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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Assets    
Cash and cash equivalents $ 23.4 $ 22.2
Notes and accounts receivable, net 124.9 120.7
Prepaid expenses and other 10.2 13.7
Total current assets 158.5 156.6
Leasehold improvements, equipment and construction in progress, net 26.5 30.9
Other assets    
Advances and deposits 4.2 4.3
Other intangible assets, net 55.4 61.3
Favorable acquired lease contracts, net 24.4 30.0
Equity investments in unconsolidated entities 18.7 18.5
Other assets, net 17.7 16.3
Deferred taxes 19.3 17.9
Cost of contracts, net 9.5 11.4
Goodwill 431.7 431.4
Total other assets 580.9 591.1
Total assets 765.9 778.6
Liabilities and stockholders’ equity    
Accounts payable 95.9 109.9
Accrued rent 23.6 21.7
Compensation and payroll withholdings 21.5 25.7
Property, payroll and other taxes 9.1 7.6
Accrued insurance 19.3 18.1
Accrued expenses 20.7 25.5
Current portion of obligations under Restated Credit Facility and other long-term borrowings 20.4 20.4
Total current liabilities 210.5 228.9
Long-term borrowings, excluding current portion    
Obligations under Restated Credit Facility 153.0 174.5
Other long-term borrowings 0.0 0.2
Long-term borrowings, excluding current portion 153.0 174.7
Unfavorable acquired lease contracts, net 33.5 40.2
Other long-term liabilities 63.4 66.4
Total noncurrent liabilities 249.9 281.3
Stockholders' equity:    
Preferred Stock, par value $0.01 per share; 5,000,000 shares authorized as of September 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 September 30, 2017 and December 31, 2016; 22,509,468 and 22,328,578 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively. 0.0 0.0
Treasury Stock, at cost; 305,183 shares at September 30, 2017 and December 31, 2016 (7.5) (7.5)
Additional paid-in capital 254.7 251.2
Accumulated other comprehensive loss (1.2) (1.4)
Retained earnings 59.1 25.9
Total SP Plus Corporation stockholders’ equity 305.1 268.2
Noncontrolling interest 0.4 0.2
Total stockholders’ equity 305.5 268.4
Total liabilities and stockholders’ equity $ 765.9 $ 778.6