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Basis of Presentation
9 Months Ended
Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation
Basis of Presentation

In the opinion of management, the accompanying unaudited consolidated condensed financial statements of Badger Meter, Inc. (the “Company” or “Badger Meter”) contain all adjustments (consisting only of normal recurring accruals except as otherwise discussed) necessary to present fairly the Company’s consolidated condensed financial position at September 30, 2016, results of operations for the three- and nine-month periods ended September 30, 2016 and 2015, comprehensive income for the three- and nine-month periods ended September 30, 2016 and 2015, and cash flows for the nine-month periods ended September 30, 2016 and 2015. The results of operations for any interim period are not necessarily indicative of the results to be expected for the full year.

The preparation of financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

On August 12, 2016, the Company announced a 2-for-1 stock split in the form of a 100% stock dividend, payable on September 15, 2016 to shareholders of record at the close of business on August 31, 2016. On August 29, 2016, the Company retired two million shares of treasury stock on a pre-stock split basis. The retired stock had a carrying value of approximately $10.3 million. The Company deducted the par value from common stock and reflected the excess of cost over par value as a reduction of capital in excess of par value. In this report, all the per share amounts and numbers of shares have been retroactively restated to reflect the stock split. Although the legal transaction for the stock split took place in September 2016, the December 31, 2015 amounts have been restated for comparability purposes only.