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Segment Information Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2020
Segment Reporting [Abstract] |
Schedule of analysis of business segment information | An analysis of our business segment information and reconciliation to the accompanying Condensed Consolidated Financial Statements is as follows:
| Global RIM Business |  | Global Data Center Business |  | Corporate and Other Business |  | Total Consolidated
For the Three Months Ended June 30, 2020 |  |  |  |  |  |  |
Total Revenues | $ | 877,102 |  |  | $ | 66,768 |  |  | $ | 38,369 |  |  | $ | 982,239 |
Storage Rental | 584,402 |  |  | 63,812 |  |  | 28,742 |  |  | 676,956 |
Service | 292,700 |  |  | 2,956 |  |  | 9,627 |  |  | 305,283 |
Depreciation and Amortization | 113,352 |  |  | 34,850 |  |  | 15,648 |  |  | 163,850 |
Depreciation | 76,589 |  |  | 22,412 |  |  | 13,927 |  |  | 112,928 |
Amortization | 36,763 |  |  | 12,438 |  |  | 1,721 |  |  | 50,922 |
Adjusted EBITDA | 383,816 |  |  | 30,558 |  |  | (71,490 | ) |  | 342,884 |
Expenditures for Segment Assets | 37,892 |  |  | 68,823 |  |  | 8,131 |  |  | 114,846 |
Capital Expenditures | 26,377 |  |  | 68,506 |  |  | 8,131 |  |  | 103,014 |
Cash Paid for Acquisitions, Net of Cash Acquired | 443 |  |  | — |  |  | — |  |  | 443 |
Acquisitions of Customer Relationships, Customer Inducements and Contract Fulfillment Costs | 11,072 |  |  | 317 |  |  | — |  |  | 11,389 |
For the Three Months Ended June 30, 2019 |  |  |  |  |  |  |
Total Revenues | $ | 954,856 |  |  | $ | 62,291 |  |  | $ | 49,760 |  |  | $ | 1,066,907 |
Storage Rental | 579,575 |  |  | 60,582 |  |  | 29,131 |  |  | 669,288 |
Service | 375,281 |  |  | 1,709 |  |  | 20,629 |  |  | 397,619 |
Depreciation and Amortization | 117,873 |  |  | 32,671 |  |  | 13,787 |  |  | 164,331 |
Depreciation | 82,776 |  |  | 19,027 |  |  | 11,919 |  |  | 113,722 |
Amortization | 35,097 |  |  | 13,644 |  |  | 1,868 |  |  | 50,609 |
Adjusted EBITDA | 395,579 |  |  | 27,641 |  |  | (72,278 | ) |  | 350,942 |
Expenditures for Segment Assets | 94,836 |  |  | 102,477 |  |  | 12,931 |  |  | 210,244 |
Capital Expenditures | 68,403 |  |  | 101,032 |  |  | 12,931 |  |  | 182,366 |
Cash Paid for Acquisitions, Net of Cash Acquired | 5,228 |  |  | — |  |  | — |  |  | 5,228 |
Acquisitions of Customer Relationships, Customer Inducements and Contract Fulfillment Costs and third-party commissions | 21,205 |  |  | 1,445 |  |  | — |  |  | 22,650 |
| Global RIM Business |  | Global Data Center Business |  | Corporate and Other Business |  | Total Consolidated
For the Six Months Ended June 30, 2020 |  |  |  |  |  |  |
Total Revenues | $ | 1,833,521 |  |  | $ | 134,125 |  |  | $ | 83,324 |  |  | $ | 2,050,970 |
Storage Rental | 1,174,415 |  |  | 128,407 |  |  | 57,681 |  |  | 1,360,503 |
Service | 659,106 |  |  | 5,718 |  |  | 25,643 |  |  | 690,467 |
Depreciation and Amortization | 225,564 |  |  | 70,117 |  |  | 30,753 |  |  | 326,434 |
Depreciation | 155,628 |  |  | 44,320 |  |  | 26,680 |  |  | 226,628 |
Amortization | 69,936 |  |  | 25,797 |  |  | 4,073 |  |  | 99,806 |
Adjusted EBITDA | 775,787 |  |  | 61,454 |  |  | (131,280 | ) |  | 705,961 |
Total Assets(1) | 10,576,969 |  |  | 2,561,441 |  |  | 1,229,143 |  |  | 14,367,553 |
Expenditures for Segment Assets | 214,392 |  |  | 112,383 |  |  | 20,488 |  |  | 347,263 |
Capital Expenditures | 68,075 |  |  | 111,595 |  |  | 20,488 |  |  | 200,158 |
Cash Paid for Acquisitions, Net of Cash Acquired | 118,512 |  |  | — |  |  | — |  |  | 118,512 |
Acquisitions of Customer Relationships, Customer Inducements and Contract Fulfillment Costs | 27,805 |  |  | 788 |  |  | — |  |  | 28,593 |
For the Six Months Ended June 30, 2019 |  |  |  |  |  |  |
Total Revenues | $ | 1,900,739 |  |  | $ | 123,827 |  |  | $ | 96,204 |  |  | $ | 2,120,770 |
Storage Rental | 1,155,348 |  |  | 120,300 |  |  | 56,614 |  |  | 1,332,262 |
Service | 745,391 |  |  | 3,527 |  |  | 39,590 |  |  | 788,508 |
Depreciation and Amortization | 233,928 |  |  | 64,303 |  |  | 28,583 |  |  | 326,814 |
Depreciation | 165,701 |  |  | 38,040 |  |  | 24,592 |  |  | 228,333 |
Amortization | 68,227 |  |  | 26,263 |  |  | 3,991 |  |  | 98,481 |
Adjusted EBITDA | 761,415 |  |  | 53,652 |  |  | (139,619 | ) |  | 675,448 |
Total Assets(1) | 10,779,505 |  |  | 2,330,535 |  |  | 610,942 |  |  | 13,720,982 |
Expenditures for Segment Assets | 217,993 |  |  | 256,182 |  |  | 28,169 |  |  | 502,344 |
Capital Expenditures | 119,893 |  |  | 222,589 |  |  | 24,649 |  |  | 367,131 |
Cash Paid for Acquisitions, Net of Cash Acquired | 41,131 |  |  | — |  |  | 3,520 |  |  | 44,651 |
Acquisitions of Customer Relationships, Customer Inducements and Contract Fulfillment Costs and third-party commissions | 56,969 |  |  | 33,593 |  |  | — |  |  | 90,562 |
_______________________________________________________________
(1) | Excludes all intercompany receivables or payables and investment in subsidiary balances.
Schedule of reconciliation of adjusted EBITDA to income from continuing operations | A reconciliation of (Loss) Income from Continuing Operations to Adjusted EBITDA on a consolidated basis for the three and six months ended June 30, 2020 and 2019 is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
(Loss) Income from Continuing Operations | $ | (7,113 | ) |  | $ | 92,347 |  |  | $ | 57,779 |  |  | $ | 122,823 |
Add/(Deduct): |  |  |  |  |  |  |
Provision (Benefit) for Income Taxes | 9,683 |  |  | 10,646 |  |  | 19,370 |  |  | 21,199 |
Other Expense (Income), Net | 25,700 |  |  | (15,192 | ) |  | (17,026 | ) |  | 18 |
Interest Expense, Net | 103,456 |  |  | 105,314 |  |  | 209,105 |  |  | 207,750 |
(Gain) Loss on disposal/write-down of property, plant and equipment, net | (1,275 | ) |  | (8,405 | ) |  | (2,330 | ) |  | (7,803 | )
Depreciation and amortization | 163,850 |  |  | 164,331 |  |  | 326,434 |  |  | 326,814 |
Significant Acquisition Costs | — |  |  | 1,901 |  |  | — |  |  | 4,647 |
Restructuring Charges | 39,298 |  |  | — |  |  | 80,344 |  |  | — |
COVID-19 Costs(1) | 9,285 |  |  | — |  |  | 9,285 |  |  | — |
Intangible impairments | — |  |  | — |  |  | 23,000 |  |  | — |
Adjusted EBITDA | $ | 342,884 |  |  | $ | 350,942 |  |  | $ | 705,961 |  |  | $ | 675,448 |
_______________________________________________________________
(1) | Costs that are incremental and directly attributable to the COVID-19 pandemic which are not expected to recur once the pandemic ends ("COVID-19 Costs"). For the three and six months ended June 30, 2020, approximately $7,600 and $1,600 of COVID-19 Costs are included within in Cost of sales and Selling, general and administrative expenses, respectively, on our Condensed Consolidated Statements of Operations. These costs primarily consist of incremental cleaning costs, the purchase of personal protective equipment for our employees and legal and professional fees.
Schedule of revenues by product and service lines by segment |
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
(Loss) Income from Continuing Operations | $ | (7,113 | ) |  | $ | 92,347 |  |  | $ | 57,779 |  |  | $ | 122,823 |
Add/(Deduct): |  |  |  |  |  |  |
Provision (Benefit) for Income Taxes | 9,683 |  |  | 10,646 |  |  | 19,370 |  |  | 21,199 |
Other Expense (Income), Net | 25,700 |  |  | (15,192 | ) |  | (17,026 | ) |  | 18 |
Interest Expense, Net | 103,456 |  |  | 105,314 |  |  | 209,105 |  |  | 207,750 |
(Gain) Loss on disposal/write-down of property, plant and equipment, net | (1,275 | ) |  | (8,405 | ) |  | (2,330 | ) |  | (7,803 | )
Depreciation and amortization | 163,850 |  |  | 164,331 |  |  | 326,434 |  |  | 326,814 |
Significant Acquisition Costs | — |  |  | 1,901 |  |  | — |  |  | 4,647 |
Restructuring Charges | 39,298 |  |  | — |  |  | 80,344 |  |  | — |
COVID-19 Costs(1) | 9,285 |  |  | — |  |  | 9,285 |  |  | — |
Intangible impairments | — |  |  | — |  |  | 23,000 |  |  | — |
Adjusted EBITDA | $ | 342,884 |  |  | $ | 350,942 |  |  | $ | 705,961 |  |  | $ | 675,448 |
_______________________________________________________________
(1) | Costs that are incremental and directly attributable to the COVID-19 pandemic which are not expected to recur once the pandemic ends ("COVID-19 Costs"). For the three and six months ended June 30, 2020, approximately $7,600 and $1,600 of COVID-19 Costs are included within in Cost of sales and Selling, general and administrative expenses, respectively, on our Condensed Consolidated Statements of Operations. These costs primarily consist of incremental cleaning costs, the purchase of personal protective equipment for our employees and legal and professional fees.
Information as to our revenues by product and service lines by segment for the three and six months ended June 30, 2020 and 2019 are as follows:
| Global RIM Business |  | Global Data Center Business |  | Corporate and Other Business |  | Total Consolidated
For the Three Months Ended June 30, 2020 |  |  |  |  |  |  |
Records Management(1) | $ | 678,969 |  |  | $ | — |  |  | $ | 21,079 |  |  | $ | 700,048 |
Data Management(1) | 119,259 |  |  | — |  |  | 17,290 |  |  | 136,549 |
Information Destruction(1)(2) | 78,874 |  |  | — |  |  | — |  |  | 78,874 |
Data Center | — |  |  | 66,768 |  |  | — |  |  | 66,768 |
Total Revenues | $ | 877,102 |  |  | $ | 66,768 |  |  | $ | 38,369 |  |  | $ | 982,239 |
For the Three Months Ended June 30, 2019 |  |  |  |  |  |  |
Records Management(1) | $ | 716,605 |  |  | $ | — |  |  | $ | 34,177 |  |  | $ | 750,782 |
Data Management(1) | 128,847 |  |  | — |  |  | 15,583 |  |  | 144,430 |
Information Destruction(1)(2) | 109,404 |  |  | — |  |  | — |  |  | 109,404 |
Data Center | — |  |  | 62,291 |  |  | — |  |  | 62,291 |
Total Revenues | $ | 954,856 |  |  | $ | 62,291 |  |  | $ | 49,760 |  |  | $ | 1,066,907 |
For the Six Months Ended June 30, 2020 |  |  |  |  |  |  |
Records Management(1) | $ | 1,406,585 |  |  | $ | — |  |  | $ | 49,955 |  |  | $ | 1,456,540 |
Data Management(1) | 245,157 |  |  | — |  |  | 33,369 |  |  | 278,526 |
Information Destruction(1)(2) | 181,779 |  |  | — |  |  | — |  |  | 181,779 |
Data Center | — |  |  | 134,125 |  |  | — |  |  | 134,125 |
Total Revenues | $ | 1,833,521 |  |  | $ | 134,125 |  |  | $ | 83,324 |  |  | $ | 2,050,970 |
For the Six Months Ended June 30, 2019 |  |  |  |  |  |  |
Records Management(1) | $ | 1,417,703 |  |  | $ | — |  |  | $ | 66,475 |  |  | $ | 1,484,178 |
Data Management(1) | 261,949 |  |  | — |  |  | 29,729 |  |  | 291,678 |
Information Destruction(1)(2) | 221,087 |  |  | — |  |  | — |  |  | 221,087 |
Data Center | — |  |  | 123,827 |  |  | — |  |  | 123,827 |
Total Revenues | $ | 1,900,739 |  |  | $ | 123,827 |  |  | $ | 96,204 |  |  | $ | 2,120,770 |
_______________________________________________________________
(1) | Each of the offerings within our product and service lines has a component of revenue that is storage rental related and a component that is service revenues, except for information destruction, which does not have a storage rental component.
(2) Includes secure shredding services.

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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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