XML 69 R58.htm IDEA: XBRL DOCUMENT
v3.20.2

Credit Facility Additional Information (Details) |  | 1 Months Ended | 9 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | ---
Oct. 19, 2020 USD ($) | Nov. 02, 2020 USD ($) | Sep. 30, 2020 USD ($) | Mar. 25, 2020 USD ($) | Dec. 31, 2019 USD ($) | Oct. 18, 2019 USD ($)
Debt Instrument [Line Items] |  |  |  |  |  |
Debt instrument, face amount |  |  |  |  |  | $ 1,200,000,000
Line of credit facility, maximum borrowing capacity |  |  |  |  |  | 500,000,000
Swingline sub-facility [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  |  |  |  | 50,000,000
Line of credit facility, amount outstanding |  |  | $ 0 |  |  |
USD Denominated Term Loan [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt instrument, face amount |  |  |  |  |  | 650,000,000
Line of Credit [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Line of credit facility, amount outstanding |  |  | 400,000,000 | $ 400,000,000 | $ 0 |
Line of credit facility, remaining borrowing capacity |  |  | 33,225,000 |  | $ 458,928,000 |
Line of Credit [Member] | Subsequent Event [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt instrument, fee amount | $ 1,400,000 |  |  |  |  |
Repayments of lines of credit |  | $ 100,000,000 |  |  |  |
Line of Credit [Member] | Subsequent Event [Member] | Fourth Quarter 2020 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt instrument, debt covenant. required rate | 4.75 |  |  |  |  |
Line of Credit [Member] | Subsequent Event [Member] | First Quarter 2021 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt instrument, debt covenant. required rate | 4.50 |  |  |  |  |
Standby Letters of Credit [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  |  |  |  | $ 300,000,000
Letters of credit outstanding, amount |  |  | $ 66,800,000 |  |  |
Secured Debt [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt instrument, collateral |  |  | All obligations under the 2018 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. This includes 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 first-tier foreign subsidiaries. In addition, the obligations of any foreign subsidiary who is a foreign borrower, as defined by the 2018 credit facility, are guaranteed by the foreign subsidiary and by its direct and indirect foreign parents. |  |  |
Minimum [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Line of credit facility, unused capacity, commitment fee percentage |  |  | 0.15% |  |  |
Applicable interest rate |  |  | 1.00% |  |  |
Minimum [Member] | Line of Credit [Member] | Subsequent Event [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Line of credit facility, unused capacity, commitment fee percentage | 0.15% |  |  |  |  |
Applicable interest rate | 1.00% |  |  |  |  |
Maximum [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Line of credit facility, unused capacity, commitment fee percentage |  |  | 0.25% |  |  |
Applicable interest rate |  |  | 1.75% |  |  |
Maximum [Member] | Line of Credit [Member] | Subsequent Event [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Line of credit facility, unused capacity, commitment fee percentage | 0.30% |  |  |  |  |
Applicable interest rate | 2.00% |  |  |  |  |
London Interbank Offered Rate (LIBOR) [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Applicable interest rate |  |  | 1.65% |  |  |
Debt instrument, description of variable rate basis |  |  | the LIBOR rate |  |  |
Debt instrument, basis spread on variable rate |  |  | 1.50% |  |  |
EURIBOR [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt instrument, description of variable rate basis |  |  | EURIBOR rate |  |  |
Alternate base rate (1) [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt instrument, description of variable rate basis |  |  | the prime rate |  |  |
Alternate base rate (2) [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt instrument, description of variable rate basis |  |  | the Federal Reserve effective rate |  |  |
Fed Funds Effective Rate Overnight Index Swap Rate [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt instrument, basis spread on variable rate |  |  | 0.50% |  |  |
Alternate base rate (3) [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt instrument, description of variable rate basis |  |  | one-month LIBOR |  |  |
Debt instrument, basis spread on variable rate |  |  | 1.00% |  |  |
Alternate base rate [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt instrument, description of variable rate basis |  |  | Alternate Base Rate |  |  |

X
- Definition Debt Instrument, Debt Covenant. Required Rate + References No definition available. + Details
Name: | itri_DebtInstrumentDebtCovenantRequiredRate
Namespace Prefix: | itri_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Discussion of whether the debt instrument is secured or unsecured, and, if secured, a description of the collateral and guarantees required or provided. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 + Details
Name: | us-gaap_DebtInstrumentCollateral
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentDescriptionOfVariableRateBasis
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of the fee that accompanies borrowing money under the debt instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentFeeAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120520924&loc=SL6036836-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateEffectivePercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. + References No definition available. + Details
Name: | us-gaap_LettersOfCreditOutstandingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
Name: | us-gaap_LineOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3291-108585 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(f)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_RepaymentsOfLinesOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=itri_UsdDenominatedTermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | itri_EffectivePeriodAxis=itri_FourthQuarter2020Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | itri_EffectivePeriodAxis=itri_FirstQuarter2021Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_StandbyLettersOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=itri_EURIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=itri_AlternateBaseRate1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=itri_AlternateBaseRate2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_FederalFundsEffectiveSwapRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=itri_AlternateBaseRate3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=itri_AlternateBaseRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |