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Additional Balance Sheet and Cash Flow Information
 6 Months Ended
Jun. 30, 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):
June 30,
2023		December 31,
2022		June 26,
2022
Mutual funds$35,175 $33,071 $38,779 
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 supply chain constraints. Inventories, net consisted of the following (in thousands):
June 30,
2023		December 31,
2022		June 26,
2022
Raw materials and work in process$406,560 $331,380 $384,658 
Motorcycle finished goods391,528 549,041 277,614 
Parts and accessories and apparel171,367 187,039 152,221 
Inventory at lower of FIFO cost or net realizable value969,455 1,067,460 814,493 
Excess of FIFO over LIFO cost(123,422)(116,500)(87,907)
$846,033 $950,960 $726,586 
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 $439.9 million, $317.4 million, and $345.8 million, net of fees, of interest-bearing brokered certificates of deposit outstanding as of June 30, 2023, December 31, 2022, and June 26, 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 June 30, 2023 were as follows (in thousands):
2023$69,367 
2024187,959 
202549,740 
202679,678 
202754,158 
Thereafter— 
Future maturities440,902 
Unamortized fees(991)
$439,911 
Operating Cash Flow – The reconciliation of Net income to Net cash provided by operating activities was as follows (in thousands):
 Six months ended
June 30,
2023		June 26,
2022
Cash flows from operating activities:
Net income$475,659 $438,351 
Adjustments to reconcile Net income to Net cash provided by operating activities:
Depreciation and amortization72,225 77,389 
Amortization of deferred loan origination costs44,393 47,101 
Amortization of financing origination fees6,508 7,637 
Provision for long-term employee benefits(33,656)(9,844)
Employee benefit plan contributions and payments(2,882)(5,466)
Stock compensation expense44,413 19,765 
Net change in wholesale finance receivables related to sales(267,942)(201,326)
Provision for credit losses109,642 57,955 
Deferred income taxes(4,251)2,475 
Other, net(31,160)11,102 
Changes in current assets and liabilities:
Accounts receivable, net(79,531)(134,605)
Finance receivables – accrued interest and other
3,189 4,255 
Inventories, net94,636 (33,986)
Accounts payable and accrued liabilities(16,047)(4,239)
Other current assets(4,676)(32,378)
(65,139)(194,165)
Net cash provided by operating activities$410,520 $244,186