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Additional Balance Sheet and Cash Flow Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Marketable Securities | Investments in marketable securities consisted of the following at December 31, (in thousands):
| 2022 |  | 2021
Mutual funds | $ | 33,071 |  |  | $ | 49,650 |
Schedule of Inventories, Net | Inventories, net consisted of the following as of December 31, (in thousands):
| 2022 |  | 2021
Raw materials and work in process | $ | 331,380 |  |  | $ | 347,915 |
Motorcycle finished goods | 549,041 |  |  | 345,956 |
Parts and accessories and apparel | 187,039 |  |  | 103,191 |
Inventory at lower of FIFO cost or net realizable value | 1,067,460 |  |  | 797,062 |
Excess of FIFO over LIFO cost | (116,500) |  |  | (84,120) |
| $ | 950,960 |  |  | $ | 712,942 |
Schedule of Property, Plant and Equipment, at Cost | Property, plant and equipment, net consisted of the following as of December 31, (in thousands):
| 2022 |  | 2021
Land and related improvements | $ | 71,360 |  |  | $ | 71,549 |
Buildings and related improvements | 411,859 |  |  | 405,160 |
Machinery and equipment | 1,507,224 |  |  | 1,614,177 |
Software | 705,013 |  |  | 750,490 |
Construction in progress | 189,492 |  |  | 113,615 |
| 2,884,948 |  |  | 2,954,991 |
Accumulated depreciation | (2,195,062) |  |  | (2,271,007) |
| $ | 689,886 |  |  | $ | 683,984 |
Schedule of Accrued Liabilities | Accrued liabilities consisted of the following as of December 31, (in thousands):
| 2022 |  | 2021
Payroll, employee benefits and related expenses | $ | 108,980 |  |  | $ | 159,474 |
Sales incentive programs | 50,298 |  |  | 42,980 |
Warranty and recalls | 46,707 |  |  | 39,635 |
Interest | 55,670 |  |  | 54,001 |
Tax-related accruals | 51,730 |  |  | 34,279 |
Deferred revenue | 17,615 |  |  | 18,293 |
Leases | 16,208 |  |  | 17,369 |
Fair value of derivative financial instruments | 26,022 |  |  | 2,361 |
Restructuring | — |  |  | 2,995 |
Other | 247,715 |  |  | 230,594 |
| $ | 620,945 |  |  | $ | 601,981 |
Schedule of Time Deposit Maturities | Future maturities of the Company's certificates of deposit as of December 31, 2022 were as follows (in thousands):
2023 | 80,106 |
2024 | 80,378 |
2025 | 24,006 |
2026 | 79,742 |
2027 | 54,158 |
Thereafter | — |
Future maturities | 318,390 |
Unamortized fees | (1,015) |
| $ | 317,375 |
Schedule of Reconciliation of Net Cash Provided by Operating Activities | Operating Cash Flow – The reconciliation of Net income to Net cash provided by operating activities for the years ended December 31, was as follows (in thousands):
| 2022 |  | 2021 |  | 2020
Cash flows from operating activities: |  |  |  |  |
Net income | $ | 739,214 |  |  | $ | 650,024 |  |  | $ | 1,298 |
Adjustments to reconcile Net income to Net cash provided by operating activities: |  |  |  |  |
Depreciation and amortization | 151,942 |  |  | 165,185 |  |  | 185,715 |
Amortization of deferred loan origination costs | 94,914 |  |  | 86,115 |  |  | 71,142 |
Amortization of financing origination fees | 15,105 |  |  | 13,810 |  |  | 14,435 |
Provision for long-term employee benefits | (21,891) |  |  | 8,317 |  |  | 40,833 |
Employee benefit plan contributions and payments | (14,320) |  |  | (17,133) |  |  | (20,722) |
Stock compensation expense | 54,353 |  |  | 42,156 |  |  | 23,494 |
Net change in wholesale finance receivables related to sales | (198,623) |  |  | 89,001 |  |  | 531,701 |
Provision for credit losses | 145,133 |  |  | 25,049 |  |  | 181,870 |
Deferred income taxes | (15,936) |  |  | (7,672) |  |  | (44,079) |
Other, net | (13,027) |  |  | (9,985) |  |  | 10,345 |
Changes in current assets and liabilities: |  |  |  |  |
Accounts receivable, net | (82,385) |  |  | (53,463) |  |  | 127,657 |
Finance receivables – accrued interest and other | 414 |  |  | 13,316 |  |  | 7,418 |
Inventories, net | (254,170) |  |  | (207,550) |  |  | 80,858 |
Accounts payable and accrued liabilities | 4,503 |  |  | 173,548 |  |  | (43,087) |
Other current assets | (56,765) |  |  | 4,983 |  |  | 9,012 |
| (190,753) |  |  | 325,677 |  |  | 1,176,592 |
Net cash provided by operating activities | $ | 548,461 |  |  | $ | 975,701 |  |  | $ | 1,177,890 |
Cash paid during the years ended December 31, for interest and income taxes was as follows (in thousands):
| 2022 |  | 2021 |  | 2020
Interest | $ | 231,651 |  |  | $ | 191,663 |  |  | $ | 245,961 |
Income taxes | $ | 244,374 |  |  | $ | 155,579 |  |  | $ | 30,675 |

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