Business Unit Segment Information (Tables)

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Summary of Revenues and Gross Profit by Regions

The following is a summary of revenues (excluding reimbursed management type contract revenue) and gross profit by regions for the three and six months ended June 30, 2018 and 2017:

	Three Months Ended										Six Months Ended
(millions) (unaudited)	June 30, 2018			Gross Margin %		June 30, 2017			Gross Margin %		June 30, 2018			Gross Margin %		June 30, 2017			Gross Margin %
Parking Services Revenue
Region One
Lease type contracts (1)	$	100.2				$	117.4				$	193.3				$	217.1
Management type contracts	62.1					59.3					131.7					127.6
Total Region One	162.3					176.7					325.0					344.7
Region Two
Lease type contracts (1)	7.0					33.5					13.4					64.6
Management type contracts	22.8					22.6					45.1					44.2
Total Region Two	29.8					56.1					58.5					108.8
Other
Lease type contracts	0.2					—					0.2					—
Management type contracts	2.8					2.1					5.4					4.3
Total Other	3.0					2.1					5.6					4.3
Reimbursed management type contract revenue	167.1					168.6					339.9					347.6
Total Parking Services Revenue	$	362.2				$	403.5				$	729.0				$	805.4
Gross Profit
Region One
Lease type contracts	$	9.6		10	%	$	17.9		15	%	$	12.0		6	%	$	21.1		10	%
Management type contracts	23.9			38	%	24.6			41	%	47.6			36	%	49.5			39	%
Total Region One	33.5					42.5					59.6					70.6
Region Two
Lease type contracts	2.1			30	%	2.0			6	%	3.5			26	%	3.3			5	%
Management type contracts	7.7			34	%	7.2			32	%	13.6			30	%	13.3			30	%
Total Region Two	9.8					9.2					17.1					16.6
Other
Lease type contracts	1.2			600	%	0.8			—	%	2.4			1,200	%	1.3			—	%
Management type contracts	6.6			236	%	5.0			238	%	11.5			213	%	9.5			221	%
Total Other	7.8					5.8					13.9					10.8
Total gross profit	$	51.1				$	57.5				$	90.6				$	98.0
General and administrative expenses	22.3					22.5					44.6					43.7
General and administrative expense percentage of gross profit	44		%			39		%			49		%			45		%
Depreciation and amortization	4.5					4.8					8.5					11.4
Operating income	24.3					30.2					37.5					42.9
Other expenses (income)
Interest expense	2.2					2.3					4.3					4.9
Interest income	(0.1		)			(0.2		)			(0.2		)			(0.3		)
Gain on sale of a business	—					(0.1		)			—					(0.1		)
Equity (earnings) losses from investment in unconsolidated entity	—					0.2					(10.0		)			0.4
Total other expenses (income)	2.1					2.2					(5.9		)			4.9
Earnings before income taxes	22.2					28.0					43.4					38.0
Income tax expense	6.0					10.7					11.3					14.0
Net income	16.2					17.3					32.1					24.0
Less: Net income attributable to noncontrolling interest	0.9					1.1					1.5					1.8
Net income attributable to SP Plus Corporation	$	15.3				$	16.2				$	30.6				$	22.2

(1) Includes reduction of Parking services revenue - lease type contracts due to the adoption of Topic 853, which requires rental expense for the periods after January 1, 2018 be presented as a reduction of Parking services revenue - lease type contracts for those locations (and corresponding contracts) that meet the criteria and definition of a service concession arrangement. Refer to Footnote 2. Revenue, for further discussion regarding the adoption of Topic 853.