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Finance Receivables (Tables)
 12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Finance Receivables
Finance receivables, net at December 31, were as follows (in thousands): 
20212020201920182017
Retail finance receivables:
United States$6,303,293 $6,128,269 $6,180,236 $6,103,378 $5,901,002 
Canada190,226 215,926 236,192 224,823 239,598 
6,493,519 6,344,195 6,416,428 6,328,201 6,140,600 
Wholesale finance receivables:
United States400,160 459,495 1,067,880 1,007,956 939,621 
Canada17,621 30,254 88,639 75,659 77,336 
417,781 489,749 1,156,519 1,083,615 1,016,957 
6,911,300 6,833,944 7,572,947 7,411,816 7,157,557 
Allowance for credit losses(339,379)(390,936)(198,581)(189,885)(192,471)
$6,571,921 $6,443,008 $7,374,366 $7,221,931 $6,965,086 
Contractual Maturities Of Finance Receivables As of December 31, 2021, contractual maturities of total finance receivables were as follows (in thousands):
United StatesCanadaTotal
2022$1,468,277 $58,001 $1,526,278 
20231,200,378 42,949 1,243,327 
20241,347,423 46,712 1,394,135 
20251,439,253 50,844 1,490,097 
20261,075,717 9,341 1,085,058 
Thereafter172,405 — 172,405 
$6,703,453 $207,847 $6,911,300 
Changes In The Allowance For Finance Credit Losses On Finance Receivables
The allowance for credit losses on finance receivables is comprised of individual components relating to wholesale and retail finance receivables. Changes in the allowance for credit losses on finance receivables by portfolio for the year ended December 31, were as follows (in thousands): 
 2021
RetailWholesaleTotal
Balance, beginning of period$371,738 $19,198 $390,936 
Provision for credit losses31,338 (6,289)25,049 
Charge-offs(122,637)— (122,637)
Recoveries45,881 150 46,031 
Balance, end of period$326,320 $13,059 $339,379 
 2020
RetailWholesaleTotal
Balance, beginning of period$188,501 $10,080 $198,581 
Cumulative effect of change in accounting(a)
95,558 5,046 100,604 
Provision for credit losses175,225 6,645 181,870 
Charge-offs(137,371)(2,573)(139,944)
Recoveries49,825 — 49,825 
Balance, end of period$371,738 $19,198 $390,936 
 2019
RetailWholesaleTotal
Balance, beginning of period$182,098 $7,787 $189,885 
Provision for credit losses132,243 2,293 134,536 
Charge-offs(173,358)— (173,358)
Recoveries47,518 — 47,518 
Balance, end of period$188,501 $10,080 $198,581 
(a)On January 1, 2020, the Company adopted ASU 2016-13 and increased the allowance for loan loss through Retained earnings, net of income taxes, to establish an allowance that represents expected lifetime credit losses on the finance receivable portfolios at date of adoption.
Financing Receivable Credit Quality Indicators The amortized cost of the Company's U.S. and Canadian retail finance receivables by vintage and credit quality indicator was as follows (in thousands):
December 31, 2021
202120202019201820172016 & PriorTotal
U.S. Retail:
Super prime$1,010,636 $484,479 $316,390 $171,763 $65,753 $27,424 $2,076,445 
Prime1,391,385 712,858 470,177 277,206 142,288 82,169 3,076,083 
Sub-prime476,688 273,787 182,002 105,330 61,923 51,035 1,150,765 
2,878,709 1,471,124 968,569 554,299 269,964 160,628 6,303,293 
Canadian Retail:
Super prime51,779 32,724 27,073 13,984 4,619 1,614 131,793 
Prime16,882 12,675 9,244 6,230 3,628 1,779 50,438 
Sub-prime2,356 2,134 1,571 947 606 381 7,995 
71,017 47,533 37,888 21,161 8,853 3,774 190,226 
$2,949,726 $1,518,657 $1,006,457 $575,460 $278,817 $164,402 $6,493,519 
December 31, 2020
202020192018201720162015 & PriorTotal
U.S. Retail:
Super prime$822,631 $575,977 $355,529 $165,436 $71,360 $29,181 $2,020,114 
Prime1,133,637 794,058 508,713 293,358 156,688 77,046 2,963,500 
Sub-prime435,875 295,403 177,598 111,163 72,556 52,060 1,144,655 
2,392,143 1,665,438 1,041,840 569,957 300,604 158,287 6,128,269 
Canadian Retail:
Super prime53,465 48,692 28,581 13,818 5,018 2,011 151,585 
Prime18,568 14,257 10,269 6,727 3,198 2,025 55,044 
Sub-prime3,172 2,498 1,560 1,095 607 365 9,297 
75,205 65,447 40,410 21,640 8,823 4,401 215,926 
$2,467,348 $1,730,885 $1,082,250 $591,597 $309,427 $162,688 $6,344,195 
The amortized cost of wholesale finance receivables, by vintage and credit quality indicator, was as follows (in thousands):
December 31, 2021
202120202019201820172016 & PriorTotal
Non-Performing$— $— $— $— $— $— $— 
Doubtful— — — — — — — 
Substandard— — — — — — — 
Special Mention— — — — — — — 
Medium Risk— — — — — — — 
Low Risk380,211 11,379 11,047 10,565 3,662 917 417,781 
$380,211 $11,379 $11,047 $10,565 $3,662 $917 $417,781 
December 31, 2020
202020192018201720162015 & PriorTotal
Non-Performing$— $— $— $— $— $— $— 
Doubtful— — — — — — — 
Substandard— — — — — — — 
Special Mention658 365 31 — — — 1,054 
Medium Risk1,925 242 — — — — 2,167 
Low Risk388,568 71,441 13,412 7,887 2,297 2,923 486,528 
$391,151 $72,048 $13,443 $7,887 $2,297 $2,923 $489,749 
Past Due Financing Receivables
The aging analysis of finance receivables at December 31, was as follows (in thousands): 
 2021
 Current31-60 Days
Past Due		61-90 Days
Past Due		Greater than
90 Days
Past Due		Total
Past Due		Total
Finance
Receivables
Retail finance receivables$6,298,485 $115,942 $44,326 $34,766 $195,034 $6,493,519 
Wholesale finance receivables417,720 9 1 51 61 417,781 
$6,716,205 $115,951 $44,327 $34,817 $195,095 $6,911,300 
 2020
 Current31-60 Days
Past Due		61-90 Days
Past Due		Greater than
90 Days
Past Due		Total
Past Due		Total
Finance
Receivables
Retail finance receivables$6,164,369 $106,818 $39,933 $33,075 $179,826 $6,344,195 
Wholesale finance receivables489,556 166 23 4 193 489,749 
$6,653,925 $106,984 $39,956 $33,079 $180,019 $6,833,944 
The recorded investment of retail and wholesale finance receivables, excluding non-accrual status finance receivables, that were contractually past due 90 days or more at December 31, for the past five years was as follows (in thousands): 
20212020201920182017
United States$33,850 $32,599 $47,138 $41,285 $39,051 
Canada967 480 888 1,051 1,025 
$34,817 $33,079 $48,026 $42,336 $40,076