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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Total services revenue $ 409.4 $ 366.8
Cost of services 356.2 327.4
Gross profit 53.2 39.4
General and administrative expenses 27.1 22.3
Depreciation and amortization 7.2 4.0
Operating income 18.9 13.1
Other expenses (income)    
Interest expense 5.0 2.1
Interest income (0.1) (0.1)
Equity in earnings from investment in unconsolidated entity 0.0 (10.1)
Total other expenses (income) 4.9 (8.1)
Earnings before income taxes 14.0 21.2
Income tax expense 3.1 5.3
Net income 10.9 15.9
Less: Net income attributable to noncontrolling interest 0.3 0.6
Net income attributable to SP Plus Corporation $ 10.6 $ 15.3
Net income per common share    
Basic (in dollars per share) $ 0.47 $ 0.69
Diluted (in dollars per share) $ 0.47 $ 0.68
Weighted average shares outstanding    
Basic (in shares) 22,509,050 22,308,694
Diluted (in shares) 22,667,539 22,557,326
Lease type contracts    
Total services revenue $ 97.8 $ 99.5
Cost of services 89.7 94.6
Gross profit 8.1 4.9
Management type contracts    
Total services revenue 132.9 94.4
Cost of services 87.8 59.9
Gross profit 45.1 34.5
Lease and Management type contracts    
Total services revenue 230.7 193.9
Cost of services 177.5 154.5
Reimbursed management type contract expense    
Total services revenue 178.7 172.9
Cost of services $ 178.7 $ 172.9