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Domestic and Foreign Operations (Tables)
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Summary of revenues (excluding reimbursed management contract revenue) and gross profit by operating segment
The following is a summary of revenues and gross profit by operating segment for the years ended December 31, 2019, 2018 and 2017:
 
Year Ended December 31,
 (millions)
2019
 
Gross Margin Percentage
 
2018 (1)
 
Gross Margin Percentage
 
2017
 
Gross Margin Percentage
Services revenue
 

 
 

 
 

 
 
 
 

 
 

Commercial
 

 
 

 
 

 
 
 
 

 
 

Lease type contracts (2)
$
377.3

 
 

 
$
386.2

 
 
 
$
433.8

 
 

Management type contracts
252.9

 
 

 
249.4

 
 
 
248.1

 
 

Total Commercial
630.2

 
 

 
635.6

 
 
 
681.9

 
 

Aviation
 

 
 

 
 

 
 
 
 

 
 

Lease type contracts (2)
30.7

 
 

 
27.0

 
 
 
129.3

 
 

Management type contracts
263.5

 
 

 
101.2

 
 
 
89.1

 
 

Total Aviation
294.2

 
 

 
128.2

 
 
 
218.4

 
 

Other
 

 
 

 
 

 
 
 
 

 
 

Lease type contracts
0.9

 
 

 
0.7

 
 
 
—

 
 

Management type contracts
9.6

 
 

 
10.9

 
 
 
11.0

 
 

Total Other
10.5

 
 

 
11.6

 
 
 
11.0

 
 

Reimbursed management type contract revenue
728.8

 
 

 
693.0

 
 
 
679.2

 
 

Total services revenue
$
1,663.7

 
 

 
$
1,468.4

 
 
 
$
1,590.5

 
 

Gross Profit
 

 
 

 
 

 
 
 
 

 
 

Commercial
 

 
 
 
 

 
 
 
 

 
 

Lease type contracts
29.4

 
7.8
%
 
25.8

 
6.6
%
 
36.4

 
8.3
%
Management type contracts
101.1

 
40.0
%
 
98.3

 
37.8
%
 
100.1

 
38.8
%
Total Commercial
130.5

 
 

 
124.1

 
 
 
136.5

 
 

Aviation
 

 
 

 
 

 
 
 
 

 
 

Lease type contracts
8.3

 
27.0
%
 
7.3

 
26.3
%
 
6.7

 
5.2
%
Management type contracts
69.2

 
26.3
%
 
31.9

 
31.5
%
 
26.2

 
29.2
%
Total Aviation
77.5

 
 

 
39.2

 
 
 
32.9

 
 

Other
 

 
 

 
 

 
 
 
 

 
 

Lease type contracts
4.3

 
N/M

 
3.2

 
N/M

 
1.6

 
N/M

Management type contracts
15.8

 
N/M

 
17.5

 
N/M

 
14.3

 
N/M

Total Other
20.1

 
 

 
20.7

 
 
 
15.9

 
 

Total gross profit
228.1

 
 

 
184.0

 
 
 
185.3

 
 

General and administrative expenses
109.0

 
 

 
91.0

 
 

 
82.9

 
 

General and administrative
expense percentage of gross profit
47.8
%
 
 

 
49.5
%
 
 

 
44.7
%
 
 

Depreciation and amortization
29.4

 
 

 
17.9

 
 

 
21.0

 
 

Operating income
89.7

 
 

 
75.1

 
 

 
81.4

 
 

Other expenses (income):
 
 
 

 
 

 
 

 
 

 
 

Interest expense
18.9

 
 

 
9.6

 
 

 
9.2

 
 

Interest income
(0.3
)
 
 

 
(0.4
)
 
 

 
(0.6
)
 
 

Gain on sale of a business
—

 
 
 
—

 
 
 
(0.1
)
 
 
Equity in (earnings) losses from
investment in unconsolidated entity
—

 
 

 
(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

 
 


(1) On November 30, 2018, we completed the Acquisition. Our consolidated operations for the year ended December 31, 2018 includes Bags operating results for the period of November 30, 2018 through December 31, 2018. Our consolidated results for the year ended December 31, 2017 does not include the operating results of Bags. See Note 3. Acquisition for additional information.

(2) Includes reduction of Services revenue - lease type contracts due to the adoption of Topic 853, which required rental expense for the periods after January 1, 2018 be presented as a reduction of Services revenue - lease type contracts for that business (and corresponding contracts) that meet the criteria and definition of a service concession arrangement. See Note 5. Revenue for further discussion regarding the adoption of Topic 853.

N/M - Not Meaningful