Business Combinations Business Combinations (Tables)

9 Months Ended

Sep. 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 the acquisition date, May 1, 2012:

	Fair Value
	(in thousands)
Current assets(1)	$	12,412
Property, plant, and equipment	1,653
Intangible assets	43,400
Goodwill	46,881
Total assets acquired	104,346
Current liabilities	26,143
Long-term liabilities	465
Total liabilities assumed	26,608
Total net assets acquired	$	77,738

⁽¹⁾   Current assets include the fair value of accounts receivable of $6.1 million, which equals its contractual balance as it is considered fully collectible.

Schedule of Intangible Assets Acquired as Part of Business Combination [Table Text Block]

Intangible assets acquired were as follows:

	Fair Value		Weighted Average Useful Life
	(in thousands)		(in years)
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	19,400
Total identified intangible assets	$	43,400

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:

	July 1, 2012 - September 30, 2012			May 1, 2012 - September 30, 2012
	(in thousands)
Revenues	$	7,910		$	11,885
Net income (loss)	(3,808		)	(6,579		)

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 September 30,					Nine Months Ended September 30,
	2012		2011			2012		2011
	(in thousands)
Revenues	$	504,063	$	627,237		$	1,665,897	$	1,811,413
Net income (loss)	35,273		(519,943		)	87,220		(463,944		)