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Additional Balance Sheet and Cash Flow Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Marketable Securities | Investments in marketable securities consisted of the following at December 31, (in thousands):
| 2020 |  | 2019
Mutual funds | $ | 52,061 |  |  | $ | 52,575 |
Inventories, Net | Inventories, net consisted of the following as of December 31, (in thousands):
| 2020 |  | 2019
Raw materials and work in process | $ | 211,979 |  |  | $ | 235,433 |
Motorcycle finished goods | 281,132 |  |  | 280,306 |
Parts & Accessories and General Merchandise | 84,469 |  |  | 144,258 |
Inventory at lower of FIFO cost or net realizable value | 577,580 |  |  | 659,997 |
Excess of FIFO over LIFO cost | (54,083) |  |  | (56,426) |
| $ | 523,497 |  |  | $ | 603,571 |
Property, Plant and Equipment, at Cost | Property, plant and equipment, net consisted of the following as of December 31, (in thousands):
| 2020 |  | 2019
Land and related improvements | $ | 69,518 |  |  | $ | 75,798 |
Buildings and related improvements | 428,171 |  |  | 507,178 |
Machinery and equipment | 1,577,337 |  |  | 1,609,582 |
Software | 759,675 |  |  | 750,978 |
Construction in progress | 188,823 |  |  | 148,805 |
| 3,023,524 |  |  | 3,092,341 |
Accumulated depreciation | (2,279,740) |  |  | (2,244,959) |
| $ | 743,784 |  |  | $ | 847,382 |
Accrued Liabilities | Accrued liabilities consisted of the following as of December 31, (in thousands):
| 2020 |  | 2019
Payroll, employee benefits and related expenses | $ | 107,511 |  |  | $ | 113,621 |
Sales incentive programs | 52,820 |  |  | 73,354 |
Warranty and recalls | 44,415 |  |  | 57,068 |
Accrued interest | 65,590 |  |  | 49,213 |
Tax-related accruals | 24,238 |  |  | 29,871 |
Leases | 17,081 |  |  | 19,013 |
Fair value of derivative financial instruments | 25,521 |  |  | 13,934 |
Restructuring | 23,920 |  |  | 867 |
Other | 196,118 |  |  | 225,347 |
| $ | 557,214 |  |  | $ | 582,288 |
Schedule of Cash Flow, Supplemental Disclosures | The reconciliation of Net income to Net cash provided by operating activities for the years ended December 31, was as follows (in thousands):
| 2020 |  | 2019 |  | 2018
Cash flows from operating activities: |  |  |  |  |
Net income | $ | 1,298 |  |  | $ | 423,635 |  |  | $ | 531,451 |
Adjustments to reconcile Net income to Net cash provided by operating activities: |  |  |  |  |
Depreciation and amortization | 185,715 |  |  | 232,537 |  |  | 264,863 |
Amortization of deferred loan origination costs | 71,142 |  |  | 76,326 |  |  | 81,315 |
Amortization of financing origination fees | 14,435 |  |  | 9,823 |  |  | 8,367 |
Provision for long-term employee benefits | 40,833 |  |  | 13,344 |  |  | 36,481 |
Employee benefit plan contributions and payments | (20,722) |  |  | (13,256) |  |  | (10,544) |
Stock compensation expense | 23,494 |  |  | 33,733 |  |  | 35,539 |
Net change in wholesale finance receivables related to sales | 531,701 |  |  | (5,822) |  |  | (56,538) |
Provision for credit losses | 181,870 |  |  | 134,536 |  |  | 106,870 |
Deferred income taxes | (44,079) |  |  | 21,547 |  |  | (33,981) |
Other, net | 13,826 |  |  | 298 |  |  | 37,554 |
Changes in current assets and liabilities: |  |  |  |  |
Accounts receivable, net | 127,657 |  |  | 44,902 |  |  | 9,143 |
Finance receivables – accrued interest and other | 7,418 |  |  | (11,119) |  |  | 773 |
Inventories, net | 80,858 |  |  | (47,576) |  |  | (31,059) |
Accounts payable and accrued liabilities | (43,087) |  |  | (18,462) |  |  | 196,192 |
Derivative financial instruments | (3,481) |  |  | 1,936 |  |  | 473 |
Other | 9,012 |  |  | (28,110) |  |  | 29,022 |
| 1,176,592 |  |  | 444,637 |  |  | 674,470 |
Net cash provided by operating activities | $ | 1,177,890 |  |  | $ | 868,272 |  |  | $ | 1,205,921 |
Cash paid during the years ended December 31, for interest and income taxes was as follows (in thousands):
| 2020 |  | 2019 |  | 2018
Interest | $ | 245,961 |  |  | $ | 229,678 |  |  | $ | 207,484 |
Income taxes | $ | 30,675 |  |  | $ | 149,828 |  |  | $ | 149,436 |

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