Stockholder Return Performance Graphs The following graph compares the cumulative 5-year total stockholder return on our common stock relative to the cumulative total return of the NASDAQ Composite index and the S&P 400 Information Technology index.
The graph assumes that the value of the investment in our common stock and in each index (including reinvestment of dividends) was $100 on December 29, 2007 and tracks it through December 29, 2012.
COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN* Among Cadence Design Systems, Inc. , the NASDAQ Composite Index, and S&P 400 Information Technology
## Table 0 ##
*$100 invested on 12/29/07 in stock or 12/31/07 in index, including reinvestment of dividends.
Indexes calculated on month-end basis.
Copyright?2013 S&P, a division of The McGraw-Hill Companies Inc.  All rights reserved.
The stock price performance included in this graph is not necessarily indicative of future stock price performance
PART II Item 5.
Market For Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Our common stock is traded on the NYSE under the symbol "IRM".
Our shares of common stock also trade on the ASX in the form of CHESS Depository Interests ("CDIs").
Each CDI represents a beneficial interest in one share of our common stock.
The following table sets forth the high and low sale prices on the NYSE, for the years 2016 and 2017:
## Table 1 ##
1,508 holders of record of our common stock, including CHESS Depository Nominees Pty Limited, which held shares of our common stock on behalf of our CDI holders.
Our board of directors has adopted a dividend policy under which we have paid, and in the future intend to pay, quarterly cash dividends on our common stock.
The amount and timing of future dividends will continue to be subject to the approval of our board of directors, in its sole discretion, and to applicable legal requirements.
In 2015, 2016 and 2017, our board of directors declared the following dividends:
## Table 2 ##
During the years ended December 31, 2015, 2016 and 2017, we declared distributions to our stockholders of $402.6 million, $502.9 million and $603.7 million, respectively.
These distributions represent approximately $1.91 per share, $2.04 per share and $2.27 per share for the years ended December 31, 2015, 2016 and 2017, respectively, based on the weighted average number of common shares outstanding during each respective year.
On February 14, 2018, we declared a dividend to our stockholders of record as of March 15, 2018 of $0.5875 per share, payable on April 2, 2018.
Total Revenues For the reasons stated above, our reported consolidated revenues increased $334.1 million, or 9.5%, to $3,845.6 million for the year ended December 31, 2017 from $3,511.5 million for the year ended December 31, 2016.
The net impact of acquisitions/divestitures contributed 6.6% to the reported consolidated revenue growth rate for the year ended December 31, 2017 compared to the prior year period, primarily driven by our acquisition of Recall.
Consolidated internal revenue growth was 2.3% in the year ended December 31, 2017 compared to the prior year period.
Foreign currency exchange rate fluctuations increased our reported consolidated revenue by 0.6% in the year ended December 31, 2017 compared to the prior year period, primarily due to the strengthening of the Australian dollar, Brazilian real, Canadian dollar and the Euro against the United States dollar, somewhat offset by the weakening of the British pound sterling against the United States dollar, based on an analysis of weighted average rates for the comparable periods.
For the reasons stated above, our consolidated revenues increased $503.5 million, or 16.7%, to $3,511.5 million for the year ended December 31, 2016 from $3,008.0 million for the year ended December 31, 2015.
The net impact of acquisitions/ divestitures contributed 18.2% to the reported consolidated revenue growth rates for the year ended December 31, 2016 compared to the prior year period, primarily driven by our acquisition of Recall.
Consolidated internal revenue growth was 1.2% in the year ended December 31, 2016 compared to the prior year period.
These increases were partially offset by the impact of foreign currency exchange rate fluctuations, which decreased our reported consolidated revenue by 2.7% in the year ended December 31, 2016 compared to the prior year period, primarily due to the weakening of the Australian dollar, Brazilian real, British pound sterling, Canadian dollar and the Euro against the United States dollar, based on an analysis of weighted average rates for the comparable periods.
Internal Growth—Eight-Quarter Trend
## Table 3 ##
We expect our consolidated internal storage rental revenue growth rate for 2018 to be approximately 3.0% to 3.5%.
During the past eight quarters, our internal storage rental revenue growth rate has ranged between 2.1% and 4.8%.
Consolidated internal storage rental revenue growth and consolidated total internal revenue growth benefited by approximately 0.8% and 0.5%, respectively, in the second quarter of 2017, from a $4.2 million customer termination fee in our Global Data Center Business segment.
Our internal storage rental revenue growth rates have improved over the past two fiscal years, as internal storage rental revenue growth for full year 2016 and 2017 was 2.3% and 3.9%, respectively.
At various points in the economic cycle, internal storage rental revenue growth may be influenced by changes in pricing and volume.
In North America, internal storage rental revenue growth in 2017 resulted primarily from price increases in our North American Records and Information Management Business segment as well as internal storage rental revenue growth in our North American Data Management Business segment, although North America volume continues to be flat due to customers generating fewer documents requiring storage.
In 2018, we expect this trend of flat to modestly decreasing volume growth to continue with organic growth to come primarily from increased pricing in our North American Records and Information Management Business and North American Data Management Business segments and volume growth in our Other International Business segment.
Within our international portfolio, the Western European Business segment is generating consistent low single-digit internal storage rental revenue growth, while the Other International Business segment is producing mid to high single-digit internal storage rental revenue growth by capturing the first-time outsourcing trends for physical records storage and management in those markets.
The internal growth rate for service revenue is inherently more volatile than the internal growth rate for storage rental revenues due to the more discretionary nature of certain services we offer, such as large special projects, and, as a commodity, the volatility of pricing for recycled paper.
These revenues, which are often event-driven and impacted to a greater extent by economic downturns as customers defer or cancel the purchase of certain services as a way to reduce their short-term costs, may be difficult to replicate in future periods.
The internal growth rate for total service revenues over the past eight quarters reflects reduced retrieval/re-file activity and a related decrease in transportation revenues within our North American Records and Information Management Business and Western European Business segments, as well as continued service declines in service revenue activity levels in our North American Data Management Business segment as the storage business becomes more archival in nature.
Liquidity and Capital Resources The following is a summary of our cash balances and cash flows (in thousands) as of and for the years ended December 31,

<table><tr><td></td><td>12/29/2007</td><td>1/3/2009</td><td>1/2/2010</td><td>1/1/2011</td><td>12/31/2011</td><td>12/29/2012</td></tr><tr><td>Cadence Design Systems, Inc.</td><td>100.00</td><td>22.55</td><td>35.17</td><td>48.50</td><td>61.07</td><td>78.92</td></tr><tr><td>NASDAQ Composite</td><td>100.00</td><td>59.03</td><td>82.25</td><td>97.32</td><td>98.63</td><td>110.78</td></tr><tr><td>S&P 400 Information Technology</td><td>100.00</td><td>54.60</td><td>82.76</td><td>108.11</td><td>95.48</td><td>109.88</td></tr></table>
<table><tr><td></td><td colspan="2">Sale Prices</td></tr><tr><td></td><td>High</td><td>Low</td></tr><tr><td>2016</td><td></td><td></td></tr><tr><td>First Quarter</td><td>$34.15</td><td>$23.64</td></tr><tr><td>Second Quarter</td><td>39.84</td><td>32.12</td></tr><tr><td>Third Quarter</td><td>41.50</td><td>35.42</td></tr><tr><td>Fourth Quarter</td><td>37.51</td><td>30.75</td></tr><tr><td>2017</td><td></td><td></td></tr><tr><td>First Quarter</td><td>$37.75</td><td>$32.27</td></tr><tr><td>Second Quarter</td><td>36.70</td><td>32.53</td></tr><tr><td>Third Quarter</td><td>40.64</td><td>32.92</td></tr><tr><td>Fourth Quarter</td><td>41.53</td><td>36.93</td></tr></table>
<table><tr><td>Declaration Date</td><td>DividendPer Share</td><td>Record Date</td><td>TotalAmount(in thousands)</td><td>Payment Date</td></tr><tr><td>February 19, 2015</td><td>$0.4750</td><td>March 6, 2015</td><td>$99,795</td><td>March 20, 2015</td></tr><tr><td>May 28, 2015</td><td>0.4750</td><td>June 12, 2015</td><td>100,119</td><td>June 26, 2015</td></tr><tr><td>August 27, 2015</td><td>0.4750</td><td>September 11, 2015</td><td>100,213</td><td>September 30, 2015</td></tr><tr><td>October 29, 2015</td><td>0.4850</td><td>December 1, 2015</td><td>102,438</td><td>December 15, 2015</td></tr><tr><td>February 17, 2016</td><td>0.4850</td><td>March 7, 2016</td><td>102,651</td><td>March 21, 2016</td></tr><tr><td>May 25, 2016</td><td>0.4850</td><td>June 6, 2016</td><td>127,469</td><td>June 24, 2016</td></tr><tr><td>July 27, 2016</td><td>0.4850</td><td>September 12, 2016</td><td>127,737</td><td>September 30, 2016</td></tr><tr><td>October 31, 2016</td><td>0.5500</td><td>December 15, 2016</td><td>145,006</td><td>December 30, 2016</td></tr><tr><td>February 15, 2017</td><td>0.5500</td><td>March 15, 2017</td><td>145,235</td><td>April 3, 2017</td></tr><tr><td>May 24, 2017</td><td>0.5500</td><td>June 15, 2017</td><td>145,417</td><td>July 3, 2017</td></tr><tr><td>July 27, 2017</td><td>0.5500</td><td>September 15, 2017</td><td>146,772</td><td>October 2, 2017</td></tr><tr><td>October 24, 2017</td><td>0.5875</td><td>December 15, 2017</td><td>166,319</td><td>January 2, 2018</td></tr></table>
<table><tr><td></td><td colspan="4">2016</td><td colspan="4">2017</td></tr><tr><td></td><td>FirstQuarter</td><td>SecondQuarter</td><td>ThirdQuarter</td><td>FourthQuarter</td><td>FirstQuarter</td><td>SecondQuarter</td><td>ThirdQuarter</td><td>FourthQuarter</td></tr><tr><td>Storage Rental Revenue</td><td>2.2%</td><td>2.1%</td><td>2.1%</td><td>2.9%</td><td>3.0%</td><td>4.8%</td><td>3.5%</td><td>4.2%</td></tr><tr><td>Service Revenue</td><td>1.6%</td><td>-2.1%</td><td>-1.3%</td><td>-0.9%</td><td>0.6%</td><td>-1.1%</td><td>-0.2%</td><td>-0.1%</td></tr><tr><td>Total Revenue</td><td>2.0%</td><td>0.4%</td><td>0.8%</td><td>1.4%</td><td>2.0%</td><td>2.5%</td><td>2.0%</td><td>2.5%</td></tr></table>

Question: Does the average value of First Quarter in 2017 greater than that in 2016?
Answer: Yes