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Additional Balance Sheet and Cash Flow Information (Tables) | 6 Months Ended
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Jun. 30, 2025
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):
| June 30, 2025 |  | December 31, 2024 |  | June 30, 2024
Mutual funds | $ | 32,854 |  |  | $ | 32,070 |  |  | $ | 34,392 |
Schedule of Inventories, Net | Inventories, net consisted of the following (in thousands):
| June 30, 2025 |  | December 31, 2024 |  | June 30, 2024
Raw materials and work in process | $ | 322,451 |  |  | $ | 353,819 |  |  | $ | 297,580 |
Motorcycle finished goods | 333,347 |  |  | 411,442 |  |  | 368,692 |
Parts and accessories and apparel | 108,495 |  |  | 110,591 |  |  | 133,477 |
Inventory at lower of FIFO cost or net realizable value | 764,293 |  |  | 875,852 |  |  | 799,749 |
Excess of FIFO over LIFO cost | (134,006) |  |  | (130,059) |  |  | (130,825) |
| $ | 630,287 |  |  | $ | 745,793 |  |  | $ | 668,924 |
Schedule of Certificates of Deposit Maturity | Future maturities of the Company's certificates of deposit as of June 30, 2025 were as follows (in thousands):
2025 | 51,507 |
2026 | 264,989 |
2027 | 169,032 |
2028 | 18,500 |
2029 | 15,200 |
Thereafter | 19,790 |
Future maturities | 539,018 |
Unamortized fees | (1,134) |
| $ | 537,884 |
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):
| Six months ended
| June 30, 2025 |  | June 30, 2024
Cash flows from operating activities: |  |  |
Net income | $ | 236,542 |  |  | $ | 447,639 |
Adjustments to reconcile Net income to Net cash provided by operating activities: |  |  |
Depreciation and amortization | 82,129 |  |  | 80,376 |
Amortization of deferred loan origination costs | 32,489 |  |  | 36,466 |
Amortization of financing origination fees | 6,630 |  |  | 6,793 |
Income related to long-term employee benefits | (27,526) |  |  | (26,143) |
Employee benefit plan contributions and payments | (3,256) |  |  | (2,593) |
Stock compensation expense | 17,407 |  |  | 28,995 |
Net change in wholesale finance receivables related to sales | (145,174) |  |  | (388,030) |
Provision for credit losses | 103,072 |  |  | 117,040 |
Deferred income taxes | 13,856 |  |  | 146 |
Other, net | 1,592 |  |  | 14,965 |
Changes in current assets and liabilities: |  |  |
Accounts receivable, net | (66,851) |  |  | (65,927) |
Finance receivables – accrued interest and other | 4,999 |  |  | 2,759 |
Inventories, net | 142,996 |  |  | 235,539 |
Accounts payable and accrued liabilities | 136,098 |  |  | 64,166 |
Other current assets | (25,511) |  |  | 25,451 |
| 272,950 |  |  | 130,003 |
Net cash provided by operating activities | $ | 509,492 |  |  | $ | 577,642 |

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