XML 97 R85.htm IDEA: XBRL DOCUMENT v3.19.2
Business Unit Segment Information - Schedule of Revenues and Gross Profit by Regions (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Parking Services Revenue            
Total Services Revenue $ 414.2   $ 362.2   $ 823.6 $ 729.0
Gross Profit            
Total gross profit 61.9   51.1   115.1 90.6
General and administrative expenses $ 27.7   $ 22.3   $ 54.8 $ 44.6
General and administrative expense percentage of gross profit 45.00%   44.00%   48.00% 49.00%
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 expense (0.1)   (0.1)   (0.2) (0.2)
Equity 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 $ 10.9 16.2 $ 15.9 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
Operating segment | Segment One            
Parking Services Revenue            
Total Services Revenue 158.0   162.3   316.1 325.0
Gross Profit            
Total gross profit 33.3   33.5   61.7 59.6
Operating segment | Segment Two            
Parking Services Revenue            
Total Services Revenue 74.9   29.8   145.2 58.5
Gross Profit            
Total gross profit 22.1   9.8   39.3 17.1
Segment Reconciling Items            
Parking Services Revenue            
Total Services Revenue 2.2   3.0   4.5 5.6
Gross Profit            
Total gross profit 6.5   7.8   14.1 13.9
Lease type contracts            
Parking Services Revenue            
Total Services Revenue 105.2   107.4   203.0 206.9
Gross Profit            
Total gross profit 13.4   12.9   21.5 17.9
Lease type contracts | Operating segment | Segment One            
Parking Services Revenue            
Total Services Revenue 96.9   100.2   187.4 193.3
Gross Profit            
Total gross profit $ 9.8   $ 9.6   $ 14.4 $ 12.0
Gross margin percentage 10.00%   10.00%   8.00% 6.00%
Lease type contracts | Operating segment | Segment Two            
Parking Services Revenue            
Total Services Revenue $ 8.2   $ 7.0   $ 15.3 $ 13.4
Gross Profit            
Total gross profit $ 2.5   $ 2.1   $ 4.0 $ 3.5
Gross margin percentage 31.00%   30.00%   26.00% 26.00%
Lease type contracts | Segment Reconciling Items            
Parking Services Revenue            
Total Services Revenue $ 0.1   $ 0.2   $ 0.3 $ 0.2
Gross Profit            
Total gross profit $ 1.1   $ 1.2   $ 3.1 $ 2.4
Gross margin percentage 1100.00%   600.00%   1033.00% 1200.00%
Management type contracts            
Parking Services Revenue            
Total Services Revenue $ 129.9   $ 87.7   $ 262.8 $ 182.2
Gross Profit            
Total gross profit 48.5   38.2   93.6 72.7
Management type contracts | Operating segment | Segment One            
Parking Services Revenue            
Total Services Revenue 61.1   62.1   128.7 131.7
Gross Profit            
Total gross profit $ 23.5   $ 23.9   $ 47.3 $ 47.6
Gross margin percentage 39.00%   38.00%   37.00% 36.00%
Management type contracts | Operating segment | Segment Two            
Parking Services Revenue            
Total Services Revenue $ 66.7   $ 22.8   $ 129.9 $ 45.1
Gross Profit            
Total gross profit $ 19.6   $ 7.7   $ 35.3 $ 13.6
Gross margin percentage 29.00%   34.00%   27.00% 30.00%
Management type contracts | Segment Reconciling Items            
Parking Services Revenue            
Total Services Revenue $ 2.1   $ 2.8   $ 4.2 $ 5.4
Gross Profit            
Total gross profit $ 5.4   $ 6.6   $ 11.0 $ 11.5
Gross margin percentage 257.00%   236.00%   262.00% 213.00%
Reimbursed management type contract expense            
Parking Services Revenue            
Total Services Revenue $ 179.1   $ 167.1   $ 357.8 $ 339.9