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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Storage rental $ 676,956 $ 669,288 $ 1,360,503 $ 1,332,262
Service 305,283 397,619 690,467 788,508
Total Revenues 982,239 1,066,907 2,050,970 2,120,770
Operating Expenses:        
Cost of sales (excluding depreciation and amortization) 406,693 463,809 873,614 924,455
Selling, general and administrative 241,947 252,156 480,680 520,867
Depreciation and amortization 163,850 164,331 326,434 326,814
Significant Acquisition Costs (see Note 2.o.) 0 1,901 0 4,647
Restructuring Charges (see Note 10) 39,298 0 80,344 0
Intangible impairments (see Note 2.b.) 0 0 23,000 0
(Gain) Loss on disposal/write-down of property, plant and equipment, net (see Note 2.l.) (1,275) (8,405) (2,330) (7,803)
Total Operating Expenses 850,513 873,792 1,781,742 1,768,980
Operating Income (Loss) 131,726 193,115 269,228 351,790
Interest Expense, Net (includes interest income of $2,567 and $1,461 for the three months ended June 30, 2020 and 2019, respectively) 103,456 105,314 209,105 207,750
Other Expense (Income), Net 25,700 (15,192) (17,026) 18
Income (Loss) from Continuing Operations Before Provision (Benefit) for Income Taxes 2,570 102,993 77,149 144,022
Provision (Benefit) for Income Taxes 9,683 10,646 19,370 21,199
(Loss) Income from Continuing Operations (7,113) 92,347 57,779 122,823
Income (Loss) from Discontinued Operations, Net of Tax 0 128 0 104
Net Income (Loss) (7,113) 92,475 57,779 122,927
Less: Net (Loss) Income Attributable to Noncontrolling Interests (27) 34 890 925
Net (Loss) Income Attributable to Iron Mountain Incorporated $ (7,086) $ 92,441 $ 56,889 $ 122,002
(Losses) Earnings per Share—Basic:        
Income (Loss) from Continuing Operations (in dollars per share) $ (0.02) $ 0.32 $ 0.20 $ 0.43
Total Income (Loss) from Discontinued Operations, Net of Tax (in dollars per share) 0 0 0 0
Net Income (Loss) Attributable to Iron Mountain Incorporated (in dollars per share) (0.02) 0.32 0.20 0.43
(Losses) Earnings per Share—Diluted:        
Income (Loss) from Continuing Operations (in dollars per share) (0.02) 0.32 0.20 0.42
Total Income (Loss) from Discontinued Operations, Net of Tax (in dollars per share) 0 0 0 0
Net Income (Loss) Attributable to Iron Mountain Incorporated (in dollars per share) $ (0.02) $ 0.32 $ 0.20 $ 0.42
Weighted Average Common Shares Outstanding-Basic (in shares) 288,071,000 286,925,000 287,955,000 286,727,000
Weighted Average Common Shares Outstanding-Diluted (in shares) 288,071,000 287,481,288 288,300,617 287,487,056