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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Revenues $ 431,882 $ 489,412 $ 907,213 $ 1,008,986
Cost of revenues        
Cost of revenues 305,777 339,537 645,884 692,067
Gross profit 126,105 149,875 261,329 316,919
Operating expenses        
Sales, general and administrative 72,877 74,144 149,278 150,136
Research and development 45,055 48,763 94,651 100,490
Amortization of intangible assets 6,485 8,997 13,038 17,970
Restructuring (3,459) 192 (9,825) (1,788)
Loss on sale of business 194 24,711 2,415 26,103
Goodwill impairment 38,480 0 38,480 0
Total operating expenses 159,632 156,807 288,037 292,911
Operating income (loss) (33,527) (6,932) (26,708) 24,008
Other income (expense)        
Interest income 349 432 566 974
Interest expense (1,660) (14,004) (3,252) (24,479)
Other income (expense), net (1,386) (12,157) (2,075) (14,923)
Total other income (expense) (2,697) (25,729) (4,761) (38,428)
Loss before income taxes (36,224) (32,661) (31,469) (14,420)
Income tax benefit (provision) (641) 216 (4,500) (4,445)
Net loss (36,865) (32,445) (35,969) (18,865)
Net income attributable to noncontrolling interests 102 678 92 1,655
Net loss attributable to Itron, Inc. $ (36,967) $ (33,123) $ (36,061) $ (20,520)
Earnings (loss) per common share - Basic (in dollars per share) $ (0.82) $ (0.73) $ (0.80) $ (0.47)
Earnings (loss) per common share - Diluted (in dollars per share) $ (0.82) $ (0.73) $ (0.80) $ (0.47)
Weighted average common shares outstanding - Basic (in shares) 45,066 45,142 45,042 43,344
Weighted average common shares outstanding - Diluted (in shares) 45,066 45,142 45,042 43,344
Product [Member]        
Revenues        
Revenues $ 359,898 $ 411,719 $ 759,708 $ 854,523
Cost of revenues        
Cost of revenues 265,278 295,064 560,098 602,755
Service [Member]        
Revenues        
Revenues 71,984 77,693 147,505 154,463
Cost of revenues        
Cost of revenues $ 40,499 $ 44,473 $ 85,786 $ 89,312