Additional Balance Sheet and Cash Flow Information (Tables)

9 Months Ended

Sep. 27, 2015

Supplemental Cash Flow Information [Abstract]

Marketable Securities

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

	September 27, 2015		December 31, 2014		September 28, 2014
Available-for-sale: Corporate bonds	$	47,358	$	57,325	$	57,579
Trading securities: Mutual funds	35,258		33,815		32,727
	$	82,616	$	91,140	$	90,306

Inventories Net

Inventories consist of the following (in thousands):

	September 27, 2015			December 31, 2014			September 28, 2014
Components at the lower of FIFO cost or market
Raw materials and work in process	$	153,779		$	151,254		$	148,267
Motorcycle finished goods	228,243			230,309			242,133
Parts and accessories and general merchandise	134,537			117,210			119,284
Inventory at lower of FIFO cost or market	516,559			498,773			509,684
Excess of FIFO over LIFO cost	(49,902		)	(49,902		)	(48,726		)
	$	466,657		$	448,871		$	460,958

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 27, 2015			September 28, 2014
Cash flows from operating activities:
Net income	$	710,011		$	770,136
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	142,024			130,688
Amortization of deferred loan origination costs	71,012			70,330
Amortization of financing origination fees	7,331			6,405
Provision for employee long-term benefits	36,954			25,281
Contributions to pension and postretirement plans	(19,358		)	(22,528		)
Stock compensation expense	23,732			27,862
Net change in wholesale finance receivables related to sales	(157,532		)	(194,711		)
Provision for credit losses	68,655			57,789
Loss on debt extinguishment	—			1,145
Deferred income taxes	(9,272		)	(12,030		)
Foreign currency adjustments	22,010			12,948
Other, net	5,000			11,535
Changes in current assets and liabilities:
Accounts receivable, net	(60,687		)	(40,015		)
Finance receivables—accrued interest and other	(98		)	(2,077		)
Inventories	(36,109		)	(48,095		)
Accounts payable and accrued liabilities	211,045			191,354
Derivative instruments	(6,734		)	(1,813		)
Other	12,973			(17,336		)
Total adjustments	310,946			196,732
Net cash provided by operating activities	$	1,020,957		$	966,868