XML 18 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Assets    
Cash and cash equivalents $ 22.8 $ 22.2
Notes and accounts receivable, net 122.3 120.7
Prepaid expenses and other 15.5 13.7
Total current assets 160.6 156.6
Leasehold improvements, equipment, land and construction in progress, net 27.4 30.9
Other assets    
Advances and deposits 4.1 4.3
Other intangible assets, net 54.1 61.3
Favorable acquired lease contracts, net 23.3 30.0
Equity investments in unconsolidated entities 18.6 18.5
Other assets, net 18.3 16.3
Deferred taxes 15.9 17.9
Cost of contracts, net 8.9 11.4
Goodwill 431.7 431.4
Total other assets 574.9 591.1
Total assets 762.9 778.6
Liabilities and stockholders' equity    
Accounts payable 102.8 109.9
Accrued rent 23.2 21.7
Compensation and payroll withholdings 22.2 25.7
Property, payroll and other taxes 6.8 7.6
Accrued insurance 18.9 18.1
Accrued expenses 25.5 25.5
Current portion of long-term obligations under Restated Credit Facility and other long-term borrowings 20.6 20.4
Total current liabilities 220.0 228.9
Long-term borrowings, excluding current portion    
Obligations under Restated Credit Facility 132.0 174.5
Other long-term borrowings 1.2 0.2
Total long-term obligations under credit facility and other borrowings 133.2 174.7
Unfavorable acquired lease contracts, net 31.5 40.2
Other long-term liabilities 65.1 66.4
Total noncurrent liabilities 229.8 281.3
Stockholders' equity    
Preferred Stock, par value $0.01 per share; 5,000,000 shares authorized as of December 31, 2017 and 2016; no shares issued 0.0 0.0
Common stock, par value $0.001 per share; 50,000,000 shares authorized as of December 31, 2017 and 2016; 22,542,672 and 22,356,856 shares issued and outstanding as of December 31, 2017 and 2016, respectively 0.0 0.0
Treasury stock, 305,183 at cost; shares at December 31, 2017 and December 31, 2016 (7.5) (7.5)
Additional paid-in capital 254.6 251.2
Accumulated other comprehensive loss (1.2) (1.4)
Retained earnings 67.0 25.9
Total SP Plus Corporation stockholders' equity 312.9 268.2
Noncontrolling interest 0.2 0.2
Total stockholders' equity 313.1 268.4
Total liabilities and stockholders' equity $ 762.9 $ 778.6