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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Revenues $ 509,594 $ 635,037 $ 1,108,009 $ 1,249,613
Cost of revenues        
Cost of revenues 371,077 443,823 797,926 871,136
Gross profit 138,517 191,214 310,083 378,477
Operating expenses        
Sales, general and administrative 69,538 88,259 150,036 180,974
Research and development 48,994 49,449 102,775 99,939
Amortization of intangible assets 11,140 16,117 22,305 32,090
Restructuring (2,683) (6,169) (2,931) 1,093
Total operating expenses 183,904 147,656 329,100 314,096
Operating income (loss) (45,387) 43,558 (19,017) 64,381
Other income (expense)        
Interest income 1,258 534 1,811 862
Interest expense (11,684) (13,496) (22,961) (27,031)
Other income (expense), net (1,873) (2,060) (807) (3,704)
Total other income (expense) (12,299) (15,022) (21,957) (29,873)
Income (loss) before income taxes (57,686) 28,536 (40,974) 34,508
Income tax provision (4,801) (8,419) (12,351) (14,540)
Net income (loss) (62,487) 20,117 (53,325) 19,968
Net income attributable to noncontrolling interests 315 671 793 2,429
Net income (loss) attributable to Itron, Inc. $ (62,802) $ 19,446 $ (54,118) $ 17,539
Earnings (loss) per common share - Basic (in dollars per share) $ (1.56) $ 0.49 $ (1.35) $ 0.44
Earnings (loss) per common share - Diluted (in dollars per share) $ (1.56) $ 0.49 $ (1.35) $ 0.44
Weighted average common shares outstanding - Basic (in shares) 40,216 39,389 40,130 39,523
Weighted average common shares outstanding - Diluted (in shares) 40,216 39,686 40,130 39,875
Gain (Loss) on Disposition of Other Assets $ 56,915 $ 0 $ 56,915 $ 0
Product [Member]        
Revenues        
Revenues 438,985 566,047 967,122 1,110,897
Cost of revenues        
Cost of revenues 329,293 401,033 713,974 787,135
Service [Member]        
Revenues        
Revenues 70,609 68,990 140,887 138,716
Cost of revenues        
Cost of revenues $ 41,784 $ 42,790 $ 83,952 $ 84,001