Business Combinations Business Combinations (Tables)

6 Months Ended

Jun. 30, 2012

Business Acquisition [Line Items]

Schedule of Purchase Price Allocation [Table Text Block]

The following reflects our preliminary allocation of purchase price as of May 1, 2012:

	Fair Value			Weighted Average Useful Life
	(in thousands)			(in years)
Current assets(1)	$	13,928
Property, plant, and equipment	1,653
Identified intangible assets
Core-developed technology	15,100			7
Customer contracts and relationships	8,900			11
Total identified intangible assets subject to amortization	24,000			8
In-process research and development (IPR&D)	19,400
Total identified intangible assets	43,400
Goodwill	42,620
Current liabilities	(22,593		)
Long-term liabilities	(263		)
Total net assets acquired	$	78,745

⁽¹⁾   Current assets include the fair value of accounts receivable of $7.6 million, which equals its contractual balance as it is considered fully collectible.

Schedule of Revenues and Earnings Attributable to an Acquired Business [Table Text Block]

The following table presents the revenues and net income (loss) from SmartSynch's operations that are included in our consolidated statements of operations:

	May 1, 2012 - June 30, 2012
	(in thousands)
Revenues	$	3,975
Net income (loss)	(2,771		)

Business Acquisition, Pro Forma Information [Table Text Block]

The following supplemental pro forma results are based on the individual historical results of Itron and SmartSynch, with adjustments to give effect to the combined operations as if the acquisition had been consummated on January 1, 2011.

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
	(in thousands)
Revenues	$	584,561	$	616,446	$	1,161,834	$	1,184,176
Net income	28,352		32,063		50,571		56,478