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Condensed Consolidated Statements of Income (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Parking services revenue    
Lease contracts $ 138.5 $ 135.8
Management contracts 91.2 94.1
Total parking services revenue 229.7 229.9
Reimbursed management contract revenue 167.9 174.3
Total revenue 397.6 404.2
Cost of parking services    
Lease contracts 130.6 128.7
Management contracts 60.7 60.0
Total cost of parking services, gross 191.3 188.7
Reimbursed management contract expense 167.9 174.3
Total cost of parking services 359.2 363.0
Gross profit    
Lease contracts 7.9 7.1
Management contracts 30.5 34.1
Total gross profit 38.4 41.2
General and administrative expenses 24.6 25.7
Depreciation and amortization 9.2 7.9
Operating income 4.6 7.6
Other expenses (income)    
Interest expense 2.8 4.1
Interest income (0.2) (0.1)
Equity in losses from investment in unconsolidated entity 0.5 0.5
Total other expenses (income) 3.1 4.5
Earnings before income taxes 1.5 3.1
Income tax expense 0.9 1.3
Net income 0.6 1.8
Less: Net income attributable to noncontrolling interest 0.6 0.5
Net income attributable to SP Plus Corporation $ 0.0 $ 1.3
Net income per share    
Basic (in dollars per share) $ 0.00 $ 0.06
Diluted (in dollars per share) $ 0.00 $ 0.06
Weighted average shares outstanding    
Basic (in shares) 22,328,578 22,127,725
Diluted (in shares) 22,593,505 22,528,609