Consolidated Balance Sheets
in thousands, except per share data
|
POLARIS INDUSTRIES INC.
|
|
| December 31,
|
|
|
1997
|
1996
|
|
| LIABILITIES AND SHAREHOLDERS’ EQUITY
|
| Current Liabilities
|
| Accounts payable
|
$ 61,027
|
$ 50,514
|
| Accrued expenses:
|
|
|
| Compensation
|
40,240
|
38,685
|
| Warranties
|
35,594
|
32,919
|
| Other
|
38,033
|
30,712
|
| Income taxes payable
|
16,217
|
8,557
|
|
| Total current liabilities
|
191,111
|
161,387
|
|
| Borrowings under credit agreement
|
24,400
|
35,000
|
|
| Commitments and Contingencies (Notes 1, 2, 4, 6 and 7)
|
| Shareholder's Equity
|
| Preferred stock $0.01 par value, 20,000 shares authorized, no shares issued and outstanding
|
–
|
–
|
| Common stock $0.01 par value, 80,000 shares authorized, 26,014 and 27,011 shares issued and outstanding
|
260
|
270
|
| Additional paid-in capital
|
72,955
|
102,946
|
| Deferred compensation
|
(3,133)
|
(978)
|
| Compensation payable in common stock
|
7,346
|
9,710
|
| Retained earnings
|
91,807
|
43,382
|
|
| Total shareholders’ equity
|
169,235
|
155,330
|
|
|
|
$384,746
|
$351,717
|
|
| *The accompanying notes are an integral part of these consolidated balance sheets.
|