Finance Receivables (Tables)

6 Months Ended

Jun. 30, 2013

Receivables [Abstract]

Finance Receivables

Finance receivables, net, consisted of the following (in thousands):

	June 30, 2013			December 31, 2012			July 1, 2012
Retail	$	5,248,289		$	5,073,115		$	5,225,779
Wholesale	1,088,621			816,404			905,038
	6,336,910			5,889,519			6,130,817
Allowance for credit losses	(111,324		)	(107,667		)	(114,248		)
	$	6,225,586		$	5,781,852		$	6,016,569

Changes In The Allowance For Credit Losses On Finance Receivables

The allowance for credit losses and finance receivables by portfolio, segregated by those amounts that are individually evaluated for impairment and those that are collectively evaluated for impairment, was as follows (in thousands):

	June 30, 2013
	Retail		Wholesale		Total
Allowance for credit losses, ending balance:
Individually evaluated for impairment	$	—	$	—	$	—
Collectively evaluated for impairment	103,770		7,554		111,324
Total allowance for credit losses	$	103,770	$	7,554	$	111,324
Finance receivables, ending balance:
Individually evaluated for impairment	$	—	$	—	$	—
Collectively evaluated for impairment	5,248,289		1,088,621		6,336,910
Total finance receivables	$	5,248,289	$	1,088,621	$	6,336,910
	December 31, 2012
	Retail		Wholesale		Total
Allowance for credit losses, ending balance:
Individually evaluated for impairment	$	—	$	—	$	—
Collectively evaluated for impairment	101,442		6,225		107,667
Total allowance for credit losses	$	101,442	$	6,225	$	107,667
Finance receivables, ending balance:
Individually evaluated for impairment	$	—	$	—	$	—
Collectively evaluated for impairment	5,073,115		816,404		5,889,519
Total finance receivables	$	5,073,115	$	816,404	$	5,889,519
	July 1, 2012
	Retail		Wholesale		Total
Allowance for credit losses, ending balance:
Individually evaluated for impairment	$	—	$	—	$	—
Collectively evaluated for impairment	106,180		8,068		114,248
Total allowance for credit losses	$	106,180	$	8,068	$	114,248
Finance receivables, ending balance:
Individually evaluated for impairment	$	—	$	—	$	—
Collectively evaluated for impairment	5,225,779		905,038		6,130,817
Total finance receivables	$	5,225,779	$	905,038	$	6,130,817

Changes in the allowance for credit losses on finance receivables by portfolio were as follows (in thousands):

	Three months ended June 30, 2013
	Retail			Wholesale			Total
Balance, beginning of period	$	98,542		$	8,250		$	106,792
Provision for credit losses	11,993			(696		)	11,297
Charge-offs	(18,166		)	—			(18,166		)
Recoveries	11,401			—			11,401
Balance, end of period	$	103,770		$	7,554		$	111,324
	Three months ended July 1, 2012
	Retail			Wholesale			Total
Balance, beginning of period	$	112,857		$	9,646		$	122,503
Provision for credit losses	(3,681		)	(1,578		)	(5,259		)
Charge-offs	(17,054		)	—			(17,054		)
Recoveries	14,058			—			14,058
Balance, end of period	$	106,180		$	8,068		$	114,248
	Six months ended June 30, 2013
	Retail			Wholesale			Total
Balance, beginning of period	$	101,442		$	6,225		$	107,667
Provision for credit losses	23,078			1,329			24,407
Charge-offs	(43,409		)	—			(43,409		)
Recoveries	22,659			—			22,659
Balance, end of period	$	103,770		$	7,554		$	111,324
	Six months ended July 1, 2012
	Retail			Wholesale			Total
Balance, beginning of period	$	116,112		$	9,337		$	125,449
Provision for credit losses	5,023			(1,269		)	3,754
Charge-offs	(42,906		)	—			(42,906		)
Recoveries	27,951			—			27,951
Balance, end of period	$	106,180		$	8,068		$	114,248

Aging Of Past Due Finance Receivables Including Non-Accrual Status Finance Receivables

An analysis of the aging of past due finance receivables was as follows (in thousands):

	June 30, 2013
	Current		31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Total Finance Receivables
Retail	$	5,119,572	$	90,790	$	24,023	$	13,904	$	128,717	$	5,248,289
Wholesale	1,087,607		507		281		226		1,014		1,088,621
Total	$	6,207,179	$	91,297	$	24,304	$	14,130	$	129,731	$	6,336,910
	December 31, 2012
	Current		31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Total Finance Receivables
Retail	$	4,894,675	$	113,604	$	37,239	$	27,597	$	178,440	$	5,073,115
Wholesale	814,706		984		278		436		1,698		816,404
Total	$	5,709,381	$	114,588	$	37,517	$	28,033	$	180,138	$	5,889,519
	July 1, 2012
	Current		31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Total Finance Receivables
Retail	$	5,101,847	$	84,858	$	24,247	$	14,827	$	123,932	$	5,225,779
Wholesale	902,891		1,125		468		554		2,147		905,038
Total	$	6,004,738	$	85,983	$	24,715	$	15,381	$	126,079	$	6,130,817

Recorded Investment Of Retail Finance Receivables By Credit Quality Indicator

The recorded investment of retail finance receivables, by credit quality indicator, was as follows (in thousands):

	June 30, 2013		December 31, 2012		July 1, 2012
Prime	$	4,128,450	$	4,035,584	$	4,181,527
Sub-prime	1,119,839		1,037,531		1,044,252
Total	$	5,248,289	$	5,073,115	$	5,225,779

The recorded investment of wholesale finance receivables, by internal credit quality indicator, was as follows (in thousands):

	June 30, 2013		December 31, 2012		July 1, 2012
Doubtful	$	3,958	$	8,107	$	9,467
Substandard	14,187		2,593		5,902
Special Mention	2,929		3,504		7,897
Medium Risk	10,041		8,451		808
Low Risk	1,057,506		793,749		880,964
Total	$	1,088,621	$	816,404	$	905,038