XML 79 R67.htm IDEA: XBRL DOCUMENT v3.10.0.1
Business Unit Segment Information - Schedule of Revenues and Gross Profit by Regions (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Parking Services Revenue        
Revenues $ 362.2 $ 403.5 $ 729.0 $ 805.4
Gross Profit        
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 44.00% 39.00% 49.00% 45.00%
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 expense (0.1) (0.2) (0.2) (0.3)
Gain on sale of a business 0.0 (0.1) 0.0 (0.1)
Equity (earnings) losses from investment in unconsolidated entity 0.0 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
Operating segment | Region One        
Parking Services Revenue        
Revenues 162.3 176.7 325.0 344.7
Gross Profit        
Total gross profit 33.5 42.5 59.6 70.6
Operating segment | Region Two        
Parking Services Revenue        
Revenues 29.8 56.1 58.5 108.8
Gross Profit        
Total gross profit 9.8 9.2 17.1 16.6
Segment Reconciling Items        
Parking Services Revenue        
Revenues 3.0 2.1 5.6 4.3
Gross Profit        
Total gross profit 7.8 5.8 13.9 10.8
Lease type contracts        
Parking Services Revenue        
Revenues 107.4 150.9 206.9 281.7
Gross Profit        
Total gross profit 12.9 20.7 17.9 25.7
Lease type contracts | Operating segment        
Gross Profit        
Total gross profit      
Lease type contracts | Operating segment | Region One        
Parking Services Revenue        
Revenues 100.2 117.4 193.3 217.1
Gross Profit        
Total gross profit $ 9.6 $ 17.9 $ 12.0 $ 21.1
Gross margin percentage 10.00% 15.00% 6.00% 10.00%
Lease type contracts | Operating segment | Region Two        
Parking Services Revenue        
Revenues $ 7.0 $ 33.5 $ 13.4 $ 64.6
Gross Profit        
Total gross profit $ 2.1 $ 2.0 $ 3.5 $ 3.3
Gross margin percentage 30.00% 6.00% 26.00% 5.00%
Lease type contracts | Segment Reconciling Items        
Parking Services Revenue        
Revenues $ 0.2 $ 0.0 $ 0.2 $ 0.0
Gross Profit        
Total gross profit $ 1.2 $ 0.8 $ 2.4 $ 1.3
Gross margin percentage 600.00% 0.00% 1200.00% 0.00%
Management type contracts        
Parking Services Revenue        
Revenues $ 87.7 $ 84.0 $ 182.2 $ 176.1
Gross Profit        
Total gross profit 38.2 36.8 72.7 72.3
Management type contracts | Operating segment        
Gross Profit        
Total gross profit      
Management type contracts | Operating segment | Region One        
Parking Services Revenue        
Revenues 62.1 59.3 131.7 127.6
Gross Profit        
Total gross profit $ 23.9 $ 24.6 $ 47.6 $ 49.5
Gross margin percentage 38.00% 41.00% 36.00% 39.00%
Management type contracts | Operating segment | Region Two        
Parking Services Revenue        
Revenues $ 22.8 $ 22.6 $ 45.1 $ 44.2
Gross Profit        
Total gross profit $ 7.7 $ 7.2 $ 13.6 $ 13.3
Gross margin percentage 34.00% 32.00% 30.00% 30.00%
Management type contracts | Segment Reconciling Items        
Parking Services Revenue        
Revenues $ 2.8 $ 2.1 $ 5.4 $ 4.3
Gross Profit        
Total gross profit $ 6.6 $ 5.0 $ 11.5 $ 9.5
Gross margin percentage 236.00% 238.00% 213.00% 221.00%
Reimbursed management type contract        
Parking Services Revenue        
Revenues $ 167.1 $ 168.6 $ 339.9 $ 347.6