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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Services revenue $ 451.9 $ 425.3
Cost of services (exclusive of depreciation and amortization) 389.2 367.0
General and administrative expenses 34.8 30.6
Depreciation and amortization 9.0 8.4
Operating income 18.9 19.3
Other expense (income)    
Interest expense 7.4 6.8
Interest income (0.1) (0.1)
Total other expenses 7.3 6.7
Earnings before income taxes 11.6 12.6
Income tax expense 3.1 3.3
Net income 8.5 9.3
Less: Net income attributable to noncontrolling interests 0.9 0.9
Net income attributable to SP Plus Corporation $ 7.6 $ 8.4
Net income per common share    
Basic $ 0.38 $ 0.43
Diluted $ 0.38 $ 0.42
Weighted average shares outstanding    
Basic (in shares) 19,803,578 19,701,426
Diluted (in shares) 19,992,969 19,867,300
Lease and Management Type Contracts    
Services revenue $ 222.1 $ 216.3
Cost of services (exclusive of depreciation and amortization) 159.4 158.0
Management Type Contracts    
Services revenue 159.5 148.1
Cost of services (exclusive of depreciation and amortization) 107.0 102.8
Lease Type Contracts    
Services revenue 62.6 68.2
Cost of services (exclusive of depreciation and amortization) 52.4 55.2
Reimbursed Management Type Contract Revenue    
Services revenue 229.8 209.0
Cost of services (exclusive of depreciation and amortization) $ 229.8 $ 209.0