new lease standard at the adoption date. The Company elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allowed the Company to carry forward the historical lease classification. The Company did not elect the hindsight practical expedient permitted under the transition guidance within the new lease standard. The Company made an accounting policy election to not record leases with an initial term of 12 months or less on the balance sheet. The Company also elected the practical expedient to not separate non-lease components from the lease components to which they relate, and instead account for each separate lease and non-lease component associated with that lease component as a single lease component for all underlying asset classes. Accordingly, all costs associated with a lease contract are accounted for as lease cost. The new standard resulted in the recognition of additional net lease assets and lease liabilities of approximately $115,681,000 as of January 1, 2019. The adoption of ASC 842 did not have a material impact on the Company’s consolidated results of operations, equity or cash flows as of the adoption date. Under the alternative method of adoption, comparative information was not restated, but will continue to be reported under the standards in effect for those periods. See Note 10 for further information regarding the Company’s leases. Derivatives and hedging. Effective January 1, 2019, the Company adopted ASU No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities . The adoption of this ASU did not have a material impact on the Company’s consolidated financial position, results of operations, equity or cash flows. Non-employee share-based payments. Effective January 1, 2019, the Company adopted ASU No. 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Non-employee Share-based Payment Accounting . The adoption of this ASU did not have a material impact on the Company’s consolidated financial position, results of operations, equity or cash flows. Intangibles-Goodwill and Other. Effective January 1, 2019, the Company early adopted ASU 2017-04, Intangibles-Goodwill and Other (Topic 350) . The new standard simplifies the subsequent measurement of goodwill by eliminating the second step of the goodwill impairment test. Stranded Tax Effects. Effective January 1, 2019 the Company adopted ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income , which allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the reduction of the U.S. federal statutory income tax rate to 21% from 35% due to the enactment of the Tax Cuts and Jobs Act of 2017 (the "Tax Act"). As a result of the adoption of ASU 2018-02, the Company recorded a $668,000 reclassification to decrease Accumulated Other Comprehensive Income and increase Retained Earnings. Financial instruments. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , and in November 2018 issued a subsequent amendment, ASU 2018-19, Codification Improvements to Topic 326, Financial Instruments - Credit Losses . ASU 2016-13 significantly changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. ASU 2016-13 will replace today’s “incurred loss” approach with an “expected loss” model for instruments measured at amortized cost. ASU 2018-19 will affect loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope of this amendment that have the contractual right to receive cash. ASU 2016-13 is effective for fiscal years and interim periods beginning after December 15, 2019, and is effective for the Company’s fiscal year beginning January 1, 2020. The adoption of the ASU is not expected to have a material impact on the Company’s consolidated financial position, results of operations, equity or cash flows. There are no other new accounting pronouncements that are expected to have a significant impact on the Company’s consolidated financial statements.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	Assets and liabilities measured at fair value on a recurring basis are summarized below (in thousands): Fair Value Measurements as of June 30, 2019 Asset (Liability) Total Level 1 Level 2 Level 3 Non-qualified deferred compensation assets $ 48,548 $ 48,548 $ — $ — Foreign exchange contracts, net 602 — 602 — Total assets at fair value $ 49,150 $ 48,548 $ 602 $ — Non-qualified deferred compensation liabilities $ (48,548 ) $ (48,548 ) $ — $ — Interest rate contracts, net (8,648 ) — (8,648 ) — Total liabilities at fair value $ (57,196 ) $ (48,548 ) $ (8,648 ) $ — Fair Value Measurements as of December 31, 2018 Asset (Liability) Total Level 1 Level 2 Level 3 Non-qualified deferred compensation assets $ 48,545 $ 48,545 $ — $ — Foreign exchange contracts, net 3,128 — 3,128 — Total assets at fair value $ 51,673 $ 48,545 $ 3,128 $ — Non-qualified deferred compensation liabilities $ (48,545 ) $ (48,545 ) $ — $ — Interest rate contracts, net (2,665 ) — (2,665 ) — Total liabilities at fair value $ (51,210 ) $ (48,545 ) $ (2,665 ) $ —
Schedule of major components of inventories	The major components of inventories are as follows (in thousands): June 30, 2019 December 31, 2018 Raw materials and purchased components $ 281,934 $ 233,258 Service parts, garments and accessories 341,076 342,593 Finished goods 562,252 442,003 Less: reserves (54,998 ) (48,343 ) Inventories $ 1,130,264 $ 969,511
Schedule of activity in the warranty reserve	The activity in the warranty reserve during the periods presented was as follows (in thousands): Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Balance at beginning of period $ 116,217 $ 116,286 $ 121,824 $ 123,840 Additions to reserve related to acquisitions 8,809 — 8,809 — Additions charged to expense 36,854 26,141 62,873 42,172 Warranty claims paid, net (29,122 ) (36,272 ) (60,748 ) (59,857 ) Balance at end of period $ 132,758 $ 106,155 $ 132,758 $ 106,155

