New Accounting Standards New Accounting Standards (Tables)

9 Months Ended

Sep. 30, 2018

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

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 September 30, 2018							Nine months ended September 30, 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	$	1,123,945	$	1,125,698	$	(1,753	)	$	4,013,013	$	3,994,066	$	18,947
Costs and expenses:
Motorcycles and Related Products cost of goods sold	$	776,530	$	775,831	$	699		$	2,659,740	$	2,640,454	$	19,286
Operating income	$	149,416	$	151,868	$	(2,452	)	$	709,780	$	710,119	$	(339	)
Income before provision for income taxes	$	141,192	$	143,644	$	(2,452	)	$	690,739	$	691,078	$	(339	)
Provision for income taxes	$	27,337	$	27,931	$	(594	)	$	159,783	$	159,865	$	(82	)
Net income	$	113,855	$	115,713	$	(1,858	)	$	530,956	$	531,213	$	(257	)

Consolidated Balance Sheet

	September 30, 2018
	As Reported		Without Adoption of ASC 606		Effect of Change
ASSETS
Other current assets	$	151,042	$	186,784	$	(35,742	)
Deferred income taxes	$	63,559	$	65,407	$	(1,848	)
LIABILITIES AND SHAREHOLDERS' EQUITY
Accrued liabilities	$	564,832	$	608,189	$	(43,357	)
Retained earnings	$	1,958,445	$	1,952,678	$	5,767