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Employee Benefit Plans
3 Months Ended
Mar. 31, 2024
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
The Company has a qualified pension plan and postretirement healthcare benefit plans. The plans cover certain eligible employees and retirees of the HDMC segment. The Company also has unfunded supplemental employee retirement plan agreements (SERPA) with certain employees. Service cost is allocated among Selling, administrative and engineering expense, Motorcycles and related products cost of goods sold and Inventories, net. Amounts capitalized in inventory are not significant. Non-service cost components of net periodic benefit (income) cost are presented in Other income, net. Components of net periodic benefit (income) cost for the Company's defined benefit plans were as follows (in thousands):
 Three months ended
March 31,
2024
March 31,
2023
Pension and SERPA Benefits:
Service cost$1,175 $1,294 
Interest cost20,118 20,476 
Expected return on plan assets(33,143)(36,519)
Amortization of unrecognized:
Prior service cost
188 188 
Net gain
(163)(181)
Settlement gain— (222)
Net periodic benefit income$(11,825)$(14,964)
Postretirement Healthcare Benefits:
Service cost$723 $797 
Interest cost2,694 2,772 
Expected return on plan assets(4,424)(4,281)
Amortization of unrecognized:
Prior service cost (credit)
149 (166)
Net gain
(1,250)(1,097)
Net periodic benefit income$(2,108)$(1,975)
There are no required or planned voluntary qualified pension plan contributions for 2024. The Company expects it will continue to make ongoing benefit payments under the SERPA and postretirement healthcare plans.