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Additional Balance Sheet and Cash Flow Information (Tables) | 3 Months Ended
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Mar. 27, 2016
Supplemental Cash Flow Information [Abstract] |
Marketable Securities | The Company’s marketable securities consisted of the following (in thousands):
| March 27, 2016 |  | December 31, 2015 |  | March 29, 2015
Available-for-sale: Corporate bonds | $ | 45,122 |  |  | $ | 45,192 |  |  | $ | 57,219 |
Trading securities: Mutual funds | 38,567 |  |  | 36,256 |  |  | 37,667 |
| $ | 83,689 |  |  | $ | 81,448 |  |  | $ | 94,886 |
Inventories Net | Inventories consist of the following (in thousands):
| March 27, 2016 |  | December 31, 2015 |  | March 29, 2015
Components at the lower of FIFO cost or market |  |  |  |  |
Raw materials and work in process | $ | 158,632 |  |  | $ | 161,704 |  |  | $ | 153,734 |
Motorcycle finished goods | 291,834 |  |  | 327,952 |  |  | 253,922 |
Parts and accessories and general merchandise | 152,552 |  |  | 145,519 |  |  | 123,187 |
Inventory at lower of FIFO cost or market | 603,018 |  |  | 635,175 |  |  | 530,843 |
Excess of FIFO over LIFO cost | (49,268 | ) |  | (49,268 | ) |  | (49,902 | )
| $ | 553,750 |  |  | $ | 585,907 |  |  | $ | 480,941 |
Reconciliation Of Net Income To Net Cash Used By Operating Activities | The reconciliation of net income to net cash provided by operating activities is as follows (in thousands):
| Three months ended
| March 27, 2016 |  | March 29, 2015
Cash flows from operating activities: |  |  |
Net income | $ | 250,489 |  |  | $ | 269,854 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Depreciation and amortization of intangibles | 50,027 |  |  | 46,028 |
Amortization of deferred loan origination costs | 21,546 |  |  | 22,932 |
Amortization of financing origination fees | 2,802 |  |  | 2,215 |
Provision for employee long-term benefits | 9,203 |  |  | 12,318 |
Contributions to pension and postretirement plan payments | (29,641 | ) |  | (6,627 | )
Stock compensation expense | 7,053 |  |  | 8,046 |
Net change in wholesale finance receivables related to sales | (507,731 | ) |  | (465,598 | )
Provision for credit losses | 37,123 |  |  | 26,247 |
Pension and postretirement healthcare plan curtailment and settlement expense | 300 |  |  | — |
Deferred income taxes | 3,636 |  |  | 2,820 |
Foreign currency adjustments | (5,873 | ) |  | 18,154 |
Other, net | (1,429 | ) |  | (2,507 | )
Changes in current assets and liabilities: |  |  |
Accounts receivable, net | (57,885 | ) |  | (49,936 | )
Finance receivables—accrued interest and other | 685 |  |  | 2,067 |
Inventories | 40,539 |  |  | (51,934 | )
Accounts payable and accrued liabilities | 222,800 |  |  | 305,102 |
Derivative instruments | 1,196 |  |  | 399 |
Other | (3,709 | ) |  | 35,120 |
Total adjustments | (209,358 | ) |  | (95,154 | )
Net cash provided by operating activities | $ | 41,131 |  |  | $ | 174,700 |

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