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Asset-Backed Financing (Tables)
 3 Months Ended
Mar. 26, 2017
Transfers and Servicing [Abstract]  
Assets and Liabilities Related to the On-Balance Sheet Financing
The following tables show the assets and liabilities related to the on-balance sheet asset-backed financings included in the financial statements (in thousands):
 
March 26, 2017
 
Finance receivables
 
Allowance for credit losses
 
Restricted cash
 
Other assets
 
Total assets
 
Asset-backed debt
On-balance sheet assets and liabilities
 
 
 
 
 
 
 
 
 
 
 
Consolidated VIEs
 
 
 
 
 
 
 
 
 
 
 
Asset-backed securitizations
$
772,152

 
$
(23,239
)
 
$
63,473

 
$
2,532

 
$
814,918

 
$
685,374

Asset-backed U.S. commercial paper conduit facilities
304,091

 
(9,178
)
 
15,781

 
672

 
311,366

 
286,205

Unconsolidated VIEs
 
 
 
 
 
 
 
 
 
 
 
Asset-backed Canadian commercial paper conduit facility
155,240

 
(3,048
)
 
11,025

 
382

 
163,599

 
141,013

Total on-balance sheet assets and liabilities
$
1,231,483

 
$
(35,465
)
 
$
90,279

 
$
3,586

 
$
1,289,883

 
$
1,112,592

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
Finance receivables
 
Allowance for credit losses
 
Restricted cash
 
Other assets
 
Total assets
 
Asset-backed debt
On-balance sheet assets and liabilities
 
 
 
 
 
 
 
 
 
 
 
Consolidated VIEs
 
 
 
 
 
 
 
 
 
 
 
Asset-backed securitizations
$
893,804

 
$
(25,468
)
 
$
57,057

 
$
2,452

 
$
927,845

 
$
796,275

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

 
—

 
—

 
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

 
 
 
 
 
 
 
 
 
 
 
 
 
March 27, 2016
 
Finance receivables
 
Allowance for credit losses
 
Restricted cash
 
Other assets
 
Total assets
 
Asset-backed debt
On-balance sheet assets and liabilities
 
 
 
 
 
 
 
 
 
 
 
Consolidated VIEs
 
 
 
 
 
 
 
 
 
 
 
Asset-backed securitizations
$
1,421,332

 
$
(35,161
)
 
$
102,594

 
$
4,169

 
$
1,492,934

 
$
1,286,729

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

 
—

 
—

 
302

 
302

 
—

Unconsolidated VIEs
 
 
 
 
 
 
 
 
 
 
 
Asset-backed Canadian commercial paper conduit facility
168,264

 
(3,155
)
 
12,330

 
406

 
177,845

 
153,311

Total on-balance sheet assets and liabilities
$
1,589,596

 
$
(38,316
)
 
$
114,924

 
$
4,877

 
$
1,671,081

 
$
1,440,040
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):
 
2017
 
2016
 
Transfers
 
Proceeds
 
Transfers
 
Proceeds
First quarter
$
6,300

 
$
5,500

 
$
6,600

 
$
5,800
Schedule of Servicing Activities
The unpaid principal balance of retail motorcycle finance receivables serviced by the Company was as follows (in thousands):
 
March 26,
2017
 
December 31,
2016
 
March 27,
2016
On-balance sheet retail motorcycle finance receivables
$
5,867,143

 
$
5,839,467

 
$
5,868,921

Off-balance sheet retail motorcycle finance receivables
212,764

 
236,706

 
—

Total serviced retail motorcycle finance receivables
$
6,079,907

 
$
6,076,173

 
$
5,868,921

The unpaid principal balance of retail motorcycle finance receivables serviced by the Company 30 days or more delinquent was as follows (in thousands):
 
Amount 30 days or more past due:
 
March 26,
2017
 
December 31,
2016
 
March 27,
2016
On-balance sheet retail motorcycle finance receivables
$
162,386

 
$
221,393

 
$
147,954

Off-balance sheet retail motorcycle finance receivables
1,476

 
1,858

 
—

Total serviced retail motorcycle finance receivables
$
163,862

 
$
223,251

 
$
147,954

Credit losses, net of recoveries for the retail motorcycle finance receivables serviced by the Company were as follows (in thousands):
 
Three months ended
 
March 26,
2017
 
March 27,
2016
On-balance sheet retail motorcycle finance receivables
$
32,902

 
$
28,117

Off-balance sheet retail motorcycle finance receivables
414

 
—

Total serviced retail motorcycle finance receivables
$
33,316

 
$
28,117