Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2021

Stockholders' Equity Note [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The changes in the components of AOCI, net of tax, were as follows:

In thousands	Foreign Currency Translation Adjustments		Net Unrealized Gain (Loss) on Derivative Instruments		Net Unrealized Gain (Loss) on Nonderivative Instruments		Pension Benefit Obligation Adjustments		Accumulated Other Comprehensive Income (Loss)
Balances at January 1, 2019	$	(157,489)	$	1,201	$	(14,380)	$	(25,637)	$	(196,305)
OCI before reclassifications	(2,953)		4,061		—		1,909		3,017
Amounts reclassified from AOCI	2,443		(5,985)		—		(7,842)		(11,384)
Total other comprehensive income (loss)	(510)		(1,924)		—		(5,933)		(8,367)
Balances at December 31, 2019	(157,999)		(723)		(14,380)		(31,570)		(204,672)
OCI before reclassifications	21,082		(7,002)		—		(8,689)		5,391
Amounts reclassified from AOCI	52,074		6,104		—		2,577		60,755
Total other comprehensive income (loss)	73,156		(898)		—		(6,112)		66,146
Balances at December 31, 2020	(84,843)		(1,621)		(14,380)		(37,682)		(138,526)
OCI before reclassifications	(26,923)		1,121		—		14,264		(11,538)
Amounts reclassified from AOCI	—		290		—		1,676		1,966
Total other comprehensive income (loss)	(26,923)		1,411		—		15,940		(9,572)
Balances at December 31, 2021	$	(111,766)	$	(210)	$	(14,380)	$	(21,742)	$	(148,098)

On November 2, 2021, Itron entered into an agreement to sell certain of its Gas device businesses and operations to Dresser. Upon closure of the sale, an estimated $59.7 million of accumulated foreign currency translation losses and $0.9 million in unrealized defined benefit plan losses will be recognized. Refer to Note 18: Sale of Businesses for additional information on the transaction.

Income Tax (Provision) Benefit Related To OCI

The before-tax, income tax (provision) benefit, and net-of-tax amounts related to each component of OCI were as follows:

	Year Ended December 31,
In thousands	2021		2020		2019
Before-tax amount
Foreign currency translation adjustment	$	(26,757)	$	20,947	$	(2,581)
Foreign currency translation adjustment reclassified to net income on sale of business	—		52,074		2,443
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges	1,139		(7,519)		4,063
Net hedging (gain) loss reclassified to net income	756		6,190		(6,605)
Net unrealized gain (loss) on defined benefit plans	14,426		(8,798)		1,966
Net defined benefit plan (gain) loss reclassified to net income	1,695		2,609		(8,076)
Total other comprehensive income (loss), before tax	(8,741)		65,503		(8,790)
Tax (provision) benefit
Foreign currency translation adjustment	(166)		135		(372)
Foreign currency translation adjustment reclassified to net income on sale of business	—		—		—
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges	(18)		517		(2)
Net hedging (gain) loss reclassified to net income	(466)		(86)		620
Net unrealized gain (loss) on defined benefit plans	(162)		109		(57)
Net defined benefit plan (gain) loss reclassified to net income	(19)		(32)		234
Total other comprehensive income (loss) tax (provision) benefit	(831)		643		423
Net-of-tax amount
Foreign currency translation adjustment	(26,923)		21,082		(2,953)
Foreign currency translation adjustment reclassified to net income on sale of business	—		52,074		2,443
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges	1,121		(7,002)		4,061
Net hedging (gain) loss reclassified to net income	290		6,104		(5,985)
Net unrealized gain (loss) on defined benefit plans	14,264		(8,689)		1,909
Net defined benefit plan (gain) loss reclassified to net income	1,676		2,577		(7,842)
Total other comprehensive income (loss), net of tax	$	(9,572)	$	66,146	$	(8,367)