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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Services revenue $ 1,663.7 $ 1,468.4 $ 1,590.5
Cost of services 1,435.6 1,284.4 1,405.2
Gross profit 228.1 184.0 185.3
General and administrative expenses 109.0 91.0 82.9
Depreciation and amortization 29.4 17.9 21.0
Operating income 89.7 75.1 81.4
Other expense (income)      
Interest expense 18.9 9.6 9.2
Interest income (0.3) (0.4) (0.6)
Gain on sale of a business 0.0 0.0 (0.1)
Equity in (earnings) losses from investment in unconsolidated entity 0.0 (10.1) 0.7
Total other expenses (income) 18.6 (0.9) 9.2
Earnings before income taxes 71.1 76.0 72.2
Income tax expense 19.4 19.6 27.7
Net income 51.7 56.4 44.5
Less: Net income attributable to noncontrolling interest 2.9 3.2 3.3
Net income attributable to SP Plus Corporation $ 48.8 $ 53.2 $ 41.2
Net income per common share      
Basic (in dollars per share) $ 2.21 $ 2.38 $ 1.86
Diluted (in dollars per share) $ 2.20 $ 2.35 $ 1.83
Weighted average shares outstanding      
Basic (in shares) 22,080,025 22,394,542 22,195,350
Diluted (in shares) 22,208,032 22,607,223 22,508,288
Lease type contracts      
Services revenue $ 408.9 $ 413.9 $ 563.1
Cost of services 366.9 377.6 518.4
Gross profit 42.0 36.3 44.7
Management type contracts      
Services revenue 526.0 361.5 348.2
Cost of services 339.9 213.8 207.6
Gross profit 186.1 147.7 140.6
Lease And Management Type Contracts      
Services revenue 934.9 775.4 911.3
Cost of services 706.8 591.4 726.0
Reimbursed management type contract revenue      
Services revenue 728.8 693.0 679.2
Cost of services $ 728.8 $ 693.0 $ 679.2