Quarterly Results (Unaudited) Quarterly Results (Tables)

12 Months Ended

Dec. 31, 2015

Quarterly Results (Unaudited) [Abstract]

Schedule of Quarterly Financial Information [Table Text Block]

	First Quarter			Second Quarter			Third Quarter		Fourth Quarter			Total Year
	(in thousands, except per share data)
2015
Statement of operations data (unaudited):
Revenues	$	446,746		$	470,811		$	469,528	$	496,448		$	1,883,533
Gross profit	138,422			118,554			147,290		152,419			556,685
Net income (loss) attributable to Itron, Inc.	5,398			(14,346		)	12,640		8,986			12,678
Earnings (loss) per common share - Basic(1)	$	0.14		$	(0.37	)	$	0.33	$	0.23		$	0.33
Earnings (loss) per common share - Diluted(1)	$	0.14		$	(0.37	)	$	0.33	$	0.23		$	0.33
	First Quarter			Second Quarter			Third Quarter		Fourth Quarter			Total Year
	(in thousands, except per share data)
2014
Statement of operations data (unaudited):
Revenues	$	472,429		$	482,314		$	482,352	$	510,521		$	1,947,616
Gross profit	152,823			160,687			145,299		155,241			614,050
Net income (loss) attributable to Itron, Inc.	(1,050		)	20,836			3,585		(47,041		)	(23,670		)
Earnings (loss) per common share - Basic(1)	$	(0.03	)	$	0.53		$	0.09	$	(1.21	)	$	(0.60	)
Earnings (loss) per common share - Diluted(1)	$	(0.03	)	$	0.53		$	0.09	$	(1.21	)	$	(0.60	)

⁽¹⁾  The sum of the quarterly earnings per share data presented in the table may not equal the annual results due to rounding and the impact of dilutive securities on the annual versus the quarterly earnings per share calculations.

The following tables present the effects of the adjustments made to our previously reported unaudited quarterly financial information for the first three quarters of the years ended December 31, 2015 and 2014:

Statement of operations data (unaudited):	Three Months Ended March 31, 2015
	As Previously Reported			Adjustments			As Revised
	(in thousands, except per share data)
Revenues	$	448,247		$	(1,501	)	$	446,746
Cost of revenues	310,048			(1,724		)	308,324
Gross profit	138,199			223			138,422
Operating expenses
Sales and marketing	41,027			—			41,027
Product development	41,522			—			41,522
General and administrative	39,585			—			39,585
Amortization of business acquisition-related intangible assets	7,973			—			7,973
Restructuring expense	(5,447		)	266			(5,181		)
Goodwill impairment	—			—			—
Total operating expenses	124,660			266			124,926
Operating income (loss)	13,539			(43		)	13,496
Other income (expense)
Interest income	47			1			48
Interest expense	(2,682		)	—			(2,682		)
Other income (expense), net	24			(3		)	21
Total other income (expense)	(2,611		)	(2		)	(2,613		)
Income (loss) before income taxes	10,928			(45		)	10,883
Income tax (provision) benefit	(5,563		)	533			(5,030		)
Net income (loss)	5,365			488			5,853
Net income attributable to noncontrolling interests	455			—			455
Net income (loss) attributable to Itron, Inc.	$	4,910		$	488		$	5,398
Earnings (loss) per common share - Basic	$	0.13		$	0.01		$	0.14
Earnings (loss) per common share - Diluted	$	0.13		$	0.01		$	0.14
Weighted average common shares outstanding - Basic	38,442			—			38,442
Weighted average common shares outstanding - Diluted	38,758			—			38,758

Statement of operations data (unaudited):	Three Months Ended June 30, 2015									Six Months Ended June 30, 2015
	As Previously Reported			Adjustments			As Revised			As Previously Reported			Adjustments			As Revised
	(in thousands, except per share data)
Revenues	$	470,103		$	708		$	470,811		$	918,350		$	(793	)	$	917,557
Cost of revenues	351,532			725			352,257			661,580			(999		)	660,581
Gross profit	118,571			(17		)	118,554			256,770			206			256,976
Operating expenses
Sales and marketing	43,058			—			43,058			84,085			—			84,085
Product development	43,318			—			43,318			84,840			—			84,840
General and administrative	32,492			—			32,492			72,077			—			72,077
Amortization of business acquisition-related intangible assets	7,888			—			7,888			15,861			—			15,861
Restructuring expense	(4,234		)	—			(4,234		)	(9,681		)	266			(9,415		)
Goodwill impairment	—			—			—			—			—			—
Total operating expenses	122,522			—			122,522			247,182			266			247,448
Operating income (loss)	(3,951		)	(17		)	(3,968		)	9,588			(60		)	9,528
Other income (expense)
Interest income	213			(1		)	212			260			—			260
Interest expense	(3,855		)	—			(3,855		)	(6,537		)	—			(6,537		)
Other income (expense), net	(1,907		)	2			(1,905		)	(1,883		)	(1		)	(1,884		)
Total other income (expense)	(5,549		)	1			(5,548		)	(8,160		)	(1		)	(8,161		)
Income (loss) before income taxes	(9,500		)	(16		)	(9,516		)	1,428			(61		)	1,367
Income tax (provision) benefit	(3,966		)	(132		)	(4,098		)	(9,529		)	401			(9,128		)
Net income (loss)	(13,466		)	(148		)	(13,614		)	(8,101		)	340			(7,761		)
Net income attributable to noncontrolling interests	732			—			732			1,187			—			1,187
Net income (loss) attributable to Itron, Inc.	$	(14,198	)	$	(148	)	$	(14,346	)	$	(9,288	)	$	340		$	(8,948	)
Earnings (loss) per common share - Basic	$	(0.37	)	$	—		$	(0.37	)	$	(0.24	)	$	0.01		$	(0.23	)
Earnings (loss) per common share - Diluted	$	(0.37	)	$	—		$	(0.37	)	$	(0.24	)	$	0.01		$	(0.23	)
Weighted average common shares outstanding - Basic	38,434			—			38,434			38,438			—			38,438
Weighted average common shares outstanding - Diluted	38,434			—			38,434			38,438			—			38,438

