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Product Warranty and Recall Campaigns | 3 Months Ended
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Mar. 28, 2021
Product Warranties Disclosures [Abstract] |
Product Warranty and Recall Campaigns | Product Warranty and Recall CampaignsThe Company currently provides a standard two-year limited warranty on all new motorcycles sold worldwide, except in Japan, where the Company currently provides a standard three-year limited warranty. The Company also provides a five-year unlimited warranty on the battery for electric motorcycles. In addition, the Company provides a one-year warranty for parts and accessories. The warranty coverage for the retail customer generally begins when the product is sold to a retail customer. The Company accrues for future warranty claims at the time of sale using an estimated cost based primarily on historical Company claim information. Additionally, the Company has from time to time initiated certain voluntary recall campaigns. The Company records estimated recall costs when the liability is both probable and estimable. This generally occurs when the Company's management approves and commits to a recall. The warranty and recall liability is included in Accrued liabilities and Other long-term liabilities on the Consolidated balance sheets. Changes in the Company’s warranty and recall liabilities were as follows (in thousands):
| Three months ended |  |
| March 28, 2021 |  | March 29, 2020 |  |  |  |
Balance, beginning of period | $ | 69,208 |  |  | $ | 89,793 |  |  |  |  |
Warranties issued during the period | 11,672 |  |  | 11,025 |  |  |  |  |
Settlements made during the period | (8,585) |  |  | (14,157) |  |  |  |  |
Recalls and changes to pre-existing warranty liabilities | 132 |  |  | (353) |  |  |  |  |
Balance, end of period | $ | 72,427 |  |  | $ | 86,308 |  |  |  |  |
The liability for recall campaigns, included in the balance above, was $25.3 million, $24.7 million and $33.6 million at March 28, 2021, December 31, 2020 and March 29, 2020, respectively.

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- Definition The entire disclosure for standard and extended product warranties and other product guarantee contracts, including a tabular reconciliation of the changes in the guarantor's aggregate product warranty liability for the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -URI http://asc.fasb.org/topic&trid=2155896 + Details
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