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Debt (Text Block) | 12 Months Ended
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Dec. 31, 2016
Debt Disclosure [Abstract] |
Debt [Text Block] | Debt The components of our borrowings are as follows:
| December 31, 2016 |  | December 31, 2015
| (in thousands)
Credit Facilities |  |  |
USD denominated term loan | $ | 208,125 |  |  | $ | 219,375 |
Multicurrency revolving line of credit | 97,167 |  |  | 151,837 |
Total debt | 305,292 |  |  | 371,212 |
Less: current portion of debt | 14,063 |  |  | 11,250 |
Less: unamortized prepaid debt fees - term loan | 769 |  |  | 1,047 |
Long-term debt | $ | 290,460 |  |  | $ | 358,915 |
Credit Facilities On June 23, 2015, we entered into an amended and restated credit agreement providing for committed credit facilities in the amount of $725 million U.S. dollars (the 2015 credit facility). The 2015 credit facility consists of a $225 million U.S. dollar term loan (the term loan) and a multicurrency revolving line of credit (the revolver) with a principal amount of up to $500 million. The revolver also contains a $250 million standby letter of credit sub-facility and a $50 million swingline sub-facility (available for immediate cash needs at a higher interest rate). Both the term loan and the revolver mature on June 23, 2020, and amounts borrowed under the revolver are classified as long-term and, during the credit facility term, may be repaid and reborrowed until the revolver's maturity, at which time the revolver will terminate, and all outstanding loans, together with all accrued and unpaid interest, must be repaid. Amounts not borrowed under the revolver are subject to a commitment fee, which is paid in arrears on the last day of each fiscal quarter, ranging from 0.18% to 0.30% per annum depending on our total leverage ratio as of the most recently ended fiscal quarter. Amounts repaid on the term loan may not be reborrowed. The 2015 credit facility permits us and certain of our foreign subsidiaries to borrow in U.S. dollars, euros, British pounds, or, with lender approval, other currencies readily convertible into U.S. dollars. All obligations under the 2015 credit facility are guaranteed by Itron, Inc. and material U.S. domestic subsidiaries and are secured by a pledge of substantially all of the assets of Itron, Inc. and material U.S. domestic subsidiaries, including a pledge of 100% of the capital stock of material U.S. domestic subsidiaries and up to 66% of the voting stock (100% of the non-voting stock) of their first-tier foreign subsidiaries. In addition, the obligations of any foreign subsidiary who is a foreign borrower, as defined by the 2015 credit facility, are guaranteed by the foreign subsidiary and by its direct and indirect foreign parents. On June 13, 2016, we entered into an amendment to the 2015 credit facility, which reduced our $300 million standby letter of credit sub-facility to $250 million. Scheduled principal repayments for the term loan are due quarterly in the amount of $2.8 million through June 2017, $4.2 million from September 2017 through June 2018, $5.6 million from September 2018 through March 2020, and the remainder due at maturity on June 23, 2020. The term loan may be repaid early in whole or in part, subject to certain minimum thresholds, without penalty. Required minimum principal payments on our outstanding credit facilities are as follows:
Year Ending December 31, |  | Minimum Payments
|  | (in thousands)
2017 |  | $ | 14,063 |
2018 |  | 19,687 |
2019 |  | 22,500 |
2020 |  | 249,042 |
2021 |  | — |
Total minimum payments on debt |  | $ | 305,292 |
Under the 2015 credit facility, we elect applicable market interest rates for both the term loan and any outstanding revolving loans. We also pay an applicable margin, which is based on our total leverage ratio (as defined in the credit agreement). The applicable rates per annum may be based on either: (1) the LIBOR rate or EURIBOR rate (floor of 0%), plus an applicable margin, or (2) the Alternate Base Rate, plus an applicable margin. The Alternate Base Rate election is equal to the greatest of three rates: (i) the prime rate, (ii) the Federal Reserve effective rate plus 1/2 of 1%, or (iii) one month LIBOR plus 1%. At December 31, 2016 and 2015, the interest rates for both the term loan and the USD revolver was 2.02% and 2.18%, which includes the LIBOR rate plus a margin of 1.25% and 1.75%, respectively. At December 31, 2016 and 2015, the interest rates for the EUR revolver was 1.25% and 1.75%, which includes the EURIBOR floor rate plus a margin of 1.25% and 1.75%, respectively. Total credit facility repayments were as follows:
| Year Ended December 31,
| 2016 |  | 2015 |  | 2014
| (in thousands)
Term loan | $ | 11,250 |  |  | $ | 13,125 |  |  | $ | 26,250 |
Multicurrency revolving line of credit | 67,869 |  |  | 49,873 |  |  | 76,188 |
Total credit facility repayments | $ | 79,119 |  |  | $ | 62,998 |  |  | $ | 102,438 |
At December 31, 2016, $97.2 million was outstanding under the 2015 credit facility revolver, and $46.1 million was utilized by outstanding standby letters of credit, resulting in $356.7 million available for additional borrowings or standby letters of credit. At December 31, 2016, $203.9 million was available for additional standby letters of credit under the letter of credit sub-facility and no amounts were outstanding under the swingline sub-facility.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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