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Additional Balance Sheet And Cash Flow Information | 12 Months Ended
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Dec. 31, 2015
Supplemental Cash Flow Information [Abstract] |
Additional Balance Sheet and Cash Flow Information | Additional Balance Sheet and Cash Flow Information The following information represents additional detail for selected line items included in the consolidated balance sheets at December 31, and the statements of cash flows for the years ended December 31. Balance Sheet Information: Inventories, net (in thousands):
|  | 2015 |  | 2014
Components at the lower of FIFO cost or market |  |  |  |
Raw materials and work in process |  | $ | 161,704 |  |  | $ | 151,254 |
Motorcycle finished goods |  | 327,952 |  |  | 230,309 |
Parts and accessories and general merchandise |  | 145,519 |  |  | 117,210 |
Inventory at lower of FIFO cost or market |  | 635,175 |  |  | 498,773 |
Excess of FIFO over LIFO cost |  | (49,268 | ) |  | (49,902 | )
Total inventories, net |  | $ | 585,907 |  |  | $ | 448,871 |
Inventory obsolescence reserves deducted from FIFO cost were $26.7 million and $17.8 million as of December 31, 2015 and 2014, respectively. Property, plant and equipment, at cost (in thousands):
|  | 2015 |  | 2014
Land and related improvements |  | $ | 56,554 |  |  | $ | 55,238 |
Buildings and related improvements |  | 453,433 |  |  | 475,268 |
Machinery and equipment |  | 1,859,443 |  |  | 1,823,790 |
Software |  | 524,076 |  |  | 440,703 |
Construction in progress |  | 280,147 |  |  | 200,708 |
|  | 3,173,653 |  |  | 2,995,707 |
Accumulated depreciation |  | (2,231,235 | ) |  | (2,112,630 | )
Total property, plant and equipment, net |  | $ | 942,418 |  |  | $ | 883,077 |
Accrued liabilities (in thousands):
|  | 2015 |  | 2014
Payroll, employee benefits and related expenses |  | $ | 160,971 |  |  | $ | 165,448 |
Warranty and recalls |  | 54,894 |  |  | 48,529 |
Sales incentive programs |  | 37,568 |  |  | 44,423 |
Tax-related accruals |  | 18,535 |  |  | 28,333 |
Accrued interest |  | 33,925 |  |  | 19,072 |
Other |  | 166,071 |  |  | 143,512 |
Total accrued liabilities |  | $ | 471,964 |  |  | $ | 449,317 |
Cash Flow Information: The reconciliation of net income to net cash provided by operating activities of continuing operations is as follows (in thousands):
|  | 2015 |  | 2014 |  | 2013
Cash flows from operating activities: |  |  |  |  |  |
Net income |  | $ | 752,207 |  |  | $ | 844,611 |  |  | $ | 733,993 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Depreciation and amortization |  | 198,074 |  |  | 179,300 |  |  | 167,072 |
Amortization of deferred loan origination costs |  | 93,546 |  |  | 94,429 |  |  | 86,181 |
Amortization of financing origination fees |  | 9,975 |  |  | 8,442 |  |  | 9,376 |
Provision for long-term employee benefits |  | 60,824 |  |  | 33,709 |  |  | 66,877 |
Contributions to pension and postretirement plans |  | (28,490 | ) |  | (29,686 | ) |  | (204,796 | )
Stock compensation expense |  | 29,433 |  |  | 37,929 |  |  | 41,244 |
Net change in wholesale finance receivables related to sales |  | (113,970 | ) |  | (75,210 | ) |  | 28,865 |
Provision for credit losses |  | 101,345 |  |  | 80,946 |  |  | 60,008 |
Loss on debt extinguishment |  | 1,099 |  |  | 3,942 |  |  | 4,947 |
Deferred income taxes |  | (16,484 | ) |  | (7,621 | ) |  | 52,580 |
Foreign currency adjustments |  | 20,067 |  |  | 21,964 |  |  | 16,269 |
Other, net |  | 846 |  |  | (1,491 | ) |  | 10,123 |
Changes in current assets and liabilities: |  |  |  |  |  |
Accounts receivable, net |  | (13,665 | ) |  | (9,809 | ) |  | (36,653 | )
Finance receivables – accrued interest and other |  | (3,046 | ) |  | (2,515 | ) |  | (346 | )
Inventories |  | (155,222 | ) |  | (50,886 | ) |  | (46,474 | )
Accounts payable and accrued liabilities |  | 138,823 |  |  | 21,309 |  |  | (78,665 | )
Derivative instruments |  | (5,615 | ) |  | 703 |  |  | (2,189 | )
Prepaid and other |  | 30,371 |  |  | (3,389 | ) |  | 68,681 |
Total adjustments |  | 347,911 |  |  | 302,066 |  |  | 243,100 |
Net cash provided by operating activities |  | $ | 1,100,118 |  |  | $ | 1,146,677 |  |  | $ | 977,093 |
Cash paid during the period for interest and income taxes (in thousands):
|  | 2015 |  | 2014 |  | 2013
Interest |  | $ | 148,654 |  |  | $ | 154,310 |  |  | $ | 197,161 |
Income taxes |  | $ | 371,547 |  |  | $ | 438,840 |  |  | $ | 236,972 |
Interest paid represents interest payments of HDFS (included in financial services interest expense) and interest payments of the Company (included in interest expense).

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