Polaris 2008 Annual Report Download - page 76

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Components of the accrued disposal costs are as follows (in thousands):
Balance
Prior To
Charge
Initial
Charge
Charges
During
2006
Utilization from
Closedown
Date Through
December 31,
2007
Balance
December 31,
2007
Utilization
During 2008
Balance
December 31,
2008
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 (12,486) $2,302 $(452) $1,850
Disposition of tooling, inventory and
other fixed assets (non-cash) ...... — 6,895 — (6,895) — — —
Total . . ..................... $8,287 $35,600 $8,073 $(49,658) $2,302 $(452) $1,850
The financial results of the marine products division included in discontinued operations are as follows (in
thousands):
Discontinued Operations
2008 2007 2006
For the Years Ended December 31,
Sales ................................................ $—$—$—
Loss on discontinued operations before income tax benefit ........ $—$(1,449) $(1,214)
Income tax (benefit). . . .................................. —(501) (402)
Loss from discontinued operations, net of tax .................. $—$ (948) $ (812)
Loss on disposal of discontinued operations ................... $(8,073)
Income tax (benefit). . . .................................. (2,672)
Loss on disposal of discontinued operations, net of tax ........... $(5,401)
2008 2007
As of December 31,
Accrued expenses ................................................ $1,850 $2,302
Current liabilities ................................................ $1,850 $2,302
Note 10: Segment Reporting
Polaris has reviewed SFAS No. 131, “Disclosures about Segments of an Enterprise and Related Information,”
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) distri-
bution channels, and (6) regulatory environments. Therefore, the Company reports as a single business segment.
58
POLARIS INDUSTRIES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)