Harley Davidson 2013 Annual Report Download - page 76

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76
Recurring Fair Value Measurements
The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring
basis as of December 31 (in thousands):
Balance as of 2013
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Assets:
Cash equivalents $ 836,387 $ 516,173 $ 320,214 $ —
Marketable securities 129,181 30,172 99,009 —
Derivatives 1,932 — 1,932 —
$ 967,500 $ 546,345 $ 421,155 $ —
Liabilities:
Derivatives $ 3,925 $ — $ 3,925 $ —
Balance as of 2012
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Assets:
Cash equivalents $ 834,562 $ 672,274 $ 162,288 $ —
Marketable securities 154,051 18,417 135,634 —
Derivatives 317 — 317 —
$ 988,930 $ 690,691 $ 298,239 $ —
Liabilities:
Derivatives $ 7,920 $ — $ 7,920 $ —
9. Fair Value of Financial Instruments
The Company’s financial instruments consist primarily of cash and cash equivalents, marketable securities, trade
receivables, finance receivables, net, trade payables, debt, foreign currency contracts and interest rate swaps (derivative
instruments are discussed further in Note 10). Under U.S. GAAP certain of these items are required to be recorded in the
financial statements at fair value, while others are required to be recorded at historical cost.