Statement of operations data (unaudited):	Three Months Ended September 30, 2015									Nine Months Ended September 30, 2015
	As Previously Reported			Adjustments			As Revised			As Previously Reported			Adjustments			As Revised
	(in thousands, except per share data)
Revenues	$	469,092		$	436		$	469,528		$	1,387,442		$	(357	)	$	1,387,085
Cost of revenues	322,126			112			322,238			983,706			(887		)	982,819
Gross profit	146,966			324			147,290			403,736			530			404,266
Operating expenses
Sales and marketing	39,217			—			39,217			123,302			—			123,302
Product development	41,559			—			41,559			126,399			—			126,399
General and administrative	31,118			—			31,118			103,195			—			103,195
Amortization of business acquisition-related intangible assets	7,869			—			7,869			23,730			—			23,730
Restructuring expense	(5		)	592			587			(9,686		)	858			(8,828		)
Goodwill impairment	—			—			—			—			—			—
Total operating expenses	119,758			592			120,350			366,940			858			367,798
Operating income (loss)	27,208			(268		)	26,940			36,796			(328		)	36,468
Other income (expense)
Interest income	180			—			180			440			—			440
Interest expense	(2,799		)	—			(2,799		)	(9,336		)	—			(9,336		)
Other income (expense), net	(1,120		)	1			(1,119		)	(3,003		)	—			(3,003		)
Total other income (expense)	(3,739		)	1			(3,738		)	(11,899		)	—			(11,899		)
Income (loss) before income taxes	23,469			(267		)	23,202			24,897			(328		)	24,569
Income tax (provision) benefit	(10,144		)	212			(9,932		)	(19,673		)	613			(19,060		)
Net income (loss)	13,325			(55		)	13,270			5,224			285			5,509
Net income attributable to noncontrolling interests	630			—			630			1,817			—			1,817
Net income (loss) attributable to Itron, Inc.	$	12,695		$	(55	)	$	12,640		$	3,407		$	285		$	3,692
Earnings (loss) per common share - Basic	$	0.33		$	—		$	0.33		$	0.09		$	0.01		$	0.10
Earnings (loss) per common share - Diluted	$	0.33		$	—		$	0.33		$	0.09		$	0.01		$	0.10
Weighted average common shares outstanding - Basic	38,114			—			38,114			38,329			—			38,329
Weighted average common shares outstanding - Diluted	38,358			—			38,358			38,591			—			38,591

Statement of operations data (unaudited):	Three Months Ended March 31, 2014
	As Previously Reported			Adjustments			As Revised
	(in thousands, except per share data)
Revenues	$	474,795		$	(2,366	)	$	472,429
Cost of revenues	320,260			(654		)	319,606
Gross profit	154,535			(1,712		)	152,823
Operating expenses
Sales and marketing	47,609			(2,000		)	45,609
Product development	44,409			25			44,434
General and administrative	40,407			(543		)	39,864
Amortization of business acquisition-related intangible assets	11,070			—			11,070
Restructuring expense	5,524			859			6,383
Goodwill impairment	977			(977		)	—
Total operating expenses	149,996			(2,636		)	147,360
Operating income (loss)	4,539			924			5,463
Other income (expense)
Interest income	97			—			97
Interest expense	(2,909		)	(1		)	(2,910		)
Other income (expense), net	(2,498		)	(5		)	(2,503		)
Total other income (expense)	(5,310		)	(6		)	(5,316		)
Income (loss) before income taxes	(771		)	918			147
Income tax (provision) benefit	653			(1,714		)	(1,061		)
Net income (loss)	(118		)	(796		)	(914		)
Net income attributable to noncontrolling interests	136			—			136
Net income (loss) attributable to Itron, Inc.	$	(254	)	$	(796	)	$	(1,050	)
Earnings (loss) per common share - Basic	$	(0.01	)	$	(0.02	)	$	(0.03	)
Earnings (loss) per common share - Diluted	$	(0.01	)	$	(0.02	)	$	(0.03	)
Weighted average common shares outstanding - Basic	39,235			—			39,235
Weighted average common shares outstanding - Diluted	39,235			—			39,235

Statement of operations data (unaudited):	Three Months Ended June 30, 2014									Six Months Ended June 30, 2014
	As Previously Reported			Adjustments			As Revised			As Previously Reported			Adjustments			As Revised
	(in thousands, except per share data)
Revenues	$	489,353		$	(7,039	)	$	482,314		$	964,148		$	(9,405	)	$	954,743
Cost of revenues	326,312			(4,685		)	321,627			646,572			(5,339		)	641,233
Gross profit	163,041			(2,354		)	160,687			317,576			(4,066		)	313,510
Operating expenses
Sales and marketing	46,119			(748		)	45,371			93,728			(2,748		)	90,980
Product development	43,999			(41		)	43,958			88,408			(16		)	88,392
General and administrative	37,680			349			38,029			78,087			(194		)	77,893
Amortization of business acquisition-related intangible assets	11,109			—			11,109			22,179			—			22,179
Restructuring expense	(7,793		)	(864		)	(8,657		)	(2,269		)	(5		)	(2,274		)
Goodwill impairment	—			—			—			977			(977		)	—
Total operating expenses	131,114			(1,304		)	129,810			281,110			(3,940		)	277,170
Operating income (loss)	31,927			(1,050		)	30,877			36,466			(126		)	36,340
Other income (expense)
Interest income	53			—			53			150			—			150
Interest expense	(2,913		)	1			(2,912		)	(5,822		)	—			(5,822		)
Other income (expense), net	(1,375		)	1			(1,374		)	(3,873		)	(4		)	(3,877		)
Total other income (expense)	(4,235		)	2			(4,233		)	(9,545		)	(4		)	(9,549		)
Income (loss) before income taxes	27,692			(1,048		)	26,644			26,921			(130		)	26,791
Income tax (provision) benefit	(7,848		)	2,625			(5,223		)	(7,195		)	911			(6,284		)
Net income (loss)	19,844			1,577			21,421			19,726			781			20,507
Net income attributable to noncontrolling interests	585			—			585			721			—			721
Net income (loss) attributable to Itron, Inc.	$	19,259		$	1,577		$	20,836		$	19,005		$	781		$	19,786
Earnings (loss) per common share - Basic	$	0.49		$	0.04		$	0.53		$	0.48		$	0.02		$	0.50
Earnings (loss) per common share - Diluted	$	0.49		$	0.04		$	0.53		$	0.48		$	0.02		$	0.50
Weighted average common shares outstanding - Basic	39,356			—			39,356			39,296			—			39,296
Weighted average common shares outstanding - Diluted	39,544			—			39,544			39,528			—			39,528

