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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Storage rental $ 696,294 $ 673,318 $ 2,056,797 $ 2,005,580
Service 340,353 388,906 1,030,820 1,177,414
Total Revenues 1,036,647 1,062,224 3,087,617 3,182,994
Operating Expenses:        
Cost of sales (excluding depreciation and amortization) 434,505 449,372 1,308,119 1,373,827
Selling, general and administrative 232,095 237,151 712,775 758,018
Depreciation and amortization 157,252 157,561 483,686 484,375
Significant Acquisition Costs (see Note 2.o.) 0 3,950 0 8,597
Restructuring Charges (see Note 10) 48,371 0 128,715 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.) (75,840) (9,284) (78,170) (17,087)
Total Operating Expenses 796,383 838,750 2,578,125 2,607,730
Operating Income (Loss) 240,264 223,474 509,492 575,264
Interest Expense, Net (includes interest income of $2,476 and $1,558 for the three months ended September 30, 2020 and 2019, respectively) 104,303 106,677 313,408 314,427
Other Expense (Income), Net 83,465 (13,415) 66,439 (13,397)
Income (Loss) from Continuing Operations Before Provision (Benefit) for Income Taxes 52,496 130,212 129,645 274,234
Provision (Benefit) for Income Taxes 13,934 21,928 33,304 43,127
Income (Loss) from Continuing Operations 38,562 108,284 96,341 231,107
Income (Loss) from Discontinued Operations, Net of Tax 0 0 0 104
Net Income (Loss) 38,562 108,284 96,341 231,211
Less: Net income (loss) attributable to noncontrolling interests 168 609 1,058 1,534
Net Income (Loss) Attributable to Iron Mountain Incorporated $ 38,394 $ 107,675 $ 95,283 $ 229,677
Earnings (Losses) per Share—Basic:        
Income (Loss) from Continuing Operations (in dollars per share) $ 0.13 $ 0.37 $ 0.33 $ 0.80
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) 0.13 0.37 0.33 0.80
Earnings (Losses) per Share—Diluted:        
Income (Loss) from Continuing Operations (in dollars per share) 0.13 0.37 0.33 0.80
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) $ 0.13 $ 0.37 $ 0.33 $ 0.80
Weighted Average Common Shares Outstanding-Basic (in shares) 288,403,000 287,152,000 288,105,000 286,869,000
Weighted Average Common Shares Outstanding-Diluted (in shares) 288,810,701 287,690,833 288,471,311 287,555,315