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Asset-Backed Financing (Tables)
 9 Months Ended
Sep. 29, 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 Consolidated balance sheets (in thousands):
 
September 29, 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
$
929,773

 
$
(27,517
)
 
$
45,096

 
$
469

 
$
947,821

 
$
872,871

Asset-backed U.S. commercial paper conduit facilities
599,099

 
(17,701
)
 
33,238

 
1,149

 
615,785

 
552,757

Unconsolidated VIEs:
 
 
 
 
 
 
 
 
 
 
 
Asset-backed Canadian commercial paper conduit facility
242,244

 
(3,182
)
 
8,408

 
258

 
247,728

 
128,368

 
$
1,771,116

 
$
(48,400
)
 
$
86,742

 
$
1,876

 
$
1,811,334

 
$
1,553,996

 
 
 
 
 
 
 
 
 
 
 
 

 
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

 
$
972,080

 
$
(26,554
)
 
$
55,982

 
$
1,906

 
$
1,003,414

 
$
833,835

 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 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
$
190,461

 
$
(5,634
)
 
$
18,508

 
$
437

 
$
203,772

 
$
128,474

Asset-backed U.S. commercial paper conduit facilities
282,986

 
(8,393
)
 
15,218

 
971

 
290,782

 
265,044

Unconsolidated VIEs:
 
 
 
 
 
 
 
 
 
 
 
Asset-backed Canadian commercial paper conduit facility
173,395

 
(3,115
)
 
9,293

 
324

 
179,897

 
149,418

 
$
646,842

 
$
(17,142
)
 
$
43,019

 
$
1,732

 
$
674,451

 
$
542,936
Quarterly Transfers Related to Finance Receivables
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

Third quarter
174,400

 
154,600

 
—

 
—

 
$
174,400

 
$
154,600

 
$
92,000

 
$
82,600


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

Third quarter
—

 
—

 
—

 
—

 
$
28,200

 
$
23,400

 
$
46,500

 
$
38,400
Schedule of Servicing Activities
The unpaid principal balance of retail motorcycle finance receivables serviced by the Company was as follows (in thousands):
 
September 29,
2019
 
December 31,
2018
 
September 30,
2018
On-balance sheet serviced retail motorcycle finance receivables
$
6,500,938

 
$
6,185,350

 
$
6,360,907

Off-balance sheet serviced retail motorcycle finance receivables
43,938

 
79,613

 
93,147

 
$
6,544,876

 
$
6,264,963

 
$
6,454,054

The unpaid principal balance of retail motorcycle finance receivables serviced by the Company 30 days or more delinquent was as follows (in thousands):
 
September 29,
2019
 
December 31,
2018
 
September 30,
2018
On-balance sheet serviced retail motorcycle finance receivables
$
217,712

 
$
228,015

 
$
204,574

Off-balance sheet serviced retail motorcycle finance receivables
954

 
1,658

 
1,767

 
$
218,666

 
$
229,673

 
$
206,341

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 29,
2019
 
September 30,
2018
 
September 29,
2019
 
September 30,
2018
On-balance sheet serviced retail motorcycle finance receivables
$
30,167

 
$
24,005

 
$
85,930

 
$
71,478

Off-balance sheet serviced retail motorcycle finance receivables
(18
)
 
230

 
375

 
729

 
$
30,149

 
$
24,235

 
$
86,305

 
$
72,207