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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Services revenue $ 425.3 $ 349.8
Cost of services (exclusive of depreciation and amortization) 367.0 298.4
General and administrative expenses 30.6 24.5
Depreciation and amortization 8.4 6.8
Operating income 19.3 20.1
Other expense (income)    
Interest expense 6.8 4.8
Interest income (0.1) (0.2)
Total other expenses 6.7 4.6
Earnings before income taxes 12.6 15.5
Income tax expense 3.3 4.2
Net income 9.3 11.3
Less: Net income attributable to noncontrolling interest 0.9 0.6
Net income attributable to SP Plus Corporation $ 8.4 $ 10.7
Net income per common share    
Basic (in dollars per share) $ 0.43 $ 0.50
Diluted (in dollars per share) $ 0.42 $ 0.50
Weighted average shares outstanding    
Basic (in shares) 19,701,426 21,226,952
Diluted (in shares) 19,867,300 21,338,299
Lease and Management Type Contracts    
Services revenue $ 216.3 $ 184.4
Cost of services (exclusive of depreciation and amortization) 158.0 133.0
Lease Type Contracts    
Services revenue 68.2 62.6
Cost of services (exclusive of depreciation and amortization) 55.2 52.0
Management Type Contracts    
Services revenue 148.1 121.8
Cost of services (exclusive of depreciation and amortization) 102.8 81.0
Reimbursed Management Type Contract Revenue    
Services revenue 209.0 165.4
Cost of services (exclusive of depreciation and amortization) $ 209.0 $ 165.4