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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues $ 506,859 $ 469,528 $ 1,517,473 $ 1,387,085
Cost of revenues 336,110 322,238 1,013,816 982,819
Gross profit 170,749 147,290 503,657 404,266
Operating expenses        
Sales and marketing 38,894 39,217 119,037 123,302
Product development 39,386 41,559 128,086 126,399
General and administrative 40,384 31,118 130,781 103,195
Amortization of intangible assets 4,996 7,869 19,002 23,730
Restructuring 40,679 587 41,294 (8,828)
Total operating expenses 164,339 120,350 438,200 367,798
Operating income 6,410 26,940 65,457 36,468
Other income (expense)        
Interest income 102 180 594 440
Interest expense (2,691) (2,799) (8,344) (9,336)
Other income (expense), net 707 (1,119) (1,074) (3,003)
Total other income (expense) (1,882) (3,738) (8,824) (11,899)
Income before income taxes 4,528 23,202 56,633 24,569
Income tax provision (13,430) (9,932) (34,249) (19,060)
Net income (loss) (8,902) 13,270 22,384 5,509
Net income attributable to noncontrolling interests 983 630 2,263 1,817
Net income (loss) attributable to Itron, Inc. $ (9,885) $ 12,640 $ 20,121 $ 3,692
Earnings (loss) per common share - Basic $ (0.26) $ 0.33 $ 0.53 $ 0.10
Earnings (loss) per common share - Diluted $ (0.26) $ 0.33 $ 0.52 $ 0.10
Weighted average common shares outstanding - Basic 38,248 38,114 38,181 38,329
Weighted average common shares outstanding - Diluted 38,248 38,358 38,515 38,591