Additional Balance Sheet and Cash Flow Information (Tables)

6 Months Ended

Jun. 29, 2014

Supplemental Cash Flow Information [Abstract]

Marketable Securities

The Company’s marketable securities consisted of the following (in thousands):

	June 29, 2014		December 31, 2013		June 30, 2013
Available-for-sale: Corporate bonds	$	57,814	$	99,009	$	133,631
Trading securities: Mutual funds	33,567		30,172		22,193
	$	91,381	$	129,181	$	155,824

Inventories Net

Inventories consist of the following (in thousands):

	June 29, 2014			December 31, 2013			June 30, 2013
Components at the lower of FIFO cost or market
Raw materials and work in process	$	118,720		$	140,302		$	116,334
Motorcycle finished goods	179,314			205,416			111,188
Parts and accessories and general merchandise	122,289			127,515			126,084
Inventory at lower of FIFO cost or market	420,323			473,233			353,606
Excess of FIFO over LIFO cost	(48,726		)	(48,726		)	(45,889		)
	$	371,597		$	424,507		$	307,717

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):

	Six months ended
	June 29, 2014			June 30, 2013
Cash flows from operating activities:
Net income	$	620,070		$	495,868
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	87,123			83,406
Amortization of deferred loan origination costs	45,713			40,947
Amortization of financing origination fees	4,284			4,635
Provision for employee long-term benefits	16,854			33,382
Contributions to pension and postretirement plans	(14,035		)	(189,116		)
Stock compensation expense	20,768			21,061
Net change in wholesale finance receivables related to sales	(510,200		)	(293,293		)
Provision for credit losses	36,292			24,407
Loss on debt extinguishment	1,145			4,947
Deferred income taxes	(5,084		)	—
Foreign currency adjustments	(3,894		)	18,529
Other, net	9,332			(442		)
Changes in current assets and liabilities:
Accounts receivable, net	(25,643		)	(34,787		)
Finance receivables—accrued interest and other	(993		)	699
Inventories	58,741			69,475
Accounts payable and accrued liabilities	226,233			70,721
Restructuring reserves	—			(22,790		)
Derivative instruments	968			(1,557		)
Other	2,918			63,585
Total adjustments	(49,478		)	(106,191		)
Net cash provided by operating activities	$	570,592		$	389,677