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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Services revenue $ 409.7 $ 409.4
Cost of services 439.9 356.2
Gross profit 30.2 (53.2)
General and administrative expenses 20.7 27.1
Lease impairment 77.5 0.0
Depreciation and amortization 7.5 7.2
Operating (loss) income (58.4) 18.9
Other expense (income)    
Interest expense 4.4 5.0
Interest income (0.1) (0.1)
Gain on sale of other investments (0.3) 0.0
Total other expenses (income) 4.0 4.9
(Loss) earnings before income taxes (62.4) 14.0
Income tax (benefit) expense (16.8) 3.1
Net (loss) income (45.6) 10.9
Less: Net income attributable to noncontrolling interest 0.5 0.3
Net (loss) income attributable to SP Plus Corporation $ (46.1) $ 10.6
Net (loss) income per common share    
Basic (in dollars per share) $ (2.18) $ 0.47
Diluted (in dollars per share) $ (2.18) $ 0.47
Weighted average shares outstanding    
Basic (in shares) 21,154,047 22,509,050
Diluted (in shares) 21,154,047 22,667,539
Lease and management type contracts    
Services revenue $ 218.8 $ 230.7
Cost of services 171.5 177.5
Lease type contracts    
Services revenue 81.7 97.8
Cost of services 80.2 89.7
Gross profit (1.5) (8.1)
Management type contracts    
Services revenue 137.1 132.9
Cost of services 91.3 87.8
Gross profit (45.8) (45.1)
Lease impairment 77.5 0.0
Reimbursed management type contract revenue    
Services revenue 190.9 178.7
Cost of services $ 190.9 $ 178.7