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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Revenues $ 519,574 $ 598,415
Cost of revenues    
Cost of revenues 352,530 426,849
Gross profit 167,044 171,566
Operating expenses    
Sales, general and administrative 75,992 80,498
Research and development 51,727 53,781
Amortization of intangible assets 8,973 11,165
Restructuring (1,980) (248)
Loss on sale of business (1,392) 0
Total operating expenses 136,104 145,196
Operating income 30,940 26,370
Other income (expense)    
Interest income 542 553
Interest expense (10,475) (11,277)
Other income (expense), net (2,766) 1,066
Total other income (expense) (12,699) (9,658)
Income before income taxes 18,241 16,712
Income tax provision (4,661) (7,550)
Net income 13,580 9,162
Net income attributable to noncontrolling interests 977 478
Net income attributable to Itron, Inc. $ 12,603 $ 8,684
Earnings (loss) per common share - Basic (in dollars per share) $ 0.30 $ 0.22
Earnings (loss) per common share - Diluted (in dollars per share) $ 0.30 $ 0.21
Weighted average common shares outstanding - Basic (in shares) 41,526 40,043
Weighted average common shares outstanding - Diluted (in shares) 41,964 40,474
Product [Member]    
Revenues    
Revenues $ 442,804 $ 528,137
Cost of revenues    
Cost of revenues 307,691 384,681
Service [Member]    
Revenues    
Revenues 76,770 70,278
Cost of revenues    
Cost of revenues $ 44,839 $ 42,168