Statement of operations data (unaudited):	Three Months Ended September 30, 2014									Nine Months Ended September 30, 2014
	As Previously Reported			Adjustments			As Revised			As Previously Reported			Adjustments			As Revised
	(in thousands, except per share data)
Revenues	$	496,454		$	(14,102	)	$	482,352		$	1,460,602		$	(23,507	)	$	1,437,095
Cost of revenues	345,692			(8,639		)	337,053			992,264			(13,978		)	978,286
Gross profit	150,762			(5,463		)	145,299			468,338			(9,529		)	458,809
Operating expenses
Sales and marketing	44,484			75			44,559			138,212			(2,673		)	135,539
Product development	42,303			54			42,357			130,711			38			130,749
General and administrative	36,542			61			36,603			114,629			(133		)	114,496
Amortization of business acquisition-related intangible assets	10,917			—			10,917			33,096			—			33,096
Restructuring expense	58			(1		)	57			(2,211		)	(6		)	(2,217		)
Goodwill impairment	—			—			—			977			(977		)	—
Total operating expenses	134,304			189			134,493			415,414			(3,751		)	411,663
Operating income (loss)	16,458			(5,652		)	10,806			52,924			(5,778		)	47,146
Other income (expense)
Interest income	163			—			163			313			—			313
Interest expense	(3,015		)	—			(3,015		)	(8,837		)	—			(8,837		)
Other income (expense), net	(1,569		)	2			(1,567		)	(5,442		)	(2		)	(5,444		)
Total other income (expense)	(4,421		)	2			(4,419		)	(13,966		)	(2		)	(13,968		)
Income (loss) before income taxes	12,037			(5,650		)	6,387			38,958			(5,780		)	33,178
Income tax (provision) benefit	(4,484		)	1,927			(2,557		)	(11,679		)	2,838			(8,841		)
Net income (loss)	7,553			(3,723		)	3,830			27,279			(2,942		)	24,337
Net income attributable to noncontrolling interests	245			—			245			966			—			966
Net income (loss) attributable to Itron, Inc.	$	7,308		$	(3,723	)	$	3,585		$	26,313		$	(2,942	)	$	23,371
Earnings (loss) per common share - Basic	$	0.19		$	(0.10	)	$	0.09		$	0.67		$	(0.07	)	$	0.60
Earnings (loss) per common share - Diluted	$	0.19		$	(0.10	)	$	0.09		$	0.67		$	(0.08	)	$	0.59
Weighted average common shares outstanding - Basic	39,213			—			39,213			39,268			—			39,268
Weighted average common shares outstanding - Diluted	39,493			—			39,493			39,516			—			39,516

Statement of Comprehensive Income (loss) (unaudited):	Three Months Ended March 31, 2015
	As Previously Reported			Adjustments		As Revised
	(in thousands)
Net income (loss)	$	5,365		$	488	$	5,853
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(61,090		)	771		(60,319		)
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges	(114		)	—		(114		)
Pension plan benefits liability adjustment	504			—		504
Total other comprehensive income (loss), net of tax	(60,700		)	771		(59,929		)
Total comprehensive income (loss), net of tax	(55,335		)	1,259		(54,076		)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	455			—		455
Comprehensive income (loss) attributable to Itron, Inc.	$	(55,790	)	$	1,259	$	(54,531	)

Statement of Comprehensive Income (loss) (unaudited):	Three Months Ended June 30, 2015									Six Months Ended June 30, 2015
	As Previously Reported			Adjustments			As Revised			As Previously Reported			Adjustments		As Revised
	(in thousands)									(in thousands)
Net income (loss)	$	(13,466	)	$	(148	)	$	(13,614	)	$	(8,101	)	$	340	$	(7,761	)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	13,856			(99		)	13,757			(47,234		)	672		(46,562		)
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges	123			—			123			9			—		9
Pension plan benefits liability adjustment	493			—			493			997			—		997
Total other comprehensive income (loss), net of tax	14,472			(99		)	14,373			(46,228		)	672		(45,556		)
Total comprehensive income (loss), net of tax	1,006			(247		)	759			(54,329		)	1,012		(53,317		)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	732			—			732			1,187			—		1,187
Comprehensive income (loss) attributable to Itron, Inc.	$	274		$	(247	)	$	27		$	(55,516	)	$	1,012	$	(54,504	)

Statement of Comprehensive Income (loss) (unaudited):	Three Months Ended September 30, 2015									Nine Months Ended September 30, 2015
	As Previously Reported			Adjustments			As Revised			As Previously Reported			Adjustments		As Revised
	(in thousands)									(in thousands)
Net income (loss)	$	13,325		$	(55	)	$	13,270		$	5,224		$	285	$	5,509
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(15,738		)	1,497			(14,241		)	(62,972		)	2,169		(60,803		)
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges	71			—			71			80			—		80
Pension plan benefits liability adjustment	866			—			866			1,863			—		1,863
Total other comprehensive income (loss), net of tax	(14,801		)	1,497			(13,304		)	(61,029		)	2,169		(58,860		)
Total comprehensive income (loss), net of tax	(1,476		)	1,442			(34		)	(55,805		)	2,454		(53,351		)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax:	630			—			630			1,817			—		1,817
Comprehensive income (loss) attributable to Itron, Inc.	$	(2,106	)	$	1,442		$	(664	)	$	(57,622	)	$	2,454	$	(55,168	)

