Additional Balance Sheet And Cash Flow Information (Tables)

12 Months Ended

Dec. 31, 2015

Inventories, net (in thousands):



	2015			2014
Components at the lower of FIFO cost or market
Raw materials and work in process	$	161,704		$	151,254
Motorcycle finished goods	327,952			230,309
Parts and accessories and general merchandise	145,519			117,210
Inventory at lower of FIFO cost or market	635,175			498,773
Excess of FIFO over LIFO cost	(49,268		)	(49,902		)
Total inventories, net	$	585,907		$	448,871

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



	2015			2014
Land and related improvements	$	56,554		$	55,238
Buildings and related improvements	453,433			475,268
Machinery and equipment	1,859,443			1,823,790
Software	524,076			440,703
Construction in progress	280,147			200,708
	3,173,653			2,995,707
Accumulated depreciation	(2,231,235		)	(2,112,630		)
Total property, plant and equipment, net	$	942,418		$	883,077

Accrued liabilities (in thousands):



	2015		2014
Payroll, employee benefits and related expenses	$	160,971	$	165,448
Warranty and recalls	54,894		48,529
Sales incentive programs	37,568		44,423
Tax-related accruals	18,535		28,333
Accrued interest	33,925		19,072
Other	166,071		143,512
Total accrued liabilities	$	471,964	$	449,317

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



	2015			2014			2013
Cash flows from operating activities:
Net income	$	752,207		$	844,611		$	733,993
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	198,074			179,300			167,072
Amortization of deferred loan origination costs	93,546			94,429			86,181
Amortization of financing origination fees	9,975			8,442			9,376
Provision for long-term employee benefits	60,824			33,709			66,877
Contributions to pension and postretirement plans	(28,490		)	(29,686		)	(204,796		)
Stock compensation expense	29,433			37,929			41,244
Net change in wholesale finance receivables related to sales	(113,970		)	(75,210		)	28,865
Provision for credit losses	101,345			80,946			60,008
Loss on debt extinguishment	1,099			3,942			4,947
Deferred income taxes	(16,484		)	(7,621		)	52,580
Foreign currency adjustments	20,067			21,964			16,269
Other, net	846			(1,491		)	10,123
Changes in current assets and liabilities:
Accounts receivable, net	(13,665		)	(9,809		)	(36,653		)
Finance receivables – accrued interest and other	(3,046		)	(2,515		)	(346		)
Inventories	(155,222		)	(50,886		)	(46,474		)
Accounts payable and accrued liabilities	138,823			21,309			(78,665		)
Derivative instruments	(5,615		)	703			(2,189		)
Prepaid and other	30,371			(3,389		)	68,681
Total adjustments	347,911			302,066			243,100
Net cash provided by operating activities	$	1,100,118		$	1,146,677		$	977,093

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