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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Revenues $ 635,037 $ 585,890 $ 1,249,613 $ 1,193,111
Cost of revenues        
Cost of revenues 443,823 409,313 871,136 836,679
Gross profit 191,214 176,577 378,477 356,432
Operating expenses        
Sales, general and administrative 88,259 88,863 180,974 243,277
Research and development 49,449 54,775 99,939 115,059
Amortization of intangible assets 16,117 17,999 32,090 35,739
Restructuring (6,169) (5,623) 1,093 82,242
Total operating expenses 147,656 156,014 314,096 476,317
Operating income (loss) 43,558 20,563 64,381 (119,885)
Other income (expense)        
Interest income 534 633 862 1,294
Interest expense (13,496) (14,645) (27,031) (30,149)
Other income (expense), net (2,060) 1,003 (3,704) (164)
Total other income (expense) (15,022) (13,009) (29,873) (29,019)
Income (loss) before income taxes 28,536 7,554 34,508 (148,904)
Income tax benefit (provision) (8,419) (3,781) (14,540) 7,407
Net income (loss) 20,117 3,773 19,968 (141,497)
Net income attributable to noncontrolling interests 671 1,116 2,429 1,512
Net income (loss) attributable to Itron, Inc. $ 19,446 $ 2,657 $ 17,539 $ (143,009)
Earnings (loss) per common share - Basic (in dollars per share) $ 0.49 $ 0.07 $ 0.44 $ (3.66)
Earnings (loss) per common share - Diluted (in dollars per share) $ 0.49 $ 0.07 $ 0.44 $ (3.66)
Weighted average common shares outstanding - Basic (in shares) 39,389 39,243 39,523 39,095
Weighted average common shares outstanding - Diluted (in shares) 39,686 39,789 39,875 39,095
Product [Member]        
Revenues        
Revenues $ 566,047 $ 515,914 $ 1,110,897 $ 1,053,024
Cost of revenues        
Cost of revenues 401,033 366,542 787,135 749,392
Service [Member]        
Revenues        
Revenues 68,990 69,976 138,716 140,087
Cost of revenues        
Cost of revenues $ 42,790 $ 42,771 $ 84,001 $ 87,287