XML 66 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 24.1 $ 39.9
Notes and accounts receivable, net 162.3 150.7
Prepaid expenses and other 24.7 17.2
Total current assets 211.1 207.8
Leasehold improvements, equipment and construction in progress, net 47.9 40.3
Right-of-use assets 431.7 0.0
Other assets    
Advances and deposits 4.0 4.2
Other intangible assets, net 152.2 166.0
Favorable acquired lease contracts, net 0.0 17.6
Equity investments in unconsolidated entities 10.2 9.8
Other assets, net 21.6 17.3
Deferred taxes 10.6 14.6
Cost of contracts, net 4.3 9.2
Goodwill 586.0 585.5
Total other assets 788.9 824.2
Total assets 1,479.6 1,072.3
Liabilities and stockholders' equity    
Accounts payable 115.3 110.1
Accrued rent 18.1 23.5
Compensation and payroll withholdings 28.7 25.8
Property, payroll and other taxes 6.8 9.5
Accrued insurance 19.2 19.7
Accrued expenses 48.6 45.1
Short-term lease liabilities 115.2 0.0
Current portion of long-term obligations under Senior Credit Facility and other long-term borrowings 17.9 13.2
Total current liabilities 369.8 246.9
Long-term borrowings, excluding current portion    
Obligations under Senior Credit Facility 335.5 360.9
Other long-term borrowings 15.6 12.6
Total long-term obligations under credit facility and other borrowings 351.1 373.5
Long-term lease liabilities 327.7 0.0
Unfavorable acquired lease contracts, net 0.0 24.7
Other long-term liabilities 57.1 58.6
Total noncurrent liabilities 735.9 456.8
Stockholders' equity    
Preferred Stock, par value $0.01 per share; 5,000,000 shares authorized as of December 31, 2019 and 2018, respectively; no shares issued or outstanding 0.0 0.0
Common stock, par value $0.001 per share; 50,000,000 shares authorized as of December 31, 2019 and 2018; 24,591,127 issued and 22,950,360 outstanding as of December 31, 2019 and 23,089,159 issued and 22,783,976 outstanding as of December 31, 2018, respectively 0.0 0.0
Treasury stock at cost, 1,640,767 and 305,183 shares at December 31, 2019 and 2018, respectively (55.3) (7.5)
Additional paid-in capital 262.6 257.7
Accumulated other comprehensive loss (2.7) (2.4)
Retained earnings 169.5 120.7
Total SP Plus Corporation stockholders' equity 374.1 368.5
Noncontrolling interest (0.2) 0.1
Total stockholders' equity 373.9 368.6
Total liabilities and stockholders' equity $ 1,479.6 $ 1,072.3