Business Segments

6 Months Ended

Jun. 30, 2019

Harley-Davidson, Inc. is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles and Related Products (Motorcycles) segment and the Financial Services segment. The Company’s reportable segments are strategic business units that offer different products and services and are managed separately based on the fundamental differences in their operations. Selected segment information is set forth below (in thousands):



	Three months ended				Six months ended
	June 30, 2019		July 1, 2018		June 30, 2019		July 1, 2018
Motorcycles and Related Products:
Motorcycles revenue	$	1,434,004	$	1,525,121	$	2,629,641	$	2,889,068
Gross profit	454,738		532,085		802,177		1,005,858
Selling, administrative and engineering expense	263,587		276,309		489,015		530,402
Restructuring expense	10,423		12,370		24,053		59,212
Operating income from Motorcycles	180,728		243,406		289,109		416,244
Financial Services:
Financial Services revenue	198,615		188,102		387,358		366,276
Financial Services expense	123,086		107,561		253,098		222,156
Operating income from Financial Services	75,529		80,541		134,260		144,120
Operating income	$	256,257	$	323,947	$	423,369	$	560,364