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Asset-Backed Financing (Tables)
 6 Months Ended
Jun. 26, 2016
Transfers and Servicing [Abstract]  
Assets and Liabilities Related to the On-Balance Sheet Financing
The following table shows the assets and liabilities related to the on-balance sheet asset-backed financings included in the financial statements (in thousands):
 
June 26, 2016
 
Finance receivables
 
Allowance for credit losses
 
Restricted cash
 
Other assets
 
Total assets
 
Asset-backed debt
On-balance sheet assets and liabilities
 
 
 
 
 
 
 
 
 
 
 
Consolidated VIEs
 
 
 
 
 
 
 
 
 
 
 
Term asset-backed securitizations
$
1,173,527

 
$
(30,431
)
 
$
79,475

 
$
2,825

 
$
1,225,396

 
$
1,074,931

Asset-backed U.S. commercial paper conduit facility
—

 
—

 
—

 
222

 
222

 
—

Unconsolidated VIEs
 
 
 
 
 
 
 
 
 
 
 
Asset-backed Canadian commercial paper conduit facility
177,360

 
(3,620
)
 
13,175

 
332

 
187,247

 
161,626

Total on-balance sheet assets and liabilities
$
1,350,887

 
$
(34,051
)
 
$
92,650

 
$
3,379

 
$
1,412,865

 
$
1,236,557

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
Finance receivables
 
Allowance for credit losses
 
Restricted cash
 
Other assets
 
Total assets
 
Asset-backed debt
On-balance sheet assets and liabilities
 
 
 
 
 
 
 
 
 
 
 
Consolidated VIEs
 
 
 
 
 
 
 
 
 
 
 
Term asset-backed securitizations
$
1,611,624

 
$
(37,937
)
 
$
100,151

 
$
4,383

 
$
1,678,221

 
$
1,459,377

Asset-backed U.S. commercial paper conduit facility
—

 
—

 
—

 
323

 
323

 
—

Unconsolidated VIEs
 
 
 
 
 
 
 
 
 
 
 
Asset-backed Canadian commercial paper conduit facility
170,708

 
(3,061
)
 
10,491

 
393

 
178,531

 
153,839

Total on-balance sheet assets and liabilities
$
1,782,332

 
$
(40,998
)
 
$
110,642

 
$
5,099

 
$
1,857,075

 
$
1,613,216

 
 
 
 
 
 
 
 
 
 
 
 
 
June 28, 2015
 
Finance receivables
 
Allowance for credit losses
 
Restricted cash
 
Other assets
 
Total assets
 
Asset-backed debt
On-balance sheet assets and liabilities
 
 
 
 
 
 
 
 
 
 
 
Consolidated VIEs
 
 
 
 
 
 
 
 
 
 
 
Term asset-backed securitizations
$
2,199,018

 
$
(49,400
)
 
$
149,418

 
$
2,857

 
$
2,301,893

 
$
2,011,461

Asset-backed U.S. commercial paper conduit facility
—

 
—

 
—

 
210

 
210

 
—

Unconsolidated VIEs
 
 
 
 
 
 
 
 
 
 
 
Asset-backed Canadian commercial paper conduit facility
176,730

 
(2,657
)
 
12,793

 
340

 
187,206

 
160,940

Total on-balance sheet assets and liabilities
$
2,375,748

 
$
(52,057
)
 
$
162,211

 
$
3,407

 
$
2,489,309

 
$
2,172,401
Transfers of Canadian Retail Motorcycle Finance Receivable
The following table includes quarterly transfers of Canadian retail motorcycle finance receivables to the Canadian Conduit and the respective proceeds (in thousands):
 
2016
 
2015
 
Transfers
 
Proceeds
 
Transfers
 
Proceeds
First quarter
$
6,600

 
$
5,800

 
$
19,200

 
$
16,800

Second quarter
$
31,400

 
$
27,500

 
$
26,800

 
$
23,400
Schedule of Servicing Activities
The current unpaid principal balance of serviced retail motorcycle finance receivables was as follows (in thousands):
 
June 26,
2016
 
December 31,
2015
 
June 28,
2015
On-balance sheet retail motorcycle finance receivables
$
5,872,668

 
$
5,843,352

 
$
5,799,682

Off-balance sheet retail motorcycle finance receivables
292,176

 
—

 
—

Total serviced retail motorcycle finance receivables
$
6,164,844

 
$
5,843,352

 
$
5,799,682

The balance of serviced finance receivables 30 days or more delinquent was as follows (in thousands):
 
Amount 30 days or more past due:
 
June 26,
2016
 
December 31,
2015
 
June 28,
2015
On-balance sheet retail motorcycle finance receivables
$
168,091

 
$
195,468

 
$
143,406

Off-balance sheet retail motorcycle finance receivables
460

 
—

 
—

Total serviced retail motorcycle finance receivables
$
168,551

 
$
195,468

 
$
143,406

Credit losses, net of recoveries for the serviced finance receivables were as follows (in thousands):
 
Three months ended
 
Six months ended
 
June 26,
2016
 
June 28,
2015
 
June 26,
2016
 
June 28,
2015
On-balance sheet retail motorcycle finance receivables
$
15,001

 
$
8,764

 
$
43,118

 
$
29,555

Off-balance sheet retail motorcycle finance receivables
15

 
—

 
15

 
—

Total serviced retail motorcycle finance receivables
$
15,016

 
$
8,764

 
$
43,133

 
$
29,555