Revision of Prior Period Financial Statements (Tables)

12 Months Ended

Dec. 31, 2015

Error Corrections and Prior Period Adjustments Restatement [Line Items]

Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]

Statement of operations data:	Year Ended December 31, 2014
	As Previously Reported			Adjustments			As Revised
	(in thousands, except per share data)
Revenues	$	1,970,697		$	(23,081	)	$	1,947,616
Cost of revenues	1,347,572			(14,006		)	1,333,566
Gross profit	623,125			(9,075		)	614,050
Operating expenses
Sales and marketing	185,239			(2,736		)	182,503
Product development	175,500			—			175,500
General and administrative	163,101			(635		)	162,466
Amortization of intangible assets	43,619			—			43,619
Restructuring	50,857			(1,375		)	49,482
Goodwill impairment	977			(977		)	—
Total operating expenses	619,293			(5,723		)	613,570
Operating income (loss)	3,832			(3,352		)	480
Other income (expense)
Interest income	494			—			494
Interest expense	(11,602		)	—			(11,602		)
Other income (expense), net	(7,633		)	(4		)	(7,637		)
Total other income (expense)	(18,741		)	(4		)	(18,745		)
Income (loss) before income taxes	(14,909		)	(3,356		)	(18,265		)
Income tax (provision) benefit	(6,641		)	2,606			(4,035		)
Net income (loss)	(21,550		)	(750		)	(22,300		)
Net income attributable to noncontrolling interests	1,370			—			1,370
Net income (loss) attributable to Itron, Inc.	$	(22,920	)	$	(750	)	$	(23,670	)
Earnings (loss) per common share - Basic	$	(0.58	)	$	(0.02	)	$	(0.60	)
Earnings (loss) per common share - Diluted	$	(0.58	)	$	(0.02	)	$	(0.60	)
Weighted average common shares outstanding - Basic	39,184			—			39,184
Weighted average common shares outstanding - Diluted	39,184			—			39,184

Statement of operations data:	Year Ended December 31, 2013
	As Previously Reported			Adjustments			As Revised
	(in thousands, except per share data)
Revenues	$	1,948,728		$	(10,703	)	$	1,938,025
Cost of revenues	1,334,195			(10,938		)	1,323,257
Gross profit	614,533			235			614,768
Operating expenses
Sales and marketing	180,371			2,316			182,687
Product development	176,019			(599		)	175,420
General and administrative	142,559			1,373			143,932
Amortization of intangible assets	42,019			—			42,019
Restructuring	35,497			850			36,347
Goodwill impairment	173,249			977			174,226
Total operating expenses	749,714			4,917			754,631
Operating income (loss)	(135,181		)	(4,682		)	(139,863		)
Other income (expense)
Interest income	1,620			(468		)	1,152
Interest expense	(10,686		)	—			(10,686		)
Other income (expense), net	(4,007		)	4			(4,003		)
Total other income (expense)	(13,073		)	(464		)	(13,537		)
Income (loss) before income taxes	(148,254		)	(5,146		)	(153,400		)
Income tax (provision) benefit	3,664			(1,198		)	2,466
Net income (loss)	(144,590		)	(6,344		)	(150,934		)
Net income attributable to noncontrolling interests	2,219			—			2,219
Net income (loss) attributable to Itron, Inc.	$	(146,809	)	$	(6,344	)	$	(153,153	)
Earnings (loss) per common share - Basic	$	(3.74	)	$	(0.16	)	$	(3.90	)
Earnings (loss) per common share - Diluted	$	(3.74	)	$	(0.16	)	$	(3.90	)
Weighted average common shares outstanding - Basic	39,281			—			39,281
Weighted average common shares outstanding - Diluted	39,281			—			39,281

