Additional Balance Sheet and Cash Flow Information (Tables)

9 Months Ended

Sep. 29, 2019

The Company’s marketable securities consisted of the following (in thousands):

Inventories consisted of the following (in thousands):



	September 29, 2019			December 31, 2018			September 30, 2018
Raw materials and work in process	$	189,144		$	177,110		$	174,891
Motorcycle finished goods	206,324			301,630			251,794
Parts & accessories and general merchandise	152,269			136,027			141,918
Inventory at lower of FIFO cost or net realizable value	547,737			614,767			568,603
Excess of FIFO over LIFO cost	(58,639		)	(58,639		)	(52,356		)
	$	489,098		$	556,128		$	516,247

The reconciliation of net income to net cash provided by operating activities is as follows (in thousands):



	Nine months ended
	September 29, 2019			September 30, 2018
Cash flows from operating activities:
Net income	$	410,139		$	530,956
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	174,609			196,461
Amortization of deferred loan origination costs	57,303			61,213
Amortization of financing origination fees	7,032			6,207
Provision for long-term employee benefits	10,888			28,162
Employee benefit plan contributions and payments	(11,166		)	(11,035		)
Stock compensation expense	25,323			29,122
Net change in wholesale finance receivables related to sales	683			(18,400		)
Provision for credit losses	94,621			72,462
Deferred income taxes	3,535			1,457
Other, net	7,839			29,340
Changes in current assets and liabilities:
Accounts receivable, net	(7,833		)	(14,784		)
Finance receivables - accrued interest and other	(4,574		)	1,374
Inventories	62,870			8,270
Accounts payable and accrued liabilities	13,138			183,606
Derivative instruments	2,537			1,227
Other	1,705			16,917
	438,510			591,599
Net cash provided by operating activities	$	848,649		$	1,122,555