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Additional Balance Sheet and Cash Flow Information (Tables)
 3 Months Ended
Mar. 31, 2013
Marketable Securities
The Company’s marketable securities consisted of the following (in thousands):
 
March 31,
2013
 
December 31,
2012
 
April 1,
2012
Available-for-sale:
 
 
 
 
 
Corporate bonds
$
135,246

 
$
135,634

 
$
134,946

 
$
135,246

 
$
135,634

 
$
134,946
Inventories Net
Inventories consist of the following (in thousands):
 
March 31,
2013
 
December 31,
2012
 
April 1,
2012
Components at the lower of FIFO cost or market
 
 
 
 
 
Raw materials and work in process
$
121,481

 
$
111,335

 
$
113,127

Motorcycle finished goods
203,275

 
205,660

 
252,979

Parts and accessories and general merchandise
137,184

 
122,418

 
145,362

Inventory at lower of FIFO cost or market
461,940

 
439,413

 
511,468

Excess of FIFO over LIFO cost
(45,890
)
 
(45,889
)
 
(43,527
)
 
$
416,050

 
$
393,524

 
$
467,941
Reconciliation Of Net Income To Net Cash Used By Operating Activities
The reconciliation of net income to net cash provided by operating activities is as follows (in thousands):
 
Three months ended
 
March 31,
2013
 
April 1,
2012
Cash flows from operating activities:
 
 
 
Net income
$
224,129

 
$
172,035

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Depreciation
42,850

 
43,203

Amortization of deferred loan origination costs
19,753

 
18,547

Amortization of financing origination fees
2,204

 
2,743

Provision for employee long-term benefits
16,684

 
17,293

Contributions to pension and postretirement plans
(182,047
)
 
(206,832
)
Stock compensation expense
11,096

 
11,744

Net change in wholesale finance receivables related to sales
(336,927
)
 
(151,046
)
Provision for credit losses
13,110

 
9,014

Foreign currency adjustments
9,846

 
(2,911
)
Other, net
(1,805
)
 
1,505

Changes in current assets and liabilities:
 
 
 
Accounts receivable, net
(36,165
)
 
(43,745
)
Finance receivables—accrued interest and other
1,246

 
3,299

Inventories
(28,613
)
 
(47,168
)
Accounts payable and accrued liabilities
79,861

 
117,460

Restructuring reserves
(12,388
)
 
1,296

Derivative instruments
(342
)
 
(486
)
Other
69,019

 
(19,567
)
Total adjustments
(332,618
)
 
(245,651
)
Net cash provided by operating activities
$
(108,489
)
 
$
(73,616
)