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2019
Revenue Recognition [Abstract]
Disaggregation of Revenue	The following tables disaggregate the Company’s revenue by major product type and geography (in thousands): Three months ended June 30, 2019 ORV / Snowmobiles Motorcycles Global Adj. Markets Aftermarket Boats Consolidated Revenue by product type Wholegoods $ 864,261 $ 169,421 $ 98,652 — $ 182,425 $ 1,314,759 PG&A 185,060 27,352 23,272 $ 228,872 — 464,556 Total revenue $ 1,049,321 $ 196,773 $ 121,924 $ 228,872 $ 182,425 $ 1,779,315 Revenue by geography United States $ 871,854 $ 120,183 $ 58,146 $ 219,174 $ 177,203 $ 1,446,560 Canada 74,223 10,414 2,150 9,698 5,222 101,707 EMEA 65,757 48,707 60,867 — — 175,331 APLA 37,487 17,469 761 — — 55,717 Total revenue $ 1,049,321 $ 196,773 $ 121,924 $ 228,872 $ 182,425 $ 1,779,315 Three months ended June 30, 2018 ORV / Snowmobiles Motorcycles Global Adj. Markets Aftermarket Boats Consolidated Revenue by product type Wholegoods $ 820,850 $ 146,671 $ 93,550 — $ — $ 1,061,071 PG&A 169,991 24,741 19,868 $ 226,861 — 441,461 Total revenue $ 990,841 $ 171,412 $ 113,418 $ 226,861 $ — $ 1,502,532 Revenue by geography United States $ 818,318 $ 113,561 $ 49,740 $ 215,572 $ — $ 1,197,191 Canada 68,576 10,769 10,216 11,289 — 100,850 EMEA 64,632 31,667 52,169 — — 148,468 APLA 39,315 15,415 1,293 — — 56,023 Total revenue $ 990,841 $ 171,412 $ 113,418 $ 226,861 $ — $ 1,502,532 Six months ended June 30, 2019 ORV / Snowmobiles Motorcycles Global Adj. Markets Aftermarket Boats Consolidated Revenue by product type Wholegoods $ 1,565,123 $ 271,770 $ 183,321 — $ 367,235 $ 2,387,449 PG&A 351,645 42,945 43,559 $ 449,407 — 887,556 Total revenue $ 1,916,768 $ 314,715 $ 226,880 $ 449,407 $ 367,235 $ 3,275,005 Revenue by geography United States $ 1,580,724 $ 188,080 $ 109,829 $ 430,790 $ 358,063 $ 2,667,486 Canada 125,854 16,435 3,203 18,617 9,172 173,281 EMEA 144,483 79,423 112,270 — — 336,176 APLA 65,707 30,777 1,578 — — 98,062 Total revenue $ 1,916,768 $ 314,715 $ 226,880 $ 449,407 $ 367,235 $ 3,275,005 Six months ended June 30, 2018 ORV / Snowmobiles Motorcycles Global Adj. Markets Aftermarket Boats Consolidated Revenue by product type Wholegoods $ 1,504,353 $ 260,779 $ 185,562 — $ — $ 1,950,694 PG&A 319,052 42,190 41,183 $ 446,886 — 849,311 Total revenue $ 1,823,405 $ 302,969 $ 226,745 $ 446,886 $ — $ 2,800,005 Revenue by geography United States $ 1,480,913 $ 197,458 $ 99,794 $ 426,566 $ — $ 2,204,731 Canada 126,331 17,709 15,585 20,320 — 179,945 EMEA 143,561 58,338 109,089 — — 310,988 APLA 72,600 29,464 2,277 — — 104,341 Total revenue $ 1,823,405 $ 302,969 $ 226,745 $ 446,886 $ — $ 2,800,005
Deferred Revenue, by Arrangement, Disclosure	The activity in the deferred revenue reserve during the periods presented was as follows (in thousands): Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Balance at beginning of period $ 63,500 $ 49,345 $ 59,915 $ 45,760 New contracts sold 11,496 8,848 21,385 17,172 Less: reductions for revenue recognized (7,315 ) (5,573 ) (13,619 ) (10,312 ) Balance at end of period (1) $ 67,681 $ 52,620 $ 67,681 $ 52,620

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Summary of preliminary fair values of net assets acquired and determination of final net assets	The following table summarizes the preliminary fair values assigned to the Boat Holdings net assets acquired and the determination of net assets (in thousands): Cash and cash equivalents $ 16,534 Trade receivables 17,528 Inventory 39,948 Other current assets 4,451 Property, plant and equipment 35,299 Customer relationships 341,080 Trademarks / trade names 210,680 Non-compete agreements 2,630 Goodwill 222,372 Accounts payable (30,064 ) Other liabilities assumed (37,266 ) Total fair value of net assets acquired 823,192 Less cash acquired (16,534 ) Total consideration for acquisition, less cash acquired $ 806,658
Unaudited pro forma information	The following unaudited pro forma information represents the Company’s results of operations as if the fiscal 2018 acquisition of Boat Holdings had occurred at the beginning of fiscal 2018 (in thousands, except per share data). Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Sales $ 1,779,315 $ 1,689,050 $ 3,275,005 $ 3,151,165 Net income 89,346 104,446 138,526 166,336 Basic earnings per share $ 1.45 $ 1.65 $ 2.26 $ 2.63 Diluted earnings per common share $ 1.44 $ 1.61 $ 2.23 $ 2.56

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of share-based compensation expenses	Total share-based compensation expenses were comprised as follows (in thousands): Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Option awards $ 6,801 $ 6,758 $ 8,113 $ 9,815 Other share-based awards 14,839 13,847 24,457 19,736 Total share-based compensation before tax 21,640 20,605 32,570 29,551 Tax benefit 5,151 4,904 7,752 7,033 Total share-based compensation expense included in net income $ 16,489 $ 15,701 $ 24,818 $ 22,518

Financing Agreement (Tables)

Financing Agreement (Tables)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Debt and Capital Lease Obligations	The carrying value of debt, finance lease obligations, and notes payable and the average related interest rates were as follows (in thousands): Average interest rate at June 30, 2019 Maturity June 30, 2019 December 31, 2018 Revolving loan facility 2.97% July 2023 $ 154,299 $ 187,631 Term loan facility 3.90% July 2023 1,120,000 1,150,000 Senior notes—fixed rate 4.60% May 2021 75,000 75,000 Senior notes—fixed rate 3.13% December 2020 100,000 100,000 Senior notes—fixed rate 4.23% July 2028 350,000 350,000 Finance lease obligations 5.11% Various through 2029 17,066 17,587 Notes payable and other 4.24% Various through 2030 86,399 87,608 Debt issuance costs (4,696 ) (5,256 ) Total debt, finance lease obligations, and notes payable $ 1,898,068 $ 1,962,570 Less: current maturities 66,505 66,543 Total long-term debt, finance lease obligations, and notes payable $ 1,831,563 $ 1,896,027

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets and goodwill	Goodwill and other intangible assets, net of accumulated amortization, at June 30, 2019 and December 31, 2018 are as follows (in thousands): June 30, 2019 December 31, 2018 Goodwill $ 657,656 $ 647,077 Other intangible assets, net 851,066 870,517 Total goodwill and other intangible assets, net $ 1,508,722 $ 1,517,594
Schedule of changes in carrying amount of goodwill	The changes in the carrying amount of goodwill for the six months ended June 30, 2019 were as follows (in thousands): Six months ended June 30, 2019 Goodwill, beginning of period $ 647,077 Goodwill adjustments related to businesses acquired 10,682 Currency translation effect on foreign goodwill balances (103 ) Goodwill, end of period $ 657,656
Schedule of other intangible assets, changes in net carrying amount
Schedule of components of other intangible assets	The components of other intangible assets were as follows (in thousands): Total estimated life (years) June 30, 2019 December 31, 2018 Non-amortizable—indefinite lived: Brand/trade names $ 442,221 $ 442,299 Amortizable: Non-compete agreements 4 2,630 2,630 Dealer/customer related 5-20 506,780 506,401 Developed technology 5-7 13,311 13,323 Total amortizable 522,721 522,354 Less: Accumulated amortization (113,876 ) (94,136 ) Net amortized other intangible assets 408,845 428,218 Total other intangible assets, net $ 851,066 $ 870,517

