Finance Receivables (Tables)

3 Months Ended

Mar. 27, 2016

Finance receivables, net, consisted of the following (in thousands):



	March 27, 2016			December 31, 2015			March 29, 2015
Retail	$	6,012,804		$	5,991,471		$	5,576,558
Wholesale	1,519,946			1,023,860			1,404,854
Total finance receivables	7,532,750			7,015,331			6,981,412
Allowance for credit losses	(156,184		)	(147,178		)	(132,820		)
Finance receivables, net	$	7,376,566		$	6,868,153		$	6,848,592

Changes In The Allowance For Credit Losses On Finance Receivables

Changes in the allowance for credit losses on finance receivables by portfolio were as follows (in thousands):



	Three months ended March 27, 2016
	Retail			Wholesale		Total
Balance, beginning of period	$	139,320		$	7,858	$	147,178
Provision for credit losses	35,524			1,599		37,123
Charge-offs	(39,644		)	—		(39,644		)
Recoveries	11,527			—		11,527
Balance, end of period	$	146,727		$	9,457	$	156,184

	Three months ended March 29, 2015
	Retail			Wholesale		Total
Balance, beginning of period	$	122,025		$	5,339	$	127,364
Provision for credit losses	22,543			3,704		26,247
Charge-offs	(32,733		)	—		(32,733		)
Recoveries	11,942			—		11,942
Balance, end of period	$	123,777		$	9,043	$	132,820

The allowance for credit losses and finance receivables by portfolio, segregated by those amounts that are individually evaluated for impairment and those that are collectively evaluated for impairment, was as follows (in thousands):



	March 27, 2016
	Retail		Wholesale		Total
Allowance for credit losses, ending balance:
Individually evaluated for impairment	$	—	$	—	$	—
Collectively evaluated for impairment	146,727		9,457		156,184
Total allowance for credit losses	$	146,727	$	9,457	$	156,184
Finance receivables, ending balance:
Individually evaluated for impairment	$	—	$	—	$	—
Collectively evaluated for impairment	6,012,804		1,519,946		7,532,750
Total finance receivables	$	6,012,804	$	1,519,946	$	7,532,750

	December 31, 2015
	Retail		Wholesale		Total
Allowance for credit losses, ending balance:
Individually evaluated for impairment	$	—	$	—	$	—
Collectively evaluated for impairment	139,320		7,858		147,178
Total allowance for credit losses	$	139,320	$	7,858	$	147,178
Finance receivables, ending balance:
Individually evaluated for impairment	$	—	$	—	$	—
Collectively evaluated for impairment	5,991,471		1,023,860		7,015,331
Total finance receivables	$	5,991,471	$	1,023,860	$	7,015,331

	March 29, 2015
	Retail		Wholesale		Total
Allowance for credit losses, ending balance:
Individually evaluated for impairment	$	—	$	—	$	—
Collectively evaluated for impairment	123,777		9,043		132,820
Total allowance for credit losses	$	123,777	$	9,043	$	132,820
Finance receivables, ending balance:
Individually evaluated for impairment	$	—	$	—	$	—
Collectively evaluated for impairment	5,576,558		1,404,854		6,981,412
Total finance receivables	$	5,576,558	$	1,404,854	$	6,981,412

Aging Of Past Due Finance Receivables Including Non-Accrual Status Finance Receivables

An analysis of the aging of past due finance receivables was as follows (in thousands):



	March 27, 2016
	Current		31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Total Finance Receivables
Retail	$	5,864,850	$	94,984	$	30,094	$	22,876	$	147,954	$	6,012,804
Wholesale	1,517,926		1,407		135		478		2,020		1,519,946
Total	$	7,382,776	$	96,391	$	30,229	$	23,354	$	149,974	$	7,532,750

	December 31, 2015
	Current		31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Total Finance Receivables
Retail	$	5,796,003	$	118,996	$	43,680	$	32,792	$	195,468	$	5,991,471
Wholesale	1,022,365		888		530		77		1,495		1,023,860
Total	$	6,818,368	$	119,884	$	44,210	$	32,869	$	196,963	$	7,015,331

	March 29, 2015
	Current		31-60 Days Past Due		61-90 Days Past Due		Greater than 90 Days Past Due		Total Past Due		Total Finance Receivables
Retail	$	5,451,248	$	82,302	$	24,013	$	18,995	$	125,310	$	5,576,558
Wholesale	1,404,160		443		107		144		694		1,404,854
Total	$	6,855,408	$	82,745	$	24,120	$	19,139	$	126,004	$	6,981,412

Recorded Investment Of Retail Finance Receivables By Credit Quality Indicator

The recorded investment in wholesale finance receivables, by internal credit quality indicator, was as follows (in thousands):



	March 27, 2016		December 31, 2015		March 29, 2015
Doubtful	$	—	$	5,169	$	1,523
Substandard	24,391		21,774		21,854
Special Mention	7,220		6,271		—
Medium Risk	11,610		11,494		19,634
Low Risk	1,476,725		979,152		1,361,843
Total	$	1,519,946	$	1,023,860	$	1,404,854

The recorded investment in retail finance receivables, by credit quality indicator, was as follows (in thousands):



	March 27, 2016		December 31, 2015		March 29, 2015
Prime	$	4,798,394	$	4,777,448	$	4,400,440
Sub-prime	1,214,410		1,214,023		1,176,118
Total	$	6,012,804	$	5,991,471	$	5,576,558