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Asset-Backed Financing (Tables) | 6 Months Ended
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Jun. 26, 2016
Transfers and Servicing [Abstract] |
Assets and Liabilities Related to the On-Balance Sheet Financing | The following table shows the assets and liabilities related to the on-balance sheet asset-backed financings included in the financial statements (in thousands):
| June 26, 2016
| Finance receivables |  | Allowance for credit losses |  | Restricted cash |  | Other assets |  | Total assets |  | Asset-backed debt
On-balance sheet assets and liabilities |  |  |  |  |  |  |  |  |  |  |
Consolidated VIEs |  |  |  |  |  |  |  |  |  |  |
Term asset-backed securitizations | $ | 1,173,527 |  |  | $ | (30,431 | ) |  | $ | 79,475 |  |  | $ | 2,825 |  |  | $ | 1,225,396 |  |  | $ | 1,074,931 |
Asset-backed U.S. commercial paper conduit facility | — |  |  | — |  |  | — |  |  | 222 |  |  | 222 |  |  | — |
Unconsolidated VIEs |  |  |  |  |  |  |  |  |  |  |
Asset-backed Canadian commercial paper conduit facility | 177,360 |  |  | (3,620 | ) |  | 13,175 |  |  | 332 |  |  | 187,247 |  |  | 161,626 |
Total on-balance sheet assets and liabilities | $ | 1,350,887 |  |  | $ | (34,051 | ) |  | $ | 92,650 |  |  | $ | 3,379 |  |  | $ | 1,412,865 |  |  | $ | 1,236,557 |
| December 31, 2015
| Finance receivables |  | Allowance for credit losses |  | Restricted cash |  | Other assets |  | Total assets |  | Asset-backed debt
On-balance sheet assets and liabilities |  |  |  |  |  |  |  |  |  |  |
Consolidated VIEs |  |  |  |  |  |  |  |  |  |  |
Term asset-backed securitizations | $ | 1,611,624 |  |  | $ | (37,937 | ) |  | $ | 100,151 |  |  | $ | 4,383 |  |  | $ | 1,678,221 |  |  | $ | 1,459,377 |
Asset-backed U.S. commercial paper conduit facility | — |  |  | — |  |  | — |  |  | 323 |  |  | 323 |  |  | — |
Unconsolidated VIEs |  |  |  |  |  |  |  |  |  |  |
Asset-backed Canadian commercial paper conduit facility | 170,708 |  |  | (3,061 | ) |  | 10,491 |  |  | 393 |  |  | 178,531 |  |  | 153,839 |
Total on-balance sheet assets and liabilities | $ | 1,782,332 |  |  | $ | (40,998 | ) |  | $ | 110,642 |  |  | $ | 5,099 |  |  | $ | 1,857,075 |  |  | $ | 1,613,216 |
| June 28, 2015
| Finance receivables |  | Allowance for credit losses |  | Restricted cash |  | Other assets |  | Total assets |  | Asset-backed debt
On-balance sheet assets and liabilities |  |  |  |  |  |  |  |  |  |  |
Consolidated VIEs |  |  |  |  |  |  |  |  |  |  |
Term asset-backed securitizations | $ | 2,199,018 |  |  | $ | (49,400 | ) |  | $ | 149,418 |  |  | $ | 2,857 |  |  | $ | 2,301,893 |  |  | $ | 2,011,461 |
Asset-backed U.S. commercial paper conduit facility | — |  |  | — |  |  | — |  |  | 210 |  |  | 210 |  |  | — |
Unconsolidated VIEs |  |  |  |  |  |  |  |  |  |  |
Asset-backed Canadian commercial paper conduit facility | 176,730 |  |  | (2,657 | ) |  | 12,793 |  |  | 340 |  |  | 187,206 |  |  | 160,940 |
Total on-balance sheet assets and liabilities | $ | 2,375,748 |  |  | $ | (52,057 | ) |  | $ | 162,211 |  |  | $ | 3,407 |  |  | $ | 2,489,309 |  |  | $ | 2,172,401 |
Transfers of Canadian Retail Motorcycle Finance Receivable | The following table includes quarterly transfers of Canadian retail motorcycle finance receivables to the Canadian Conduit and the respective proceeds (in thousands):
| 2016 |  | 2015
| Transfers |  | Proceeds |  | Transfers |  | Proceeds
First quarter | $ | 6,600 |  |  | $ | 5,800 |  |  | $ | 19,200 |  |  | $ | 16,800 |
Second quarter | $ | 31,400 |  |  | $ | 27,500 |  |  | $ | 26,800 |  |  | $ | 23,400 |
Schedule of Servicing Activities | The current unpaid principal balance of serviced retail motorcycle finance receivables was as follows (in thousands):
| June 26, 2016 |  | December 31, 2015 |  | June 28, 2015
On-balance sheet retail motorcycle finance receivables | $ | 5,872,668 |  |  | $ | 5,843,352 |  |  | $ | 5,799,682 |
Off-balance sheet retail motorcycle finance receivables | 292,176 |  |  | — |  |  | — |
Total serviced retail motorcycle finance receivables | $ | 6,164,844 |  |  | $ | 5,843,352 |  |  | $ | 5,799,682 |
The balance of serviced finance receivables 30 days or more delinquent was as follows (in thousands):
| Amount 30 days or more past due:
| June 26, 2016 |  | December 31, 2015 |  | June 28, 2015
On-balance sheet retail motorcycle finance receivables | $ | 168,091 |  |  | $ | 195,468 |  |  | $ | 143,406 |
Off-balance sheet retail motorcycle finance receivables | 460 |  |  | — |  |  | — |
Total serviced retail motorcycle finance receivables | $ | 168,551 |  |  | $ | 195,468 |  |  | $ | 143,406 |
Credit losses, net of recoveries for the serviced finance receivables were as follows (in thousands):
| Three months ended |  | Six months ended
| June 26, 2016 |  | June 28, 2015 |  | June 26, 2016 |  | June 28, 2015
On-balance sheet retail motorcycle finance receivables | $ | 15,001 |  |  | $ | 8,764 |  |  | $ | 43,118 |  |  | $ | 29,555 |
Off-balance sheet retail motorcycle finance receivables | 15 |  |  | — |  |  | 15 |  |  | — |
Total serviced retail motorcycle finance receivables | $ | 15,016 |  |  | $ | 8,764 |  |  | $ | 43,133 |  |  | $ | 29,555 |

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