New Accounting Standards New Accounting Standards (Tables)

6 Months Ended

Jul. 01, 2018

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

The following tables illustrate the impact of adoption of ASU 2014-09 on the consolidated statements of income and the consolidated balance sheet (in thousands):

Consolidated Statements of Income

	Three months ended July 1, 2018						Six months ended July 1, 2018
	As Reported		Without Adoption of ASC 606		Effect of Change		As Reported		Without Adoption of ASC 606		Effect of Change
Revenue:
Motorcycles and Related Products	$	1,525,121	$	1,500,384	$	24,737	$	2,889,068	$	2,868,368	$	20,700
Costs and expenses:
Motorcycles and Related Products cost of goods sold	$	993,036	$	974,385	$	18,651	$	1,883,210	$	1,864,623	$	18,587
Operating income	$	323,947	$	317,861	$	6,086	$	560,364	$	558,251	$	2,113
Income before provision for income taxes	$	319,397	$	313,311	$	6,086	$	549,547	$	547,434	$	2,113
Provision for income taxes	$	77,059	$	75,584	$	1,475	$	132,446	$	131,934	$	512
Net income	$	242,338	$	237,727	$	4,611	$	417,101	$	415,500	$	1,601

Consolidated Balance Sheet

	July 1, 2018
	As Reported		Without Adoption of ASC 606		Effect of Change
ASSETS
Other current assets	$	166,362	$	201,405	$	(35,043	)
Deferred income taxes	$	67,505	$	69,353	$	(1,848	)
LIABILITIES AND SHAREHOLDERS' EQUITY
Accrued liabilities	$	572,440	$	616,956	$	(44,516	)
Retained earnings	$	1,906,015	$	1,898,390	$	7,625