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Additional Balance Sheet and Cash Flow Information (Tables) | 9 Months Ended
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Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Marketable Securities | The Company’s marketable securities consisted of the following (in thousands):
| September 30, 2018 |  | December 31, 2017 |  | September 24, 2017
Certificate of deposit | $ | 10,011 |  |  | $ | — |  |  | $ | — |
Mutual funds | 49,832 |  |  | 48,006 |  |  | 45,726 |
Total marketable securities | $ | 59,843 |  |  | $ | 48,006 |  |  | $ | 45,726 |
Inventories Net | Inventories consisted of the following (in thousands):
| September 30, 2018 |  | December 31, 2017 |  | September 24, 2017
Raw materials and work in process | $ | 174,891 |  |  | $ | 161,664 |  |  | $ | 155,947 |
Motorcycle finished goods | 251,794 |  |  | 289,530 |  |  | 232,141 |
Parts & accessories and general merchandise | 141,918 |  |  | 139,363 |  |  | 129,270 |
Inventory at lower of FIFO cost or net realizable value | 568,603 |  |  | 590,557 |  |  | 517,358 |
Excess of FIFO over LIFO cost | (52,356 | ) |  | (52,355 | ) |  | (48,267 | )
Total inventories, net | $ | 516,247 |  |  | $ | 538,202 |  |  | $ | 469,091 |
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):
| Nine months ended
| September 30, 2018 |  | September 24, 2017
Cash flows from operating activities: |  |  |
Net income | $ | 530,956 |  |  | $ | 513,445 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Depreciation and amortization of intangibles | 196,461 |  |  | 163,974 |
Amortization of deferred loan origination costs | 61,213 |  |  | 62,052 |
Amortization of financing origination fees | 6,207 |  |  | 6,112 |
Provision for long-term employee benefits | 28,162 |  |  | 22,427 |
Employee benefit plan contributions and payments | (11,035 | ) |  | (43,060 | )
Stock compensation expense | 29,122 |  |  | 25,581 |
Net change in wholesale finance receivables related to sales | (18,400 | ) |  | 36,678 |
Provision for credit losses | 72,462 |  |  | 99,059 |
Deferred income taxes | 1,457 |  |  | (5,151 | )
Other, net | 29,340 |  |  | (11,122 | )
Changes in current assets and liabilities: |  |  |
Accounts receivable, net | (14,784 | ) |  | (29,167 | )
Finance receivables - accrued interest and other | 1,374 |  |  | 317 |
Inventories | 8,270 |  |  | 50,016 |
Accounts payable and accrued liabilities | 183,606 |  |  | 88,758 |
Derivative instruments | 1,227 |  |  | 2,752 |
Other | 16,917 |  |  | (33,596 | )
Total adjustments | 591,599 |  |  | 435,630 |
Net cash provided by operating activities | $ | 1,122,555 |  |  | $ | 949,075 |

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