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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Parking services revenue:        
Lease contracts $ 42,969 $ 37,501 $ 122,927 $ 109,899
Management contracts 49,226 43,259 141,562 131,556
Total parking services revenue 92,195 80,760 264,489 241,455
Reimbursed management contract revenue 100,958 106,365 309,055 307,615
Total revenue 193,153 187,125 573,544 549,070
Cost of parking services:        
Lease contracts 40,108 34,049 113,495 101,834
Management contracts 30,409 22,489 82,919 73,196
Total cost of parking services, gross 70,517 56,538 196,414 175,030
Reimbursed management contract expense 100,958 106,365 309,055 307,615
Total cost of parking services 171,475 162,903 505,469 482,645
Gross profit:        
Lease contracts 2,861 3,452 9,432 8,065
Management contracts 18,817 20,770 58,643 58,360
Total gross profit 21,678 24,222 68,075 66,425
General and administrative expenses 13,846 [1] 11,814 [1] 43,759 [1] 34,593 [1]
Depreciation and amortization 1,723 1,683 5,258 4,893
Operating income 6,109 10,725 19,058 26,939
Other expenses (income):        
Interest expense 1,093 1,197 3,355 3,546
Interest income (61) (297) (266) (470)
Total other expenses (income) 1,032 900 3,089 3,076
Income before income taxes 5,077 9,825 15,969 23,863
Income tax expense 2,623 3,760 7,007 9,305
Net income 2,454 6,065 8,962 14,558
Less: Net income attributable to noncontrolling interest 75 89 232 260
Net income attributable to Standard Parking Corporation $ 2,379 $ 5,976 $ 8,730 $ 14,298
Net income per share:        
Basic (in dollars per share) $ 0.15 $ 0.38 $ 0.56 $ 0.91
Diluted (in dollars per share) $ 0.15 $ 0.37 $ 0.55 $ 0.89
Weighted average shares outstanding:        
Basic (in shares) 15,668,129 15,704,837 15,632,817 15,776,883
Diluted (in shares) 15,928,685 16,034,330 15,883,535 16,116,136
[1] Non-cash stock based compensation expense of $251 and $1,114 for the three and nine months ended September 30, 2012, respectively, and $411 and $1,724 for the three and nine months ended September 30, 2011, respectively, is included in general and administrative expenses.