HARLEY-DAVIDSON INC
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
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Schedule II – Valuation and qualifying accounts
SCHEDULE II -CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Accounts receivable - Allowance for doubtful accounts | |||
| Balance, beginning of period | $2,887 | $2,440 | $3,742 |
| Provision charged to expense | 46 | 679 | 197 |
| Reserve adjustments | 54 | (89) | (157) |
| Write-offs, net of recoveries | (905) | (143) | (1,342) |
| Balance, end of period | $2,082 | $2,887 | $2,440 |
| Finance receivables - Allowance for credit losses | |||
| Balance, beginning of period | $358,711 | $339,379 | $390,936 |
| Provision for credit losses | 227,158 | 145,133 | 25,049 |
| Charge-offs, net of recoveries | (203,903) | (125,801) | (76,606) |
| Balance, end of period | $381,966 | $358,711 | $339,379 |
| Inventories - Allowance for obsolescence(a) | |||
| Balance, beginning of period | $84,587 | $62,969 | $71,995 |
| Provision charged to expense | 45,093 | 29,060 | 5,659 |
| Reserve adjustments | 519 | (366) | (2,078) |
| Write-offs, net of recoveries | (19,953) | (7,076) | (12,607) |
| Balance, end of period | $110,246 | $84,587 | $62,969 |
| Deferred tax assets - Valuation allowance | |||
| Balance, beginning of period | $40,878 | $33,596 | $38,072 |
| Adjustments | 7,638 | 7,282 | (4,476) |
| Balance, end of period | $48,516 | $40,878 | $33,596 |
(a)Inventory obsolescence reserves deducted from cost determined on first-in, first-out (FIFO) basis, before deductions for last-in, first-out (LIFO) valuation reserves.
Various instruments relating to the Company’s long-term debt described in this report need not be filed herewith pursuant to Item 601(b)(4)(iii)(A) of Regulation S-K. The registrant, by signing this report, agrees to furnish the Securities and Exchange Commission, upon its request, with a copy of any such instrument.
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