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Additional Balance Sheet and Cash Flow Information (Tables) | 3 Months Ended
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Apr. 01, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Marketable Securities | The Company’s marketable securities consisted of the following (in thousands):
| April 1, 2018 |  | December 31, 2017 |  | March 26, 2017
Available-for-sale corporate bonds | $ | — |  |  | $ | — |  |  | $ | 5,004 |
Mutual funds | 49,402 |  |  | 48,006 |  |  | 41,674 |
Total marketable securities | $ | 49,402 |  |  | $ | 48,006 |  |  | $ | 46,678 |
Inventories Net | Inventories consisted of the following (in thousands):
| April 1, 2018 |  | December 31, 2017 |  | March 26, 2017
Raw materials and work in process | $ | 177,652 |  |  | $ | 161,664 |  |  | $ | 153,195 |
Motorcycle finished goods | 289,046 |  |  | 289,530 |  |  | 263,408 |
Parts and accessories and general merchandise | 150,228 |  |  | 139,363 |  |  | 117,140 |
Inventory at lower of FIFO cost or net realizable value | 616,926 |  |  | 590,557 |  |  | 533,743 |
Excess of FIFO over LIFO cost | (52,355 | ) |  | (52,355 | ) |  | (48,267 | )
Total inventories, net | $ | 564,571 |  |  | $ | 538,202 |  |  | $ | 485,476 |
Reconciliation of Net Cash Provided by Operating Activities | The reconciliation of net income to net cash provided by operating activities is as follows (in thousands):
| Three months ended
| April 1, 2018 |  | March 26, 2017
Cash flows from operating activities: |  |  |
Net income | $ | 174,763 |  |  | $ | 186,369 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Depreciation and amortization of intangibles | 62,473 |  |  | 54,900 |
Amortization of deferred loan origination costs | 20,116 |  |  | 20,078 |
Amortization of financing origination fees | 2,028 |  |  | 2,076 |
Provision for long-term employee benefits | 9,747 |  |  | 7,475 |
Employee benefit plan contributions and payments | (5,486 | ) |  | (29,957 | )
Stock compensation expense | 7,962 |  |  | 6,992 |
Net change in wholesale finance receivables related to sales | (239,902 | ) |  | (317,087 | )
Provision for credit losses | 30,052 |  |  | 43,589 |
Deferred income taxes | 3,188 |  |  | 3,989 |
Other, net | (1,902 | ) |  | (5,334 | )
Changes in current assets and liabilities: |  |  |
Accounts receivable, net | (17,688 | ) |  | (39,230 | )
Finance receivables - accrued interest and other | 4,758 |  |  | 5,142 |
Inventories | (21,542 | ) |  | 23,476 |
Accounts payable and accrued liabilities | 148,923 |  |  | 182,928 |
Derivative instruments | 702 |  |  | 3,120 |
Other | 13,402 |  |  | 11,413 |
Total adjustments | 16,831 |  |  | (26,430 | )
Net cash provided by operating activities | $ | 191,594 |  |  | $ | 159,939 |

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