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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues $ 504,063 $ 615,555 $ 1,654,843 $ 1,791,647
Cost of revenues 332,266 438,559 1,103,196 1,237,722
Gross profit 171,797 176,996 551,647 553,925
Operating expenses        
Sales and marketing 44,913 44,870 145,616 138,019
Product development 43,299 38,377 134,295 119,147
General and administrative 30,743 33,492 100,763 104,627
Amortization of intangible assets 11,929 16,013 35,867 47,807
Restructuring expense (5,054) 1,096 3,455 3,003
Goodwill impairment 0 540,400 0 540,400
Total operating expenses 125,830 674,248 419,996 953,003
Operating income (ioss) 45,967 (497,252) 131,651 (399,078)
Other income (expense)        
Interest income 297 155 667 631
Interest expense (2,551) (10,796) (7,594) (34,330)
Other income (expense), net (1,269) (1,402) (4,224) (4,342)
Total other income (expense) (3,523) (12,043) (11,151) (38,041)
Income Before Income Taxes 42,444 (509,295) 120,500 (437,119)
Income tax (provision) benefit (6,547) (6,042) (26,740) (15,529)
Net income (loss) 35,897 (515,337) 93,760 (452,648)
Net income attributable to noncontrolling interests 550 1,745 1,445 2,878
Net income (loss) attributable to Itron, Inc. $ 35,347 $ (517,082) $ 92,315 $ (455,526)
Earnings per common share-Basic $ 0.90 $ (12.70) $ 2.32 $ (11.21)
Earnings per common share-Diluted $ 0.89 $ (12.70) $ 2.31 $ (11.21)
Weighted average common shares outstanding-Basic 39,472 40,725 39,756 40,648
Weighted average common shares outstanding-Diluted 39,791 40,725 40,042 40,648