Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (Unaudited)



Quarter Ended	March 31			June 30			September 30			December 31
2019
Total revenues	$	1,053,863		$	1,066,907		$	1,062,224		$	1,079,590
Operating income (loss)	158,675			193,115			223,474			206,074
Income (loss) from continuing operations	30,476			92,347			108,284			37,104
Total (loss) income from discontinued operations	(24		)	128			—			—
Net income (loss)	30,452			92,475			108,284			37,104
Net income (loss) attributable to Iron Mountain Incorporated	29,561			92,441			107,675			37,700		(1)
Earnings (losses) per Share-Basic:
Income (loss) per share from continuing operations	0.10			0.32			0.37			0.13
Total (loss) income per share from discontinued operations	—			—			—			—
Net income (loss) per share attributable to Iron Mountain Incorporated	0.10			0.32			0.37			0.13
Earnings (losses) per Share-Diluted:
Income (loss) per share from continuing operations	0.10			0.32			0.37			0.13
Total (loss) income per share from discontinued operations	—			—			—			—
Net income (loss) per share attributable to Iron Mountain Incorporated	0.10			0.32			0.37			0.13
2018
Total revenues	$	1,042,458		$	1,060,823		$	1,060,991		$	1,061,489
Operating income (loss)	157,119			201,460			195,635			254,053
Income (loss) from continuing operations(2)	39,389			92,263			77,349			158,557
Total (loss) income from discontinued operations	(462		)	(360		)	(11,605		)	—
Net income (loss)	38,927			91,903			65,744			158,557
Net income (loss) attributable to Iron Mountain Incorporated	38,459			91,761			65,869			157,844		(3)
Earnings (losses) per Share-Basic:
Income (loss) per share from continuing operations	0.14			0.32			0.27			0.55
Total (loss) income per share from discontinued operations	—			—			(0.04		)	—
Net income (loss) per share attributable to Iron Mountain Incorporated	0.13			0.32			0.23			0.55
Earnings (losses) per Share-Diluted:
Income (loss) per share from continuing operations	0.14			0.32			0.27			0.55
Total (loss) income per share from discontinued operations	—			—			(0.04		)	—
Net income (loss) per share attributable to Iron Mountain Incorporated	0.13			0.32			0.23			0.55

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(1)

The change in net income (loss) attributable to Iron Mountain Incorporated in the fourth quarter of 2019 compared to the third quarter of 2019 is primarily attributable to (i) an increase of approximately $63,000 in losses on foreign currency transactions in the fourth quarter of 2019 compared to the third quarter of 2019, (ii) Restructuring Charges of $48,600, which began in the fourth quarter of 2019 (as described in Note 14), partially offset by (iii) an increase in net gains on disposal/write-down of property, plant and equipment of $37,500 recorded during the fourth quarter of 2019 compared to the third quarter of 2019 and (iv) a decrease of approximately $5,100 in the provision for income taxes recorded in the fourth quarter of 2019 compared to the third quarter of 2019.


(2)	Income (loss) from continuing operations reflects the immaterial restatement described in Note 2.y., which reduced Income (loss) from continuing operations for the three month periods ended March 31, 2018, June 30, 2018, September 30, 2018 and December 31, 2018 by $6,225, $1,640, $1,279 and $274, respectively.

(3)

The change in net income (loss) attributable to Iron Mountain Incorporated in the fourth quarter of 2018 compared to the third quarter of 2018 is primarily attributable to (i) gains of approximately $62,500 recorded during the fourth quarter of 2018 associated with the sale of land and buildings in the United Kingdom (see Note 2.g.), (ii) a gain on disposal/write-down of property, plant and equipment (excluding real estate) recorded during the fourth quarter of 2018 of approximately $8,800 related to the receipt of insurance proceeds related to the involuntary conversion of certain assets in a facility we own in Argentina (see Note 2.g.), (iii) a decrease in the provision for income taxes recorded in the fourth quarter of 2018 compared to the third quarter of 2018 of approximately $11,200, (iv) an increase in gains on foreign currency transactions in the fourth quarter of 2018 compared to the third quarter of 2018 of approximately $20,000 and (v) a charge of $11,100 recorded during the third quarter of 2018 relating to the resolution of the post-closing adjustments to the Access Contingent Consideration (as defined and discussed in Note 13) that did not recur during the fourth quarter of 2018.