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Schedule of cash dividends declared per common share	Cash dividends declared and paid per common share for the three and six months ended June 30, 2019 and 2018 , were as follows: Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Cash dividends declared and paid per common share $ 0.61 $ 0.60 $ 1.22 $ 1.20
Schedule of reconciliation of weighted average number of shares	A reconciliation of these amounts is as follows (in thousands): Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Weighted average number of common shares outstanding 61,089 62,913 61,025 62,982 Director Plan and deferred stock units 209 177 201 171 ESOP 121 82 126 85 Common shares outstanding—basic 61,419 63,172 61,352 63,238 Dilutive effect of Omnibus Plan 745 1,714 744 1,814 Common and potential common shares outstanding—diluted 62,164 64,886 62,096 65,052
Schedule of changes in accumulated other comprehensive income (loss) balances	Changes in the accumulated other comprehensive loss balance are as follows (in thousands): Foreign Cash Flow Retirement Plan and Other Activity Accumulated Other Balance as of December 31, 2018 $ (60,504 ) $ 423 $ (2,892 ) $ (62,973 ) Reclassification to the statement of income — (2,313 ) 124 (2,189 ) Reclassification to retained earnings — — (668 ) (668 ) Change in fair value (804 ) (4,186 ) — (4,990 ) Balance as of June 30, 2019 $ (61,308 ) $ (6,076 ) $ (3,436 ) $ (70,820 )
Schedule of gains and losses, net of tax, reclassified from accumulated other comprehensive income into the income statement for cash flow derivatives designated as hedging instruments	The table below provides data about the amount of gains and losses, net of tax, reclassified from accumulated other comprehensive loss into the statements of income for cash flow derivatives designated as hedging instruments for the three and six months ended June 30, 2019 and 2018 (in thousands): Derivatives in Cash Flow Hedging Relationships and Other Activity Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Foreign currency contracts Other expense, net $ 929 $ 1,937 $ 2,133 $ 2,094 Foreign currency contracts Cost of sales 231 554 286 522 Interest rate contracts Interest expense (74 ) — (105 ) — Retirement plan activity Operating expenses (64 ) (45 ) (126 ) (130 ) Total $ 1,022 $ 2,446 $ 2,188 $ 2,486

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Summary of Lease Assets and Liabilities	Information on the Company’s leases is summarized as follows (in thousands): Classification June 30, 2019 Assets Operating lease assets Operating lease assets $ 108,013 Finance lease assets Property and equipment, net (1) 13,689 Total leased assets $ 121,702 Liabilities Current Operating lease liabilities Current operating lease liabilities $ 35,084 Finance lease liabilities Current portion of debt, finance lease obligations and notes payable 1,286 Long-term Operating lease liabilities Long-term operating lease liabilities 75,479 Finance lease liabilities Finance lease obligations 15,780 Total lease liabilities $ 127,629 (1) Finance lease assets are recorded net of accumulated amortization of $7,133,000 as of June 30, 2019 .
Summary of Lease Costs	Lease Term and Discount Rate June 30, 2019 Weighted-average remaining lease term (years) Operating leases 4.27 Finance leases 9.98 Weighted-average discount rate Operating leases 3.36 % Finance leases 5.11 % Lease Cost Classification Three months ended June 30, 2019 Six months ended June 30, 2019 Operating lease cost (1) Operating expenses and cost of sales $ 10,506 $ 20,594 Finance lease cost Amortization of leased assets Operating expenses and cost of sales 375 744 Interest on lease liabilities Interest expense 226 453 Sublease income Other (income) expense, net (578 ) (1,156 ) Total lease cost $ 10,529 $ 20,635 (1) Includes short-term leases and variable lease costs, which are immaterial. Other Information Six months ended June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 20,745 Operating cash flows from finance leases 321 Financing cash flows from finance leases 749 Leased assets obtained in exchange for new operating lease liabilities 8,105
Summary of Operating Lease Maturities	Maturity of Lease Liabilities Operating Leases (1) Finance Leases Total 2019 (remainder) $ 20,019 $ 1,074 $ 21,093 2020 33,216 2,151 35,367 2021 23,589 2,139 25,728 2022 15,662 2,103 17,765 2023 11,110 2,103 13,213 Thereafter 15,029 12,111 27,140 Total lease payments $ 118,625 $ 21,681 $ 140,306 Less: interest 8,062 4,615 Present value of lease payments $ 110,563 $ 17,066 (1) Operating lease payments include $4,211,000 related to options to extend lease terms that are reasonably certain of being exercised. Leases that the Company has signed but have not yet commenced are immaterial. Lease Term and Discount Rate June 30, 2019 Weighted-average remaining lease term (years) Operating leases 4.27 Finance leases 9.98 Weighted-average discount rate Operating leases 3.36 % Finance leases 5.11 %
Summary of Finance Lease Maturities	Maturity of Lease Liabilities Operating Leases (1) Finance Leases Total 2019 (remainder) $ 20,019 $ 1,074 $ 21,093 2020 33,216 2,151 35,367 2021 23,589 2,139 25,728 2022 15,662 2,103 17,765 2023 11,110 2,103 13,213 Thereafter 15,029 12,111 27,140 Total lease payments $ 118,625 $ 21,681 $ 140,306 Less: interest 8,062 4,615 Present value of lease payments $ 110,563 $ 17,066 (1) Operating lease payments include $4,211,000 related to options to extend lease terms that are reasonably certain of being exercised.

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of open foreign currency contracts	At June 30, 2019 and December 31, 2018, the Company had the following open foreign currency contracts (in thousands): June 30, 2019 December 31, 2018 Foreign Currency Notional Amounts (in U.S. Dollars) Net Unrealized Gain (Loss) Notional Amounts (in U.S. Dollars) Net Unrealized Gain (Loss) Australian Dollar $ 20,217 $ 156 $ — $ — Canadian Dollar 151,769 (596 ) 55,133 2,564 Mexican Peso 17,590 1,042 19,222 564 Total $ 189,576 $ 602 $ 74,355 $ 3,128
Schedule of open interest rate swap contracts	At June 30, 2019 and December 31, 2018, the Company had the following open interest rate swap contracts (in thousands): June 30, 2019 December 31, 2018 Effective Date Termination Date Notional Amounts Net Unrealized Gain (Loss) Notional Amounts Net Unrealized Gain (Loss) May 2, 2018 May 4, 2021 $ 25,000 $ (45 ) $ 25,000 $ 397 September 28, 2018 September 30, 2019 250,000 (259 ) 250,000 (163 ) September 30, 2019 September 30, 2023 150,000 (7,947 ) 150,000 (2,899 ) May 3, 2019 May 3, 2020 100,000 (397 ) — — Total $ 525,000 $ (8,648 ) $ 425,000 $ (2,665 )
Schedule of carrying values of derivative instruments	The table below summarizes the carrying values of derivative instruments as of June 30, 2019 and December 31, 2018 (in thousands): Carrying Values of Derivative Instruments as of June 30, 2019 Fair Value— Assets Fair Value— (Liabilities) Derivative Net Carrying Value Derivatives designated as hedging instruments Foreign exchange contracts $ 602 $ — $ 602 Interest rate contracts — (8,648 ) (8,648 ) Total derivatives designated as hedging instruments $ 602 $ (8,648 ) $ (8,046 ) Carrying Values of Derivative Instruments as of December 31, 2018 Fair Value— Assets Fair Value— (Liabilities) Derivative Net Carrying Value Derivatives designated as hedging instruments Foreign exchange contracts $ 3,128 $ — $ 3,128 Interest rate contracts — (2,665 ) (2,665 ) Total derivatives designated as hedging instruments $ 3,128 $ (2,665 ) $ 463

