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Additional Balance Sheet and Cash Flow Information (Tables) | 3 Months Ended
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Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Marketable Securities | The Company’s marketable securities consisted of the following (in thousands):
| March 31, 2019 |  | December 31, 2018 |  | April 1, 2018
Debt securities | $ | 10,003 |  |  | $ | 10,007 |  |  | $ | — |
Mutual funds | 49,896 |  |  | 44,243 |  |  | 49,402 |
Total marketable securities | $ | 59,899 |  |  | $ | 54,250 |  |  | $ | 49,402 |
Inventories Net | Inventories consisted of the following (in thousands):
| March 31, 2019 |  | December 31, 2018 |  | April 1, 2018
Raw materials and work in process | $ | 204,759 |  |  | $ | 177,110 |  |  | $ | 177,652 |
Motorcycle finished goods | 304,386 |  |  | 301,630 |  |  | 289,046 |
Parts & accessories and general merchandise | 145,300 |  |  | 136,027 |  |  | 150,228 |
Inventory at lower of FIFO cost or net realizable value | 654,445 |  |  | 614,767 |  |  | 616,926 |
Excess of FIFO over LIFO cost | (58,639 | ) |  | (58,639 | ) |  | (52,355 | )
Total inventories, net | $ | 595,806 |  |  | $ | 556,128 |  |  | $ | 564,571 |
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
| March 31, 2019 |  | April 1, 2018
Cash flows from operating activities: |  |  |
Net income | $ | 127,945 |  |  | $ | 174,763 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Depreciation and amortization of intangibles | 64,372 |  |  | 62,473 |
Amortization of deferred loan origination costs | 18,968 |  |  | 20,116 |
Amortization of financing origination fees | 2,194 |  |  | 2,028 |
Provision for long-term employee benefits | 3,156 |  |  | 9,747 |
Employee benefit plan contributions and payments | (2,507 | ) |  | (5,486 | )
Stock compensation expense | 6,537 |  |  | 7,962 |
Net change in wholesale finance receivables related to sales | (237,569 | ) |  | (239,902 | )
Provision for credit losses | 34,491 |  |  | 30,052 |
Deferred income taxes | 5,981 |  |  | 3,188 |
Other, net | 2,731 |  |  | (1,902 | )
Changes in current assets and liabilities: |  |  |
Accounts receivable, net | (49,746 | ) |  | (17,688 | )
Finance receivables - accrued interest and other | 92 |  |  | 4,758 |
Inventories | (40,600 | ) |  | (21,542 | )
Accounts payable and accrued liabilities | 123,975 |  |  | 148,923 |
Derivative instruments | 867 |  |  | 702 |
Other | (28,216 | ) |  | 13,402 |
Total adjustments | (95,274 | ) |  | 16,831 |
Net cash provided by operating activities | $ | 32,671 |  |  | $ | 191,594 |

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