Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2025

The following tables disaggregate the Company's revenue by major product type and geography (in millions):


	Three months ended March 31, 2025
	Off Road		On Road		Marine		Total
Revenue by product type
Wholegoods	$	837.3	$	172.8	$	115.3	$	1,125.4
PG&A	361.3		49.0		0.1		410.4
Total revenue	$	1,198.6	$	221.8	$	115.4	$	1,535.8

Revenue by geography
United States	$	962.6	$	117.3	$	112.8	$	1,192.7
Canada	88.1		7.5		2.0		97.6
EMEA	93.8		86.1		—		179.9
APLA	54.1		10.9		0.6		65.6
Total revenue	$	1,198.6	$	221.8	$	115.4	$	1,535.8

	Three months ended March 31, 2024
	Off Road		On Road		Marine		Total
Revenue by product type
Wholegoods	$	976.3	$	225.5	$	123.5	$	1,325.3
PG&A	359.4		51.7		—		411.1
Total revenue	$	1,335.7	$	277.2	$	123.5	$	1,736.4

Revenue by geography
United States	$	1,091.3	$	131.8	$	119.7	$	1,342.8
Canada	86.0		12.8		2.6		101.4
EMEA	94.4		122.6		0.2		217.2
APLA	64.0		10.0		1.0		75.0
Total revenue	$	1,335.7	$	277.2	$	123.5	$	1,736.4

Deferred Revenue, by Arrangement, Disclosure

The activity in the deferred revenue reserve for ESCs during the periods presented was as follows (in millions):


	Three months ended March 31,
	2025		2024
Balance at beginning of period	$	111.3	$	110.3
New contracts sold	12.2		14.2
Revenue recognized on existing contracts	(13.4)		(12.2)
Balance at end of period	$	110.1	$	112.3

The Company expects to recognize approximately $35.2 million of the unearned amount over the 12 months following March 31, 2025, compared to $35.9 million as of March 31, 2024. These amounts were recorded in accrued expenses in the consolidated balance sheets. The amount recorded in other long-term liabilities totaled $74.9 million and $76.4 million as of March 31, 2025 and 2024, respectively.