Statement of Comprehensive Income (loss) data:	Year Ended December 31, 2014
	As Previously Reported			Adjustments			As Revised
	(in thousands)
Net income (loss)	$	(21,550	)	$	(750	)	$	(22,300	)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(90,333		)	1,036			(89,297		)
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges	488			—			488
Pension plan benefits liability adjustment	(24,947		)	—			(24,947		)
Total other comprehensive income (loss), net of tax	(114,792		)	1,036			(113,756		)
Total comprehensive income (loss), net of tax	(136,342		)	286			(136,056		)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax:
Net income attributable to noncontrolling interests	1,370			—			1,370
Foreign currency translation adjustments	—			—			—
Amounts attributable to noncontrolling interests	1,370			—			1,370
Comprehensive income (loss) attributable to Itron, Inc.	$	(137,712	)	$	286		$	(137,426	)

Statement of Comprehensive Income (loss) data:	Year Ended December 31, 2013
	As Previously Reported			Adjustments			As Revised
	(in thousands)
Net income (loss)	$	(144,590	)	$	(6,344	)	$	(150,934	)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	7,077			827			7,904
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges	433			—			433
Pension plan benefits liability adjustment	5,117			—			5,117
Total other comprehensive income (loss), net of tax	12,627			827			13,454
Total comprehensive income (loss), net of tax	(131,963		)	(5,517		)	(137,480		)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax:
Net income attributable to noncontrolling interests	2,219			—			2,219
Foreign currency translation adjustments	(35		)	—			(35		)
Amounts attributable to noncontrolling interests	2,184			—			2,184
Comprehensive income (loss) attributable to Itron, Inc.	$	(134,147	)	$	(5,517	)	$	(139,664	)

Balance Sheet Data:	As of December 31, 2014
	As Previously Reported			Adjustments			As Revised
	(in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	112,371		$	—		$	112,371
Accounts receivable, net	348,389			(1,842		)	346,547
Inventories	154,504			(283		)	154,221
Deferred tax assets current, net	39,115			6,389			45,504
Other current assets	104,307			19,512			123,819
Total current assets	758,686			23,776			782,462
Property, plant, and equipment, net	207,789			(637		)	207,152
Deferred tax assets noncurrent, net	74,598			(159		)	74,439
Other long-term assets	28,503			18,462			46,965
Intangible assets, net	139,909			—			139,909
Goodwill	500,820			—			500,820
Total assets	$	1,710,305		$	41,442		$	1,751,747
LIABILITIES AND EQUITY
Current liabilities
Accounts payable	$	184,132		$	(301	)	$	183,831
Other current liabilities	100,945			370			101,315
Wages and benefits payable	95,248			(430		)	94,818
Taxes payable	21,951			—			21,951
Current portion of debt	30,000			—			30,000
Current portion of warranty	21,063			82			21,145
Unearned revenue	43,436			23,573			67,009
Total current liabilities	496,775			23,294			520,069
Long-term debt	293,969			—			293,969
Long-term warranty	15,403			—			15,403
Pension plan benefit liability	101,432			430			101,862
Deferred tax liabilities noncurrent, net	3,808			—			3,808
Other long-term obligations	84,437			33,657			118,094
Total liabilities	995,824			57,381			1,053,205
Commitments and contingencies (Note 13)
Equity
Preferred stock	—			—			—
Common stock	1,270,045			—			1,270,045
Accumulated other comprehensive loss, net	(136,514		)	1,454			(135,060		)
Accumulated deficit	(436,591		)	(17,393		)	(453,984		)
Total Itron, Inc. shareholders' equity	696,940			(15,939		)	681,001
Noncontrolling interests	17,541			—			17,541
Total equity	714,481			(15,939		)	698,542
Total liabilities and equity	$	1,710,305		$	41,442		$	1,751,747

