v2.4.0.8
Other Comprehensive Income (Loss) (Text Block)
 9 Months Ended
Sep. 30, 2014
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Other Comprehensive Income (Loss) [Text Block]
Other Comprehensive Income (Loss)

OCI is reflected as a net increase (decrease) to Itron, Inc. shareholders’ equity and is not reflected in our results of operations. The before-tax amount, income tax (provision) benefit, and net-of-tax amount related to each component of other comprehensive income (loss) during the reporting periods are as follows:

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
 
(in thousands)
Before-tax amount
 
 
 
 
 
 
 
Foreign currency translation adjustment
$
(49,820
)
 
$
21,992

 
$
(61,208
)
 
$
1,343

Net unrealized gain (loss) on derivative instruments designated as cash flow hedges
217

 
(1,021
)
 
(556
)
 
223

Net hedging loss (gain) reclassified into net income
430

 
274

 
1,275

 
274

Pension plan benefits liability adjustment
141

 
266

 
449

 
(17
)
Total other comprehensive income (loss), before tax
(49,032
)
 
21,511

 
(60,040
)
 
1,823

 
 
 
 
 
 
 
 
Tax (provision) benefit
 
 
 
 
 
 
 
Foreign currency translation adjustment
429

 
(73
)
 
448

 
(3,544
)
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges
(83
)
 
343

 
212

 
(129
)
Net hedging loss (gain) reclassified into net income
(164
)
 
(104
)
 
(487
)
 
(104
)
Pension plan benefits liability adjustment
(43
)
 
(81
)
 
(136
)
 
5

Total other comprehensive income (loss) tax (provision) benefit
139

 
85

 
37

 
(3,772
)
 
 
 
 
 
 
 
 
Net-of-tax amount
 
 
 
 
 
 
 
Foreign currency translation adjustment
(49,391
)
 
21,919

 
(60,760
)
 
(2,201
)
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges
134

 
(678
)
 
(344
)
 
94

Net hedging loss (gain) reclassified into net income
266

 
170

 
788

 
170

Pension plan benefits liability adjustment
98

 
185

 
313

 
(12
)
Total other comprehensive income (loss), net of tax
$
(48,893
)
 
$
21,596

 
$
(60,003
)
 
$
(1,949
)


The changes in the components of accumulated other comprehensive income (loss) (AOCI), net of tax, were as follows:

 
Foreign Currency Translation Adjustments
 
Net Unrealized Gain (Loss) on Derivative Instruments
 
Net Unrealized Gain (Loss) on Nonderivative Instruments
 
Pension Plan Benefit Liability Adjustments
 
Total
 
(in thousands)
Balances at January 1, 2013
$
(3,313
)
 
$
(1,689
)
 
$
(14,380
)
 
$
(15,002
)
 
$
(34,384
)
OCI before reclassifications
(2,201
)
 
94

 
—

 
—

 
(2,107
)
Amounts reclassified from AOCI
—

 
170

 
—

 
(12
)
 
158

Total other comprehensive income (loss)
(2,201
)

264


—

 
(12
)
 
(1,949
)
Balances at September 30, 2013
$
(5,514
)
 
$
(1,425
)
 
$
(14,380
)
 
$
(15,014
)
 
$
(36,333
)
 
 
 
 
 
 
 
 
 
 
Balances at January 1, 2014
$
3,799

 
$
(1,256
)
 
$
(14,380
)
 
$
(9,885
)
 
$
(21,722
)
OCI before reclassifications
(60,760
)
 
(344
)
 
—

 
627

 
(60,477
)
Amounts reclassified from AOCI
—

 
788

 
—

 
(314
)
 
474

Total other comprehensive income (loss)
(60,760
)

444

 
—

 
313

 
(60,003
)
Balances at September 30, 2014
$
(56,961
)
 
$
(812
)
 
$
(14,380
)
 
$
(9,572
)
 
$
(81,725
)


Details about the AOCI components reclassified to the Consolidated Statements of Operations during the reporting periods are as follows:

 
 
Amount Reclassified from AOCI(1)
 
 
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
Affected Line Item in the Income Statement
 
 
2014
 
2013
 
2014
 
2013
 
 
 
 
(in thousands)
 
 
Amortization of defined benefit pension items
 
 
 
 
 
 
 
 
 
 
Prior-service costs
 
$
(17
)
 
$
(17
)
 
$
(53
)
 
$
(51
)
 
(2) 
Actuarial losses
 
(118
)
 
(249
)
 
(363
)
 
(746
)
 
(2) 
Other
 
(6
)
 
—

 
(35
)
 
—

 
(2) 
Total, before tax
 
(141
)
 
(266
)
 
(451
)
 
(797
)
 
Income before income taxes
Tax benefit (provision)
 
43

 
81

 
137

 
243

 
Income tax provision
Total, net of tax
 
(98
)
 
(185
)
 
(314
)
 
(554
)
 
Net income
 
 
 
 
 
 
 
 
 
 
 
Total reclassifications for the period, net of tax
 
$
(98
)
 
$
(185
)
 
$
(314
)
 
$
(554
)
 
Net income

(1) 
Amounts in parenthesis indicate debits to the Consolidated Statements of Operations.
(2) 
These AOCI components are included in the computation of net periodic pension cost. Refer to Note 8 for additional details.

Refer to Note 7 for additional details related to derivative activities that resulted in reclassification of AOCI to the Consolidated Statements of Operations.