Asset-Backed Financing (Tables)

12 Months Ended

Dec. 31, 2016

Transfers and Servicing [Abstract]

Schedule Of Assets And Liabilities Of Variable Interest Entities

The following table shows the assets and liabilities related to the on-balance sheet asset-backed financings included in the financial statements at December 31 (in thousands):

	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	$	893,804	$	(25,468	)	$	57,057	$	2,452	$	927,845	$	796,275
Asset-backed U.S. commercial paper conduit facility	—		—			—		329		329		—
Unconsolidated VIEs
Asset-backed Canadian commercial paper conduit facility	165,719		(3,573		)	10,090		426		172,662		149,338
Total on-balance sheet assets and liabilities	$	1,059,523	$	(29,041	)	$	67,147	$	3,207	$	1,100,836	$	945,613
	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

Schedule Of Secured Notes With Related Maturity

Debt with a contractual term greater than one year is generally classified as long-term debt and consisted of the following as of December 31 (in thousands):

	2016			2015
Secured debt (Note 11)
Asset-backed Canadian commercial paper conduit facility	$	149,338		$	153,839
Asset-backed securitization debt	797,755			1,463,154
Less: unamortized discount and debt issuance costs	(1,480		)	(3,777		)
Total secured debt	945,613			1,613,216
Unsecured notes
3.88% Medium-term notes due in 2016 par value, issued March 2011	—			450,000
2.70% Medium-term notes due in 2017 par value, issued January 2012	400,000			400,000
1.55% Medium-term notes due in 2017 par value, issued November 2014	400,000			400,000
6.80% Medium-term notes due in 2018 par value, issued May 2008	877,488			878,708
2.40% Medium-term notes due in 2019 par value, issued September 2014	600,000			600,000
2.25% Medium-term notes due in 2019 par value, issued January 2016	600,000			—
2.15% Medium-term notes due in 2020 par value, issued February 2015	600,000			600,000
2.85% Medium-term notes due in 2021 par value, issued January 2016	600,000			—
3.50% Senior unsecured notes due in 2025 par value, issued July 2015	450,000			450,000
4.625% Senior unsecured notes due in 2045 par value, issued July 2015	300,000			300,000
Less: unamortized discount and debt issuance costs	(21,242		)	(21,106		)
Gross long-term debt	5,751,859			5,670,818
Less: current portion of long-term debt, net of unamortized discount and issuance costs	(1,084,884		)	(838,349		)
Total long-term debt	$	4,666,975		$	4,832,469

At December 31, 2016, the Company's consolidated balance sheet included outstanding balances related to the following secured notes with the related maturity dates and interest rates (in thousands):

Issue Date	Principal Amount at Date of Issuance	Weighted-Average Rate at Date of Issuance	Contractual Maturity Date
May 2015	$500,000	0.88%	May 2016 - December 2022
January 2015	$700,000	0.89%	February 2016 - August 2022
April 2014	$850,000	0.66%	April 2015 - October 2021
April 2013	$650,000	0.57%	May 2014 - December 2020

In addition, outstanding balances related to the following secured notes were included in the Company's consolidated balance sheet at December 31, 2015 and the Company completed repayment of those balances during 2016 (in thousands):

Issue Date	Principal Amount at Date of Issuance	Weighted-Average Rate at Date of Issuance	Contractual Maturity Date
July 2012	$675,306	0.59%	August 2013 - June 2018

Schedule of Unpaid Principal Balance of Serviced Retail Motorcycle Finance Receivables

The unpaid principal balance of serviced retail motorcycle finance receivables at December 31 was as follows (in thousands):

	2016		2015
On-balance sheet retail motorcycle finance receivables	$	5,839,467	$	5,843,352
Off-balance sheet retail motorcycle finance receivables	236,706		—
Total serviced retail motorcycle finance receivables	$	6,076,173	$	5,843,352

The balance of serviced finance receivables 30 days or more delinquent at December 31 was as follows (in thousands):

	Amount 30 days or more past due:
	2016		2015
On-balance sheet retail motorcycle finance receivables	$	221,393	$	195,468
Off-balance sheet retail motorcycle finance receivables	1,858		—
Total serviced retail motorcycle finance receivables	$	223,251	$	195,468

Credit losses, net of recoveries for the serviced finance receivables for the years ended December 31 were as follows (in thousands):

	2016		2015
On-balance sheet retail motorcycle finance receivables	$	107,161	$	81,531
Off-balance sheet retail motorcycle finance receivables	820		—
Total serviced retail motorcycle finance receivables	$	107,981	$	81,531