Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of open foreign currency contracts

At September 30, 2017, Polaris had the following open foreign currency contracts (in thousands):

Foreign Currency	Notional Amounts (in U.S. Dollars)		Net Unrealized Gain (Loss)
Australian Dollar	$	27,947	$	(308	)
Canadian Dollar	136,019		(1,697		)
Japanese Yen	907		(18		)
Mexican Peso	4,401		338
Total	$	169,274	$	(1,685	)

Schedule of carrying values of derivative instruments

The table below summarizes the carrying values of derivative instruments as of September 30, 2017 and December 31, 2016 (in thousands):

	Carrying Values of Derivative Instruments as of September 30, 2017
	Fair Value— Assets		Fair Value— (Liabilities)			Derivative Net Carrying Value
Derivatives designated as hedging instruments
Foreign exchange contracts(1)	$	802	$	(2,487	)	$	(1,685	)
Total derivatives designated as hedging instruments	$	802	$	(2,487	)	$	(1,685	)
Total derivatives	$	802	$	(2,487	)	$	(1,685	)

	Carrying Values of Derivative Instruments as of December 31, 2016
	Fair Value— Assets		Fair Value— (Liabilities)			Derivative Net Carrying Value
Derivatives designated as hedging instruments
Foreign exchange contracts(1)	$	2,128	$	(1,830	)	$	298
Total derivatives designated as hedging instruments	$	2,128	$	(1,830	)	$	298
Total derivatives	$	2,128	$	(1,830	)	$	298

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