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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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| Operating Activities: | ||
| Net income | $ 88,563us-gaap_NetIncomeLoss | $ 80,901us-gaap_NetIncomeLoss |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 37,081us-gaap_DepreciationDepletionAndAmortization | 28,069us-gaap_DepreciationDepletionAndAmortization |
| Noncash compensation | 17,094us-gaap_ShareBasedCompensation | 12,785us-gaap_ShareBasedCompensation |
| Noncash income from financial services | (6,794)us-gaap_OtherNoncashIncome | (1,543)us-gaap_OtherNoncashIncome |
| Deferred income taxes | 5,868us-gaap_DeferredIncomeTaxExpenseBenefit | (2,262)us-gaap_DeferredIncomeTaxExpenseBenefit |
| Tax effect of share-based compensation exercises | (27,476)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities | (8,884)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities |
| Other, net | 3,090pii_NoncashLossFromManufacturingAffiliates | 896pii_NoncashLossFromManufacturingAffiliates |
| Changes in operating assets and liabilities: | ||
| Trade receivables | 26,749us-gaap_IncreaseDecreaseInAccountsReceivable | 36,037us-gaap_IncreaseDecreaseInAccountsReceivable |
| Inventories | (66,063)us-gaap_IncreaseDecreaseInInventories | (63,210)us-gaap_IncreaseDecreaseInInventories |
| Accounts payable | (40,433)us-gaap_IncreaseDecreaseInAccountsPayable | 19,727us-gaap_IncreaseDecreaseInAccountsPayable |
| Accrued expenses | (59,831)us-gaap_IncreaseDecreaseInAccruedLiabilities | (81,942)us-gaap_IncreaseDecreaseInAccruedLiabilities |
| Income taxes payable/receivable | 33,241us-gaap_IncreaseDecreaseInIncomeTaxes | 35,312us-gaap_IncreaseDecreaseInIncomeTaxes |
| Prepaid expenses and others, net | (6,864)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (11,139)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Net cash provided by operating activities | 4,225us-gaap_NetCashProvidedByUsedInOperatingActivities | 44,747us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Investing Activities: | ||
| Purchase of property and equipment | (30,784)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (39,703)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Investment in finance affiliate, net | (346)us-gaap_PaymentsForProceedsFromBusinessesAndInterestInAffiliates | (678)us-gaap_PaymentsForProceedsFromBusinessesAndInterestInAffiliates |
| Investment in other affiliates | (10,049)us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates | 0us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates |
| Net cash used for investing activities | (41,179)us-gaap_NetCashProvidedByUsedInInvestingActivities | (40,381)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Financing Activities: | ||
| Borrowings under debt arrangements / capital lease obligations | 817,324us-gaap_ProceedsFromLongTermCapitalLeaseObligations | 652,838us-gaap_ProceedsFromLongTermCapitalLeaseObligations |
| Repayments under debt arrangements / capital lease obligations | (723,306)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations | (633,887)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations |
| Repurchase and retirement of common shares | (86,267)us-gaap_PaymentsForRepurchaseOfCommonStock | (244)us-gaap_PaymentsForRepurchaseOfCommonStock |
| Cash dividends to shareholders | (35,114)us-gaap_PaymentsOfDividendsCommonStock | (31,719)us-gaap_PaymentsOfDividendsCommonStock |
| Proceeds from stock issuances under employee plans | 19,010us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions | 9,365us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions |
| Tax effect of proceeds from share-based compensation exercises | 27,476us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 8,884us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities |
| Net cash provided by financing activities | 19,123us-gaap_NetCashProvidedByUsedInFinancingActivities | 5,237us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Impact of currency exchange rates on cash balances | (8,764)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | (62)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
| Net increase (decrease) in cash and cash equivalents | (26,595)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 9,541us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents at beginning of period | 137,600us-gaap_CashAndCashEquivalentsAtCarryingValue | 92,248us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents at end of period | 111,005us-gaap_CashAndCashEquivalentsAtCarryingValue | 101,789us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Noncash Investing and Financing Items [Abstract] | ||
| Property and equipment obtained through capital leases and notes payable | 14,500us-gaap_FairValueOfAssetsAcquired | 24,908us-gaap_FairValueOfAssetsAcquired |
| Supplemental Cash Flow Information [Abstract] | ||
| Interest paid on debt borrowings | 1,027us-gaap_InterestPaid | 861us-gaap_InterestPaid |
| Income taxes paid | $ 12,446us-gaap_IncomeTaxesPaid | $ 10,020us-gaap_IncomeTaxesPaid |
| X | ||||||||||
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- Definition
Noncash Loss From Manufacturing Affiliates No definition available.
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow for realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The fair value of assets acquired in noncash investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amounts payable to taxing authorities for taxes that are based on the reporting entity's earnings, net of amounts receivable from taxing authorities for refunds of overpayments or recoveries of income taxes, and in deferred and other tax liabilities and assets. No definition available.
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Other income or gains included in net income that result in no cash inflows or outflows in the period and are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash outflow or inflow associated with the acquisition or sale of a business segment during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of or advances to an entity that is related to it but not strictly controlled (for example, an unconsolidated subsidiary, affiliate, and joint venture or equity method investment) or the acquisition of an additional interest in a subsidiary (controlled entity). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The total cash inflow associated with the amount received from holders to acquire the entity's shares under incentive and share awards, including stock option exercises. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from proceeds received from lessor related to a long-term capital lease obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for the obligation for a lease meeting the criteria for capitalization (with maturities exceeding one year or beyond the operating cycle of the entity, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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