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Additional Balance Sheet and Cash Flow Information (Tables) | 12 Months Ended
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Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Marketable Securities | Investments in marketable securities consisted of the following at December 31, (in thousands):
| 2021 |  | 2020
Mutual funds | $ | 49,650 |  |  | $ | 52,061 |
Inventories, Net | Inventories, net consisted of the following as of December 31, (in thousands):
| 2021 |  | 2020
Raw materials and work in process | $ | 347,915 |  |  | $ | 211,979 |
Motorcycle finished goods | 345,956 |  |  | 281,132 |
Parts and accessories and apparel | 103,191 |  |  | 84,469 |
Inventory at lower of FIFO cost or net realizable value | 797,062 |  |  | 577,580 |
Excess of FIFO over LIFO cost | (84,120) |  |  | (54,083) |
| $ | 712,942 |  |  | $ | 523,497 |
Property, Plant and Equipment, at Cost | Property, plant and equipment, net consisted of the following as of December 31, (in thousands):
| 2021 |  | 2020
Land and related improvements | $ | 71,549 |  |  | $ | 69,518 |
Buildings and related improvements | 405,160 |  |  | 428,171 |
Machinery and equipment | 1,614,177 |  |  | 1,577,337 |
Software | 750,490 |  |  | 759,675 |
Construction in progress | 113,615 |  |  | 188,823 |
| 2,954,991 |  |  | 3,023,524 |
Accumulated depreciation | (2,271,007) |  |  | (2,279,740) |
| $ | 683,984 |  |  | $ | 743,784 |
Accrued Liabilities | Accrued liabilities consisted of the following as of December 31, (in thousands):
| 2021 |  | 2020
Payroll, employee benefits and related expenses | $ | 159,474 |  |  | $ | 107,511 |
Sales incentive programs | 42,980 |  |  | 52,820 |
Warranty and recalls | 39,635 |  |  | 44,415 |
Interest | 54,001 |  |  | 65,590 |
Tax-related accruals | 34,279 |  |  | 24,238 |
Deferred revenue | 18,293 |  |  | 18,070 |
Leases | 17,369 |  |  | 17,081 |
Fair value of derivative financial instruments | 2,361 |  |  | 25,521 |
Restructuring | 2,995 |  |  | 23,920 |
Other | 230,594 |  |  | 178,048 |
| $ | 601,981 |  |  | $ | 557,214 |
Time Deposit Maturities | Future maturities of the Company's certificates of deposit as of December 31, 2021 were as follows (in thousands):
2022 | $ | 72,475 |
2023 | 74,304 |
2024 | 64,696 |
2025 | — |
2026 | 79,742 |
Thereafter | — |
Unamortized fees | (891) |
| $ | 290,326 |
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):
| 2021 |  | 2020 |  | 2019
Cash flows from operating activities: |  |  |  |  |
Net income | $ | 650,024 |  |  | $ | 1,298 |  |  | $ | 423,635 |
Adjustments to reconcile Net income to Net cash provided by operating activities: |  |  |  |  |
Depreciation and amortization | 165,185 |  |  | 185,715 |  |  | 232,537 |
Amortization of deferred loan origination costs | 86,115 |  |  | 71,142 |  |  | 76,326 |
Amortization of financing origination fees | 13,810 |  |  | 14,435 |  |  | 9,823 |
Provision for long-term employee benefits | 8,317 |  |  | 40,833 |  |  | 13,344 |
Employee benefit plan contributions and payments | (17,133) |  |  | (20,722) |  |  | (13,256) |
Stock compensation expense | 42,156 |  |  | 23,494 |  |  | 33,733 |
Net change in wholesale finance receivables related to sales | 89,001 |  |  | 531,701 |  |  | (5,822) |
Provision for credit losses | 25,049 |  |  | 181,870 |  |  | 134,536 |
Deferred income taxes | (7,672) |  |  | (44,079) |  |  | 21,547 |
Other, net | (9,985) |  |  | 10,345 |  |  | 2,234 |
Changes in current assets and liabilities: |  |  |  |  |
Accounts receivable, net | (53,463) |  |  | 127,657 |  |  | 44,902 |
Finance receivables – accrued interest and other | 13,316 |  |  | 7,418 |  |  | (11,119) |
Inventories, net | (207,550) |  |  | 80,858 |  |  | (47,576) |
Accounts payable and accrued liabilities | 173,548 |  |  | (43,087) |  |  | (18,462) |
Other current assets | 4,983 |  |  | 9,012 |  |  | (28,110) |
| 325,677 |  |  | 1,176,592 |  |  | 444,637 |
Net cash provided by operating activities | $ | 975,701 |  |  | $ | 1,177,890 |  |  | $ | 868,272 |
Cash paid during the years ended December 31, for interest and income taxes was as follows (in thousands):
| 2021 |  | 2020 |  | 2019
Interest | $ | 191,663 |  |  | $ | 245,961 |  |  | $ | 229,678 |
Income taxes | $ | 155,579 |  |  | $ | 30,675 |  |  | $ | 149,828 |

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