XML 76 R64.htm IDEA: XBRL DOCUMENT v3.7.0.1
Business Unit Segment Information - Schedule of Revenues and Gross Profit by Regions (Details) - 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
Gross Profit    
Lease contracts 5.0 7.9
Management contracts 35.5 30.5
Total gross profit 40.5 38.4
Gross Margin    
General and administrative expenses $ 21.2 $ 24.6
General and administrative expense percentage of gross profit 52.00% 64.00%
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
Operating segment | Region One    
Parking Services Revenue    
Lease contracts 99.8 108.0
Management contracts 68.1 64.5
Total parking services revenue 167.9 172.5
Gross Profit    
Lease contracts 3.3 6.7
Management contracts 24.6 22.2
Total gross profit $ 27.9 $ 28.9
Gross Margin    
Lease contracts (as a percent) 3.00% 6.00%
Management contracts (as a percent) 36.00% 34.00%
Operating segment | Region Two    
Parking Services Revenue    
Lease contracts $ 31.0 $ 30.5
Management contracts 21.8 24.1
Total parking services revenue 52.8 54.6
Gross Profit    
Lease contracts 1.2 0.7
Management contracts 6.3 4.4
Total gross profit $ 7.5 $ 5.1
Gross Margin    
Lease contracts (as a percent) 4.00% 2.00%
Management contracts (as a percent) 29.00% 18.00%
Corporate, Non-Segment    
Parking Services Revenue    
Lease contracts $ 0.0 $ 0.0
Management contracts 2.2 2.6
Total parking services revenue 2.2 2.6
Gross Profit    
Lease contracts 0.5 0.5
Management contracts 4.6 3.9
Total gross profit $ 5.1 $ 4.4
Gross Margin    
Lease contracts (as a percent) 0.00% 0.00%
Management contracts (as a percent) 209.00% 150.00%