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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Revenues $ 486,949 $ 540,184 $ 1,495,935 $ 1,648,193
Cost of revenues        
Cost of revenues 351,986 396,933 1,044,053 1,194,859
Gross profit 134,963 143,251 451,882 453,334
Operating expenses        
Sales, general and administrative 71,838 64,982 221,974 215,018
Research and development 46,889 46,224 147,379 148,999
Amortization of intangible assets 8,944 11,183 26,914 33,488
Restructuring 958 44,462 (830) 41,531
Loss on sale of business 2,171 380 28,274 57,295
Total operating expenses 130,800 167,231 423,711 496,331
Operating income (loss) 4,163 (23,980) 28,171 (42,997)
Other income (expense)        
Interest income 352 354 1,326 2,165
Interest expense (2,628) (10,810) (27,107) (33,771)
Other income (expense), net (1,761) (2,607) (16,684) (3,414)
Total other income (expense) (4,037) (13,063) (42,465) (35,020)
Income (loss) before income taxes 126 (37,043) (14,294) (78,017)
Income tax benefit (provision) (1,136) 11,985 (5,581) (366)
Net loss (1,010) (25,058) (19,875) (78,383)
Net income attributable to noncontrolling interests 859 299 2,514 1,092
Net loss attributable to Itron, Inc. $ (1,869) $ (25,357) $ (22,389) $ (79,475)
Earnings (loss) per common share - Basic (in dollars per share) $ (0.04) $ (0.63) $ (0.51) $ (1.98)
Earnings (loss) per common share - Diluted (in dollars per share) $ (0.04) $ (0.63) $ (0.51) $ (1.98)
Weighted average common shares outstanding - Basic (in shares) 45,240 40,337 43,983 40,199
Weighted average common shares outstanding - Diluted (in shares) 45,240 40,337 43,983 40,199
Product [Member]        
Revenues        
Revenues $ 410,947 $ 470,658 $ 1,265,470 $ 1,437,780
Cost of revenues        
Cost of revenues 306,168 358,297 908,923 1,072,271
Service [Member]        
Revenues        
Revenues 76,002 69,526 230,465 210,413
Cost of revenues        
Cost of revenues $ 45,818 $ 38,636 $ 135,130 $ 122,588