v3.26.3
Additional Balance Sheet and Cash Flow Information (Tables)
 9 Months Ended
Sep. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Marketable Securities
Investments in Marketable Securities – The Company’s investments in marketable securities consisted of the following (in thousands):
September 30,
2026		December 31,
2025		September 30,
2025
Mutual funds$26,781 $31,513 $32,493 
Schedule of Inventories, Net Inventories, net consisted of the following (in thousands):
September 30,
2026		December 31,
2025		September 30,
2025
Raw materials and work in process$282,968 $338,744 $294,480 
Motorcycle finished goods221,156 434,044 255,339 
Parts and accessories and apparel102,095 97,674 98,431 
Inventory at lower of FIFO cost or net realizable value606,219 870,462 648,250 
Excess of FIFO over LIFO cost(147,474)(139,564)(136,064)
$458,745 $730,898 $512,186 
Schedule of Certificates of Deposit Maturity
Future maturities of the Company's certificates of deposit as of September 30, 2026 were as follows (in thousands):
202615,347 
2027247,407 
202887,040 
202986,729 
203019,790 
Thereafter82,571 
Future maturities538,884 
Unamortized fees(1,471)
$537,413 
Schedule of Reconciliation of Net Cash Provided by Operating Activities
Operating Cash Flow – The reconciliation of Net income to Net cash (used) provided by operating activities was as follows (in thousands):
Nine months ended
September 30,
2026		September 30,
2025
Cash flows from operating activities:
Net income$144,047 $611,709 
Adjustments to reconcile Net income to Net cash provided by operating activities:
Depreciation and amortization125,480 126,339 
Amortization of deferred loan origination costs8,324 43,871 
Amortization of financing origination fees3,676 9,773 
Income related to long-term employee benefits
(32,112)(41,287)
Employee benefit plan contributions and payments(5,039)(5,091)
Stock compensation expense25,459 25,838 
Net change in wholesale finance receivables related to sales603 (183,006)
Provision for credit losses51,120 (198,427)
Originations of finance receivables held for sale(1,727,770)(414,009)
Collections from finance receivables held for sale
128,186 16,916 
Proceeds from sales of loans held for sale1,307,502 — 
Gain on sale of securitization beneficial interests(856)(26,958)
Deferred income taxes(5,770)92,122 
Other, net44,976 19,360 
Changes in current assets and liabilities:
Accounts receivable, net(55,675)(46,415)
Finance receivables – accrued interest and other
(7,877)11,279 
Inventories, net263,392 262,287 
Accounts payable and accrued liabilities3,647 75,039 
Other current assets4,621 37,563 
131,887 (194,806)
Net cash provided by operating activities$275,934 $416,903