Statement of cash flows data:	Year Ended December 31, 2014
	As Previously Reported			Adjustments			As Revised
	(in thousands)
Operating activities
Net income (loss)	$	(21,550	)	$	(750	)	$	(22,300	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	98,463			(324		)	98,139
Stock-based compensation	17,860			—			17,860
Amortization of prepaid debt fees	1,612			—			1,612
Deferred taxes, net	(31,542		)	(3,215		)	(34,757		)
Goodwill impairment	977			(977		)	—
Restructuring, non-cash	5,220			(48		)	5,172
Other adjustments, net	914			—			914
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	(16,789		)	1,670			(15,119		)
Inventories	6,021			1,187			7,208
Other current assets	(9,447		)	(1,500		)	(10,947		)
Other long-term assets	1,582			(14,122		)	(12,540		)
Accounts payables, other current liabilities, and taxes payable	55,924			234			56,158
Wages and benefits payable	10,334			(2,832		)	7,502
Unearned revenue	9,240			21,344			30,584
Warranty	(6,364		)	(933		)	(7,297		)
Other operating, net	10,518			266			10,784
Net cash provided by operating activities	132,973			—			132,973
Investing activities
Acquisitions of property, plant, and equipment	(44,495		)	—			(44,495		)
Business acquisitions, net of cash equivalents acquired	—			—			—
Other investing, net	2,999			—			2,999
Net cash used in investing activities	(41,496		)	—			(41,496		)
Financing activities
Proceeds from borrowings	47,657			—			47,657
Payments on debt	(102,438		)	—			(102,438		)
Issuance of common stock	3,647			—			3,647
Repurchase of common stock	(39,665		)	—			(39,665		)
Other financing, net	(1,078		)	—			(1,078		)
Net cash provided by (used in) financing activities	(91,877		)	—			(91,877		)
Effect of foreign exchange rate changes on cash and cash equivalents	(12,034		)	—			(12,034		)
Increase (decrease) in cash and cash equivalents	(12,434		)	—			(12,434		)
Cash and cash equivalents at beginning of period	124,805			—			124,805
Cash and cash equivalents at end of period	$	112,371		$	—		$	112,371
Supplemental disclosure of cash flow information:
Cash paid during the period for:
Income taxes, net	$	18,222		$	—		$	18,222
Interest, net of amounts capitalized	9,912			—			9,912

Statement of cash flows data:	Year Ended December 31, 2013
	As Previously Reported			Adjustments			As Revised
	(in thousands)
Operating activities
Net income (loss)	$	(144,590	)	$	(6,344	)	$	(150,934	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	98,845			401			99,246
Stock-based compensation	18,850			—			18,850
Amortization of prepaid debt fees	1,657			—			1,657
Deferred taxes, net	(26,757		)	1,449			(25,308		)
Goodwill impairment	173,249			977			174,226
Restructuring, non-cash	1,259			—			1,259
Other adjustments, net	551			—			551
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	13,652			(1,920		)	11,732
Inventories	(10,861		)	(1,530		)	(12,391		)
Other current assets	(4,143		)	(5,807		)	(9,950		)
Other long-term assets	1,093			(3,391		)	(2,298		)
Accounts payables, other current liabilities, and taxes payable	(7,702		)	3,236			(4,466		)
Wages and benefits payable	(1,995		)	173			(1,822		)
Unearned revenue	(3,274		)	12,018			8,744
Warranty	(7,552		)	1,006			(6,546		)
Other operating, net	3,139			(268		)	2,871
Net cash provided by operating activities	105,421			—			105,421
Investing activities
Acquisitions of property, plant, and equipment	(60,020		)	—			(60,020		)
Business acquisitions, net of cash equivalents acquired	(860		)	—			(860		)
Other investing, net	4,109			—			4,109
Net cash used in investing activities	(56,771		)	—			(56,771		)
Financing activities
Proceeds from borrowings	35,000			—			35,000
Payments on debt	(73,750		)	—			(73,750		)
Issuance of common stock	5,299			—			5,299
Repurchase of common stock	(26,977		)	—			(26,977		)
Other financing, net	2,990			—			2,990
Net cash provided by (used in) financing activities	(57,438		)	—			(57,438		)
Effect of foreign exchange rate changes on cash and cash equivalents	(2,818		)	—			(2,818		)
Increase (decrease) in cash and cash equivalents	(11,606		)	—			(11,606		)
Cash and cash equivalents at beginning of period	136,411			—			136,411
Cash and cash equivalents at end of period	$	124,805		$	—		$	124,805
Supplemental disclosure of cash flow information:
Cash paid during the period for:
Income taxes, net	$	18,659		$	—		$	18,659
Interest, net of amounts capitalized	9,026			—			9,026