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Accordingly, the segment information presented below is limited to sales and gross profit data (in thousands): Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Sales ORV/Snowmobiles $ 1,049,321 $ 990,841 $ 1,916,768 $ 1,823,405 Motorcycles 196,773 171,412 314,715 302,969 Global Adjacent Markets 121,924 113,418 226,880 226,745 Aftermarket 228,872 226,861 449,407 446,886 Boats 182,425 — 367,235 — Total sales $ 1,779,315 $ 1,502,532 $ 3,275,005 $ 2,800,005 Gross profit ORV/Snowmobiles $ 312,689 $ 297,221 $ 564,924 $ 540,782 Motorcycles 26,802 24,672 33,764 41,240 Global Adjacent Markets 33,884 28,107 63,713 59,365 Aftermarket 55,214 57,747 111,689 116,199 Boats 40,477 — 76,641 — Corporate (32,618 ) (22,571 ) (61,835 ) (48,929 ) Total gross profit $ 436,448 $ 385,176 $ 788,896 $ 708,657

Significant Accounting Polici_4

Significant Accounting Policies Fair Value Measurements (Details) - USD ($) $ in Thousands		Jun. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign exchange contracts, net			$ 48,545
Debt and Capital Lease Obligations		$ 1,898,068	1,962,570
Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		1,972,473	2,013,684
Reported Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt and Capital Lease Obligations		1,898,068	1,962,570
Fair value, measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign exchange contracts, net			51,673
Total assets at fair value		49,150
Non-qualified deferred compensation liabilities			(48,545)
Financial and Nonfinancial Liabilities, Fair Value Disclosure		(57,196)	(51,210)
Fair value, measurements, recurring | Supplemental Employee Retirement Plans, Defined Benefit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-qualified deferred compensation assets		48,548	48,545
Non-qualified deferred compensation liabilities		(48,548)
Fair value, measurements, recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value		48,548
Financial and Nonfinancial Liabilities, Fair Value Disclosure		(48,548)	(48,545)
Fair value, measurements, recurring | Level 1 | Supplemental Employee Retirement Plans, Defined Benefit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-qualified deferred compensation assets		48,548	48,545
Non-qualified deferred compensation liabilities		(48,548)	(48,545)
Fair value, measurements, recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value		602	3,128
Financial and Nonfinancial Liabilities, Fair Value Disclosure		(8,648)	(2,665)
Foreign Exchange Contract | Fair value, measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset		602	3,128
Foreign Exchange Contract | Fair value, measurements, recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset			3,128
Interest rate swap | Fair value, measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign exchange contracts, net		(8,648)	(2,665)
Designated as Hedging Instrument | Prepaid Expenses and Other Current Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value— Assets		602	3,128
Designated as Hedging Instrument | Prepaid Expenses and Other Current Assets | Foreign Exchange Contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	[1]	(602)
Fair Value— Assets	[1]		3,128
Designated as Hedging Instrument | Prepaid Expenses and Other Current Assets | Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value— Assets	[1]	$ (8,648)	$ (2,665)
[1]

Significant Accounting Polici_5

Significant Accounting Policies Major Components of Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Raw materials and purchased components	$ 281,934	$ 233,258
Service parts, garments and accessories	341,076	342,593
Finished goods	562,252	442,003
Less: reserves	(54,998)	(48,343)
Inventories	$ 1,130,264	$ 969,511

Significant Accounting Polici_6

Significant Accounting Policies Activity in Polaris Accrued Warranty Reserve (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Accounting Policies [Abstract]
Deferred tax liabilities	$ 5,357		$ 5,357		$ 6,490
Activity in Product Warranty Reserve [Roll Forward]
Balance at beginning of period	116,217	$ 116,286	121,824	$ 123,840
Additions to reserve related to acquisitions	8,809	0	8,809	0
Additions charged to expense	36,854	26,141	62,873	42,172
Warranty claims paid, net	(29,122)	(36,272)	(60,748)	(59,857)
Balance at end of period	$ 132,758	$ 106,155	$ 132,758	$ 106,155

Significant Accounting Polici_7

Significant Accounting Policies Additional Information (Details) - USD ($)	Jan. 01, 2019	Jun. 30, 2019	Jun. 30, 2018
New Accounting Pronouncements and Changes in Accounting Principles
Net cash provided by (used for) operating activities		$ (202,852,000)	$ (165,149,000)
Accounting Standards Update 2016-02 [Member] | Minimum
Product Warranty Liability [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	$ 115,681,000
Transamerican Auto Parts | Vehicles And Boats | Minimum
Product Warranty Liability [Line Items]
Period of warranties provided by Polaris		6 months
Transamerican Auto Parts | Vehicles And Boats | Maximum
Product Warranty Liability [Line Items]
Period of warranties provided by Polaris		10 years

Significant Accounting Polici_8

Significant Accounting Policies Deferred Revenue (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Deferred Revenue Arrangement [Line Items]
Deferred Revenue	$ 67,681,000	$ 52,620,000	$ 67,681,000	$ 52,620,000	$ 63,500,000	$ 59,915,000	$ 49,345,000	$ 45,760,000
New contracts sold	11,496,000	8,848,000	21,385,000	17,172,000
Less: reductions for revenue recognized	(7,315,000)	(5,573,000)	(13,619,000)	(10,312,000)
Deferred Revenue, Current	28,795,000	22,265,000	28,795,000	22,265,000
Deferred Revenue, Noncurrent	$ 38,886,000	$ 30,355,000	$ 38,886,000	$ 30,355,000

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details) - USD ($)	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Deferred Revenue Arrangement [Line Items]
Deferred Revenue	$ 67,681,000	$ 63,500,000	$ 59,915,000	$ 52,620,000	$ 49,345,000	$ 45,760,000
Deferred Revenue, Current	28,795,000			22,265,000
Deferred Revenue, Noncurrent	$ 38,886,000			$ 30,355,000

