Shareholders' Equity (Text Block)

6 Months Ended

Jun. 30, 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 June 30, 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 did not repurchase any shares of common stock during the three and six months ended June 30, 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 June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
	(in thousands)
Before-tax amount
Foreign currency translation adjustment	$	20,520		$	(6,730	)	$	35,586		$	3,728
Foreign currency translation adjustment reclassified into net income	—			(1,407		)	—			(1,407		)
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	(634		)	(2,128		)	(537		)	(6,641		)
Net hedging loss reclassified into net income	259			280			637			566
Net defined benefit plan gain (loss) reclassified to net income	418			(340		)	824			(795		)
Total other comprehensive income (loss), before tax	20,563			(10,325		)	36,510			(4,549		)
Tax (provision) benefit
Foreign currency translation adjustment	(73		)	(243		)	(123		)	(595		)
Foreign currency translation adjustment reclassified into net income	—			—			—			—
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	244			830			207			2,561
Net hedging loss reclassified into net income	(100		)	(108		)	(246		)	(218		)
Net defined benefit plan gain (loss) reclassified to net income	(225		)	49			(230		)	186
Total other comprehensive income (loss) tax benefit	(154		)	528			(392		)	1,934
Net-of-tax amount
Foreign currency translation adjustment	20,447			(6,973		)	35,463			3,133
Foreign currency translation adjustment reclassified into net income	—			(1,407		)	—			(1,407		)
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	(390		)	(1,298		)	(330		)	(4,080		)
Net hedging loss reclassified into net income	159			172			391			348
Net defined benefit plan gain (loss) reclassified to net income	193			(291		)	594			(609		)
Total other comprehensive income (loss), net of tax	$	20,409		$	(9,797	)	$	36,118		$	(2,615	)

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	3,133			(4,080		)	—			(87		)	(1,034		)
Amounts reclassified from AOCI	(1,407		)	348			—			(522		)	(1,581		)
Total other comprehensive income (loss)	1,726			(3,732		)	—			(609		)	(2,615		)
Balances at June 30, 2016	$	(156,283	)	$	(3,414	)	$	(14,380	)	$	(29,145	)	$	(203,222	)
Balances at January 1, 2017	$	(182,986	)	$	43		$	(14,380	)	$	(32,004	)	$	(229,327	)
OCI before reclassifications	35,463			(330		)	—			—			35,133
Amounts reclassified from AOCI	—			391			—			594			985
Total other comprehensive income (loss)	35,463			61			—			594			36,118
Balances at June 30, 2017	$	(147,523	)	$	104		$	(14,380	)	$	(31,410	)	$	(193,209	)