Annual Report — [x] Reg. S-K Item 405 — Form 10-K
Filing Table of Contents
Document/Exhibit Description Pages Size
1: 10-K405 Annual Report -- [x] Reg. S-K Item 405 37 198K
2: EX-10.(A) Material Contract 5 19K
3: EX-10.(J) Fourth Amendment to Credit Agreement 10 33K
4: EX-10.(K) Shareholder Agreement 4 15K
5: EX-10.(L) Registration Rights Agreement 18 66K
6: EX-11 Statement of Computation of Earnings 2 17K
7: EX-21 Subsidiaries of the Registrant 1 7K
8: EX-23 Consent of Experts or Counsel 1 6K
9: EX-24 Power of Attorney 2 10K
10: EX-27 Financial Data Schedule (Pre-XBRL) 2 9K
EX-11 — Statement of Computation of Earnings
| EX-11 | 1st Page of 2 | TOC | ↑Top | Previous | Next | ↓Bottom | Just 1st |
|---|
POLARIS INDUSTRIES INC. EXHIBIT 11
--------------------------------------------------------------------------------
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS - CONTINUED
(NOT COVERED BY AUDITOR'S REPORT)
--------------------------------------------------------------------------------
Polaris Industries Inc. (the Company) was formed for the purpose of effecting
the conversion of Polaris Industries Partners L.P. (the Partnership) from a
publicly traded limited partnership to a publicly traded corporation on December
22, 1994 (the Conversion). The Company issued 16,010,441 shares of common stock
to the Partnership's Limited Partners in exchange for their limited partner
interests, 2,100,243 shares of common stock to the affiliates of EIP Associates
L.P. (the General Partner) in exchange for the entire general partnership
interests and rights and ultimately 312,500 shares of common stock to the
holders of 312,500 First Rights.
Net income per share for the fourth quarter of 1994 and for the year ended
December 31, 1994, is calculated based on the weighted average number of common
and common equivalent shares outstanding as if the Conversion transaction
discussed above occurred at the beginning of the period. Net income per share
is not applicable for 1992, 1993, and the first, second and third quarters of
1994 because the Company was a partnership in those periods. See Note 1 of
Notes to the Financial Statements.
Pro forma information is presented to assist in comparing the continuing results
of operations of the Company for 1994, 1993 and 1992 exclusive of the Conversion
costs and as if the Company was a taxable corporation for these periods. The
weighted average number of units of Beneficial Assignment of Class A Limited
Partnership Interests (BACs) and BAC equivalents has been retroactively adjusted
to reflect the issuance of an equal number of shares of common stock to the
Partnership's Limited Partners in exchange for the number of BACs outstanding
and the issuance of 2,100,243 shares of common stock to the affiliates of the
General Partner in exchange for the general partnership interests. See Note 10
of Notes to the Financial Statements.
NET INCOME PER SHARE (IN THOUSANDS, EXCEPT PER SHARE DATA)
[Download Table]
Quarter Year
Ended Ended
December 31, December 31,
1994 1994
------------ -------------
Net Income for the Period $ 78,339 $ 128,950
------------ -------------
------------ -------------
Weighted Average Number of Outstanding:
Common shares 18,111 18,111
Rights 312 312
------------ -------------
Total common and common equivalent shares 18,423 18,423
------------ -------------
------------ -------------
Net Income Per Share $ 4.25 $ 7.00
------------ -------------
------------ -------------
POLARIS INDUSTRIES INC. EXHIBIT 11 - CONTINUED
--------------------------------------------------------------------------------
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS - CONTINUED
(NOT COVERED BY AUDITOR'S REPORT)
--------------------------------------------------------------------------------
PRO FORMA NET INCOME PER SHARE (IN THOUSANDS, EXCEPT PER SHARE DATA)
[Enlarge/Download Table]
Quarter Ended
------------------------------------------------------
March 31, June 30, September 30, December 31, Total
1994 1994 1994 1994 1994
----------- ----------- -------------- ------------ -------------
Pro Forma Net Income for the Period $ 6,144 $ 7,348 $ 21,611 $ 19,600 $ 54,703
----------- ----------- -------------- ------------ -------------
----------- ----------- -------------- ------------ -------------
Weighted Average Number of Outstanding:
Common shares 18,065 18,111 18,111 18,111 18,111
Rights 342 296 304 312 312
----------- ----------- -------------- ------------ -------------
Total common and common
equivalent shares 18,407 18,407 18,415 18,423 18,423
----------- ----------- -------------- ------------ -------------
----------- ----------- -------------- ------------ -------------
Pro Forma Net Income Per Share $ .33 $ .40 $ 1.18 $ 1.06 $ 2.97
----------- ----------- -------------- ------------ -------------
----------- ----------- -------------- ------------ -------------
Quarter Ended
-----------------------------------------------------
March 31, June 30, September 30, December 31, Total
1993 1993 1993 1993 1993
---------- ------------ ------------- ------------ -------------
Pro Forma Net Income for the Period $ 4,703 $ 4,702 $ 12,907 $ 10,715 $ 33,027
----------- ----------- -------------- ------------ -------------
----------- ----------- -------------- ------------ -------------
Weighted Average Number of Outstanding:
Common shares 16,999 16,999 16,999 17,017 17,017
Rights 1,227 1,227 1,226 1,198 1,198
----------- ----------- -------------- ------------ -------------
Total common and common
equivalent shares 18,226 18,226 18,225 18,215 18,215
----------- ----------- -------------- ------------ -------------
----------- ----------- -------------- ------------ -------------
Pro Forma Net Income Per Share $ .26 $ .26 $ .70 $ .59 $ 1.81
----------- ----------- -------------- ------------ -------------
----------- ----------- -------------- ------------ -------------
Quarter Ended
------------------------------------------------------
March 31, June 30, September 30, December 31, Total
1992 1992 1992 1992 1992
----------- ------------ ------------- ------------ -------------
Pro Forma Net Income for the Period $ 1,642 $ 4,441 $ 10,815 $ 7,704 $ 24,602
----------- ----------- -------------- ------------ -------------
----------- ----------- -------------- ------------ -------------
Weighted Average Number of Outstanding:
Common shares 16,200 16,200 16,200 16,402 16,402
Rights 1,488 1,912 1,912 1,672 1,566
----------- ----------- -------------- ------------ -------------
Total common and common
equivalent shares 17,688 18,112 18,112 18,074 17,968
----------- ----------- -------------- ------------ -------------
----------- ----------- -------------- ------------ -------------
Pro Forma Net Income Per Share $ .09 $ .25 $ .60 $ .43 $ 1.37
----------- ----------- -------------- ------------ -------------
----------- ----------- -------------- ------------ -------------
Dates Referenced Herein and Documents Incorporated by Reference
↑Top
Filing Submission 0000912057-95-001683 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
About — Privacy — Redactions — Help —
Fri., May 17, 4:22:13.1pm ET 
