Segment Information

3 Months Ended

Mar. 31, 2012

Segment Information

Segment Information

(7) Segment Information

        Our operating segments and Corporate are described as follows:

• •

  North American Business—information management services throughout the United States and Canada, including the storage of paper documents, as well as other media such as microfilm and microfiche, master audio and videotapes, film, X-rays and blueprints, including healthcare information services, vital records services, service and courier operations, and the collection, handling and disposal of sensitive documents for corporate customers ("Hard Copy"); the storage and rotation of backup computer media as part of corporate disaster recovery plans, including service and courier operations ("Data Protection"); information destruction services ("Destruction"); the scanning, imaging and document conversion services of active and inactive records ("Hybrid Services"); the storage, assembly, and detailed reporting of customer marketing literature and delivery to sales offices, trade shows and prospective customers' sites based on current and prospective customer orders ("Fulfillment"); and technology escrow services that protect and manage source code.

  •

  International Business—information management services throughout Europe, Latin America and Asia Pacific, including Hard Copy, Data Protection, Destruction and Hybrid Services. Our European operations provide Hard Copy, Data Protection and Hybrid Services throughout Europe and Destruction services are primarily provided in the United Kingdom and Ireland. Our Latin America operations provide Hard Copy, Data Protection, Destruction and Hybrid Services throughout Argentina, Brazil, Chile, Mexico and Peru. Our Asia Pacific operations provide Hard Copy, Data Protection, Destruction and Hybrid Services throughout Australia, with Hard Copy and Data Protection services also provided in certain cities in India, Singapore, Hong Kong-SAR and China.

  •

  Corporate—consists of costs related to executive and staff functions, including finance, human resources and information technology, which benefit the enterprise as a whole. These costs are primarily related to the general management of these functions on a corporate level and the design and development of programs, policies and procedures that are then implemented in the individual segments, with each segment bearing its own cost of implementation. Corporate also includes stock-based employee compensation expense associated with all Employee Stock-Based Awards.

        An analysis of our business segment information and reconciliation to the consolidated financial statements is as follows:

	North American Business		International Business		Corporate			Total Consolidated
Three Months Ended March 31, 2011
Total Revenues	$	555,298	$	190,711	$	—		$	746,009
Depreciation and Amortization		45,416		25,421		9,326			80,163
Depreciation		42,453		21,599		9,286			73,338
Amortization		2,963		3,822		40			6,825
Adjusted OIBDA		227,975		38,878		(49,554	)		217,299
Total Assets(1)		4,310,523		1,792,908		384,173			6,487,604
Expenditures for Segment Assets		36,050		47,724		6,032			89,806
Capital Expenditures		28,785		17,391		6,032			52,208
Cash Paid for Acquisitions, Net of Cash acquired		5,029		29,676		—			34,705
Additions to Customer Relationship and Acquisition Costs		2,236		657		—			2,893
Three Months Ended March 31, 2012
Total Revenues		552,311		194,187		—			746,498
Depreciation and Amortization		44,514		25,407		8,087			78,008
Depreciation		41,396		20,701		8,052			70,149
Amortization		3,118		4,706		35			7,859
Adjusted OIBDA		226,349		43,559		(49,368	)		220,540
Total Assets(1)		4,228,281		1,666,245		192,096			6,086,622
Expenditures for Segment Assets		39,336		20,294		8,112			67,742
Capital Expenditures		27,933		19,871		8,112			55,916
Cash Paid for Acquisitions, Net of Cash acquired		8,818		—		—			8,818
Additions to Customer Relationship and Acquisition Costs		2,585		423		—			3,008

(1)

Excludes all intercompany receivables or payables and investment in subsidiary balances.

        The accounting policies of the reportable segments are the same as those described in Note 2. Adjusted OIBDA for each segment is defined as operating income before depreciation, amortization, intangible impairments and (gain) loss on disposal/write-down of property, plant and equipment, net directly attributable to the segment. Internally, we use Adjusted OIBDA as the basis for evaluating the performance of, and allocating resources to, our operating segments.

        A reconciliation of Adjusted OIBDA to income from continuing operations before provision (benefit) for income taxes on a consolidated basis is as follows:

	Three Months Ended March 31,
	2011			2012
Adjusted OIBDA	$	217,299		$	220,540
Less: Depreciation and Amortization		80,163			78,008
(Gain) Loss on Disposal/Write-down of Property, Plant and Equipment, Net		(464	)		719
Interest Expense, Net		48,618			58,784
Other (Income) Expense, Net		(8,958	)		(3,304	)
Income from Continuing Operations before Provision (Benefit) for Income Taxes	$	97,940		$	86,333