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Business Unit Segment Information (Tables)
3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Summary of Revenues and Gross Profit by Regions
The following is a summary of revenues (excluding reimbursed management contract revenue) and gross profit by regions for the three months ended March 31, 2018 and 2017:
 
Three Months Ended
(millions) (unaudited)
March 31, 2018
 
Gross
Margin
%
 
March 31, 2017
 
Gross
Margin
%
Parking Services Revenue
 

 
 

 
 

 
 

Region One
 

 
 

 
 

 
 

Lease type contracts
$
93.1

 
 

 
$
99.8

 
 

Management type contracts
69.5

 
 

 
68.1

 
 

Total Region One
162.6

 
 

 
167.9

 
 

Region Two
 

 
 

 
 

 
 

Lease type contracts
6.4

 
 

 
31.0

 
 

Management type contracts
22.3

 
 

 
21.8

 
 

Total Region Two
28.7

 
 

 
52.8

 
 

Other
 

 
 

 
 

 
 

Lease type contracts

 
 

 

 
 

Management type contracts
2.6

 
 

 
2.2

 
 

Total Other
2.6

 
 

 
2.2

 
 

Reimbursed management type contract revenue
172.9

 
 

 
179.0

 
 

Total Parking Services Revenue
$
366.8

 
 

 
$
401.9

 
 

Gross Profit
 

 
 

 
 

 
 

Region One
 

 
 

 
 

 
 

Lease type contracts
2.3

 
2
%
 
$
3.3

 
3
%
Management type contracts
23.7

 
34
%
 
24.6

 
36
%
Total Region One
26.0

 
 

 
27.9

 
 

Region Two
 

 
 

 
 

 
 

Lease type contracts
1.4

 
22
%
 
1.2

 
4
%
Management type contracts
5.9

 
26
%
 
6.3

 
29
%
Total Region Two
7.3

 
 

 
7.5

 
 

Other
 

 
 

 
 

 
 

Lease type contracts
1.2

 
%
 
0.5

 
%
Management type contracts
4.9

 
188
%
 
4.6

 
209
%
Total Other
6.1

 
 

 
5.1

 
 

Total gross profit
39.4

 

 
$
40.5

 

General and administrative expenses
22.3

 

 
21.2

 

General and administrative expense percentage of gross profit
57
%
 

 
52
%
 

Depreciation and amortization
4.0

 

 
6.6

 

Operating income
13.1

 

 
12.7

 

Other expenses (income)
 

 
 

 
 

 
 

Interest expense
2.1

 
 

 
2.6

 
 

Interest income
(0.1
)
 
 

 
(0.1
)
 
 

Equity (earnings) losses from investment in unconsolidated entity
(10.1
)
 
 

 
0.2

 
 

Total other (income) expenses
(8.1
)
 


 
2.7

 


Earnings before income taxes
21.2

 
 

 
10.0

 
 

Income tax expense
5.3

 
 

 
3.3

 
 

Net income
15.9

 
 

 
6.7

 
 

Less: Net income attributable to noncontrolling interest
0.6

 
 

 
0.7

 
 

Net income attributable to SP Plus Corporation
$
15.3

 
 

 
$
6.0