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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues $ 489,353 $ 482,175 $ 964,148 $ 929,711
Cost of revenues 326,312 322,587 646,572 630,000
Gross profit 163,041 159,588 317,576 299,711
Operating expenses        
Sales and marketing 46,119 46,182 93,728 94,398
Product development 43,999 43,481 88,408 87,689
General and administrative 37,680 38,317 78,087 71,912
Amortization of intangible assets 11,109 10,247 22,179 20,991
Restructuring expense (7,793) 3,385 (2,269) 4,398
Goodwill impairment 0 0 977 0
Total operating expenses 131,114 141,612 281,110 279,388
Operating income 31,927 17,976 36,466 20,323
Other income (expense)        
Interest income 53 194 150 1,255
Interest expense (2,913) (2,336) (5,822) (4,674)
Other income (expense), net (1,375) (1,742) (3,873) (2,559)
Total other income (expense) (4,235) (3,884) (9,545) (5,978)
Income before income taxes 27,692 14,092 26,921 14,345
Income tax benefit (provision) (7,848) (1,896) (7,195) 1,347
Net income 19,844 12,196 19,726 15,692
Net income (loss) attributable to noncontrolling interests 585 (203) 721 723
Net income attributable to Itron, Inc. $ 19,259 $ 12,399 $ 19,005 $ 14,969
Earnings per common share - Basic $ 0.49 $ 0.31 $ 0.48 $ 0.38
Earnings per common share - Diluted $ 0.49 $ 0.31 $ 0.48 $ 0.38
Weighted average common shares outstanding - Basic 39,356 39,431 39,296 39,426
Weighted average common shares outstanding - Diluted 39,544 39,678 39,528 39,724