XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Revenues $ 603,442 $ 494,618
Cost of revenues    
Cost of revenues 398,063 338,250
Gross profit 205,379 156,368
Operating expenses    
Sales, general and administrative 85,971 75,521
Research and development 52,401 49,565
Amortization of intangible assets 3,986 5,048
Restructuring 198 36,609
Loss on sale of business 23 18
Total operating expenses 142,579 166,761
Operating income (loss) 62,800 (10,393)
Other income (expense)    
Interest income 3,846 1,818
Interest expense (1,893) (2,057)
Other income (expense), net 463 (1,475)
Total other income (expense) 2,416 (1,714)
Income (loss) before income taxes 65,216 (12,107)
Income tax benefit (provision) (13,429) 70
Net income (loss) 51,787 (12,037)
Net income (loss) attributable to noncontrolling interests 66 (201)
Net income (loss) attributable to Itron, Inc. $ 51,721 $ (11,836)
Earnings (loss) per common share - Basic (in dollars per share) $ 1.13 $ (0.26)
Earnings (loss) per common share - Diluted (in dollars per share) $ 1.12 $ (0.26)
Weighted average common shares outstanding - Basic (in shares) 45,652 45,281
Weighted average common shares outstanding - Diluted (in shares) 46,357 45,281
Product [Member]    
Revenues    
Revenues $ 527,822 $ 416,324
Cost of revenues    
Cost of revenues 356,707 297,343
Service [Member]    
Revenues    
Revenues 75,620 78,294
Cost of revenues    
Cost of revenues $ 41,356 $ 40,907