Polaris 2010 Annual Report Download - page 80

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Division, therefore, in the years ended December 31, 2008, 2009 and 2010, there were no additional material
charges incurred related to this discontinued operations event and the Company does not expect any additional
material charges in the future.
Components of the accrued disposal costs are as follows (in thousands):
Balance
Prior To
Charge
Initial
Charge
Charges
Through
December 31,
2009
Utilization from
Closedown
Date Through
December 31,
2009
Balance
December 31,
2009
Utilization
During 2010
Balance
December 31,
2010
Incentive costs to sell remaining
inventory including product
warranty . . ............. $3,960 $11,608 $ 550 $(16,118) — — —
Costs related to canceling supplier
arrangements............. — 14,159 — (14,159) — — —
Legal, regulatory, personnel and
other costs . ............. 4,327 2,938 7,523 (12,938) $1,850 $(300) $1,550
Disposition of tooling, inventory
and other fixed assets (non-
cash) .................. — 6,895 — (6,895) — — —
Total . .................. $8,287 $35,600 $8,073 $(50,110) $1,850 $(300) $1,550
The financial results of the marine products division included in discontinued operations are as follows (in
thousands):
Discontinued Operations
2010 2009
As of December 31,
Accrued expenses ................................................ $1,550 $1,850
Current liabilities ................................................ $1,550 $1,850
Note 12: Segment Reporting
Polaris has reviewed ASC Topic 280 and determined that the Company meets the aggregation criteria outlined
since the Company’s segments have similar (1) economic characteristics, (2) product and services, (3) production
processes, (4) customers, (5) distribution channels, and (6) regulatory environments. Therefore, the Company
reports as a single reportable business segment.
The following data relates to Polaris’ foreign operations:
(In thousands) 2010 2009 2008
For the Years Ended December 31,
Canadian subsidiary:
Sales .......................................... $279,309 $239,240 $273,006
Identifiable assets ................................. 42,936 35,462 16,853
Other foreign countries:
Sales .......................................... $305,864 $252,419 $304,233
Identifiable assets ................................. 145,528 97,771 93,206
65
POLARIS INDUSTRIES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)