As a result of a realignment in senior management reporting structure during the first quarter of 2015, we modified our internal financial reporting to better align internal reporting with how we manage our business. These modifications resulted in the separation of our former International Business segment into two unique reportable operating segments, which we refer to as (1) Western European Business segment and (2) Other International Business segment. Additionally, during the first quarter of 2015, we reassessed the nature of certain costs which were previously being allocated to the North American Records and Information Management Business and North American Data Management Business segments. As a result of this reassessment, we determined that certain product management functions, which were previously being performed to solely benefit our North American operating segments, are now being performed in a manner that benefits the enterprise as a whole. Accordingly, the costs associated with these product management functions are now included within the Corporate and Other Business segment. Previously reported segment information has been restated to conform to the current period presentation.

Our five reportable operating segments are described as follows:

•

North American Records and Information Management Business—storage and information management services throughout the United States and Canada, including the storage of paper documents, as well as other media such as microfilm and microfiche, master audio and videotapes, film, X‑rays and blueprints, including healthcare information services, vital records services, service and courier operations, and the collection, handling and disposal of sensitive documents for corporate customers (“Records Management”); information destruction services (“Destruction”); DMS; Fulfillment Services; and Intellectual Property Management.

•

North American Data Management Business—storage and rotation of backup computer media as part of corporate disaster recovery plans throughout the United States and Canada, including service and courier operations (“Data Protection & Recovery”); server and computer backup services; digital content repository systems to house, distribute, and archive key media assets; and storage, safeguarding and electronic or physical delivery of physical media of all types, primarily for entertainment and media industry clients.


•	Western European Business—Records Management, Data Protection & Recovery and DMS throughout the United Kingdom, Ireland, Norway, Austria, Belgium, France, Germany, Netherlands, Spain and Switzerland. Until December 2014, our Western European Business segment offered Destruction in the United Kingdom and Ireland.

•

Other International Business—storage and information management services throughout the remaining European countries in which we operate, Latin America and Asia Pacific, including Records Management, Data Protection & Recovery and DMS. Our European operations included within the Other International Business segment provide Records Management, Data Protection & Recovery and DMS. Our Latin America operations provide Records Management, Data Protection & Recovery, Destruction and DMS throughout Argentina, Brazil, Chile, Colombia, Mexico and Peru. Our Asia Pacific operations provide Records Management, Data Protection & Recovery and DMS throughout Australia, with Records Management and Data Protection & Recovery also provided in certain cities in India, Singapore, Hong Kong‑SAR and China. Until December 2014, our Other International Business segment offered Destruction in Australia.

•

Corporate and Other Business—consists of our data center business in the United States, the primary product offering of our Emerging Businesses segment, as well as costs related to executive and staff functions, including finance, human resources and information technology, which benefit the enterprise as a whole. These costs are primarily related to the general management of these functions on a corporate level and the design and development of programs, policies and procedures that are then implemented in the individual segments, with each segment bearing its own cost of implementation. Our Corporate and Other Business segment also includes stock‑based employee compensation expense associated with all Employee Stock‑Based Awards.

An analysis of our business segment information and reconciliation to the accompanying Consolidated Financial Statements is as follows:



