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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues $ 469,092 $ 496,454 $ 1,387,442 $ 1,460,602
Cost of revenues 322,126 345,692 983,706 992,264
Gross profit 146,966 150,762 403,736 468,338
Operating expenses        
Sales and marketing 39,217 44,484 123,302 138,212
Product development 41,559 42,303 126,399 130,711
General and administrative 31,118 36,542 103,195 114,629
Amortization of intangible assets 7,869 10,917 23,730 33,096
Restructuring (5) 58 (9,686) (2,211)
Goodwill impairment 0 0 0 977
Total operating expenses 119,758 134,304 366,940 415,414
Operating income 27,208 16,458 36,796 52,924
Other income (expense)        
Interest income 180 163 440 313
Interest expense (2,799) (3,015) (9,336) (8,837)
Other income (expense), net (1,120) (1,569) (3,003) (5,442)
Total other income (expense) (3,739) (4,421) (11,899) (13,966)
Income before income taxes 23,469 12,037 24,897 38,958
Income tax provision (10,144) (4,484) (19,673) (11,679)
Net income 13,325 7,553 5,224 27,279
Net income attributable to noncontrolling interests 630 245 1,817 966
Net income attributable to Itron, Inc. $ 12,695 $ 7,308 $ 3,407 $ 26,313
Earnings per common share - Basic $ 0.33 $ 0.19 $ 0.09 $ 0.67
Earnings per common share - Diluted $ 0.33 $ 0.19 $ 0.09 $ 0.67
Weighted average common shares outstanding - Basic 38,114 39,213 38,329 39,268
Weighted average common shares outstanding - Diluted 38,358 39,493 38,591 39,516