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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Services revenue $ 442.2 $ 381.0 $ 867.5 $ 730.8
Cost of services (exclusive of depreciation and amortization) 376.3 322.2 743.3 620.6
General and administrative expenses 31.8 26.7 62.4 51.2
Depreciation and amortization 8.8 6.5 17.2 13.3
Operating income 25.3 25.6 44.6 45.7
Other expense (income)        
Interest expense 7.3 3.5 14.1 8.3
Interest income (0.1) (0.1) (0.2) (0.3)
Total other expenses 7.2 3.4 13.9 8.0
Earnings before income taxes 18.1 22.2 30.7 37.7
Income tax expense 4.8 5.9 8.1 10.1
Net income 13.3 16.3 22.6 27.6
Less: Net income attributable to noncontrolling interests 1.0 0.9 1.9 1.5
Net income attributable to SP Plus Corporation $ 12.3 $ 15.4 $ 20.7 $ 26.1
Net income per common share        
Basic (in dollars per share) $ 0.63 $ 0.73 $ 1.05 $ 1.23
Diluted (in dollars per share) $ 0.62 $ 0.72 $ 1.04 $ 1.22
Weighted average shares outstanding        
Basic (in shares) 19,631,772 21,195,819 19,666,684 21,211,299
Diluted (in shares) 19,839,953 21,356,464 19,853,900 21,347,442
Lease and Management Type Contracts        
Services revenue $ 221.3 $ 196.5 $ 437.6 $ 380.9
Cost of services (exclusive of depreciation and amortization) 155.4 137.7 313.4 270.7
Lease Type Contracts        
Services revenue 76.3 70.6 144.5 133.2
Cost of services (exclusive of depreciation and amortization) 62.3 55.9 117.5 107.9
Management Type Contracts        
Services revenue 145.0 125.9 293.1 247.7
Cost of services (exclusive of depreciation and amortization) 93.1 81.8 195.9 162.8
Reimbursed Management Type Contract Revenue        
Services revenue 220.9 184.5 429.9 349.9
Cost of services (exclusive of depreciation and amortization) $ 220.9 $ 184.5 $ 429.9 $ 349.9