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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Services revenue $ 414.2 $ 362.2 $ 823.6 $ 729.0
Cost of services 352.3 311.1 708.5 638.4
Gross profit 61.9 51.1 115.1 90.6
General and administrative expenses 27.7 22.3 54.8 44.6
Depreciation and amortization 7.3 4.5 14.5 8.5
Operating income 26.9 24.3 45.8 37.5
Other expenses (income)        
Interest expense 4.9 2.2 9.9 4.3
Interest income (0.1) (0.1) (0.2) (0.2)
Equity in earnings from investment in unconsolidated entity 0.0 0.0 0.0 (10.0)
Total other expenses (income) 4.8 2.1 9.7 (5.9)
Earnings before income taxes 22.1 22.2 36.1 43.4
Income tax expense 5.8 6.0 8.9 11.3
Net income 16.3 16.2 27.2 32.1
Less: Net income attributable to noncontrolling interest 1.1 0.9 1.4 1.5
Net income attributable to SP Plus Corporation $ 15.2 $ 15.3 $ 25.8 $ 30.6
Net income per common share        
Basic (in dollars per share) $ 0.68 $ 0.68 $ 1.15 $ 1.37
Diluted (in dollars per share) $ 0.68 $ 0.68 $ 1.14 $ 1.36
Weighted average shares outstanding        
Basic (in shares) 22,382,139 22,370,923 22,445,825 22,335,835
Diluted (in shares) 22,532,213 22,644,884 22,600,107 22,597,131
Lease type contracts        
Services revenue $ 105.2 $ 107.4 $ 203.0 $ 206.9
Cost of services 91.8 94.5 181.5 189.0
Gross profit 13.4 12.9 21.5 17.9
Management type contracts        
Services revenue 129.9 87.7 262.8 182.2
Cost of services 81.4 49.5 169.2 109.5
Gross profit 48.5 38.2 93.6 72.7
Lease and management type contracts        
Services revenue 235.1 195.1 465.8 389.1
Cost of services 173.2 144.0 350.7 298.5
Reimbursed management type contract        
Services revenue 179.1 167.1 357.8 339.9
Cost of services $ 179.1 $ 167.1 $ 357.8 $ 339.9