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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Parking services revenue    
Lease type contracts $ 99.5 $ 130.8
Management type contracts 94.4 92.1
Total parking services revenue 193.9 222.9
Reimbursed management type contract revenue 172.9 179.0
Total parking services revenue 366.8 401.9
Cost of parking services    
Lease type contracts 94.6 125.8
Management type contracts 59.9 56.6
Total cost of parking services, gross 154.5 182.4
Reimbursed management type contract expense 172.9 179.0
Total cost of parking services 327.4 361.4
Gross profit    
Lease type contracts 4.9 5.0
Management type contracts 34.5 35.5
Total gross profit 39.4 40.5
General and administrative expenses 22.3 21.2
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 in (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
Net income per common share    
Basic (in dollars per share) $ 0.69 $ 0.27
Diluted (in dollars per share) $ 0.68 $ 0.27
Weighted average shares outstanding    
Basic (in shares) 22,308,694 22,148,265
Diluted (in shares) 22,557,326 22,447,904