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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Parking services revenue      
Lease contracts $ 563.1 $ 545.0 $ 570.9
Management contracts 348.2 346.8 350.3
Total parking services revenue 911.3 891.8 921.2
Reimbursed management contract revenue 679.2 676.6 650.6
Total parking services revenue 1,590.5 1,568.4 1,571.8
Cost of parking services      
Lease contracts 518.4 505.6 532.8
Management contracts 207.6 209.8 218.3
Total cost of parking services, gross 726.0 715.4 751.1
Reimbursed management contract expense 679.2 676.6 650.6
Total cost of parking services 1,405.2 1,392.0 1,401.7
Gross profit      
Lease contracts 44.7 39.4 38.1
Management contracts 140.6 137.0 132.0
Total gross profit 185.3 176.4 170.1
General and administrative expenses 82.9 90.0 97.3
Depreciation and amortization 21.0 33.7 34.0
Operating income 81.4 52.7 38.8
Other expense (income)      
Interest expense 9.2 10.5 12.7
Interest income (0.6) (0.5) (0.2)
Gain on sale of a business (0.1) 0.0 (0.5)
Equity in losses from investment in unconsolidated entity 0.7 0.9 1.7
Total other expenses (income) 9.2 10.9 13.7
Earnings before income taxes 72.2 41.8 25.1
Income tax expense 27.7 15.8 4.8
Net income 44.5 26.0 20.3
Less: Net income attributable to noncontrolling interest 3.3 2.9 2.9
Net income attributable to SP Plus Corporation $ 41.2 $ 23.1 $ 17.4
Net income per common share      
Basic (in dollars per share) $ 1.86 $ 1.04 $ 0.78
Diluted (in dollars per share) $ 1.83 $ 1.03 $ 0.77
Weighted average shares outstanding      
Basic (in shares) 22,195,350 22,238,021 22,189,140
Diluted (in shares) 22,508,288 22,528,122 22,511,759