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Segment Information (Text Block)
 12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Segment Information [Text Block]
 Segment Information

We operate under the Itron brand worldwide and manage and report under three operating segments, Electricity, Gas, and Water. Our Water operating segment includes both our global water and heat solutions. This structure allows each segment to develop its own go-to-market strategy, prioritize its marketing and product development requirements, and focus on its strategic investments. Our sales, marketing, and delivery functions are managed under each segment. Our product development and manufacturing operations are managed on a worldwide basis to promote a global perspective in our operations and processes and yet still maintain alignment with the segments.

We have three measures of segment performance: revenue, gross profit (margin), and operating income (margin). Our operating segments have distinct products, and, therefore, intersegment revenues are minimal. Corporate operating expenses, interest income, interest expense, other income (expense), and income tax provision (benefit) are not allocated to the segments nor are included in the measure of segment profit or loss. In addition, we allocate only certain production assets and intangible assets to our operating segments. We do not manage the performance of the segments on a balance sheet basis.

Segment Products
Electricity
Standard electricity (electromechanical and electronic) meters; advanced electricity meters and communication modules; smart electricity meters; smart electricity communication modules; prepayment systems, including smart key, keypad, and smart card communication technologies; advanced systems, including handheld, mobile, and fixed network collection technologies; smart network technologies; meter data management software; knowledge application solutions; installation; implementation; and professional services, including consulting, and analysis.
 
 
Gas
Standard gas meters; advanced gas meters and communication modules; smart gas meters; smart gas communication modules; prepayment systems, including smart key, keypad, and smart card communication technologies; advanced systems, including handheld, mobile, and fixed network collection technologies; smart network technologies; meter data management software; knowledge application solutions installation; implementation; and professional services, including consulting, and analysis.
 
 
Water
Standard water and heat meters; advanced and smart water meters and communication modules; advanced systems including handheld, mobile, and fixed network collection technologies; meter data management software; knowledge application solutions; installation; implementation; and professional services, including consulting, and analysis.

Revenues, gross profit, and operating income associated with our segments were as follows:
 
 
Year Ended December 31,
 
2014
 
2013
 
2012
 
(in thousands)
Revenues
 
 
 
 
 
Electricity
$
794,144

 
$
836,553

 
$
1,024,340

Gas
599,081

 
570,297

 
627,193

Water
577,472

 
541,878

 
526,645

Total Company
$
1,970,697

 
$
1,948,728

 
$
2,178,178

 
 
 
 
 
 
Gross profit
 
 
 
 
 
Electricity
$
208,476

 
$
218,913

 
$
295,005

Gas
211,815

 
207,915

 
235,391

Water
202,834

 
187,705

 
184,751

Total Company
$
623,125

 
$
614,533

 
$
715,147

 
 
 
 
 
 
Operating income (loss)
 
 
 
 
 
Electricity
$
(72,476
)
 
$
(235,908
)
 
$
24,812

Gas
75,598

 
83,882

 
110,557

Water
71,006

 
63,252

 
59,210

Corporate unallocated
(70,296
)
 
(46,407
)
 
(43,453
)
Total Company
3,832

 
(135,181
)
 
151,126

Total other income (expense)
(18,741
)
 
(13,073
)
 
(14,907
)
Income (loss) before income taxes
$
(14,909
)
 
$
(148,254
)
 
$
136,219



For the years ended December 31, 2014 and 2013, no single customer represented more than 10% of total Company or the Electricity, Gas or Water operating segment revenues.

For the year ended December 31, 2012, no single customer represented more than 10% of total Company or the Gas or Water operating segment revenues, and one customer accounted for 17% of the Electricity operating segment revenues.

During 2014, in our Electricity segment, we revised our estimate of the cost to complete an OpenWay project in North America. This resulted in a decrease to gross profit of $15.9 million, which decreased basic and diluted earnings per share by $0.25 for the year ended December 31, 2014. We previously recorded additional costs on this contract in 2013, which decreased gross profit by $16.5 million and decreased basic and diluted earnings per share by $0.26 for the year December 31, 2013. The per share amounts are shown net of tax.

Revenues by region were as follows:
 
Year Ended December 31,
 
2014
 
2013
 
2012
 
(in thousands)
United States and Canada
$
899,399

 
$
851,295

 
$
1,014,739

Europe, Middle East, and Africa (EMEA)
848,502

 
858,026

 
878,615

Other
222,796

 
239,407

 
284,824

Total revenues
$
1,970,697

 
$
1,948,728

 
$
2,178,178



Property, plant, and equipment, net, by geographic area were as follows:
 
 
At December 31,
 
2014
 
2013
 
(in thousands)
United States
$
76,130

 
$
87,954

Outside United States
131,659

 
158,866

Total property, plant, and equipment, net
$
207,789

 
$
246,820



Depreciation and amortization expense associated with our segments was as follows:
 
 
Year Ended December 31,
 
2014
 
2013
 
2012
 
(in thousands)
Electricity
$
47,886

 
$
46,535

 
$
52,113

Gas
26,031

 
27,266

 
29,968

Water
24,259

 
24,797

 
27,324

Corporate Unallocated
287

 
247

 
66

Total Company
$
98,463

 
$
98,845

 
$
109,471