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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Product revenues $ 515,914 $ 454,713 $ 1,053,024 $ 887,078
Service revenues 69,976 48,369 140,087 93,596
Revenues 585,890 503,082 1,193,111 980,674
Cost of revenues        
Product cost of revenues 366,542 293,433 749,392 580,526
Service cost of revenues 42,771 31,372 87,287 64,234
Cost of revenues 409,313 324,805 836,679 644,760
Gross profit 176,577 178,277 356,432 335,914
Operating expenses        
Sales and marketing 45,448 44,514 97,369 85,769
Product development 54,775 43,024 115,059 83,791
General and administrative 43,415 43,098 145,908 80,285
Amortization of intangible assets 17,999 4,970 35,739 9,519
Restructuring (5,623) 5,043 82,242 8,095
Total operating expenses 156,014 140,649 476,317 267,459
Operating income (loss) 20,563 37,628 (119,885) 68,455
Other income (expense)        
Interest income 633 470 1,294 739
Interest expense (14,645) (3,411) (30,149) (6,610)
Other income (expense), net 1,003 (3,120) (164) (5,956)
Total other income (expense) (13,009) (6,061) (29,019) (11,827)
Income (loss) before income taxes 7,554 31,567 (148,904) 56,628
Income tax benefit (provision) (3,781) (16,560) 7,407 (25,607)
Net income (loss) 3,773 15,007 (141,497) 31,021
Net income attributable to noncontrolling interests 1,116 910 1,512 1,079
Net income (loss) attributable to Itron, Inc. $ 2,657 $ 14,097 $ (143,009) $ 29,942
Earnings (loss) per common share - Basic (in dollars per share) $ 0.07 $ 0.36 $ (3.66) $ 0.78
Earnings (loss) per common share - Diluted (in dollars per share) $ 0.07 $ 0.36 $ (3.66) $ 0.76
Weighted average common shares outstanding - Basic (in shares) 39,243 38,683 39,095 38,579
Weighted average common shares outstanding - Diluted (in shares) 39,789 39,332 39,095 39,274