Acquisition (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The fair values of assets acquired and liabilities assumed are as follows:

(millions)	Initial			Measurement Period Adjustments			Final
Cash and cash equivalents	$	5.9					$	5.9
Notes and accounts receivable	13.2						13.2
Prepaid expenses and other	2.0						2.0
Advances and deposits	0.2						0.2
Leasehold improvements, equipment and construction in progress, net	1.5						1.5
Other intangible assets, net	118.0						118.0
Goodwill	154.1			0.3			154.4
Accounts payable	(6.5		)				(6.5		)
Accrued expenses	(4.1		)	(0.3		)	(4.4		)
Other long-term liabilities	(0.7		)				(0.7		)
Net assets acquired and liabilities assumed	$	283.6		$	—		$	283.6

Schedule of Other Intangible Assets

Other Intangibles assets, net acquired consist of the following:

(millions)	Estimated Life	Fair Value
Trade name	5.0 Years	$	5.6
Customer relationships	12.4 - 15.8 Years	100.4
Existing technology	5.0 - 6.0 Years	10.4
Non-compete agreement	5.0 Years	1.6
Estimated fair value of identified intangibles		$	118.0

Schedule of Pro Forma Information

Additionally, the unaudited pro forma financial information does not reflect the costs that the company has incurred or may incur to integrate Bags.

(millions)	2018
Total services revenue	$	1,617.7
Net income attributable to SP Plus Corporation	55.1