Revenue Recognition (Contract R

Revenue Recognition (Contract Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Revenue	$ 1,779,315	$ 1,502,532	$ 3,275,005	$ 2,800,005
ORV/Snowmobiles
Disaggregation of Revenue [Line Items]
Revenue	1,049,321	990,841	1,916,768	1,823,405
Motorcycles
Disaggregation of Revenue [Line Items]
Revenue	196,773	171,412	314,715	302,969
Global Adjacent Markets
Disaggregation of Revenue [Line Items]
Revenue	121,924	113,418	226,880	226,745
Aftermarket
Disaggregation of Revenue [Line Items]
Revenue	228,872	226,861	449,407	446,886
Boats
Disaggregation of Revenue [Line Items]
Revenue	182,425	0	367,235	0
Wholegoods
Disaggregation of Revenue [Line Items]
Revenue	1,314,759	1,061,071	2,387,449	1,950,694
Wholegoods | ORV/Snowmobiles
Disaggregation of Revenue [Line Items]
Revenue	864,261	820,850	1,565,123	1,504,353
Wholegoods | Motorcycles
Disaggregation of Revenue [Line Items]
Revenue	169,421	146,671	271,770	260,779
Wholegoods | Global Adjacent Markets
Disaggregation of Revenue [Line Items]
Revenue	98,652	93,550	183,321	185,562
Wholegoods | Aftermarket
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Wholegoods | Boats
Disaggregation of Revenue [Line Items]
Revenue	182,425	0	367,235	0
PG&A
Disaggregation of Revenue [Line Items]
Revenue	464,556	441,461	887,556	849,311
PG&A | ORV/Snowmobiles
Disaggregation of Revenue [Line Items]
Revenue	185,060	169,991	351,645	319,052
PG&A | Motorcycles
Disaggregation of Revenue [Line Items]
Revenue	27,352	24,741	42,945	42,190
PG&A | Global Adjacent Markets
Disaggregation of Revenue [Line Items]
Revenue	23,272	19,868	43,559	41,183
PG&A | Aftermarket
Disaggregation of Revenue [Line Items]
Revenue	228,872	226,861	449,407	446,886
PG&A | Boats
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue	1,446,560	1,197,191	2,667,486	2,204,731
UNITED STATES | ORV/Snowmobiles
Disaggregation of Revenue [Line Items]
Revenue	871,854	818,318	1,580,724	1,480,913
UNITED STATES | Motorcycles
Disaggregation of Revenue [Line Items]
Revenue	120,183	113,561	188,080	197,458
UNITED STATES | Global Adjacent Markets
Disaggregation of Revenue [Line Items]
Revenue	58,146	49,740	109,829	99,794
UNITED STATES | Aftermarket
Disaggregation of Revenue [Line Items]
Revenue	219,174	215,572	430,790	426,566
UNITED STATES | Boats
Disaggregation of Revenue [Line Items]
Revenue	177,203	0	358,063	0
CANADA
Disaggregation of Revenue [Line Items]
Revenue	101,707	100,850	173,281	179,945
CANADA | ORV/Snowmobiles
Disaggregation of Revenue [Line Items]
Revenue	74,223	68,576	125,854	126,331
CANADA | Motorcycles
Disaggregation of Revenue [Line Items]
Revenue	10,414	10,769	16,435	17,709
CANADA | Global Adjacent Markets
Disaggregation of Revenue [Line Items]
Revenue	2,150	10,216	3,203	15,585
CANADA | Aftermarket
Disaggregation of Revenue [Line Items]
Revenue	9,698	11,289	18,617	20,320
CANADA | Boats
Disaggregation of Revenue [Line Items]
Revenue	5,222	0	9,172	0
EMEA
Disaggregation of Revenue [Line Items]
Revenue	175,331	148,468	336,176	310,988
EMEA | ORV/Snowmobiles
Disaggregation of Revenue [Line Items]
Revenue	65,757	64,632	144,483	143,561
EMEA | Motorcycles
Disaggregation of Revenue [Line Items]
Revenue	48,707	31,667	79,423	58,338
EMEA | Global Adjacent Markets
Disaggregation of Revenue [Line Items]
Revenue	60,867	52,169	112,270	109,089
EMEA | Aftermarket
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
EMEA | Boats
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
APLA
Disaggregation of Revenue [Line Items]
Revenue	55,717	56,023	98,062	104,341
APLA | ORV/Snowmobiles
Disaggregation of Revenue [Line Items]
Revenue	37,487	39,315	65,707	72,600
APLA | Motorcycles
Disaggregation of Revenue [Line Items]
Revenue	17,469	15,415	30,777	29,464
APLA | Global Adjacent Markets
Disaggregation of Revenue [Line Items]
Revenue	761	1,293	1,578	2,277
APLA | Aftermarket
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
APLA | Boats
Disaggregation of Revenue [Line Items]
Revenue	$ 0	$ 0	$ 0	$ 0

Revenue Recognition (Deferred R

Revenue Recognition (Deferred Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue Recognition [Abstract]
Balance at beginning of period	$ 63,500	$ 49,345	$ 59,915	$ 45,760
New contracts sold	11,496	8,848	21,385	17,172
Less: reductions for revenue recognized	(7,315)	(5,573)	(13,619)	(10,312)
Balance at end of period	$ 67,681	$ 52,620	$ 67,681	$ 52,620

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($)	Jul. 02, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Business Acquisition [Line Items]
Sales		$ 1,779,315,000	$ 1,502,532,000	$ 3,275,005,000	$ 2,800,005,000
Gross profit		$ 436,448,000	$ 385,176,000	$ 788,896,000	$ 708,657,000
Senior Unsecured Notes 4.23% Due July 2028 | Senior Notes
Business Acquisition [Line Items]
Stated interest rate	4.23%	4.23%		4.23%
Boat Holdings, LLC
Business Acquisition [Line Items]
Percentage of equity interests acquired	100.00%
Aggregate consideration transferred	$ 806,658,000
Consideration, aggregate deferred annual payment	$ 100,000,000
Deferred annual payment term	12 years
Sales		$ 182,425,000		$ 367,235,000
Gross profit		40,477,000		76,641,000
Weighted average useful life	19 years
Transaction related costs		$ 1,421,000		$ 2,474,000
Boat Holdings, LLC | Customer relationships | Minimum
Business Acquisition [Line Items]
Weighted average useful life	15 years
Boat Holdings, LLC | Customer relationships | Maximum
Business Acquisition [Line Items]
Weighted average useful life	20 years

Acquisitions - Summary of Asset

Acquisitions - Summary of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jul. 02, 2018	Jun. 30, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Goodwill		$ 657,656	$ 647,077
Boat Holdings, LLC
Business Acquisition [Line Items]
Cash and cash equivalents	$ 16,534
Trade receivables	17,528
Inventory	39,948
Other current assets	4,451
Property, plant and equipment	35,299
Goodwill	222,372
Accounts payable	(30,064)
Other liabilities assumed	(37,266)
Total fair value of net assets acquired	823,192
Less cash acquired	(16,534)
Total consideration for acquisition, less cash acquired	806,658
Boat Holdings, LLC | Trademarks / trade names
Business Acquisition [Line Items]
Indefinite-lived intangibles	210,680
Boat Holdings, LLC | Customer relationships
Business Acquisition [Line Items]
Finite-lived intangibles	341,080
Boat Holdings, LLC | Non-compete agreements
Business Acquisition [Line Items]
Finite-lived intangibles	$ 2,630

