v2.4.1.9
Quarterly Results (Unaudited)
 12 Months Ended
Dec. 31, 2014
Quarterly Results (Unaudited) [Abstract]  
Quarterly Financial Information [Text Block]
Quarterly Results (Unaudited)
 
 
First Quarter 
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Total Year
 
(in thousands, except per common share and stock price data)
  2014
 
 
 
 
 
 
 
 
 
Statement of operations data:
 
 
 
 
 
 
 
 
 
Revenues
$
474,795

 
$
489,353

 
$
496,454

 
$
510,095

 
$
1,970,697

Gross profit
154,535

 
163,041

 
150,762

 
154,787

 
623,125

Net income (loss) attributable to Itron, Inc.
(254
)
 
19,259

 
7,308

 
(49,233
)
 
(22,920
)
 
 
 
 
 
 
 
 
 
 
Earnings (loss) per common share - Basic
$
(0.01
)
 
$
0.49

 
$
0.19

 
$
(1.25
)
 
$
(0.58
)
Earnings (loss) per common share - Diluted
$
(0.01
)
 
$
0.49

 
$
0.19

 
$
(1.25
)
 
$
(0.58
)
 
 
 
 
 
 
 
 
 
 
  2013
 
 
 
 
 
 
 
 
 
Statement of operations data:
 
 
 
 
 
 
 
 
 
Revenues
$
447,536

 
$
482,175

 
$
495,491

 
$
523,526

 
$
1,948,728

Gross profit
140,123

 
159,588

 
150,084

 
164,738

 
614,533

Net income (loss) attributable to Itron, Inc.
2,570

 
12,399

 
(7,348
)
 
(154,430
)
 
(146,809
)
 
 
 
 
 
 
 
 
 
 
Earnings (loss) per common share - Basic
$
0.07

 
$
0.31

 
$
(0.19
)
 
$
(3.93
)
 
$
(3.74
)
Earnings (loss) per common share - Diluted
$
0.06

 
$
0.31

 
$
(0.19
)
 
$
(3.93
)
 
$
(3.74
)
 

During the fourth quarter of 2013, we incurred a goodwill impairment charge of $173.2 million. In addition, we incurred costs of $31.1 million in the third quarter of 2013 related to restructuring projects approved in 2013. Further, in 2014, new restructuring projects were approved to increase efficiency and lower our cost of manufacturing, for which we incurred costs of $55.8 million in the fourth quarter of 2014.