XML 49 R52.htm IDEA: XBRL DOCUMENT v2.4.1.9
Supplementary Data (Tables)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
Quarterly financial data (unaudited)
(In millions, except per share data)
 
 
 
1st Quarter
 
2nd Quarter
 
3rd Quarter
 
4th Quarter
 
 
Mar 30,
2014
 
Mar 31,
2013
 
June 29,
2014
 
June 30,
2013
 
Sep 28,
2014
 
Sep 29,
2013
 
Dec 31,
2014
 
Dec 31,
2013
Motorcycles:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
1,571.7

 
$
1,414.2

 
$
1,834.3

 
$
1,631.5

 
$
1,130.6

 
$
1,180.3

 
$
1,031.2

 
$
1,032.3

Operating income(a)
 
$
347.7

 
$
276.8

 
$
473.3

 
$
357.7

 
$
146.3

 
$
175.5

 
$
35.9

 
$
60.7

Financial Services:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
154.4

 
$
157.0

 
$
166.4

 
$
162.8

 
$
171.0

 
$
163.4

 
$
169.0

 
$
158.3

Operating income
 
$
63.2

 
$
71.5

 
$
74.4

 
$
74.2

 
$
77.8

 
$
76.1

 
$
62.4

 
$
61.3

Consolidated:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income before taxes
 
$
408.9

 
$
338.5

 
$
549.1

 
$
422.4

 
$
225.5

 
$
241.3

 
$
99.9

 
$
112.1

Net income
 
$
265.9

 
$
224.1

 
$
354.2

 
$
271.7

 
$
150.1

 
$
162.7

 
$
74.5

 
$
75.4

Earnings per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
1.21

 
$
1.00

 
$
1.63

 
$
1.22

 
$
0.70

 
$
0.73

 
$
0.35

 
$
0.34

Diluted
 
$
1.21

 
$
0.99

 
$
1.62

 
$
1.21

 
$
0.69

 
$
0.73

 
$
0.35

 
$
0.34


 
(a)
Operating income for the Motorcycles segment includes restructuring expense (benefit) as discussed in Note 3 for the following periods (in millions):
Schedule Of Restructuring Expense
2009 Restructuring Plan reserve activity and balances as recorded in accrued liabilities for the following years ended December 31 (in thousands): 
 
 
2013
 
 
Employee
Severance and
Termination Costs
 
Accelerated
Depreciation
 
Other
 
Total
Balance, beginning of period
 
$
5,196

 
$
—

 
$
161

 
$
5,357

Restructuring expense
 
—

 
—

 
907

 
907

Utilized – cash
 
(1,645
)
 
—

 
(1,068
)
 
(2,713
)
Noncash reserve release
 
(1,551
)
 
—

 
—

 
(1,551
)
Balance, end of period
 
$
2,000

 
$
—

 
$
—

 
$
2,000

 
 
2012
 
 
Employee
Severance and
Termination Costs
 
Accelerated
Depreciation
 
Other
 
Total
Balance, beginning of period
 
$
10,089

 
$
—

 
$
—

 
$
10,089

Restructuring expense
 
4,099

 
—

 
13,154

 
17,253

Utilized – cash
 
(6,566
)
 
—

 
(12,993
)
 
(19,559
)
Noncash reserve release
 
(2,426
)
 
—

 
—

 
(2,426
)
Balance, end of period
 
$
5,196

 
$
—

 
$
161

 
$
5,357

The following table summarizes the Motorcycles segment’s 2011 Kansas City Restructuring Plan and modified 2011 New Castalloy Restructuring Plan reserve activity and balances as recorded in accrued liabilities for the year ended December 31 (in thousands):
 
 
2013
 
 
Kansas City
 
New Castalloy
 
Consolidated
 
 
Employee Severance and Termination Costs
 
Other
 
Total
 
Employee Severance and Termination Costs
 
Accelerated Depreciation
 
Other
 
Total
 
Total
Balance, beginning of period
 
$
2,259

 
$
—

 
$
2,259

 
$
9,306

 
$
—

 
$
145

 
$
9,451

 
$
11,710

Restructuring expense
 
—

 
—

 
—

 
1,480

 
2,093

 
1,709

 
5,282

 
5,282

Utilized - cash
 
(1,290
)
 
—

 
(1,290
)
 
(5,369
)
 
—

 
—

 
(5,369
)
 
(6,659
)
Utilized - non-cash
 
—

 
—

 
—

 
—

 
(2,093
)
 
(1,721
)
 
(3,814
)
 
(3,814
)
Non-cash reserve release
 
(969
)
 
—

 
(969
)
 
(5,369
)
 
—

 
—

 
(5,369
)
 
(6,338
)
Balance, end of period
 
$
—

 
$
—

 
$
—

 
$
48

 
$
—

 
$
133

 
$
181

 
$
181

The following table summarizes the Motorcycles segment’s 2010 Restructuring Plan reserve activity and balances as recorded in accrued liabilities for the following years ended December 31 (in thousands): 
 
 
 
2013
 
2012
 
 
 
Employee
Severance and
Termination Costs
 
Employee
Severance and
Termination Costs
 
 
 
Balance, beginning of period
 
$
10,156

 
$
20,361

 
Restructuring expense
 
—

 
4,005

 
Utilized – cash
 
(9,725
)
 
(12,898
)
 
Non-cash reserve release
 
(431
)
 
(1,312
)
 
Balance, end of period
 
$
—

 
$
10,156

 
 
1st Quarter
 
2nd Quarter
 
3rd Quarter
 
4th Quarter
 
 
Mar 30,
2014
 
Mar 31,
2013
 
June 29,
2014
 
June 30,
2013
 
Sep 28,
2014
 
Sep 29,
2013
 
Dec 31,
2014
 
Dec 31,
2013
Restructuring expense (benefit)
 
$
—

 
$
2.9

 
$
—

 
$
(5.3
)
 
$
—

 
$
0.6

 
$
—

 
$
(0.4
)