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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Revenues $ 489,412 $ 509,594 $ 1,008,986 $ 1,108,009
Cost of revenues        
Cost of revenues 339,537 371,077 692,067 797,926
Gross profit 149,875 138,517 316,919 310,083
Operating expenses        
Sales, general and administrative 74,144 69,538 150,136 150,036
Research and development 48,763 48,994 100,490 102,775
Amortization of intangible assets 8,997 11,140 17,970 22,305
Restructuring 192 (2,683) (1,788) (2,931)
Loss on sale of business 24,711 56,915 26,103 56,915
Total operating expenses 156,807 183,904 292,911 329,100
Operating income (loss) (6,932) (45,387) 24,008 (19,017)
Other income (expense)        
Interest income 432 1,258 974 1,811
Interest expense (14,004) (11,684) (24,479) (22,961)
Other income (expense), net (12,157) (1,873) (14,923) (807)
Total other income (expense) (25,729) (12,299) (38,428) (21,957)
Loss before income taxes (32,661) (57,686) (14,420) (40,974)
Income tax benefit (provision) 216 (4,801) (4,445) (12,351)
Net loss (32,445) (62,487) (18,865) (53,325)
Net income attributable to noncontrolling interests 678 315 1,655 793
Net loss attributable to Itron, Inc. $ (33,123) $ (62,802) $ (20,520) $ (54,118)
Earnings (loss) per common share - Basic (in dollars per share) $ (0.73) $ (1.56) $ (0.47) $ (1.35)
Earnings (loss) per common share - Diluted (in dollars per share) $ (0.73) $ (1.56) $ (0.47) $ (1.35)
Weighted average common shares outstanding - Basic (in shares) 45,142 40,216 43,344 40,130
Weighted average common shares outstanding - Diluted (in shares) 45,142 40,216 43,344 40,130
Product [Member]        
Revenues        
Revenues $ 411,719 $ 438,985 $ 854,523 $ 967,122
Cost of revenues        
Cost of revenues 295,064 329,293 602,755 713,974
Service [Member]        
Revenues        
Revenues 77,693 70,609 154,463 140,887
Cost of revenues        
Cost of revenues $ 44,473 $ 41,784 $ 89,312 $ 83,952