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Additional Balance Sheet and Cash Flow Information
 3 Months Ended
Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Additional Balance Sheet and Cash Flow Information Additional Balance Sheet and Cash Flow Information
Investments in Marketable Securities – The Company’s investments in marketable securities consisted of the following (in thousands):
March 31,
2023		December 31,
2022		March 27,
2022
Mutual funds$34,017 $33,071 $45,189 
Mutual funds, included in Other long-term assets on the Consolidated balance sheets, are carried at fair value with gains and losses recorded in income. Mutual funds are held to support certain deferred compensation obligations.
Inventories, net – Substantially all inventories located in the U.S. are valued using the last-in, first-out (LIFO) method. Other inventories are valued at the lower of cost or net realizable value using the first-in, first-out (FIFO) method. Motorcycle finished goods inventories include motorcycles that are ready for sale and motorcycles that are substantially complete but awaiting installation of certain components affected by global supply chain constraints. Inventories, net consisted of the following (in thousands):
March 31,
2023		December 31,
2022		March 27,
2022
Raw materials and work in process$387,466 $331,380 $376,600 
Motorcycle finished goods380,083 549,041 291,623 
Parts and accessories and apparel182,905 187,039 130,156 
Inventory at lower of FIFO cost or net realizable value950,454 1,067,460 798,379 
Excess of FIFO over LIFO cost(119,933)(116,500)(84,120)
$830,521 $950,960 $714,259 
Deposits – HDFS offers brokered certificates of deposit to customers indirectly through contractual arrangements with third-party banks and/or securities brokerage firms through its bank subsidiary. The Company had $369.3 million, $317.4 million and $348.1 million, net of fees, of interest-bearing brokered certificates of deposit outstanding as of March 31, 2023, December 31, 2022, and March 27, 2022, respectively. The liabilities for deposits are included in Short-term deposits, net or Long-term deposits, net on the Consolidated balance sheets based upon the term of each brokered certificate of deposit issued. Each separate brokered certificate of deposit is issued under a master certificate, and as such, all outstanding brokered certificates of deposit are considered below the Federal Deposit Insurance Corporation insurance coverage limits.
Future maturities of the Company's certificates of deposit as of March 31, 2023 were as follows (in thousands):
2023$81,167 
2024115,491 
202539,740 
202679,742 
202754,158 
Thereafter— 
Future maturities370,298 
Unamortized fees(987)
$369,311 
Operating Cash Flow – The reconciliation of Net income to Net cash provided by operating activities was as follows (in thousands):
 Three months ended
March 31,
2023		March 27,
2022
Cash flows from operating activities:
Net income$301,829 $222,502 
Adjustments to reconcile Net income to Net cash provided by operating activities:
Depreciation and amortization34,352 39,258 
Amortization of deferred loan origination costs21,858 22,995 
Amortization of financing origination fees3,011 3,701 
Provision for long-term employee benefits(16,939)(5,050)
Employee benefit plan contributions and payments(1,739)(2,143)
Stock compensation expense23,628 8,903 
Net change in wholesale finance receivables related to sales(487,314)(205,727)
Provision for credit losses52,364 28,822 
Deferred income taxes5,648 6,307 
Other, net(21,671)(5,408)
Changes in current assets and liabilities:
Accounts receivable, net(77,993)(74,993)
Finance receivables – accrued interest and other
2,252 3,115 
Inventories, net123,047 (2,630)
Accounts payable and accrued liabilities43,787 106,969 
Other current assets40,557 (7,300)
(255,152)(83,181)
Net cash provided by operating activities$46,677 $139,321