Statement of Comprehensive Income (loss) (unaudited):	Three Months Ended March 31, 2014
	As Previously Reported			Adjustments			As Revised
	(in thousands)
Net income (loss)	$	(118	)	$	(796	)	$	(914	)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(3,374		)	160			(3,214		)
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges	163			—			163
Pension plan benefits liability adjustment	97			—			97
Total other comprehensive income (loss), net of tax	(3,114		)	160			(2,954		)
Total comprehensive income (loss), net of tax	(3,232		)	(636		)	(3,868		)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax:	136			—			136
Comprehensive income (loss) attributable to Itron, Inc.	$	(3,368	)	$	(636	)	$	(4,004	)

Statement of Comprehensive Income (loss) (unauditied):	Three Months Ended June 30, 2014								Six Months Ended June 30, 2014
	As Previously Reported			Adjustments		As Revised			As Previously Reported			Adjustments		As Revised
	(in thousands)								(in thousands)
Net income (loss)	$	19,844		$	1,577	$	21,421		$	19,726		$	781	$	20,507
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(7,995		)	9		(7,986		)	(11,369		)	169		(11,200		)
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges	(119		)	—		(119		)	44			—		44
Pension plan benefits liability adjustment	118			—		118			215			—		215
Total other comprehensive income (loss), net of tax	(7,996		)	9		(7,987		)	(11,110		)	169		(10,941		)
Total comprehensive income (loss), net of tax	11,848			1,586		13,434			8,616			950		9,566
Comprehensive income (loss) attributable to noncontrolling interest, net of tax:	585			—		585			721			—		721
Comprehensive income (loss) attributable to Itron, Inc.	$	11,263		$	1,586	$	12,849		$	7,895		$	950	$	8,845

Statement of Comprehensive Income (loss) (unaudited):	Three Months Ended September 30, 2014									Nine Months Ended September 30, 2014
	As Previously Reported			Adjustments			As Revised			As Previously Reported			Adjustments			As Revised
	(in thousands)									(in thousands)
Net income (loss)	$	7,553		$	(3,723	)	$	3,830		$	27,279		$	(2,942	)	$	24,337
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(49,391		)	502			(48,889		)	(60,760		)	671			(60,089		)
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges	400			—			400			444			—			444
Pension plan benefits liability adjustment	98			—			98			313			—			313
Total other comprehensive income (loss), net of tax	(48,893		)	502			(48,391		)	(60,003		)	671			(59,332		)
Total comprehensive income (loss), net of tax	(41,340		)	(3,221		)	(44,561		)	(32,724		)	(2,271		)	(34,995		)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax:	245			—			245			966			—			966
Comprehensive income (loss) attributable to Itron, Inc.	$	(41,585	)	$	(3,221	)	$	(44,806	)	$	(33,690	)	$	(2,271	)	$	(35,961	)

Balance Sheet data (unaudited):	March 31, 2015
	As Previously Reported			Adjustments			As Revised
	(in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	118,084		$	—		$	118,084
Accounts receivable, net	324,706			—			324,706
Inventories	168,161			—			168,161
Deferred tax assets current, net	37,700			6,542			44,242
Other current assets	109,768			18,311			128,079
Total current assets	758,419			24,853			783,272
Property, plant, and equipment, net	192,781			(717		)	192,064
Deferred tax assets noncurrent, net	76,479			(171		)	76,308
Other long-term assets	26,390			20,973			47,363
Intangible assets, net	122,431			—			122,431
Goodwill	462,718			—			462,718
Total assets	$	1,639,218		$	44,938		$	1,684,156
LIABILITIES AND EQUITY
Current liabilities
Accounts payable	$	196,117		$	2		$	196,119
Other current liabilities	78,683			136			78,819
Wages and benefits payable	79,443			—			79,443
Taxes payable	18,740			—			18,740
Current portion of debt	30,000			—			30,000
Current portion of warranty	22,256			—			22,256
Unearned revenue	53,472			24,221			77,693
Total current liabilities	478,711			24,359			503,070
Long-term debt	331,310			—			331,310
Long-term warranty	14,809			—			14,809
Pension plan benefit liability	91,652			—			91,652
Deferred tax liabilities noncurrent, net	3,289			—			3,289
Other long-term obligations	72,550			35,259			107,809
Total liabilities	992,321			59,618			1,051,939
Commitments and contingencies
Equity
Preferred stock	—			—			—
Common stock	1,257,796			—			1,257,796
Accumulated other comprehensive loss, net	(197,214		)	2,225			(194,989		)
Accumulated deficit	(431,681		)	(16,905		)	(448,586		)
Total Itron, Inc. shareholders' equity	628,901			(14,680		)	614,221
Noncontrolling interests	17,996			—			17,996
Total equity	646,897			(14,680		)	632,217
Total liabilities and equity	$	1,639,218		$	44,938		$	1,684,156

