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Asset-Backed Financing (Tables)
 9 Months Ended
Sep. 24, 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):
 
September 24, 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
$
511,643

 
$
(15,798
)
 
$
40,385

 
$
1,513

 
$
537,743

 
$
429,833

Asset-backed U.S. commercial paper conduit facilities
298,197

 
(9,233
)
 
14,922

 
927

 
304,813

 
280,308

Unconsolidated VIEs
 
 
 
 
 
 
 
 
 
 
 
Asset-backed Canadian commercial paper conduit facility
139,413

 
(2,560
)
 
8,073

 
350

 
145,276

 
122,130

Total on-balance sheet assets and liabilities
$
949,253

 
$
(27,591
)
 
$
63,380

 
$
2,790

 
$
987,832

 
$
832,271

 
 
 
 
 
 
 
 
 
 
 
 
 
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

 
 
 
 
 
 
 
 
 
 
 
 
 
September 25, 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
$
1,019,378

 
$
(27,847
)
 
$
69,364

 
$
2,893

 
$
1,063,788

 
$
925,619

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

 
—

 
—

 
150

 
150

 
—

Unconsolidated VIEs
 
 
 
 
 
 
 
 
 
 
 
Asset-backed Canadian commercial paper conduit facility
155,130

 
(3,244
)
 
10,297

 
351

 
162,534

 
140,488

Total on-balance sheet assets and liabilities
$
1,174,508

 
$
(31,091
)
 
$
79,661

 
$
3,394

 
$
1,226,472

 
$
1,066,107
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

Second quarter
14,200

 
12,400

 
31,400

 
27,500

Third quarter
—

 
—

 
—

 
—

 
$
20,500

 
$
17,900

 
$
38,000

 
$
33,300
Schedule of Servicing Activities
The unpaid principal balance of retail motorcycle finance receivables serviced by the Company was as follows (in thousands):
 
September 24,
2017
 
December 31,
2016
 
September 25,
2016
On-balance sheet retail motorcycle finance receivables
$
6,185,144

 
$
5,839,467

 
$
6,017,065

Off-balance sheet retail motorcycle finance receivables
165,169

 
236,706

 
262,583

Total serviced retail motorcycle finance receivables
$
6,350,313

 
$
6,076,173

 
$
6,279,648

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:
 
September 24,
2017
 
December 31,
2016
 
September 25,
2016
On-balance sheet retail motorcycle finance receivables
$
203,450

 
$
221,393

 
$
192,891

Off-balance sheet retail motorcycle finance receivables
1,720

 
1,858

 
1,235

Total serviced retail motorcycle finance receivables
$
205,170

 
$
223,251

 
$
194,126

Credit losses, net of recoveries for the retail motorcycle finance receivables serviced by the Company were as follows (in thousands):
 
Three months ended
 
Nine months ended
 
September 24,
2017
 
September 25,
2016
 
September 24,
2017
 
September 25,
2016
On-balance sheet retail motorcycle finance receivables
$
27,199

 
$
26,380

 
$
76,820

 
$
69,498

Off-balance sheet retail motorcycle finance receivables
299

 
270

 
865

 
285

Total serviced retail motorcycle finance receivables
$
27,498

 
$
26,650

 
$
77,685

 
$
69,783