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Additional Balance Sheet and Cash Flow Information
 9 Months Ended
Sep. 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):
September 30,
2023		December 31,
2022		September 25,
2022
Mutual funds$32,664 $33,071 $33,631 
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):
September 30,
2023		December 31,
2022		September 25,
2022
Raw materials and work in process$333,107 $331,380 $311,424 
Motorcycle finished goods405,714 549,041 304,195 
Parts and accessories and apparel154,640 187,039 160,724 
Inventory at lower of FIFO cost or net realizable value893,461 1,067,460 776,343 
Excess of FIFO over LIFO cost(124,696)(116,500)(95,581)
$768,765 $950,960 $680,762 
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 $478.9 million, $317.4 million, and $344.7 million, net of fees, of interest-bearing brokered certificates of deposit outstanding as of September 30, 2023, December 31, 2022, and September 25, 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 September 30, 2023 were as follows (in thousands):
2023$31,302 
2024253,720 
202561,002 
202679,678 
202754,158 
Thereafter— 
Future maturities479,860 
Unamortized fees(927)
$478,933 
Operating Cash Flow – The reconciliation of Net income to Net cash provided by operating activities was as follows (in thousands):
 Nine months ended
September 30,
2023		September 25,
2022
Cash flows from operating activities:
Net income$671,762 $699,537 
Adjustments to reconcile Net income to Net cash provided by operating activities:
Depreciation and amortization112,592 114,867 
Amortization of deferred loan origination costs65,996 72,214 
Amortization of financing origination fees9,734 11,475 
Provision for long-term employee benefits(50,373)(14,637)
Employee benefit plan contributions and payments(2,668)(4,766)
Stock compensation expense64,538 33,595 
Net change in wholesale finance receivables related to sales(392,817)(294,698)
Provision for credit losses170,496 94,572 
Deferred income taxes(8,455)(2,980)
Other, net(19,738)24,392 
Changes in current assets and liabilities:
Accounts receivable, net(72,084)(150,726)
Finance receivables – accrued interest and other
2,366 3,566 
Inventories, net160,742 (6,577)
Accounts payable and accrued liabilities14,453 37,745 
Other current assets(19,777)(42,875)
35,005 (124,833)
Net cash provided by operating activities$706,767 $574,704