Itron (ITRI) 10-Q 5 Aug 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Jun. 30, 2021	Jul. 31, 2021
Document Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	000-22418
Entity Registrant Name	ITRON, INC.
Entity Address, Address Line One	2111 N Molter Road
Entity Incorporation, State or Country Code	WA
Entity Tax Identification Number	91-1011792
Entity Address, City or Town	Liberty Lake
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	99019
City Area Code	509
Local Phone Number	924-9900
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common stock, no par value
Trading Symbol	ITRI
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		45,235,686
Entity Central Index Key	0000780571
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Statements of Oper

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

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Net loss	$ (32,445)	$ (62,487)	$ (18,865)	$ (53,325)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	5,658	11,310	(9,354)	(14,135)
Foreign currency translation adjustment reclassified to net income (loss) on sale of business	0	52,088	0	52,088
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges	(1,220)	(1,389)	1,308	(2,156)
Pension benefit obligation adjustment	699	47	1,400	1,048
Total other comprehensive income (loss), net of tax	5,137	62,056	(6,646)	36,845
Total comprehensive income (loss), net of tax	(27,308)	(431)	(25,511)	(16,480)
Comprehensive income attributable to noncontrolling interests, net of tax	678	315	1,655	793
Comprehensive income (loss) attributable to Itron, Inc.	$ (27,986)	$ (746)	$ (27,166)	$ (17,273)

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 207,131	$ 206,933
Accounts receivable, net	336,071	369,828
Inventories	179,347	182,377
Other current assets	120,351	171,124
Total current assets	842,900	930,262
Property, plant, and equipment, net	196,209	207,816
Deferred tax assets, net	99,297	76,142
Other long-term assets	41,293	51,656
Operating lease right-of-use assets, net	72,059	76,276
Intangible assets, net	113,672	132,955
Goodwill	1,123,155	1,131,916
Total assets	2,488,585	2,607,023
Current liabilities
Accounts payable	175,546	215,639
Other current liabilities	70,525	72,591
Wages and benefits payable	103,642	86,249
Taxes payable	14,235	15,804
Current portion of debt	0	18,359
Current portion of warranty	20,299	28,329
Unearned revenue	130,118	112,928
Total current liabilities	514,365	549,899
Long-term debt, net	479,034	902,577
Long-term warranty	15,911	13,061
Pension benefit obligation	116,666	119,457
Deferred tax liabilities, net	1,832	1,921
Operating lease liabilities	62,785	66,823
Other long-term obligations	97,334	113,012
Total liabilities	1,287,927	1,766,750
Equity
Preferred stock, no par value, 10,000 shares authorized, no shares issued or outstanding	0	0
Common stock, no par value, 75,000 shares authorized, 45,150 and 40,444 shares issued and outstanding	1,775,315	1,389,419
Accumulated other comprehensive loss, net	(145,172)	(138,526)
Accumulated deficit	(454,865)	(434,345)
Total Itron, Inc. shareholders' equity	1,175,278	816,548
Noncontrolling interests	25,380	23,725
Total equity	1,200,658	840,273
Total liabilities and equity	$ 2,488,585	$ 2,607,023
Common stock, shares authorized (in shares)	75,000,000	75,000,000
Common stock, shares issued (in shares)	45,150,000	40,444,000
Common stock, shares outstanding (in shares)	45,150,000	40,444,000
Preferred stock, shares authorized (in share)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Common stock, shares authorized (in shares)	75,000,000	75,000,000
Common stock, shares issued (in shares)	45,150,000	40,444,000
Common stock, shares outstanding (in shares)	45,150,000	40,444,000
Preferred stock, no par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in share)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0

Consolidated Statements of Equi

Consolidated Statements of Equity Statement - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Common Stock Including Additional Paid in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Parent [Member]	Noncontrolling Interest [Member]
Beginning balance (in shares) at Dec. 31, 2019		39,941
Beginning balance at Dec. 31, 2019	$ 800,815		$ 1,357,600	$ (204,672)	$ (376,390)	$ 776,538	$ 24,277
Net loss	9,162				8,684	8,684	478
Other comprehensive income (loss), net of tax	(25,211)			(25,211)		(25,211)
Net stock issuance and repurchases (in shares)		235
Net stock issued and repurchased	2,247		2,247			2,247
Stock-based compensation expense	8,482		8,482			8,482
Ending balance at Mar. 31, 2020	795,495		1,368,329	(229,883)	(367,706)	770,740	24,755
Ending balance (in shares) at Mar. 31, 2020		40,176
Beginning balance (in shares) at Dec. 31, 2019		39,941
Beginning balance at Dec. 31, 2019	800,815		1,357,600	(204,672)	(376,390)	776,538	24,277
Net loss	(53,325)
Other comprehensive income (loss), net of tax	36,845
Proceeds from sale of warrants	0
Ending balance at Jun. 30, 2020	802,869		1,376,134	(167,827)	(430,508)	777,799	25,070
Ending balance (in shares) at Jun. 30, 2020		40,234
Beginning balance (in shares) at Mar. 31, 2020		40,176
Beginning balance at Mar. 31, 2020	795,495		1,368,329	(229,883)	(367,706)	770,740	24,755
Net loss	(62,487)				(62,802)	(62,802)	315
Other comprehensive income (loss), net of tax	62,056			62,056		62,056
Net stock issuance and repurchases (in shares)		58
Net stock issued and repurchased	706		706			706
Stock-based compensation expense	7,099		7,099			7,099
Ending balance at Jun. 30, 2020	$ 802,869		1,376,134	(167,827)	(430,508)	777,799	25,070
Ending balance (in shares) at Jun. 30, 2020		40,234
Beginning balance (in shares) at Dec. 31, 2020	40,444	40,444
Beginning balance at Dec. 31, 2020	$ 840,273		1,389,419	(138,526)	(434,345)	816,548	23,725
Net loss	13,580				12,603	12,603	977
Other comprehensive income (loss), net of tax	(11,783)			(11,783)		(11,783)
Net stock issuance and repurchases (in shares)		206
Net stock issued and repurchased	2,009		2,009			2,009
Stock-based compensation expense	6,270		6,270			6,270
Stock issued related to equity offering		4,472
Stock issued related to equity offering	389,419		389,419			389,419
Proceeds from sale of warrants	45,349		45,349			45,349
Purchases of convertible note hedge contracts, net of tax	(63,576)		(63,576)			(63,576)
Registration fee	373		373			373
Ending balance at Mar. 31, 2021	$ 1,221,168		1,768,517	(150,309)	(421,742)	1,196,466	24,702
Ending balance (in shares) at Mar. 31, 2021		45,122
Beginning balance (in shares) at Dec. 31, 2020	40,444	40,444
Beginning balance at Dec. 31, 2020	$ 840,273		1,389,419	(138,526)	(434,345)	816,548	23,725
Net loss	(18,865)
Other comprehensive income (loss), net of tax	(6,646)
Proceeds from sale of warrants	45,349
Ending balance at Jun. 30, 2021	$ 1,200,658		1,775,315	(145,172)	(454,865)	1,175,278	25,380
Ending balance (in shares) at Jun. 30, 2021	45,150	45,150
Beginning balance (in shares) at Mar. 31, 2021		45,122
Beginning balance at Mar. 31, 2021	$ 1,221,168		1,768,517	(150,309)	(421,742)	1,196,466	24,702
Net loss	(32,445)				(33,123)	(33,123)	678
Other comprehensive income (loss), net of tax	5,137			5,137		5,137
Net stock issuance and repurchases (in shares)		28
Net stock issued and repurchased	458		458			458
Stock-based compensation expense	6,316		6,316			6,316
Registration fee	24		24			24
Ending balance at Jun. 30, 2021	$ 1,200,658		$ 1,775,315	$ (145,172)	$ (454,865)	$ 1,175,278	$ 25,380
Ending balance (in shares) at Jun. 30, 2021	45,150	45,150

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Operating activities
Net loss	$ (18,865)	$ (53,325)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	42,919	48,230
Non-cash operating lease expense	8,647	9,909
Stock-based compensation	12,586	15,581
Amortization of prepaid debt fees	4,315	2,013
Deferred taxes, net	(2,942)	5,904
Loss on sale of business	26,103	56,915
Loss on extinguishment of debt	10,000	0
Restructuring, non-cash	878	(1,146)
Other adjustments, net	13,913	287
Changes in operating assets and liabilities, net of sale of business:
Accounts receivable	29,549	52,031
Inventories	70	(16,529)
Other current assets	22,164	(7,861)
Other long-term assets	6,207	(3,919)
Accounts payable, other current liabilities, and taxes payable	(43,115)	(76,144)
Wages and benefits payable	17,815	(11,145)
Unearned revenue	17,106	23,099
Warranty	(4,744)	(8,417)
Other operating, net	(19,926)	(9,697)
Net cash provided by operating activities	122,680	25,786
Investing activities
Payments for (Proceeds from) Businesses and Interest in Affiliates	3,142	(3,630)
Acquisitions of property, plant, and equipment	(20,476)	(29,049)
Other investing, net	2,819	3,520
Net cash used in investing activities	(14,515)	(29,159)
Financing activities
Proceeds from borrowings	460,000	400,000
Payments on debt	(915,000)	0
Issuance of common stock	3,255	4,183
Proceeds from common stock offering	389,419	0
Proceeds from sale of warrants	45,349	0
Payments for Hedge, Financing Activities	(84,139)	0
Prepaid debt fees	(12,021)	(184)
Other financing, net	4,993	(2,036)
Net cash (used in) provided by financing activities	(108,144)	401,963
Effect of foreign exchange rate changes on cash and cash equivalents	177	(3,671)
Increase in cash and cash equivalents	198	394,919
Cash and cash equivalents at beginning of period	206,933	149,904
Cash and cash equivalents at end of period	207,131	544,823
Supplemental disclosure of cash flow information:
Income taxes, net	3,033	(2,994)
Interest	$ 7,845	$ 32,149

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Financial Statement Preparation The consolidated financial statements presented in this Quarterly Report on Form 10-Q are unaudited and reflect entries necessary for the fair presentation of the Consolidated Statements of Operations and the Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended June 30, 2021 and 2020, Consolidated Statements of Equity for the three and six months ended June 30, 2021 and 2020, the Consolidated Statements of Cash Flows for the six months ended June 30, 2021 and 2020, and the Consolidated Balance Sheets as of June 30, 2021 and December 31, 2020, of Itron, Inc. and its subsidiaries. All entries required for the fair presentation of the financial statements are of a normal recurring nature, except as disclosed. The results of operations for the three and six months ended June 30, 2021 are not necessarily indicative of the results expected for the full year or for any other period. Certain information and notes normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP) have been partially or completely omitted pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC) regarding interim results. These consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto for the fiscal year ended December 31, 2020 filed with the SEC in our Annual Report on Form 10-K on February 24, 2021 (2020 Annual Report). There have been no significant changes in financial statement preparation or significant accounting policies since December 31, 2020. Risks and Uncertainties The COVID-19 pandemic has had global economic impacts including disrupting customer demand and global supply chains, resulting in market volatility. The extent of the recent pandemic and its ongoing impact on our operations is volatile, but is being monitored closely by our management. During portions of the first half of 2020 certain of our European factories were closed due to government actions and local conditions, and any further closures that may be imposed on us could impact our results for 2021. New variants of the virus may cause previously lifted restrictions to be reinstated, which could result in more disruptions. Incremental costs we have incurred related to COVID-19, such as personal protective equipment, increased cleaning and sanitizing of our facilities, and other such items, have not been material to date. As economies have reopened, global supply chains have struggled to keep pace with rapidly changing demand. The resulting supply constraints could appear across a variety of areas including mechanical, electrical and logistics portions of the supply chain, which could impact our ability to ship products in a timely manner. At this time, we have not identified any significant decrease in long-term customer demand for our products and services. Certain of our customers' projects and deployments have continued to shift later into 2021 and beyond. Recently Adopted Accounting Standards In December 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes , which modifies certain provisions of Accounting Standards Codification (ASC) 740, to reduce the complexity of accounting for income taxes. ASU 2019-12 was effective for us beginning with our interim financial reports in 2021. The adoption of this standard had no impact to our year-to-date consolidated financial position, results of operations, or cash flows and is not expected to have a material impact on full year 2021 financial results. In August 2020, the FASB issued ASU 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity's Own Equity (Subtopic 815-40) - Accounting for Convertible Instruments and Contracts in an Entity's Own Equity (ASU 2020-06) . This amendment simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. We chose to early adopt ASU 2020-06 beginning January 1, 2021, due to the issuance of our convertible debt on March 9, 2021. This amendment had no retrospective changes but impacts how our newly issued convertible debt is both recognized and disclosed. ASU 2020-06 also amends the diluted earnings per share calculation for convertible instruments by requiring the use of the if-converted method. The treasury stock method is no longer available. Recent Accounting Standards Not Yet Adopted In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform. ASU 2020-04 applies to contracts that reference LIBOR or another reference rate expected to be terminated because of reference rate reform. An entity may elect certain optional expedients for hedging relationships that exist as of December 31, 2022 and maintain those optional expedients through the end of the hedging relationship. ASU 2020-04 could be adopted as of March 12, 2020 or thereafter. In January 2021, the FASB issued ASU 2021-01, which further updates the scope of Topic 848. We do not currently have any contracts that have been changed to a new reference rate, but we will continue to evaluate our contracts and the effects of this standard on our consolidated financial position, results of operations, and cash flows prior to adoption.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share (EPS): Three Months Ended June 30, Six Months Ended June 30, In thousands, except per share data 2021 2020 2021 2020 Net loss available to common shareholders $ (33,123) $ (62,802) $ (20,520) $ (54,118) Weighted average common shares outstanding - Basic 45,142 40,216 43,344 40,130 Dilutive effect of stock-based awards — — — — Dilutive effect of convertible notes — — — — Weighted average common shares outstanding - Diluted 45,142 40,216 43,344 40,130 Net loss per common share - Basic $ (0.73) $ (1.56) $ (0.47) $ (1.35) Net loss per common share - Diluted $ (0.73) $ (1.56) $ (0.47) $ (1.35) Stock-based Awards For stock-based awards, the dilutive effect is calculated using the treasury stock method. Under this method, the dilutive effect is computed as if the awards were exercised at the beginning of the period (or at time of issuance, if later) and assumes the related proceeds were used to repurchase our common stock at the average market price during the period. Related proceeds include the amount the employee must pay upon exercise and the future compensation cost associated with the stock award. Approximately 0.4 million and 0.5 million stock-based awards were excluded from the calculation of diluted EPS for the three and six months ended June 30, 2021 because they were anti-dilutive. Approximately 0.9 million and 0.8 million stock-based awards were excluded from the calculation of diluted EPS for the three and six months ended June 30, 2020 because they were anti-dilutive. These stock-based awards could be dilutive in future periods. Convertible Notes and Warrants For our Convertible Notes issued in March 2021, the dilutive effect is calculated using the if-converted method. We are required, pursuant to the indenture governing our Convertible Notes, to settle the principal amount of the Convertible Notes in cash and may elect to settle the remaining conversion obligation (stock price in excess of conversion price) in cash, shares, or a combination thereof. Under the if-converted method, we include the number of shares required to satisfy the remaining conversion obligation, assuming all the Convertible Notes are converted. The average closing price of our common stock for the quarter ended March 31, 2021 is used as the basis for determining the dilutive effect on EPS. The average price of our common stock for the quarter ended March 31, 2021 was less than the conversion price of $126.00, and all associated shares were anti-dilutive. In conjunction with the issuance of the Convertible Notes, we sold warrants to purchase 3.7 million shares of Itron common stock. The warrants have a strike price of $180.00 per share. For calculating the dilutive effect of the warrants, we use the treasury stock method. With this method, we assume exercise of the warrants at the beginning of the period, or at time of issuance if later, and the issuance of common stock upon exercise. Proceeds from the exercise of the warrants are assumed to be used to repurchase shares of our stock at the average market price during the period. The incremental shares, representing the number of shares assumed to be exercised with the warrants less the number of shares repurchased, are included in diluted weighted average common shares outstanding. For periods where the warrants strike price of $180.00 per share is greater than the average share price of Itron stock for the period, the warrants would be anti-dilutive. For the three and six months ended June 30, 2021, the average share price was below the warrant strike price and therefore 3.7 million shares were considered anti-dilutive. Convertible Note Hedge Transactions In connection with the issuance of the Convertible Notes, we entered into privately negotiated call option contracts on our common stock (the Convertible Note Hedge Transactions) with certain commercial banks (the Counterparties). We paid an aggregate amount of $84.1 million for the Convertible Note Hedge Transactions. The Convertible Note Hedge Transactions cover, subject to anti-dilution adjustments substantially similar to those in the Convertible Notes, approximately 3.7 million shares of our common stock, the same number of shares initially underlying the Convertible Notes, at a strike price of approximately $126.00, subject to customary adjustments. The Convertible Note Hedge Transactions will expire upon the maturity of the Convertible Notes, subject to earlier exercise or termination. Exercise of the Convertible Note Hedge Transactions would reduce the number of shares of our common stock outstanding and therefore would be anti-dilutive.

Certain Balance Sheet Component

Certain Balance Sheet Components	6 Months Ended
	Jun. 30, 2021
Balance Sheet Related Disclosures [Abstract]
Certain Balance Sheet Components	Certain Balance Sheet Components A summary of accounts receivable from contracts with customers is as follows: Accounts receivable, net In thousands June 30, 2021 December 31, 2020 Trade receivables (net of allowance of $1,107 and $1,312) $ 286,539 $ 318,269 Unbilled receivables 49,532 51,559 Total accounts receivable, net $ 336,071 $ 369,828 Allowance for credit losses account activity Three Months Ended June 30, Six Months Ended June 30, In thousands 2021 2020 2021 2020 Beginning balance $ 1,136 $ 3,046 $ 1,312 $ 3,064 Provision for (release of) doubtful accounts, net 25 (171) (42) 339 Accounts written-off (63) (796) (142) (1,211) Effect of change in exchange rates 9 23 (21) (90) Ending balance $ 1,107 $ 2,102 $ 1,107 $ 2,102 Inventories In thousands June 30, 2021 December 31, 2020 Raw materials $ 117,794 $ 114,058 Work in process 9,385 8,094 Finished goods 52,168 60,225 Total inventories $ 179,347 $ 182,377 Property, plant, and equipment, net In thousands June 30, 2021 December 31, 2020 Machinery and equipment $ 335,805 $ 334,050 Computers and software 117,060 115,776 Buildings, furniture, and improvements 147,764 155,676 Land 12,121 14,303 Construction in progress, including purchased equipment 36,555 31,425 Total cost 649,305 651,230 Accumulated depreciation (453,096) (443,414) Property, plant, and equipment, net $ 196,209 $ 207,816 Depreciation expense Three Months Ended June 30, Six Months Ended June 30, In thousands 2021 2020 2021 2020 Depreciation expense $ 12,112 $ 13,059 $ 24,949 $ 25,925

Intangible Assets and Liabiliti

Intangible Assets and Liabilities	6 Months Ended
	Jun. 30, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets and Liabilities	Intangible Assets and Liabilities The gross carrying amount and accumulated amortization (accretion) of our intangible assets and liabilities, other than goodwill, were as follows: June 30, 2021 December 31, 2020 In thousands Gross Accumulated Net Gross Accumulated Net Intangible Assets Core-developed technology $ 518,587 $ (498,890) $ 19,697 $ 525,051 $ (498,113) $ 26,938 Customer contracts and relationships 381,112 (290,144) 90,968 383,245 (280,497) 102,748 Trademarks and trade names 79,232 (76,620) 2,612 79,716 (76,912) 2,804 Other 12,024 (11,629) 395 12,025 (11,560) 465 Total intangible assets $ 990,955 $ (877,283) $ 113,672 $ 1,000,037 $ (867,082) $ 132,955 Intangible Liabilities Customer contracts and relationships $ (23,900) $ 22,460 $ (1,440) $ (23,900) $ 21,479 $ (2,421) A summary of intangible assets and liabilities activity is as follows: Six Months Ended June 30, In thousands 2021 2020 Intangible assets, gross beginning balance $ 1,000,037 $ 979,814 Intangibles disposed in sale of business — (18,140) Effect of change in exchange rates (9,082) (9,449) Intangible assets, gross ending balance $ 990,955 $ 952,225 Intangible liabilities, gross beginning balance $ (23,900) $ (23,900) Effect of change in exchange rates — — Intangible liabilities, gross ending balance $ (23,900) $ (23,900) Assumed intangible liabilities reflect the present value of the projected cash outflows for an existing contract where remaining costs are expected to exceed projected revenues. The disposal of intangible assets was related to the sale of our Latin America business in June 2020. The net book value of these assets was $0.8 million at the disposal date. Refer to Note 17: Sale of Business for additional information on the transaction. Estimated future annual amortization (accretion) is as follows: Year Ending December 31, Amortization Accretion Estimated Annual Amortization, net In thousands 2021 (amount remaining at June 30, 2021) $ 18,976 $ (981) $ 17,995 2022 27,520 (459) 27,061 2023 19,908 — 19,908 2024 15,708 — 15,708 2025 14,713 — 14,713 Thereafter 16,847 — 16,847 Total intangible assets subject to amortization (accretion) $ 113,672 $ (1,440) $ 112,232

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2021
Goodwill Excluding Non Goodwill Intangibles [Abstract]
Goodwill	Goodwill The following table reflects changes in the carrying amount of goodwill for the six months ended June 30, 2021: In thousands Device Solutions Networked Solutions Outcomes Total Company Goodwill balance at January 1, 2021 $ 53,214 $ 933,814 $ 144,888 $ 1,131,916 Effect of change in exchange rates (353) (7,277) (1,131) (8,761) Goodwill balance at June 30, 2021 $ 52,861 $ 926,537 $ 143,757 $ 1,123,155

Debt

Debt	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Debt	Debt The components of our borrowings were as follows: In thousands June 30, 2021 December 31, 2020 Credit facility USD denominated term loan $ 31,094 $ 536,094 Multicurrency revolving line of credit — — Senior notes — 400,000 Convertible notes 460,000 — Total debt 491,094 936,094 Less: current portion of debt — 18,359 Less: unamortized prepaid debt fees - term loan 1,080 3,469 Less: unamortized prepaid debt fees - senior notes — 11,689 Less: unamortized prepaid debt fees - convertible notes 10,980 — Long-term debt, net $ 479,034 $ 902,577 Credit Facility On October 18, 2019, we amended our credit facility that was initially entered on January 5, 2018 (as amended the 2018 credit facility). The 2018 credit facility provides for committed credit facilities in the amount of $1.2 billion U.S. dollars. The 2018 credit facility consists of a $650 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 $300 million standby letter of credit sub-facility and a $50 million swingline sub-facility. The October 18, 2019 amendment extended the maturity date to October 18, 2024 and re-amortized the term loan based on the new balance as of the amendment date. The amendment also modified the required interest payments and made it based on total net leverage instead of total leverage. Through the third quarter of 2020, amounts not borrowed under the revolver were subject to a commitment fee, which was paid in arrears on the last day of each fiscal quarter, ranging from 0.15% to 0.25% and drawn amounts were subject to a margin ranging from 1.00% to 1.75%. On October 19, 2020, we completed a second amendment to our 2018 credit facility. This amendment adjusts the maximum total net leverage ratio thresholds for the period beginning with the fourth quarter of 2020 through the fourth quarter of 2021 to allow for increased operational flexibility. The maximum leverage ratio is increased to 4.75:1 for the fourth quarter of 2020 and the first quarter of 2021 and 4.50:1 for the second quarter through the fourth quarter of 2021. An additional level of pricing was added to the existing pricing grid and is effective throughout the remaining term of the 2018 credit facility. Beginning with the fourth quarter of 2020, the commitment fee ranges from 0.15% to 0.30% and drawn amounts are subject to a margin ranging from 1.00% to 2.00%. Debt fees of approximately $1.4 million were incurred for the amendment, as well as other legal and advisory fees. Both the term loan and the revolver can be repaid without penalty. Amounts repaid on the term loan may not be reborrowed, and amounts borrowed under the revolver may be repaid and reborrowed until the revolver's maturity, at which time all outstanding loans together with all accrued and unpaid interest must be repaid. On March 8, 2021, we entered into a third amendment to our 2018 credit facility, which modified provisions to permit cash settlement upon the conversion of the Convertible Notes, the Convertible Senior Note Hedge Transactions and Warrant Transactions and also to adjust certain settlement provisions for convertible indebtedness. See Note 7: Derivative Financial Instruments for further details of the Convertible Note Hedge Transactions and Warrant Transactions. The 2018 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 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. The 2018 credit facility includes debt covenants, which contain certain financial thresholds and place certain restrictions on the incurrence of debt, investments, and the issuance of dividends. We were in compliance with the debt covenants under the 2018 credit facility at June 30, 2021. Under the 2018 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 net 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 (subject to a 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 0.50%, or (iii) one-month LIBOR plus 1.00%. At June 30, 2021, the interest rate for both the term loan and the revolver was 1.11%, which includes the LIBOR rate plus a margin of 1.00%. In March 2020, we drew $400 million in U.S. dollars under the revolving line of credit within the 2018 credit facility to increase our cash position and preserve future financial flexibility, which was fully repaid as of December 31, 2020. At June 30, 2021, there was no amount outstanding under the revolver, and $65.5 million was utilized by outstanding standby letters of credit, resulting in $434.5 million available for additional borrowings or standby letters of credit. At June 30, 2021, $234.5 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. Senior Notes In December 2017 and January 2018, we issued $300 million and $100 million of aggregate principal amount of 5.00% senior notes maturing January 15, 2026 (Senior Notes). The proceeds were used to refinance existing indebtedness related to the acquisition of Silver Spring Networks, Inc., pay related fees and expenses, and for general corporate purposes. Interest on the Senior Notes was payable semi-annually in arrears on January 15 and July 15. The Senior Notes were fully and unconditionally guaranteed, jointly and severally, on a senior unsecured basis by each of our subsidiaries that guarantee the senior credit facilities. On March 9, 2021, we submitted a Notice of Redemption to the trustee to redeem all outstanding Senior Notes at a redemption price of 102.50%, in accordance with the indenture governing the Senior Notes, totaling $410.0 million. As of April 8, 2021 the Senior Notes were fully discharged, and no principal or unpaid interest remains outstanding. The 2.5%, or $10.0 million, early redemption premium and write off of $11.1 million prepaid debt fees were recognized upon redemption in the second quarter of 2021. Convertible Notes On March 12, 2021, we closed the sale of the Convertible Notes in a private placement to qualified institutional buyers, resulting in net proceeds to us of $448.5 million after deducting initial purchasers’ discounts of the offering. The Convertible Notes do not bear regular interest, and the principal amount does not accrete. The Convertible Notes will mature on March 15, 2026, unless earlier repurchased, redeemed, or converted in accordance with their terms. No sinking fund is provided for the Convertible Notes. The initial conversion rate of the Convertible Notes is 7.9365 shares of our common stock per $1,000 principal amount of notes, which is equivalent to an initial conversion price of approximately $126.00 per share. The conversion rate of the Convertible Notes is subject to adjustment upon the occurrence of certain specified events. In addition, upon the occurrence of a make-whole fundamental change (as defined in the indenture governing the Convertible Notes) or upon a notice of redemption, we will, in certain circumstances, increase the conversion rate for a holder that elects to convert its Convertible Notes in connection with such make-whole fundamental change or notice of redemption, as the case may be. Prior to the close of business on the business day immediately preceding December 15, 2025, the Convertible Notes are convertible at the option of the holders only under the following circumstances: (1) during any calendar quarter commencing after the calendar quarter ending on June 30, 2021 (and only during such calendar quarter), if the last reported sale price of the common stock for at least 20 trading days (whether or not consecutive) during the period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day; (2) during the five business-day period after any five consecutive trading-day period (the measurement period) in which the trading price per $1,000 principal amount of Notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of the common stock and the conversion rate on each such trading day; (3) upon the occurrence of specified corporate events; or (4) upon redemption by us. On or after December 15, 2025, until the close of business on the second scheduled trading day immediately preceding March 15, 2026, holders of the Convertible Notes may convert all or a portion of their notes at any time. Upon conversion, we will pay cash up to the aggregate principal amount of Convertible Notes to be converted and pay and/or deliver, as the case may be, cash, shares of common stock or a combination of cash and shares of common stock, at our election, in respect of the remainder, if any, of our conversion obligation in excess of the aggregate principal amount of the Convertible Notes being converted. On or after March 20, 2024 and prior to December 15, 2025, we may redeem for cash all or part of the Convertible Notes, at our option, if the last reported sales price of common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive), including the trading day immediately preceding the date on which we provide notice of redemption, during any 30 consecutive trading days ending on, and including, the trading day immediately before the date we send the related notice of the redemption. The redemption price of each Convertible Notes to be redeemed will be the principal amount of such note, plus accrued and unpaid special interest, if any. Upon the occurrence of a fundamental change (as defined in the indenture governing the Convertible Notes), subject to a limited exception described in the indenture governing the Convertible Notes, holders may require us to repurchase all or a portion of their notes for cash at a price equal to plus accrued and unpaid special interest to, but not including, the fundamental change repurchase date (as defined in the indenture governing the Convertible Notes). The Convertible Notes are senior unsecured obligations and rank equally in right of payment with all of our existing and future unsubordinated debt and senior in right of payment to any future debt that is expressly subordinated in right of payment to the Convertible Notes. The Convertible Notes will be effectively subordinated to any of our existing and future secured debt to the extent of the assets securing such indebtedness. The Convertible Notes will be structurally subordinated to all existing debt and any future debt and any other liabilities of our subsidiaries. Debt Maturities The amount of required minimum principal payments on our debt in aggregate over the next five years is as follows: Year Ending December 31, Minimum Payments In thousands 2021 (amount remaining at June 30, 2021) $ — 2022 — 2023 — 2024 31,094 2025 — Thereafter 460,000 Total minimum payments on debt $ 491,094

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments As part of our risk management strategy, we use derivative instruments to hedge certain foreign currency and interest rate exposures. Refer to Note 13: Shareholders' Equity and Note 14: Fair Value of Financial Instruments for additional disclosures on our derivative instruments. The fair values of our derivative instruments are determined using the income approach and significant other observable inputs (and are classified as "Level 2" in the fair value hierarchy). We have used observable market inputs based on the type of derivative and the nature of the underlying instrument. The key inputs include interest rate yield curves (swap rates and futures) and foreign exchange spot and forward rates, all of which are available in an active market. We have utilized the mid-market pricing convention for these inputs. We include, as a discount to the derivative asset, the effect of our counterparty credit risk based on current published credit default swap rates when the net fair value of our derivative instruments is in a net asset position. We consider our own nonperformance risk when the net fair value of our derivative instruments is in a net liability position by discounting our derivative liabilities to reflect the potential credit risk to our counterparty through applying a current market indicative credit spread to all cash flows. The fair values of our derivative instruments were as follows: Fair Value Derivatives Assets Balance Sheet Location June 30, 2021 December 31, 2020 Derivatives designated as hedging instruments under ASC 815-20 In thousands Foreign exchange options Other current assets $ 666 $ — Derivatives not designated as hedging instruments under ASC 815-20 Foreign exchange forward contracts Other current assets 25 52 Total asset derivatives $ 691 $ 52 Derivatives Liabilities Derivatives designated as hedging instruments under ASC 815-20 Interest rate swap contracts Other current liabilities $ — $ 1,025 Interest rate swap contracts Other long-term obligations — 957 Cross currency swap contract Other current liabilities — 526 Derivatives not designated as hedging instruments under ASC 815-20 Foreign exchange forward contracts Other current liabilities 106 128 Total liability derivatives $ 106 $ 2,636 The changes in accumulated other comprehensive income (loss) (AOCI), net of tax, for our derivative and nonderivative hedging instruments designated as hedging instruments, net of tax, were as follows: In thousands 2021 2020 Net unrealized loss on hedging instruments at January 1, $ (16,001) $ (15,103) Unrealized gain (loss) on derivative instruments 607 (1,914) Realized (gains) losses reclassified into net income (loss) 701 (242) Net unrealized loss on hedging instruments at June 30, $ (14,693) $ (17,259) Reclassification of amounts related to hedging instruments are included in interest expense in the Consolidated Statements of Operations. Included in the net unrealized gain (loss) on hedging instruments at June 30, 2021 and 2020 is a loss of $14.4 million, net of tax, related to our nonderivative net investment hedge, which terminated in 2011. This loss on our net investment hedge will remain in AOCI until earnings are impacted by a sale or liquidation of the associated foreign operation. A summary of the effect of netting arrangements on our financial position related to the offsetting of our recognized derivative assets and liabilities under master netting arrangements or similar agreements is as follows: Offsetting of Derivative Assets Gross Amounts of Recognized Assets Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Consolidated Balance Sheets In thousands Derivative Financial Instruments Cash Collateral Received Net Amount June 30, 2021 $ 691 $ (104) $ — $ 587 December 31, 2020 52 (52) — — Offsetting of Derivative Liabilities Gross Amounts of Recognized Liabilities Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Consolidated Balance Sheets In thousands Derivative Financial Instruments Cash Collateral Pledged Net Amount June 30, 2021 $ 106 $ (104) $ — $ 2 December 31, 2020 2,636 (52) — 2,584 Our derivative assets and liabilities subject to netting arrangements include foreign exchange forward and interest rate contracts with four counterparties at June 30, 2021 and six counterparties at December 31, 2020. No derivative asset or liability balance with any of our counterparties was individually significant at June 30, 2021 or December 31, 2020. Our derivative contracts with each of these counterparties exist under agreements that provide for the net settlement of all contracts through a single payment in a single currency in the event of default. We have no pledges of cash collateral against our obligations, and we have not received pledges of cash collateral from our counterparties under the associated derivative contracts. Cash Flow Hedges As a result of our floating rate debt under our current credit facility, we are exposed to variability in our cash flows from changes in the applicable interest rate index. We enter into interest rate caps and swaps to reduce the variability of cash flows from increases in the LIBOR-based borrowing rates on our floating rate credit facility. These instruments do not protect us from changes to the applicable margin under our credit facility. At June 30, 2021, our LIBOR-based debt balance was $31.1 million. In October 2015, we entered into one interest rate swap, which was effective from August 31, 2016 and expired on June 23, 2020, to convert $214 million of our LIBOR-based debt from a floating LIBOR interest rate to a fixed interest rate of 1.42% (excluding the applicable margin on the debt). The notional balance amortized to maturity at the same rate as required minimum payments on the outstanding term loan. This cash flow hedge was expected to be highly effective in achieving offsetting cash flows attributable to the hedged risk through the term of the hedge. Consequently, effective changes in the fair value of the interest rate swap were recognized as a component of other comprehensive income (loss) (OCI) and recognized in earnings when the hedged item affected earnings. The amounts paid or received on the hedge were recognized as adjustment to interest expense. In March 2020, we entered into one interest rate swap, which was effective from June 30, 2020 to June 30, 2023, and converted $240 million of our LIBOR-based debt from a floating LIBOR interest rate to a fixed interest rate of 0.617% (excluding the applicable margin). The notional balance amortized to maturity at the same rate of originally required amortizations on our outstanding term loan. Changes in the fair value of the interest rate swap were recognized as a component of OCI and recognized in earnings when the hedged item affected earnings. The amounts paid or received on the hedge was recognized as an adjustment to interest expense along with the earnings effect of the hedged item. On March 17, 2021 following the paydown of the term loan within the 2018 credit facility, we terminated the interest rate swap, and paid a fee of $1.7 million to settle it, since the likelihood of LIBOR-based interest payments was no longer probable of occurring. In April 2018, we entered into one cross-currency swap, which converted $56.0 million of floating LIBOR-based U.S. dollar- denominated debt into 1.38% fixed rate euro-denominated debt. This cross-currency swap matured on April 30, 2021 and mitigated the risk associated with fluctuations in currency rates impacting cash flows related to U.S. dollar-denominated debt in a euro functional currency entity. Changes in the fair value of the cross-currency swap were recognized as a component of OCI and were recognized in earnings when the hedged item affected earnings. The amounts paid or received on the hedge were recognized as an adjustment to interest expense along with the earnings effect of the hedged item. As a result of our forecasted inventory purchases in a non-functional currency, we are exposed to foreign exchange risk. We hedge portions of these purchases. During February 2021, we entered into foreign exchange option contracts for a total notional amount of $77 million at a cost of $1.1 million. The contracts mature ratably through the year with final maturity in October 2021. Changes in the fair values of the option contracts are recognized as a component of OCI and are recognized in product cost of revenues when the hedged item affects earnings. The before-tax effects of our accounting for derivative instruments designated as hedges on AOCI were as follows: Derivatives in ASC 815-20 Amount of Gain (Loss) Gain (Loss) Reclassified from Location Amount In thousands 2021 2020 2021 2020 Three Months Ended June 30, Interest rate swap contracts $ — $ (937) Interest expense $ — $ (296) Interest rate cap contracts — 389 Interest expense — 194 Foreign exchange options (1,058) (880) Product cost of revenues (8) (161) Cross currency swap contract (1,744) (898) Interest expense 24 145 Cross currency swap contract — — Other income/(expense), net (1,598) (714) Six Months Ended June 30, Interest rate swap contract $ 73 $ (2,516) Interest expense $ (229) $ (193) Interest rate swap contract — — Other income/(expense), net (1,681) — Interest rate cap contracts — 782 Interest expense — 392 Foreign exchange options (111) (969) Product cost of revenues (8) (161) Cross currency swap contract 669 357 Interest expense 94 450 Cross currency swap contract — — Other income/(expense), net 656 (197) Derivatives Not Designated as Hedging Relationships We are also exposed to foreign exchange risk when we enter into non-functional currency transactions, both intercompany and third party. At each period-end, non-functional currency monetary assets and liabilities are revalued with the change recognized within other income (expense) in our Consolidated Statements of Operations. We enter into monthly foreign exchange forward contracts, which are not designated for hedge accounting, with the intent to reduce earnings volatility associated with currency exposures. As of June 30, 2021, a total of 37 contracts were offsetting our exposures from the euro, pound sterling, Indonesian rupiah, Canadian dollar, Australian dollar and various other currencies, with notional amounts ranging from $98,000 to $46.1 million. The effect of our derivative instruments not designated as hedges on the Consolidated Statements of Operations was as follows: Derivatives Not Designated as Hedging Instrument under ASC 815-20 Location Gain (Loss) Recognized on Derivatives in Other Income (Expense) In thousands 2021 2020 Three Months Ended June 30, Foreign exchange forward contracts Other income (expense), net $ (494) $ (904) Interest rate cap contracts Interest expense — — Six Months Ended June 30, Foreign exchange forward contracts Other income (expense), net $ (463) $ 589 Interest rate cap contracts Interest expense — — We will continue to monitor and assess our interest rate and foreign exchange risk and may institute additional derivative instruments to manage such risk in the future. Convertible Note Hedge Transactions We paid an aggregate amount of $84.1 million for the Convertible Note Hedge Transactions. The Convertible Note Hedge Transactions cover, subject to anti-dilution adjustments substantially similar to those in the Convertible Notes, approximately 3.7 million shares of our common stock, the same number of shares initially underlying the Convertible Notes, at a strike price of approximately $126.00, subject to customary adjustments. The Convertible Note Hedge Transactions will expire upon the maturity of the Convertible Notes, subject to earlier exercise or termination. The Convertible Note Hedge Transactions are expected generally to reduce the potential dilutive effect of the conversion of the Convertible Notes and/or offset any cash payments we are required to make in excess of the principal amount of the converted notes, as the case may be, in the event that the market price per share of our common stock, as measured under the terms of the Convertible Note Hedge Transactions, is greater than the strike price of those Convertible Note Hedge Transactions. The Convertible Note Hedge Transactions meet the criteria in ASC 815-40 to be classified within Stockholders' Equity, and therefore the transactions are not revalued after their issuance. We made a tax election to integrate the convertible notes and the call options. We are retaining the identification statements in our books and records, together with a schedule providing the accruals on the synthetic debt instruments. The accounting impact of this tax election makes the call options deductible as original issue discount for tax purposes over the term of the note, and results in a $20.6 million deferred tax asset recognized through equity. Warrant Transactions In addition, concurrently with entering into the Convertible Note Hedge Transactions, we separately entered into privately-negotiated Warrant Transactions (the Warrant Transactions), whereby we sold to the Counterparties warrants to acquire, collectively, subject to anti-dilution adjustments, 3.7 million shares of our common stock at an initial strike price of $180.00 per share, which represents a premium of 100% over the public offering price in the common stock issuance. We received aggregate proceeds of $45.3 million from the Warrant Transactions with the Counterparties, with such proceeds partially offsetting the costs of entering into the Convertible Note Hedge Transactions. The warrants expire in June 2026. If the market value per share of our common stock, as measured under the Warrants Transactions, exceeds the strike price of the warrants, the warrants will have a dilutive effect on our earnings per share, unless we elect, subject to certain conditions, to settle the warrants in cash. The warrants meet the criteria in ASC 815-40 to be classified within Stockholders' Equity, and therefore the warrants are not revalued after issuance.

Defined Benefit Pension Plans

Defined Benefit Pension Plans	6 Months Ended
	Jun. 30, 2021
Retirement Benefits [Abstract]
Defined Benefit Pension Plans	Defined Benefit Pension Plans We sponsor both funded and unfunded defined benefit pension plans offering death and disability, retirement, and special termination benefits for certain of our international employees, primarily in Germany, France, Indonesia, India, and Italy. The defined benefit obligation is calculated annually by using the projected unit credit method. The measurement date for the pension plans was December 31, 2020. Amounts recognized on the Consolidated Balance Sheets consist of: In thousands June 30, 2021 December 31, 2020 Liabilities Current portion of pension benefit obligation in wages and benefits payable $ 3,569 $ 3,069 Long-term portion of pension benefit obligation 116,666 119,457 Pension benefit obligation, net $ 120,235 $ 122,526 Our asset investment strategy focuses on maintaining a portfolio using primarily insurance funds, which are accounted for as investments and measured at fair value, in order to achieve our long-term investment objectives on a risk-adjusted basis. Our general funding policy for these qualified pension plans is to contribute amounts sufficient to satisfy regulatory funding standards of the respective countries for each plan. Net periodic pension benefit cost for our plans include the following components: Three Months Ended June 30, Six Months Ended June 30, In thousands 2021 2020 2021 2020 Service cost $ 1,102 $ 1,017 $ 2,251 $ 1,993 Interest cost 349 457 701 930 Expected return on plan assets (88) (134) (177) (280) Amortization of prior service costs 17 16 34 32 Amortization of actuarial net loss 694 453 1,389 908 Net periodic benefit cost $ 2,074 $ 1,809 $ 4,198 $ 3,583 The components of net periodic benefit cost, other than the service cost component, are included in total other income (expense) on the Consolidated Statements of Operations.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation We grant stock-based compensation awards, including stock options, restricted stock units, phantom stock, and unrestricted stock units, under the Second Amended and Restated 2010 Stock Incentive Plan (Stock Incentive Plan). In the Stock Incentive Plan, we have 12,623,538 shares of common stock reserved and authorized for issuance subject to stock splits, dividends, and other similar events, and, at June 30, 2021, 5,345,201 shares were available for grant. We issue new shares of common stock upon the exercise of stock options or when vesting conditions on restricted stock units are fully satisfied. These shares are subject to a fungible share provision such that the authorized share available for grant is reduced by (i) one share for every one share subject to a stock option or share appreciation right granted under the Plan and (ii) 1.7 shares for every one share of common stock that was subject to an award other than an option or share appreciation right. We also periodically award phantom stock units, which are settled in cash upon vesting and accounted for as liability-based awards, with no impact to the shares available for grant. In addition, we maintain the Employee Stock Purchase Plan (ESPP), for which 160,181 shares of common stock were available for future issuance at June 30, 2021. ESPP activity and stock-based grants other than stock options and restricted stock units were not significant for the three and six months ended June 30, 2021 and 2020. Stock-Based Compensation Expense Total stock-based compensation expense and the related tax benefit were as follows: Three Months Ended June 30, Six Months Ended June 30, In thousands 2021 2020 2021 2020 Stock options $ 371 $ 526 $ 711 $ 993 Restricted stock units 5,511 6,367 11,442 14,176 Unrestricted stock awards 206 206 433 412 Phantom stock units 1,225 1,060 2,342 1,493 Total stock-based compensation $ 7,313 $ 8,159 $ 14,928 $ 17,074 Related tax benefit $ 1,318 $ 1,420 $ 2,681 $ 3,187 Stock Options A summary of our stock option activity is as follows: Shares Weighted Weighted Average Aggregate Weighted (in thousands) (years) (in thousands) Outstanding, January 1, 2020 458 $ 56.38 7.0 $ 12,641 Granted 73 87.27 $ 26.72 Exercised (47) 51.52 1,131 Outstanding, June 30, 2020 484 $ 61.48 7.3 $ 4,871 Outstanding, January 1, 2021 433 $ 61.95 6.9 $ 14,697 Granted — $ — Exercised (31) 66.97 1,121 Forfeited (6) 83.33 Outstanding, June 30, 2021 396 $ 61.25 6.4 $ 15,349 Exercisable, June 30, 2021 288 $ 54.75 5.6 $ 13,048 At June 30, 2021, total unrecognized stock-based compensation expense related to nonvested stock options was $1.7 million, which is expected to be recognized over a weighted average period of approximately 1.5 years. The weighted average assumptions used to estimate the fair value of stock options granted and the resulting weighted average fair value are as follows: Six Months Ended June 30, 2021 2020 Expected volatility — % 31.0 % Risk-free interest rate — % 1.4 % Expected term (years) N/A 5.3 There were no employee stock options granted for the three and six months ended June 30, 2021, and the three months ended June 30, 2020. Restricted Stock Units The following table summarizes restricted stock unit activity: In thousands, except fair value Number of Weighted Aggregate Outstanding, January 1, 2020 684 Granted 189 $ 85.97 Released (1) (230) $ 2,506 Forfeited (13) Outstanding, June 30, 2020 630 Outstanding, January 1, 2021 544 $ 71.79 Granted 203 98.94 Released (1) (194) 73.35 $ 19,474 Forfeited (33) 73.65 Outstanding, June 30, 2021 520 81.98 Vested but not released, June 30, 2021 10 $ 989 (1) Shares released is presented as gross shares and does not reflect shares withheld by us for employee payroll tax obligations. At June 30, 2021, total unrecognized compensation expense on restricted stock units was $36.4 million, which is expected to be recognized over a weighted average period of approximately 1.9 years. 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: Six Months Ended June 30, 2021 2020 Expected volatility 50.5 % 37.6 % Risk-free interest rate 0.2 % 1.5 % Expected term (years) 2.9 1.8 Weighted average fair value $ 113.75 $ 94.28 There were no performance-based restricted stock units granted for the three months ended June 30, 2021 and 2020.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We determine the interim tax benefit (provision) by applying an estimate of the annual effective tax rate to the year-to-date pretax book income (loss) and adjusting for discrete items during the reporting period, if any. Tax jurisdictions with losses for which tax benefits cannot be realized are excluded. Our tax rate for the three and six months ended June 30, 2021 of 1% and (31)%, respectively, differed from the federal statutory rate of 21% primarily due to reserves recognized on deferred purchase price receivables in the second quarter related to the 2020 divestiture of the majority of our Latin American business activities. This item was recognized for tax as a discrete and resulted in no tax benefit. Other rate drivers include losses in jurisdictions for which no benefit is recognized because of valuation allowances on deferred tax assets, the forecasted mix of earnings in domestic and international jurisdictions, a benefit related to stock-based compensation, and uncertain tax positions. Our tax rate for the three and six months ended June 30, 2020 of (8)% and (30)%, respectively, differed from the federal statutory rate of 21% primarily due to a significant loss recognized in the second quarter for the divestiture of the majority of our Latin American business activities. This loss was recognized for tax as a discrete item and resulted in no tax benefit. Other rate drivers included losses in jurisdictions for which no benefit is recognized because of valuation allowances on deferred tax assets as well as the forecasted mix of earnings in domestic and international jurisdictions, a benefit related to stock-based compensation, and uncertain tax positions. We classify interest expense and penalties related to unrecognized tax liabilities and interest income on tax overpayments as components of income tax expense. The net interest and penalties expense amounts recognized were as follows: Three Months Ended June 30, Six Months Ended June 30, In thousands 2021 2020 2021 2020 Net interest and penalties expense $ 188 $ 312 $ (42) $ 620 Accrued interest and penalties recognized were as follows: In thousands June 30, 2021 December 31, 2020 Accrued interest $ 3,541 $ 3,432 Accrued penalties 1,408 1,645 Unrecognized tax benefits related to uncertain tax positions and the amount of unrecognized tax benefits that, if recognized, would affect our effective tax rate were as follows: In thousands June 30, 2021 December 31, 2020 Unrecognized tax benefits related to uncertain tax positions $ 135,400 $ 135,910 The amount of unrecognized tax benefits that, if recognized, would affect our effective tax rate 134,257 134,473 At June 30, 2021, we are under examination by certain tax authorities. We believe we have appropriately accrued for the expected outcome of all tax matters and do not currently anticipate that the ultimate resolution of these examinations will have a material adverse effect on our financial condition, future results of operations, or cash flows. Based upon the timing and outcome of examinations, litigation, the impact of legislative, regulatory, and judicial developments, and the impact of these items on the statute of limitations, it is reasonably possible that the related unrecognized tax benefits could change from those recognized within the next twelve months. However, at this time, an estimate of the range of reasonably possible adjustments to the balance of unrecognized tax benefits cannot be made. We file income tax returns in various jurisdictions. The material jurisdictions where we are subject to examination include, among others, the United States, France, Germany, Italy, Indonesia, and the United Kingdom. On March 27, 2020, the U.S. Federal government passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide economic relief from COVID-19. The CARES Act contains significant business tax provisions, which the Company has evaluated and determined will not have a material impact on the Company's financial statements or related disclosures.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Guarantees and Indemnifications We are often required to obtain standby letters of credit (LOCs) or bonds in support of our obligations for customer contracts. These standby LOCs or bonds typically provide a guarantee to the customer for our future performance, which usually covers the installation phase of a contract and may, on occasion, cover the operations and maintenance phase of outsourcing contracts. Our available lines of credit, outstanding standby LOCs, and bonds were as follows: In thousands June 30, 2021 December 31, 2020 Credit facility Multicurrency revolving line of credit $ 500,000 $ 500,000 Standby LOCs issued and outstanding (65,471) (64,948) Net available for additional borrowings under the multicurrency revolving line of credit $ 434,529 $ 435,052 Net available for additional standby LOCs under sub-facility $ 234,529 $ 235,052 Unsecured multicurrency revolving lines of credit with various financial institutions Multicurrency revolving lines of credit $ 97,013 $ 99,201 Standby LOCs issued and outstanding (24,660) (24,966) Short-term borrowings (7,354) — Net available for additional borrowings and LOCs $ 64,999 $ 74,235 Unsecured surety bonds in force $ 146,525 $ 162,912 In the event any such standby LOC or bond is called, we would be obligated to reimburse the issuer of the standby LOC or bond; however, as of August 5, 2021, we do not believe that any outstanding LOC or bond will be called. We generally provide an indemnification related to the infringement of any patent, copyright, trademark, or other intellectual property right on software or equipment within our sales contracts, which indemnifies the customer from and pays the resulting costs, damages, and attorney's fees awarded against a customer with respect to such a claim provided that (a) the customer promptly notifies us in writing of the claim and (b) we have the sole control of the defense and all related settlement negotiations. We may also provide an indemnification to our customers for third-party claims resulting from damages caused by the negligence or willful misconduct of our employees/agents in connection with the performance of certain contracts. The terms of our indemnifications generally do not limit the maximum potential payments. It is not possible to predict the maximum potential amount of future payments under these or similar agreements. Legal Matters We are subject to various legal proceedings and claims of which the outcomes are subject to significant uncertainty. Our policy is to assess the likelihood of any adverse judgments or outcomes related to legal matters, as well as ranges of probable losses. A determination of the amount of the liability required, if any, for these contingencies is made after an analysis of each known issue. A liability would be recognized and charged to operating expense when we determine that a loss is probable and the amount can be reasonably estimated. Additionally, we disclose contingencies for which a material loss is reasonably possible, but not probable. Warranty A summary of the warranty accrual account activity is as follows: Three Months Ended June 30, Six Months Ended June 30, In thousands 2021 2020 2021 2020 Beginning balance $ 39,334 $ 48,719 $ 41,390 $ 53,242 New product warranties 900 1,000 1,686 2,070 Other adjustments and expirations, net (683) 3,100 1,606 3,793 Claims activity (3,515) (8,365) (7,884) (14,305) Effect of change in exchange rates 174 303 (588) (43) Ending balance 36,210 44,757 36,210 44,757 Less: current portion of warranty 20,299 33,039 20,299 33,039 Long-term warranty $ 15,911 $ 11,718 $ 15,911 $ 11,718 Total warranty expense is classified within cost of revenues and consists of new product warranties issued, costs related to insurance and supplier recoveries, other changes and adjustments to warranties, and customer claims. Warranty expense was as follows: Three Months Ended June 30, Six Months Ended June 30, In thousands 2021 2020 2021 2020 Total warranty expense $ 217 $ 4,130 $ 3,292 $ 5,893 Warranty expense decreased during the quarter ended June 30, 2021 compared with the same period in 2020. The lower costs in 2021 are primarily the result of incremental specific reserves recognized in 2020, including $2.0 million for electric and water products in Europe, Middle East, and Africa (EMEA) Device Solutions and $0.7 million for electric products in North America (NAM) Networked Solutions.

Restructuring (Notes)

Restructuring (Notes)	6 Months Ended
	Jun. 30, 2021
Restructuring and Related Activities [Abstract]
Restructuring	2020 Projects In September 2020, our Board of Directors approved a restructuring plan (the 2020 Projects), which includes activities that continue our efforts to optimize our global supply chain and manufacturing operations, sales and marketing organizations, and other overhead. These projects are scheduled to be substantially complete by the end of 2022. The largest component of expected remaining costs to be recognized is related to a non-cash cumulative translation adjustment charge. Many of the affected employees are represented by unions or works councils, which require consultation, and potential restructuring projects may be subject to regulatory approval, both of which could impact the timing of charges, total expected charges, cost recognized, and planned savings in certain jurisdictions. The total expected restructuring costs, the restructuring costs recognized, and the remaining expected restructuring costs related to the 2020 Projects were as follows: In thousands Total Expected Costs at June 30, 2021 Costs Recognized in Prior Periods Costs Recognized During the Six Months Ended Expected Remaining Costs to be Recognized at Employee severance costs $ 31,260 $ 36,225 $ (4,965) $ — Asset impairments & net loss (gain) on sale or disposal 6,861 6,944 (83) — Other restructuring costs 17,505 63 1,568 15,874 Total $ 55,626 $ 43,232 $ (3,480) $ 15,874 2018 Projects In February 2018, our Board of Directors approved a restructuring plan (the 2018 Projects) to continue our efforts to optimize our global supply chain and manufacturing operations, research and development, and sales and marketing organizations. Actions under the 2018 Projects were substantially completed as of the end of 2020. During the second quarter of 2021, we incurred additional legal costs related to a facility closure, partially offset by reduced severance costs. The total expected restructuring costs, the restructuring costs recognized, and the remaining expected restructuring costs related to the 2018 Projects were as follows: In thousands Total Expected Costs at June 30, 2021 Costs Recognized in Prior Periods Costs Recognized During the Six Months Ended Expected Remaining Costs to be Recognized at Employee severance costs $ 60,732 $ 63,173 $ (2,441) $ — Asset impairments & net loss (gain) on sale or disposal 3,747 2,786 961 — Other restructuring costs 19,889 15,217 3,172 1,500 Total $ 84,368 $ 81,176 $ 1,692 $ 1,500 The following table summarizes the activity within the restructuring-related balance sheet accounts for the 2020 Projects and 2018 Projects during the six months ended June 30, 2021: In thousands Accrued Employee Severance Asset Impairments & Net Loss (Gain) on Sale or Disposal Other Accrued Costs Total Beginning balance, January 1, 2021 $ 70,005 $ — $ 2,621 $ 72,626 Costs charged to expense (7,406) 878 4,740 (1,788) Cash payments (11,569) — (3,088) (14,657) Cash receipts — 2,007 — 2,007 Net assets disposed and impaired — (2,885) — (2,885) Effect of change in exchange rates (1,465) — (12) (1,477) Ending balance, June 30, 2021 $ 49,565 $ — $ 4,261 $ 53,826 Asset impairments are determined at the asset group level. Revenues and net operating income from the activities we have exited or will exit under the restructuring projects are not material to our operating segments or consolidated results. Other restructuring costs include expenses for employee relocation, professional fees associated with employee severance, costs to exit the facilities once the operations in those facilities have ceased, and other costs associated with the liquidation of any affected legal entities. Costs associated with restructuring activities are generally presented in the Consolidated Statements of Operations as restructuring, except for certain costs associated with inventory write-downs, which are classified within cost of revenues, and accelerated depreciation expense, which is recognized according to the use of the asset. Restructuring expense is part of the Corporate unallocated segment and does not impact the results of our operating segments. The current portions of restructuring liabilities were $26.5 million and $31.7 million as of June 30, 2021 and December 31, 2020 and are classified within other current liabilities on the Consolidated Balance Sheets. The long-term portions of restructuring liabilities were $27.3 million and $40.9 million as of June 30, 2021 and December 31, 2020. The long-term portions of restructuring liabilities are classified within other long-term obligations on the Consolidated Balance Sheet and includes severance accruals and facility exit costs.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Preferred Stock We have authorized the issuance of 10 million shares of preferred stock with no par value. In the event of a liquidation, dissolution, or winding up of the affairs of the corporation, whether voluntary or involuntary, the holders of any outstanding preferred stock would be entitled to be paid a preferential amount per share to be determined by the Board of Directors prior to any payment to holders of common stock. There was no preferred stock issued or outstanding at June 30, 2021 or December 31, 2020. Issuance of Common Stock On March 12, 2021, we closed the sale of 4,472,222 shares of our common stock in a public offering, resulting in net proceeds to us of approximately $389.4 million, after deducting underwriters’ discounts of the offering. Convertible Note Hedge Transactions We paid an aggregate amount of $84.1 million for the Convertible Note Hedge Transactions. The Convertible Note Hedge Transactions cover, subject to anti-dilution adjustments substantially similar to those in the Convertible Notes, approximately 3.7 million shares of our common stock, the same number of shares initially underlying the Convertible Notes, at a strike price of approximately $126.00, subject to customary adjustments. The Convertible Note Hedge Transactions will expire upon the maturity of the Convertible Notes, subject to earlier exercise or termination. The Convertible Note Hedge Transactions are expected generally to reduce the potential dilutive effect of the conversion of our Convertible Notes and/or offset any cash payments we are required to make in excess of the principal amount of the converted notes, as the case may be, in the event the price per share of our common stock, as measured under the terms of the Convertible Note Hedge Transactions, is greater than the strike price of the Convertible Note Hedge Transactions. The Convertible Note Hedge Transactions meet the criteria in ASC 815-40 to be classified within Stockholders' Equity, and therefore the Convertible Note Hedge Transactions are not revalued after their issuance. We made a tax election to integrate the convertible notes and the call options. We are retaining the identification statements in our books and records, together with a schedule providing the accruals on the synthetic debt instruments. The accounting impact of this tax election makes the call options deductible as original issue discount for tax purposes over the term of the note, and results in a $20.6 million deferred tax asset recognized through equity. Warrant Transactions In addition, concurrently with entering into the Convertible Note Hedge Transactions, we separately entered into privately-negotiated Warrant Transactions, whereby we sold to the Counterparties warrants to acquire, collectively, subject to anti-dilution adjustments, 3.7 million shares of our common stock at an initial strike price of $180.00 per share, which represents a premium of 100% over the public offering price in the common stock issuance. We received aggregate proceeds of $45.3 million from the Warrant Transactions with the Counterparties, with such proceeds partially offsetting the costs of entering into the Convertible Note Hedge Transactions. The warrants expire in June 2026. If the market value per share of our common stock, as measured under the Warrant Transactions, exceeds the strike price of the warrants, the warrants will have a dilutive effect on our earnings per share, unless we elect, subject to certain conditions, to settle the warrants in cash. The warrants meet the criteria in ASC 815-40 to be classified within Stockholders' Equity, and therefore the warrants are not revalued after issuance. Accumulated Other Comprehensive Income (Loss) The changes in the components of AOCI, net of tax, were as follows: In thousands Foreign Currency Translation Adjustments Net Unrealized Gain (Loss) on Derivative Instruments Net Unrealized Gain (Loss) on Nonderivative Instruments Pension Benefit Obligation Adjustments Accumulated Other Comprehensive Income (Loss) Balances at January 1, 2020 $ (157,999) $ (723) $ (14,380) $ (31,570) $ (204,672) OCI before reclassifications (14,135) (1,914) — 83 (15,966) Amounts reclassified from AOCI 52,088 (242) — 965 52,811 Total other comprehensive income (loss) 37,953 (2,156) — 1,048 36,845 Balances at June 30, 2020 $ (120,046) $ (2,879) $ (14,380) $ (30,522) $ (167,827) Balances at January 1, 2021 $ (84,843) $ (1,621) $ (14,380) $ (37,682) $ (138,526) OCI before reclassifications (9,354) 607 — — (8,747) Amounts reclassified from AOCI — 701 — 1,400 2,101 Total other comprehensive income (loss) (9,354) 1,308 — 1,400 (6,646) Balances at June 30, 2021 $ (94,197) $ (313) $ (14,380) $ (36,282) $ (145,172) The before-tax, income tax (provision) benefit, and net-of-tax amounts related to each component of OCI were as follows: Three Months Ended June 30, Six Months Ended June 30, In thousands 2021 2020 2021 2020 Before-tax amount Foreign currency translation adjustment $ 5,811 $ 10,685 $ (9,114) $ (15,908) Foreign currency translation adjustment reclassified to net income (loss) on sale of business — 52,088 — 52,088 Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges (2,802) (2,331) 625 (2,341) Net hedging (gain) loss reclassified to net income (loss) 1,582 832 1,168 (291) Net unrealized gain (loss) on defined benefit plans — (457) — 81 Net defined benefit plan (gain) loss reclassified to net income (loss) 711 469 1,423 940 Total other comprehensive income (loss), before tax $ 5,302 $ 61,286 $ (5,898) $ 34,569 Tax (provision) benefit Foreign currency translation adjustment $ (153) $ 625 $ (240) $ 1,773 Foreign currency translation adjustment reclassified to net income (loss) on sale of business — — — — Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges — 135 (18) 427 Net hedging (gain) loss reclassified to net income (loss) — (25) (467) 49 Net unrealized gain (loss) on defined benefit plans — 6 — 2 Net defined benefit plan (gain) loss reclassified to net income (loss) (12) 29 (23) 25 Total other comprehensive income (loss) tax (provision) benefit $ (165) $ 770 $ (748) $ 2,276 Net-of-tax amount Foreign currency translation adjustment $ 5,658 $ 11,310 $ (9,354) $ (14,135) Foreign currency translation adjustment reclassified to net income (loss) on sale of business — 52,088 — 52,088 Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges (2,802) (2,196) 607 (1,914) Net hedging (gain) loss reclassified to net income (loss) 1,582 807 701 (242) Net unrealized gain (loss) on defined benefit plans — (451) — 83 Net defined benefit plan (gain) loss reclassified to net income (loss) 699 498 1,400 965 Total other comprehensive income (loss), net of tax $ 5,137 $ 62,056 $ (6,646) $ 36,845

Fair Values of Financial Instru

Fair Values of Financial Instruments	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Values of Financial Instruments	The fair values at June 30, 2021 and December 31, 2020 do not reflect subsequent changes in the economy, interest rates, tax rates, and other variables that may affect the determination of fair value. June 30, 2021 December 31, 2020 In thousands Carrying Fair Carrying Fair Credit facility USD denominated term loan $ 30,014 $ 30,195 $ 532,625 $ 520,347 Multicurrency revolving line of credit — — — — Senior notes — — 388,311 410,000 Convertible notes 449,020 476,698 — — The following methods and assumptions were used in estimating fair values: Cash and cash equivalents: Due to the liquid nature of these instruments, the carrying amount approximates fair value (Level 1). Credit Facility - term loan and multicurrency revolving line of credit: The term loan and the revolver are not traded publicly. The fair values, which are determined based upon a hypothetical market participant, are calculated using a discounted cash flow model with Level 2 inputs, including estimates of incremental borrowing rates for debt with similar terms, maturities, and credit profiles. Refer to Note 6: Debt for a further discussion of our debt. Senior Notes and Convertible Notes: The Senior Notes and Convertible Notes are not registered securities nor listed on any securities exchange but may be actively traded by qualified institutional buyers. The fair value is estimated using Level 1 inputs, as it is based on quoted prices for these instruments in active markets. Derivatives: See Note 7: Derivative Financial Instruments for a description of our methods and assumptions in determining the fair value of our derivatives, which were determined using Level 2 inputs. Each derivative asset and liability has a carrying value equal to fair value.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Segment Information	We operate under the Itron brand worldwide and manage and report under three operating segments: Device Solutions, Networked Solutions, and Outcomes. We have three GAAP measures of segment performance: revenues, gross profit (gross margin), and operating income (operating margin). Intersegment revenues are minimal. Certain operating expenses are allocated to the operating segments based upon internally established allocation methodologies. Corporate operating expenses, interest income, interest expense, other income (expense), and the income tax provision (benefit) are neither allocated to the segments, nor are they included in the measure of segment performance. In addition, we allocate only certain production assets and intangible assets to our operating segments. We do not manage the performance of the segments on a balance sheet basis. Segment Products Device Solutions – This segment primarily includes hardware products used for measurement, control, or sensing that do not have communications capability embedded for use with our broader Itron systems, i.e., hardware-based products not part of a complete "end-to-end" solution. Examples from the Device Solutions portfolio include: standard endpoints that are shipped without Itron communications, such as our standard gas, electricity, and water meters for a variety of global markets and adhering to regulations and standards within those markets, as well as our heat and allocation products; communicating meters that are not a part of an Itron end-to-end solution such as Smart Spec meters; and the implementation and installation of non-communicating devices, such as gas regulators. Networked Solutions – This segment primarily includes a combination of communicating devices (e.g., smart meters, modules, endpoints, and sensors), network infrastructure, and associated application software designed and sold as a complete solution for acquiring and transporting robust application-specific data. Networked Solutions includes products and software for the implementation, installation, and management of communicating devices and data networks. Examples from the Networked Solutions portfolio include: communicating measurement, control, or sensing endpoints such as our Itron® and OpenWay® Riva meters, Itron traditional ERT® technology, Intelis smart gas or water meters, 500G gas communication modules, 500W water communication modules; GenX networking products, network modules and interface cards; and specific network control and management software applications. The Industrial Internet of Things (IIoT) solutions supported by this segment include automated meter reading (AMR), advanced metering infrastructure (AMI), smart grid and distribution automation, smart street lighting and an ever-growing set of smart city applications such as traffic management, smart parking, air quality monitoring, electric vehicle charging, customer engagement, digital signage, acoustic (e.g., gunshot) detection, and leak detection and mitigation for both gas and water systems. Our IIoT platform allows all of these industry and smart city applications to be run and managed on a single, multi-purpose network. Outcomes – This segment primarily includes our value-added, enhanced software and services in which we manage, organize, analyze, and interpret data to improve decision making, maximize operational profitability, drive resource efficiency, and deliver results for consumers, utilities, and smart cities. Outcomes places an emphasis on delivering to Itron customers high-value, turn-key, digital experiences by leveraging the footprint of our Device Solutions and Networked Solutions segments. The revenues from these offerings are primarily recurring in nature and would include any direct management of Device Solutions, Networked Solutions, and other products on behalf of our end customers. Examples from the Outcomes portfolio include: our meter data management and analytics offerings; our managed service solutions including Network-as-a-Service (NaaS) and Platform-as-a-Service (PaaS), forecasting software and services; our Distributed Intelligence suite of applications and services; and any consulting-based engagement. Within the Outcomes segment, we also identify new business models, including performance-based contracting, to drive broader portfolio offerings across utilities and cities. Revenues, gross profit, and operating income associated with our operating segments were as follows: Three Months Ended June 30, Six Months Ended June 30, In thousands 2021 2020 2021 2020 Product revenues Device Solutions $ 160,647 $ 126,950 $ 330,978 $ 327,118 Networked Solutions 235,167 300,351 493,870 615,788 Outcomes 15,905 11,684 29,675 24,216 Total Company $ 411,719 $ 438,985 $ 854,523 $ 967,122 Service revenues Device Solutions $ 2,320 $ 2,215 $ 4,770 $ 4,326 Networked Solutions 29,891 24,129 59,502 49,537 Outcomes 45,482 44,265 90,191 87,024 Total Company $ 77,693 $ 70,609 $ 154,463 $ 140,887 Total revenues Device Solutions $ 162,967 $ 129,165 $ 335,748 $ 331,444 Networked Solutions 265,058 324,480 553,372 665,325 Outcomes 61,387 55,949 119,866 111,240 Total Company $ 489,412 $ 509,594 $ 1,008,986 $ 1,108,009 Gross profit Device Solutions $ 30,452 $ 11,948 $ 62,748 $ 44,315 Networked Solutions 95,953 108,323 208,712 230,073 Outcomes 23,470 18,246 45,459 35,695 Total Company $ 149,875 $ 138,517 $ 316,919 $ 310,083 Operating income (loss) Device Solutions $ 19,988 $ (1,120) $ 41,689 $ 17,078 Networked Solutions 64,630 77,382 143,921 166,062 Outcomes 12,537 9,226 22,873 17,424 Corporate unallocated (104,087) (130,875) (184,475) (219,581) Total Company (6,932) (45,387) 24,008 (19,017) Total other income (expense) (25,729) (12,299) (38,428) (21,957) Loss before income taxes $ (32,661) $ (57,686) $ (14,420) $ (40,974) For the three and six months ended June 30, 2021, no customer represented more than 10% of total company revenue. During the three and six months ended June 30, 2020, one customer represented 13% and 12% of total company revenues. Revenues by region were as follows: Three Months Ended June 30, Six Months Ended June 30, In thousands 2021 2020 2021 2020 United States and Canada $ 308,673 $ 369,862 $ 634,209 $ 755,187 Europe, Middle East, and Africa 150,851 107,799 311,220 274,783 Asia Pacific and Latin America (1) 29,888 31,933 63,557 78,039 Total Company $ 489,412 $ 509,594 $ 1,008,986 $ 1,108,009 (1) On June 25, 2020, we sold our Latin American operations. We continue to sell into the region through an exclusive distributor. Depreciation expense is allocated to the operating segments based upon each segment's use of the assets. All amortization expense is recognized within Corporate unallocated. Depreciation and amortization of intangible assets expense associated with our operating segments was as follows: Three Months Ended June 30, Six Months Ended June 30, In thousands 2021 2020 2021 2020 Device Solutions $ 5,609 $ 6,062 $ 11,797 $ 12,497 Networked Solutions 4,252 4,333 8,527 8,070 Outcomes 1,129 1,412 2,363 2,805 Corporate unallocated 10,119 12,392 20,232 24,858 Total Company $ 21,109 $ 24,199 $ 42,919 $ 48,230

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2021
Revenues [Abstract]
Revenue Recognition	A summary of significant net changes in the contract assets and the contract liabilities balances during the period is as follows: In thousands Contract Liabilities, Less Contract Assets Beginning balance, January 1, 2021 $ 98,388 Revenues recognized from beginning contract liability (78,600) Cumulative catch-up adjustments 10,169 Increases due to amounts collected or due 161,728 Revenues recognized from current period increases (59,962) Other (141) Ending balance, June 30, 2021 $ 131,582 On January 1, 2021, total contract assets were $49.8 million and total contract liabilities were $148.2 million. On June 30, 2021, total contract assets were $33.2 million and total contract liabilities were $164.8 million. The contract assets primarily relate to contracts that include a retention clause and allocations related to contracts with multiple performance obligations. The contract liabilities primarily relate to deferred revenue, such as extended warranty and maintenance cost. The cumulative catch-up adjustments relate to contract modifications, measure-of-progress changes, and changes in the estimate of the transaction price. Transaction price allocated to the remaining performance obligations Total transaction price allocated to remaining performance obligations represents committed but undelivered products and services for contracts and purchase orders at period end. Twelve-month remaining performance obligations represent the portion of total transaction price allocated to remaining performance obligations that we estimate will be recognized as revenue over the next 12 months. Total transaction price allocated to remaining performance obligations is not a complete measure of our future revenues as we also receive orders where the customer may have legal termination rights but are not likely to terminate. Total transaction price allocated to remaining performance obligations related to contracts is approximately $1.2 billion for the next twelve months and approximately $1.6 billion for periods longer than 12 months. The total remaining performance obligations consist of product and service components. The service component relates primarily to maintenance agreements for which customers pay a full year's maintenance in advance, and service revenues are generally recognized over the service period. Total transaction price allocated to remaining performance obligations also includes our extended warranty contracts, for which revenue is recognized over the warranty period, and hardware, which is recognized as units are delivered. The estimate of when remaining performance obligations will be recognized requires significant judgment. Cost to obtain a contract and cost to fulfill a contract with a customer Cost to obtain a contract and costs to fulfill a contract were capitalized and amortized using a systematic rational approach to align with the transfer of control of underlying contracts with customers. While amounts were capitalized, they are not material. Disaggregation of revenue Refer to Note 15: Segment Information and the Consolidated Statements of Operations for disclosure regarding the disaggregation of revenue into categories, which depict how revenue and cash flows are affected by economic factors. Specifically, our operating segments and geographical regions as disclosed, and categories for products, which include hardware and software and services, are presented.

Sale of Business

Sale of Business	6 Months Ended
	Jun. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
Sale of Business	Latin America Divestiture On June 25, 2020, we closed on the sale of five subsidiaries comprising our manufacturing and sales operations in Latin America to buyers led by Instalación Profesional y Tecnologías del Centro S.A. de C.V., a Mexican company doing business as Accell in Brazil (Accell), through the execution of various definitive stock purchase agreements. The sale of these Latin America-based operations is part of our continued strategy to improve profitability and focus on growing our Networked Solutions and Outcomes businesses in Latin America and throughout the world. We retained the intellectual property rights to our products sold in Latin America. As part of the transaction, we entered into an intellectual property license agreement whereby Accell pays a royalty on certain products manufactured by Accell using licensed Company intellectual property. In addition, Accell serves as the exclusive distributor for our Device Solutions, Networked Solutions, and Outcomes product and service offerings in Latin America. The total sales price of $35.0 million included deferred payments of $21.1 million for working capital, which was to be paid in full by December 31, 2020, as evidenced by a promissory note, and the remainder in cash ($4.5 million) and other deferred consideration.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	Financial Statement Preparation The consolidated financial statements presented in this Quarterly Report on Form 10-Q are unaudited and reflect entries necessary for the fair presentation of the Consolidated Statements of Operations and the Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended June 30, 2021 and 2020, Consolidated Statements of Equity for the three and six months ended June 30, 2021 and 2020, the Consolidated Statements of Cash Flows for the six months ended June 30, 2021 and 2020, and the Consolidated Balance Sheets as of June 30, 2021 and December 31, 2020, of Itron, Inc. and its subsidiaries. All entries required for the fair presentation of the financial statements are of a normal recurring nature, except as disclosed. The results of operations for the three and six months ended June 30, 2021 are not necessarily indicative of the results expected for the full year or for any other period. Certain information and notes normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP) have been partially or completely omitted pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC) regarding interim results. These consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto for the fiscal year ended December 31, 2020 filed with the SEC in our Annual Report on Form 10-K on February 24, 2021 (2020 Annual Report). There have been no significant changes in financial statement preparation or significant accounting policies since December 31, 2020.
New Accounting Pronouncements	Recently Adopted Accounting Standards In December 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes , which modifies certain provisions of Accounting Standards Codification (ASC) 740, to reduce the complexity of accounting for income taxes. ASU 2019-12 was effective for us beginning with our interim financial reports in 2021. The adoption of this standard had no impact to our year-to-date consolidated financial position, results of operations, or cash flows and is not expected to have a material impact on full year 2021 financial results. In August 2020, the FASB issued ASU 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity's Own Equity (Subtopic 815-40) - Accounting for Convertible Instruments and Contracts in an Entity's Own Equity (ASU 2020-06) . This amendment simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. We chose to early adopt ASU 2020-06 beginning January 1, 2021, due to the issuance of our convertible debt on March 9, 2021. This amendment had no retrospective changes but impacts how our newly issued convertible debt is both recognized and disclosed. ASU 2020-06 also amends the diluted earnings per share calculation for convertible instruments by requiring the use of the if-converted method. The treasury stock method is no longer available. Recent Accounting Standards Not Yet Adopted In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform. ASU 2020-04 applies to contracts that reference LIBOR or another reference rate expected to be terminated because of reference rate reform. An entity may elect certain optional expedients for hedging relationships that exist as of December 31, 2022 and maintain those optional expedients through the end of the hedging relationship. ASU 2020-04 could be adopted as of March 12, 2020 or thereafter. In January 2021, the FASB issued ASU 2021-01, which further updates the scope of Topic 848. We do not currently have any contracts that have been changed to a new reference rate, but we will continue to evaluate our contracts and the effects of this standard on our consolidated financial position, results of operations, and cash flows prior to adoption.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share (EPS): Three Months Ended June 30, Six Months Ended June 30, In thousands, except per share data 2021 2020 2021 2020 Net loss available to common shareholders $ (33,123) $ (62,802) $ (20,520) $ (54,118) Weighted average common shares outstanding - Basic 45,142 40,216 43,344 40,130 Dilutive effect of stock-based awards — — — — Dilutive effect of convertible notes — — — — Weighted average common shares outstanding - Diluted 45,142 40,216 43,344 40,130 Net loss per common share - Basic $ (0.73) $ (1.56) $ (0.47) $ (1.35) Net loss per common share - Diluted $ (0.73) $ (1.56) $ (0.47) $ (1.35)

Certain Balance Sheet Compone_2

Certain Balance Sheet Components (Tables)	6 Months Ended
	Jun. 30, 2021
Balance Sheet Related Disclosures [Abstract]
Accounts Receivable, Net	A summary of accounts receivable from contracts with customers is as follows: Accounts receivable, net In thousands June 30, 2021 December 31, 2020 Trade receivables (net of allowance of $1,107 and $1,312) $ 286,539 $ 318,269 Unbilled receivables 49,532 51,559 Total accounts receivable, net $ 336,071 $ 369,828
Allowance for Credit Losses on Financing Receivables	Allowance for credit losses account activity Three Months Ended June 30, Six Months Ended June 30, In thousands 2021 2020 2021 2020 Beginning balance $ 1,136 $ 3,046 $ 1,312 $ 3,064 Provision for (release of) doubtful accounts, net 25 (171) (42) 339 Accounts written-off (63) (796) (142) (1,211) Effect of change in exchange rates 9 23 (21) (90) Ending balance $ 1,107 $ 2,102 $ 1,107 $ 2,102
Inventories	Inventories In thousands June 30, 2021 December 31, 2020 Raw materials $ 117,794 $ 114,058 Work in process 9,385 8,094 Finished goods 52,168 60,225 Total inventories $ 179,347 $ 182,377
Property, Plant, and Equipment, Net	Property, plant, and equipment, net In thousands June 30, 2021 December 31, 2020 Machinery and equipment $ 335,805 $ 334,050 Computers and software 117,060 115,776 Buildings, furniture, and improvements 147,764 155,676 Land 12,121 14,303 Construction in progress, including purchased equipment 36,555 31,425 Total cost 649,305 651,230 Accumulated depreciation (453,096) (443,414) Property, plant, and equipment, net $ 196,209 $ 207,816
Depreciation Expense	Depreciation expense Three Months Ended June 30, Six Months Ended June 30, In thousands 2021 2020 2021 2020 Depreciation expense $ 12,112 $ 13,059 $ 24,949 $ 25,925

Intangible Assets and Liabili_2

Intangible Assets and Liabilities (Tables)	6 Months Ended
	Jun. 30, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule of Intangible Assets by Major Class	The gross carrying amount and accumulated amortization (accretion) of our intangible assets and liabilities, other than goodwill, were as follows: June 30, 2021 December 31, 2020 In thousands Gross Accumulated Net Gross Accumulated Net Intangible Assets Core-developed technology $ 518,587 $ (498,890) $ 19,697 $ 525,051 $ (498,113) $ 26,938 Customer contracts and relationships 381,112 (290,144) 90,968 383,245 (280,497) 102,748 Trademarks and trade names 79,232 (76,620) 2,612 79,716 (76,912) 2,804 Other 12,024 (11,629) 395 12,025 (11,560) 465 Total intangible assets $ 990,955 $ (877,283) $ 113,672 $ 1,000,037 $ (867,082) $ 132,955 Intangible Liabilities Customer contracts and relationships $ (23,900) $ 22,460 $ (1,440) $ (23,900) $ 21,479 $ (2,421)
Summary of Intangible Asset Account Activity	A summary of intangible assets and liabilities activity is as follows: Six Months Ended June 30, In thousands 2021 2020 Intangible assets, gross beginning balance $ 1,000,037 $ 979,814 Intangibles disposed in sale of business — (18,140) Effect of change in exchange rates (9,082) (9,449) Intangible assets, gross ending balance $ 990,955 $ 952,225 Intangible liabilities, gross beginning balance $ (23,900) $ (23,900) Effect of change in exchange rates — — Intangible liabilities, gross ending balance $ (23,900) $ (23,900)
Schedule of Intangible Assets, Future Amortization Expense	Estimated future annual amortization (accretion) is as follows: Year Ending December 31, Amortization Accretion Estimated Annual Amortization, net In thousands 2021 (amount remaining at June 30, 2021) $ 18,976 $ (981) $ 17,995 2022 27,520 (459) 27,061 2023 19,908 — 19,908 2024 15,708 — 15,708 2025 14,713 — 14,713 Thereafter 16,847 — 16,847 Total intangible assets subject to amortization (accretion) $ 113,672 $ (1,440) $ 112,232

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2021
Goodwill Excluding Non Goodwill Intangibles [Abstract]
Schedule of Goodwill	The following table reflects changes in the carrying amount of goodwill for the six months ended June 30, 2021: In thousands Device Solutions Networked Solutions Outcomes Total Company Goodwill balance at January 1, 2021 $ 53,214 $ 933,814 $ 144,888 $ 1,131,916 Effect of change in exchange rates (353) (7,277) (1,131) (8,761) Goodwill balance at June 30, 2021 $ 52,861 $ 926,537 $ 143,757 $ 1,123,155

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of Debt	The components of our borrowings were as follows: In thousands June 30, 2021 December 31, 2020 Credit facility USD denominated term loan $ 31,094 $ 536,094 Multicurrency revolving line of credit — — Senior notes — 400,000 Convertible notes 460,000 — Total debt 491,094 936,094 Less: current portion of debt — 18,359 Less: unamortized prepaid debt fees - term loan 1,080 3,469 Less: unamortized prepaid debt fees - senior notes — 11,689 Less: unamortized prepaid debt fees - convertible notes 10,980 — Long-term debt, net $ 479,034 $ 902,577
Schedule of Maturities of Long-term Debt	The amount of required minimum principal payments on our debt in aggregate over the next five years is as follows: Year Ending December 31, Minimum Payments In thousands 2021 (amount remaining at June 30, 2021) $ — 2022 — 2023 — 2024 31,094 2025 — Thereafter 460,000 Total minimum payments on debt $ 491,094

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The fair values of our derivative instruments were as follows: Fair Value Derivatives Assets Balance Sheet Location June 30, 2021 December 31, 2020 Derivatives designated as hedging instruments under ASC 815-20 In thousands Foreign exchange options Other current assets $ 666 $ — Derivatives not designated as hedging instruments under ASC 815-20 Foreign exchange forward contracts Other current assets 25 52 Total asset derivatives $ 691 $ 52 Derivatives Liabilities Derivatives designated as hedging instruments under ASC 815-20 Interest rate swap contracts Other current liabilities $ — $ 1,025 Interest rate swap contracts Other long-term obligations — 957 Cross currency swap contract Other current liabilities — 526 Derivatives not designated as hedging instruments under ASC 815-20 Foreign exchange forward contracts Other current liabilities 106 128 Total liability derivatives $ 106 $ 2,636
Accumulated OCI for Derivative and Nonderivative Instruments Designated as Hedging Instruments, Net of Tax	The changes in accumulated other comprehensive income (loss) (AOCI), net of tax, for our derivative and nonderivative hedging instruments designated as hedging instruments, net of tax, were as follows: In thousands 2021 2020 Net unrealized loss on hedging instruments at January 1, $ (16,001) $ (15,103) Unrealized gain (loss) on derivative instruments 607 (1,914) Realized (gains) losses reclassified into net income (loss) 701 (242) Net unrealized loss on hedging instruments at June 30, $ (14,693) $ (17,259)
Offsetting Assets	A summary of the effect of netting arrangements on our financial position related to the offsetting of our recognized derivative assets and liabilities under master netting arrangements or similar agreements is as follows: Offsetting of Derivative Assets Gross Amounts of Recognized Assets Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Consolidated Balance Sheets In thousands Derivative Financial Instruments Cash Collateral Received Net Amount June 30, 2021 $ 691 $ (104) $ — $ 587 December 31, 2020 52 (52) — —
Offsetting Liabilities	Offsetting of Derivative Liabilities Gross Amounts of Recognized Liabilities Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Consolidated Balance Sheets In thousands Derivative Financial Instruments Cash Collateral Pledged Net Amount June 30, 2021 $ 106 $ (104) $ — $ 2 December 31, 2020 2,636 (52) — 2,584
Effect of Cash Flow Derivatives on the Balance Sheet and Income Statement, Before Tax	The before-tax effects of our accounting for derivative instruments designated as hedges on AOCI were as follows: Derivatives in ASC 815-20 Amount of Gain (Loss) Gain (Loss) Reclassified from Location Amount In thousands 2021 2020 2021 2020 Three Months Ended June 30, Interest rate swap contracts $ — $ (937) Interest expense $ — $ (296) Interest rate cap contracts — 389 Interest expense — 194 Foreign exchange options (1,058) (880) Product cost of revenues (8) (161) Cross currency swap contract (1,744) (898) Interest expense 24 145 Cross currency swap contract — — Other income/(expense), net (1,598) (714) Six Months Ended June 30, Interest rate swap contract $ 73 $ (2,516) Interest expense $ (229) $ (193) Interest rate swap contract — — Other income/(expense), net (1,681) — Interest rate cap contracts — 782 Interest expense — 392 Foreign exchange options (111) (969) Product cost of revenues (8) (161) Cross currency swap contract 669 357 Interest expense 94 450 Cross currency swap contract — — Other income/(expense), net 656 (197)
Foreign Exchange Derivatives Not Designated As Hedging Instruments	The effect of our derivative instruments not designated as hedges on the Consolidated Statements of Operations was as follows: Derivatives Not Designated as Hedging Instrument under ASC 815-20 Location Gain (Loss) Recognized on Derivatives in Other Income (Expense) In thousands 2021 2020 Three Months Ended June 30, Foreign exchange forward contracts Other income (expense), net $ (494) $ (904) Interest rate cap contracts Interest expense — — Six Months Ended June 30, Foreign exchange forward contracts Other income (expense), net $ (463) $ 589 Interest rate cap contracts Interest expense — —

Defined Benefit Pension Plans (

Defined Benefit Pension Plans (Tables)	6 Months Ended
	Jun. 30, 2021
Retirement Benefits [Abstract]
Schedule of Amounts Recognized in the Consolidated Balance Sheets	Amounts recognized on the Consolidated Balance Sheets consist of: In thousands June 30, 2021 December 31, 2020 Liabilities Current portion of pension benefit obligation in wages and benefits payable $ 3,569 $ 3,069 Long-term portion of pension benefit obligation 116,666 119,457 Pension benefit obligation, net $ 120,235 $ 122,526
Schedule of Net Periodic Pension Benefit Costs	Net periodic pension benefit cost for our plans include the following components: Three Months Ended June 30, Six Months Ended June 30, In thousands 2021 2020 2021 2020 Service cost $ 1,102 $ 1,017 $ 2,251 $ 1,993 Interest cost 349 457 701 930 Expected return on plan assets (88) (134) (177) (280) Amortization of prior service costs 17 16 34 32 Amortization of actuarial net loss 694 453 1,389 908 Net periodic benefit cost $ 2,074 $ 1,809 $ 4,198 $ 3,583

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2021
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 June 30, Six Months Ended June 30, In thousands 2021 2020 2021 2020 Stock options $ 371 $ 526 $ 711 $ 993 Restricted stock units 5,511 6,367 11,442 14,176 Unrestricted stock awards 206 206 433 412 Phantom stock units 1,225 1,060 2,342 1,493 Total stock-based compensation $ 7,313 $ 8,159 $ 14,928 $ 17,074 Related tax benefit $ 1,318 $ 1,420 $ 2,681 $ 3,187
Employee Stock Options Activity	A summary of our stock option activity is as follows: Shares Weighted Weighted Average Aggregate Weighted (in thousands) (years) (in thousands) Outstanding, January 1, 2020 458 $ 56.38 7.0 $ 12,641 Granted 73 87.27 $ 26.72 Exercised (47) 51.52 1,131 Outstanding, June 30, 2020 484 $ 61.48 7.3 $ 4,871 Outstanding, January 1, 2021 433 $ 61.95 6.9 $ 14,697 Granted — $ — Exercised (31) 66.97 1,121 Forfeited (6) 83.33 Outstanding, June 30, 2021 396 $ 61.25 6.4 $ 15,349 Exercisable, June 30, 2021 288 $ 54.75 5.6 $ 13,048
Stock Options, Valuation Assumptions	The weighted average assumptions used to estimate the fair value of stock options granted and the resulting weighted average fair value are as follows: Six Months Ended June 30, 2021 2020 Expected volatility — % 31.0 % Risk-free interest rate — % 1.4 % Expected term (years) N/A 5.3
Restricted Stock Units Award Activity	The following table summarizes restricted stock unit activity: In thousands, except fair value Number of Weighted Aggregate Outstanding, January 1, 2020 684 Granted 189 $ 85.97 Released (1) (230) $ 2,506 Forfeited (13) Outstanding, June 30, 2020 630 Outstanding, January 1, 2021 544 $ 71.79 Granted 203 98.94 Released (1) (194) 73.35 $ 19,474 Forfeited (33) 73.65 Outstanding, June 30, 2021 520 81.98 Vested but not released, June 30, 2021 10 $ 989 (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: Six Months Ended June 30, 2021 2020 Expected volatility 50.5 % 37.6 % Risk-free interest rate 0.2 % 1.5 % Expected term (years) 2.9 1.8 Weighted average fair value $ 113.75 $ 94.28

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Unrecognized Tax Benefits Related To Uncertain Tax Positions	The net interest and penalties expense amounts recognized were as follows: Three Months Ended June 30, Six Months Ended June 30, In thousands 2021 2020 2021 2020 Net interest and penalties expense $ 188 $ 312 $ (42) $ 620 Accrued interest and penalties recognized were as follows: In thousands June 30, 2021 December 31, 2020 Accrued interest $ 3,541 $ 3,432 Accrued penalties 1,408 1,645 Unrecognized tax benefits related to uncertain tax positions and the amount of unrecognized tax benefits that, if recognized, would affect our effective tax rate were as follows: In thousands June 30, 2021 December 31, 2020 Unrecognized tax benefits related to uncertain tax positions $ 135,400 $ 135,910 The amount of unrecognized tax benefits that, if recognized, would affect our effective tax rate 134,257 134,473

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of Line of Credit Facilities	Our available lines of credit, outstanding standby LOCs, and bonds were as follows: In thousands June 30, 2021 December 31, 2020 Credit facility Multicurrency revolving line of credit $ 500,000 $ 500,000 Standby LOCs issued and outstanding (65,471) (64,948) Net available for additional borrowings under the multicurrency revolving line of credit $ 434,529 $ 435,052 Net available for additional standby LOCs under sub-facility $ 234,529 $ 235,052 Unsecured multicurrency revolving lines of credit with various financial institutions Multicurrency revolving lines of credit $ 97,013 $ 99,201 Standby LOCs issued and outstanding (24,660) (24,966) Short-term borrowings (7,354) — Net available for additional borrowings and LOCs $ 64,999 $ 74,235 Unsecured surety bonds in force $ 146,525 $ 162,912
Schedule of Warranty Accruals	A summary of the warranty accrual account activity is as follows: Three Months Ended June 30, Six Months Ended June 30, In thousands 2021 2020 2021 2020 Beginning balance $ 39,334 $ 48,719 $ 41,390 $ 53,242 New product warranties 900 1,000 1,686 2,070 Other adjustments and expirations, net (683) 3,100 1,606 3,793 Claims activity (3,515) (8,365) (7,884) (14,305) Effect of change in exchange rates 174 303 (588) (43) Ending balance 36,210 44,757 36,210 44,757 Less: current portion of warranty 20,299 33,039 20,299 33,039 Long-term warranty $ 15,911 $ 11,718 $ 15,911 $ 11,718
Warranty Expense	Warranty expense was as follows: Three Months Ended June 30, Six Months Ended June 30, In thousands 2021 2020 2021 2020 Total warranty expense $ 217 $ 4,130 $ 3,292 $ 5,893

Restructuring (Tables)

Restructuring (Tables)	6 Months Ended
	Jun. 30, 2021
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve by Type of Cost	The total expected restructuring costs, the restructuring costs recognized, and the remaining expected restructuring costs related to the 2020 Projects were as follows: In thousands Total Expected Costs at June 30, 2021 Costs Recognized in Prior Periods Costs Recognized During the Six Months Ended Expected Remaining Costs to be Recognized at Employee severance costs $ 31,260 $ 36,225 $ (4,965) $ — Asset impairments & net loss (gain) on sale or disposal 6,861 6,944 (83) — Other restructuring costs 17,505 63 1,568 15,874 Total $ 55,626 $ 43,232 $ (3,480) $ 15,874 The total expected restructuring costs, the restructuring costs recognized, and the remaining expected restructuring costs related to the 2018 Projects were as follows: In thousands Total Expected Costs at June 30, 2021 Costs Recognized in Prior Periods Costs Recognized During the Six Months Ended Expected Remaining Costs to be Recognized at Employee severance costs $ 60,732 $ 63,173 $ (2,441) $ — Asset impairments & net loss (gain) on sale or disposal 3,747 2,786 961 — Other restructuring costs 19,889 15,217 3,172 1,500 Total $ 84,368 $ 81,176 $ 1,692 $ 1,500
Restructuring and Related Costs	The following table summarizes the activity within the restructuring-related balance sheet accounts for the 2020 Projects and 2018 Projects during the six months ended June 30, 2021: In thousands Accrued Employee Severance Asset Impairments & Net Loss (Gain) on Sale or Disposal Other Accrued Costs Total Beginning balance, January 1, 2021 $ 70,005 $ — $ 2,621 $ 72,626 Costs charged to expense (7,406) 878 4,740 (1,788) Cash payments (11,569) — (3,088) (14,657) Cash receipts — 2,007 — 2,007 Net assets disposed and impaired — (2,885) — (2,885) Effect of change in exchange rates (1,465) — (12) (1,477) Ending balance, June 30, 2021 $ 49,565 $ — $ 4,261 $ 53,826

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The changes in the components of AOCI, net of tax, were as follows: In thousands Foreign Currency Translation Adjustments Net Unrealized Gain (Loss) on Derivative Instruments Net Unrealized Gain (Loss) on Nonderivative Instruments Pension Benefit Obligation Adjustments Accumulated Other Comprehensive Income (Loss) Balances at January 1, 2020 $ (157,999) $ (723) $ (14,380) $ (31,570) $ (204,672) OCI before reclassifications (14,135) (1,914) — 83 (15,966) Amounts reclassified from AOCI 52,088 (242) — 965 52,811 Total other comprehensive income (loss) 37,953 (2,156) — 1,048 36,845 Balances at June 30, 2020 $ (120,046) $ (2,879) $ (14,380) $ (30,522) $ (167,827) Balances at January 1, 2021 $ (84,843) $ (1,621) $ (14,380) $ (37,682) $ (138,526) OCI before reclassifications (9,354) 607 — — (8,747) Amounts reclassified from AOCI — 701 — 1,400 2,101 Total other comprehensive income (loss) (9,354) 1,308 — 1,400 (6,646) Balances at June 30, 2021 $ (94,197) $ (313) $ (14,380) $ (36,282) $ (145,172)
Total Comprehensive Income (Loss)	The before-tax, income tax (provision) benefit, and net-of-tax amounts related to each component of OCI were as follows: Three Months Ended June 30, Six Months Ended June 30, In thousands 2021 2020 2021 2020 Before-tax amount Foreign currency translation adjustment $ 5,811 $ 10,685 $ (9,114) $ (15,908) Foreign currency translation adjustment reclassified to net income (loss) on sale of business — 52,088 — 52,088 Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges (2,802) (2,331) 625 (2,341) Net hedging (gain) loss reclassified to net income (loss) 1,582 832 1,168 (291) Net unrealized gain (loss) on defined benefit plans — (457) — 81 Net defined benefit plan (gain) loss reclassified to net income (loss) 711 469 1,423 940 Total other comprehensive income (loss), before tax $ 5,302 $ 61,286 $ (5,898) $ 34,569 Tax (provision) benefit Foreign currency translation adjustment $ (153) $ 625 $ (240) $ 1,773 Foreign currency translation adjustment reclassified to net income (loss) on sale of business — — — — Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges — 135 (18) 427 Net hedging (gain) loss reclassified to net income (loss) — (25) (467) 49 Net unrealized gain (loss) on defined benefit plans — 6 — 2 Net defined benefit plan (gain) loss reclassified to net income (loss) (12) 29 (23) 25 Total other comprehensive income (loss) tax (provision) benefit $ (165) $ 770 $ (748) $ 2,276 Net-of-tax amount Foreign currency translation adjustment $ 5,658 $ 11,310 $ (9,354) $ (14,135) Foreign currency translation adjustment reclassified to net income (loss) on sale of business — 52,088 — 52,088 Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges (2,802) (2,196) 607 (1,914) Net hedging (gain) loss reclassified to net income (loss) 1,582 807 701 (242) Net unrealized gain (loss) on defined benefit plans — (451) — 83 Net defined benefit plan (gain) loss reclassified to net income (loss) 699 498 1,400 965 Total other comprehensive income (loss), net of tax $ 5,137 $ 62,056 $ (6,646) $ 36,845

Fair Values of Financial Inst_2

Fair Values of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Schedule of Fair Values Of Financial Instruments by Balance Sheet Grouping	The fair values at June 30, 2021 and December 31, 2020 do not reflect subsequent changes in the economy, interest rates, tax rates, and other variables that may affect the determination of fair value. June 30, 2021 December 31, 2020 In thousands Carrying Fair Carrying Fair Credit facility USD denominated term loan $ 30,014 $ 30,195 $ 532,625 $ 520,347 Multicurrency revolving line of credit — — — — Senior notes — — 388,311 410,000 Convertible notes 449,020 476,698 — —

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Revenues Gross Profit And Operating Income By Segment	Revenues, gross profit, and operating income associated with our operating segments were as follows: Three Months Ended June 30, Six Months Ended June 30, In thousands 2021 2020 2021 2020 Product revenues Device Solutions $ 160,647 $ 126,950 $ 330,978 $ 327,118 Networked Solutions 235,167 300,351 493,870 615,788 Outcomes 15,905 11,684 29,675 24,216 Total Company $ 411,719 $ 438,985 $ 854,523 $ 967,122 Service revenues Device Solutions $ 2,320 $ 2,215 $ 4,770 $ 4,326 Networked Solutions 29,891 24,129 59,502 49,537 Outcomes 45,482 44,265 90,191 87,024 Total Company $ 77,693 $ 70,609 $ 154,463 $ 140,887 Total revenues Device Solutions $ 162,967 $ 129,165 $ 335,748 $ 331,444 Networked Solutions 265,058 324,480 553,372 665,325 Outcomes 61,387 55,949 119,866 111,240 Total Company $ 489,412 $ 509,594 $ 1,008,986 $ 1,108,009 Gross profit Device Solutions $ 30,452 $ 11,948 $ 62,748 $ 44,315 Networked Solutions 95,953 108,323 208,712 230,073 Outcomes 23,470 18,246 45,459 35,695 Total Company $ 149,875 $ 138,517 $ 316,919 $ 310,083 Operating income (loss) Device Solutions $ 19,988 $ (1,120) $ 41,689 $ 17,078 Networked Solutions 64,630 77,382 143,921 166,062 Outcomes 12,537 9,226 22,873 17,424 Corporate unallocated (104,087) (130,875) (184,475) (219,581) Total Company (6,932) (45,387) 24,008 (19,017) Total other income (expense) (25,729) (12,299) (38,428) (21,957) Loss before income taxes $ (32,661) $ (57,686) $ (14,420) $ (40,974)
Revenues By Region	Revenues by region were as follows: Three Months Ended June 30, Six Months Ended June 30, In thousands 2021 2020 2021 2020 United States and Canada $ 308,673 $ 369,862 $ 634,209 $ 755,187 Europe, Middle East, and Africa 150,851 107,799 311,220 274,783 Asia Pacific and Latin America (1) 29,888 31,933 63,557 78,039 Total Company $ 489,412 $ 509,594 $ 1,008,986 $ 1,108,009 (1) On June 25, 2020, we sold our Latin American operations. We continue to sell into the region through an exclusive distributor.
Depreciation And Amortization Expense Associated With Segments	Depreciation and amortization of intangible assets expense associated with our operating segments was as follows: Three Months Ended June 30, Six Months Ended June 30, In thousands 2021 2020 2021 2020 Device Solutions $ 5,609 $ 6,062 $ 11,797 $ 12,497 Networked Solutions 4,252 4,333 8,527 8,070 Outcomes 1,129 1,412 2,363 2,805 Corporate unallocated 10,119 12,392 20,232 24,858 Total Company $ 21,109 $ 24,199 $ 42,919 $ 48,230

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2021
Revenues [Abstract]
Contract with Customer, Asset and Liability	A summary of significant net changes in the contract assets and the contract liabilities balances during the period is as follows: In thousands Contract Liabilities, Less Contract Assets Beginning balance, January 1, 2021 $ 98,388 Revenues recognized from beginning contract liability (78,600) Cumulative catch-up adjustments 10,169 Increases due to amounts collected or due 161,728 Revenues recognized from current period increases (59,962) Other (141) Ending balance, June 30, 2021 $ 131,582

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Risks and uncertainties in entity's business	Risks and UncertaintiesThe COVID-19 pandemic has had global economic impacts including disrupting customer demand and global supply chains, resulting in market volatility. The extent of the recent pandemic and its ongoing impact on our operations is volatile, but is being monitored closely by our management. During portions of the first half of 2020 certain of our European factories were closed due to government actions and local conditions, and any further closures that may be imposed on us could impact our results for 2021. New variants of the virus may cause previously lifted restrictions to be reinstated, which could result in more disruptions. Incremental costs we have incurred related to COVID-19, such as personal protective equipment, increased cleaning and sanitizing of our facilities, and other such items, have not been material to date. As economies have reopened, global supply chains have struggled to keep pace with rapidly changing demand. The resulting supply constraints could appear across a variety of areas including mechanical, electrical and logistics portions of the supply chain, which could impact our ability to ship products in a timely manner. At this time, we have not identified any significant decrease in long-term customer demand for our products and services. Certain of our customers' projects and deployments have continued to shift later into 2021 and beyond.

Computation of Basic and Dilute

Computation of Basic and Diluted Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share [Abstract]
Net loss available to common shareholders	$ (33,123)	$ (62,802)	$ (20,520)	$ (54,118)
Weighted average common shares outstanding - Basic (in shares)	45,142	40,216	43,344	40,130
Dilutive effect of stock-based awards (in shares)	0	0	0	0
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities	0	0	0	0
Weighted average common shares outstanding - Diluted (in shares)	45,142	40,216	43,344	40,130
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)

Earnings Per Share Stock-based

Earnings Per Share Stock-based Awards (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share [Abstract]
Stock-based awards excluded from diluted EPS calculation (antidilutive) (in shares)	0.4	0.9	0.5	0.8

Earnings Per Share - Convertibl

Earnings Per Share - Convertible Senior Notes and Warrants (Details) - $ / shares shares in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Debt Instrument [Line Items]
Stock-based awards excluded from diluted EPS calculation (antidilutive) (in shares)	0.4		0.9	0.5	0.8
Treasury stock, shares, acquired		3.7
Class of warrant or right, exercise price of warrants or rights		$ 180
Convertible Debt Securities
Debt Instrument [Line Items]
Common stock, conversion price (in dollars per share)		$ 126
Stock-based awards excluded from diluted EPS calculation (antidilutive) (in shares)		3.7

Earnings Per Share - Converti_2

Earnings Per Share - Convertible Note Hedge Transactions (Details) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)$ / sharesshares
Debt Instrument [Line Items]
Derivative, notional amount | $	$ 84.1
Treasury stock, shares, acquired | shares	3.7
Convertible Debt Securities
Debt Instrument [Line Items]
Common stock, conversion price (in dollars per share) | $ / shares	$ 126

Certain Balance Sheet Compone_3

Certain Balance Sheet Components Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Accounts Receivable, after Allowance for Credit Loss, Current [Abstract]
Trade receivables (net of allowance of $1,107 and $1,312)	$ 286,539	$ 318,269
Unbilled receivables	49,532	51,559
Total accounts receivable, net	$ 336,071	$ 369,828

Certain Balance Sheet Compone_4

Certain Balance Sheet Components Summary of the Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Accounts Receivable, after Allowance for Credit Loss, Current [Abstract]
Beginning balance	$ 1,136	$ 3,046	$ 1,312	$ 3,064
Provision for (release of) doubtful accounts, net	25	(171)	(42)	339
Accounts written-off	(63)	(796)	(142)	(1,211)
Effect of change in exchange rates	9	23	(21)	(90)
Ending balance	$ 1,107	$ 2,102	$ 1,107	$ 2,102

Certain Balance Sheet Compone_5

Certain Balance Sheet Components Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Inventory, Net [Abstract]
Raw materials	$ 117,794	$ 114,058
Work in process	9,385	8,094
Finished goods	52,168	60,225
Total inventories	$ 179,347	$ 182,377

Certain Balance Sheet Compone_6

Certain Balance Sheet Components Property, Plant, and Equipment, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment, Net [Abstract]
Machinery and equipment	$ 335,805	$ 334,050
Computers and software	117,060	115,776
Buildings, furniture, and improvements	147,764	155,676
Land	12,121	14,303
Construction in progress, including purchased equipment	36,555	31,425
Total cost	649,305	651,230
Accumulated depreciation	(453,096)	(443,414)
Property, plant, and equipment, net	$ 196,209	$ 207,816

Certain Balance Sheet Compone_7

Certain Balance Sheet Components Depreciation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 12,112	$ 13,059	$ 24,949	$ 25,925

Intangible Assets and Liabili_3

Intangible Assets and Liabilities Gross Carrying Amount and Accumulated Amortization (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Intangible Assets [Line Items]
Intangible assets, Accumulated (Amortization) Accretion	$ (877,283)	$ (867,082)
Intangible assets, Net	113,672
Intangible assets, Gross	990,955	1,000,037	$ 952,225	$ 979,814
Intangible assets, Net	113,672	132,955
Intangible liabilities, Gross	(23,900)	(23,900)	$ (23,900)	$ (23,900)
Intangible liabilities, Accumulated (Amortization) Accretion	22,460	21,479
Intangible liabilities, Net	(1,440)	(2,421)
Core-developed technology [Member]
Intangible Assets [Line Items]
Intangible assets, Gross	518,587	525,051
Intangible assets, Accumulated (Amortization) Accretion	(498,890)	(498,113)
Intangible assets, Net	19,697	26,938
Customer contracts and relationships [Member]
Intangible Assets [Line Items]
Intangible assets, Gross	381,112	383,245
Intangible assets, Accumulated (Amortization) Accretion	(290,144)	(280,497)
Intangible assets, Net	90,968	102,748
Trademarks and trade names [Member]
Intangible Assets [Line Items]
Intangible assets, Gross	79,232	79,716
Intangible assets, Accumulated (Amortization) Accretion	(76,620)	(76,912)
Intangible assets, Net	2,612	2,804
Other Intangible Assets [Member]
Intangible Assets [Line Items]
Intangible assets, Gross	12,024	12,025
Intangible assets, Accumulated (Amortization) Accretion	(11,629)	(11,560)
Intangible assets, Net	$ 395	$ 465

Summary of Intangible Asset Acc

Summary of Intangible Asset Account Activity (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Total Intangible Assets [Abstract]
Intangible assets, gross beginning balance	$ 1,000,037	$ 979,814
Intangibles disposed in sale of business	0	(18,140)
Effect of change in exchange rates	(9,082)	(9,449)
Intangible assets, gross ending balance	990,955	952,225
Intangible liabilities, gross beginning balance	23,900	23,900
Effect of change in exchange rates	0	0
Intangible liabilities, gross ending balance	$ 23,900	$ 23,900

Intangible Assets and Liabili_4

Intangible Assets and Liabilities Intangible Assets Narrative (Details) $ in Millions	Jun. 25, 2020USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Disposal Group, Including Discontinued Operation, Intangible Assets	$ 0.8

Intangible Assets and Liabili_5

Intangible Assets and Liabilities Estimated Future Annual Amortization Expense (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Intangible Assets [Abstract]
2021 (amount remaining at June 30, 2021)	$ 18,976
2022	27,520
2023	19,908
2024	15,708
2025	14,713
Thereafter	16,847
Total intangible assets subject to amortization (accretion)	113,672
2021 (amount remaining at June 30, 2021)	(981)
2022	(459)
2023	0
2024	0
2025	0
Thereafter	0
Intangible liabilities, Net	(1,440)	$ (2,421)
2021 (amount remaining at June 30, 2021)	17,995
2022	27,061
2023	19,908
2024	15,708
2025	14,713
Thereafter	16,847
Total intangible assets (liabilities), net	$ 112,232

Schedule of Goodwill Allocated

Schedule of Goodwill Allocated to Reporting Segments (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
Goodwill [Roll Forward]
Goodwill, net, at beginning of period	$ 1,131,916
Effect of change in exchange rates	(8,761)
Goodwill, Ending Balance	1,123,155
Device Solutions
Goodwill [Roll Forward]
Goodwill, net, at beginning of period	53,214
Effect of change in exchange rates	(353)
Goodwill, Ending Balance	52,861
Networked Solutions Segment
Goodwill [Roll Forward]
Goodwill, net, at beginning of period	933,814
Effect of change in exchange rates	(7,277)
Goodwill, Ending Balance	926,537
Outcomes Segment [Member]
Goodwill [Roll Forward]
Goodwill, net, at beginning of period	144,888
Effect of change in exchange rates	(1,131)
Goodwill, Ending Balance	$ 143,757

Schedule of Debt Components of

Schedule of Debt Components of Borrowing (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Apr. 08, 2021	Mar. 09, 2021	Dec. 31, 2020	Jan. 19, 2018	Dec. 22, 2017
Debt Instrument [Line Items]
Senior notes		$ 0	$ 410,000		$ 100,000	$ 300,000
Convertible Debt	$ 460,000			$ 0
Total debt	491,094
Current portion of debt	0			18,359
Long-term debt, net	479,034			902,577
Secured Debt
Debt Instrument [Line Items]
Total debt	491,094			936,094
Current portion of debt	0			18,359
Long-term debt, net	479,034			902,577
USD Denominated Term Loan
Debt Instrument [Line Items]
USD denominated term loan	31,094			536,094
Unamortized prepaid debt fees	1,080			3,469
Line of Credit
Debt Instrument [Line Items]
Multicurrency revolving line of credit	0			0
Senior Notes
Debt Instrument [Line Items]
Senior notes	0			400,000
Unamortized prepaid debt fees	0			11,689
Convertible Debt Securities
Debt Instrument [Line Items]
Unamortized prepaid debt fees	$ 10,980			$ 0

Credit Facility Additional Info

Credit Facility Additional Information (Details)

Mar. 12, 2021USD ($)$ / shares

Oct. 19, 2020USD ($)

Mar. 25, 2020USD ($)

Jun. 30, 2021USD ($)

Jun. 30, 2021USD ($)

Jan. 14, 2022

Dec. 31, 2020USD ($)

Jan. 14, 2021

Apr. 08, 2021USD ($)

Mar. 09, 2021USD ($)

Oct. 18, 2019USD ($)

Jan. 19, 2018USD ($)

Dec. 22, 2017USD ($)

Debt Instrument [Line Items]

Debt instrument, face amount

$ 1,200,000,000

Line of credit facility, maximum borrowing capacity

500,000,000

Senior notes

$ 0

$ 410,000,000

$ 100,000,000

$ 300,000,000

Senior notes, early redemption, premium percentage

2.50%

Early repayment of senior debt

$ 10,000,000

Write off of prepaid debt fees on senior notes

11,100,000

Credit Facility [Member]

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity

500,000,000

$ 500,000,000

$ 500,000,000

Letters of credit outstanding, amount

65,471,000

65,471,000

64,948,000

Line of credit facility, remaining borrowing capacity

234,500,000

234,500,000

Forecast | Debt Instrument, Redemption, Period One [Member]

Debt Instrument [Line Items]

Debt instrument, redemption price, percentage

102.50%

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

0

USD Denominated Term Loan

Debt Instrument [Line Items]

Debt instrument, face amount

650,000,000

Line of Credit

Debt Instrument [Line Items]

Debt instrument, fee amount

$ 1,400,000

Line of credit facility, amount outstanding

0

0

0

Line of credit facility, remaining borrowing capacity

434,529,000

434,529,000

435,052,000

Proceeds from Lines of Credit

$ 400,000,000

Line of Credit | Fourth Quarter 2020

Debt Instrument [Line Items]

Debt instrument, debt covenant. required rate

4.75

Line of Credit | 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

65,500,000

$ 65,500,000

Secured Debt

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.

Convertible Debt

Debt Instrument [Line Items]

Proceeds from convertible debt

$ 448,500,000

Debt instrument, convertible, conversion ratio

0.0079365

Debt instrument, convertible, conversion price | $ / shares

$ 126

Senior Notes

Debt Instrument [Line Items]

Senior notes

$ 0

$ 0

$ 400,000,000

Debt Instrument, interest rate, stated percentage

5.00%

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

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%

Debt instrument, redemption price, percentage

98.00%

Maximum [Member] | Line of Credit

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

1.11%

1.11%

Debt instrument, description of variable rate basis

the LIBOR rate

Debt instrument, basis spread on variable rate

1.00%

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

Debt Senior Note Additional Inf

Debt Senior Note Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended	37 Months Ended
	Jan. 14, 2022	Jan. 14, 2021	Jun. 30, 2021	Apr. 08, 2021	Mar. 09, 2021	Dec. 31, 2020	Jan. 19, 2018	Dec. 22, 2017
Senior Note Additional Information [Abstract]
Senior notes				$ 0	$ 410,000		$ 100,000	$ 300,000
Senior Notes
Senior Note Additional Information [Abstract]
Senior notes			$ 0			$ 400,000
Debt Instrument [Line Items]
Debt Instrument, interest rate, stated percentage						5.00%
Debt Instrument, Redemption, Period Four [Member]
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage		130.00%
Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage		98.00%
Forecast | Debt Instrument, Redemption, Period One [Member]
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage	102.50%

Debt Minimum Required Principal

Debt Minimum Required Principal Payments (Details) $ in Thousands	Jun. 30, 2021USD ($)
Text Block [Abstract]
2021 (amount remaining at June 30, 2021)	$ 0
2022	0
2023	0
2024	31,094
2025	0
Thereafter	460,000
Total debt	$ 491,094

Derivative and Nonderivative He

Derivative and Nonderivative Hedging Instrument Fair Value Disclosure (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Asset Derivatives [Abstract]
Total asset derivatives	$ 691	$ 52
Liability Derivatives [Abstract]
Total liability derivatives	106	2,636
Designated as Hedging Instrument [Member] | Other Current Assets [Member]
Liability Derivatives [Abstract]
Foreign exchange forward contracts	666	0
Not Designated as Hedging Instrument [Member] | Other Current Assets [Member]
Asset Derivatives [Abstract]
Foreign currency derivative instruments not designated as hedging instruments, asset at fair value	25	52
Not Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]
Liability Derivatives [Abstract]
Foreign exchange forward contracts	106	128
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]
Liability Derivatives [Abstract]
Interest Rate Derivative Liabilities, at Fair Value	0	1,025
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Other Noncurrent Liabilities
Liability Derivatives [Abstract]
Interest Rate Derivative Liabilities, at Fair Value	0	957
Currency Swap [Member] | Designated as Hedging Instrument [Member] | Other Noncurrent Liabilities
Asset Derivatives [Abstract]
Foreign currency fair value hedge asset at fair value	$ 0	$ 526

Activity of Hedging Instruments

Activity of Hedging Instruments in Accumulated OCI (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Net unrealized loss on hedging instruments at January 1,			$ (138,526)
Unrealized gain (loss) on derivative instruments	$ (2,802)	$ (2,196)	607	$ (1,914)
Realized losses reclassified into net income (loss)	1,582	807	701	(242)
Net unrealized loss on hedging instruments at June 30,	(145,172)		(145,172)
Accumulated Net Gain (Loss) from Derivative and Nonderivative Instruments Designated as Hedging Instruments [Member]
Net unrealized loss on hedging instruments at January 1,			(16,001)	(15,103)
Net unrealized loss on hedging instruments at June 30,	$ (14,693)	$ (17,259)	$ (14,693)	$ (17,259)

Offsetting of Derivative Assets

Offsetting of Derivative Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Total asset derivatives	$ 691	$ 52
Derivative Financial Instruments Not Offset in the Consolidated Balance Sheets	(104)	(52)
Cash Collateral Received Not Offset in the Consolidated Balance Sheets	0	0
Derivative Asset, Fair Value, Amount Offset Against Collateral	$ 587	$ 0

Offsetting of Derivative Liabil

Offsetting of Derivative Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Liability, Fair Value, Gross Liability	$ 106	$ 2,636
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	(104)	(52)
Cash Collateral Pledged Not Offset in the Consolidated Balance Sheets	0	0
Derivative Liability, Fair Value, Amount Offset Against Collateral	$ 2	$ 2,584

Derivative Financial Instrume_3

Derivative Financial Instruments Narrative (Details) $ / shares in Units, shares in Millions	Feb. 28, 2021USD ($)	Mar. 31, 2021USD ($)$ / sharesshares	Jun. 30, 2021USD ($)contracts	Mar. 17, 2021USD ($)	Dec. 31, 2020USD ($)	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Apr. 30, 2018USD ($)	Oct. 31, 2015USD ($)
Net unrealized loss on hedging instruments			$ 145,172,000		$ 138,526,000
Total debt			491,094,000
Derivative, notional amount		$ 84,100,000
Deferred tax assets, derivative instruments		$ 20,600,000	20,600,000
Treasury stock, shares, acquired | shares		3.7
Class of warrant or right, exercise price of warrants or rights | $ / shares		$ 180
Class of Warrant or Right, Premium, Percentage		1
Class of Warrant or Right, Aggregate Proceeds From Transaction		$ 45,300,000
Convertible Debt Securities
Common stock, conversion price (in dollars per share) | $ / shares		$ 126
Secured Debt
Total debt			491,094,000		$ 936,094,000
Net Unrealized Gain (Loss) on Nonderivative Instruments
Net unrealized loss on hedging instruments			$ 14,400,000			$ 14,400,000
Number of Counterparties [Member]
Derivative counterparties			4		6
Interest Rate Swap [Member]
Number of interest rate derivatives held							1		1
Derivative, notional amount							$ 240,000,000		$ 214,000,000
Derivative, fixed interest rate							0.617%		1.42%
Derivative, termination fee				$ 1,700,000
Currency Swap [Member]
Number of interest rate derivatives held								1
Derivative, notional amount								$ 56,000,000
Derivative, fixed interest rate								1.38%
Foreign Exchange Option [Member]
Derivative, notional amount	$ 77,000,000
Derivative purchase price	$ 1,100,000
Forward Contracts [Member]
Number of foreign exchange contracts | contracts			37
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member] | Minimum [Member]
Derivative, notional amount			$ 98,000
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member] | Maximum [Member]
Derivative, notional amount			46,100,000
London Interbank Offered Rate (LIBOR) [Member] | Secured Debt
Total debt			$ 31,100,000

Effect of Cash Flow Derivatives

Effect of Cash Flow Derivatives on the Balance Sheet and Income Statement, Before Tax (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative Instruments Designated as Hedging Instruments [Abstract]
Gain (Loss) Reclassified from  AOCI into Income	$ (1,582)	$ (832)	$ (1,168)	$ 291
Interest Rate Swap [Member]
Derivative Instruments Designated as Hedging Instruments [Abstract]
Amount of Gain (Loss) Recognized in OCI on Derivative	0	(937)	73	(2,516)
Interest Rate Swap [Member] | Interest Expense [Member]
Derivative Instruments Designated as Hedging Instruments [Abstract]
Gain (Loss) Reclassified from  AOCI into Income	0	(296)	(229)	(193)
Interest Rate Cap [Member]
Derivative Instruments Designated as Hedging Instruments [Abstract]
Amount of Gain (Loss) Recognized in OCI on Derivative	0	389	0	782
Interest Rate Cap [Member] | Interest Expense [Member]
Derivative Instruments Designated as Hedging Instruments [Abstract]
Gain (Loss) Reclassified from  AOCI into Income	0	194	0	392
Foreign Exchange Option [Member]
Derivative Instruments Designated as Hedging Instruments [Abstract]
Amount of Gain (Loss) Recognized in OCI on Derivative	(1,058)	(880)	(111)	(969)
Foreign Exchange Option [Member] | Cost of Sales [Member]
Derivative Instruments Designated as Hedging Instruments [Abstract]
Gain (Loss) Reclassified from  AOCI into Income	(8)	(161)	(8)	(161)
Currency Swap 1 [Member]
Derivative Instruments Designated as Hedging Instruments [Abstract]
Amount of Gain (Loss) Recognized in OCI on Derivative	(1,744)	(898)	669	357
Currency Swap 2 [Member]
Derivative Instruments Designated as Hedging Instruments [Abstract]
Amount of Gain (Loss) Recognized in OCI on Derivative		0	0	0
Currency Swap [Member] | Interest Expense [Member]
Derivative Instruments Designated as Hedging Instruments [Abstract]
Gain (Loss) Reclassified from  AOCI into Income	24	145	94	450
Currency Swap [Member] | Other Income (Expense) [Member]
Derivative Instruments Designated as Hedging Instruments [Abstract]
Gain (Loss) Reclassified from  AOCI into Income	$ (1,598)	$ (714)	656	(197)
Interest Rate Swap 2
Derivative Instruments Designated as Hedging Instruments [Abstract]
Amount of Gain (Loss) Recognized in OCI on Derivative			0	0
Interest Rate Swap 2 | Interest Expense [Member]
Derivative Instruments Designated as Hedging Instruments [Abstract]
Gain (Loss) Reclassified from  AOCI into Income			$ (1,681)	$ 0

Derivatives Not Designated as H

Derivatives Not Designated as Hedging Relationships (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Other Income (Expense) [Member]
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Foreign exchange forward contracts	$ (494)	$ (904)	$ (463)	$ 589
Interest Rate Cap [Member] | Interest Expense [Member]
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Interest rate cap contracts	$ 0	$ 0	$ 0	$ 0

Schedule of Amounts Recognized

Schedule of Amounts Recognized in the Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Retirement Benefits [Abstract]
Current portion of pension benefit obligation in wages and benefits payable	$ 3,569	$ 3,069
Long-term portion of pension benefit obligation	116,666	119,457
Pension benefit obligation, net	$ 120,235	$ 122,526

Schedule of Net Periodic Pensio

Schedule of Net Periodic Pension Benefit Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Retirement Benefits [Abstract]
Service cost	$ 1,102	$ 1,017	$ 2,251	$ 1,993
Interest cost	349	457	701	930
Expected return on plan assets	(88)	(134)	(177)	(280)
Amortization of prior service costs	17	16	34	32
Amortization of actuarial net loss	694	453	1,389	908
Net periodic benefit cost	$ 2,074	$ 1,809	$ 4,198	$ 3,583

Stock-Based Compensation Expens

Stock-Based Compensation Expense and Related Tax Benefit (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options	$ 371	$ 526	$ 711	$ 993
Restricted stock units	5,511	6,367	11,442	14,176
Unrestricted stock awards	206	206	433	412
Total stock-based compensation	7,313	8,159	14,928	17,074
Related tax benefit	1,318	1,420	2,681	3,187
Phantom Share Units (PSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Phantom stock units	$ 1,225	$ 1,060	$ 2,342	$ 1,493

Stock Option Summary (Details)

Stock Option Summary (Details) - Share-based Payment Arrangement, Option [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
[Line Items]
Outstanding, beginning balance (in shares)	433	458	433	458
Outstanding, beginning balance, weighted average exercise price per share (in dollars per share)	$ 61.95	$ 56.38	$ 61.95	$ 56.38
Outstanding, weighted average remaining contractual life	6 years 10 months 24 days	7 years	6 years 4 months 24 days	7 years 3 months 18 days
Outstanding, beginning balance, aggregate intrinsic value	$ 14,697	$ 12,641	$ 14,697	$ 12,641
Granted (in shares)			0	73
Granted, weighted average exercise price (in dollars per share)				$ 87.27
Granted, weighted average grant date fair value			$ 0	$ 26.72
Exercised (in shares)			(31)	(47)
Exercised, weighted average exercise price (in dollars per share)			$ 66.97	$ 51.52
Exercised, aggregate intrinsic value			$ 1,121	$ 1,131
Forfeited (in share)			(6)
Forfeited, weighted average grant date fair value (in dollars per share)			$ 83.33
Outstanding, ending balance (in shares)			396	484
Outstanding, ending balance, weighted average exercise price per share (in dollars per share)			$ 61.25	$ 61.48
Outstanding, weighted average remaining contractual life	6 years 10 months 24 days	7 years	6 years 4 months 24 days	7 years 3 months 18 days
Outstanding, ending balance, aggregate intrinsic value			$ 15,349	$ 4,871
Exercisable (in shares)			288
Exercisable, weighted average exercise price (in dollars per share)			$ 54.75
Exercisable, weighted average remaining contractual term			5 years 7 months 6 days
Exercisable, aggregate intrinsic value			$ 13,048

Stock Option Black Scholes Opti

Stock Option Black Scholes Option Pricing Model Assumptions (Details) - Share-based Payment Arrangement, Option [Member]	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Expected volatility	0.00%	31.00%
Risk-free interest rate	0.00%	1.40%
Expected term (years)		5 years 3 months 18 days

Stock-Based Compensation Restri

Stock-Based Compensation Restricted Stock Units Summary (Details) - Restricted Stock Units (RSUs) [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020
[Line Items]
Outstanding, beginning balance (in shares)		544	684
Outstanding, beginning balance, weighted average grant date fair value (in dollars per share)		$ 71.79
Granted (in shares)		203	189
Granted, weighted average grant date fair value (in dollars per share)		$ 98.94	$ 85.97
Forfeited (in shares)		(33)	(13)
Forfeited, weighted average grant date fair value (in dollars per share)		$ 73.65
Outstanding, ending balance (in shares)		520	630
Outstanding, ending balance, weighted average grant date fair value (in dollars per share)		$ 81.98
Vested and Released [Member]
[Line Items]
Released (in shares)	[1]	(194)	(230)
Released, weighted average grant date fair value (in dollars per share)		$ 73.35
Released, aggregate intrinsic value		$ 19,474	$ 2,506
Vested but Not Released [Member]
[Line Items]
Released (in shares)		(10)
Released, aggregate intrinsic value		$ 989
Long Term Performance Restricted Stock Award [Member]
[Line Items]
Granted, weighted average grant date fair value (in dollars per share)		$ 113.75	$ 94.28
[1]	(1) Shares released is presented as gross shares and does not reflect shares withheld by us for employee payroll tax obligations.

Stock-Based Compensation Long-T

Stock-Based Compensation Long-Term Performance Restricted Stock Unit Award Monte Carlo Pricing Model Assumptions (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, weighted average grant date fair value (in dollars per share)	$ 98.94	$ 85.97
Long Term Performance Restricted Stock Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	50.50%	37.60%
Risk-free interest rate	0.20%	1.50%
Expected term (years)	2 years 10 months 24 days	1 year 9 months 18 days
Granted, weighted average grant date fair value (in dollars per share)	$ 113.75	$ 94.28

Stock-Based Compensation Narrat

Stock-Based Compensation Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)shares
Share-based Payment Arrangement, Option [Member]
[Line Items]
Compensation cost not yet recognized | $	$ 1.7
Unrecognized compensation expense, Expected weighted average period for recognition (years)	1 year 6 months
Restricted Stock Units (RSUs) [Member]
[Line Items]
Compensation cost not yet recognized | $	$ 36.4
Unrecognized compensation expense, Expected weighted average period for recognition (years)	1 year 10 months 24 days
Employee Stock Purchase Plan [Member]
[Line Items]
Share-based compensation arrangement by share-based payment award, number of shares available for grant (in shares)	160,181
Stock Incentive Plan [Member]
[Line Items]
Share-based compensation arrangement by share-based payment award, number of shares authorized (in shares)	12,623,538
Share-based compensation arrangement by share-based payment award, number of shares available for grant (in shares)	5,345,201
Reduction in stock options available for issue	1
Authorized share reserve reduction in awards other than stock options or share appreciation rights available for issue, conversion ratio	1.7

Income Tax Contingencies (Detai

Income Tax Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Net interest and penalties expense	$ 188	$ 312	$ (42)	$ 620
Accrued interest	3,541		3,541		$ 3,432
Accrued penalties	1,408		1,408		1,645
Unrecognized tax benefits related to uncertain tax positions	135,400		135,400		135,910
The amount of unrecognized tax benefits that, if recognized, would affect our effective tax rate	$ 134,257		$ 134,257		$ 134,473

Income Taxes Narrative (Details

Income Taxes Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Tax Examination [Line Items]
Effective income tax rate reconciliation, percent	1.00%	(8.00%)	(31.00%)	(30.00%)
Effective income tax rate reconciliation, at federal statutory income tax rate, percent	21.00%	21.00%	21.00%	21.00%

Commitments and Contingencies A

Commitments and Contingencies Available Lines of Credit, Outstanding Standby Letter of Credits, and Bonds (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Oct. 18, 2019
Line of Credit Facility [Line Items]
Multicurrency revolving line of credit			$ 500,000
Net available for additional standby LOCs under sub-facility	$ 234,529	$ 235,052
Credit Facility [Member]
Line of Credit Facility [Line Items]
Multicurrency revolving line of credit	500,000	500,000
Letters of Credit Outstanding, Amount	(65,471)	(64,948)
Line of Credit Facility, Remaining Borrowing Capacity	234,500
Unsecured Multicurrency Revolving Lines of Credit [Member]
Line of Credit Facility [Line Items]
Multicurrency revolving line of credit	97,013	99,201
Letters of Credit Outstanding, Amount	(24,660)	(24,966)
Short-term borrowings	(7,354)	0
Line of Credit Facility, Remaining Borrowing Capacity	64,999	74,235
Surety Bond [Member]
Line of Credit Facility [Line Items]
Unsecured surety bonds in force	146,525	162,912
Line of Credit
Line of Credit Facility [Line Items]
Long-term Line of Credit	0	0
Line of Credit Facility, Remaining Borrowing Capacity	$ 434,529	$ 435,052

Commitments and Contingencies W

Commitments and Contingencies Warranty Account Activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Beginning balance	$ 39,334	$ 48,719	$ 41,390	$ 53,242	$ 53,242
New product warranties	900	1,000	1,686	2,070
Other changes/adjustments to warranties	(683)	3,100	1,606	3,793
Claims activity	(3,515)	(8,365)	(7,884)	(14,305)
Effect of change in exchange rates	174	303	(588)	(43)
Ending balance	36,210	44,757	36,210	44,757	$ 41,390
Less: current portion of warranty	20,299	33,039	20,299	33,039
Long-term warranty	$ 15,911	$ 11,718	$ 15,911	$ 11,718

Commitments and Contingencies_2

Commitments and Contingencies Warranty Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Total warranty expense	$ 217	$ 4,130	$ 3,292	$ 5,893

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Line of Credit Facility [Line Items]
Other changes/adjustments to warranties	$ (683)	$ 3,100	$ 1,606	$ 3,793
Device Solutions
Line of Credit Facility [Line Items]
Other changes/adjustments to warranties					$ 2,000
Networked Solutions Segment
Line of Credit Facility [Line Items]
Other changes/adjustments to warranties					$ 700

Restructuring Additional Inform

Restructuring Additional Information (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring reserve, current	$ 26.5	$ 31.7
Restructuring reserve, noncurrent	$ 27.3	$ 40.9

Restructuring Expected Costs -

Restructuring Expected Costs - 2020 Projects (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring	$ (1,788)
2020 Projects [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	55,626
Restructuring and Related Cost, Cost Incurred to Date		$ 43,232
Restructuring	(3,480)
Restructuring and Related Cost, Expected Cost Remaining	15,874
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	(7,406)
Employee Severance [Member] | 2020 Projects [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	31,260
Restructuring and Related Cost, Cost Incurred to Date		36,225
Restructuring	(4,965)
Restructuring and Related Cost, Expected Cost Remaining	0
Asset Impairment and Net (Gain) Loss on Sale or Disposal [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	878
Asset Impairment and Net (Gain) Loss on Sale or Disposal [Member] | 2020 Projects [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	6,861
Restructuring and Related Cost, Cost Incurred to Date		6,944
Restructuring	(83)
Restructuring and Related Cost, Expected Cost Remaining	0
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	4,740
Other Restructuring [Member] | 2020 Projects [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	17,505
Restructuring and Related Cost, Cost Incurred to Date		$ 63
Restructuring	1,568
Restructuring and Related Cost, Expected Cost Remaining	$ 15,874

Restructuring Expected Costs _2

Restructuring Expected Costs - 2018 Projects (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring	$ (1,788)
2018 Projects [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	84,368
Restructuring and Related Cost, Cost Incurred to Date		$ 81,176
Restructuring	1,692
Restructuring and Related Cost, Expected Cost Remaining	1,500
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	(7,406)
Employee Severance [Member] | 2018 Projects [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	60,732
Restructuring and Related Cost, Cost Incurred to Date		63,173
Restructuring	(2,441)
Restructuring and Related Cost, Expected Cost Remaining	0
Asset Impairment and Net (Gain) Loss on Sale or Disposal [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	878
Asset Impairment and Net (Gain) Loss on Sale or Disposal [Member] | 2018 Projects [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	3,747
Restructuring and Related Cost, Cost Incurred to Date		2,786
Restructuring	961
Restructuring and Related Cost, Expected Cost Remaining	0
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	4,740
Other Restructuring [Member] | 2018 Projects [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	19,889
Restructuring and Related Cost, Cost Incurred to Date		$ 15,217
Restructuring	3,172
Restructuring and Related Cost, Expected Cost Remaining	$ 1,500

Restructuring Related Balance S

Restructuring Related Balance Sheet Activity (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
Restructuring Cost and Reserve [Line Items]
Beginning balance, January 1, 2021	$ 72,626
Costs charged to expense	(1,788)
Cash payments	(14,657)
Cash receipts	2,007
Net assets disposed and impaired	(2,885)
Effect of change in exchange rates	(1,477)
Ending balance, June 30, 2021	53,826
Accrued Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Beginning balance, January 1, 2021	70,005
Costs charged to expense	(7,406)
Cash payments	(11,569)
Cash receipts	0
Net assets disposed and impaired	0
Effect of change in exchange rates	(1,465)
Ending balance, June 30, 2021	49,565
Asset Impairment and Net (Gain) Loss on Sale or Disposal [Member]
Restructuring Cost and Reserve [Line Items]
Beginning balance, January 1, 2021	0
Costs charged to expense	878
Cash payments	0
Cash receipts	2,007
Net assets disposed and impaired	(2,885)
Effect of change in exchange rates	0
Ending balance, June 30, 2021	0
Other Accrued Costs [Member]
Restructuring Cost and Reserve [Line Items]
Beginning balance, January 1, 2021	2,621
Costs charged to expense	4,740
Cash payments	(3,088)
Cash receipts	0
Net assets disposed and impaired	0
Effect of change in exchange rates	(12)
Ending balance, June 30, 2021	$ 4,261

Shareholders' Equity Narrative

Shareholders' Equity Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	Mar. 12, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Preferred stock, shares authorized (in share)		10,000,000			10,000,000		10,000,000
Preferred stock, no par value (in dollars per share)		$ 0			$ 0		$ 0
Preferred stock, shares issued (in shares)		0			0		0
Preferred stock, shares outstanding (in shares)		0			0		0
Derivative, notional amount			$ 84.1
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		400,000		900,000	500,000	800,000
Deferred tax assets, derivative instruments		$ 20.6	$ 20.6		$ 20.6
Convertible Debt Securities
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount			3,700,000
Common stock, conversion price (in dollars per share)			$ 126
Over-Allotment Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Sale of stock, number of shares issued in transaction	4,472,222
Sale of stock, consideration received on transaction	$ 389.4

Shareholders' Equity Accumulate

Shareholders' Equity Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 1,221,168	$ 840,273	$ 795,495	$ 800,815	$ 840,273	$ 800,815
OCI before reclassifications					(8,747)	(15,966)
Amounts reclassified from AOCI					2,101	52,811
Total other comprehensive income (loss), net of tax	5,137	(11,783)	62,056	(25,211)	(6,646)	36,845
Ending balance	1,200,658	1,221,168	802,869	795,495	1,200,658	802,869
Parent [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	1,196,466	816,548	770,740	776,538	816,548	776,538
Total other comprehensive income (loss), net of tax	5,137	(11,783)	62,056	(25,211)
Ending balance	1,175,278	1,196,466	777,799	770,740	1,175,278	777,799
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		(84,843)		(157,999)	(84,843)	(157,999)
OCI before reclassifications					(9,354)	(14,135)
Amounts reclassified from AOCI					0	52,088
Total other comprehensive income (loss), net of tax					(9,354)	37,953
Ending balance	(94,197)		(120,046)		(94,197)	(120,046)
Net Unrealized Gain (Loss) on Derivative Instruments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		(1,621)		(723)	(1,621)	(723)
OCI before reclassifications					607	(1,914)
Amounts reclassified from AOCI					701	(242)
Total other comprehensive income (loss), net of tax					1,308	(2,156)
Ending balance	(313)		(2,879)		(313)	(2,879)
Net Unrealized Gain (Loss) on Nonderivative Instruments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		(14,380)		(14,380)	(14,380)	(14,380)
OCI before reclassifications					0	0
Amounts reclassified from AOCI					0	0
Total other comprehensive income (loss), net of tax					0	0
Ending balance	(14,380)		(14,380)		(14,380)	(14,380)
Pension Benefit Obligation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		(37,682)		(31,570)	(37,682)	(31,570)
OCI before reclassifications					0	83
Amounts reclassified from AOCI					1,400	965
Total other comprehensive income (loss), net of tax					1,400	1,048
Ending balance	(36,282)		(30,522)		(36,282)	(30,522)
Accumulated Other Comprehensive Income (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		$ (138,526)		$ (204,672)	(138,526)	(204,672)
Ending balance	$ (145,172)		$ (167,827)		$ (145,172)	$ (167,827)

Shareholders' Equity Other Comp

Shareholders' Equity Other Comprehensive Income (Loss) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Before-tax amount [Abstract]
Foreign currency translation adjustment	$ 5,811,000	$ 10,685,000	$ (9,114,000)	$ (15,908,000)
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges	(2,802,000)	(2,331,000)	625,000	(2,341,000)
Net hedging (gain) loss reclassified to net income (loss)	1,582,000	832,000	1,168,000	(291,000)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment and Tax	0	(457,000)	0	81,000
Net defined benefit plan (gain) loss reclassified to net income (loss)	711,000	469,000	1,423,000	940,000
Total other comprehensive income (loss), before tax	5,302,000	61,286,000	(5,898,000)	34,569,000
Tax (provision) benefit [Abstract]
Foreign currency translation adjustment	(153,000)	625,000	(240,000)	1,773,000
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges	0	135,000	(18,000)	427,000
Net hedging (gain) loss reclassified to net income (loss)	0	(25,000)	(467,000)	49,000
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, Tax	0	6,000	0	2,000
Net defined benefit plan (gain) loss reclassified to net income (loss)	(12,000)	29,000	(23,000)	25,000
Total other comprehensive income (loss) tax (provision) benefit	(165,000)	770,000	(748,000)	2,276,000
Net-of-tax amount [Abstract]
Foreign currency translation adjustment	5,658,000	11,310,000	(9,354,000)	(14,135,000)
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges	(2,802,000)	(2,196,000)	607,000	(1,914,000)
Net hedging (gain) loss reclassified to net income (loss)	1,582,000	807,000	701,000	(242,000)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, after Tax	0	(451,000)	0	83,000
Net defined benefit plan (gain) loss reclassified to net income (loss)	699,000	498,000	1,400,000	965,000
Total other comprehensive income (loss), net of tax	5,137,000	62,056,000	(6,646,000)	36,845,000
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency translation adjustment	5,811,000	10,685,000	(9,114,000)	(15,908,000)
Foreign currency translation adjustment reclassified to net income (loss) on sale of business	0	52,088,000	0	52,088,000
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges	(2,802,000)	(2,331,000)	625,000	(2,341,000)
Gain (Loss) Reclassified from  AOCI into Income	(1,582,000)	(832,000)	(1,168,000)	291,000
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment and Tax	0	457,000	0	(81,000)
Net defined benefit plan (gain) loss reclassified to net income (loss)	711,000	469,000	1,423,000	940,000
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent	5,302,000	61,286,000	(5,898,000)	34,569,000
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	153,000	(625,000)	240,000	(1,773,000)
Foreign currency translation adjustment reclassified to net income (loss) on sale of business	0	0	0	0
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	0	(135,000)	18,000	(427,000)
Net hedging (gain) loss reclassified to net income (loss)	0	(25,000)	(467,000)	49,000
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, Tax	0	6,000	0	2,000
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, Tax	12,000	(29,000)	23,000	(25,000)
Other Comprehensive Income (Loss), Tax	165,000	(770,000)	748,000	(2,276,000)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	5,658,000	11,310,000	(9,354,000)	(14,135,000)
Unrealized gain (loss) on derivative instruments	(2,802,000)	(2,196,000)	607,000	(1,914,000)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax	(1,582,000)	(807,000)	(701,000)	242,000
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, after Tax	0	451,000	0	(83,000)
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, after Tax	699,000	498,000	1,400,000	965,000
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	$ 5,137,000	$ 62,056,000	$ (6,646,000)	$ 36,845,000

Schedule of Fair Values of Fina

Schedule of Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Apr. 08, 2021	Mar. 09, 2021	Dec. 31, 2020	Jan. 19, 2018	Dec. 22, 2017
Liabilities
Senior notes		$ 0	$ 410,000		$ 100,000	$ 300,000
USD Denominated Term Loan
Liabilities
USD denominated term loan	$ 31,094			$ 536,094
Line of Credit
Liabilities
Multicurrency revolving line of credit	0			0
Reported Value Measurement [Member]
Liabilities
Senior notes	0			388,311
Convertible Notes Payable	449,020			0
Reported Value Measurement [Member] | USD Denominated Term Loan
Liabilities
USD denominated term loan	30,014			532,625
Reported Value Measurement [Member] | Line of Credit
Liabilities
Multicurrency revolving line of credit	0			0
Estimate of Fair Value Measurement [Member]
Liabilities
Senior notes	0			410,000
Convertible Notes Payable	476,698			0
Estimate of Fair Value Measurement [Member] | USD Denominated Term Loan
Liabilities
USD denominated term loan, fair value	30,195			520,347
Estimate of Fair Value Measurement [Member] | Line of Credit
Liabilities
Multicurrency revolving line of credit, fair value	$ 0			$ 0

Segment Information Narrative (

Segment Information Narrative (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenue, Major Customer [Line Items]
Number of reportable segments		3
Sales | Customer Concentration Risk | Customer A [Member]
Revenue, Major Customer [Line Items]
Segment Reporting, Disclosure of Major Customers			one
Concentration Risk, Percentage	13.00%		12.00%

Information By Segment (Details

Information By Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Revenues	$ 489,412	$ 509,594	$ 1,008,986	$ 1,108,009
Gross profit	149,875	138,517	316,919	310,083
Operating income (loss)	(6,932)	(45,387)	24,008	(19,017)
Total other income (expense)	(25,729)	(12,299)	(38,428)	(21,957)
Loss before income taxes	(32,661)	(57,686)	(14,420)	(40,974)
Device Solutions
Segment Reporting Information [Line Items]
Revenues	162,967	129,165	335,748	331,444
Gross profit	30,452	11,948	62,748	44,315
Operating income (loss)	19,988	(1,120)	41,689	17,078
Networked Solutions Segment
Segment Reporting Information [Line Items]
Revenues	265,058	324,480	553,372	665,325
Gross profit	95,953	108,323	208,712	230,073
Operating income (loss)	64,630	77,382	143,921	166,062
Outcomes Segment [Member]
Segment Reporting Information [Line Items]
Revenues	61,387	55,949	119,866	111,240
Gross profit	23,470	18,246	45,459	35,695
Operating income (loss)	12,537	9,226	22,873	17,424
Corporate Unallocated [Member]
Segment Reporting Information [Line Items]
Operating income (loss)	(104,087)	(130,875)	(184,475)	(219,581)
Product [Member]
Segment Reporting Information [Line Items]
Revenues	411,719	438,985	854,523	967,122
Product [Member] | Device Solutions
Segment Reporting Information [Line Items]
Revenues	160,647	126,950	330,978	327,118
Product [Member] | Networked Solutions Segment
Segment Reporting Information [Line Items]
Revenues	235,167	300,351	493,870	615,788
Product [Member] | Outcomes Segment [Member]
Segment Reporting Information [Line Items]
Revenues	15,905	11,684	29,675	24,216
Service [Member]
Segment Reporting Information [Line Items]
Revenues	77,693	70,609	154,463	140,887
Service [Member] | Device Solutions
Segment Reporting Information [Line Items]
Revenues	2,320	2,215	4,770	4,326
Service [Member] | Networked Solutions Segment
Segment Reporting Information [Line Items]
Revenues	29,891	24,129	59,502	49,537
Service [Member] | Outcomes Segment [Member]
Segment Reporting Information [Line Items]
Revenues	$ 45,482	$ 44,265	$ 90,191	$ 87,024

Segment Information Revenues By

Segment Information Revenues By Region (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues from External Customers [Line Items]
Revenues	$ 489,412	$ 509,594	$ 1,008,986	$ 1,108,009
United States and Canada [Member]
Revenues from External Customers [Line Items]
Revenues	308,673	369,862	634,209	755,187
Europe, Middle East, and Africa [Member]
Revenues from External Customers [Line Items]
Revenues	150,851	107,799	311,220	274,783
Other [Member]
Revenues from External Customers [Line Items]
Revenues	$ 29,888	$ 31,933	$ 63,557	$ 78,039

Depreciation and Amortization,

Depreciation and Amortization, by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$ 21,109	$ 24,199	$ 42,919	$ 48,230
Corporate, Non-Segment [Member]
Property, Plant and Equipment [Line Items]
Depreciation and amortization	10,119	12,392	20,232	24,858
Device Solutions
Property, Plant and Equipment [Line Items]
Depreciation and amortization	5,609	6,062	11,797	12,497
Networked Solutions Segment
Property, Plant and Equipment [Line Items]
Depreciation and amortization	4,252	4,333	8,527	8,070
Outcomes Segment [Member]
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$ 1,129	$ 1,412	$ 2,363	$ 2,805

Revenue Recognition Revenue Con

Revenue Recognition Revenue Contract Assets and Liabilities Rollforward (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
Revenue Recognition and Deferred Revenue [Abstract]
Beginning balance, January 1, 2021	$ 98,388
Revenues recognized from beginning contract liability	(78,600)
Cumulative catch-up adjustments	10,169
Increases due to amounts collected or due	161,728
Revenues recognized from current period increases	(59,962)
Other	(141)
Ending balance, June 30, 2021	$ 131,582

Revenue Recognition Narrative (

Revenue Recognition Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Revenue Recognition and Deferred Revenue [Abstract]
Contract with customer, asset, gross	$ 33.2	$ 49.8
Contract with customer, liability	$ 164.8	$ 148.2

Revenue Recognition Remaing Per

Revenue Recognition Remaing Performance Obligation (Details) $ in Millions	Jun. 30, 2021USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 1,200
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 1,600
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year

Sale of Business - Narrative (D

Sale of Business - Narrative (Details)	Jun. 25, 2020numberOfSubsidiaries	Jun. 30, 2021USD ($)	Mar. 31, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Foreign Currency Translation Gains (Losses)		$ 0		$ 52,088,000	$ 0	$ 52,088,000
Disposal Group, Including Discontinued, Interest Received					700,000
Loss on sale of business		$ 24,711,000		56,915,000	26,103,000	$ 56,915,000
Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of subsidiaries sold | numberOfSubsidiaries	5
Disposal Group, Including Discontinued Operation, Sales Price				35,000,000
Disposal Group, Including Discontinued Operation, Working Capital			$ 18,400,000	21,100,000
Cash outflow at closing				$ 4,500,000
Disposal Group, Including Discontinued Operation, Foreign Currency Translation Gains (Losses)					(24,700,000)
Payments received from disposal					$ 3,800,000