Harley Davidson 2014 Annual Report Download - page 88
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Please find page 88 of the 2014 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.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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