Acquisitions - Unaudited Profor

Acquisitions - Unaudited Proforma Information (Details) - Boat Holdings, LLC - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Business Acquisition [Line Items]
Net sales	$ 1,779,315	$ 1,689,050	$ 3,275,005	$ 3,151,165
Net income	$ 89,346	$ 104,446	$ 138,526	$ 166,336
Basic earnings per share (in dollars per share)	$ 1.45	$ 1.65	$ 2.26	$ 2.63
Diluted earnings per common share (in dollars per share)	$ 1.44	$ 1.61	$ 2.23	$ 2.56

Share-Based Compensation Expens

Share-Based Compensation Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Option awards	$ 6,801	$ 6,758	$ 8,113	$ 9,815
Other share-based awards	14,839	13,847	24,457	19,736
Total share-based compensation before tax	21,640	20,605	32,570	29,551
Tax benefit	5,151	4,904	7,752	7,033
Total share-based compensation expense included in net income	$ 16,489	$ 15,701	$ 24,818	$ 22,518

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Unrecognized compensation cost related to unvested share-based equity awards	$ 131,363
Weighted average period of recognition of unvested share-based equity awards	1 year 8 months 1 day
Unrecognized compensation cost related to unvested share-based equity awards, stock options	$ 36,651
Unrecognized compensation cost related to unvested share-based equity awards, restricted stock	$ 94,712

Financing Arrangements, Interes

Financing Arrangements, Interest Rates and Maturities (Details) - USD ($)	1 Months Ended
	Jul. 31, 2018	Dec. 31, 2013	Dec. 31, 2010	Jun. 30, 2019	Dec. 31, 2018	Jul. 02, 2018
Debt Instrument [Line Items]
Effective interest rate				5.11%
Finance lease obligations				$ 17,066,000	$ 17,587,000
Debt issuance costs				(4,696,000)	(5,256,000)
Total debt, finance lease obligations, and notes payable				1,898,068,000	1,962,570,000
Less: current maturities				66,505,000	66,543,000
Total long-term debt, finance lease obligations, and notes payable				$ 1,831,563,000	1,896,027,000
Revolving Credit Facility
Debt Instrument [Line Items]
Debt, Weighted Average Interest Rate				2.97%
Senior Notes | Senior Unsecured Notes 3.81% Due May 2018
Debt Instrument [Line Items]
Proceeds from Issuance of Debt			$ 25,000,000
Senior Notes | Senior Unsecured Notes 4.60% Due May 2021
Debt Instrument [Line Items]
Stated interest rate				4.60%
Proceeds from Issuance of Debt			$ 75,000,000
Long-term debt				$ 75,000,000	75,000,000
Senior Notes | Senior Unsecured Notes 3.13% Due December 2020
Debt Instrument [Line Items]
Stated interest rate				3.13%
Proceeds from Issuance of Debt		$ 100,000,000
Long-term debt				$ 100,000,000	100,000,000
Senior Notes | Senior Unsecured Notes 4.23% Due July 2028
Debt Instrument [Line Items]
Stated interest rate				4.23%		4.23%
Proceeds from Issuance of Debt	$ 350,000,000
Long-term debt					350,000,000
Notes payable and other
Debt Instrument [Line Items]
Stated interest rate				4.24%
Long-term debt				$ 86,399,000	87,608,000
Revolving Credit Facility
Debt Instrument [Line Items]
Revolving loan facility				$ 154,299,000	187,631,000
Term loan
Debt Instrument [Line Items]
Average interest rate at June 30, 2019				3.90%
Revolving loan facility				$ 1,120,000,000	$ 1,150,000,000

Financing Agreement - Additiona

Financing Agreement - Additional Information (Detail) - USD ($)	1 Months Ended
	Jul. 31, 2018	Dec. 31, 2013	Dec. 31, 2010	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2015
Senior Notes | Senior Unsecured Notes 3.81% Due May 2018
Debt Instrument [Line Items]
Proceeds from Issuance of Debt			$ 25,000,000
Senior Notes | Senior Unsecured Notes 4.60% Due May 2021
Debt Instrument [Line Items]
Proceeds from Issuance of Debt			$ 75,000,000
Long-term debt				$ 75,000,000	$ 75,000,000
Senior Notes | Senior Unsecured Notes 3.13% Due December 2020
Debt Instrument [Line Items]
Proceeds from Issuance of Debt		$ 100,000,000
Long-term debt				100,000,000	100,000,000
Senior Notes | Senior Unsecured Notes 4.23% Due July 2028
Debt Instrument [Line Items]
Proceeds from Issuance of Debt	$ 350,000,000
Long-term debt					350,000,000
Notes payable, other | Boat Holdings, LLC
Debt Instrument [Line Items]
Long-term debt				76,733,000
Notes payable to banks
Debt Instrument [Line Items]
Long-term debt				86,399,000	87,608,000
Notes payable to banks | Mortgages [Member]
Debt Instrument [Line Items]
Long-term debt				9,666,000		$ 14,500,000
Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	700,000,000
Revolving loan facility				154,299,000	187,631,000
Term loan
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 1,180,000,000
Revolving loan facility				1,120,000,000	$ 1,150,000,000
Long-term Debt, Maturities, Repayments of Principal in Next Rolling Twelve Months				$ 59,000,000

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets Changes in Carrying Amount of Goodwill (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Goodwill [Roll Forward]
Goodwill, beginning of period	$ 647,077
Goodwill adjustments related to businesses acquired	10,682
Currency translation effect on foreign goodwill balances	(103)
Goodwill, end of period	657,656
Intangible Assets, Net (Excluding Goodwill)	851,066	$ 870,517
Intangible Assets, Net (Including Goodwill)	$ 1,508,722	$ 1,517,594

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets Components of Other Intangible Assets (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Amortizable:
Gross amortized other intangible assets	$ 522,721	$ 522,354
Accumulated Amortization	(113,876)	(94,136)
Net amortized other intangible assets	408,845	428,218
Total other intangible assets, net	$ 851,066	870,517
Non-compete agreements
Amortizable:
Total estimated life	4 years
Gross amortized other intangible assets	$ 2,630	2,630
Dealer/customer related
Amortizable:
Gross amortized other intangible assets	$ 506,780	506,401
Dealer/customer related | Minimum
Amortizable:
Total estimated life	5 years
Dealer/customer related | Maximum
Amortizable:
Total estimated life	20 years
Developed technology
Amortizable:
Gross amortized other intangible assets	$ 13,311	13,323
Developed technology | Minimum
Amortizable:
Total estimated life	5 years
Developed technology | Maximum
Amortizable:
Total estimated life	7 years
Brand/trade names
Non-amortizable—indefinite lived:
Non-amortizable, Net	$ 442,221	$ 442,299

