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Additional Balance Sheet and Cash Flow Information (Tables)
 6 Months Ended
Jun. 25, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Marketable Securities
The Company’s marketable securities consisted of the following (in thousands):
 
June 25,
2017
 
December 31,
2016
 
June 26,
2016
Available-for-sale securities: corporate bonds
$
—

 
$
5,519

 
$
5,070

Trading securities: mutual funds
44,156

 
38,119

 
37,651

Total marketable securities
$
44,156

 
$
43,638

 
$
42,721
Inventories Net
Inventories consisted of the following (in thousands):
 
June 25,
2017
 
December 31,
2016
 
June 26,
2016
Components at the lower of FIFO cost or net realizable value
 
 
 
 
 
Raw materials and work in process
$
117,199

 
$
140,639

 
$
134,702

Motorcycle finished goods
186,244

 
285,281

 
152,035

Parts and accessories and general merchandise
116,836

 
122,264

 
133,727

Inventory at lower of FIFO cost or net realizable value
420,279

 
548,184

 
420,464

Excess of FIFO over LIFO cost
(48,267
)
 
(48,267
)
 
(49,268
)
Total inventories, net
$
372,012

 
$
499,917

 
$
371,196
Reconciliation of Net Cash Provided by Operating Activities
The reconciliation of net income to net cash provided by operating activities is as follows (in thousands):
 
Six months ended
 
June 25,
2017
 
June 26,
2016
Cash flows from operating activities:
 
 
 
Net income
$
445,236

 
$
530,920

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Depreciation and amortization of intangibles
107,578

 
100,956

Amortization of deferred loan origination costs
40,771

 
43,555

Amortization of financing origination fees
4,079

 
5,146

Provision for long-term employee benefits
14,950

 
19,005

Employee benefit plan contributions and payments
(37,307
)
 
(35,189
)
Stock compensation expense
17,497

 
15,797

Net change in wholesale finance receivables related to sales
(271,927
)
 
(442,254
)
Provision for credit losses
69,806

 
60,584

Gain on off-balance sheet asset-backed securitization
—

 
(9,269
)
Deferred income taxes
178

 
(3,548
)
Other, net
(4,163
)
 
(20,508
)
Changes in current assets and liabilities:
 
 
 
Accounts receivable, net
(28,239
)
 
(55,109
)
Finance receivables - accrued interest and other
2,067

 
(125
)
Inventories
138,942

 
225,586

Accounts payable and accrued liabilities
133,120

 
53,790

Derivative instruments
3,114

 
(1,474
)
Other
(8,634
)
 
(31,573
)
Total adjustments
181,832

 
(74,630
)
Net cash provided by operating activities
$
627,068

 
$
456,290