XML 85 R105.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Domestic and Foreign Operations (Details)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2019
USD ($)
Sep. 30, 2019
USD ($)
Jun. 30, 2019
USD ($)
Mar. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Sep. 30, 2018
USD ($)
Jun. 30, 2018
USD ($)
Mar. 31, 2018
USD ($)
Dec. 31, 2019
USD ($)
segment
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Business Unit Segment Information                      
Number of operating segments | segment                 2    
Services revenue $ 421.5 $ 418.6 $ 414.2 $ 409.4 $ 377.3 $ 362.1 $ 362.2 $ 366.8 $ 1,663.7 $ 1,468.4 $ 1,590.5
Gross profit 54.3 58.7 61.9 53.2 48.5 45.0 51.1 39.4 228.1 184.0 185.3
General and administrative expenses 28.2 26.0 27.7 27.1 27.7 18.7 22.3 22.3 $ 109.0 $ 91.0 $ 82.9
General and administrative expense percentage of gross profit                 47.80% 49.50% 44.70%
Depreciation and amortization 7.6 7.3 7.3 7.2 5.2 4.2 4.5 4.0 $ 29.4 $ 17.9 $ 21.0
Operating income 18.5 25.4 26.9 18.9 15.6 22.1 24.3 13.1 89.7 75.1 81.4
Other expense (income)                      
Interest expense 4.2 4.8 4.9 5.0 3.2 2.1 2.2 2.1 18.9 9.6 9.2
Interest income 0.0 (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.3) (0.4) (0.6)
Net gain on sale of a business                 0.0 0.0 (0.1)
Equity in (earnings) losses from investment in unconsolidated entity 0.0 0.0 0.0 0.0 0.0 0.0 0.0 (10.1) 0.0 (10.1) 0.7
Total other expenses (income) 4.2 4.7 4.8 4.9 3.1 2.0 2.1 (8.1) 18.6 (0.9) 9.2
Earnings before income taxes 14.3 20.7 22.1 14.0 12.5 20.1 22.2 21.2 71.1 76.0 72.2
Income tax expense 4.8 5.7 5.8 3.1 2.7 5.6 6.0 5.3 19.4 19.6 27.7
Net income 9.5 15.0 16.3 10.9 9.8 14.5 16.2 15.9 51.7 56.4 44.5
Less: Net income attributable to noncontrolling interest 0.7 0.8 1.1 0.3 0.7 1.0 0.9 0.6 2.9 3.2 3.3
Net income attributable to SP Plus Corporation 8.8 14.2 15.2 10.6 9.1 13.5 15.3 15.3 48.8 53.2 41.2
Operating Segments | Commercial                      
Business Unit Segment Information                      
Services revenue                 630.2 635.6 681.9
Gross profit                 130.5 124.1 136.5
Operating Segments | Aviation                      
Business Unit Segment Information                      
Services revenue                 294.2 128.2 218.4
Gross profit                 77.5 39.2 32.9
Segment Reconciling Items                      
Business Unit Segment Information                      
Services revenue                 10.5 11.6 11.0
Gross profit                 20.1 20.7 15.9
Lease type contracts                      
Business Unit Segment Information                      
Services revenue 101.3 104.6 105.2 97.8 102.3 104.7 107.4 99.5 408.9 413.9 563.1
Gross profit 8.9 11.6 13.4 8.1 8.0 10.5 12.9 4.9 42.0 36.3 44.7
Lease type contracts | Operating Segments | Commercial                      
Business Unit Segment Information                      
Services revenue                 377.3 386.2 433.8
Gross profit                 $ 29.4 $ 25.8 $ 36.4
Gross margin percentage(in percentage)                 7.80% 6.60% 8.30%
Lease type contracts | Operating Segments | Aviation                      
Business Unit Segment Information                      
Services revenue                 $ 30.7 $ 27.0 $ 129.3
Gross profit                 $ 8.3 $ 7.3 $ 6.7
Gross margin percentage(in percentage)                 27.00% 26.30% 5.20%
Lease type contracts | Segment Reconciling Items                      
Business Unit Segment Information                      
Services revenue                 $ 0.9 $ 0.7 $ 0.0
Gross profit                 4.3 3.2 1.6
Management type contracts                      
Business Unit Segment Information                      
Services revenue 130.6 132.6 129.9 132.9 96.8 82.6 87.7 94.4 526.0 361.5 348.2
Gross profit 45.4 47.1 48.5 45.1 40.5 34.5 38.2 34.5 186.1 147.7 140.6
Management type contracts | Operating Segments | Commercial                      
Business Unit Segment Information                      
Services revenue                 252.9 249.4 248.1
Gross profit                 $ 101.1 $ 98.3 $ 100.1
Gross margin percentage(in percentage)                 40.00% 37.80% 38.80%
Management type contracts | Operating Segments | Aviation                      
Business Unit Segment Information                      
Services revenue                 $ 263.5 $ 101.2 $ 89.1
Gross profit                 $ 69.2 $ 31.9 $ 26.2
Gross margin percentage(in percentage)                 26.30% 31.50% 29.20%
Management type contracts | Segment Reconciling Items                      
Business Unit Segment Information                      
Services revenue                 $ 9.6 $ 10.9 $ 11.0
Gross profit                 15.8 17.5 14.3
Reimbursed management type contract revenue                      
Business Unit Segment Information                      
Services revenue $ 189.6 $ 181.4 $ 179.1 $ 178.7 $ 178.2 $ 174.8 $ 167.1 $ 172.9 $ 728.8 $ 693.0 $ 679.2