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Organization, Consolidation and Presentation of Financial Statements (Tables)
6 Months Ended
Jun. 28, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles The effect of adopting ASU 2016-13 on the Company’s Consolidated balance sheets was as follows (in thousands):
December 31,
2019
Effect of AdoptionJanuary 1,
2020
ASSETS
Finance receivables(a)
$7,572,947  $—  $7,572,947  
Allowance for credit losses on finance receivables(a)
$(198,581) $(100,604) $(299,185) 
Deferred income taxes$101,204  $22,484  $123,688  
LIABILITIES AND SHAREHOLDERS' EQUITY
Accrued liabilities$582,288  $109  $582,397  
Retained earnings$2,193,997  $(78,229) $2,115,768  
(a)Reported as Finance receivables, net on the Consolidated balance sheets, allocated between current and non-current