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Quarterly Results (Unaudited) (Text Block)
 12 Months Ended
Dec. 31, 2016
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 share data)
2016
 
 
 
 
 
 
 
 
 
Statement of operations data (unaudited):
 
 
 
 
 
 
 
 
 
Revenues
$
497,590

 
$
513,024

 
$
506,859

 
$
495,713

 
$
2,013,186

Gross profit
163,203

 
169,705

 
170,749

 
156,663

 
660,320

Net income (loss) attributable to Itron, Inc.
10,089

 
19,917

 
(9,885
)
 
11,649

 
31,770

 
 
 
 
 
 
 
 
 
 
Earnings (loss) per common share - Basic(1)
$
0.27

 
$
0.52

 
$
(0.26
)
 
$
0.30

 
$
0.83

Earnings (loss) per common share - Diluted(1)
$
0.26

 
$
0.52

 
$
(0.26
)
 
$
0.30

 
$
0.82

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Total Year
 
(in thousands, except per share data)
2015
 
 
 
 
 
 
 
 
 
Statement of operations data (unaudited):
 
 
 
 
 
 
 
 
 
Revenues
$
446,746

 
$
470,811

 
$
469,528

 
$
496,448

 
$
1,883,533

Gross profit
138,422

 
118,554

 
147,290

 
152,419

 
556,685

Net income (loss) attributable to Itron, Inc.
5,398

 
(14,346
)
 
12,640

 
8,986

 
12,678

 
 
 
 
 
 
 
 
 
 
Earnings (loss) per common share - Basic(1)
$
0.14

 
$
(0.37
)
 
$
0.33

 
$
0.23

 
$
0.33

Earnings (loss) per common share - Diluted(1)
$
0.14

 
$
(0.37
)
 
$
0.33

 
$
0.23

 
$
0.33

(1) 
The sum of the quarterly EPS data presented in the table may not equal the annual results due to rounding and the impact of dilutive securities on the annual versus the quarterly EPS calculations.

During the third quarter of 2016, we announced the 2016 Projects to restructure various company activities in order to improve operational efficiencies, reduce expenses and improve competiveness. As a result, we recognized $40.0 million and $7.8 million in restructuring costs during the third and fourth quarters of 2016, respectively, related to the 2016 Projects.

For the year ended December 31, 2015, management concluded earnings fell below the threshold at which incentive compensation was appropriate. As a result, $13.3 million of previously accrued compensation expense was reversed in the fourth quarter of 2015.

During the second quarter of 2015, we concluded it was necessary to issue a product replacement notification to customers of our Water segment who had purchased certain communication modules manufactured between July 2013 and December 2014. We determined that a component of the modules was failing prematurely. As a result, we recognized a warranty charge of $23.6 million during the second quarter of 2015.