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Reportable Segments
6 Months Ended
Jun. 26, 2022
Segment Reporting [Abstract]  
Reportable Segments Reportable Segments
Harley-Davidson, Inc. is the parent company for the groups of companies referred to as Harley-Davidson Motor Company and Harley-Davidson Financial Services. The Company operates in two business segments: Motorcycles and Related Products (Motorcycles) and Financial Services. The Company's reportable segments are strategic business units that offer different products and services and are managed separately based on the fundamental differences in their operations.
The Motorcycles segment consists of the activities of Harley-Davidson Motor Company which designs, manufactures and sells motorcycles. The Motorcycles segment also sells motorcycle parts, accessories, and apparel as well as licenses its trademarks. The Company's products are sold to retail customers primarily through a network of dealers.
The Financial Services segment consists of Harley-Davidson Financial Services which is engaged in the business of financing and servicing wholesale inventory receivables and retail consumer loans, primarily for the purchase of Harley-Davidson motorcycles. Harley-Davidson Financial Services also works with certain unaffiliated insurance companies to provide motorcycle insurance and protection products to motorcycle owners.
Selected segment information is set forth below (in thousands):
 Three months endedSix months ended
June 26,
2022
June 27,
2021
June 26,
2022
June 27,
2021
Motorcycles and Related Products:
Motorcycles revenue$1,266,471 $1,331,500 $2,569,642 $2,563,607 
Gross profit386,750 407,051 794,385 827,536 
Selling, administrative and engineering expense195,327 220,422 400,215 413,968 
Restructuring (benefit) expense(264)807 (392)214 
Operating income191,687 185,822 394,562 413,354 
Financial Services:
Financial Services revenue202,616 200,558 394,631 390,958 
Financial Services expense116,688 105,909 222,346 177,440 
Restructuring expense— 111 — 338 
Operating income85,928 94,538 172,285 213,180 
Operating income$277,615 $280,360 $566,847 $626,534 
Total assets for the Motorcycles and Financial Services segments were $3.0 billion and $9.1 billion, respectively, as of June 26, 2022, $3.3 billion and $7.7 billion, respectively, as of December 31, 2021, and $2.8 billion and $8.2 billion, respectively, as of June 27, 2021.