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Asset-Backed Financing (Tables)
 6 Months Ended
Jun. 30, 2019
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):
 
June 30, 2019
 
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
$
1,106,973

 
$
(32,426
)
 
$
52,593

 
$
277

 
$
1,127,417

 
$
1,002,869

Asset-backed U.S. commercial paper conduit facilities
500,895

 
(14,651
)
 
26,843

 
1,256

 
514,343

 
464,136

Unconsolidated VIEs
 
 
 
 
 
 
 
 
 
 
 
Asset-backed Canadian commercial paper conduit facility
171,944

 
(3,058
)
 
9,824

 
272

 
178,982

 
148,740

Total on-balance sheet assets and liabilities
$
1,779,812

 
$
(50,135
)
 
$
89,260

 
$
1,805

 
$
1,820,742

 
$
1,615,745

 
 
 
 
 
 
 
 
 
 
 
 

 
December 31, 2018
 
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
$
158,718

 
$
(4,691
)
 
$
17,191

 
$
329

 
$
171,547

 
$
95,167

Asset-backed U.S. commercial paper conduit facilities
631,588

 
(18,733
)
 
30,012

 
1,234

 
644,101

 
582,717

Unconsolidated VIEs
 
 
 
 
 
 
 
 
 
 
 
Asset-backed Canadian commercial paper conduit facility
181,774

 
(3,130
)
 
8,779

 
343

 
187,766

 
155,951

Total on-balance sheet assets and liabilities
$
972,080

 
$
(26,554
)
 
$
55,982

 
$
1,906

 
$
1,003,414

 
$
833,835

 
 
 
 
 
 
 
 
 
 
 
 
 
July 1, 2018
 
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
$
229,201

 
$
(6,943
)
 
$
21,912

 
$
465

 
$
244,635

 
$
169,430

Asset-backed U.S. commercial paper conduit facilities
319,758

 
(9,710
)
 
17,845

 
815

 
328,708

 
300,000

Unconsolidated VIEs
 
 
 
 
 
 
 
 
 
 
 
Asset-backed Canadian commercial paper conduit facility
192,979

 
(3,405
)
 
11,176

 
274

 
201,024

 
166,638

Total on-balance sheet assets and liabilities
$
741,938

 
$
(20,058
)
 
$
50,933

 
$
1,554

 
$
774,367

 
$
636,068
Quarterly Transfers Related to Finance Receivables
The following table includes quarterly transfers of Canadian retail motorcycle finance receivables to the Canadian Conduit and the respective proceeds (in thousands):
 
2019
 
2018
 
Transfers
 
Proceeds
 
Transfers
 
Proceeds
First quarter
$
—

 
$
—

 
$
7,600

 
$
6,200

Second quarter
28,200

 
23,400

 
38,900

 
32,200

 
$
28,200

 
$
23,400

 
$
46,500

 
$
38,400


The following table includes quarterly transfers of U.S. retail motorcycle finance receivables to the U.S. Conduit Facilities and the respective proceeds (in thousands):
 
2019
 
2018
 
Transfers
 
Proceeds
 
Transfers
 
Proceeds
First quarter
$
—

 
$
—

 
$
32,900

 
$
29,300

Second quarter
—

 
—

 
59,100

 
53,300

 
$
—

 
$
—

 
$
92,000

 
$
82,600
Schedule of Servicing Activities
The unpaid principal balance of retail motorcycle finance receivables serviced by the Company was as follows (in thousands):
 
June 30,
2019
 
December 31,
2018
 
July 1,
2018
On-balance sheet retail motorcycle finance receivables
$
6,441,261

 
$
6,185,350

 
$
6,227,634

Off-balance sheet retail motorcycle finance receivables
54,699

 
79,613

 
109,578

Total serviced retail motorcycle finance receivables
$
6,495,960

 
$
6,264,963

 
$
6,337,212

The unpaid principal balance of retail motorcycle finance receivables serviced by the Company 30 days or more delinquent was as follows (in thousands):
 
June 30,
2019
 
December 31,
2018
 
July 1,
2018
On-balance sheet retail motorcycle finance receivables
$
190,208

 
$
228,015

 
$
175,020

Off-balance sheet retail motorcycle finance receivables
1,065

 
1,658

 
1,591

Total serviced retail motorcycle finance receivables
$
191,273

 
$
229,673

 
$
176,611

Credit losses, net of recoveries for the retail motorcycle finance receivables serviced by the Company were as follows (in thousands):
 
Three months ended
 
Six months ended
 
June 30,
2019
 
July 1,
2018
 
June 30,
2019
 
July 1,
2018
On-balance sheet retail motorcycle finance receivables
$
22,259

 
$
15,300

 
$
55,763

 
$
47,473

Off-balance sheet retail motorcycle finance receivables
161

 
137

 
392

 
498

Total serviced retail motorcycle finance receivables
$
22,420

 
$
15,437

 
$
56,155

 
$
47,971