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Derivative Instruments and Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2013
Text Block [Abstract]  
Schedule of open foreign currency contracts
At March 31, 2013, Polaris had the following open foreign currency contracts (in thousands):
Foreign Currency
 
Notional Amounts
(in US Dollars)
 
Net Unrealized Gain (Loss)
Australian Dollar
 
$
8,542

 
$
(146
)
Canadian Dollar
 
79,362

 
1,041

Euro
 
1,228

 
(51
)
Japanese Yen
 
38,426

 
(2,477
)
Mexican Peso
 
6,444

 
807

Swedish Krona
 
10,182

 
(15
)
Total
 
$
144,184

 
$
(841
)
Schedule of carrying values of derivative instruments
The table below summarizes the carrying values of derivative instruments as of March 31, 2013 and December 31, 2012 (in thousands):
 
Carrying Values of Derivative Instruments as of
March 31, 2013
 
Fair Value—
Assets
 
Fair Value—
(Liabilities)
 
Derivative Net
Carrying Value
Derivatives designated as hedging instruments
 
 
 
 
 
Foreign exchange contracts(1)
$
1,989

 
$
(2,830
)
 
$
(841
)
Total derivatives designated as hedging instruments
$
1,989

 
$
(2,830
)
 
$
(841
)
Commodity contracts(1)
$
114

 
$
(1,069
)
 
$
(955
)
Total derivatives not designated as hedging instruments
$
114

 
$
(1,069
)
 
$
(955
)
Total derivatives
$
2,103

 
$
(3,899
)
 
$
(1,796
)
 
Carrying Values of Derivative Instruments as of
December 31, 2012
 
Fair Value—
Assets
 
Fair Value—
(Liabilities)
 
Derivative Net
Carrying Value
Derivatives designated as hedging instruments
 
 
 
 
 
Foreign exchange contracts(1)
$
1,122

 
$
(3,739
)
 
$
(2,617
)
Total derivatives designated as hedging instruments
$
1,122

 
$
(3,739
)
 
$
(2,617
)
Commodity contracts(1)
$
114

 
$
(238
)
 
$
(124
)
Total derivatives not designated as hedging instruments
$
114


$
(238
)
 
$
(124
)
Total derivatives
$
1,236

 
$
(3,977
)
 
$
(2,741
)
(1)
Assets are included in prepaid expenses and other and liabilities are included in other accrued expenses on the accompanying consolidated balance sheets.
Schedule of gains and losses, net of tax, related to derivative instruments designated as cash flow hedges included in accumulated other comprehensive income, net
The table below provides data about the amount of gains and losses, net of tax, related to derivative instruments designated as cash flow hedges included in accumulated other comprehensive income for the three months ended March 31, 2013 and 2012 (in thousands): 
Derivatives in Cash
Flow Hedging Relationships
Three months ended March 31,
2013
 
2012
Interest rate contracts
$
(6
)
 
$
(6
)
Foreign currency contracts
1,113

 
(3,415
)
Total
$
1,107

 
$
(3,421
)