XML 42 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
Summary of Significant Accounting Policies (Details 6) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
item
Mar. 31, 2013
Sep. 30, 2012
Sep. 30, 2013
item
Sep. 30, 2012
Dec. 31, 2012
item
Income (Loss) Per Share-Basic and Diluted            
Income (Loss) from Continuing Operations $ 5,528   $ 53,719 $ 51,416 $ 156,233  
Total income (loss) from discontinued operations (see Note 10) (571)   32 1,515 (7,585)  
Net income (loss) attributable to Iron Mountain Incorporated 4,047   52,809 49,997 146,214  
Weighted-average shares-basic 191,332,000   171,776,000 190,789,000 171,464,000  
Effect of dilutive potential stock options (in shares) 597,275   950,922 1,109,935 808,365  
Effect of dilutive potential restricted stock, RSUs and PUs (in shares) 338,617   320,537 416,231 227,899  
Weighted-average shares-diluted 192,268,000   173,047,000 192,315,000 172,500,000  
Earnings (Losses) per share-basic:            
Income (Loss) from continuing operations (in dollars per share) $ 0.03   $ 0.31 $ 0.27 $ 0.91  
Total income (loss) income discontinued operations (see Note 10) (in dollars per share)       $ 0.01 $ (0.04)  
Net Income (Loss) Attributable to Iron Mountain Incorporated (in dollars per share) $ 0.02   $ 0.31 $ 0.26 $ 0.85  
Earnings (Losses) per share-diluted:            
Income (Loss) from continuing operations (in dollars per share) $ 0.03   $ 0.31 $ 0.27 $ 0.91  
Total income (loss) from discontinued operations (see Note 10) (in dollars per share)       $ 0.01 $ (0.04)  
Net Income (Loss) Attributable to Iron Mountain Incorporated (in dollars per share) $ 0.02   $ 0.31 $ 0.26 $ 0.85  
Antidilutive stock options, RSUs and PUs, excluded from the calculation (in shares) 2,014,108   821,862 864,521 1,584,179  
Allowance for Doubtful Accounts and Credit Memo Reserves            
The general period to charge-off uncollectible balances of receivable, as circumstances warrant, is no later than this period of time past due       1 year    
Income Taxes:            
Effective tax rates (as a percent) 81.50%   36.70% 63.40% 40.30%  
Federal statutory tax rate (as a percent) 35.00%   35.00% 35.00% 35.00%  
Increase (decrease) in effective income tax rate (as a percent) (47.00%)   (5.60%)   (1.20%)  
Increase in the effective tax rate due to planned repatriation (as a percent) 87.10%     18.50%    
Increase in the effective tax rate due to non-deductible expense transaction costs related to the potential conversion to real estate investment trust (REIT) (as a percent) 10.10%     4.70%    
Discrete tax benefit attributable to the exception of certain foreign earnings from U.S. federal taxation   4,025        
Income tax period for amount after calculating cumulative effect of the changes on prior years, expected to be included in the determination of taxable income       4 years    
Increase in gross interest and penalties recorded 1,014   922 1,735 920  
Accrued interest and penalties recorded 5,225     5,225   3,554
Foreign earnings repatriated to utilize both current and carryforward foreign tax credits 253,000          
Foreign earnings repatriated to utilize both current and carryforward foreign tax credits of which U.S. taxes were previously paid 53,000          
Increase in tax provision from continuing operations resulting from foreign tax credit carryforwards 71,400          
Decrease in tax provision from current year foreign tax credits 23,500          
Reversal of valuation allowances related to foreign tax credit carryforwards 21,900          
Net increase in tax provision from continuing operations 26,000          
Reclassification of long-term deferred income tax liabilities 27,500     27,500    
Concentrations of Credit Risk            
Number of global banks with cash, cash equivalent and restricted cash held on deposit 2     2   5
Number of "Triple A" rated money market funds with cash, cash equivalent and restricted cash held on deposit 4     4   2
Maximum investment limit in any one mutual fund       50,000    
Maximum investment limit in any one financial institution       75,000    
Cash, cash equivalent and restricted cash 205,644     205,644   277,027
Money market funds and time deposits $ 79,360     $ 79,360   $ 218,629