Segment Information (Text Block)

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Segment Information [Text Block]

 Segment Information

In March 2013, we separated the management of our Energy operating segment into Electricity and Gas to allow each business line to develop its own go-to-market strategy, prioritize its marketing and product development requirements, and focus on its strategic investments. Our sales, marketing, and delivery functions are managed under three business lines - Electricity, Gas, and Water. Our product development and manufacturing operations are now managed on a worldwide basis to promote a global perspective in our operations and processes and still maintain alignment with the business lines. The transition to the new organizational structure, including changes to operations and financial reporting systems, was completed in the fourth quarter of 2013. Our historical segment information for the years ended December 31, 2012 and 2011 has been recast to reflect our new operating segments.

Our Water operating segment includes both our global water and heat solutions.

We have three measures of segment performance: revenue, gross profit (margin), and operating income (margin). Our operating segments have distinct products, and, therefore, intersegment revenues are minimal. Corporate operating expenses, interest income, interest expense, other income (expense), and income tax provision (benefit) are not allocated to the segments, nor included in the measure of segment profit or loss. In addition, we allocate only certain production assets and intangible assets to our operating segments. We do not manage the performance of the segments on a balance sheet basis.

Segment Products

Electricity	Standard electricity (electromechanical and electronic) meters; advanced electricity meters and communication modules; smart electricity meters; smart electricity communication modules; prepayment systems, including smart key, keypad, and smart card communication technologies; advanced systems, including handheld, mobile, and fixed network collection technologies; smart network technologies; meter data management software; knowledge application solutions; and professional services, including implementation, installation, consulting, and analysis.
Gas	Standard gas meters; advanced gas meters and communication modules; smart gas meters; smart gas communication modules; prepayment systems, including smart key, keypad, and smart card communication technologies; advanced systems, including handheld, mobile, and fixed network collection technologies; smart network technologies; meter data management software; knowledge application solutions; and professional services, including implementation, installation, consulting, and analysis.
Water	Standard water and heat meters; advanced and smart water meters and communication modules; advanced systems including handheld, mobile, and fixed network collection technologies; meter data management software; knowledge application solutions; and professional services including implementation, installation, consulting, analysis, and system management.

Revenues, gross profit, and operating income associated with our segments were as follows:

	Year Ended December 31,
	2013			2012			2011
	(in thousands)
Revenues
Electricity	$	836,553		$	1,024,340		$	1,239,428
Gas	570,297			627,193			672,999
Water	541,878			526,645			521,697
Total Company	$	1,948,728		$	2,178,178		$	2,434,124
Gross profit
Electricity	$	218,913		$	295,005		$	323,632
Gas	207,915			235,391			254,943
Water	187,705			184,751			167,883
Total Company	$	614,533		$	715,147		$	746,458
Operating income (loss)
Electricity	$	(235,908	)	$	24,812		$	(218,284	)
Gas	83,882			110,557			105,453
Water	63,252			59,210			(303,772		)
Corporate unallocated	(46,407		)	(43,453		)	(42,580		)
Total Company	(135,181		)	151,126			(459,183		)
Total other income (expense)	(13,073		)	(14,907		)	(42,583		)
Income (loss) before income taxes	$	(148,254	)	$	136,219		$	(501,766	)

For the year ended December 31, 2013, no single customer represented more than 10% of total Company or the Electricity, Gas or Water operating segment revenues.

For the year ended December 31, 2012, no single customer represented more than 10% of total Company or the Gas or Water operating segment revenues, and one customer accounted for 17% of the Electricity operating segment revenues.

For the year ended December 31, 2011, no single customer represented more than 10% of total Company or the Gas or Water operating segment revenues, and one customer from the Electricity operating segment accounted for 15% and a second customer accounted for 14% of the Electricity operating segment revenues.

Revenues by region were as follows:

	Year Ended December 31,
	2013		2012		2011
	(in thousands)
United States and Canada	$	851,295	$	1,014,739	$	1,182,775
Europe, Middle East, and Africa (EMEA)	858,026		878,615		899,642
Other	239,407		284,824		351,707
Total revenues	$	1,948,728	$	2,178,178	$	2,434,124

Property, plant, and equipment, net, by geographic area were as follows:

	At December 31,
	2013		2012		2011
	(in thousands)
United States	$	87,954	$	98,389	$	107,153
Outside United States	158,866		156,823		155,517
Total property, plant, and equipment, net	$	246,820	$	255,212	$	262,670

Depreciation and amortization expense associated with our segments was as follows:

	Year Ended December 31,
	2013		2012		2011
	(in thousands)
Electricity	$	46,535	$	52,113	$	62,860
Gas	27,266		29,968		34,275
Water	24,797		27,324		32,313
Corporate Unallocated	247		66		18
Total Company	$	98,845	$	109,471	$	129,466