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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 29.6 $ 39.9
Notes and accounts receivable, net 150.0 150.7
Prepaid expenses and other 15.7 17.2
Total current assets 195.3 207.8
Leasehold improvements, equipment and construction in progress, net 43.2 40.3
Right-of-use assets 444.5 0.0
Other assets    
Advances and deposits 4.2 4.2
Other intangible assets, net 154.6 166.0
Favorable acquired lease contracts, net 0.0 17.6
Equity investments in unconsolidated entities 10.4 9.8
Other assets, net 20.3 17.3
Deferred taxes 13.1 14.6
Cost of contracts, net 4.5 9.2
Goodwill 585.7 585.5
Total other assets 792.8 824.2
Total assets 1,475.8 1,072.3
Liabilities and stockholders’ equity    
Accounts payable 102.5 110.1
Accrued rent 18.2 23.5
Compensation and payroll withholdings 24.2 25.8
Property, payroll and other taxes 8.7 9.5
Accrued insurance 19.0 19.7
Accrued expenses 40.0 45.1
Short-term lease liabilities 117.1 0.0
Current portion of long-term obligations under credit facility and other long-term borrowings 14.4 13.2
Total current liabilities 344.1 246.9
Long-term borrowings, excluding current portion    
Obligations under credit facility 340.6 360.9
Other long-term borrowings 15.1 12.6
Total long-term obligations under credit facility and other borrowings 355.7 373.5
Long-term lease liabilities 338.4 0.0
Unfavorable acquired lease contracts, net 0.0 24.7
Other long-term liabilities 59.3 58.6
Total noncurrent liabilities 753.4 456.8
Stockholders’ equity    
Preferred stock, par value $0.01 per share; 5,000,000 shares authorized as of September 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 September 30, 2019 and December 31, 2018; 22,948,766 and 22,783,976 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively 0.0 0.0
Treasury stock, at cost; 1,263,642 and 305,183 shares as of September 30, 2019 and December 31, 2018, respectively (39.8) (7.5)
Additional paid-in capital 260.8 257.7
Accumulated other comprehensive loss (3.3) (2.4)
Retained earnings 160.6 120.7
Total SP Plus Corporation stockholders’ equity 378.3 368.5
Noncontrolling interest 0.0 0.1
Total stockholders’ equity 378.3 368.6
Total liabilities and stockholders’ equity $ 1,475.8 $ 1,072.3