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Business Unit Segment Information
9 Months Ended
Sep. 30, 2011
Business Unit Segment Information [Abstract] 
Business Unit Segment Information
11. Business Unit Segment Information
An operating segment is defined as a component of an enterprise that engages in business activities from which it may earn revenue and incur expenses, and about which separate financial information is regularly evaluated by our chief operating decision maker, in deciding how to allocate resources. Our chief operating decision maker is the Company’s President and Chief Executive Officer.
Each of the operating segments is directly responsible for revenue and expenses related to their operations including direct regional administrative costs. Finance, information technology, human resources, and legal are shared functions that are not allocated back to the four operating segments. The CODM assesses the performance of each operating segment using information about its revenue and operating income (loss) before interest, taxes, and depreciation and amortization, but does not evaluate segments using discrete asset information. There are no inter-segment transactions and the Company does not allocate interest and other income, interest expense, depreciation and amortization or taxes to operating segments. The accounting policies for segment reporting are the same as for the Company as a whole.
Our business is managed based on regions administered by executive vice presidents. The following is a summary of revenues (excluding reimbursed management contract revenue) and gross profit by regions for the three and nine months ended September 30, 2011 and 2010. Information related to prior periods has been recast to conform to the current region alignment.
The Company has provided this business unit segment information for all comparable prior periods. Segment information is summarized as follows (in thousands):
                                                                 
    For the three months ended     For the nine months ended  
    September 30,     Gross     September 30,     Gross     September 30,     Gross     September 30,     Gross  
    2011     Margin     2010     Margin     2011     Margin     2010     Margin  
Revenues:
                                                               
Region One
                                                               
Lease contracts
  $ 21,118             $ 20,255             $ 60,709             $ 55,598          
Management contracts
    13,839               12,062               40,702               36,117          
 
                                                       
Total Region One
    34,957               32,317               101,411               91,715          
Region Two
                                                               
Lease contracts
    883               508               2,224               1,815          
Management contracts
    4,084               5,962               16,543               18,723          
 
                                                       
Total Region Two
    4,967               6,470               18,767               20,538          
Region Three
                                                               
Lease contracts
    5,885               5,638               17,383               15,764          
Management contracts
    13,254               13,169               38,482               38,605          
 
                                                       
Total Region Three
    19,139               18,807               55,865               54,369          
Region Four
                                                               
Lease contracts
    9,584               9,297               29,547               29,782          
Management contracts
    11,960               12,497               35,617               32,369          
 
                                                       
Total Region Four
    21,544               21,794               65,164               62,151          
Other
                                                               
Lease contracts
    31               15               36               32          
Management contracts
    122               23               212               55          
 
                                                       
Total Other
    153               38               248               87          
Reimbursed revenue
    106,365               101,500               307,615               308,312          
 
                                                       
Total revenues
  $ 187,125             $ 180,926             $ 549,070             $ 537,172          
 
                                                       
Gross Profit
                                                               
Region One
                                                               
Lease contracts
  $ 1,898       9 %   $ 1,630       8 %   $ 4,193       7 %   $ 3,390       6 %
Management contracts
    7,795       56 %     6,994       58 %     22,214       55 %     20,396       56 %
 
                                                       
Total Region One
    9,693               8,624               26,407               23,786          
Region Two
                                                               
Lease contracts
    53       6 %     33       6 %     205       9 %     167       9 %
Management contracts
    1,471       36 %     1,880       32 %     4,229       26 %     5,467       29 %
 
                                                       
Total Region Two
    1,524               1,913               4,434               5,634          
Region Three
                                                               
Lease contracts
    571       10 %     540       10 %     1,730       10 %     1,340       9 %
Management contracts
    5,876       44 %     6,027       46 %     18,001       47 %     18,376       48 %
 
                                                       
Total Region Three
    6,447               6,567               19,731               19,716          
Region Four
                                                               
Lease contracts
    707       7 %     762       8 %     1,937       7 %     2,285       8 %
Management contracts
    3,986       33 %     4,332       35 %     12,142       34 %     12,214       38 %
 
                                                       
Total Region Four
    4,693               5,094               14,079               14,499          
Other
                                                               
Lease contracts
    223       719 %     34       227 %           0 %     107       334 %
Management contracts
    1,642       1,346 %     123       535 %     1,774       837 %     517       940 %
 
                                                       
Total Other
    1,865               157               1,774               624          
Total gross profit
    24,222               22,355               66,425               64,259          
General and administrative expenses
    11,814               11,549               34,593               35,327          
General and administrative expense percentage of gross profit
    49 %             52 %             52 %             55 %        
Depreciation and amortization
    1,683               1,527               4,893               4,557          
 
                                                       
Operating income
    10,725               9,279               26,939               24,375          
Other expenses (income):
                                                               
Interest expense
    1,197               1,286               3,546               4,174          
Interest income
    (297 )             (56 )             (470 )             (161 )        
 
                                                       
 
    900               1,230               3,076               4,013          
Income before income taxes
    9,825               8,049               23,863               20,362          
Income tax expense
    3,760               3,124               9,305               7,992          
 
                                                       
Net income
    6,065               4,925               14,558               12,370          
Less: Net income attributable to noncontrolling interest
    89               89               260               181          
 
                                                       
Net income attributable to Standard Parking Corporation
  $ 5,976             $ 4,836             $ 14,298             $ 12,189          
 
                                                       
Region One encompasses operations in Alabama, Arkansas, Connecticut, Delaware, District of Columbia, Florida, Georgia, Iowa, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, New Jersey, New York, North Carolina, Nebraska, New Hampshire, North Dakota, Ohio, Ontario, Pennsylvania, Rhode Island, Tennessee, Texas, Vermont, Virginia, Vancouver and Wisconsin.
Region Two encompasses our Canadian operations, event planning and transportation, and our technology-based parking and traffic management systems.
Region Three encompasses operations in Arizona, California, Colorado, Hawaii, Nevada, Utah, Washington, and Wyoming.
Region Four encompasses all major airport and transportation operations nationwide.
Other consists of ancillary revenue that is not specifically identifiable to a region and insurance reserve adjustments related to prior years.
The CODM does not evaluate segments using discrete asset information.