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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Parking services revenue    
Lease contracts $ 130.8 $ 138.5
Management contracts 92.1 91.2
Total parking services revenue 222.9 229.7
Reimbursed management contract revenue 191.6 167.9
Total parking services revenue 414.5 397.6
Cost of parking services    
Lease contracts 125.8 130.6
Management contracts 56.6 60.7
Total cost of parking services, gross 182.4 191.3
Reimbursed management contract expense 191.6 167.9
Total cost of parking services 374.0 359.2
Gross profit    
Lease contracts 5.0 7.9
Management contracts 35.5 30.5
Total gross profit 40.5 38.4
General and administrative expenses 21.2 24.6
Depreciation and amortization 6.6 9.2
Operating income 12.7 4.6
Other expenses (income)    
Interest expense 2.6 2.8
Interest income (0.1) (0.2)
Equity in losses from investment in unconsolidated entity 0.2 0.5
Total other expenses (income) 2.7 3.1
Earnings before income taxes 10.0 1.5
Income tax expense 3.3 0.9
Net income 6.7 0.6
Less: Net income attributable to noncontrolling interest 0.7 0.6
Net income attributable to SP Plus Corporation $ 6.0 $ 0.0
Net income per common share    
Basic (in dollars per share) $ 0.27 $ 0.00
Diluted (in dollars per share) $ 0.27 $ 0.00
Weighted average shares outstanding    
Basic (in shares) 22,148,265 22,328,578
Diluted (in shares) 22,447,904 22,593,505