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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Revenues $ 475,331 $ 519,574
Cost of revenues    
Cost of revenues 340,107 352,530
Gross profit 135,224 167,044
Operating expenses    
Sales, general and administrative 76,401 75,992
Research and development 49,596 51,727
Amortization of intangible assets 6,553 8,973
Restructuring (6,366) (1,980)
Loss on sale of business 2,221 1,392
Total operating expenses 128,405 136,104
Operating income 6,819 30,940
Other income (expense)    
Interest income 217 542
Interest expense (1,592) (10,475)
Other income (expense), net (689) (2,766)
Total other income (expense) (2,064) (12,699)
Income before income taxes 4,755 18,241
Income tax provision (3,859) (4,661)
Net income 896 13,580
Net income (loss) attributable to noncontrolling interests (10) 977
Net income attributable to Itron, Inc. $ 906 $ 12,603
Earnings (loss) per common share - Basic (in dollars per share) $ 0.02 $ 0.30
Earnings (loss) per common share - Diluted (in dollars per share) $ 0.02 $ 0.30
Weighted average common shares outstanding - Basic (in shares) 45,018 41,526
Weighted average common shares outstanding - Diluted (in shares) 45,240 41,964
Product [Member]    
Revenues    
Revenues $ 399,810 $ 442,804
Cost of revenues    
Cost of revenues 294,820 307,691
Service [Member]    
Revenues    
Revenues 75,521 76,770
Cost of revenues    
Cost of revenues $ 45,287 $ 44,839