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Segment Information
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
Our reportable segments as of December 31, 2023 are described in Note 11 to Notes to Consolidated Financial Statements included in our Annual Report and are as follows:
•Global RIM Business
•Global Data Center Business
The remaining activities of our business consist primarily of our Fine Arts and ALM businesses and other corporate items ("Corporate and Other").
The operations associated with acquisitions completed during the first three months of 2024 have been incorporated into our existing reportable segments.
An analysis of our business segment information and reconciliation to the accompanying Condensed Consolidated Financial Statements for the three months ended March 31, 2024 and 2023 is as follows:
THREE MONTHS ENDED MARCH 31,
20242023
Global RIM Business
Total Revenues$1,210,157 $1,126,526 
Adjusted EBITDA526,268 477,784 
Global Data Center Business
Total Revenues$143,937 $112,305 
Adjusted EBITDA61,568 50,635 
Corporate and Other
Total Revenues$122,769 $75,518 
Adjusted EBITDA(68,981)(67,611)
Total Consolidated
Total Revenues$1,476,863 $1,314,349 
Adjusted EBITDA518,855 460,808 
Adjusted EBITDA for each segment is defined as net income (loss) before interest expense, net, provision (benefit) for income taxes, depreciation and amortization (inclusive of our share of Adjusted EBITDA from our unconsolidated joint ventures), and excluding certain items we do not believe to be indicative of our core operating results, specifically:
EXCLUDED
•Acquisition and Integration Costs
•Restructuring and other transformation
•Loss (gain) on disposal/write-down of property, plant and equipment, net (including real estate)
•Other (income) expense, net
•Stock-based compensation expense

Internally, we use Adjusted EBITDA as the basis for evaluating the performance of, and allocating resources to, our operating segments.
A reconciliation of Net Income (Loss) to Adjusted EBITDA on a consolidated basis for the three months ended March 31, 2024 and 2023 is as follows:
 THREE MONTHS ENDED MARCH 31,
20242023
Net Income (Loss)$77,025 $65,535 
Add/(Deduct):
Interest expense, net164,519 137,169 
Provision (benefit) for income taxes16,609 16,758 
Depreciation and amortization209,555 182,094 
Acquisition and Integration Costs7,809 1,595 
Restructuring and other transformation40,767 36,913 
Loss (gain) on disposal/write-down of property, plant and equipment, net (including real estate)389 (13,061)
Other (income) expense, net, excluding our share of losses (gains) from our unconsolidated joint ventures
(13,110)17,491 
Stock-based compensation expense14,039 12,509 
Our share of Adjusted EBITDA reconciling items from our unconsolidated joint ventures1,253 3,805 
Adjusted EBITDA$518,855 $460,808 
Information as to our revenues by product and service lines by segment for the three months ended March 31, 2024 and 2023 is as follows:
THREE MONTHS ENDED MARCH 31,
20242023
Global RIM Business
Records Management(1)
$936,652 $867,988 
Data Management(1)
132,050 129,594 
Information Destruction(1)(2)
141,455 128,944 
Data Center(1)
— — 
Global Data Center Business
Records Management(1)
$— $— 
Data Management(1)
— — 
Information Destruction(1)
— — 
Data Center(1)
143,937 112,305 
Corporate and Other
Records Management(1)
$39,072 $34,348 
Data Management(1)
— — 
Information Destruction(1)(3)
83,697 41,170 
Data Center(1)
— — 
Total Consolidated
Records Management(1)
$975,724 $902,336 
Data Management(1)
132,050 129,594 
Information Destruction(1)(2)(3)
225,152 170,114 
Data Center(1)
143,937 112,305 
(1)Each of these offerings has a component of revenue that is storage rental related and a component that is service related, except for information destruction, which does not have a storage rental component.
(2)Information destruction revenue for our Global RIM Business includes secure shredding services.
(3)Information destruction revenue for Corporate and Other includes product revenue from our ALM business.