Reportable Segments and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2021

Selected segment information is set forth below for the years ended December 31, (in thousands):


	2021		2020		2019
Motorcycles and Related Products:
Motorcycles revenue	$	4,540,240	$	3,264,054	$	4,572,678
Gross profit	1,296,953		828,309		1,342,880
Selling, administrative and engineering expense	885,587		895,321		1,020,907
Restructuring expense	2,741		119,110		32,353
Operating income (loss)	408,625		(186,122)		289,620
Financial Services:
Financial Services revenue	796,068		790,323		789,111
Financial Services expense	380,580		583,623		523,123
Restructuring expense	674		10,899		—
Operating income	414,814		195,801		265,988
Operating income	$	823,439	$	9,679	$	555,608

Additional segment information is set forth below as of December 31, (in thousands):


	Motorcycles		Financial Services		Consolidated
2021:
Assets	$	3,308,292	$	7,742,763	$	11,051,055
Depreciation and amortization	$	155,969	$	9,216	$	165,185
Capital expenditures	$	115,995	$	4,186	$	120,181
2020:
Assets	$	2,492,515	$	9,518,086	$	12,010,601
Depreciation and amortization	$	177,113	$	8,602	$	185,715
Capital expenditures	$	128,798	$	2,252	$	131,050
2019:
Assets	$	2,548,115	$	7,980,044	$	10,528,159
Depreciation and amortization	$	223,656	$	8,881	$	232,537
Capital expenditures	$	176,264	$	5,176	$	181,440

Segment Information By Geographical Locations

Included in the Consolidated financial statements are the following amounts relating to geographic locations for the years ended December 31, (in thousands):


	2021		2020		2019
Motorcycles revenue(a):
United States	$	3,021,103	$	2,043,851	$	2,971,223
EMEA	709,941		589,943		743,385
Canada	182,655		99,219		210,381
Japan	150,253		137,815		156,644
Australia and New Zealand	138,036		107,891		117,525
Other countries	338,252		285,335		373,520
	$	4,540,240	$	3,264,054	$	4,572,678
Financial Services revenue(a):
United States	$	765,917	$	757,730	$	754,535
Canada	18,613		20,353		22,799
Europe	7,464		8,300		8,435
Other countries	4,074		3,940		3,342
	$	796,068	$	790,323	$	789,111
Long-lived assets(b):
United States	$	595,375	$	644,224	$	757,594
Thailand	81,927		94,749		78,651
Other countries	6,682		4,811		11,137
	88,609		99,560		89,788
	$	683,984	$	743,784	$	847,382

(a)Revenue is attributed to geographic regions based on location of customer.

(b)Long-lived assets include all long-term assets except those specifically excluded under ASC Topic 280, Segment Reporting, such as deferred income taxes and finance receivables.