Harley Davidson 2012 Annual Report Download - page 90
Download and view the complete annual report
Please find page 90 of the 2012 Harley Davidson annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.90
The fair values of the Company’s pension plan assets as of December 31, 2012 are as follows (in thousands):
Balance as of
December 31, 2012
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 $ 42,625 $ — $ 42,625 $ —
Equity holdings:
U.S. companies 540,579 540,578 1 —
Foreign companies 85,415 85,415 — —
Harley-Davidson common stock 62,189 62,189 — —
Pooled equity funds 309,878 309,878 — —
Limited partnership interests 35,954 — — 35,954
Other 628 — — 628
Total equity holdings 1,034,643 998,060 1 36,582
Fixed-income holdings:
U.S. Treasuries 55,014 55,014 — —
Federal agencies 14,302 — 14,302 —
Corporate bonds 189,643 — 189,643 —
Pooled fixed income funds 165,192 48,528 116,664 —
Foreign bonds 29,149 — 29,149 —
Municipal bonds 8,450 — 8,450 —
Total fixed-income holdings 461,750 103,542 358,208 —
Total pension plan assets $ 1,539,018 $ 1,101,602 $ 400,834 $ 36,582
Included in the pension plan assets are 1,273,592 shares of the Company’s common stock with a market value of $62.2
million at December 31, 2012.
The following table presents a reconciliation of the fair value measurements using significant unobservable inputs (Level
3) as of December 31, 2012 (in thousands):
Total Limited Partnership
Interests Other
Balance, beginning of period $ 42,127 $ 40,016 $ 2,111
Actual return on plan assets:
Relating to assets still held at the reporting date (820)(930) 110
Purchases, sales and settlements (4,725)(3,132)(1,593)
Balance, end of period $ 36,582 $ 35,954 $ 628