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Quarterly Results (Unaudited)
12 Months Ended
Dec. 31, 2013
Quarterly Results (Unaudited) [Abstract]  
Quarterly Financial Information [Text Block]
Quarterly Results (Unaudited)
 
 
First Quarter 
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Total Year
 
(in thousands, except per common share and stock price data)
  2013
 
 
 
 
 
 
 
 
 
Statement of operations data:
 
 
 
 
 
 
 
 
 
Revenues
$
447,536

 
$
482,175

 
$
495,491

 
$
523,526

 
$
1,948,728

Gross profit
140,123

 
159,588

 
150,084

 
164,738

 
614,533

Net income (loss) attributable to Itron, Inc.
2,570

 
12,399

 
(7,348
)
 
(154,430
)
 
(146,809
)
 
 
 
 
 
 
 
 
 
 
Earnings (loss) per common share - Basic
$
0.07

 
$
0.31

 
$
(0.19
)
 
$
(3.93
)
 
$
(3.74
)
Earnings (loss) per common share - Diluted
$
0.06

 
$
0.31

 
$
(0.19
)
 
$
(3.93
)
 
$
(3.74
)
 
 
 
 
 
 
 
 
 
 
Stock Price:
 
 
 
 
 
 
 
 
 
High
47.90

 
47.00

 
43.72

 
45.76

 
47.90

Low
41.50

 
39.15

 
37.16

 
38.79

 
37.16

 
 
 
 
 
 
 
 
 
 
  2012
 
 
 
 
 
 
 
 
 
Statement of operations data:
 
 
 
 
 
 
 
 
 
Revenues
$
571,640

 
$
579,140

 
$
504,063

 
$
523,335

 
$
2,178,178

Gross profit
183,105

 
196,745

 
171,797

 
163,500

 
715,147

Net income (loss) attributable to Itron, Inc.
25,353

 
31,615

 
35,347

 
15,960

 
108,275

 
 
 
 
 
 
 
 
 
 
Earnings (loss) per common share - Basic
$
0.64

 
$
0.79

 
$
0.90

 
$
0.40

 
$
2.73

Earnings (loss) per common share - Diluted
$
0.63

 
$
0.79

 
$
0.89

 
$
0.40

 
$
2.71

 
 
 
 
 
 
 
 
 
 
Stock Price:
 
 
 
 
 
 
 
 
 
High
48.23

 
45.42

 
45.85

 
45.26

 
48.23

Low
36.60

 
33.50

 
38.28

 
38.71

 
33.50

 

During 2013, we incurred a goodwill impairment charge of $173.2 million. In addition we incurred costs of $1.7 million in 2012 and $4.4 million in 2013 related to restructuring projects approved in 2011. Further, in 2013, new restructuring projects were approved to increase efficiency and lower our cost of manufacturing, for which we incurred costs of $31.1 million in 2013.