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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues $ 497,590 $ 446,746
Cost of revenues 334,387 308,324
Gross profit 163,203 138,422
Operating expenses    
Sales and marketing 40,767 41,027
Product development 45,346 41,522
General and administrative 45,069 39,585
Amortization of intangible assets 6,210 7,973
Restructuring 2,237 (5,181)
Total operating expenses 139,629 124,926
Operating income 23,574 13,496
Other income (expense)    
Interest income 271 48
Interest expense (2,918) (2,682)
Other income (expense), net (1,517) 21
Total other income (expense) (4,164) (2,613)
Income before income taxes 19,410 10,883
Income tax provision (8,626) (5,030)
Net income 10,784 5,853
Net income attributable to noncontrolling interests 695 455
Net income attributable to Itron, Inc. $ 10,089 $ 5,398
Earnings per common share - Basic $ 0.27 $ 0.14
Earnings per common share - Diluted $ 0.26 $ 0.14
Weighted average common shares outstanding - Basic 38,059 38,442
Weighted average common shares outstanding - Diluted 38,376 38,758