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 657,656		$ 647,077
Total other intangible assets, net	851,066		$ 870,517
Amortization expense of intangible assets	10,250	$ 6,058
Estimated Future Amortization Expense by Fiscal Year [Abstract]
Remainder of 2016	20,563
2017	35,991
2018	33,204
2019	28,233
2020	25,703
2021	25,157
After 2021	$ 239,994

Shareholders' Equity Cash Divid

Shareholders' Equity Cash Dividends Declared Per Common Share (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Equity [Abstract]
Cash dividends declared and paid per common share (in dollars per share)	$ 0.61	$ 0.60	$ 1.22	$ 1.20

Shareholders' Equity Reconcilia

Shareholders' Equity Reconciliation of Weighted Average Number of Shares (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Equity [Abstract]
Weighted average number of common shares outstanding	61,089	62,913	61,025	62,982
Director Plan and deferred stock units	209	177	201	171
ESOP	121	82	126	85
Common shares outstanding—basic	61,419	63,172	61,352	63,238
Dilutive effect of Omnibus Plan	745	1,714	744	1,814
Common and potential common shares outstanding—diluted	62,164	64,886	62,096	65,052

Shareholders' Equity Changes in

Shareholders' Equity Changes in Accumulated Other Comprehensive Income (Loss) Balances (Detail) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance as of December 31, 2018		$ (62,973)			$ (62,973)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax					(2,189)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for New Accounting Standards, Net of Tax					668
Stockholders' Equity, Other		0		$ 1,077
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	$ 2,858		$ (24,881)		(804)	$ (13,903)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax					(4,990)
Balance as of June 30, 2019	(70,820)				(70,820)
Foreign Currency Items
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance as of December 31, 2018		(60,504)			(60,504)
Balance as of June 30, 2019	(61,308)				(61,308)
Cash Flow Hedging | Foreign Exchange Contract
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance as of December 31, 2018		423			423
Reclassification to the statement of income					(2,313)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax					(4,186)
Balance as of June 30, 2019	(6,076)				(6,076)
Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance as of December 31, 2018		(2,892)			(2,892)
Reclassification to the statement of income					124
Balance as of June 30, 2019	$ (3,436)				(3,436)
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for New Accounting Standards, Net of Tax					$ 668
Stockholders' Equity, Other		$ 668

Shareholders' Equity Gains and

Shareholders' Equity Gains and Losses, Net of Tax Reclassified from Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI Into Income	$ 1,022	$ 2,446	$ 2,188	$ 2,486
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax			2,189
Foreign Exchange Contract | Other expense, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI Into Income	929	1,937	2,133	2,094
Foreign Exchange Contract | Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI Into Income	231	554	286	522
Interest Rate Contract [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI Into Income	74	0	105	0
Defined Benefit Plan, Derivative [Member] | Operating Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI Into Income			$ 126	$ 130
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	$ 64	$ 45

Shareholders' Equity Additional

Shareholders' Equity Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Equity [Abstract]
Repurchase and retirement of common stock	$ 427	$ 6,110	$ 177,380	$ 14,987	$ 6,537
Repurchase and retirement of common stock (shares)					76,000
Stock Repurchase Program, Number of Shares Authorized to be Repurchased	3,175,000				3,175,000
Cash dividend paid during period, per share (in dollars per share)	$ 0.61		$ 0.60		$ 1.22	$ 1.20
Common stock excluded from calculation of diluted earnings per share (shares)	4,045,000		1,812,000		4,069,000	1,677,000

Financial Services Arrangemen_2

Financial Services Arrangements - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Investments in and Advances to Affiliates [Line Items]
Investment in affiliates	$ 97,303	$ 92,059
Trade receivables, net	$ 224,501	$ 197,082
Maximum
Investments in and Advances to Affiliates [Line Items]
Aggregate repurchase obligation, percentage	15.00%
Polaris Acceptance
Investments in and Advances to Affiliates [Line Items]
Equity method investment ownership percentage	50.00%
Net amount financed for dealers	$ 1,272,378
Trade receivables, net	606,157
Aggregate repurchase obligation, amount	180,557
Securitization Facility
Investments in and Advances to Affiliates [Line Items]
Outstanding balance of receivables	$ 666,221

Investment in Other Affiliates

Investment in Other Affiliates Additional Information (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Investments in and Advances to Affiliates [Line Items]
Investments in and advances to affiliates	$ 5,072,000			$ 5,072,000		$ 6,133,000
Income (loss) from equity method investments	$ (455,000)	$ (3,954,000)		$ (1,061,000)	$ (25,465,000)
Cost-method Investments, Realized Gains			$ 13,478,000
Eicher -Polaris Private Limited
Investments in and Advances to Affiliates [Line Items]
Income (loss) from equity method investments		$ 3,817,000			$ 23,447,000

Leases (Additional Information)

Leases (Additional Information) (Details)	6 Months Ended
	Jun. 30, 2019
Minimum
Lessee, Lease, Description [Line Items]
Renewal terms	1 year
Maximum
Lessee, Lease, Description [Line Items]
Renewal terms	20 years

Leases (Lease Assets and Liabil

Leases (Lease Assets and Liabilities) (Details)	6 Months Ended
	Jun. 30, 2019USD ($)
Property, Plant and Equipment [Line Items]
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 7,133,000
Document Period End Date	Jun. 30, 2019
Assets
Operating lease assets	$ 108,013,000
Finance lease assets	13,689,000
Total leased assets	121,702,000
Current
Operating lease liabilities	35,084,000
Finance lease liabilities	1,286,000
Long-term
Operating lease liabilities	75,479,000
Finance lease liabilities	15,780,000
Total lease liabilities	$ 127,629,000

Leases (Lease Cost) (Details)

Leases (Lease Cost) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Leases [Abstract]
Operating lease cost	$ 10,506	$ 20,594
Finance lease cost
Amortization of leased assets	375	744
Interest on lease liabilities	226	453
Sublease income	578	1,156
Total lease cost	$ 10,529	$ 20,635