Balance Sheet data (unaudited):	June 30, 2015
	As Previously Reported			Adjustments			As Revised
	(in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	128,814		$	—		$	128,814
Accounts receivable, net	338,196			—			338,196
Inventories	195,394			—			195,394
Deferred tax assets current, net	38,121			6,596			44,717
Other current assets	111,248			17,050			128,298
Total current assets	811,773			23,646			835,419
Property, plant, and equipment, net	195,510			(754		)	194,756
Deferred tax assets noncurrent, net	73,861			(350		)	73,511
Other long-term assets	28,741			21,646			50,387
Intangible assets, net	117,136			—			117,136
Goodwill	471,648			—			471,648
Total assets	$	1,698,669		$	44,188		$	1,742,857
LIABILITIES AND EQUITY
Current liabilities
Accounts payable	$	226,512		$	(1	)	$	226,511
Other current liabilities	60,634			129			60,763
Wages and benefits payable	84,944			—			84,944
Taxes payable	16,435			—			16,435
Current portion of debt	11,250			—			11,250
Current portion of warranty	35,589			—			35,589
Unearned revenue	50,255			24,269			74,524
Total current liabilities	485,619			24,397			510,016
Long-term debt	361,708			—			361,708
Long-term warranty	22,550			—			22,550
Pension plan benefit liability	93,918			—			93,918
Deferred tax liabilities noncurrent, net	3,247			—			3,247
Other long-term obligations	86,366			34,718			121,084
Total liabilities	1,053,408			59,115			1,112,523
Commitments and contingencies
Equity
Preferred stock	—			—			—
Common stock	1,255,154			—			1,255,154
Accumulated other comprehensive loss, net	(182,742		)	2,126			(180,616		)
Accumulated deficit	(445,879		)	(17,053		)	(462,932		)
Total Itron, Inc. shareholders' equity	626,533			(14,927		)	611,606
Noncontrolling interests	18,728			—			18,728
Total equity	645,261			(14,927		)	630,334
Total liabilities and equity	$	1,698,669		$	44,188		$	1,742,857

Balance Sheet data (unaudited):	September 30, 2015
	As Previously Reported			Adjustments			As Revised
	(in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	109,458		$	—		$	109,458
Accounts receivable, net	340,423			—			340,423
Inventories	214,237			—			214,237
Deferred tax assets current, net	35,975			6,946			42,921
Other current assets	106,059			15,742			121,801
Total current assets	806,152			22,688			828,840
Property, plant, and equipment, net	190,295			404			190,699
Deferred tax assets noncurrent, net	59,830			67			59,897
Other long-term assets	27,192			21,052			48,244
Intangible assets, net	111,767			—			111,767
Goodwill	474,965			445			475,410
Total assets	$	1,670,201		$	44,656		$	1,714,857
LIABILITIES AND EQUITY
Current liabilities
Accounts payable	$	201,450		$	(3	)	$	201,447
Other current liabilities	68,140			697			68,837
Wages and benefits payable	93,206			(314		)	92,892
Taxes payable	13,210			—			13,210
Current portion of debt	11,250			—			11,250
Current portion of warranty	40,060			—			40,060
Unearned revenue	44,639			22,974			67,613
Total current liabilities	471,955			23,354			495,309
Long-term debt	369,457			—			369,457
Long-term warranty	14,684			—			14,684
Pension plan benefit liability	94,100			—			94,100
Deferred tax liabilities noncurrent, net	3,569			—			3,569
Other long-term obligations	81,628			34,787			116,415
Total liabilities	1,035,393			58,141			1,093,534
Commitments and contingencies
Equity
Preferred stock	—			—			—
Common stock	1,246,177			—			1,246,177
Accumulated other comprehensive loss, net	(197,543		)	3,623			(193,920		)
Accumulated deficit	(433,184		)	(17,108		)	(450,292		)
Total Itron, Inc. shareholders' equity	615,450			(13,485		)	601,965
Noncontrolling interests	19,358			—			19,358
Total equity	634,808			(13,485		)	621,323
Total liabilities and equity	$	1,670,201		$	44,656		$	1,714,857

Balance Sheet data (unaudited):	March 31, 2014
	As Previously Reported			Adjustments			As Revised
	(in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	146,327		$	—		$	146,327
Accounts receivable, net	341,547			—			341,547
Inventories	192,573			(2,468		)	190,105
Deferred tax assets current, net	36,995			4,771			41,766
Other current assets	104,967			11,696			116,663
Total current assets	822,409			13,999			836,408
Property, plant, and equipment, net	237,326			(1,281		)	236,045
Deferred tax assets noncurrent, net	61,873			(2,777		)	59,096
Other long-term assets	32,102			15,741			47,843
Intangible assets, net	184,052			—			184,052
Goodwill	546,437			—			546,437
Total assets	$	1,884,199		$	25,682		$	1,909,881
LIABILITIES AND EQUITY
Current liabilities
Accounts payable	$	210,675		$	1		$	210,676
Other current liabilities	75,969			1,073			77,042
Wages and benefits payable	89,129			514			89,643
Taxes payable	14,819			285			15,104
Current portion of debt	28,125			—			28,125
Current portion of warranty	21,989			—			21,989
Unearned revenue	53,457			10,082			63,539
Total current liabilities	494,163			11,955			506,118
Long-term debt	320,000			—			320,000
Long-term warranty	24,035			—			24,035
Pension plan benefit liability	89,498			—			89,498
Deferred tax liabilities noncurrent, net	6,123			—			6,123
Other long-term obligations	79,580			30,588			110,168
Total liabilities	1,013,399			42,543			1,055,942
Commitments and contingencies
Equity
Preferred stock	—			—			—
Common stock	1,291,690			—			1,291,690
Accumulated other comprehensive loss, net	(24,836		)	578			(24,258		)
Accumulated deficit	(413,925		)	(17,439		)	(431,364		)
Total Itron, Inc. shareholders' equity	852,929			(16,861		)	836,068
Noncontrolling interests	17,871			—			17,871
Total equity	870,800			(16,861		)	853,939
Total liabilities and equity	$	1,884,199		$	25,682		$	1,909,881

