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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Revenues $ 494,618 $ 475,331
Cost of revenues    
Cost of revenues 338,250 340,107
Gross profit 156,368 135,224
Operating expenses    
Sales, general and administrative 75,521 76,401
Research and development 49,565 49,596
Amortization of intangible assets 5,048 6,553
Restructuring 36,609 (6,366)
Loss on sale of business 18 2,221
Total operating expenses 166,761 128,405
Operating income (loss) (10,393) 6,819
Other income (expense)    
Interest income 1,818 217
Interest expense (2,057) (1,592)
Other income (expense), net (1,475) (689)
Total other income (expense) (1,714) (2,064)
Income (loss) before income taxes (12,107) 4,755
Income tax benefit (provision) 70 (3,859)
Net income (loss) (12,037) 896
Net loss attributable to noncontrolling interests (201) (10)
Net income (loss) attributable to Itron, Inc. $ (11,836) $ 906
Earnings (loss) per common share - Basic (in dollars per share) $ (0.26) $ 0.02
Earnings (loss) per common share - Diluted (in dollars per share) $ (0.26) $ 0.02
Weighted average common shares outstanding - Basic (in shares) 45,281 45,018
Weighted average common shares outstanding - Diluted (in shares) 45,281 45,240
Product [Member]    
Revenues    
Revenues $ 416,324 $ 399,810
Cost of revenues    
Cost of revenues 297,343 294,820
Service [Member]    
Revenues    
Revenues 78,294 75,521
Cost of revenues    
Cost of revenues $ 40,907 $ 45,287