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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 22.3 $ 39.9
Notes and accounts receivable, net 162.1 150.7
Prepaid expenses and other 14.1 17.2
Total current assets 198.5 207.8
Leasehold improvements, equipment and construction in progress, net 42.3 40.3
Right-of-use assets 454.2 0.0
Other assets    
Advances and deposits 4.3 4.2
Other intangible assets, net 158.4 166.0
Favorable acquired lease contracts, net 0.0 17.6
Equity investments in unconsolidated entities 10.3 9.8
Other assets, net 19.9 17.3
Deferred taxes 13.7 14.6
Cost of contracts, net 4.4 9.2
Goodwill 585.8 585.5
Total other assets 796.8 824.2
Total assets 1,491.8 1,072.3
Liabilities and stockholders’ equity    
Accounts payable 107.4 110.1
Accrued rent 18.9 23.5
Compensation and payroll withholdings 23.0 25.8
Property, payroll and other taxes 6.5 9.5
Accrued insurance 19.8 19.7
Accrued expenses 36.8 45.1
Short-term lease liabilities 117.6 0.0
Current portion of long-term obligations under credit facility and other long-term borrowings 14.0 13.2
Total current liabilities 344.0 246.9
Long-term borrowings, excluding current portion    
Obligations under credit facility 343.8 360.9
Other long-term borrowings 14.5 12.6
Total long-term obligations under credit facility and other borrowings 358.3 373.5
Long-term lease liabilities 348.4 0.0
Unfavorable acquired lease contracts, net 0.0 24.7
Other long-term liabilities 59.2 58.6
Total noncurrent liabilities 765.9 456.8
Stockholders’ equity    
Preferred stock, par value $0.01 per share; 5,000,000 shares authorized as of June 30, 2019 and December 31, 2018; no shares issued 0.0 0.0
Common stock, par value $0.001 per share; 50,000,000 shares authorized as of June 30, 2019 and December 31, 2018; 22,879,409 and 22,783,976 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 0.0 0.0
Treasury stock, at cost; 726,899 and 305,183 shares as of June 30, 2019 and December 31, 2018, respectively (21.1) (7.5)
Additional paid-in capital 259.5 257.7
Accumulated other comprehensive loss (3.1) (2.4)
Retained earnings 146.5 120.7
Total SP Plus Corporation stockholders’ equity 381.8 368.5
Noncontrolling interest 0.1 0.1
Total stockholders’ equity 381.9 368.6
Total liabilities and stockholders’ equity $ 1,491.8 $ 1,072.3