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Additional Balance Sheet and Cash Flow Information (Tables) | 9 Months Ended
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Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Marketable Securities | Investments in Marketable Securities – The Company’s investments in marketable securities consisted of the following (in thousands):
| September 30, 2024 |  | December 31, 2023 |  | September 30, 2023
Mutual funds | $ | 33,816 |  |  | $ | 34,079 |  |  | $ | 32,664 |
Schedule of Inventories, Net | Inventories, net consisted of the following (in thousands):
| September 30, 2024 |  | December 31, 2023 |  | September 30, 2023
Raw materials and work in process | $ | 299,296 |  |  | $ | 389,221 |  |  | $ | 333,107 |
Motorcycle finished goods | 399,699 |  |  | 514,964 |  |  | 405,714 |
Parts and accessories and apparel | 119,260 |  |  | 150,844 |  |  | 154,640 |
Inventory at lower of FIFO cost or net realizable value | 818,255 |  |  | 1,055,029 |  |  | 893,461 |
Excess of FIFO over LIFO cost | (136,391) |  |  | (125,078) |  |  | (124,696) |
| $ | 681,864 |  |  | $ | 929,951 |  |  | $ | 768,765 |
Schedule of Certificates of Deposit Maturity | Future maturities of the Company's certificates of deposit as of September 30, 2024 were as follows (in thousands):
2024 | $ | 33,551 |
2025 | 145,737 |
2026 | 236,489 |
2027 | 119,281 |
Thereafter | 15,200 |
Future maturities | 550,258 |
Unamortized fees | (1,248) |
| $ | 549,010 |
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 was as follows (in thousands):
| Nine months ended
| September 30, 2024 |  | September 30, 2023
Cash flows from operating activities: |  |  |
Net income | $ | 563,605 |  |  | $ | 671,762 |
Adjustments to reconcile Net income to Net cash provided by operating activities: |  |  |
Depreciation and amortization | 119,568 |  |  | 112,592 |
Amortization of deferred loan origination costs | 54,461 |  |  | 65,996 |
Amortization of financing origination fees | 10,363 |  |  | 9,734 |
Income related to long-term employee benefits | (40,076) |  |  | (50,373) |
Employee benefit plan contributions and payments | (3,781) |  |  | (2,668) |
Stock compensation expense | 39,820 |  |  | 64,538 |
Net change in wholesale finance receivables related to sales | (211,800) |  |  | (392,817) |
Provision for credit losses | 175,017 |  |  | 170,496 |
Deferred income taxes | (1,815) |  |  | (8,455) |
Other, net | 19,557 |  |  | (19,738) |
Changes in current assets and liabilities: |  |  |
Accounts receivable, net | (36,529) |  |  | (72,084) |
Finance receivables – accrued interest and other | 2,325 |  |  | 2,366 |
Inventories, net | 253,373 |  |  | 160,742 |
Accounts payable and accrued liabilities | (12,903) |  |  | 14,453 |
Other current assets | (530) |  |  | (19,777) |
| 367,050 |  |  | 35,005 |
Net cash provided by operating activities | $ | 930,655 |  |  | $ | 706,767 |

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