Additional Balance Sheet and Cash Flow Information (Tables)

9 Months Ended

Sep. 28, 2014

Supplemental Cash Flow Information [Abstract]

Marketable Securities

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

	September 28, 2014		December 31, 2013		September 29, 2013
Available-for-sale: Corporate bonds	$	57,579	$	99,009	$	122,234
Trading securities: Mutual funds	32,727		30,172		23,277
	$	90,306	$	129,181	$	145,511

Inventories Net

Inventories consist of the following (in thousands):

	September 28, 2014			December 31, 2013			September 29, 2013
Components at the lower of FIFO cost or market
Raw materials and work in process	$	148,267		$	140,302		$	130,510
Motorcycle finished goods	242,133			205,416			181,239
Parts and accessories and general merchandise	119,284			127,515			135,339
Inventory at lower of FIFO cost or market	509,684			473,233			447,088
Excess of FIFO over LIFO cost	(48,726		)	(48,726		)	(45,889		)
	$	460,958		$	424,507		$	401,199

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):

	Nine months ended
	September 28, 2014			September 29, 2013
Cash flows from operating activities:
Net income	$	770,136		$	658,584
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	130,688			122,658
Amortization of deferred loan origination costs	70,330			63,548
Amortization of financing origination fees	6,405			6,994
Provision for employee long-term benefits	25,281			50,158
Contributions to pension and postretirement plans	(22,528		)	(197,243		)
Stock compensation expense	27,862			31,030
Net change in wholesale finance receivables related to sales	(194,711		)	(71,869		)
Provision for credit losses	57,789			39,011
Loss on debt extinguishment	1,145			4,947
Deferred income taxes	(12,030		)	—
Foreign currency adjustments	12,948			12,874
Other, net	11,535			(63		)
Changes in current assets and liabilities:
Accounts receivable, net	(40,015		)	(65,835		)
Finance receivables—accrued interest and other	(2,077		)	937
Inventories	(48,095		)	(19,233		)
Accounts payable and accrued liabilities	191,354			142,277
Restructuring reserves	—			(24,521		)
Derivative instruments	(1,813		)	(1,818		)
Other	(17,336		)	72,667
Total adjustments	196,732			166,519
Net cash provided by operating activities	$	966,868		$	825,103