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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Assets    
Cash and cash equivalents $ 27.5 $ 22.2
Notes and accounts receivable, net 120.0 120.7
Prepaid expenses and other 10.6 13.7
Total current assets 158.1 156.6
Leasehold improvements, equipment and construction in progress, net 28.1 30.9
Other assets    
Advances and deposits 4.5 4.3
Other intangible assets, net 56.8 61.3
Favorable acquired lease contracts, net 25.9 30.0
Equity investments in unconsolidated entities 18.7 18.5
Other assets, net 17.1 16.3
Deferred taxes 18.8 17.9
Cost of contracts, net 10.1 11.4
Goodwill 431.6 431.4
Total other assets 583.5 591.1
Total assets 769.7 778.6
Liabilities and stockholders’ equity    
Accounts payable 108.0 109.9
Accrued rent 23.1 21.7
Compensation and payroll withholdings 23.6 25.7
Property, payroll and other taxes 13.7 7.6
Accrued insurance 19.2 18.1
Accrued expenses 19.4 25.5
Current portion of obligations under Restated Credit Facility and other long-term borrowings 20.4 20.4
Total current liabilities 227.4 228.9
Long-term borrowings, excluding current portion    
Obligations under Restated Credit Facility 148.7 174.5
Other long-term borrowings 0.1 0.2
Long-term borrowings, excluding current portion 148.8 174.7
Unfavorable acquired lease contracts, net 35.7 40.2
Other long-term liabilities 64.7 66.4
Total noncurrent liabilities 249.2 281.3
Stockholders' equity:    
Preferred Stock, par value $0.01 per share; 5,000,000 shares authorized as of June 30, 2017 and December 31, 2016; no shares issued 0.0 0.0
Common stock, par value $0.001 per share; 50,000,000 shares authorized as of June 30, 2017 and December 31, 2016; 22,507,543 and 22,328,578 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively. 0.0 0.0
Treasury Stock, at cost; 305,183 shares at June 30, 2017 and December 31, 2016 (7.5) (7.5)
Additional paid-in capital 253.6 251.2
Accumulated other comprehensive loss (1.4) (1.4)
Retained earnings 47.8 25.9
Total SP Plus Corporation stockholders’ equity 292.5 268.2
Noncontrolling interest 0.6 0.2
Total stockholders’ equity 293.1 268.4
Total liabilities and stockholders’ equity $ 769.7 $ 778.6