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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Revenues $ 624,474 $ 595,962 $ 1,874,087 $ 1,789,073
Cost of revenues        
Cost of revenues 428,070 398,865 1,299,206 1,235,544
Gross profit 196,404 197,097 574,881 553,529
Operating expenses        
Sales, general and administrative 83,666 89,556 264,640 332,833
Research and development 50,612 47,239 150,551 162,298
Amortization of intangible assets 16,095 17,960 48,185 53,699
Restructuring 6,592 666 7,685 82,908
Total operating expenses 156,965 155,421 471,061 631,738
Operating income (loss) 39,439 41,676 103,820 (78,209)
Other income (expense)        
Interest income 517 431 1,379 1,725
Interest expense (12,868) (14,171) (39,899) (44,320)
Other income (expense), net (2,759) (2,434) (6,463) (2,598)
Total other income (expense) (15,110) (16,174) (44,983) (45,193)
Income (loss) before income taxes 24,329 25,502 58,837 (123,402)
Income tax benefit (provision) (6,152) (5,715) (20,692) 1,692
Net income (loss) 18,177 19,787 38,145 (121,710)
Net income (loss) attributable to noncontrolling interests 1,330 (95) 3,759 1,417
Net income (loss) attributable to Itron, Inc. $ 16,847 $ 19,882 $ 34,386 $ (123,127)
Earnings (loss) per common share - Basic (in dollars per share) $ 0.43 $ 0.51 $ 0.87 $ (3.14)
Earnings (loss) per common share - Diluted (in dollars per share) $ 0.42 $ 0.50 $ 0.86 $ (3.14)
Weighted average common shares outstanding - Basic (in shares) 39,478 39,340 39,508 39,177
Weighted average common shares outstanding - Diluted (in shares) 39,903 39,909 39,884 39,177
Product [Member]        
Revenues        
Revenues $ 552,897 $ 525,716 $ 1,663,794 $ 1,578,740
Cost of revenues        
Cost of revenues 389,778 357,194 1,176,913 1,106,586
Service [Member]        
Revenues        
Revenues 71,577 70,246 210,293 210,333
Cost of revenues        
Cost of revenues $ 38,292 $ 41,671 $ 122,293 $ 128,958