Balance Sheet data (unaudited):	June 30, 2014
	As Previously Reported			Adjustments			As Revised
	(in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	114,780		$	—		$	114,780
Accounts receivable, net	369,473			(381		)	369,092
Inventories	192,413			257			192,670
Deferred tax assets current, net	37,103			5,171			42,274
Other current assets	112,172			13,757			125,929
Total current assets	825,941			18,804			844,745
Property, plant, and equipment, net	234,840			(1,269		)	233,571
Deferred tax assets noncurrent, net	64,641			(514		)	64,127
Other long-term assets	31,862			16,132			47,994
Intangible assets, net	172,927			—			172,927
Goodwill	541,539			—			541,539
Total assets	$	1,871,750		33,153			$	1,904,903
LIABILITIES AND EQUITY
Current liabilities
Accounts payable	$	209,080		$	—		$	209,080
Other current liabilities	69,064			—			69,064
Wages and benefits payable	93,069			(255		)	92,814
Taxes payable	14,172			284			14,456
Current portion of debt	30,000			—			30,000
Current portion of warranty	23,689			—			23,689
Unearned revenue	53,487			14,557			68,044
Total current liabilities	492,561			14,586			507,147
Long-term debt	297,500			—			297,500
Long-term warranty	18,860			—			18,860
Pension plan benefit liability	87,988			—			87,988
Deferred tax liabilities noncurrent, net	6,297			—			6,297
Other long-term obligations	84,608			33,842			118,450
Total liabilities	987,814			48,428			1,036,242
Commitments and contingencies
Equity
Preferred stock	—			—			—
Common stock	1,293,548			—			1,293,548
Accumulated other comprehensive loss, net	(32,832		)	587			(32,245		)
Accumulated deficit	(394,666		)	(15,862		)	(410,528		)
Total Itron, Inc. shareholders' equity	866,050			(15,275		)	850,775
Noncontrolling interests	17,886			—			17,886
Total equity	883,936			(15,275		)	868,661
Total liabilities and equity	$	1,871,750		$	33,153		$	1,904,903

Balance Sheet data (unaudited):	September 30, 2014
	As Previously Reported			Adjustments			As Revised
	(in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	122,475		$	—		$	122,475
Accounts receivable, net	342,480			—			342,480
Inventories	190,689			—			190,689
Deferred tax assets current, net	34,581			7,109			41,690
Other current assets	104,847			18,688			123,535
Total current assets	795,072			25,797			820,869
Property, plant, and equipment, net	222,354			(1,213		)	221,141
Deferred tax assets noncurrent, net	67,826			(624		)	67,202
Other long-term assets	31,604			19,583			51,187
Intangible assets, net	155,432			—			155,432
Goodwill	515,641			—			515,641
Total assets	$	1,787,929		$	43,543		$	1,831,472
LIABILITIES AND EQUITY
Current liabilities
Accounts payable	$	203,175		$	(4	)	$	203,171
Other current liabilities	62,039			—			62,039
Wages and benefits payable	91,871			—			91,871
Taxes payable	18,491			270			18,761
Current portion of debt	30,000			—			30,000
Current portion of warranty	22,283			—			22,283
Unearned revenue	47,316			24,048			71,364
Total current liabilities	475,175			24,314			499,489
Long-term debt	280,000			—			280,000
Long-term warranty	18,071			—			18,071
Pension plan benefit liability	82,529			—			82,529
Deferred tax liabilities noncurrent, net	7,220			—			7,220
Other long-term obligations	87,927			37,122			125,049
Total liabilities	950,922			61,436			1,012,358
Commitments and contingencies
Equity
Preferred stock	—			—			—
Common stock	1,287,959			603			1,288,562
Accumulated other comprehensive loss, net	(81,725		)	1,089			(80,636		)
Accumulated deficit	(387,358		)	(19,585		)	(406,943		)
Total Itron, Inc. shareholders' equity	818,876			(17,893		)	800,983
Noncontrolling interests	18,131			—			18,131
Total equity	837,007			(17,893		)	819,114
Total liabilities and equity	$	1,787,929		$	43,543		$	1,831,472

Statement of cash flows data (unaudited):	Three Months Ended March 31, 2015
	As Previously Reported			Adjustments			As Revised
	(in thousands)
Operating activities
Net income (loss)	$	5,365		$	488		$	5,853
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	19,339			16			19,355
Stock-based compensation	4,108			—			4,108
Amortization of prepaid debt fees	390			—			390
Deferred taxes, net	(4,790		)	(142		)	(4,932		)
Goodwill impairment	—			—			—
Restructuring expense, non-cash	267			(377		)	(110		)
Other adjustments, net	337			—			337
Changes in operating assets and liabilities, net of acquisition:
Accounts receivable	2,028			(1,791		)	237
Inventories	(23,480		)	(252		)	(23,732		)
Other current assets	(9,395		)	1,507			(7,888		)
Other long-term assets	(54		)	(3,027		)	(3,081		)
Accounts payable, other current liabilities, and taxes payable	3,774			(14		)	3,760
Wages and benefits payable	(10,343		)	430			(9,913		)
Unearned revenue	11,032			3,550			14,582
Warranty	2,457			(73		)	2,384
Other operating, net	(4,990		)	(315		)	(5,305		)
Net cash provided by operating activities	(3,955		)	—			(3,955		)
Investing activities
Acquisitions of property, plant, and equipment	(9,472		)	—			(9,472		)
Business acquisitions, net of cash and cash equivalents acquired	—			—			—
Other investing, net	(118		)	—			(118		)
Net cash used in investing activities	(9,590		)	—			(9,590		)
Financing activities
Proceeds from borrowings	63,000			—			63,000
Payments on debt	(22,373		)	—			(22,373		)
Issuance of common stock	451			—			451
Repurchase of common stock	(16,341		)	—			(16,341		)
Other financing, net	1,186			—			1,186
Net cash used in financing activities	25,923			—			25,923
Effect of foreign exchange rate changes on cash and cash equivalents	(6,665		)	—			(6,665		)
Increase (decrease) in cash and cash equivalents	5,713			—			5,713
Cash and cash equivalents at beginning of period	112,371			—			112,371
Cash and cash equivalents at end of period	$	118,084		$	—		$	118,084
Supplemental disclosure of cash flow information:
Cash paid during the period for:
Income taxes, net	$	19,245		$	—		$	19,245
Interest, net of amounts capitalized	2,265			—			2,265

