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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Assets    
Cash and cash equivalents $ 32.5 $ 22.8
Notes and accounts receivable, net 130.9 122.3
Prepaid expenses and other 12.3 15.5
Total current assets 175.7 160.6
Leasehold improvements, equipment and construction in progress, net 26.0 27.4
Other assets    
Advances and deposits 4.0 4.1
Other intangible assets, net 51.5 54.1
Favorable acquired lease contracts, net 19.5 23.3
Equity investments in unconsolidated entities 9.6 18.6
Other assets, net 18.6 18.3
Deferred taxes 15.9 15.9
Cost of contracts, net 8.7 8.9
Goodwill 431.5 431.7
Total other assets 559.3 574.9
Total assets 761.0 762.9
Liabilities and stockholders’ equity    
Accounts payable 94.9 102.8
Accrued rent 23.6 23.2
Compensation and payroll withholdings 22.9 22.2
Property, payroll and other taxes 8.3 6.8
Accrued insurance 18.0 18.9
Accrued expenses 30.0 25.5
Current portion of obligations under Restated Credit Facility and other long-term borrowings 20.7 20.6
Total current liabilities 218.4 220.0
Long-term borrowings, excluding current portion    
Obligations under Restated Credit Facility 104.6 132.0
Other long-term borrowings 1.1 1.2
Long-term borrowings, excluding current portion 105.7 133.2
Unfavorable acquired lease contracts, net 27.9 31.5
Other long-term liabilities 63.8 65.1
Total noncurrent liabilities 197.4 229.8
Stockholders’ equity    
Preferred stock, par value $0.01 per share; 5,000,000 shares authorized as of June 30, 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 June 30, 2018 and December 31, 2017; 22,657,566 and 22,542,672 shares issued and outstanding as of June 30, 2018 and December 31, 2017, respectively 0.0 0.0
Treasury stock, at cost; 305,183 shares as of June 30, 2018 and December 31, 2017, respectively (7.5) (7.5)
Additional paid-in capital 256.8 254.6
Accumulated other comprehensive loss (1.8) (1.2)
Retained earnings 97.6 67.0
Total SP Plus Corporation stockholders’ equity 345.1 312.9
Noncontrolling interest 0.1 0.2
Total stockholders’ equity 345.2 313.1
Total liabilities and stockholders’ equity $ 761.0 $ 762.9