Additional Balance Sheet And Cash Flow Information (Tables)

12 Months Ended

Dec. 31, 2013

Inventories, net (in thousands):



	2013			2012
Components at the lower of FIFO cost or market
Raw materials and work in process	$	140,302		$	111,335
Motorcycle finished goods	205,416			205,660
Parts and accessories and general merchandise	127,515			122,418
Inventory at lower of FIFO cost or market	473,233			439,413
Excess of FIFO over LIFO cost	(48,726		)	(45,889		)
	$	424,507		$	393,524

Property, plant and equipment, at cost (in thousands):



	2013			2012
Land and related improvements	$	56,146		$	57,801
Buildings and related improvements	424,485			417,316
Machinery and equipment	2,153,755			2,042,484
Construction in progress	168,598			167,243
	2,802,984			2,684,844
Accumulated depreciation	(1,960,507		)	(1,869,380		)
	$	842,477		$	815,464

Accrued liabilities (in thousands):



	2013		2012
Payroll, employee benefits and related expenses	$	166,346	$	215,461
Restructuring reserves	2,181		27,223
Warranty and recalls	46,571		60,263
Sales incentive programs	42,541		43,938
Tax-related accruals	21,970		19,923
Fair value of derivative financial instruments	3,925		7,920
Other	143,801		138,863
	$	427,335	$	513,591

The reconciliation of net income to net cash provided by operating activities of continuing operations is as follows (in thousands):



	2013			2012			2011
Cash flows from operating activities:
Net income	$	733,993		$	623,925		$	599,114
Income from discontinued operations	—			—			51,036
Income from continuing operations	733,993			623,925			548,078
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	167,072			168,978			180,408
Amortization of deferred loan origination costs	86,181			78,592			78,695
Amortization of financing origination fees	9,376			9,969			10,790
Provision for employee long-term benefits	66,877			71,347			59,441
Contributions to pension and postretirement plans	(204,796		)	(244,416		)	(219,695		)
Stock compensation expense	41,244			40,815			38,192
Net change in wholesale finance receivables related to sales	28,865			2,513			(2,335		)
Provision for credit losses	60,008			22,239			17,031
Loss on debt extinguishment	4,947			4,323			9,608
Pension and postretirement healthcare plan curtailment and settlement expense	—			6,242			236
Deferred income taxes	52,580			128,452			87,873
Foreign currency adjustments	16,269			9,773			10,678
Other, net	10,123			(7,216		)	(15,807		)
Changes in current assets and liabilities:
Accounts receivable, net	(36,653		)	(13,690		)	43,050
Finance receivables – accrued interest and other	(346		)	(4		)	5,027
Inventories	(46,474		)	21,459			(94,957		)
Accounts payable and accrued liabilities	(53,623		)	(10,798		)	120,291
Restructuring reserves	(25,042		)	(16,087		)	8,072
Derivative instruments	(2,189		)	2,758			(2,488		)
Prepaid and other	68,681			(97,716		)	3,103
Total adjustments	243,100			177,533			337,213
Net cash provided by operating activities of continuing operations	$	977,093		$	801,458		$	885,291

Cash paid during the period for interest and income taxes (in thousands):