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Additional Balance Sheet and Cash Flow Information (Tables) | 3 Months Ended
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Mar. 28, 2021
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):
| March 28, 2021 |  | December 31, 2020 |  | March 29, 2020
Mutual funds | $ | 50,239 |  |  | $ | 52,061 |  |  | $ | 44,144 |
Inventories, Net | Inventories, net consisted of the following (in thousands):
| March 28, 2021 |  | December 31, 2020 |  | March 29, 2020
Raw materials and work in process | $ | 251,199 |  |  | $ | 211,979 |  |  | $ | 245,384 |
Motorcycle finished goods | 185,590 |  |  | 281,132 |  |  | 272,648 |
Parts & Accessories and General Merchandise | 88,291 |  |  | 84,469 |  |  | 149,318 |
Inventory at lower of FIFO cost or net realizable value | 525,080 |  |  | 577,580 |  |  | 667,350 |
Excess of FIFO over LIFO cost | (54,083) |  |  | (54,083) |  |  | (56,426) |
| $ | 470,997 |  |  | $ | 523,497 |  |  | $ | 610,924 |
Reconciliation of Net Cash Provided by Operating Activities | The reconciliation of Net income to Net cash provided (used) by operating activities was as follows (in thousands):
| Three months ended
| March 28, 2021 |  | March 29, 2020
Cash flows from operating activities: |  |  |
Net income | $ | 259,144 |  |  | $ | 69,695 |
Adjustments to reconcile Net income to Net cash provided (used) by operating activities: |  |  |
Depreciation and amortization | 40,221 |  |  | 47,427 |
Amortization of deferred loan origination costs | 19,200 |  |  | 16,739 |
Amortization of financing origination fees | 3,614 |  |  | 2,999 |
Provision for long-term employee benefits | 7,090 |  |  | 7,852 |
Employee benefit plan contributions and payments | (9,885) |  |  | (1,608) |
Stock compensation expense | 8,968 |  |  | 3,896 |
Net change in wholesale finance receivables related to sales | (308,532) |  |  | (208,183) |
Provision for credit losses | (22,474) |  |  | 79,419 |
Deferred income taxes | 13,192 |  |  | (3,803) |
Other, net | 1,171 |  |  | 3,579 |
Changes in current assets and liabilities: |  |  |
Accounts receivable, net | (79,012) |  |  | (47,272) |
Finance receivables – accrued interest and other | 8,947 |  |  | 4,007 |
Inventories, net | 45,086 |  |  | (23,943) |
Accounts payable and accrued liabilities | 153,597 |  |  | 10,562 |
Derivative financial instruments | (3,309) |  |  | 2,812 |
Other | 25,763 |  |  | 27,240 |
| (96,363) |  |  | (78,277) |
Net cash provided (used) by operating activities | $ | 162,781 |  |  | $ | (8,582) |
Certificates of Deposit Maturity | Future maturities of the Company's certificates of deposit as of March 28, 2021 were as follows (in thousands):
2021 | $ | 80,000 |
2022 | 14,000 |
2023 | 7,000 |
2024 | 22,000 |
2025 | — |
Thereafter | 30,000 |
Unamortized fees | (347) |
| $ | 152,653 |

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