Other Comprehensive Income (Loss) (Text Block)

9 Months Ended

Sep. 30, 2014

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Other Comprehensive Income (Loss) [Text Block]

Other Comprehensive Income (Loss)

OCI is reflected as a net increase (decrease) to Itron, Inc. shareholders’ equity and is not reflected in our results of operations. The before-tax amount, income tax (provision) benefit, and net-of-tax amount related to each component of other comprehensive income (loss) during the reporting periods are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
	(in thousands)
Before-tax amount
Foreign currency translation adjustment	$	(49,820	)	$	21,992		$	(61,208	)	$	1,343
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	217			(1,021		)	(556		)	223
Net hedging loss (gain) reclassified into net income	430			274			1,275			274
Pension plan benefits liability adjustment	141			266			449			(17		)
Total other comprehensive income (loss), before tax	(49,032		)	21,511			(60,040		)	1,823
Tax (provision) benefit
Foreign currency translation adjustment	429			(73		)	448			(3,544		)
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	(83		)	343			212			(129		)
Net hedging loss (gain) reclassified into net income	(164		)	(104		)	(487		)	(104		)
Pension plan benefits liability adjustment	(43		)	(81		)	(136		)	5
Total other comprehensive income (loss) tax (provision) benefit	139			85			37			(3,772		)
Net-of-tax amount
Foreign currency translation adjustment	(49,391		)	21,919			(60,760		)	(2,201		)
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	134			(678		)	(344		)	94
Net hedging loss (gain) reclassified into net income	266			170			788			170
Pension plan benefits liability adjustment	98			185			313			(12		)
Total other comprehensive income (loss), net of tax	$	(48,893	)	$	21,596		$	(60,003	)	$	(1,949	)

The changes in the components of accumulated other comprehensive income (loss) (AOCI), net of tax, were as follows:

	Foreign Currency Translation Adjustments			Net Unrealized Gain (Loss) on Derivative Instruments			Net Unrealized Gain (Loss) on Nonderivative Instruments			Pension Plan Benefit Liability Adjustments			Total
	(in thousands)
Balances at January 1, 2013	$	(3,313	)	$	(1,689	)	$	(14,380	)	$	(15,002	)	$	(34,384	)
OCI before reclassifications	(2,201		)	94			—			—			(2,107		)
Amounts reclassified from AOCI	—			170			—			(12		)	158
Total other comprehensive income (loss)	(2,201		)	264			—			(12		)	(1,949		)
Balances at September 30, 2013	$	(5,514	)	$	(1,425	)	$	(14,380	)	$	(15,014	)	$	(36,333	)
Balances at January 1, 2014	$	3,799		$	(1,256	)	$	(14,380	)	$	(9,885	)	$	(21,722	)
OCI before reclassifications	(60,760		)	(344		)	—			627			(60,477		)
Amounts reclassified from AOCI	—			788			—			(314		)	474
Total other comprehensive income (loss)	(60,760		)	444			—			313			(60,003		)
Balances at September 30, 2014	$	(56,961	)	$	(812	)	$	(14,380	)	$	(9,572	)	$	(81,725	)

Details about the AOCI components reclassified to the Consolidated Statements of Operations during the reporting periods are as follows:

	Amount Reclassified from AOCI(1)
	Three Months Ended September 30,						Nine Months Ended September 30,						Affected Line Item in the Income Statement
	2014			2013			2014			2013
	(in thousands)
Amortization of defined benefit pension items
Prior-service costs	$	(17	)	$	(17	)	$	(53	)	$	(51	)	(2)
Actuarial losses	(118		)	(249		)	(363		)	(746		)	(2)
Other	(6		)	—			(35		)	—			(2)
Total, before tax	(141		)	(266		)	(451		)	(797		)	Income before income taxes
Tax benefit (provision)	43			81			137			243			Income tax provision
Total, net of tax	(98		)	(185		)	(314		)	(554		)	Net income
Total reclassifications for the period, net of tax	$	(98	)	$	(185	)	$	(314	)	$	(554	)	Net income

⁽¹⁾  Amounts in parenthesis indicate debits to the Consolidated Statements of Operations.

⁽²⁾  These AOCI components are included in the computation of net periodic pension cost. Refer to Note 8 for additional details.

Refer to Note 7 for additional details related to derivative activities that resulted in reclassification of AOCI to the Consolidated Statements of Operations.