XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Revenues $ 540,184 $ 624,474 $ 1,648,193 $ 1,874,087
Cost of revenues        
Cost of revenues 396,933 428,070 1,194,859 1,299,206
Gross profit 143,251 196,404 453,334 574,881
Operating expenses        
Sales, general and administrative 64,982 83,666 215,018 264,640
Research and development 46,224 50,612 148,999 150,551
Amortization of intangible assets 11,183 16,095 33,488 48,185
Restructuring 44,462 6,592 41,531 7,685
Total operating expenses 167,231 156,965 496,331 471,061
Operating income (loss) (23,980) 39,439 (42,997) 103,820
Other income (expense)        
Interest income 354 517 2,165 1,379
Interest expense (10,810) (12,868) (33,771) (39,899)
Other income (expense), net (2,607) (2,759) (3,414) (6,463)
Total other income (expense) (13,063) (15,110) (35,020) (44,983)
Income (loss) before income taxes (37,043) 24,329 (78,017) 58,837
Income tax benefit (provision) 11,985 (6,152) (366) (20,692)
Net income (loss) (25,058) 18,177 (78,383) 38,145
Net income attributable to noncontrolling interests 299 1,330 1,092 3,759
Net income (loss) attributable to Itron, Inc. $ (25,357) $ 16,847 $ (79,475) $ 34,386
Earnings (loss) per common share - Basic (in dollars per share) $ (0.63) $ 0.43 $ (1.98) $ 0.87
Earnings (loss) per common share - Diluted (in dollars per share) $ (0.63) $ 0.42 $ (1.98) $ 0.86
Weighted average common shares outstanding - Basic (in shares) 40,337 39,478 40,199 39,508
Weighted average common shares outstanding - Diluted (in shares) 40,337 39,903 40,199 39,884
Gain (Loss) on Disposition of Other Assets $ 380 $ 0 $ 57,295 $ 0
Product [Member]        
Revenues        
Revenues 470,658 552,897 1,437,780 1,663,794
Cost of revenues        
Cost of revenues 358,297 389,778 1,072,271 1,176,913
Service [Member]        
Revenues        
Revenues 69,526 71,577 210,413 210,293
Cost of revenues        
Cost of revenues $ 38,636 $ 38,292 $ 122,588 $ 122,293