XML 77 R31.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The following tables illustrate the impact of adoption of ASU 2014-09 on the consolidated statement of income and the consolidated balance sheet (in thousands): Consolidated Statement of Income
|  | Twelve months ended December 31, 2018
|  | As Reported |  | Without Adoption of ASC 606 |  | Effect of Change
Revenue: |  |  |  |  |  |
Motorcycles and Related Products |  | $ | 4,968,646 |  |  | $ | 4,969,948 |  |  | $ | (1,302 | )
Costs and expenses: |  |  |  |  |  |
Motorcycles and Related Products cost of goods sold |  | $ | 3,351,796 |  |  | $ | 3,348,779 |  |  | $ | 3,017 |
Operating income |  | $ | 713,523 |  |  | $ | 717,842 |  |  | $ | (4,319 | )
Income before provision for income taxes |  | $ | 686,629 |  |  | $ | 690,948 |  |  | $ | (4,319 | )
Provision for income taxes |  | $ | 155,178 |  |  | $ | 156,225 |  |  | $ | (1,047 | )
Net income |  | $ | 531,451 |  |  | $ | 534,723 |  |  | $ | (3,272 | )
Consolidated Balance Sheet
| December 31, 2018
| As Reported |  | Without Adoption of ASC 606 |  | Effect of Change
ASSETS |  |  |  |  |
Other current assets | $ | 144,368 |  |  | $ | 163,841 |  |  | $ | (19,473 | )
Deferred income taxes | $ | 141,464 |  |  | $ | 143,312 |  |  | $ | (1,848 | )
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |
Accrued liabilities | $ | 601,130 |  |  | $ | 625,203 |  |  | $ | (24,073 | )
Retained earnings | $ | 2,007,583 |  |  | $ | 2,004,831 |  |  | $ | 2,752 |
Marketable Securities | Marketable Securities – The Company’s marketable securities consisted of the following at December 31 (in thousands):
|  | 2018 |  | 2017
Certificate of deposit |  | $ | 10,007 |  |  | $ | — |
Mutual funds |  | 44,243 |  |  | 48,006 |
Total marketable securities |  | $ | 54,250 |  |  | $ | 48,006 |
Changes In Warranty And Safety Recall Liability | Changes in the Company’s warranty and recall liability were as follows (in thousands):
|  | 2018 |  | 2017 |  | 2016
Balance, beginning of period |  | $ | 94,200 |  |  | $ | 79,482 |  |  | $ | 74,217 |
Warranties issued during the period |  | 53,367 |  |  | 57,834 |  |  | 60,215 |
Settlements made during the period |  | (79,300 | ) |  | (82,554 | ) |  | (99,298 | )
Recalls and changes to pre-existing warranty liabilities |  | 63,473 |  |  | 39,438 |  |  | 44,348 |
Balance, end of period |  | $ | 131,740 |  |  | $ | 94,200 |  |  | $ | 79,482 |

X
- Definition Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets. + References No definition available. + Details
Name: | us-gaap_MarketableSecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01.(b)(6)) -URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22580-107794 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e725-108305 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249 + Details
Name: | us-gaap_ScheduleOfProductWarrantyLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration