Itron (ITRI) 10-Q 4 Aug 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2022	Aug. 01, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	000-22418
Entity Registrant Name	ITRON, INC.
Entity Incorporation, State or Country Code	WA
Entity Tax Identification Number	91-1011792
Entity Address, Address Line One	2111 N Molter Road
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
Title of 12(b) Security	Common stock, no par value
Trading Symbol	ITRI
Security Exchange Name	NASDAQ
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
Entity Common Stock, Shares Outstanding		45,138,651
Entity Central Index Key	0000780571
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
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, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues
Revenues	$ 431,882	$ 489,412	$ 907,213	$ 1,008,986
Cost of revenues
Cost of revenues	305,777	339,537	645,884	692,067
Gross profit	126,105	149,875	261,329	316,919
Operating expenses
Sales, general and administrative	72,877	74,144	149,278	150,136
Research and development	45,055	48,763	94,651	100,490
Amortization of intangible assets	6,485	8,997	13,038	17,970
Restructuring	(3,459)	192	(9,825)	(1,788)
Loss on sale of business	194	24,711	2,415	26,103
Goodwill impairment	38,480	0	38,480	0
Total operating expenses	159,632	156,807	288,037	292,911
Operating income (loss)	(33,527)	(6,932)	(26,708)	24,008
Other income (expense)
Interest income	349	432	566	974
Interest expense	(1,660)	(14,004)	(3,252)	(24,479)
Other income (expense), net	(1,386)	(12,157)	(2,075)	(14,923)
Total other income (expense)	(2,697)	(25,729)	(4,761)	(38,428)
Loss before income taxes	(36,224)	(32,661)	(31,469)	(14,420)
Income tax benefit (provision)	(641)	216	(4,500)	(4,445)
Net loss	(36,865)	(32,445)	(35,969)	(18,865)
Net income attributable to noncontrolling interests	102	678	92	1,655
Net loss attributable to Itron, Inc.	$ (36,967)	$ (33,123)	$ (36,061)	$ (20,520)
Earnings (loss) per common share - Basic (in dollars per share)	$ (0.82)	$ (0.73)	$ (0.80)	$ (0.47)
Earnings (loss) per common share - Diluted (in dollars per share)	$ (0.82)	$ (0.73)	$ (0.80)	$ (0.47)
Weighted average common shares outstanding - Basic (in shares)	45,066	45,142	45,042	43,344
Weighted average common shares outstanding - Diluted (in shares)	45,066	45,142	45,042	43,344
Product [Member]
Revenues
Revenues	$ 359,898	$ 411,719	$ 759,708	$ 854,523
Cost of revenues
Cost of revenues	265,278	295,064	560,098	602,755
Service [Member]
Revenues
Revenues	71,984	77,693	147,505	154,463
Cost of revenues
Cost of revenues	$ 40,499	$ 44,473	$ 85,786	$ 89,312

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (36,865)	$ (32,445)	$ (35,969)	$ (18,865)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(20,628)	5,658	(27,519)	(9,354)
Foreign currency translation adjustment reclassified to net income for sale of business	0	0	55,436	0
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges	0	(1,220)	0	1,308
Pension benefit obligation adjustment	206	699	4,476	1,400
Total other comprehensive income (loss), net of tax	(20,422)	5,137	32,393	(6,646)
Total comprehensive income (loss), net of tax	(57,287)	(27,308)	(3,576)	(25,511)
Comprehensive income attributable to noncontrolling interests, net of tax	102	678	92	1,655
Comprehensive income (loss) attributable to Itron, Inc.	$ (57,389)	$ (27,986)	$ (3,668)	$ (27,166)

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 208,500	$ 162,579
Accounts receivable, net	259,657	298,459
Inventories	174,522	165,799
Other current assets	113,409	123,092
Total current assets	756,088	749,929
Property, plant, and equipment, net	150,663	163,184
Deferred tax assets, net	187,178	181,472
Other long-term assets	41,395	42,178
Operating lease right-of-use assets, net	58,083	65,523
Intangible assets, net	78,030	92,529
Goodwill	1,036,160	1,098,975
Total assets	2,307,597	2,393,790
Current liabilities
Accounts payable	169,368	193,129
Other current liabilities	52,102	81,253
Wages and benefits payable	88,933	113,532
Taxes payable	13,371	12,208
Current portion of warranty	17,378	18,406
Unearned revenue	120,038	82,816
Total current liabilities	461,190	501,344
Long-term debt, net	451,369	450,228
Long-term warranty	11,331	13,616
Pension benefit obligation	77,396	87,863
Deferred tax liabilities, net	1,849	2,000
Operating lease liabilities	50,082	57,314
Other long-term obligations	121,280	138,666
Total liabilities	1,174,497	1,251,031
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, 45,070 and 45,152 shares issued and outstanding	1,777,476	1,779,775
Accumulated other comprehensive loss, net	(115,705)	(148,098)
Accumulated deficit	(551,661)	(515,600)
Total Itron, Inc. shareholders' equity	1,110,110	1,116,077
Noncontrolling interests	22,990	26,682
Total equity	1,133,100	1,142,759
Total liabilities and equity	$ 2,307,597	$ 2,393,790

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
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
Common stock, shares authorized (in shares)	75,000,000	75,000,000
Common stock, shares issued (in shares)	45,070,000	45,152,000
Common stock, shares outstanding (in shares)	45,070,000	45,152,000

Consolidated Statements of Equi

Consolidated Statements of Equity Statement - USD ($) shares in Thousands, $ in Thousands	Total	Parent [Member]	Parent [Member] SIlver Spring Networks, Inc. [Member]	Common Stock [Member]	Common Stock Including Additional Paid in Capital [Member]	Common Stock Including Additional Paid in Capital [Member] SIlver Spring Networks, Inc. [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]
Beginning balance (in shares) at Dec. 31, 2020				40,444
Beginning balance at Dec. 31, 2020	$ 840,273	$ 816,548			$ 1,389,419		$ (138,526)	$ (434,345)	$ 23,725
Increase (Decrease) in Stockholders' Equity [Roll Forward]
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)
Ending balance at Mar. 31, 2021	1,221,168	1,196,466			1,768,517		(150,309)	(421,742)	24,702
Ending balance (in shares) at Mar. 31, 2021				45,122
Beginning balance (in shares) at Dec. 31, 2020				40,444
Beginning balance at Dec. 31, 2020	840,273	816,548			1,389,419		(138,526)	(434,345)	23,725
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(18,865)
Other comprehensive income (loss), net of tax	(6,646)
Ending balance at Jun. 30, 2021	1,200,658	1,175,278			1,775,315		(145,172)	(454,865)	25,380
Ending balance (in shares) at Jun. 30, 2021				45,150
Beginning balance (in shares) at Mar. 31, 2021				45,122
Beginning balance at Mar. 31, 2021	1,221,168	1,196,466			1,768,517		(150,309)	(421,742)	24,702
Increase (Decrease) in Stockholders' Equity [Roll Forward]
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
Ending balance at Jun. 30, 2021	$ 1,200,658	1,175,278			1,775,315		(145,172)	(454,865)	25,380
Ending balance (in shares) at Jun. 30, 2021				45,150
Beginning balance (in shares) at Dec. 31, 2021	45,152			45,152
Beginning balance at Dec. 31, 2021	$ 1,142,759	1,116,077			1,779,775		(148,098)	(515,600)	26,682
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	896	906						906	(10)
Other comprehensive income (loss), net of tax	52,815	52,815					52,815
Net stock issuance and repurchases (in shares)				165
Net stock issued and repurchased	784	784			784
Stock-based compensation expense	$ 6,127	6,127			6,127
Stock repurchased during period (in shares)	(280)
Stock Repurchased During Period, Value	$ 16,629	16,629			16,629
Ending balance at Mar. 31, 2022	$ 1,186,752	1,160,080			1,770,057		(95,283)	(514,694)	26,672
Ending balance (in shares) at Mar. 31, 2022				45,037
Beginning balance (in shares) at Dec. 31, 2021	45,152			45,152
Beginning balance at Dec. 31, 2021	$ 1,142,759	1,116,077			1,779,775		(148,098)	(515,600)	26,682
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(35,969)
Other comprehensive income (loss), net of tax	32,393
Ending balance at Jun. 30, 2022	$ 1,133,100	1,110,110			1,777,476		(115,705)	(551,661)	22,990
Ending balance (in shares) at Jun. 30, 2022	45,070			45,070
Beginning balance (in shares) at Mar. 31, 2022				45,037
Beginning balance at Mar. 31, 2022	$ 1,186,752	1,160,080			1,770,057		(95,283)	(514,694)	26,672
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(36,865)	(36,967)						(36,967)	102
Other comprehensive income (loss), net of tax	(20,422)	(20,422)					(20,422)
Distributions to noncontrolling interests	(3,784)
Net stock issuance and repurchases (in shares)				33
Net stock issued and repurchased	1,014	1,014			1,014
Stock-based compensation expense	6,405	6,405			6,405
Ending balance at Jun. 30, 2022	$ 1,133,100	$ 1,110,110			$ 1,777,476		$ (115,705)	$ (551,661)	$ 22,990
Ending balance (in shares) at Jun. 30, 2022	45,070			45,070

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating activities
Net loss	$ (35,969)	$ (18,865)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization of intangible assets	33,251	42,919
Non-cash operating lease expense	8,234	8,647
Stock-based compensation	12,532	12,586
Amortization of prepaid debt fees	1,720	4,315
Deferred taxes, net	(4,061)	(2,942)
Loss on sale of business	2,415	26,103
Loss on extinguishment of debt, net	0	10,000
Goodwill impairment	38,480	0
Restructuring, non-cash	(817)	878
Other adjustments, net	194	13,913
Changes in operating assets and liabilities, net of acquisition and sale of business:
Accounts receivable	28,924	29,549
Inventories	(13,592)	70
Other current assets	(10,688)	22,164
Other long-term assets	(3,134)	6,207
Accounts payable, other current liabilities, and taxes payable	(24,604)	(43,115)
Wages and benefits payable	(22,264)	17,815
Unearned revenue	36,093	17,106
Warranty	(2,501)	(4,744)
Other operating, net	(21,557)	(19,926)
Net cash provided by operating activities	22,656	122,680
Investing activities
Proceeds from divestiture of businesses	55,933	3,142
Acquisitions of property, plant, and equipment	(10,663)	(20,476)
Business acquisitions, net of cash and cash equivalents acquired	23	0
Other investing, net	1,722	2,819
Net cash provided by (used in) investing activities	47,015	(14,515)
Financing activities
Proceeds from borrowings	0	460,000
Payments on debt	0	(915,000)
Issuance of common stock	1,797	3,255
Proceeds from common stock offering	0	389,419
Proceeds from sale of warrants	0	45,349
Purchases of convertible note hedge contracts	0	(84,139)
Repurchase of common stock	(16,972)	0
Prepaid debt fees	(695)	(12,021)
Other financing, net	(4,206)	4,993
Net cash used in financing activities	(20,076)	(108,144)
Effect of foreign exchange rate changes on cash and cash equivalents	(3,674)	177
Increase in cash and cash equivalents	45,921	198
Cash and cash equivalents at beginning of period	162,579	206,933
Cash and cash equivalents at end of period	208,500	207,131
Supplemental disclosure of cash flow information:
Income taxes, net	7,062	3,033
Interest	$ 717	$ 7,845

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
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, 2022 and 2021, Consolidated Statements of Equity for the three months ended June 30, 2022 and 2021 and March 31, 2022 and 2021, the Consolidated Statements of Cash Flows for the six months ended June 30, 2022 and 2021, and the Consolidated Balance Sheets as of June 30, 2022 and December 31, 2021, 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, 2022 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, 2021 filed with the SEC in our Annual Report on Form 10-K on February 28, 2022 (2021 Annual Report). There have been no significant changes in financial statement preparation or significant accounting policies since December 31, 2021. 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 the initial months of the pandemic 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 2022. 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 have manifested across a variety of areas including mechanical, electrical, and logistics portions of the supply chain, which has impacted our ability to ship products in a timely manner. In particular, our ability to obtain adequate supply of semiconductor components has impacted our ability to service recovering customer demand. While we believe the current imbalance in supply and demand is temporal, the timeline to recovery is uncertain. Efforts are ongoing with suppliers to increase supply, including the approval of alternate sources. Recently, inflation in our raw materials and component costs, freight charges, and labor costs have increased above historical levels, due to, among other things, the continuing impacts of the pandemic and uncertain economic environment. We may or may not be able to fully recover these increased costs through pricing actions with our customers. At this time, we have not identified any significant decrease in long-term customer demand for our products and services. However, certain of our customer projects have experienced delay in deliveries, with revenue originally forecasted in prior periods shifting to future periods. Recently Adopted Accounting Standards In May 2021, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2021-04 amending Earnings Per Share (Topic 260), Debt-Modifications and Extinguishments (Subtopic 470-50), Compensation - Stock Compensation (Topic 718), and Derivatives and Hedging - Contracts in Entity's Own Equity (Subtopic 815-40). The amendment affects entities when a freestanding equity-classified written call option is modified or exchanged and remains equity classified after the modification or exchange. We adopted this amendment as of the effective date of January 1, 2022. The adoption of this amendment did not have a material impact on our financial statements. In July 2021, the FASB issued ASU 2021-05, Leases (Topic 842): Lessors-Certain Leases with Variable Lease Payments . The amendments in this Update modify the lease classification requirements for lessors to align them with practice under Topic 840, particularly in the area of day-one loss accounting. Lessors should classify and account for a lease with variable lease payments that do not depend on a reference index or a rate as an operating lease if certain criteria are met. The effective date for this amendment was January 1, 2022. The adoption of this amendment did not have a material impact on our financial statements. In November 2021, the FASB issued ASU 2021-10 amending Government Assistance: ( Topic 832) . The FASB issued this Update to increase the transparency of government assistance including the disclosure of (1) the types of assistance, (2) an entity's accounting for the assistance, and (3) the effect of the assistance on an entity's financial statements. The effective date for this amendment was January 1, 2022. The adoption of this amendment did not have a material impact on our financial statements. Recent Accounting Standards Not Yet Adopted In October 2021, the FASB issued ASU 2021-08 amending Business Combination: ( Topic 805), which was necessary due to 2014-09, Revenue from Contracts with Customers (Topic 606). The FASB issued this Update to improve the accounting for acquired revenue contracts with customers in a business combination by addressing diversity in practice and inconsistency related to (1) recognition of an acquired contract liability and (2) payment terms and their effect on subsequent revenue recognized by the acquirer. The effective date for this amendment is January 1, 2023 and all interim periods thereafter. These amendments are to be applied prospectively to business combinations occurring on or after the effective date of the amendments. We currently plan to apply the practical expedients as needed for any future acquisitions. The practical expedients cover contracts that were modified prior to acquisition date as well as determining which date an acquirer would have to determine the standalone selling price of each performance obligation in an acquired contract.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2022
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 2022 2021 2022 2021 Net loss available to common shareholders $ (36,967) $ (33,123) $ (36,061) $ (20,520) Weighted average common shares outstanding - Basic 45,066 45,142 45,042 43,344 Dilutive effect of stock-based awards — — — — Dilutive effect of convertible notes — — — — Weighted average common shares outstanding - Diluted 45,066 45,142 45,042 43,344 Net loss per common share - Basic $ (0.82) $ (0.73) $ (0.80) $ (0.47) Net loss per common share - Diluted $ (0.82) $ (0.73) $ (0.80) $ (0.47) 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 0.9 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, 2022 because they were anti-dilutive. 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. 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 were converted. The average closing prices of our common stock for the quarter ended June 30, 2022 were used as the basis for determining the dilutive effect on EPS. The quarterly average closing prices for our common stock did not exceed the conversion price of $126.00, and therefore 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, 2022, the quarterly average closing prices of our common stock did not exceed 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). 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, 2022
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, 2022 December 31, 2021 Trade receivables (net of allowance of $5,630 and $5,730) $ 222,537 $ 261,124 Unbilled receivables 37,120 37,335 Total accounts receivable, net $ 259,657 $ 298,459 Allowance for credit losses account activity Three Months Ended June 30, Six Months Ended June 30, In thousands 2022 2021 2022 2021 Beginning balance $ 5,598 $ 1,136 $ 5,730 $ 1,312 Provision for (release of) doubtful accounts, net 619 25 518 (42) Accounts recovered (written-off), net (322) (63) (244) (142) Effect of change in exchange rates (265) 9 (374) (21) Ending balance $ 5,630 $ 1,107 $ 5,630 $ 1,107 Inventories In thousands June 30, 2022 December 31, 2021 Raw materials $ 138,519 $ 122,434 Work in process 6,272 7,856 Finished goods 29,731 35,509 Total inventories $ 174,522 $ 165,799 Property, plant, and equipment, net In thousands June 30, 2022 December 31, 2021 Machinery and equipment $ 299,761 $ 314,502 Computers and software 112,470 111,540 Buildings, furniture, and improvements 134,272 131,764 Land 10,270 8,952 Construction in progress, including purchased equipment 29,832 39,527 Total cost 586,605 606,285 Accumulated depreciation (435,942) (443,101) Property, plant, and equipment, net $ 150,663 $ 163,184 Depreciation expense Three Months Ended June 30, Six Months Ended June 30, In thousands 2022 2021 2022 2021 Depreciation expense $ 9,929 $ 12,112 $ 20,213 $ 24,949

Intangible Assets and Liabiliti

Intangible Assets and Liabilities	6 Months Ended
	Jun. 30, 2022
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, 2022 December 31, 2021 In thousands Gross Accumulated Net Gross Accumulated Net Intangible Assets Core-developed technology $ 499,042 $ (489,108) $ 9,934 $ 505,429 $ (491,047) $ 14,382 Customer contracts and relationships 322,882 (257,302) 65,580 336,421 (261,043) 75,378 Trademarks and trade names 72,175 (69,938) 2,237 74,551 (72,133) 2,418 Other 12,017 (11,738) 279 12,021 (11,670) 351 Total intangible assets $ 906,116 $ (828,086) $ 78,030 $ 928,422 $ (835,893) $ 92,529 Intangible Liabilities Customer contracts and relationships $ (23,900) $ 23,670 $ (230) $ (23,900) $ 23,441 $ (459) A summary of intangible assets and liabilities activity is as follows: Six Months Ended June 30, In thousands 2022 2021 Intangible assets, gross beginning balance $ 928,422 $ 1,000,037 Effect of change in exchange rates (22,306) (9,082) Intangible assets, gross ending balance $ 906,116 $ 990,955 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. Estimated future annual amortization (accretion) is as follows: Year Ending December 31, Amortization Accretion Estimated Annual Amortization, net In thousands 2022 (amount remaining at June 30, 2022) $ 13,140 $ (230) $ 12,910 2023 18,967 — 18,967 2024 15,032 — 15,032 2025 14,300 — 14,300 2026 10,303 — 10,303 Thereafter 6,288 — 6,288 Total intangible assets subject to amortization (accretion) $ 78,030 $ (230) $ 77,800

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2022
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, 2022: In thousands Device Solutions Networked Solutions Outcomes Total Company Goodwill balance at January 1, 2022 $ 39,377 $ 918,005 $ 141,593 $ 1,098,975 Adjustment to goodwill acquired — (23) — (23) Goodwill impairment (38,480) — — (38,480) Effect of change in exchange rates (897) (20,318) (3,097) (24,312) Goodwill balance at June 30, 2022 $ — $ 897,664 $ 138,496 $ 1,036,160 On October 12, 2021, we acquired SELC Group Limited (SELC), from Sensus Metering Systems (LUXCO3) S.ár.l. During the six months ended June 30, 2022, an adjustment was recorded to the goodwill acquired. As the result of increases in raw material, component, labor and other costs, coupled with a decrease in forecasted revenue within the Device Solutions operating segment and reporting unit, which we determined during the second quarter of 2022, we performed an interim goodwill impairment test. At the conclusion of the test, a goodwill impairment of $38.5 million was recognized in our Corporate unallocated segment as of June 30, 2022. No interim impairment test was determined to be necessary for the Networked Solutions or Outcomes reporting units. Refer to Note 1: Summary of Significant Accounting Policies in Part II, Item 8: Financial Statements and Supplementary Data of our Annual Report on Form 10-K for the fiscal year ended December 31, 2021 for a description of our reporting units and our method used to determine the fair values of our reporting units and to determine the amount of any goodwill impairment.

Debt

Debt	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Debt	Debt The components of our borrowings were as follows: In thousands June 30, 2022 December 31, 2021 Credit facility Multicurrency revolving line of credit $ — $ — Convertible notes 460,000 460,000 Total debt 460,000 460,000 Less: unamortized prepaid debt fees - convertible notes 8,631 9,772 Long-term debt, net $ 451,369 $ 450,228 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 Note Hedge Transactions and Warrant Transactions and also to adjust certain settlement provisions for convertible indebtedness. Refer to Note 7: Derivative Financial Instruments for further details of the Convertible Note Hedge Transactions and Warrant Transactions. On February 25, 2022, we entered into a fourth amendment to our 2018 credit facility, which modifies to allow for the addback of non-cash expenses related to restructuring charges incurred during the quarter ended December 31, 2021 and also adjusts the maximum total net leverage ratio thresholds for the period beginning with the first quarter of 2022 through the fourth quarter of 2022 to allow for increased operational flexibility. The maximum leverage ratio is increased to 4.75:1 for the first through third quarters of 2022 and 4.50:1 for the fourth quarter of 2022. The 2018 credit facility permits us and certain of our foreign subsidiaries to borrow in U.S. dollars, euros, 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, 2022. 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, 2022, there were no outstanding loan balances under the Credit Facility, and $64.7 million was utilized by outstanding standby letters of credit, resulting in $435.3 million available for additional borrowings or standby letters of credit within the revolver. At June 30, 2022, $235.3 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. 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 Convertible 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 long-term debt in aggregate over the next five years is as follows: Year Ending December 31, Minimum Payments In thousands 2022 (amount remaining at June 30, 2022) $ — 2023 — 2024 — 2025 — 2026 460,000 Thereafter — Total minimum payments on debt $ 460,000

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2022
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, 2022 December 31, 2021 Derivatives not designated as hedging instruments under ASC 815-20 In thousands Foreign exchange forward contracts Other current assets $ 107 $ 37 Total asset derivatives $ 107 $ 37 Derivatives Liabilities Derivatives not designated as hedging instruments under ASC 815-20 Foreign exchange forward contracts Other current liabilities $ 157 $ 135 Total liability derivatives $ 157 $ 135 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 2022 2021 Net unrealized loss on hedging instruments at January 1, $ (14,590) $ (16,001) Unrealized gain (loss) on derivative instruments — 607 Realized (gains) losses reclassified into net income (loss) — 701 Net unrealized loss on hedging instruments at June 30, $ (14,590) $ (14,693) 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, 2022 and 2021 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, 2022 $ 107 $ (98) $ — $ 9 December 31, 2021 37 (37) — — 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, 2022 $ 157 $ (98) $ — $ 59 December 31, 2021 135 (37) — 98 Our derivative assets and liabilities subject to netting arrangements include foreign exchange forward and interest rate contracts with three counterparties at June 30, 2022 and three counterparties at December 31, 2021. No derivative asset or liability balance with any of our counterparties was individually significant at June 30, 2022 or December 31, 2021. 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 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 $76.5 million at a cost of $1.1 million. The contracts matured ratably through the year with final maturity occurring in October 2021. Changes in the fair values of the option contracts are recognized as a component of other comprehensive income (OCI) and are recognized in product cost of revenues when the hedged item affects earnings. We have not entered into any similar arrangements in 2022. 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 2022 2021 2022 2021 Three Months Ended June 30, Foreign exchange options $ — $ (1,058) Product cost of revenues $ — $ (8) Cross currency swap contract — (1,744) Interest expense — 24 Cross currency swap contract — — Other income (expense), net — (1,598) Six Months Ended June 30, Interest rate swap contract $ — $ 73 Interest expense $ — $ (229) Interest rate swap contract — — Other income (expense), net — (1,681) Foreign exchange options — (111) Product cost of revenues — (8) Cross currency swap contract — 669 Interest expense — 94 Cross currency swap contract — — Other income (expense), net — 656 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, 2022, a total of 36 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 $111,352 to $57.7 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 2022 2021 Three Months Ended June 30, Foreign exchange forward contracts Other income (expense), net $ 118 $ (494) Six Months Ended June 30, Foreign exchange forward contracts Other income (expense), net $ (39) $ (463) 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 Accounting Standards Codification (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 Convertible 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, therefore the warrants are not revalued after issuance.

Defined Benefit Pension Plans

Defined Benefit Pension Plans	6 Months Ended
	Jun. 30, 2022
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, 2021. Amounts recognized on the Consolidated Balance Sheets consist of: In thousands June 30, 2022 December 31, 2021 Liabilities Current portion of pension benefit obligation in wages and benefits payable $ 3,393 $ 3,088 Pension benefit obligation held for sale within other current liabilities — 11,513 Long-term portion of pension benefit obligation 77,396 87,863 Pension benefit obligation, net $ 80,789 $ 102,464 On November 2, 2021, Itron entered into an agreement to sell certain of its Gas device businesses and operations to Dresser Utility Solutions (Dresser) . The related disposal group was classified as held for sale during the fourth quarter of 2021. The disposal group was removed from our balance sheet when the transaction closed on February 28, 2022. Refer to Note 17: Sale of Business for additional information on the transaction. 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 2022 2021 2022 2021 Service cost $ 708 $ 1,102 $ 1,502 $ 2,251 Interest cost 423 349 866 701 Expected return on plan assets (80) (88) (163) (177) Amortization of prior service costs 18 17 36 34 Amortization of actuarial net loss 196 694 431 1,389 Net periodic benefit cost $ 1,265 $ 2,074 $ 2,672 $ 4,198

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2022
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation We grant stock-based compensation awards, including restricted stock units, phantom stock, and unrestricted stock units, under the Second Amended and Restated 2010 Stock Incentive Plan (Stock Incentive Plan). Prior to December 31, 2020, stock options were also granted as part of the stock-based compensation awards. 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. At June 30, 2022, 4,650,545 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 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 108,827 shares of common stock were available for future issuance at June 30, 2022. 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, 2022 and 2021. 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 2022 2021 2022 2021 Stock options $ 278 $ 371 $ 562 $ 711 Restricted stock units 5,869 5,511 11,453 11,442 Unrestricted stock awards 258 206 517 433 Phantom stock units 582 1,225 772 2,342 Total stock-based compensation $ 6,987 $ 7,313 $ 13,304 $ 14,928 Related tax benefit $ 1,434 $ 1,318 $ 2,803 $ 2,681 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, 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 Outstanding, January 1, 2022 393 $ 61.18 5.9 $ 4,737 Granted — — $ — Exercised — — — Forfeited (2) 87.27 Canceled (8) 78.84 Outstanding, June 30, 2022 383 $ 60.69 5.4 $ 1,729 Exercisable, June 30, 2022 333 $ 57.95 5.0 $ 1,729 At June 30, 2022, total unrecognized stock-based compensation expense related to nonvested stock options was $0.4 million, which is expected to be recognized over a weighted average period of approximately 0.7 years. Restricted Stock Units The following table summarizes restricted stock unit activity: In thousands, except fair value Number of Weighted Aggregate Outstanding, January 1, 2021 544 Granted 203 $ 98.94 Released (1) (194) $ 19,474 Forfeited (33) Outstanding, June 30, 2021 520 Outstanding, January 1, 2022 430 $ 85.77 Granted 356 53.47 Released (1) (157) 85.78 $ 8,430 Forfeited (45) 73.03 Outstanding, June 30, 2022 584 67.15 Vested but not released, June 30, 2022 11 $ 567 (1) Shares released is presented as gross shares and does not reflect shares withheld by us for employee payroll tax obligations. At June 30, 2022, total unrecognized compensation expense on restricted stock units was $32.1 million, which is expected to be recognized over a weighted average period of approximately 1.8 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, 2022 2021 Expected volatility 55.7 % 50.5 % Risk-free interest rate 1.7 % 0.2 % Expected term (years) 2.9 2.9 Weighted average fair value $ 57.88 $ 113.75

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
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, as well as significant unusual or infrequently occurring items that are separately reported, are excluded from the annual effective tax rate. Our tax rate for the three and six months ended June 30, 2022 of (2)% and (14)%, respectively, differed from the federal statutory rate of 21% due to the impact of valuation allowances on deferred tax assets, the forecasted mix of earnings in domestic and international jurisdictions, GILTI (Global Intangible Low-Taxed Income) and Subpart F tax, net of Section 250 deduction (largely driven by research and development capitalization), discrete tax expense related to the Dresser divestiture, a discrete tax benefit due to goodwill impairment, an expense related to stock-based compensation, tax credits, and uncertain tax positions. 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 sales 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. Beginning January 1, 2022, the Tax Cuts and Jobs Act of 2017 eliminates the option to deduct research and development expenditures currently and requires taxpayers to capitalize and amortize them over five or fifteen years. Although Congress is considering legislation that would defer the capitalization and amortization requirement, there is no assurance that the provision will be repealed or otherwise modified. As a result of research and development conducted outside of the U.S., we expect additional GILTI (Global Intangible Low-Taxed Income) tax, net of Section 250 deduction for 2022. The income tax provision has been prepared according to this currently enacted tax legislation, but a change in tax law with regards to capitalization of research and development expenditures would have a material beneficial impact on our annual effective tax rate. 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 2022 2021 2022 2021 Net interest and penalties expense $ 446 $ 188 $ 616 $ (42) Accrued interest and penalties recognized were as follows: In thousands June 30, 2022 December 31, 2021 Accrued interest $ 3,407 $ 2,964 Accrued penalties 712 747 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, 2022 December 31, 2021 Unrecognized tax benefits related to uncertain tax positions $ 139,214 $ 139,529 The amount of unrecognized tax benefits that, if recognized, would affect our effective tax rate 139,207 139,503 At June 30, 2022, 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 also provides employer payroll tax credits for wages paid to employees who are unable to work during the COVID-19 outbreak and options to defer payroll tax payments. The Company has elected to defer remittances of payroll and other taxes into the future as provided for under the Act.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
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, 2022 December 31, 2021 Credit facility Multicurrency revolving line of credit $ 500,000 $ 500,000 Standby LOCs issued and outstanding (64,651) (64,374) Net available for additional borrowings under the multicurrency revolving line of credit $ 435,349 $ 435,626 Net available for additional standby LOCs under sub-facility $ 235,349 $ 235,626 Unsecured multicurrency revolving lines of credit with various financial institutions Multicurrency revolving lines of credit $ 101,168 $ 94,845 Standby LOCs issued and outstanding (10,989) (19,957) Short-term borrowings — — Net available for additional borrowings and LOCs $ 90,179 $ 74,888 Unsecured surety bonds in force $ 277,216 $ 281,270 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 4, 2022, we do not believe any outstanding standby LOCs or bonds 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 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 2022 2021 2022 2021 Beginning balance $ 30,835 $ 39,334 $ 32,022 $ 41,390 New product warranties 968 900 2,434 1,686 Other adjustments and expirations, net (107) (683) (65) 1,606 Claims activity (2,338) (3,515) (4,772) (7,884) Effect of change in exchange rates (649) 174 (910) (588) Ending balance 28,709 36,210 28,709 36,210 Less: current portion of warranty 17,378 20,299 17,378 20,299 Long-term warranty $ 11,331 $ 15,911 $ 11,331 $ 15,911 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 2022 2021 2022 2021 Total warranty expense $ 861 $ 217 $ 2,369 $ 3,292

Restructuring (Notes)

Restructuring (Notes)	6 Months Ended
	Jun. 30, 2022
Restructuring and Related Activities [Abstract]
Restructuring	2021 Projects On October 29, 2021, our Board of Directors approved a restructuring plan (the 2021 Projects), which in conjunction with the announcement of the sale of certain of our Gas device manufacturing operations (refer to Note 17: Sale of Business ), includes activities to drive reductions in certain locations and functional support areas. These projects are to be substantially complete by the end of 2024. Certain of Itron's employees are represented by unions or works councils, which requires consultation, and potential restructuring projects may be subject to regulatory approval, both of which could impact the timing of planned savings in certain jurisdictions. The total expected restructuring costs, the restructuring costs recognized, and the remaining expected restructuring costs related to the 2021 Projects were as follows: In thousands Total Expected Costs at June 30, 2022 Costs Recognized in Prior Periods Cost Recognized During the Six Months Ended June 30, 2022 Expected Remaining Costs to be Recognized at June 30, 2022 Employee severance costs $ 41,876 $ 49,013 $ (7,137) $ — Asset impairments & net loss (gain) on sale or disposal 8,433 9,246 (813) — Other restructuring costs 5,507 2,452 430 2,625 Total $ 55,816 $ 60,711 $ (7,520) $ 2,625 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. Certain of Itron's employees are represented by unions or works councils, which requires consultation, and potential restructuring projects may be subject to regulatory approval, both of which could impact the timing of 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, 2022 Costs Recognized in Prior Periods Cost Recognized During the Six Months Ended June 30, 2022 Expected Remaining Costs to be Recognized at June 30, 2022 Employee severance costs $ 21,753 $ 24,532 $ (2,779) $ — Asset impairments & net loss (gain) on sale or disposal 6,438 6,442 (4) — Other restructuring costs 7,540 6,170 478 892 Total $ 35,731 $ 37,144 $ (2,305) $ 892 The following table summarizes the activity within the restructuring-related balance sheet accounts for the 2021 Projects and 2020 Projects during the six months ended June 30, 2022: In thousands Accrued Employee Severance Asset Impairments & Net Loss (Gain) on Sale or Disposal Other Accrued Costs Total Beginning balance, $ 79,876 $ — $ 5,130 $ 85,006 Costs charged to expense (9,916) (817) 908 (9,825) Cash payments (8,651) — (2,388) (11,039) Cash receipts — 1,154 — 1,154 Net assets disposed and impaired — (337) — (337) Effect of change in exchange rates (4,462) — (178) (4,640) Ending balance, June 30, 2022 $ 56,847 $ — $ 3,472 $ 60,319 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.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2022
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, 2022 or December 31, 2021. Stock Repurchase Authorization Effective November 1, 2021, Itron's Board of Directors authorized a share repurchase up to $100 million of our common stock over an 18-month period (the 2021 Stock Repurchase Program). Repurchases are made in the open market or in privately negotiated transactions, and in accordance with applicable securities laws. During the first quarter of 2022, we repurchased 279,968 shares of our common stock under the 2021 Stock Repurchase Program. The average price paid per share was $60.60 (excluding commissions) for total of $17.0 million. No shares were repurchased during the second quarter of 2022. Following the announcement of the program and through June 30, 2022, we repurchased 405,282 shares at an average share price of $61.67 (excluding commissions) for a total of $25.0 million. 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, 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 Convertible 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, 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) Balances at January 1, 2022 $ (111,766) $ (210) $ (14,380) $ (21,742) $ (148,098) OCI before reclassifications (27,519) — — 4,189 (23,330) Amounts reclassified from AOCI 55,436 — — 287 55,723 Total other comprehensive income (loss) 27,917 — — 4,476 32,393 Balances at June 30, 2022 $ (83,849) $ (210) $ (14,380) $ (17,266) $ (115,705) 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 2022 2021 2022 2021 Before-tax amount Foreign currency translation adjustment $ (20,687) $ 5,811 $ (27,537) $ (9,114) Foreign currency translation adjustment reclassified to net income for sale of business — — 55,436 — Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges — (2,802) — 625 Net hedging (gain) loss reclassified to net income — 1,582 — 1,168 Net unrealized gain (loss) on defined benefit plans — — 4,205 — Net defined benefit plan (gain) loss reclassified to net income 214 711 288 1,423 Total other comprehensive income (loss), before tax $ (20,473) $ 5,302 $ 32,392 $ (5,898) Tax (provision) benefit Foreign currency translation adjustment $ 59 $ (153) $ 18 $ (240) Foreign currency translation adjustment reclassified to net income for sale of business — — — — Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges — — — (18) Net hedging (gain) loss reclassified to net income — — — (467) Net unrealized gain (loss) on defined benefit plans (7) — (16) — Net defined benefit plan (gain) loss reclassified to net income (1) (12) (1) (23) Total other comprehensive income (loss) tax (provision) benefit $ 51 $ (165) $ 1 $ (748) Net-of-tax amount Foreign currency translation adjustment $ (20,628) $ 5,658 $ (27,519) $ (9,354) Foreign currency translation adjustment reclassified to net income for sale of business — — 55,436 — Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges — (2,802) — 607 Net hedging (gain) loss reclassified to net income — 1,582 — 701 Net unrealized gain (loss) on defined benefit plans (7) — 4,189 — Net defined benefit plan (gain) loss reclassified to net income 213 699 287 1,400 Total other comprehensive income (loss), net of tax $ (20,422) $ 5,137 $ 32,393 $ (6,646)

Fair Values of Financial Instru

Fair Values of Financial Instruments	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Values of Financial Instruments	The fair values at June 30, 2022 and December 31, 2021 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, 2022 December 31, 2021 In thousands Carrying Fair Carrying Fair Credit facility Multicurrency revolving line of credit $ — $ — $ — $ — Convertible notes 451,369 366,146 450,228 422,749 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. Convertible Notes: The Convertible Notes are not listed on any securities exchange but may be actively traded. The fair value is estimated using Level 1 inputs, as it is based on quoted prices for these instruments in active markets. Derivatives: Refer to 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, 2022
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. Goodwill impairment charges are recognized in Corporate unallocated. Refer to Note 5: Goodwill for discussion of goodwill impairment recognized during the second quarter of 2022. 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. 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 OpenWay® Centron and Riva meters, Itron traditional ERT® technology, Intelis smart gas meters, 500G gas communication modules, 500W water communication modules, GenX networking infrastructure products and network interface cards (NICs), Smart City control and management software, Distribution Automation bridge devices, 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 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 Energy Management suite of products 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 2022 2021 2022 2021 Product revenues Device Solutions $ 103,433 $ 160,647 $ 241,319 $ 330,978 Networked Solutions 241,592 235,167 490,860 493,870 Outcomes 14,873 15,905 27,529 29,675 Total Company $ 359,898 $ 411,719 $ 759,708 $ 854,523 Service revenues Device Solutions $ 1,377 $ 2,320 $ 3,056 $ 4,770 Networked Solutions 27,870 29,891 57,422 59,502 Outcomes 42,737 45,482 87,027 90,191 Total Company $ 71,984 $ 77,693 $ 147,505 $ 154,463 Total revenues Device Solutions $ 104,810 $ 162,967 $ 244,375 $ 335,748 Networked Solutions 269,462 265,058 548,282 553,372 Outcomes 57,610 61,387 114,556 119,866 Total Company $ 431,882 $ 489,412 $ 907,213 $ 1,008,986 Gross profit Device Solutions $ 13,878 $ 30,452 $ 35,684 $ 62,748 Networked Solutions 89,909 95,953 181,260 208,712 Outcomes 22,318 23,470 44,385 45,459 Total Company $ 126,105 $ 149,875 $ 261,329 $ 316,919 Operating income (loss) Device Solutions $ 5,459 $ 19,988 $ 17,037 $ 41,689 Networked Solutions 62,282 64,630 123,289 143,921 Outcomes 9,109 12,537 17,450 22,873 Corporate unallocated (110,377) (104,087) (184,484) (184,475) Total Company (33,527) (6,932) (26,708) 24,008 Total other income (expense) (2,697) (25,729) (4,761) (38,428) Loss before income taxes $ (36,224) $ (32,661) $ (31,469) $ (14,420) For the three and six months ended June 30, 2022 and 2021, no customer represented more than 10% of total company revenue. Revenues by region were as follows: Three Months Ended June 30, Six Months Ended June 30, In thousands 2022 2021 2022 2021 United States and Canada $ 311,831 $ 308,673 $ 629,724 $ 634,209 Europe, Middle East, and Africa 96,921 150,851 226,227 311,220 Asia Pacific 23,130 29,888 51,262 63,557 Total Company $ 431,882 $ 489,412 $ 907,213 $ 1,008,986 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 2022 2021 2022 2021 Device Solutions $ 3,549 $ 5,609 $ 7,483 $ 11,797 Networked Solutions 4,285 4,252 8,725 8,527 Outcomes 1,218 1,129 2,127 2,363 Corporate unallocated 7,362 10,119 14,916 20,232 Total Company $ 16,414 $ 21,109 $ 33,251 $ 42,919

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2022
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, 2022 $ 83,180 Revenues recognized from beginning contract liability (46,816) Cumulative catch-up adjustments 413 Increases due to amounts collected or due 184,487 Revenues recognized from current period increases (115,354) Other (1,377) Ending balance, June 30, 2022 $ 104,533 On January 1, 2022, total contract assets were $33.7 million and total contract liabilities were $116.9 million. On June 30, 2022, total contract assets were $47.3 million and total contract liabilities were $151.8 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 $1.5 billion for the next twelve months and approximately $1.2 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, 2022
Discontinued Operations and Disposal Groups [Abstract]
Sale of Business	Sale to Dresser On November 2, 2021, Itron entered into a definitive securities and asset purchase agreement to sell certain of its Gas device manufacturing and business operations in Europe and North America to Dresser. The sale included one German subsidiary – Itron GmbH along with its business operations, personnel, and the owned manufacturing facility in Karlsruhe; the business operations, personnel, and assets associated with the leased manufacturing facility in Argenteuil, France; and the business and manufacturing assets maintained at one of our contract manufacturers in North America. The transaction closed on February 28, 2022. The final sales price and loss on sale will be determined and recognized after the finalization of the working capital adjustment, expected in the third quarter of 2022. As of December 31, 2021, we recognized a pre-tax impairment loss of $34.4 million as well as $3.1 million for professional services in conjunction with the planned sale to Dresser (classified within loss on sale of business within the Consolidated Statements of Operations). In determining the amount of the impairment loss for the assets of this transaction during the fourth quarter of 2021, we included $59.7 million of accumulated foreign currency translation losses and $0.9 million in unrealized loss on defined benefit pension plans, both classified within AOCI. Upon closing of the sale transaction in the first quarter of 2022, the then outstanding amounts in AOCI were reclassified to net income through loss on sale of business for a total of $55.4 million, with a corresponding reversal of the impairment loss originally booked in the fourth quarter of 2021. The difference between the amounts included for the impairment loss in the fourth quarter of 2021 and the first quarter of 2022 was driven by the change in the euro to U.S. dollar exchange rate, and operating results for the period owned in 2022.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
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, 2022 and 2021, Consolidated Statements of Equity for the three months ended June 30, 2022 and 2021 and March 31, 2022 and 2021, the Consolidated Statements of Cash Flows for the six months ended June 30, 2022 and 2021, and the Consolidated Balance Sheets as of June 30, 2022 and December 31, 2021, 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, 2022 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, 2021 filed with the SEC in our Annual Report on Form 10-K on February 28, 2022 (2021 Annual Report). There have been no significant changes in financial statement preparation or significant accounting policies since December 31, 2021.
New Accounting Pronouncements	Recently Adopted Accounting Standards In May 2021, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2021-04 amending Earnings Per Share (Topic 260), Debt-Modifications and Extinguishments (Subtopic 470-50), Compensation - Stock Compensation (Topic 718), and Derivatives and Hedging - Contracts in Entity's Own Equity (Subtopic 815-40). The amendment affects entities when a freestanding equity-classified written call option is modified or exchanged and remains equity classified after the modification or exchange. We adopted this amendment as of the effective date of January 1, 2022. The adoption of this amendment did not have a material impact on our financial statements. In July 2021, the FASB issued ASU 2021-05, Leases (Topic 842): Lessors-Certain Leases with Variable Lease Payments . The amendments in this Update modify the lease classification requirements for lessors to align them with practice under Topic 840, particularly in the area of day-one loss accounting. Lessors should classify and account for a lease with variable lease payments that do not depend on a reference index or a rate as an operating lease if certain criteria are met. The effective date for this amendment was January 1, 2022. The adoption of this amendment did not have a material impact on our financial statements. In November 2021, the FASB issued ASU 2021-10 amending Government Assistance: ( Topic 832) . The FASB issued this Update to increase the transparency of government assistance including the disclosure of (1) the types of assistance, (2) an entity's accounting for the assistance, and (3) the effect of the assistance on an entity's financial statements. The effective date for this amendment was January 1, 2022. The adoption of this amendment did not have a material impact on our financial statements. Recent Accounting Standards Not Yet Adopted In October 2021, the FASB issued ASU 2021-08 amending Business Combination: ( Topic 805), which was necessary due to 2014-09, Revenue from Contracts with Customers (Topic 606). The FASB issued this Update to improve the accounting for acquired revenue contracts with customers in a business combination by addressing diversity in practice and inconsistency related to (1) recognition of an acquired contract liability and (2) payment terms and their effect on subsequent revenue recognized by the acquirer. The effective date for this amendment is January 1, 2023 and all interim periods thereafter. These amendments are to be applied prospectively to business combinations occurring on or after the effective date of the amendments. We currently plan to apply the practical expedients as needed for any future acquisitions. The practical expedients cover contracts that were modified prior to acquisition date as well as determining which date an acquirer would have to determine the standalone selling price of each performance obligation in an acquired contract.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
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 2022 2021 2022 2021 Net loss available to common shareholders $ (36,967) $ (33,123) $ (36,061) $ (20,520) Weighted average common shares outstanding - Basic 45,066 45,142 45,042 43,344 Dilutive effect of stock-based awards — — — — Dilutive effect of convertible notes — — — — Weighted average common shares outstanding - Diluted 45,066 45,142 45,042 43,344 Net loss per common share - Basic $ (0.82) $ (0.73) $ (0.80) $ (0.47) Net loss per common share - Diluted $ (0.82) $ (0.73) $ (0.80) $ (0.47)

Certain Balance Sheet Compone_2

Certain Balance Sheet Components (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2022 December 31, 2021 Trade receivables (net of allowance of $5,630 and $5,730) $ 222,537 $ 261,124 Unbilled receivables 37,120 37,335 Total accounts receivable, net $ 259,657 $ 298,459
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 2022 2021 2022 2021 Beginning balance $ 5,598 $ 1,136 $ 5,730 $ 1,312 Provision for (release of) doubtful accounts, net 619 25 518 (42) Accounts recovered (written-off), net (322) (63) (244) (142) Effect of change in exchange rates (265) 9 (374) (21) Ending balance $ 5,630 $ 1,107 $ 5,630 $ 1,107
Inventories	Inventories In thousands June 30, 2022 December 31, 2021 Raw materials $ 138,519 $ 122,434 Work in process 6,272 7,856 Finished goods 29,731 35,509 Total inventories $ 174,522 $ 165,799
Property, Plant, and Equipment, Net	Property, plant, and equipment, net In thousands June 30, 2022 December 31, 2021 Machinery and equipment $ 299,761 $ 314,502 Computers and software 112,470 111,540 Buildings, furniture, and improvements 134,272 131,764 Land 10,270 8,952 Construction in progress, including purchased equipment 29,832 39,527 Total cost 586,605 606,285 Accumulated depreciation (435,942) (443,101) Property, plant, and equipment, net $ 150,663 $ 163,184
Depreciation Expense	Depreciation expense Three Months Ended June 30, Six Months Ended June 30, In thousands 2022 2021 2022 2021 Depreciation expense $ 9,929 $ 12,112 $ 20,213 $ 24,949

Intangible Assets and Liabili_2

Intangible Assets and Liabilities (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2022 December 31, 2021 In thousands Gross Accumulated Net Gross Accumulated Net Intangible Assets Core-developed technology $ 499,042 $ (489,108) $ 9,934 $ 505,429 $ (491,047) $ 14,382 Customer contracts and relationships 322,882 (257,302) 65,580 336,421 (261,043) 75,378 Trademarks and trade names 72,175 (69,938) 2,237 74,551 (72,133) 2,418 Other 12,017 (11,738) 279 12,021 (11,670) 351 Total intangible assets $ 906,116 $ (828,086) $ 78,030 $ 928,422 $ (835,893) $ 92,529 Intangible Liabilities Customer contracts and relationships $ (23,900) $ 23,670 $ (230) $ (23,900) $ 23,441 $ (459)
Summary of Intangible Asset Account Activity	A summary of intangible assets and liabilities activity is as follows: Six Months Ended June 30, In thousands 2022 2021 Intangible assets, gross beginning balance $ 928,422 $ 1,000,037 Effect of change in exchange rates (22,306) (9,082) Intangible assets, gross ending balance $ 906,116 $ 990,955 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 2022 (amount remaining at June 30, 2022) $ 13,140 $ (230) $ 12,910 2023 18,967 — 18,967 2024 15,032 — 15,032 2025 14,300 — 14,300 2026 10,303 — 10,303 Thereafter 6,288 — 6,288 Total intangible assets subject to amortization (accretion) $ 78,030 $ (230) $ 77,800

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2022: In thousands Device Solutions Networked Solutions Outcomes Total Company Goodwill balance at January 1, 2022 $ 39,377 $ 918,005 $ 141,593 $ 1,098,975 Adjustment to goodwill acquired — (23) — (23) Goodwill impairment (38,480) — — (38,480) Effect of change in exchange rates (897) (20,318) (3,097) (24,312) Goodwill balance at June 30, 2022 $ — $ 897,664 $ 138,496 $ 1,036,160 On October 12, 2021, we acquired SELC Group Limited (SELC), from Sensus Metering Systems (LUXCO3) S.ár.l. During the six months ended June 30, 2022, an adjustment was recorded to the goodwill acquired. As the result of increases in raw material, component, labor and other costs, coupled with a decrease in forecasted revenue within the Device Solutions operating segment and reporting unit, which we determined during the second quarter of 2022, we performed an interim goodwill impairment test. At the conclusion of the test, a goodwill impairment of $38.5 million was recognized in our Corporate unallocated segment as of June 30, 2022. No interim impairment test was determined to be necessary for the Networked Solutions or Outcomes reporting units. Refer to Note 1: Summary of Significant Accounting Policies in Part II, Item 8: Financial Statements and Supplementary Data of our Annual Report on Form 10-K for the fiscal year ended December 31, 2021 for a description of our reporting units and our method used to determine the fair values of our reporting units and to determine the amount of any goodwill impairment.

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Debt	The components of our borrowings were as follows: In thousands June 30, 2022 December 31, 2021 Credit facility Multicurrency revolving line of credit $ — $ — Convertible notes 460,000 460,000 Total debt 460,000 460,000 Less: unamortized prepaid debt fees - convertible notes 8,631 9,772 Long-term debt, net $ 451,369 $ 450,228
Schedule of Maturities of Long-term Debt	The amount of required minimum principal payments on our long-term debt in aggregate over the next five years is as follows: Year Ending December 31, Minimum Payments In thousands 2022 (amount remaining at June 30, 2022) $ — 2023 — 2024 — 2025 — 2026 460,000 Thereafter — Total minimum payments on debt $ 460,000

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2022 December 31, 2021 Derivatives not designated as hedging instruments under ASC 815-20 In thousands Foreign exchange forward contracts Other current assets $ 107 $ 37 Total asset derivatives $ 107 $ 37 Derivatives Liabilities Derivatives not designated as hedging instruments under ASC 815-20 Foreign exchange forward contracts Other current liabilities $ 157 $ 135 Total liability derivatives $ 157 $ 135
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 2022 2021 Net unrealized loss on hedging instruments at January 1, $ (14,590) $ (16,001) Unrealized gain (loss) on derivative instruments — 607 Realized (gains) losses reclassified into net income (loss) — 701 Net unrealized loss on hedging instruments at June 30, $ (14,590) $ (14,693)
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, 2022 $ 107 $ (98) $ — $ 9 December 31, 2021 37 (37) — —
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, 2022 $ 157 $ (98) $ — $ 59 December 31, 2021 135 (37) — 98
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 2022 2021 2022 2021 Three Months Ended June 30, Foreign exchange options $ — $ (1,058) Product cost of revenues $ — $ (8) Cross currency swap contract — (1,744) Interest expense — 24 Cross currency swap contract — — Other income (expense), net — (1,598) Six Months Ended June 30, Interest rate swap contract $ — $ 73 Interest expense $ — $ (229) Interest rate swap contract — — Other income (expense), net — (1,681) Foreign exchange options — (111) Product cost of revenues — (8) Cross currency swap contract — 669 Interest expense — 94 Cross currency swap contract — — Other income (expense), net — 656
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 2022 2021 Three Months Ended June 30, Foreign exchange forward contracts Other income (expense), net $ 118 $ (494) Six Months Ended June 30, Foreign exchange forward contracts Other income (expense), net $ (39) $ (463)

Defined Benefit Pension Plans (

Defined Benefit Pension Plans (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2022 December 31, 2021 Liabilities Current portion of pension benefit obligation in wages and benefits payable $ 3,393 $ 3,088 Pension benefit obligation held for sale within other current liabilities — 11,513 Long-term portion of pension benefit obligation 77,396 87,863 Pension benefit obligation, net $ 80,789 $ 102,464
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 2022 2021 2022 2021 Service cost $ 708 $ 1,102 $ 1,502 $ 2,251 Interest cost 423 349 866 701 Expected return on plan assets (80) (88) (163) (177) Amortization of prior service costs 18 17 36 34 Amortization of actuarial net loss 196 694 431 1,389 Net periodic benefit cost $ 1,265 $ 2,074 $ 2,672 $ 4,198

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
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 2022 2021 2022 2021 Stock options $ 278 $ 371 $ 562 $ 711 Restricted stock units 5,869 5,511 11,453 11,442 Unrestricted stock awards 258 206 517 433 Phantom stock units 582 1,225 772 2,342 Total stock-based compensation $ 6,987 $ 7,313 $ 13,304 $ 14,928 Related tax benefit $ 1,434 $ 1,318 $ 2,803 $ 2,681
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, 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 Outstanding, January 1, 2022 393 $ 61.18 5.9 $ 4,737 Granted — — $ — Exercised — — — Forfeited (2) 87.27 Canceled (8) 78.84 Outstanding, June 30, 2022 383 $ 60.69 5.4 $ 1,729 Exercisable, June 30, 2022 333 $ 57.95 5.0 $ 1,729
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, 2021 544 Granted 203 $ 98.94 Released (1) (194) $ 19,474 Forfeited (33) Outstanding, June 30, 2021 520 Outstanding, January 1, 2022 430 $ 85.77 Granted 356 53.47 Released (1) (157) 85.78 $ 8,430 Forfeited (45) 73.03 Outstanding, June 30, 2022 584 67.15 Vested but not released, June 30, 2022 11 $ 567 (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, 2022 2021 Expected volatility 55.7 % 50.5 % Risk-free interest rate 1.7 % 0.2 % Expected term (years) 2.9 2.9 Weighted average fair value $ 57.88 $ 113.75

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2022
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 2022 2021 2022 2021 Net interest and penalties expense $ 446 $ 188 $ 616 $ (42) Accrued interest and penalties recognized were as follows: In thousands June 30, 2022 December 31, 2021 Accrued interest $ 3,407 $ 2,964 Accrued penalties 712 747 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, 2022 December 31, 2021 Unrecognized tax benefits related to uncertain tax positions $ 139,214 $ 139,529 The amount of unrecognized tax benefits that, if recognized, would affect our effective tax rate 139,207 139,503

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2022 December 31, 2021 Credit facility Multicurrency revolving line of credit $ 500,000 $ 500,000 Standby LOCs issued and outstanding (64,651) (64,374) Net available for additional borrowings under the multicurrency revolving line of credit $ 435,349 $ 435,626 Net available for additional standby LOCs under sub-facility $ 235,349 $ 235,626 Unsecured multicurrency revolving lines of credit with various financial institutions Multicurrency revolving lines of credit $ 101,168 $ 94,845 Standby LOCs issued and outstanding (10,989) (19,957) Short-term borrowings — — Net available for additional borrowings and LOCs $ 90,179 $ 74,888 Unsecured surety bonds in force $ 277,216 $ 281,270
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 2022 2021 2022 2021 Beginning balance $ 30,835 $ 39,334 $ 32,022 $ 41,390 New product warranties 968 900 2,434 1,686 Other adjustments and expirations, net (107) (683) (65) 1,606 Claims activity (2,338) (3,515) (4,772) (7,884) Effect of change in exchange rates (649) 174 (910) (588) Ending balance 28,709 36,210 28,709 36,210 Less: current portion of warranty 17,378 20,299 17,378 20,299 Long-term warranty $ 11,331 $ 15,911 $ 11,331 $ 15,911
Warranty Expense	Warranty expense was as follows: Three Months Ended June 30, Six Months Ended June 30, In thousands 2022 2021 2022 2021 Total warranty expense $ 861 $ 217 $ 2,369 $ 3,292

Restructuring (Tables)

Restructuring (Tables)	6 Months Ended
	Jun. 30, 2022
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 2021 Projects were as follows: In thousands Total Expected Costs at June 30, 2022 Costs Recognized in Prior Periods Cost Recognized During the Six Months Ended June 30, 2022 Expected Remaining Costs to be Recognized at June 30, 2022 Employee severance costs $ 41,876 $ 49,013 $ (7,137) $ — Asset impairments & net loss (gain) on sale or disposal 8,433 9,246 (813) — Other restructuring costs 5,507 2,452 430 2,625 Total $ 55,816 $ 60,711 $ (7,520) $ 2,625 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, 2022 Costs Recognized in Prior Periods Cost Recognized During the Six Months Ended June 30, 2022 Expected Remaining Costs to be Recognized at June 30, 2022 Employee severance costs $ 21,753 $ 24,532 $ (2,779) $ — Asset impairments & net loss (gain) on sale or disposal 6,438 6,442 (4) — Other restructuring costs 7,540 6,170 478 892 Total $ 35,731 $ 37,144 $ (2,305) $ 892
Restructuring and Related Costs	The following table summarizes the activity within the restructuring-related balance sheet accounts for the 2021 Projects and 2020 Projects during the six months ended June 30, 2022: In thousands Accrued Employee Severance Asset Impairments & Net Loss (Gain) on Sale or Disposal Other Accrued Costs Total Beginning balance, $ 79,876 $ — $ 5,130 $ 85,006 Costs charged to expense (9,916) (817) 908 (9,825) Cash payments (8,651) — (2,388) (11,039) Cash receipts — 1,154 — 1,154 Net assets disposed and impaired — (337) — (337) Effect of change in exchange rates (4,462) — (178) (4,640) Ending balance, June 30, 2022 $ 56,847 $ — $ 3,472 $ 60,319

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2022
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, 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) Balances at January 1, 2022 $ (111,766) $ (210) $ (14,380) $ (21,742) $ (148,098) OCI before reclassifications (27,519) — — 4,189 (23,330) Amounts reclassified from AOCI 55,436 — — 287 55,723 Total other comprehensive income (loss) 27,917 — — 4,476 32,393 Balances at June 30, 2022 $ (83,849) $ (210) $ (14,380) $ (17,266) $ (115,705)
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 2022 2021 2022 2021 Before-tax amount Foreign currency translation adjustment $ (20,687) $ 5,811 $ (27,537) $ (9,114) Foreign currency translation adjustment reclassified to net income for sale of business — — 55,436 — Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges — (2,802) — 625 Net hedging (gain) loss reclassified to net income — 1,582 — 1,168 Net unrealized gain (loss) on defined benefit plans — — 4,205 — Net defined benefit plan (gain) loss reclassified to net income 214 711 288 1,423 Total other comprehensive income (loss), before tax $ (20,473) $ 5,302 $ 32,392 $ (5,898) Tax (provision) benefit Foreign currency translation adjustment $ 59 $ (153) $ 18 $ (240) Foreign currency translation adjustment reclassified to net income for sale of business — — — — Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges — — — (18) Net hedging (gain) loss reclassified to net income — — — (467) Net unrealized gain (loss) on defined benefit plans (7) — (16) — Net defined benefit plan (gain) loss reclassified to net income (1) (12) (1) (23) Total other comprehensive income (loss) tax (provision) benefit $ 51 $ (165) $ 1 $ (748) Net-of-tax amount Foreign currency translation adjustment $ (20,628) $ 5,658 $ (27,519) $ (9,354) Foreign currency translation adjustment reclassified to net income for sale of business — — 55,436 — Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges — (2,802) — 607 Net hedging (gain) loss reclassified to net income — 1,582 — 701 Net unrealized gain (loss) on defined benefit plans (7) — 4,189 — Net defined benefit plan (gain) loss reclassified to net income 213 699 287 1,400 Total other comprehensive income (loss), net of tax $ (20,422) $ 5,137 $ 32,393 $ (6,646)

Fair Values of Financial Inst_2

Fair Values of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Values Of Financial Instruments by Balance Sheet Grouping	The fair values at June 30, 2022 and December 31, 2021 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, 2022 December 31, 2021 In thousands Carrying Fair Carrying Fair Credit facility Multicurrency revolving line of credit $ — $ — $ — $ — Convertible notes 451,369 366,146 450,228 422,749

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2022
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 2022 2021 2022 2021 Product revenues Device Solutions $ 103,433 $ 160,647 $ 241,319 $ 330,978 Networked Solutions 241,592 235,167 490,860 493,870 Outcomes 14,873 15,905 27,529 29,675 Total Company $ 359,898 $ 411,719 $ 759,708 $ 854,523 Service revenues Device Solutions $ 1,377 $ 2,320 $ 3,056 $ 4,770 Networked Solutions 27,870 29,891 57,422 59,502 Outcomes 42,737 45,482 87,027 90,191 Total Company $ 71,984 $ 77,693 $ 147,505 $ 154,463 Total revenues Device Solutions $ 104,810 $ 162,967 $ 244,375 $ 335,748 Networked Solutions 269,462 265,058 548,282 553,372 Outcomes 57,610 61,387 114,556 119,866 Total Company $ 431,882 $ 489,412 $ 907,213 $ 1,008,986 Gross profit Device Solutions $ 13,878 $ 30,452 $ 35,684 $ 62,748 Networked Solutions 89,909 95,953 181,260 208,712 Outcomes 22,318 23,470 44,385 45,459 Total Company $ 126,105 $ 149,875 $ 261,329 $ 316,919 Operating income (loss) Device Solutions $ 5,459 $ 19,988 $ 17,037 $ 41,689 Networked Solutions 62,282 64,630 123,289 143,921 Outcomes 9,109 12,537 17,450 22,873 Corporate unallocated (110,377) (104,087) (184,484) (184,475) Total Company (33,527) (6,932) (26,708) 24,008 Total other income (expense) (2,697) (25,729) (4,761) (38,428) Loss before income taxes $ (36,224) $ (32,661) $ (31,469) $ (14,420)
Revenues By Region	Revenues by region were as follows: Three Months Ended June 30, Six Months Ended June 30, In thousands 2022 2021 2022 2021 United States and Canada $ 311,831 $ 308,673 $ 629,724 $ 634,209 Europe, Middle East, and Africa 96,921 150,851 226,227 311,220 Asia Pacific 23,130 29,888 51,262 63,557 Total Company $ 431,882 $ 489,412 $ 907,213 $ 1,008,986
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 2022 2021 2022 2021 Device Solutions $ 3,549 $ 5,609 $ 7,483 $ 11,797 Networked Solutions 4,285 4,252 8,725 8,527 Outcomes 1,218 1,129 2,127 2,363 Corporate unallocated 7,362 10,119 14,916 20,232 Total Company $ 16,414 $ 21,109 $ 33,251 $ 42,919

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2022 $ 83,180 Revenues recognized from beginning contract liability (46,816) Cumulative catch-up adjustments 413 Increases due to amounts collected or due 184,487 Revenues recognized from current period increases (115,354) Other (1,377) Ending balance, June 30, 2022 $ 104,533

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	6 Months Ended
	Jun. 30, 2022
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 the initial months of the pandemic 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 2022. 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 have manifested across a variety of areas including mechanical, electrical, and logistics portions of the supply chain, which has impacted our ability to ship products in a timely manner. In particular, our ability to obtain adequate supply of semiconductor components has impacted our ability to service recovering customer demand. While we believe the current imbalance in supply and demand is temporal, the timeline to recovery is uncertain. Efforts are ongoing with suppliers to increase supply, including the approval of alternate sources. Recently, inflation in our raw materials and component costs, freight charges, and labor costs have increased above historical levels, due to, among other things, the continuing impacts of the pandemic and uncertain economic environment. We may or may not be able to fully recover these increased costs through pricing actions with our customers. At this time, we have not identified any significant decrease in long-term customer demand for our products and services. However, certain of our customer projects have experienced delay in deliveries, with revenue originally forecasted in prior periods shifting to future periods.While we have limited direct business exposure in Russia, Belarus and Ukraine, the Russian military actions and the resulting sanctions could adversely affect the global economy, as well as further disrupt the supply chain. A major disruption in the global economy and supply chain could have a material adverse effect on our business, prospects, financial condition, results of operations, and cash flows. The extent and duration of the military action, sanctions, and resulting market and/or supply disruptions are impossible to predict, but could be substantial.

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, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Net loss available to common shareholders	$ (36,967)	$ (33,123)	$ (36,061)	$ (20,520)
Weighted average common shares outstanding - Basic (in shares)	45,066	45,142	45,042	43,344
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)	45,066	45,142	45,042	43,344
Earnings (loss) per common share - Basic (in dollars per share)	$ (0.82)	$ (0.73)	$ (0.80)	$ (0.47)
Earnings (loss) per common share - Diluted (in dollars per share)	$ (0.82)	$ (0.73)	$ (0.80)	$ (0.47)

Earnings Per Share Stock-based

Earnings Per Share Stock-based Awards (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Stock-based awards excluded from diluted EPS calculation (antidilutive) (in shares)	0.9	0.4	0.8	0.5

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, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Debt Instrument [Line Items]
Stock-based awards excluded from diluted EPS calculation (antidilutive) (in shares)	0.9	0.4		0.8	0.5
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]
Stock-based awards excluded from diluted EPS calculation (antidilutive) (in shares)	3.7		3.7	3.7
Common stock, conversion price (in dollars per share)	$ 126		$ 126

Earnings Per Share - Converti_2

Earnings Per Share - Convertible Note Hedge Transactions (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Jun. 30, 2022	Mar. 31, 2021
Debt Instrument [Line Items]
Derivative, notional amount		$ 84.1
Treasury stock, shares, acquired		3.7
Convertible Debt Securities
Debt Instrument [Line Items]
Common stock, conversion price (in dollars per share)	$ 126	$ 126

Certain Balance Sheet Compone_3

Certain Balance Sheet Components Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accounts Receivable, after Allowance for Credit Loss, Current [Abstract]
Trade receivables (net of allowance of $5,630 and $5,730)	$ 222,537	$ 261,124
Unbilled receivables	37,120	37,335
Total accounts receivable, net	$ 259,657	$ 298,459

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, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Accounts Receivable, after Allowance for Credit Loss, Current [Abstract]
Beginning balance	$ 5,598	$ 1,136	$ 5,730	$ 1,312
Provision for (release of) doubtful accounts, net	619	25	518	(42)
Accounts recovered (written-off), net	(322)	(63)	(244)	(142)
Effect of change in exchange rates	(265)	9	(374)	(21)
Ending balance	$ 5,630	$ 1,107	$ 5,630	$ 1,107

Certain Balance Sheet Compone_5

Certain Balance Sheet Components Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Inventory, Net [Abstract]
Raw materials	$ 138,519	$ 122,434
Work in process	6,272	7,856
Finished goods	29,731	35,509
Total inventories	$ 174,522	$ 165,799

Certain Balance Sheet Compone_6

Certain Balance Sheet Components Property, Plant, and Equipment, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment, Net [Abstract]
Machinery and equipment	$ 299,761	$ 314,502
Computers and software	112,470	111,540
Buildings, furniture, and improvements	134,272	131,764
Land	10,270	8,952
Construction in progress, including purchased equipment	29,832	39,527
Total cost	586,605	606,285
Accumulated depreciation	(435,942)	(443,101)
Property, plant, and equipment, net	$ 150,663	$ 163,184

Certain Balance Sheet Compone_7

Certain Balance Sheet Components Depreciation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 9,929	$ 12,112	$ 20,213	$ 24,949

Intangible Assets and Liabili_3

Intangible Assets and Liabilities Gross Carrying Amount and Accumulated Amortization (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Intangible Assets [Line Items]
Intangible assets, Accumulated (Amortization) Accretion	$ (828,086)	$ (835,893)
Intangible assets, Net	78,030
Intangible assets, Gross	906,116	928,422	$ 990,955	$ 1,000,037
Intangible assets, Net	78,030	92,529
Intangible liabilities, Gross	(23,900)	(23,900)	$ (23,900)	$ (23,900)
Intangible liabilities, Accumulated (Amortization) Accretion	23,670	23,441
Intangible liabilities, Net	(230)	(459)
Core-developed technology [Member]
Intangible Assets [Line Items]
Intangible assets, Gross	499,042	505,429
Intangible assets, Accumulated (Amortization) Accretion	(489,108)	(491,047)
Intangible assets, Net	9,934	14,382
Customer contracts and relationships [Member]
Intangible Assets [Line Items]
Intangible assets, Gross	322,882	336,421
Intangible assets, Accumulated (Amortization) Accretion	(257,302)	(261,043)
Intangible assets, Net	65,580	75,378
Trademarks and trade names [Member]
Intangible Assets [Line Items]
Intangible assets, Gross	72,175	74,551
Intangible assets, Accumulated (Amortization) Accretion	(69,938)	(72,133)
Intangible assets, Net	2,237	2,418
Other Intangible Assets [Member]
Intangible Assets [Line Items]
Intangible assets, Gross	12,017	12,021
Intangible assets, Accumulated (Amortization) Accretion	(11,738)	(11,670)
Intangible assets, Net	$ 279	$ 351

Summary of Intangible Asset Acc

Summary of Intangible Asset Account Activity (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Total Intangible Assets [Abstract]
Intangible assets, gross beginning balance	$ 928,422	$ 1,000,037
Effect of change in exchange rates	(22,306)	(9,082)
Intangible assets, gross ending balance	906,116	990,955
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 Estimated Future Annual Amortization Expense (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Intangible Assets [Abstract]
2022 (amount remaining at June 30, 2022)	$ 13,140
2023	18,967
2024	15,032
2025	14,300
2026	10,303
Thereafter	6,288
Total intangible assets subject to amortization (accretion)	78,030
2022 (amount remaining at June 30, 2022)	(230)
2023	0
2024	0
2025	0
2026	0
Thereafter	0
Intangible liabilities, Net	(230)	$ (459)
2022 (amount remaining at June 30, 2022)	12,910
2023	18,967
2024	15,032
2025	14,300
2026	10,303
Thereafter	6,288
Total intangible assets (liabilities), net	$ 77,800

Schedule of Goodwill Allocated

Schedule of Goodwill Allocated to Reporting Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Goodwill [Roll Forward]
Goodwill, net, at beginning of period			$ 1,098,975
Adjustment to goodwill acquired			(23)
Goodwill impairment	$ (38,480)	$ 0	(38,480)	$ 0
Effect of change in exchange rates			(24,312)
Goodwill, Ending Balance	1,036,160		1,036,160
Device Solutions [Member]
Goodwill [Roll Forward]
Goodwill, net, at beginning of period			39,377
Adjustment to goodwill acquired			0
Goodwill impairment			(38,480)
Effect of change in exchange rates			(897)
Goodwill, Ending Balance	0		0
Networked Solutions Segment [Member]
Goodwill [Roll Forward]
Goodwill, net, at beginning of period			918,005
Adjustment to goodwill acquired			(23)
Goodwill impairment			0
Effect of change in exchange rates			(20,318)
Goodwill, Ending Balance	897,664		897,664
Outcomes Segment [Member]
Goodwill [Roll Forward]
Goodwill, net, at beginning of period			141,593
Adjustment to goodwill acquired			0
Goodwill impairment			0
Effect of change in exchange rates			(3,097)
Goodwill, Ending Balance	$ 138,496		$ 138,496

Debt - Schedule of Debt Compone

Debt - Schedule of Debt Components of Borrowing (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Convertible Debt	$ 460,000	$ 460,000
Total debt	460,000
Long-term debt, net	451,369	450,228
Line of Credit
Debt Instrument [Line Items]
Multicurrency revolving line of credit	0	0
Secured Debt
Debt Instrument [Line Items]
Total debt	460,000	460,000
Long-term debt, net	451,369	450,228
Convertible Debt Securities
Debt Instrument [Line Items]
Unamortized prepaid debt fees	$ 8,631	$ 9,772

Debt - Credit Facility Addition

Debt - Credit Facility Additional Information (Details) - USD ($)		6 Months Ended	12 Months Ended
	Oct. 19, 2020	Jun. 30, 2022	Dec. 31, 2020	Dec. 31, 2021	Oct. 18, 2019
Debt Instrument [Line Items]
Debt instrument, face amount					$ 1,200,000,000
Line of credit facility, maximum borrowing capacity					500,000,000
Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 500,000,000		$ 500,000,000
Letters of credit outstanding, amount		64,651,000		64,374,000
Line of credit facility, remaining borrowing capacity		$ 235,300,000
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument, description of variable rate basis		the LIBOR rate
EURIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, description of variable rate basis		EURIBOR rate
Alternate base rate [Member]
Debt Instrument [Line Items]
Debt instrument, description of variable rate basis		Alternate Base 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%
Minimum
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage			0.15%
Debt Instrument, Interest Rate, Effective Percentage			1%
Maximum
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage			0.25%
Debt Instrument, Interest Rate, Effective Percentage			1.75%
USD Denominated Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument, face amount					650,000,000
USD denominated term loan		$ 0
Standby Letters of Credit [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity					300,000,000
Letters of credit outstanding, amount		64,700,000
Swingline sub-facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity					$ 50,000,000
Multicurrency revolving line of credit		0
Line of Credit
Debt Instrument [Line Items]
Debt instrument, fee amount	$ 1,400,000
Multicurrency revolving line of credit		0		0
Line of credit facility, remaining borrowing capacity		$ 435,349,000		$ 435,626,000
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
Line of Credit | Minimum
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage	0.15%
Debt Instrument, Interest Rate, Effective Percentage	1%
Line of Credit | Maximum
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage	0.30%
Debt Instrument, Interest Rate, Effective Percentage	2%
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.

Debt - Convertible Note Additio

Debt - Convertible Note Additional Information (Details) $ / shares in Units, $ in Millions		37 Months Ended
	Mar. 12, 2021 USD ($) $ / shares	Jan. 14, 2021
Maximum
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage		98%
Debt Instrument, Redemption, Period Four
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage		130%
Convertible Debt
Debt Instrument [Line Items]
Proceeds from convertible debt | $	$ 448.5
Debt instrument, convertible, conversion ratio	0.0079365
Debt instrument, convertible, conversion price | $ / shares	$ 126

Debt - Minimum Required Princip

Debt - Minimum Required Principal Payments (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Text Block [Abstract]
2022 (amount remaining at June 30, 2022)	$ 0
2023	0
2024	0
2025	0
2026	460,000
Thereafter	0
Total debt	$ 460,000

Derivative Financial Instrume_3

Derivative Financial Instruments - Derivative and Nonderivative Hedging Instrument Fair Value Disclosure (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Asset Derivatives [Abstract]
Total asset derivatives	$ 107	$ 37
Liability Derivatives [Abstract]
Total liability derivatives	157	135
Not Designated as Hedging Instrument [Member] | Other Current Assets [Member]
Asset Derivatives [Abstract]
Foreign exchange forward contracts	107	37
Not Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]
Liability Derivatives [Abstract]
Foreign exchange forward contracts	$ 157	$ 135

Derivative Financial Instrume_4

Derivative Financial Instruments - Activity of Hedging Instruments in Accumulated OCI (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net unrealized loss on hedging instruments at January 1,			$ (148,098)
Realized losses reclassified into net income (loss)	$ 0	$ 1,582	0	$ 701
Net unrealized loss on hedging instruments at June 30,	(115,705)		(115,705)
Accumulated Net Gain (Loss) from Derivative and Nonderivative Instruments Designated as Hedging Instruments [Member]
Net unrealized loss on hedging instruments at January 1,			(14,590)	(16,001)
Unrealized gain (loss) on derivative instruments			0	607
Realized losses reclassified into net income (loss)			0	701
Net unrealized loss on hedging instruments at June 30,	$ (14,590)	$ (14,693)	$ (14,590)	$ (14,693)

Derivative Financial Instrume_5

Derivative Financial Instruments - Narrative (Details) $ / shares in Units, shares in Millions		3 Months Ended			6 Months Ended
	Feb. 28, 2021 USD ($)	Jun. 30, 2022 USD ($) contracts $ / shares shares	Jun. 30, 2021 USD ($) shares	Mar. 31, 2021 USD ($) $ / shares shares	Jun. 30, 2022 USD ($) contracts shares	Jun. 30, 2021 USD ($) shares	Dec. 31, 2021 USD ($)
Derivative [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax		$ 115,705,000			$ 115,705,000		$ 148,098,000
Derivative, notional amount				$ 84,100,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares		0.9	0.4		0.8	0.5
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
Derivative [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares		3.7		3.7	3.7
Common stock, conversion price (in dollars per share) | $ / shares		$ 126		$ 126
Number of Counterparties [Member]
Derivative [Line Items]
Derivative counterparties		3			3		3
Foreign Exchange Option [Member]
Derivative [Line Items]
Derivative, notional amount	$ 76,500,000
Derivative purchase price	$ 1,100,000
Forward Contracts [Member]
Derivative [Line Items]
Number of foreign exchange contracts | contracts		36			36
Foreign Exchange Contract [Member] | Minimum | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, notional amount		$ 111,352			$ 111,352
Foreign Exchange Contract [Member] | Maximum | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, notional amount		57,700,000			57,700,000
Net Unrealized Gain (Loss) on Nonderivative Instruments
Derivative [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax		$ (14,400,000)	$ (14,400,000)		$ (14,400,000)	$ (14,400,000)

Derivative Financial Instrume_6

Derivative Financial Instruments - Offsetting of Derivative Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Total asset derivatives	$ 107	$ 37
Derivative Financial Instruments Not Offset in the Consolidated Balance Sheets	(98)	(37)
Cash Collateral Received Not Offset in the Consolidated Balance Sheets	0	0
Derivative Asset, Fair Value, Amount Offset Against Collateral	$ 9	$ 0

Derivative Financial Instrume_7

Derivative Financial Instruments - Offsetting of Derivative Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Liability, Fair Value, Gross Liability	$ 157	$ 135
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	(98)	(37)
Cash Collateral Pledged Not Offset in the Consolidated Balance Sheets	0	0
Derivative Liability, Fair Value, Amount Offset Against Collateral	$ 59	$ 98

Derivative Financial Instrume_8

Derivative Financial Instruments - 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, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative Instruments Designated as Hedging Instruments [Abstract]
Gain (Loss) Reclassified from  AOCI into Income	$ 0	$ (1,582)	$ 0	$ (1,168)
Foreign Exchange Option [Member]
Derivative Instruments Designated as Hedging Instruments [Abstract]
Amount of Gain (Loss) Recognized in OCI on Derivative			0	(111)
Foreign Exchange Option [Member] | Cost of Sales [Member]
Derivative Instruments Designated as Hedging Instruments [Abstract]
Amount of Gain (Loss) Recognized in OCI on Derivative	0	(1,058)
Gain (Loss) Reclassified from  AOCI into Income	0	(8)	0	(8)
Currency Swap [Member] | Interest Expense [Member]
Derivative Instruments Designated as Hedging Instruments [Abstract]
Amount of Gain (Loss) Recognized in OCI on Derivative	0	(1,744)
Gain (Loss) Reclassified from  AOCI into Income	0	24
Currency Swap 2 [Member]
Derivative Instruments Designated as Hedging Instruments [Abstract]
Amount of Gain (Loss) Recognized in OCI on Derivative			0	0
Currency Swap 2 [Member] | Other Income (Expense) [Member]
Derivative Instruments Designated as Hedging Instruments [Abstract]
Amount of Gain (Loss) Recognized in OCI on Derivative	0	0
Gain (Loss) Reclassified from  AOCI into Income	$ 0	$ (1,598)	0	656
Interest Rate Swap [Member]
Derivative Instruments Designated as Hedging Instruments [Abstract]
Amount of Gain (Loss) Recognized in OCI on Derivative			0	73
Interest Rate Swap [Member] | Interest Expense [Member]
Derivative Instruments Designated as Hedging Instruments [Abstract]
Gain (Loss) Reclassified from  AOCI into Income			0	(229)
Interest Rate Swap 2 [Member]
Derivative Instruments Designated as Hedging Instruments [Abstract]
Amount of Gain (Loss) Recognized in OCI on Derivative			0	0
Interest Rate Swap 2 [Member] | Other Income (Expense) [Member]
Derivative Instruments Designated as Hedging Instruments [Abstract]
Gain (Loss) Reclassified from  AOCI into Income			0	(1,681)
Currency Swap 1 [Member]
Derivative Instruments Designated as Hedging Instruments [Abstract]
Amount of Gain (Loss) Recognized in OCI on Derivative			0	669
Currency Swap 1 [Member] | Interest Expense [Member]
Derivative Instruments Designated as Hedging Instruments [Abstract]
Gain (Loss) Reclassified from  AOCI into Income			$ 0	$ 94

Derivative Financial Instrume_9

Derivative Financial Instruments - Derivatives Not Designated as Hedging Relationships (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Other Income (Expense) [Member]
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Foreign exchange forward contracts	$ 118	$ (494)	$ (39)	$ (463)

Schedule of Amounts Recognized

Schedule of Amounts Recognized in the Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Current portion of pension benefit obligation in wages and benefits payable	$ 3,393	$ 3,088
Pension benefit obligation held for sale within other current liabilities	0	11,513
Long-term portion of pension benefit obligation	77,396	87,863
Pension benefit obligation, net	$ 80,789	$ 102,464

Schedule of Net Periodic Pensio

Schedule of Net Periodic Pension Benefit Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Retirement Benefits [Abstract]
Service cost	$ 708	$ 1,102	$ 1,502	$ 2,251
Interest cost	423	349	866	701
Expected return on plan assets	(80)	(88)	(163)	(177)
Amortization of prior service costs	18	17	36	34
Amortization of actuarial net loss	196	694	431	1,389
Net periodic benefit cost	$ 1,265	$ 2,074	$ 2,672	$ 4,198

Stock-Based Compensation Expens

Stock-Based Compensation Expense and Related Tax Benefit (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options	$ 278	$ 371	$ 562	$ 711
Restricted stock units	5,869	5,511	11,453	11,442
Unrestricted stock awards	258	206	517	433
Total stock-based compensation	6,987	7,313	13,304	14,928
Related tax benefit	1,434	1,318	2,803	2,681
Phantom Share Units (PSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Phantom stock units	$ 582	$ 1,225	$ 772	$ 2,342

Stock Option Summary (Details)

Stock Option Summary (Details) - Share-based Payment Arrangement, Option [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Shares
Outstanding, beginning balance (in shares)	393	433	433
Granted (in shares)	0	0
Exercised (in shares)	0	(31)
Forfeited (in share)	(2)	(6)
Expired (in shares)	(8)
Outstanding, ending balance (in shares)	383	396	393	433
Exercisable (in shares)	333
Weighted Average Exercise Price per Share
Outstanding, beginning balance, weighted average exercise price per share (in dollars per share)	$ 61.18	$ 61.95	$ 61.95
Granted, weighted average exercise price (in dollars per share)	0	0
Exercised, weighted average exercise price (in dollars per share)	0	66.97
Forfeited, weighted average grant date fair value (in dollars per share)	87.27	83.33
Expired weighted average exercise price (in dollars per share)	78.84
Outstanding, ending balance, weighted average exercise price per share (in dollars per share)	60.69	$ 61.25	$ 61.18	$ 61.95
Exercisable, weighted average exercise price (in usd per share)	$ 57.95
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Outstanding, weighted average remaining contractual life	5 years 4 months 24 days	6 years 4 months 24 days	5 years 10 months 24 days	6 years 10 months 24 days
Outstanding, beginning balance, aggregate intrinsic value	$ 4,737	$ 14,697	$ 14,697
Granted, weighted average grant date fair value	$ 0	$ 0
Exercised, aggregate intrinsic value	$ 0	$ 1,121
Outstanding, weighted average remaining contractual life	5 years 4 months 24 days	6 years 4 months 24 days	5 years 10 months 24 days	6 years 10 months 24 days
Outstanding, ending balance, aggregate intrinsic value	$ 1,729	$ 15,349	$ 4,737	$ 14,697
Exercisable, weighted average remaining contractual term	5 years
Exercisable, aggregate intrinsic value	$ 1,729

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, 2022	Jun. 30, 2021
Number of Restricted Stock Units
Outstanding, beginning balance (in shares)		430	544
Granted (in shares)		356	203
Forfeited (in shares)		(45)	(33)
Outstanding, ending balance (in shares)		584	520
Weighted Average Grant Date Fair Value
Outstanding, beginning balance, weighted average grant date fair value (in dollars per share)		$ 85.77
Granted, weighted average grant date fair value (in dollars per share)		53.47	$ 98.94
Forfeited, weighted average grant date fair value (in dollars per share)		73.03
Outstanding, ending balance, weighted average grant date fair value (in dollars per share)		$ 67.15
Vested and Released [Member]
Number of Restricted Stock Units
Released (in shares)	[1]	(157)	(194)
Weighted Average Grant Date Fair Value
Released, weighted average grant date fair value (in dollars per share)		$ 85.78
Released, aggregate intrinsic value		$ 8,430	$ 19,474
Vested but Not Released [Member]
Number of Restricted Stock Units
Released (in shares)		(11)
Weighted Average Grant Date Fair Value
Released, aggregate intrinsic value		$ 567
Long Term Performance Restricted Stock Award [Member]
Weighted Average Grant Date Fair Value
Granted, weighted average grant date fair value (in dollars per share)		$ 57.88	$ 113.75
[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, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, weighted average grant date fair value (in dollars per share)	$ 53.47	$ 98.94
Long Term Performance Restricted Stock Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	55.70%	50.50%
Risk-free interest rate	1.70%	0.20%
Expected term (years)	2 years 10 months 24 days	2 years 10 months 24 days
Granted, weighted average grant date fair value (in dollars per share)	$ 57.88	$ 113.75

Stock-Based Compensation Narrat

Stock-Based Compensation Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($) shares
Share-based Payment Arrangement, Option [Member]
[Line Items]
Compensation cost not yet recognized | $	$ 0.4
Unrecognized compensation expense, Expected weighted average period for recognition (years)	8 months 12 days
Restricted Stock Units (RSUs) [Member]
[Line Items]
Compensation cost not yet recognized | $	$ 32.1
Unrecognized compensation expense, Expected weighted average period for recognition (years)	1 year 9 months 18 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)	108,827
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)	4,650,545
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, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Net interest and penalties expense	$ 446	$ 188	$ 616	$ (42)
Accrued interest	3,407		3,407		$ 2,964
Accrued penalties	712		712		747
Unrecognized tax benefits related to uncertain tax positions	139,214		139,214		139,529
The amount of unrecognized tax benefits that, if recognized, would affect our effective tax rate	$ 139,207		$ 139,207		$ 139,503

Income Taxes Narrative (Details

Income Taxes Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Examination [Line Items]
Effective income tax rate reconciliation, percent	(2.00%)	1%	(14.00%)	(31.00%)
Effective income tax rate reconciliation, at federal statutory income tax rate, percent	21%	21%	21%	21%

Commitments and Contingencies A

Commitments and Contingencies Available Lines of Credit, Outstanding Standby Letter of Credits, and Bonds (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	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	$ 235,349	$ 235,626
Credit Facility [Member]
Line of Credit Facility [Line Items]
Multicurrency revolving line of credit	500,000	500,000
Letters of Credit Outstanding, Amount	(64,651)	(64,374)
Line of Credit Facility, Remaining Borrowing Capacity	235,300
Unsecured Multicurrency Revolving Lines of Credit [Member]
Line of Credit Facility [Line Items]
Multicurrency revolving line of credit	101,168	94,845
Letters of Credit Outstanding, Amount	(10,989)	(19,957)
Short-term borrowings	0	0
Line of Credit Facility, Remaining Borrowing Capacity	90,179	74,888
Surety Bond [Member]
Line of Credit Facility [Line Items]
Unsecured surety bonds in force	277,216	281,270
Line of Credit
Line of Credit Facility [Line Items]
Long-term Line of Credit	0	0
Line of Credit Facility, Remaining Borrowing Capacity	$ 435,349	$ 435,626

Commitments and Contingencies W

Commitments and Contingencies Warranty Account Activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Beginning balance	$ 30,835	$ 39,334	$ 32,022	$ 41,390
New product warranties	968	900	2,434	1,686
Other changes/adjustments to warranties	(107)	(683)	(65)	1,606
Claims activity	(2,338)	(3,515)	(4,772)	(7,884)
Effect of change in exchange rates	(649)	174	(910)	(588)
Ending balance	28,709	36,210	28,709	36,210
Less: current portion of warranty	17,378	20,299	17,378	20,299
Long-term warranty	$ 11,331	$ 15,911	$ 11,331	$ 15,911

Commitments and Contingencies_2

Commitments and Contingencies Warranty Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Total warranty expense	$ 861	$ 217	$ 2,369	$ 3,292

Restructuring Expected Costs -

Restructuring Expected Costs - 2021 Projects (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring	$ (9,825)
2021 Projects
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	55,816
Restructuring and Related Cost, Cost Incurred to Date		$ 60,711
Restructuring	(7,520)
Restructuring and Related Cost, Expected Cost Remaining	2,625
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	(9,916)
Employee Severance [Member] | 2021 Projects
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	41,876
Restructuring and Related Cost, Cost Incurred to Date		49,013
Restructuring	(7,137)
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	(817)
Asset Impairment and Net (Gain) Loss on Sale or Disposal [Member] | 2021 Projects
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	8,433
Restructuring and Related Cost, Cost Incurred to Date		9,246
Restructuring	(813)
Restructuring and Related Cost, Expected Cost Remaining	0
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	908
Other Restructuring [Member] | 2021 Projects
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	5,507
Restructuring and Related Cost, Cost Incurred to Date		$ 2,452
Restructuring	430
Restructuring and Related Cost, Expected Cost Remaining	$ 2,625

Restructuring Expected Costs _2

Restructuring Expected Costs - 2020 Projects (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring	$ (9,825)
2020 Projects [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	35,731
Restructuring and Related Cost, Cost Incurred to Date		$ 37,144
Restructuring	(2,305)
Restructuring and Related Cost, Expected Cost Remaining	892
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	(9,916)
Employee Severance [Member] | 2020 Projects [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	21,753
Restructuring and Related Cost, Cost Incurred to Date		24,532
Restructuring	(2,779)
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	(817)
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	6,438
Restructuring and Related Cost, Cost Incurred to Date		6,442
Restructuring	(4)
Restructuring and Related Cost, Expected Cost Remaining	0
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	908
Other Restructuring [Member] | 2020 Projects [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	7,540
Restructuring and Related Cost, Cost Incurred to Date		$ 6,170
Restructuring	478
Restructuring and Related Cost, Expected Cost Remaining	$ 892

Restructuring Additional Inform

Restructuring Additional Information (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring reserve, current	$ 20.6	$ 29.7
Restructuring reserve, noncurrent	$ 39.7	$ 55.3

Restructuring Related Balance S

Restructuring Related Balance Sheet Activity (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Restructuring Cost and Reserve [Line Items]
Beginning balance, January 1, 2022	$ 85,006
Costs charged to expense	(9,825)
Cash payments	(11,039)
Cash receipts	1,154
Net assets disposed and impaired	(337)
Effect of change in exchange rates	(4,640)
Ending balance, June 30, 2022	60,319
Accrued Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Beginning balance, January 1, 2022	79,876
Costs charged to expense	(9,916)
Cash payments	(8,651)
Cash receipts	0
Net assets disposed and impaired	0
Effect of change in exchange rates	(4,462)
Ending balance, June 30, 2022	56,847
Asset Impairment and Net (Gain) Loss on Sale or Disposal [Member]
Restructuring Cost and Reserve [Line Items]
Beginning balance, January 1, 2022	0
Costs charged to expense	(817)
Cash payments	0
Cash receipts	1,154
Net assets disposed and impaired	(337)
Effect of change in exchange rates	0
Ending balance, June 30, 2022	0
Other Accrued Costs [Member]
Restructuring Cost and Reserve [Line Items]
Beginning balance, January 1, 2022	5,130
Costs charged to expense	908
Cash payments	(2,388)
Cash receipts	0
Net assets disposed and impaired	0
Effect of change in exchange rates	(178)
Ending balance, June 30, 2022	$ 3,472

Shareholders' Equity Narrative

Shareholders' Equity Narrative (Details) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended		8 Months Ended
	Jun. 30, 2022 $ / shares shares	Mar. 31, 2022 USD ($) $ / shares shares	Jun. 30, 2021 shares	Mar. 31, 2021 USD ($) $ / shares shares	Jun. 30, 2022 $ / shares shares	Jun. 30, 2021 shares	Jun. 30, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Nov. 01, 2021 USD ($)
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	10,000,000
Preferred stock, no par value (in dollars per share) | $ / shares	$ 0				$ 0		$ 0	$ 0
Preferred stock, shares issued (in shares)	0				0		0	0
Preferred stock, shares outstanding (in shares)	0				0		0	0
Stock repurchase program, authorized amount | $									$ 100,000
Stock repurchased during period (in shares)		280,000
Stock Repurchased During Period, Value | $		$ 16,629
Derivative, notional amount | $				$ 84,100
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	900,000		400,000		800,000	500,000
Deferred tax assets, derivative instruments | $				$ 20,600				$ 20,600
Treasury stock, shares, acquired				3,700,000
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
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			3,700,000	3,700,000
Common stock, conversion price (in dollars per share) | $ / shares	$ 126			$ 126
2021 Stock Repurchase Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchased during period (in shares)	0	279,968					405,282
Stock repurchased, average cost per share (in dollars per share) | $ / shares		$ 60.60					$ 61.67
Stock Repurchased During Period, Value | $		$ 17,000					$ 25,000

Shareholders' Equity Accumulate

Shareholders' Equity Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 1,186,752	$ 1,142,759	$ 1,221,168	$ 840,273	$ 1,142,759	$ 840,273
Total other comprehensive income (loss), net of tax	(20,422)	52,815	5,137	(11,783)	32,393	(6,646)
Ending balance	1,133,100	1,186,752	1,200,658	1,221,168	1,133,100	1,200,658
Parent [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	1,160,080	1,116,077	1,196,466	816,548	1,116,077	816,548
Total other comprehensive income (loss), net of tax	(20,422)	52,815	5,137	(11,783)
Ending balance	1,110,110	1,160,080	1,175,278	1,196,466	1,110,110	1,175,278
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		(111,766)		(84,843)	(111,766)	(84,843)
OCI before reclassifications					(27,519)	(9,354)
Amounts reclassified from AOCI					55,436	0
Total other comprehensive income (loss), net of tax					27,917	(9,354)
Ending balance	(83,849)		(94,197)		(83,849)	(94,197)
Net Unrealized Gain (Loss) on Derivative Instruments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		(210)		(1,621)	(210)	(1,621)
OCI before reclassifications					0	607
Amounts reclassified from AOCI					0	701
Total other comprehensive income (loss), net of tax					0	1,308
Ending balance	(210)		(313)		(210)	(313)
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		(21,742)		(37,682)	(21,742)	(37,682)
OCI before reclassifications					4,189	0
Amounts reclassified from AOCI					287	1,400
Total other comprehensive income (loss), net of tax					4,476	1,400
Ending balance	(17,266)		(36,282)		(17,266)	(36,282)
Accumulated Other Comprehensive Income (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		$ (148,098)		$ (138,526)	(148,098)	(138,526)
OCI before reclassifications					(23,330)	(8,747)
Amounts reclassified from AOCI					55,723	2,101
Total other comprehensive income (loss), net of tax					32,393	(6,646)
Ending balance	$ (115,705)		$ (145,172)		$ (115,705)	$ (145,172)

Shareholders' Equity Other Comp

Shareholders' Equity Other Comprehensive Income (Loss) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Before-tax amount [Abstract]
Foreign currency translation adjustment	$ (20,687,000)	$ 5,811,000	$ (27,537,000)	$ (9,114,000)
Foreign currency translation adjustment reclassified to net income for sale of business	0	0	55,436,000	0
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges	0	(2,802,000)	0	625,000
Net hedging (gain) loss reclassified to net income	0	1,582,000	0	1,168,000
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment and Tax	0	0	4,205,000	0
Net defined benefit plan (gain) loss reclassified to net income	214,000	711,000	288,000	1,423,000
Total other comprehensive income (loss), before tax	(20,473,000)	5,302,000	32,392,000	(5,898,000)
Tax (provision) benefit [Abstract]
Foreign currency translation adjustment	59,000	(153,000)	18,000	(240,000)
Foreign currency translation adjustment reclassified to net income for sale of business	0	0	0	0
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges	0	0	0	(18,000)
Net hedging (gain) loss reclassified to net income	0	0	0	(467,000)
Net unrealized gain (loss) on defined benefit plans	(7,000)	0	(16,000)	0
Net defined benefit plan (gain) loss reclassified to net income	(1,000)	(12,000)	(1,000)	(23,000)
Total other comprehensive income (loss) tax (provision) benefit	51,000	(165,000)	1,000	(748,000)
Net-of-tax amount [Abstract]
Foreign currency translation adjustment	(20,628,000)	5,658,000	(27,519,000)	(9,354,000)
Foreign currency translation adjustment reclassified to net income for sale of business	0	0	55,436,000	0
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges	0	(2,802,000)	0	607,000
Net hedging (gain) loss reclassified to net income	0	1,582,000	0	701,000
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, after Tax	(7,000)	0	4,189,000	0
Net defined benefit plan (gain) loss reclassified to net income	213,000	699,000	287,000	1,400,000
Total other comprehensive income (loss), net of tax	$ (20,422,000)	$ 5,137,000	$ 32,393,000	$ (6,646,000)

Schedule of Fair Values of Fina

Schedule of Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Line of Credit
Liabilities
Multicurrency revolving line of credit	$ 0	$ 0
Reported Value Measurement [Member]
Liabilities
Convertible Notes Payable	451,369	450,228
Reported Value Measurement [Member] | Line of Credit
Liabilities
Multicurrency revolving line of credit	0	0
Estimate of Fair Value Measurement [Member]
Liabilities
Convertible Notes Payable	366,146	422,749
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)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Number of reportable segments	3

Information By Segment (Details

Information By Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Revenues	$ 431,882	$ 489,412	$ 907,213	$ 1,008,986
Gross profit	126,105	149,875	261,329	316,919
Operating income (loss)	(33,527)	(6,932)	(26,708)	24,008
Total other income (expense)	(2,697)	(25,729)	(4,761)	(38,428)
Loss before income taxes	(36,224)	(32,661)	(31,469)	(14,420)
Device Solutions [Member]
Segment Reporting Information [Line Items]
Revenues	104,810	162,967	244,375	335,748
Gross profit	13,878	30,452	35,684	62,748
Operating income (loss)	5,459	19,988	17,037	41,689
Networked Solutions Segment [Member]
Segment Reporting Information [Line Items]
Revenues	269,462	265,058	548,282	553,372
Gross profit	89,909	95,953	181,260	208,712
Operating income (loss)	62,282	64,630	123,289	143,921
Outcomes Segment [Member]
Segment Reporting Information [Line Items]
Revenues	57,610	61,387	114,556	119,866
Gross profit	22,318	23,470	44,385	45,459
Operating income (loss)	9,109	12,537	17,450	22,873
Corporate Unallocated [Member]
Segment Reporting Information [Line Items]
Operating income (loss)	(110,377)	(104,087)	(184,484)	(184,475)
Product [Member]
Segment Reporting Information [Line Items]
Revenues	359,898	411,719	759,708	854,523
Product [Member] | Device Solutions [Member]
Segment Reporting Information [Line Items]
Revenues	103,433	160,647	241,319	330,978
Product [Member] | Networked Solutions Segment [Member]
Segment Reporting Information [Line Items]
Revenues	241,592	235,167	490,860	493,870
Product [Member] | Outcomes Segment [Member]
Segment Reporting Information [Line Items]
Revenues	14,873	15,905	27,529	29,675
Service [Member]
Segment Reporting Information [Line Items]
Revenues	71,984	77,693	147,505	154,463
Service [Member] | Device Solutions [Member]
Segment Reporting Information [Line Items]
Revenues	1,377	2,320	3,056	4,770
Service [Member] | Networked Solutions Segment [Member]
Segment Reporting Information [Line Items]
Revenues	27,870	29,891	57,422	59,502
Service [Member] | Outcomes Segment [Member]
Segment Reporting Information [Line Items]
Revenues	$ 42,737	$ 45,482	$ 87,027	$ 90,191

Segment Information Revenues By

Segment Information Revenues By Region (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues from External Customers [Line Items]
Revenues	$ 431,882	$ 489,412	$ 907,213	$ 1,008,986
United States and Canada [Member]
Revenues from External Customers [Line Items]
Revenues	311,831	308,673	629,724	634,209
Europe, Middle East, and Africa [Member]
Revenues from External Customers [Line Items]
Revenues	96,921	150,851	226,227	311,220
Other [Member]
Revenues from External Customers [Line Items]
Revenues	$ 23,130	$ 29,888	$ 51,262	$ 63,557

Depreciation and Amortization,

Depreciation and Amortization, by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Property, Plant and Equipment [Line Items]
Depreciation and amortization of intangible assets	$ 16,414	$ 21,109	$ 33,251	$ 42,919
Corporate, Non-Segment [Member]
Property, Plant and Equipment [Line Items]
Depreciation and amortization of intangible assets	7,362	10,119	14,916	20,232
Device Solutions [Member]
Property, Plant and Equipment [Line Items]
Depreciation and amortization of intangible assets	3,549	5,609	7,483	11,797
Networked Solutions Segment [Member]
Property, Plant and Equipment [Line Items]
Depreciation and amortization of intangible assets	4,285	4,252	8,725	8,527
Outcomes Segment [Member]
Property, Plant and Equipment [Line Items]
Depreciation and amortization of intangible assets	$ 1,218	$ 1,129	$ 2,127	$ 2,363

Revenue Recognition Revenue Con

Revenue Recognition Revenue Contract Assets and Liabilities Rollforward (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Revenue Recognition and Deferred Revenue [Abstract]
Beginning balance, January 1, 2022	$ 83,180
Revenues recognized from beginning contract liability	(46,816)
Cumulative catch-up adjustments	413
Increases due to amounts collected or due	184,487
Revenues recognized from current period increases	(115,354)
Other	(1,377)
Ending balance, June 30, 2022	$ 104,533

Revenue Recognition Narrative (

Revenue Recognition Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Revenue Recognition and Deferred Revenue [Abstract]
Contract with customer, asset, gross	$ 47.3	$ 33.7
Contract with customer, liability	$ 151.8	$ 116.9

Revenue Recognition Remaing Per

Revenue Recognition Remaing Performance Obligation (Details) $ in Millions	Jun. 30, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 1,500
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	$ 1,200
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year

Sale of Business - Narrative (D

Sale of Business - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Foreign currency translation adjustment reclassified to net income for sale of business	$ 0			$ 0	$ (55,436)	$ 0
Disposal Group, Including Discontinued, Interest Received			$ 900
Loss on sale of business	194			$ 24,711	2,415	26,103
Proceeds from divestiture of businesses					$ 55,933	$ 3,142
Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, not discontinued operation, loss (gain) on write-down							$ 34,400
Foreign currency translation adjustment reclassified to net income for sale of business			$ 59,700
Loss on sale of business		$ 55,400
Discontinued Operations, Disposed of by Sale | Dresser
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, not discontinued operation, loss (gain) on write-down							$ 3,100
Disposal group, including discontinued operation, working capital	$ 200	2,200
Disposal group, including discontinued operation, consideration		75,000
Proceeds from divestiture of businesses		$ 55,900