Unaudited Quarterly Results (Tables)

12 Months Ended

Dec. 31, 2012

Unaudited Quarterly Results

Schedule of unaudited quarterly results

	2012 Quarters Ended												2011 Quarters Ended
	March 31			June 30			September 30			December 31			March 31			June 30			September 30			December 31
	(Unaudited)												(Unaudited)
Parking services revenue:
Lease contracts	$	37,544		$	42,414		$	42,969		$	127,428		$	35,205		$	37,193		$	37,501		$	37,611
Management contracts		47,964			44,372			49,226			88,939			45,954			42,343			43,259			42,169
Reimbursed management contract revenue		103,937			104,160			100,958			164,027			101,124			100,126			106,365			100,812
Total revenue		189,445			190,946			193,153			380,394			182,283			179,662			187,125			180,592
Cost of parking services:
Lease contracts		35,387			38,000			40,108			116,767			33,499			34,286			34,049			34,660
Management contracts		28,492			24,018			30,409			57,924			27,492			23,215			22,489			22,963
Reimbursed management contract revenue		103,937			104,160			100,958			164,027			101,124			100,126			106,365			100,812
Total cost of parking services		167,816			166,178			171,475			338,718			162,115			157,627			162,903			158,435
Gross profit:
Lease contracts		2,157			4,414			2,861			10,661			1,706			2,907			3,452			2,951
Management contracts		19,472			20,354			18,817			31,015			18,462			19,128			20,770			19,206
Total gross profit		21,629			24,768			21,678			41,676			20,168			22,035			24,222			22,157
General and administrative expenses		15,045			14,868			13,846			42,904	(1)		11,182			11,597			11,814			13,704
Depreciation and amortization		1,728			1,807			1,723			7,983			1,533			1,677			1,683			1,725
Operating income		4,856			8,093			6,109			(9,211	)		7,453			8,761			10,725			6,728
Other expense (income):
Interest expense		1,130			1,132			1,093			5,094			1,169			1,180			1,197			1,145
Interest income		(70	)		(135	)		(61	)		(116	)		(60	)		(113	)		(297	)		(67	)
		1,060			997			1,032			(4,978	)		1,109			1,067			900			1,078
Income before income taxes		3,796			7,096			5,077			(14,189	)		6,344			7,694			9,825			5,650
Income tax expense (benefit)		1,528			2,856			2,623			(9,381	)(2)		2,479			3,066			3,760			1,930
Net income		2,268			4,240			2,454			(4,808	)		3,865			4,628			6,065			3,720
Less: Net income (loss) attributable to noncontrolling interest		72			85			75			802			86			85			89			118
Net income attributable to Standard Parking Corporation	$	2,196		$	4,155		$	2,379		$	(5,610	)	$	3,779		$	4,543		$	5,976		$	3,602
Common stock data:
Common stock data:
Net income per share:
Basic	$	0.14		$	0.27		$	0.15		$	(0.26	)	$	0.24		$	0.29		$	0.38		$	0.23
Diluted		0.14			0.26			0.15			(0.26	)		0.23			0.28			0.37			0.23
Weighted average shares outstanding:
Basic		15,563,914			15,665,263			15,668,129			21,836,583			15,790,875			15,834,622			15,704,837			15,485,793
Diluted		15,820,118			15,900,659			15,928,685			22,357,602			16,146,106			16,164,114			16,034,330			15,845,173

(1)

Includes $26,783 in expenses related to the Central Merger.

(2)

Includes $8,104 benefit from FIN 48 reversal of provision for uncertain tax provisions.