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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Assets    
Cash and cash equivalents $ 28.5 $ 22.8
Notes and accounts receivable, net 136.5 122.3
Prepaid expenses and other 11.3 15.5
Total current assets 176.3 160.6
Leasehold improvements, equipment and construction in progress, net 27.1 27.4
Other assets    
Advances and deposits 4.7 4.1
Other intangible assets, net 52.8 54.1
Favorable acquired lease contracts, net 20.4 23.3
Equity investments in unconsolidated entities 9.7 18.6
Other assets, net 18.3 18.3
Deferred taxes 15.8 15.9
Cost of contracts, net 8.7 8.9
Goodwill 431.6 431.7
Total other assets 562.0 574.9
Total assets 765.4 762.9
Liabilities and stockholders’ equity    
Accounts payable 97.6 102.8
Accrued rent 20.6 23.2
Compensation and payroll withholdings 20.8 22.2
Property, payroll and other taxes 8.5 6.8
Accrued insurance 18.7 18.9
Accrued expenses 30.3 25.5
Current portion of obligations under Restated Credit Facility and other long-term borrowings 20.6 20.6
Total current liabilities 217.1 220.0
Long-term borrowings, excluding current portion    
Obligations under Restated Credit Facility 124.3 132.0
Other long-term borrowings 1.2 1.2
Long-term borrowings, excluding current portion 125.5 133.2
Unfavorable acquired lease contracts, net 29.6 31.5
Other long-term liabilities 64.9 65.1
Total noncurrent liabilities 220.0 229.8
Stockholders’ equity    
Preferred stock, par value $0.01 per share; 5,000,000 shares authorized as of March 31, 2018 and December 31, 2017; no shares issued 0.0 0.0
Common stock, par value $0.001 per share; 50,000,000 shares authorized as of March 31, 2018 and December 31, 2017; 22,636,809 and 22,542,672 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively. 0.0 0.0
Treasury stock, at cost; 305,183 shares at March 31, 2018 and December 31, 2017 (7.5) (7.5)
Additional paid-in capital 255.2 254.6
Accumulated other comprehensive loss (1.6) (1.2)
Retained earnings 82.2 67.0
Total SP Plus Corporation stockholders’ equity 328.3 312.9
Noncontrolling interest 0.0 0.2
Total stockholders’ equity 328.3 313.1
Total liabilities and stockholders’ equity $ 765.4 $ 762.9