Statement of cash flows data (unaudited):	Six Months Ended June 30, 2015
	As Previously Reported			Adjustments			As Revised
	(in thousands)
Operating activities
Net income (loss)	$	(8,101	)	$	340		$	(7,761	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	38,760			32			38,792
Stock-based compensation	7,997			—			7,997
Amortization of prepaid debt fees	1,579			—			1,579
Deferred taxes, net	1,901			(16		)	1,885
Goodwill impairment	—			—			—
Restructuring expense, non-cash	267			(377		)	(110		)
Other adjustments, net	919			—			919
Changes in operating assets and liabilities, net of acquisition:
Accounts receivable	(6,849		)	(1,792		)	(8,641		)
Inventories	(49,677		)	(251		)	(49,928		)
Other current assets	(9,043		)	2,789			(6,254		)
Other long-term assets	406			(3,591		)	(3,185		)
Accounts payable, other current liabilities, and taxes payable	23,990			(25		)	23,965
Wages and benefits payable	(6,276		)	430			(5,846		)
Unearned revenue	7,807			2,842			10,649
Warranty	23,119			(73		)	23,046
Other operating, net	(9,232		)	(308		)	(9,540		)
Net cash provided by operating activities	17,567			—			17,567
Investing activities
Acquisitions of property, plant, and equipment	(20,992		)	—			(20,992		)
Business acquisitions, net of cash and cash equivalents acquired	—			—			—
Other investing, net	693			—			693
Net cash used in investing activities	(20,299		)	—			(20,299		)
Financing activities
Proceeds from borrowings	74,183			—			74,183
Payments on debt	(22,373		)	—			(22,373		)
Issuance of common stock	1,864			—			1,864
Repurchase of common stock	(23,185		)	—			(23,185		)
Other financing, net	(3,942		)	—			(3,942		)
Net cash used in financing activities	26,547			—			26,547
Effect of foreign exchange rate changes on cash and cash equivalents	(7,372		)	—			(7,372		)
Increase (decrease) in cash and cash equivalents	16,443			—			16,443
Cash and cash equivalents at beginning of period	112,371			—			112,371
Cash and cash equivalents at end of period	$	128,814		$	—		$	128,814
Supplemental disclosure of cash flow information:
Cash paid during the period for:
Income taxes, net	$	21,233		$	—		$	21,233
Interest, net of amounts capitalized	4,998			—			4,998

Statement of cash flows data (unaudited):	Nine Months Ended September 30, 2015
	As Previously Reported			Adjustments			As Revised
	(in thousands)
Operating activities
Net income (loss)	$	5,224		$	285		$	5,509
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	58,514			(724		)	57,790
Stock-based compensation	10,879			—			10,879
Amortization of prepaid debt fees	1,851			—			1,851
Deferred taxes, net	14,926			(182		)	14,744
Goodwill impairment	—			—			—
Restructuring expense, non-cash	1,395			(377		)	1,018
Other adjustments, net	1,877			—			1,877
Changes in operating assets and liabilities, net of acquisition:
Accounts receivable	(12,401		)	(1,792		)	(14,193		)
Inventories	(73,212		)	(252		)	(73,464		)
Other current assets	(4,696		)	3,698			(998		)
Other long-term assets	605			(3,134		)	(2,529		)
Accounts payable, other current liabilities, and taxes payable	(11,666		)	547			(11,119		)
Wages and benefits payable	4,110			(323		)	3,787
Unearned revenue	4,128			2,408			6,536
Warranty	20,280			(73		)	20,207
Other operating, net	(1,660		)	(81		)	(1,741		)
Net cash provided by operating activities	20,154			—			20,154
Investing activities
Acquisitions of property, plant, and equipment	(33,324		)	—			(33,324		)
Business acquisitions, net of cash and cash equivalents acquired	(5,754		)	—			(5,754		)
Other investing, net	545			—			545
Net cash used in investing activities	(38,533		)	—			(38,533		)
Financing activities
Proceeds from borrowings	89,709			—			89,709
Payments on debt	(30,186		)	—			(30,186		)
Issuance of common stock	2,229			—			2,229
Repurchase of common stock	(35,278		)	—			(35,278		)
Other financing, net	1,881			—			1,881
Net cash used in financing activities	28,355			—			28,355
Effect of foreign exchange rate changes on cash and cash equivalents	(12,889		)	—			(12,889		)
Increase (decrease) in cash and cash equivalents	(2,913		)	—			(2,913		)
Cash and cash equivalents at beginning of period	112,371			—			112,371
Cash and cash equivalents at end of period	$	109,458		$	—		$	109,458
Supplemental disclosure of cash flow information:
Cash paid during the period for:
Income taxes, net	$	22,578		$	—		$	22,578
Interest, net of amounts capitalized	7,549			—			7,549

