XML 44 R33.htm IDEA: XBRL DOCUMENT v3.25.1

Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation Expense and Related Tax Benefit

Total stock-based compensation expense and the related tax benefit were as follows:

									Three Months Ended March 31,
In thousands															2025						2024
Restricted stock units															$	16,338					$	11,093
Unrestricted stock awards															220						336
Phantom stock units															699						1,449
Total stock-based compensation															$	17,257					$	12,878
Related tax benefit															$	4,072					$	2,799

Employee Stock Options Activity

A summary of our stock option activity is as follows:

			Shares						Weighted Average Exercise Price per Share						Weighted Average Remaining Contractual Life						Aggregate Intrinsic Value						Weighted Average Grant Date Fair Value
			In thousands												Years						In thousands
Outstanding, January 1, 2024			363						$	61.36					4.0						$	5,886
Granted			—						—																		$	—
Exercised			(19)						44.61												769
Forfeited			—						—
Canceled			—						—
Outstanding, March 31, 2024			344						$	62.27					3.8						$	10,419
Outstanding, January 1, 2025			274						$	64.55					3.2						$	12,087
Granted			—						—																		$	—
Exercised			(39)						36.05												2,906
Forfeited			—						—
Canceled			—						—
Outstanding, March 31, 2025			235						$	69.35					3.4						$	8,322
Exercisable, March 31, 2025			235						$	69.35					3.4						$	8,322

Restricted Stock Units Award Activity

The following table summarizes restricted stock unit activity:

In thousands, except fair value			Number of Restricted Stock Units						Weighted Average Grant Date Fair Value						Aggregate Intrinsic Value
Outstanding, January 1, 2024			751
Granted			397						$	74.85
Released (1)			(306)												$	22,962
Forfeited			(6)
Outstanding, March 31, 2024			836
Outstanding, January 1, 2025			831						$	67.71
Granted			303						97.85
Released (1)			(392)						66.18						$	37,264
Forfeited			(10)						82.25
Outstanding, March 31, 2025			732						80.98
Vested but not released, March 31, 2025			18												$	1,853

(1) Shares released is presented as gross shares and does not reflect shares withheld by us for employee payroll tax obligations.

Restricted Stock Units, Valuation Assumptions

The weighted average assumptions used to estimate the fair value of performance-based restricted stock units granted with a service and market condition and the resulting weighted average fair value are as follows:

									Three Months Ended March 31,
															2025						2024
Expected volatility															40.7		%				45.7		%
Risk-free interest rate															4.3		%				4.4		%
Expected term (years)															2.9						2.9
Weighted average fair value															$	105.52					$	83.26

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of restricted stock units, including, but not limited to: (a) expected term of stock units, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

No definition available.

+ Details

Name:	itri_ScheduleOfShareBasedPaymentAwardRestrictedStockUnitsValuationAssumptionsTableTextBlock
Namespace Prefix:	itri_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of share-based payment arrangement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration