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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Parking services revenue      
Lease contracts $ 545.0 $ 570.9 $ 496.6
Management contracts 346.8 350.3 338.3
Total parking services revenue 891.8 921.2 834.9
Reimbursed management contract revenue 723.7 694.7 679.8
Total parking services revenue 1,615.5 1,615.9 1,514.7
Cost of parking services      
Lease contracts 505.6 532.8 455.7
Management contracts 209.8 218.3 207.9
Total cost of parking services, gross 715.4 751.1 663.6
Reimbursed management contract expense 723.7 694.7 679.8
Total cost of parking services 1,439.1 1,445.8 1,343.4
Gross profit      
Lease contracts 39.4 38.1 40.9
Management contracts 137.0 132.0 130.4
Total gross profit 176.4 170.1 171.3
General and administrative expenses 90.0 97.3 101.5
Depreciation and amortization 33.7 34.0 30.3
Operating income 52.7 38.8 39.5
Other expense (income)      
Interest expense 10.5 12.7 17.8
Interest income (0.5) (0.2) (0.4)
Gain on sale of a business 0.0 (0.5) 0.0
Gain on contribution of a business to an unconsolidated entity 0.0 0.0 (4.1)
Equity in losses from investment in unconsolidated entity 0.9 1.7 0.3
Total other expenses (income) 10.9 13.7 13.6
Earnings before income taxes 41.8 25.1 25.9
Income tax expense (benefit) 15.8 4.8 (0.2)
Net income 26.0 20.3 26.1
Less: Net income attributable to noncontrolling interest 2.9 2.9 3.0
Net income attributable to SP Plus Corporation $ 23.1 $ 17.4 $ 23.1
Net income per common share      
Basic (in dollars per share) $ 1.04 $ 0.78 $ 1.05
Diluted (in dollars per share) $ 1.03 $ 0.77 $ 1.03
Weighted average shares outstanding      
Basic (in shares) 22,238,021 22,189,140 22,009,800
Diluted (in shares) 22,528,122 22,511,759 22,407,343