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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Services revenue $ 404.4 $ 311.6 $ 1,135.2 $ 834.0
Cost of services (exclusive of depreciation and amortization) 346.2 265.6 966.8 703.2
General and administrative expenses 27.2 21.1 78.4 64.1
Depreciation and amortization 7.2 6.0 20.5 18.5
Operating income 23.8 18.9 69.5 48.2
Other expense (income)        
Interest expense 3.9 5.2 12.2 16.1
Interest income (0.1) (0.1) (0.4) (0.3)
Total other expenses 3.8 5.1 11.8 15.8
Earnings before income taxes 20.0 13.8 57.7 32.4
Income tax expense 4.9 1.6 15.0 6.5
Net income 15.1 12.2 42.7 25.9
Less: Net income attributable to noncontrolling interest 0.8 0.7 2.3 3.1
Net income attributable to SP Plus Corporation $ 14.3 $ 11.5 $ 40.4 $ 22.8
Net income per common share        
Basic (in dollars per share) $ 0.69 $ 0.54 $ 1.92 $ 1.08
Diluted (in dollars per share) $ 0.68 $ 0.54 $ 1.90 $ 1.07
Weighted average shares outstanding        
Basic (in shares) 20,744,813 21,184,583 21,054,095 21,158,667
Diluted (in shares) 20,977,667 21,400,386 21,223,982 21,365,282
Lease and Management Type Contracts        
Services revenue $ 207.1 $ 161.6 $ 588.0 $ 431.5
Cost of services (exclusive of depreciation and amortization) 148.9 115.6 419.6 300.7
Lease Type Contracts        
Services revenue 72.2 59.7 205.4 153.3
Cost of services (exclusive of depreciation and amortization) 59.0 48.0 166.9 122.8
Management Type Contracts        
Services revenue 134.9 101.9 382.6 278.2
Cost of services (exclusive of depreciation and amortization) 89.9 64.1 252.7 174.3
Lease Impairment        
Cost of services (exclusive of depreciation and amortization)   3.5   3.6
Reimbursed Management Type Contract Revenue        
Services revenue 197.3 150.0 547.2 402.5
Cost of services (exclusive of depreciation and amortization) $ 197.3 $ 150.0 $ 547.2 $ 402.5