Harley Davidson 2014 Annual Report Download - page 88

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The fair values of the Company’s pension plan assets as of December€31, 2013 were as follows (in thousands):€
Balance as of
December 31, 2013
Quoted€Prices€in
Active€Markets€for
Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Assets:
Cash and cash equivalents $40,578 $—$40,578 $—
Equity holdings:
U.S. companies 519,405 516,444 2,961 —
Foreign companies 125,361 125,320 41 —
Harley-Davidson common stock 88,184 88,184 — —
Pooled equity funds 558,004 558,004 — —
Limited partnership interests 34,234 — — 34,234
Total equity holdings 1,325,188 1,287,952 3,002 34,234
Fixed-income holdings:
U.S. Treasuries 34,044 34,044 — —
Federal agencies 33,250 — 33,250 —
Corporate bonds 223,992 — 223,992 —
Pooled fixed income funds 212,465 51,959 160,506 —
Foreign bonds 40,885 — 40,885 —
Municipal bonds 10,199 — 10,199 —
Total fixed-income holdings 554,835 86,003 468,832 —
Total pension plan assets $1,920,601 $1,373,955 $512,412 $34,234
Included in the pension plan assets are 1,273,592 shares of the Company’s common stock with a market value of $88.2
million at December€31, 2013.
The following table presents a reconciliation of the fair value measurements using significant unobservable inputs (Level
3) as of December€31, 2013 (in thousands):€
Total
Limited€Partnership
Interests Other
Balance, beginning of period $36,582 $35,954 $628
Actual return on plan assets:
Relating to assets still held at the reporting date 2,951 2,951 —
Purchases, sales and settlements (5,299)(4,671)(628)
Balance, end of period $34,234 $34,234 $—
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