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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues $ 579,140 $ 612,401 $ 1,150,780 $ 1,176,092
Cost of revenues 382,395 420,450 770,930 799,163
Gross profit 196,745 191,951 379,850 376,929
Operating expenses        
Sales and marketing 50,847 48,671 100,703 93,149
Product development 46,640 40,628 90,996 80,770
General and administrative 33,450 36,463 70,020 71,135
Amortization of intangible assets 12,025 16,197 23,938 31,794
Restructuring expense 7,720 1,907 8,509 1,907
Total operating expenses 150,682 143,866 294,166 278,755
Operating Income (Loss) 46,063 48,085 85,684 98,174
Other income (expense)        
Interest income 177 168 370 476
Interest expense (2,606) (11,420) (5,043) (23,534)
Other income (expense), net (779) (1,350) (2,955) (2,940)
Total other income (expense) (3,208) (12,602) (7,628) (25,998)
Income Before Income Taxes 42,855 35,483 78,056 72,176
Income tax (provision) benefit (10,564) 80 (20,193) (9,487)
Net income 32,291 35,563 57,863 62,689
Net income attributable to noncontrolling interests 676 1,127 895 1,133
Net income attributable to Itron, Inc. $ 31,615 $ 34,436 $ 56,968 $ 61,556
Earnings per common share-Basic $ 0.79 $ 0.85 $ 1.43 $ 1.52
Earnings per common share-Diluted $ 0.79 $ 0.84 $ 1.42 $ 1.50
Weighted average common shares outstanding-Basic 39,887 40,670 39,900 40,608
Weighted average common shares outstanding-Diluted 40,126 41,077 40,170 41,059