	North American Records and Information Management Business			North American Data Management Business			Western European Business			Other International Business		Corporate and Other Business			Total Consolidated
Three Months Ended June 30, 2014
Total Revenues	$	452,271		$	97,551		$	118,397		$	115,193	$	3,480		$	786,892
Depreciation and Amortization	42,807			4,938			14,421			17,378		9,397			88,941
Depreciation	38,144			4,876			12,058			11,973		9,353			76,404
Amortization	4,663			62			2,363			5,405		44			12,537
Adjusted OIBDA	175,427			59,420			34,395			21,309		(48,702		)	241,849
Expenditures for Segment Assets	41,448			4,813			9,257			40,619		9,389			105,526
Capital Expenditures	34,678			4,702			8,672			23,448		9,389			80,889
Cash Paid for Acquisitions, Net of Cash Acquired	(161		)	(40		)	—			15,786		—			15,585
Additions to Customer Relationship and Acquisition Costs	6,931			151			585			1,385		—			9,052
Three Months Ended June 30, 2015
Total Revenues	448,887			99,600			100,160			106,422		4,665			759,734
Depreciation and Amortization	46,293			5,498			11,772			14,574		9,412			87,549
Depreciation	41,335			5,300			10,288			9,984		9,317			76,224
Amortization	4,958			198			1,484			4,590		95			11,325
Adjusted OIBDA	176,787			50,622			27,895			20,050		(52,126		)	223,228
Expenditures for Segment Assets	44,467			9,039			4,950			20,754		15,617			94,827
Capital Expenditures	30,929			2,039			4,140			14,254		13,218			64,580
Cash Paid for Acquisitions, Net of Cash Acquired	8,178			—			(309		)	5,015		2,399			15,283
Additions to Customer Relationship and Acquisition Costs	5,360			7,000			1,119			1,485		—			14,964
Six Months Ended June 30, 2014
Total Revenues	898,403			194,275			235,528			222,492		6,320			1,557,018
Depreciation and Amortization	88,313			9,968			28,761			31,797		16,535			175,374
Depreciation	78,965			9,841			24,072			21,748		16,491			151,117
Amortization	9,348			127			4,689			10,049		44			24,257
Adjusted OIBDA	344,636			114,088			68,958			45,509		(102,818		)	470,373
Total Assets (1)	3,664,360			656,722			1,115,151			1,039,668		259,223			6,735,124
Expenditures for Segment Assets	90,714			10,320			20,044			94,773		36,470			252,321
Capital Expenditures	77,239			10,209			18,646			46,181		36,470			188,745
Cash Paid for Acquisitions, Net of Cash Acquired	(1,077		)	(40		)	296			47,187		—			46,366
Additions to Customer Relationship and Acquisition Costs	14,552			151			1,102			1,405		—			17,210
Six Months Ended June 30, 2015
Total Revenues	891,574			196,835			200,972			210,413		9,226			1,509,020
Depreciation and Amortization	91,596			10,842			23,211			28,839		19,012			173,500
Depreciation	81,671			10,584			20,274			19,616		18,870			151,015
Amortization	9,925			258			2,937			9,223		142			22,485
Adjusted OIBDA	358,267			101,910			57,348			40,885		(103,964		)	454,446
Total Assets (1)	3,632,747			652,212			945,859			930,181		261,578			6,422,577
Expenditures for Segment Assets	86,842			13,988			12,538			43,302		28,607			185,277
Capital Expenditures	64,109			6,946			8,550			33,543		26,208			139,356
Cash Paid for Acquisitions, Net of Cash Acquired	8,778			(21		)	2,510			8,048		2,399			21,714
Additions to Customer Relationship and Acquisition Costs	13,955			7,063			1,478			1,711		—			24,207

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(1)	Excludes all intercompany receivables or payables and investment in subsidiary balances.

The accounting policies of the reportable segments are the same as those described in Note 2. Adjusted OIBDA for each segment is defined as operating income before depreciation, amortization, intangible impairments, (gain) loss on disposal/write-down of property, plant and equipment, net (excluding real estate), Recall Costs (as defined below) and REIT Costs (as defined below) directly attributable to the segment. Internally, we use Adjusted OIBDA as the basis for evaluating the performance of, and allocating resources to, our operating segments.

A reconciliation of Adjusted OIBDA to income (loss) from continuing operations before provision (benefit) for income taxes and (gain) loss on sale of real estate on a consolidated basis is as follows:



	Three Months Ended June 30,					Six Months Ended June 30,
	2014			2015		2014		2015
Adjusted OIBDA	$	241,849		$	223,228	$	470,373	$	454,446
Less: Depreciation and Amortization	88,941			87,549		175,374		173,500
(Gain) Loss on Disposal/Write-Down of Property, Plant and Equipment (Excluding Real Estate), Net	(107		)	515		1,045		848
Recall Costs(1)	—			5,662		—		5,662
REIT Costs(2)	5,725			—		14,048		—
Interest Expense, Net	62,201			66,087		124,513		130,985
Other (Income) Expense, Net	(4,838		)	2,004		479		24,353
Income (Loss) from Continuing Operations before (Benefit) Provision for Income Taxes and Gain on Sale of Real Estate	$	89,927		$	61,411	$	154,914	$	119,098

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(1)	Includes costs associated with our proposed acquisition of Recall, including costs to complete the acquisition (including advisory and professional fees) as well as costs incurred once we close the Recall Transaction to integrate Recall with our existing operations (including moving, severance, facility upgrade, REIT conversion and system upgrade costs) ("Recall Costs").


(2)	Includes costs associated with our conversion to a REIT, excluding REIT compliance costs beginning January 1, 2014 which we expect to recur in future periods ("REIT Costs").