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Finance Receivables (Tables)
 9 Months Ended
Sep. 29, 2019
Receivables [Abstract]  
Finance Receivables
Finance receivables, net, consisted of the following (in thousands):
 
September 29,
2019
 
December 31,
2018
 
September 30,
2018
Retail finance receivables
$
6,642,809

 
$
6,328,201

 
$
6,508,670

Wholesale finance receivables
1,071,347

 
1,083,615

 
988,339

 
7,714,156

 
7,411,816

 
7,497,009

Allowance for credit losses
(198,576
)
 
(189,885
)
 
(193,447
)
 
$
7,515,580

 
$
7,221,931

 
$
7,303,562
Allowance for Credit Losses on Finance Receivables
The allowance for credit losses and finance receivables by portfolio, segregated by those amounts that are individually evaluated for impairment and those that are collectively evaluated for impairment, was as follows (in thousands):
 
September 29, 2019
 
Retail
 
Wholesale
 
Total
Allowance for credit losses, ending balance:
 
 
 
 
 
Individually evaluated for impairment
$
—

 
$
—

 
$
—

Collectively evaluated for impairment
191,626

 
6,950

 
198,576

 
$
191,626

 
$
6,950

 
$
198,576

Finance receivables, ending balance:
 
 
 
 
 
Individually evaluated for impairment
$
—

 
$
—

 
$
—

Collectively evaluated for impairment
6,642,809

 
1,071,347

 
7,714,156

 
$
6,642,809

 
$
1,071,347

 
$
7,714,156

 
 
 
 
 
 
 
December 31, 2018
 
Retail
 
Wholesale
 
Total
Allowance for credit losses, ending balance:
 
 
 
 
 
Individually evaluated for impairment
$
—

 
$
—

 
$
—

Collectively evaluated for impairment
182,098

 
7,787

 
189,885

 
$
182,098

 
$
7,787

 
$
189,885

Finance receivables, ending balance:
 
 
 
 
 
Individually evaluated for impairment
$
—

 
$
—

 
$
—

Collectively evaluated for impairment
6,328,201

 
1,083,615

 
7,411,816

 
$
6,328,201

 
$
1,083,615

 
$
7,411,816

 
 
 
 
 
 
 
September 30, 2018
 
Retail
 
Wholesale
 
Total
Allowance for credit losses, ending balance:
 
 
 
 
 
Individually evaluated for impairment
$
—

 
$
—

 
$
—

Collectively evaluated for impairment
187,126

 
6,321

 
193,447

 
$
187,126

 
$
6,321

 
$
193,447

Finance receivables, ending balance:
 
 
 
 
 
Individually evaluated for impairment
$
—

 
$
—

 
$
—

Collectively evaluated for impairment
6,508,670

 
988,339

 
7,497,009

 
$
6,508,670

 
$
988,339

 
$
7,497,009


Changes in the allowance for credit losses on finance receivables by portfolio were as follows (in thousands):
 
Three months ended September 29, 2019
 
Retail
 
Wholesale
 
Total
Balance, beginning of period
$
186,722

 
$
8,274

 
$
194,996

Provision for credit losses
35,071

 
(1,324
)
 
33,747

Charge-offs
(41,076
)
 
—

 
(41,076
)
Recoveries
10,909

 
—

 
10,909

Balance, end of period
$
191,626

 
$
6,950

 
$
198,576

 
 
 
 
 
 
 
Three months ended September 30, 2018
 
Retail
 
Wholesale
 
Total
Balance, beginning of period
$
187,502

 
$
6,428

 
$
193,930

Provision for credit losses
23,629

 
(99
)
 
23,530

Charge-offs
(33,689
)
 
(8
)
 
(33,697
)
Recoveries
9,684

 
—

 
9,684

Balance, end of period
$
187,126

 
$
6,321

 
$
193,447

 
 
 
 
 
 
 
Nine months ended September 29, 2019
 
Retail
 
Wholesale
 
Total
Balance, beginning of period
$
182,098

 
$
7,787

 
$
189,885

Provision for credit losses
95,458

 
(837
)
 
94,621

Charge-offs
(121,538
)
 
—

 
(121,538
)
Recoveries
35,608

 
—

 
35,608

Balance, end of period
$
191,626

 
$
6,950

 
$
198,576

 
 
 
 
 
 
 
Nine months ended September 30, 2018
 
Retail
 
Wholesale
 
Total
Balance, beginning of period
$
186,254

 
$
6,217

 
$
192,471

Provision for credit losses
72,350

 
112

 
72,462

Charge-offs
(107,717
)
 
(8
)
 
(107,725
)
Recoveries
36,239

 
—

 
36,239

Balance, end of period
$
187,126

 
$
6,321

 
$
193,447
Aging of Past Due Finance Receivables Including Non-Accrual Status Finance Receivables
The aging analysis of finance receivables was as follows (in thousands):
 
September 29, 2019
 
Current
 
31-60 Days
Past Due
 
61-90 Days
Past Due
 
Greater than
90 Days
Past Due
 
Total
Past Due
 
Total
Finance
Receivables
Retail finance receivables
$
6,425,097

 
$
134,074

 
$
48,033

 
$
35,605

 
$
217,712

 
$
6,642,809

Wholesale finance receivables
1,068,510

 
615

 
209

 
2,013

 
2,837

 
1,071,347

 
$
7,493,607

 
$
134,689

 
$
48,242

 
$
37,618

 
$
220,549

 
$
7,714,156

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2018
 
Current
 
31-60 Days
Past Due
 
61-90 Days
Past Due
 
Greater than
90 Days
Past Due
 
Total
Past Due
 
Total
Finance
Receivables
Retail finance receivables
$
6,100,186

 
$
136,945

 
$
49,825

 
$
41,245

 
$
228,015

 
$
6,328,201

Wholesale finance receivables
1,081,729

 
522

 
273

 
1,091

 
1,886

 
1,083,615

 
$
7,181,915

 
$
137,467

 
$
50,098

 
$
42,336

 
$
229,901

 
$
7,411,816

 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2018
 
Current
 
31-60 Days
Past Due
 
61-90 Days
Past Due
 
Greater than
90 Days
Past Due
 
Total
Past Due
 
Total
Finance
Receivables
Retail finance receivables
$
6,304,096

 
$
128,123

 
$
44,808

 
$
31,643

 
$
204,574

 
$
6,508,670

Wholesale finance receivables
987,563

 
500

 
115

 
161

 
776

 
988,339

 
$
7,291,659

 
$
128,623

 
$
44,923

 
$
31,804

 
$
205,350

 
$
7,497,009
Recorded Investment of Finance Receivables by Credit Quality Indicator
The recorded investment in wholesale finance receivables, by internal credit quality indicator, was as follows (in thousands):
 
September 29,
2019
 
December 31,
2018
 
September 30,
2018
Doubtful
$
4,964

 
$
2,210

 
$
—

Substandard
752

 
9,660

 
8,953

Special Mention
14,813

 
10,299

 
25,459

Medium Risk
11,544

 
25,802

 
15,825

Low Risk
1,039,274

 
1,035,644

 
938,102

 
$
1,071,347

 
$
1,083,615

 
$
988,339


The recorded investment in retail finance receivables, by credit quality indicator, was as follows (in thousands):
 
September 29,
2019
 
December 31,
2018
 
September 30,
2018
Prime
$
5,454,920

 
$
5,183,754

 
$
5,321,464

Sub-prime
1,187,889

 
1,144,447

 
1,187,206

 
$
6,642,809

 
$
6,328,201

 
$
6,508,670