XML 48 R35.htm IDEA: XBRL DOCUMENT
v3.20.2

Additional Balance Sheet and Cash Flow Information (Tables) | 6 Months Ended
--- | ---
Jun. 28, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Marketable Securities | Investments in Marketable Securities – The Company’s investments in marketable securities consisted of the following (in thousands):
| June 28, 2020 |  | December 31, 2019 |  | June 30, 2019
Mutual funds | $ | 48,725 |  |  | $ | 52,575 |  |  | $ | 51,543 |
Inventories, Net | Inventories, net consisted of the following (in thousands):
| June 28, 2020 |  | December 31, 2019 |  | June 30, 2019
Raw materials and work in process | $ | 199,300 |  |  | $ | 235,433 |  |  | $ | 161,828 |
Motorcycle finished goods | 180,895 |  |  | 280,306 |  |  | 218,069 |
Parts & accessories and general merchandise | 105,570 |  |  | 144,258 |  |  | 149,352 |
Inventory at lower of FIFO cost or net realizable value | 485,765 |  |  | 659,997 |  |  | 529,249 |
Excess of FIFO over LIFO cost | (56,426) |  |  | (56,426) |  |  | (58,639) |
| $ | 429,339 |  |  | $ | 603,571 |  |  | $ | 470,610 |
Reconciliation of Net Cash Provided by Operating Activities | The reconciliation of Net (loss) income to Net cash provided by operating activities was as follows (in thousands):
| Six months ended |  |
| June 28, 2020 |  | June 30, 2019
Cash flows from operating activities: |  |  |
Net (loss) income | $ | (22,522) |  |  | $ | 323,576 |
Adjustments to reconcile Net (loss) income to Net cash provided by operating activities: |  |  |
Depreciation and amortization | 95,454 |  |  | 125,386 |
Amortization of deferred loan origination costs | 33,796 |  |  | 38,036 |
Amortization of financing origination fees | 6,661 |  |  | 4,522 |
Provision for long-term employee benefits | 15,704 |  |  | 6,936 |
Employee benefit plan contributions and payments | (3,678) |  |  | (3,637) |
Stock compensation expense | 4,568 |  |  | 17,285 |
Net change in wholesale finance receivables related to sales | 166,049 |  |  | (167,594) |
Provision for credit losses | 170,598 |  |  | 60,874 |
Deferred income taxes | (19,461) |  |  | 5,368 |
Other, net | (9,294) |  |  | (10,477) |
Changes in current assets and liabilities: |  |  |
Accounts receivable, net | (15,747) |  |  | (17,592) |
Finance receivables – accrued interest and other | (2,985) |  |  | (4,963) |
Inventories, net | 163,700 |  |  | 88,146 |
Accounts payable and accrued liabilities | 10,664 |  |  | 34,370 |
Derivative financial instruments | 1,538 |  |  | 4,352 |
Other | 15,158 |  |  | (8,356) |
| 632,725 |  |  | 172,656 |
Net cash provided by operating activities | $ | 610,203 |  |  | $ | 496,232 |

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

X
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 + Details
Name: | us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration