XML 55 R86.htm IDEA: XBRL DOCUMENT v3.19.3
Business Unit Segment Information - Schedule of Revenues and Gross Profit by Regions (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Sep. 30, 2019
Sep. 30, 2018
Parking Services Revenue                
Total Services Revenue $ 418.6     $ 362.1     $ 1,242.2 $ 1,091.2
Gross Profit                
Total gross profit 58.7     45.0     173.8 135.6
General and administrative expenses $ 26.0     $ 18.7     $ 80.8 $ 63.3
General and administrative expense percentage of gross profit 44.00%     42.00%     46.00% 47.00%
Depreciation and amortization $ 7.3     $ 4.2     $ 21.8 $ 12.7
Operating income 25.4     22.1     71.2 59.6
Other expenses (income)                
Interest expense 4.8     2.1     14.7 6.5
Interest income (0.1)     (0.1)     (0.3) (0.3)
Equity earnings from investment in unconsolidated entity 0.0     0.0     0.0 (10.1)
Total other expenses (income) 4.7     2.0     14.4 (3.9)
Earnings before income taxes 20.7     20.1     56.8 63.5
Income tax expense 5.7     5.6     14.6 16.9
Net income 15.0 $ 16.3 $ 10.9 14.5 $ 16.2 $ 15.9 42.2 46.6
Less: Net income attributable to noncontrolling interest 0.8     1.0     2.2 2.5
Net income attributable to SP Plus Corporation 14.2     13.5     40.0 44.1
Operating segment | Segment One                
Parking Services Revenue                
Total Services Revenue 158.5     157.0     474.7 481.9
Gross Profit                
Total gross profit 33.5     31.8     95.1 91.3
Operating segment | Segment Two                
Parking Services Revenue                
Total Services Revenue 76.2     28.0     221.4 86.5
Gross Profit                
Total gross profit 19.9     8.7     59.3 25.9
Segment Reconciling Items                
Parking Services Revenue                
Total Services Revenue 2.5     2.3     6.9 8.0
Gross Profit                
Total gross profit 5.3     4.5     19.4 18.4
Lease type contracts                
Parking Services Revenue                
Total Services Revenue 104.6     104.7     307.6 311.6
Gross Profit                
Total gross profit 11.6     10.5     33.1 28.4
Lease type contracts | Operating segment | Segment One                
Parking Services Revenue                
Total Services Revenue 96.2     97.6     283.6 290.8
Gross Profit                
Total gross profit $ 7.7     $ 7.7     $ 22.1 $ 19.5
Gross margin percentage 8.00%     8.00%     8.00% 7.00%
Lease type contracts | Operating segment | Segment Two                
Parking Services Revenue                
Total Services Revenue $ 8.1     $ 6.9     $ 23.4 $ 20.3
Gross Profit                
Total gross profit $ 2.4     $ 2.0     $ 6.4 $ 5.6
Gross margin percentage 30.00%     29.00%     27.00% 28.00%
Lease type contracts | Segment Reconciling Items                
Parking Services Revenue                
Total Services Revenue $ 0.3     $ 0.2     $ 0.6 $ 0.5
Gross Profit                
Total gross profit 1.5     0.8     4.6 3.3
Management type contracts                
Parking Services Revenue                
Total Services Revenue 132.6     82.6     395.4 264.8
Gross Profit                
Total gross profit 47.1     34.5     140.7 107.2
Management type contracts | Operating segment | Segment One                
Parking Services Revenue                
Total Services Revenue 62.3     59.4     191.1 191.1
Gross Profit                
Total gross profit $ 25.8     $ 24.1     $ 73.0 $ 71.8
Gross margin percentage 41.00%     41.00%     38.00% 38.00%
Management type contracts | Operating segment | Segment Two                
Parking Services Revenue                
Total Services Revenue $ 68.1     $ 21.1     $ 198.0 $ 66.2
Gross Profit                
Total gross profit $ 17.5     $ 6.7     $ 52.9 $ 20.3
Gross margin percentage 26.00%     32.00%     27.00% 31.00%
Management type contracts | Segment Reconciling Items                
Parking Services Revenue                
Total Services Revenue $ 2.2     $ 2.1     $ 6.3 $ 7.5
Gross Profit                
Total gross profit 3.8     3.7     14.8 15.1
Reimbursed management type contract revenue                
Parking Services Revenue                
Total Services Revenue $ 181.4     $ 174.8     $ 539.2 $ 514.8