diff --git a/README.md b/README.md
index 50f15a28..b05c2d41 100644
--- a/README.md
+++ b/README.md
@@ -3,7 +3,7 @@
   <br>
   <h3>Best Practices for Kubernetes Workload Configuration</h3>
   <a href="https://github.com/FairwindsOps/polaris">
-    <img src="https://img.shields.io/static/v1.svg?label=Version&message=3.1.6&color=239922">
+    <img src="https://img.shields.io/static/v1.svg?label=Version&message=3.2.0&color=239922">
   </a>
   <a href="https://goreportcard.com/report/github.com/FairwindsOps/polaris">
     <img src="https://goreportcard.com/badge/github.com/FairwindsOps/polaris">
diff --git a/docs/changelog.md b/docs/changelog.md
index 4da9ecda..139883fe 100644
--- a/docs/changelog.md
+++ b/docs/changelog.md
@@ -2,6 +2,9 @@
 sidebarDepth: 0
 ---
 
+## 3.2.0
+* Add `--format=pretty` option for CLI output
+
 ## 3.1.6
 * Fix nil pointer issue with --only-output-failed-tests
 
diff --git a/main.go b/main.go
index ecf34459..7098c698 100644
--- a/main.go
+++ b/main.go
@@ -20,7 +20,7 @@ import (
 
 const (
 	// Version represents the current release version of Polaris
-	Version = "3.1.6"
+	Version = "3.2.0"
 )
 
 func main() {