Shareholders' Equity (Text Block)

3 Months Ended

Mar. 31, 2017

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Shareholders' Equity

Preferred Stock

We have authorized the issuance of 10 million shares of preferred stock with no par value. In the event of a liquidation, dissolution, or winding up of the affairs of the corporation, whether voluntary or involuntary, the holders of any outstanding preferred stock would be entitled to be paid a preferential amount per share to be determined by the Board of Directors prior to any payment to holders of common stock. There was no preferred stock issued or outstanding at March 31, 2017 and December 31, 2016.

Stock Repurchase Authorization

On February 23, 2017, Itron's Board of Directors authorized the Company to repurchase up to $50 million of our common stock over a 12-month period, beginning February 23, 2017. We repurchased no shares of common stock during the three months ended March 31, 2017.

Other Comprehensive Income (Loss)

The before-tax amount, income tax (provision) benefit, and net-of-tax amount related to each component of OCI were as follows:

	Three Months Ended March 31,
	2017			2016
	(in thousands)
Before-tax amount
Foreign currency translation adjustment	$	15,066		$	10,458
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	97			(4,513		)
Net hedging loss reclassified into net income	378			286
Net unrealized gain (loss) on defined benefit plans	—			(113		)
Net defined benefit plan gain (loss) reclassified to net income	406			(342		)
Total other comprehensive income (loss), before tax	15,947			5,776
Tax (provision) benefit
Foreign currency translation adjustment	(50		)	(352		)
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	(37		)	1,731
Net hedging loss reclassified into net income	(146		)	(110		)
Net unrealized gain (loss) on defined benefit plans	—			34
Net defined benefit plan gain (loss) reclassified to net income	(5		)	103
Total other comprehensive income (loss) tax benefit	(238		)	1,406
Net-of-tax amount
Foreign currency translation adjustment	15,016			10,106
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	60			(2,782		)
Net hedging loss reclassified into net income	232			176
Net unrealized gain (loss) on defined benefit plans	—			(79		)
Net defined benefit plan gain (loss) reclassified to net income	401			(239		)
Total other comprehensive income (loss), net of tax	$	15,709		$	7,182

The changes in the components of AOCI, net of tax, were as follows:

	Foreign Currency Translation Adjustments			Net Unrealized Gain (Loss) on Derivative Instruments			Net Unrealized Gain (Loss) on Nonderivative Instruments			Pension Benefit Obligation Adjustments			Total
	(in thousands)
Balances at January 1, 2016	$	(158,009	)	$	318		$	(14,380	)	$	(28,536	)	$	(200,607	)
OCI before reclassifications	10,106			(2,782		)	—			(79		)	7,245
Amounts reclassified from AOCI	—			176			—			(239		)	(63		)
Total other comprehensive income (loss)	10,106			(2,606		)	—			(318		)	7,182
Balances at March 31, 2016	$	(147,903	)	$	(2,288	)	$	(14,380	)	$	(28,854	)	$	(193,425	)
Balances at January 1, 2017	$	(182,986	)	$	43		$	(14,380	)	$	(32,004	)	$	(229,327	)
OCI before reclassifications	15,016			60			—			—			15,076
Amounts reclassified from AOCI	—			232			—			401			633
Total other comprehensive income (loss)	15,016			292			—			401			15,709
Balances at March 31, 2017	$	(167,970	)	$	335		$	(14,380	)	$	(31,603	)	$	(213,618	)