Polaris 2015 Annual Report Download - page 98

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As of December 31,
2015 2014
United States .................................. $548,410 $432,614
Mexico ....................................... 39,542 49,064
Other foreign countries ........................... 62,726 73,750
Consolidated property and equipment, net ............. $650,678 $555,428
Note 13. Subsequent Event
On January 28, 2016, the Board of Directors approved an increase in the Company’s common stock
repurchase authorization by 7.5 million shares. The additional share repurchase authorization, together with
the 2.9 million shares remaining available for repurchase under the prior authorization, represents
approximately 16 percent of the shares of Polaris common stock currently outstanding, as of January 28, 2016.
The Company has evaluated events subsequent to the balance sheet date through the date the consolidated
financial statements have been filed. There were no other subsequent events which required recognition or
disclosure in the consolidated financial statements.
Note 14. Quarterly Financial Data (unaudited)
Diluted net
Sales Gross profit Net income income per share
(In thousands, except per share data)
2015
First Quarter ............................... $1,033,345 $ 293,731 $ 88,563 $1.30
Second Quarter .............................. 1,124,327 319,414 100,943 1.49
Third Quarter ............................... 1,456,000 415,623 155,173 2.30
Fourth Quarter .............................. 1,105,618 310,274 110,682 1.66
Totals ..................................... $4,719,290 $1,339,042 $455,361 $6.75
2014
First Quarter ............................... $ 888,346 $ 258,417 $ 80,901 $1.19
Second Quarter .............................. 1,013,959 304,914 96,905 1.42
Third Quarter ............................... 1,302,343 388,274 140,826 2.06
Fourth Quarter .............................. 1,275,000 367,573 135,397 1.98
Totals ..................................... $4,479,648 $1,319,178 $454,029 $6.65
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