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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Revenues $ 595,962 $ 486,747 $ 1,789,073 $ 1,467,421
Cost of revenues        
Cost of revenues 398,865 320,992 1,235,544 965,752
Gross profit 197,097 165,755 553,529 501,669
Operating expenses        
Sales and marketing 47,204 40,529 144,573 126,298
Research and development 47,239 42,455 162,298 126,246
General and administrative 42,352 39,598 188,260 119,883
Amortization of intangible assets 17,960 5,625 53,699 15,144
Restructuring 666 (678) 82,908 7,417
Total operating expenses 155,421 127,529 631,738 394,988
Operating income (loss) 41,676 38,226 (78,209) 106,681
Other income (expense)        
Interest income 431 729 1,725 1,468
Interest expense (14,171) (3,466) (44,320) (10,076)
Other income (expense), net (2,434) (1,995) (2,598) (7,951)
Total other income (expense) (16,174) (4,732) (45,193) (16,559)
Income (loss) before income taxes 25,502 33,494 (123,402) 90,122
Income tax benefit (provision) (5,715) (6,640) 1,692 (32,247)
Net income (loss) 19,787 26,854 (121,710) 57,875
Net income (loss) attributable to noncontrolling interests (95) 1,278 1,417 2,357
Net income (loss) attributable to Itron, Inc. $ 19,882 $ 25,576 $ (123,127) $ 55,518
Earnings (loss) per common share - Basic (in dollars per share) $ 0.51 $ 0.66 $ (3.14) $ 1.44
Earnings (loss) per common share - Diluted (in dollars per share) $ 0.50 $ 0.65 $ (3.14) $ 1.41
Weighted average common shares outstanding - Basic (in shares) 39,340 38,713 39,177 38,624
Weighted average common shares outstanding - Diluted (in shares) 39,909 39,467 39,177 39,339
Product [Member]        
Revenues        
Revenues $ 525,716 $ 433,984 $ 1,578,740 $ 1,321,062
Cost of revenues        
Cost of revenues 357,194 284,762 1,106,586 865,288
Service [Member]        
Revenues        
Revenues 70,246 52,763 210,333 146,359
Cost of revenues        
Cost of revenues $ 41,671 $ 36,230 $ 128,958 $ 100,464