Leases (Maturity of Lease Liabi

Leases (Maturity of Lease Liabilities) (Details)	Jun. 30, 2019USD ($)
Operating Leases
2019 (remainder)	$ 20,019,000
2020	33,216,000
2021	23,589,000
2022	15,662,000
2023	11,110,000
Thereafter	15,029,000
Total lease payments	118,625,000
Less: interest	8,062,000
Present value of lease payments	110,563,000
Finance Leases
2019 (remainder)	1,074,000
2020	2,151,000
2021	2,139,000
2022	2,103,000
2023	2,103,000
Thereafter	12,111,000
Total lease payments	21,681,000
Less: interest	4,615,000
Present value of lease payments	17,066,000
Total
2019 (remainder)	21,093,000
2020	35,367,000
2021	25,728,000
2022	17,765,000
2023	13,213,000
Thereafter	27,140,000
Total lease payments	140,306,000
Option to extend operating leases	$ 4,211,000

Leases (Lease Term and Discount

Leases (Lease Term and Discount Rate) (Details)	Jun. 30, 2019
Weighted-average remaining lease term (years)
Operating leases	4 years 3 months 7 days
Finance leases	9 years 11 months 23 days
Weighted-average discount rate
Operating leases	3.36%
Finance leases	5.11%

Leases (Other Information) (Det

Leases (Other Information) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ 20,745
Operating cash flows from finance leases	321
Financing cash flows from finance leases	749
Leased assets obtained in exchange for new operating lease liabilities	$ 8,105

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Thousands	Jun. 30, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Accrual for the probable payment of pending claims	$ 55,725

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities Open Foreign Currency Contracts (Details) - Cash Flow Hedging - Foreign Exchange Contract - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Derivative [Line Items]
Notional Amounts (in U.S. Dollars)	$ 189,576	$ 74,355
Net Unrealized Gain (Loss)	602	3,128
Australian Dollar
Derivative [Line Items]
Notional Amounts (in U.S. Dollars)	20,217	0
Net Unrealized Gain (Loss)	156	0
Canadian Dollar
Derivative [Line Items]
Notional Amounts (in U.S. Dollars)	151,769	55,133
Net Unrealized Gain (Loss)	(596)	2,564
Mexican Peso
Derivative [Line Items]
Notional Amounts (in U.S. Dollars)	17,590	19,222
Net Unrealized Gain (Loss)	$ 1,042	$ 564

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities Open Interest Rate Swap Contracts (Details) - Cash Flow Hedging - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Interest rate swap
Derivative [Line Items]
Notional Amounts	$ 525,000	$ 425,000
Net Unrealized Gain (Loss)	(8,648)	(2,665)
Interest Rate Swap, May 2018 to May 2021
Derivative [Line Items]
Notional Amounts	25,000	25,000
Net Unrealized Gain (Loss)	(45)	397
Interest Rate Swap, September 2018 to September 2019
Derivative [Line Items]
Notional Amounts	250,000	250,000
Net Unrealized Gain (Loss)	(259)	(163)
Interest Rate Swap, September 2019 to September 2023
Derivative [Line Items]
Notional Amounts	150,000	150,000
Net Unrealized Gain (Loss)	(7,947)	(2,899)
Interest Rate Swap, May 2019 To May 2020 [Member] [Member]
Derivative [Line Items]
Notional Amounts	100,000	0
Net Unrealized Gain (Loss)	$ (397)	$ 0

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities Carrying Values of Derivative Instruments (Detail) - Designated as Hedging Instrument - USD ($) $ in Thousands		Jun. 30, 2019	Dec. 31, 2018
Derivative [Line Items]
Derivative Net Carrying Value		$ (8,046)	$ 463
Foreign Exchange Contract
Derivative [Line Items]
Derivative Net Carrying Value	[1]	602	3,128
Interest rate contract
Derivative [Line Items]
Derivative Net Carrying Value	[1]	(8,648)	(2,665)
Prepaid Expenses and Other Current Assets
Derivative [Line Items]
Fair Value— Assets		602	3,128
Prepaid Expenses and Other Current Assets | Foreign Exchange Contract
Derivative [Line Items]
Fair Value— Assets	[1]		3,128
Prepaid Expenses and Other Current Assets | Interest rate contract
Derivative [Line Items]
Fair Value— Assets	[1]	(8,648)	(2,665)
Other Current Liabilities
Derivative [Line Items]
Fair Value— (Liabilities)		$ (8,648)	(2,665)
Other Current Liabilities | Foreign Exchange Contract
Derivative [Line Items]
Fair Value— (Liabilities)	[1]		$ 0
[1]

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Derivative [Line Items]
Unrealized gain (loss) on derivative instruments	$ (4,030)	$ 580	$ (6,499)	$ 5,109
Designated as Hedging Instrument | Cash Flow Hedging
Derivative [Line Items]
Unrealized gain (loss) on derivative instruments	$ (4,030)	$ 580	$ (6,499)	$ 5,109

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)segment	Jun. 30, 2018USD ($)
Segment Reporting Information [Line Items]
Revenue	$ 1,779,315	$ 1,502,532	$ 3,275,005	$ 2,800,005
Number of Operating Segments | segment			6
Gross profit	436,448	385,176	$ 788,896	708,657
Number of Reportable Segments | segment			5
ORV/Snowmobiles
Segment Reporting Information [Line Items]
Revenue	1,049,321	990,841	$ 1,916,768	1,823,405
Motorcycles
Segment Reporting Information [Line Items]
Revenue	196,773	171,412	314,715	302,969
Global Adjacent Markets
Segment Reporting Information [Line Items]
Revenue	121,924	113,418	226,880	226,745
Aftermarket
Segment Reporting Information [Line Items]
Revenue	228,872	226,861	449,407	446,886
Boats
Segment Reporting Information [Line Items]
Revenue	182,425	0	367,235	0
Operating segments | ORV/Snowmobiles
Segment Reporting Information [Line Items]
Revenue	1,049,321	990,841	1,916,768	1,823,405
Gross profit	312,689	297,221	564,924	540,782
Operating segments | Motorcycles
Segment Reporting Information [Line Items]
Revenue	196,773	171,412	314,715	302,969
Gross profit	26,802	24,672	33,764	41,240
Operating segments | Global Adjacent Markets
Segment Reporting Information [Line Items]
Revenue	121,924	113,418	226,880	226,745
Gross profit	33,884	28,107	63,713	59,365
Operating segments | Aftermarket
Segment Reporting Information [Line Items]
Revenue	228,872	226,861	449,407	446,886
Gross profit	55,214	57,747	111,689	116,199
Operating segments | Boats
Segment Reporting Information [Line Items]
Revenue	182,425	0	367,235	0
Gross profit	40,477	0	76,641	0
Corporate
Segment Reporting Information [Line Items]
Gross profit	$ (32,618)	$ (22,571)	$ (61,835)	$ (48,929)

Uncategorized Items - pii-06302

Label	Element	Value
Restricted Cash and Cash Equivalents	us-gaap_RestrictedCashAndCashEquivalents	$ 28,211,000
Restricted Cash and Cash Equivalents	us-gaap_RestrictedCashAndCashEquivalents	$ 31,438,000