XML 42 R32.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Finance Receivables (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2018
Receivables [Abstract] |
Finance Receivables | Finance receivables, net, consisted of the following (in thousands):
| September 30, 2018 |  | December 31, 2017 |  | September 24, 2017
Retail | $ | 6,508,670 |  |  | $ | 6,140,600 |  |  | $ | 6,336,447 |
Wholesale | 988,339 |  |  | 1,016,957 |  |  | 960,160 |
Total finance receivables | 7,497,009 |  |  | 7,157,557 |  |  | 7,296,607 |
Allowance for credit losses | (193,447 | ) |  | (192,471 | ) |  | (195,582 | )
Finance receivables, net | $ | 7,303,562 |  |  | $ | 6,965,086 |  |  | $ | 7,101,025 |
Allowance for Credit Losses on Finance Receivables | The allowance for credit losses and finance receivables by portfolio, segregated by those amounts that are individually evaluated for impairment and those that are collectively evaluated for impairment, was as follows (in thousands):
| September 30, 2018
| Retail |  | Wholesale |  | Total
Allowance for credit losses, ending balance: |  |  |  |  |
Individually evaluated for impairment | $ | — |  |  | $ | — |  |  | $ | — |
Collectively evaluated for impairment | 187,126 |  |  | 6,321 |  |  | 193,447 |
Total allowance for credit losses | $ | 187,126 |  |  | $ | 6,321 |  |  | $ | 193,447 |
Finance receivables, ending balance: |  |  |  |  |
Individually evaluated for impairment | $ | — |  |  | $ | — |  |  | $ | — |
Collectively evaluated for impairment | 6,508,670 |  |  | 988,339 |  |  | 7,497,009 |
Total finance receivables | $ | 6,508,670 |  |  | $ | 988,339 |  |  | $ | 7,497,009 |
| December 31, 2017
| Retail |  | Wholesale |  | Total
Allowance for credit losses, ending balance: |  |  |  |  |
Individually evaluated for impairment | $ | — |  |  | $ | — |  |  | $ | — |
Collectively evaluated for impairment | 186,254 |  |  | 6,217 |  |  | 192,471 |
Total allowance for credit losses | $ | 186,254 |  |  | $ | 6,217 |  |  | $ | 192,471 |
Finance receivables, ending balance: |  |  |  |  |
Individually evaluated for impairment | $ | — |  |  | $ | — |  |  | $ | — |
Collectively evaluated for impairment | 6,140,600 |  |  | 1,016,957 |  |  | 7,157,557 |
Total finance receivables | $ | 6,140,600 |  |  | $ | 1,016,957 |  |  | $ | 7,157,557 |
| September 24, 2017
| Retail |  | Wholesale |  | Total
Allowance for credit losses, ending balance: |  |  |  |  |
Individually evaluated for impairment | $ | — |  |  | $ | — |  |  | $ | — |
Collectively evaluated for impairment | 189,664 |  |  | 5,918 |  |  | 195,582 |
Total allowance for credit losses | $ | 189,664 |  |  | $ | 5,918 |  |  | $ | 195,582 |
Finance receivables, ending balance: |  |  |  |  |
Individually evaluated for impairment | $ | — |  |  | $ | — |  |  | $ | — |
Collectively evaluated for impairment | 6,336,447 |  |  | 960,160 |  |  | 7,296,607 |
Total finance receivables | $ | 6,336,447 |  |  | $ | 960,160 |  |  | $ | 7,296,607 |
Changes in the allowance for credit losses on finance receivables by portfolio were as follows (in thousands):
| Three months ended September 30, 2018
| Retail |  | Wholesale |  | Total
Balance, beginning of period | $ | 187,502 |  |  | $ | 6,428 |  |  | $ | 193,930 |
Provision for credit losses | 23,629 |  |  | (99 | ) |  | 23,530 |
Charge-offs | (33,689 | ) |  | (8 | ) |  | (33,697 | )
Recoveries | 9,684 |  |  | — |  |  | 9,684 |
Balance, end of period | $ | 187,126 |  |  | $ | 6,321 |  |  | $ | 193,447 |
| Three months ended September 24, 2017
| Retail |  | Wholesale |  | Total
Balance, beginning of period | $ | 185,899 |  |  | $ | 7,629 |  |  | $ | 193,528 |
Provision for credit losses | 30,964 |  |  | (1,711 | ) |  | 29,253 |
Charge-offs | (37,783 | ) |  | — |  |  | (37,783 | )
Recoveries | 10,584 |  |  | — |  |  | 10,584 |
Balance, end of period | $ | 189,664 |  |  | $ | 5,918 |  |  | $ | 195,582 |