Statement of cash flows data (unaudited):	Three Months Ended March 31, 2014
	As Previously Reported			Adjustments			As Revised
	(in thousands)
Operating activities
Net income (loss)	$	(118	)	$	(796	)	$	(914	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	25,592			(405		)	25,187
Stock-based compensation	4,584			—			4,584
Amortization of prepaid debt fees	404			—			404
Deferred taxes, net	(3,915		)	1,212			(2,703		)
Goodwill impairment	977			(977		)	—
Restructuring expense, non-cash	—			—			—
Other adjustments, net	32			—			32
Changes in operating assets and liabilities, net of acquisition:
Accounts receivable	15,392			(206		)	15,186
Inventories	(15,827		)	3,378			(12,449		)
Other current assets	(1,547		)	7,385			5,838
Other long-term assets	892			(10,338		)	(9,446		)
Accounts payable, other current liabilities, and taxes payable	25,303			1,501			26,804
Wages and benefits payable	272			(2,364		)	(2,092		)
Unearned revenue	16,441			2,776			19,217
Warranty	675			(1,017		)	(342		)
Other operating, net	(2,396		)	(149		)	(2,545		)
Net cash provided by operating activities	66,761			—			66,761
Investing activities
Acquisitions of property, plant, and equipment	(8,564		)	—			(8,564		)
Business acquisitions, net of cash and cash equivalents acquired	—			—			—
Other investing, net	167			—			167
Net cash used in investing activities	(8,397		)	—			(8,397		)
Financing activities
Proceeds from borrowings	—			—			—
Payments on debt	(30,625		)	—			(30,625		)
Issuance of common stock	310			—			310
Repurchase of common stock	(2,948		)	—			(2,948		)
Other financing, net	(2,244		)	—			(2,244		)
Net cash used in financing activities	(35,507		)	—			(35,507		)
Effect of foreign exchange rate changes on cash and cash equivalents	(1,335		)	—			(1,335		)
Increase (decrease) in cash and cash equivalents	21,522			—			21,522
Cash and cash equivalents at beginning of period	124,805			—			124,805
Cash and cash equivalents at end of period	$	146,327		$	—		$	146,327
Supplemental disclosure of cash flow information:
Cash paid during the period for:
Income taxes, net	$	(891	)	$	—		$	(891	)
Interest, net of amounts capitalized	2,460			—			2,460

Statement of cash flows data (unaudited):	Six Months Ended June 30, 2014
	As Previously Reported			Adjustments			As Revised
	(in thousands)
Operating activities
Net income (loss)	$	19,726		$	781		$	20,507
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	50,606			(405		)	50,201
Stock-based compensation	9,454			—			9,454
Amortization of prepaid debt fees	808			—			808
Deferred taxes, net	(8,046		)	(1,453		)	(9,499		)
Goodwill impairment	977			(977		)	—
Restructuring expense, non-cash	—			—			—
Other adjustments, net	85			—			85
Changes in operating assets and liabilities, net of acquisition:				—
Accounts receivable	(14,712		)	172			(14,540		)
Inventories	(16,801		)	656			(16,145		)
Other current assets	(9,103		)	5,335			(3,768		)
Other long-term assets	312			(10,478		)	(10,166		)
Accounts payable, other current liabilities, and taxes payable	12,360			437			12,797
Wages and benefits payable	4,473			(3,117		)	1,356
Unearned revenue	16,560			9,439			25,999
Warranty	(2,864		)	(1,017		)	(3,881		)
Other operating, net	3,356			627			3,983
Net cash provided by operating activities	67,191			—			67,191
Investing activities
Acquisitions of property, plant, and equipment	(19,403		)	—			(19,403		)
Business acquisitions, net of cash and cash equivalents acquired	—			—			—
Other investing, net	56			—			56
Net cash used in investing activities	(19,347		)	—			(19,347		)
Financing activities
Proceeds from borrowings	—			—			—
Payments on debt	(51,250		)	—			(51,250		)
Issuance of common stock	1,530			—			1,530
Repurchase of common stock	(7,164		)	—			(7,164		)
Other financing, net	1,204			—			1,204
Net cash used in financing activities	(55,680		)	—			(55,680		)
Effect of foreign exchange rate changes on cash and cash equivalents	(2,189		)	—			(2,189		)
Increase (decrease) in cash and cash equivalents	(10,025		)	—			(10,025		)
Cash and cash equivalents at beginning of period	124,805			—			124,805
Cash and cash equivalents at end of period	$	114,780		$	—		$	114,780
Supplemental disclosure of cash flow information:
Cash paid during the period for:
Income taxes, net	$	3,502		$	—		$	3,502
Interest, net of amounts capitalized	4,911			—			4,911

Statement of cash flows data (unaudited):	Nine Months Ended September 30, 2014
	As Previously Reported			Adjustments			As Revised
	(in thousands)
Operating activities
Net income (loss)	$	27,279		$	(2,942	)	$	24,337
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	75,233			(406		)	74,827
Stock-based compensation	12,703			603			13,306
Amortization of prepaid debt fees	1,212			—			1,212
Deferred taxes, net	(9,787		)	(3,281		)	(13,068		)
Goodwill impairment	977			(977		)	—
Restructuring expense, non-cash	—			—			—
Other adjustments, net	120			—			120
Changes in operating assets and liabilities, net of acquisition:
Accounts receivable	(1,576		)	(192		)	(1,768		)
Inventories	(23,986		)	901			(23,085		)
Other current assets	(5,298		)	144			(5,154		)
Other long-term assets	(1,396		)	(14,370		)	(15,766		)
Accounts payable, other current liabilities, and taxes payable	19,669			436			20,105
Wages and benefits payable	6,717			(2,878		)	3,839
Unearned revenue	11,800			23,904			35,704
Warranty	(3,544		)	(1,016		)	(4,560		)
Other operating, net	6,415			74			6,489
Net cash provided by operating activities	116,538			—			116,538
Investing activities
Acquisitions of property, plant, and equipment	(32,060		)	—			(32,060		)
Business acquisitions, net of cash and cash equivalents acquired	—			—			—
Other investing, net	(193		)	—			(193		)
Net cash used in investing activities	(32,253		)	—			(32,253		)
Financing activities
Proceeds from borrowings	—			—			—
Payments on debt	(68,750		)	—			(68,750		)
Issuance of common stock	2,324			—			2,324
Repurchase of common stock	(15,324		)	—			(15,324		)
Other financing, net	2,395			—			2,395
Net cash used in financing activities	(79,355		)	—			(79,355		)
Effect of foreign exchange rate changes on cash and cash equivalents	(7,260		)	—			(7,260		)
Increase (decrease) in cash and cash equivalents	(2,330		)	—			(2,330		)
Cash and cash equivalents at beginning of period	124,805			—			124,805
Cash and cash equivalents at end of period	$	122,475		$	—		$	122,475
Supplemental disclosure of cash flow information:
Cash paid during the period for:
Income taxes, net	$	8,528		$	—		$	8,528
Interest, net of amounts capitalized	7,536			—			7,536