XML 49 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 21.9 $ 24.1
Notes and accounts receivable, net 158.8 162.3
Prepaid expenses and other 14.4 24.7
Total current assets 195.1 211.1
Leasehold improvements, equipment and construction in progress, net 50.7 47.9
Right-of-use assets 324.6 431.7
Goodwill 585.7 586.0
Other intangible assets, net 148.3 152.2
Equity investments in unconsolidated entities 10.2 10.2
Deferred taxes 52.2 10.6
Other assets, net 28.3 29.9
Total noncurrent assets 1,200.0 1,268.5
Total assets 1,395.1 1,479.6
Liabilities and stockholders’ equity    
Accounts payable 121.5 115.3
Accrued and other current liabilities 117.2 121.4
Short-term lease liabilities 108.5 115.2
Current portion of long-term obligations under Senior Credit Facility and other long-term borrowings 18.8 17.9
Total current liabilities 366.0 369.8
Long-term borrowings, excluding current portion 362.9 351.1
Long-term lease liabilities 305.7 327.7
Other noncurrent liabilities 53.9 57.1
Total noncurrent liabilities 722.5 735.9
Total Liabilities 1,088.5 1,105.7
Stockholders’ equity    
Preferred stock, par value $0.01 per share; 5,000,000 shares authorized as of March 31, 2020 and December 31, 2019, 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 March 31, 2020 and December 31, 2019; 25,031,803 and 22,997,061 shares issued and outstanding as of March 31, 2020 and 24,591,127 issued and 22,950,360 outstanding as of December 31, 2019, respectively 0.0 0.0
Treasury stock, at cost; 2,034,742 and 1,640,767 shares as of March 31, 2020 and December 31, 2019, respectively (70.6) (55.3)
Additional paid-in capital 259.7 262.6
Accumulated other comprehensive loss (5.7) (2.7)
Retained earnings 123.4 169.5
Total SP Plus Corporation stockholders’ equity 306.8 374.1
Noncontrolling interest (0.2) (0.2)
Total stockholders’ equity 306.6 373.9
Total liabilities and stockholders’ equity $ 1,395.1 $ 1,479.6