| Nine months ended September 30, 2018
| Retail |  | Wholesale |  | Total
Balance, beginning of period | $ | 186,254 |  |  | $ | 6,217 |  |  | $ | 192,471 |
Provision for credit losses | 72,350 |  |  | 112 |  |  | 72,462 |
Charge-offs | (107,717 | ) |  | (8 | ) |  | (107,725 | )
Recoveries | 36,239 |  |  | — |  |  | 36,239 |
Balance, end of period | $ | 187,126 |  |  | $ | 6,321 |  |  | $ | 193,447 |
| Nine months ended September 24, 2017
| Retail |  | Wholesale |  | Total
Balance, beginning of period | $ | 166,810 |  |  | $ | 6,533 |  |  | $ | 173,343 |
Provision for credit losses | 99,674 |  |  | (615 | ) |  | 99,059 |
Charge-offs | (114,081 | ) |  | — |  |  | (114,081 | )
Recoveries | 37,261 |  |  | — |  |  | 37,261 |
Balance, end of period | $ | 189,664 |  |  | $ | 5,918 |  |  | $ | 195,582 |
Aging of Past Due Finance Receivables Including Non-Accrual Status Finance Receivables | An analysis of the aging of past due finance receivables was as follows (in thousands):
| September 30, 2018
| Current |  | 31-60 Days Past Due |  | 61-90 Days Past Due |  | Greater than 90 Days Past Due |  | Total Past Due |  | Total Finance Receivables
Retail | $ | 6,304,096 |  |  | $ | 128,123 |  |  | $ | 44,808 |  |  | $ | 31,643 |  |  | $ | 204,574 |  |  | $ | 6,508,670 |
Wholesale | 987,563 |  |  | 500 |  |  | 115 |  |  | 161 |  |  | 776 |  |  | 988,339 |
Total | $ | 7,291,659 |  |  | $ | 128,623 |  |  | $ | 44,923 |  |  | $ | 31,804 |  |  | $ | 205,350 |  |  | $ | 7,497,009 |
| December 31, 2017
| Current |  | 31-60 Days Past Due |  | 61-90 Days Past Due |  | Greater than 90 Days Past Due |  | Total Past Due |  | Total Finance Receivables
Retail | $ | 5,913,473 |  |  | $ | 139,629 |  |  | $ | 47,539 |  |  | $ | 39,959 |  |  | $ | 227,127 |  |  | $ | 6,140,600 |
Wholesale | 1,016,000 |  |  | 595 |  |  | 245 |  |  | 117 |  |  | 957 |  |  | 1,016,957 |
Total | $ | 6,929,473 |  |  | $ | 140,224 |  |  | $ | 47,784 |  |  | $ | 40,076 |  |  | $ | 228,084 |  |  | $ | 7,157,557 |
| September 24, 2017
| Current |  | 31-60 Days Past Due |  | 61-90 Days Past Due |  | Greater than 90 Days Past Due |  | Total Past Due |  | Total Finance Receivables
Retail | $ | 6,132,997 |  |  | $ | 126,705 |  |  | $ | 44,083 |  |  | $ | 32,662 |  |  | $ | 203,450 |  |  | $ | 6,336,447 |
Wholesale | 958,429 |  |  | 329 |  |  | 95 |  |  | 1,307 |  |  | 1,731 |  |  | 960,160 |
Total | $ | 7,091,426 |  |  | $ | 127,034 |  |  | $ | 44,178 |  |  | $ | 33,969 |  |  | $ | 205,181 |  |  | $ | 7,296,607 |
Recorded Investment of Finance Receivables by Credit Quality Indicator | The recorded investment in retail finance receivables, by credit quality indicator, was as follows (in thousands):
| September 30, 2018 |  | December 31, 2017 |  | September 24, 2017
Prime | $ | 5,321,464 |  |  | $ | 4,966,193 |  |  | $ | 5,107,718 |
Sub-prime | 1,187,206 |  |  | 1,174,407 |  |  | 1,228,729 |
Total | $ | 6,508,670 |  |  | $ | 6,140,600 |  |  | $ | 6,336,447 |
The recorded investment in wholesale finance receivables, by internal credit quality indicator, was as follows (in thousands):
| September 30, 2018 |  | December 31, 2017 |  | September 24, 2017
Doubtful | $ | — |  |  | $ | 688 |  |  | $ | 4,666 |
Substandard | 8,953 |  |  | 3,837 |  |  | 8,724 |
Special Mention | 25,459 |  |  | 26,866 |  |  | 5,261 |
Medium Risk | 15,825 |  |  | 9,917 |  |  | 4,987 |
Low Risk | 938,102 |  |  | 975,649 |  |  | 936,522 |
Total | $ | 988,339 |  |  | $ | 1,016,957 |  |  | $ | 960,160 |

X
- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=82894031&loc=SL6953803-111525 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953659-111524 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5111-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953401-111524 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration