Revisions to Previously Issued Consolidated Financial Statements (Tables)

6 Months Ended

Jun. 30, 2013

Revision to Previously Issued Financial Statements

Schedule of impact of the purchase accounting finalization and restatement of accounting related to Bradley Agreement

	As originally reported	Impact of Purchase Price Allocation Finalization	As Recast for Purchase Price Allocation Finalization	Impact of Restatement		As Revised
BALANCE SHEET
As of June 30, 2013
Total current assets	172,997	788	173,785	441		174,226
Long-term receivables, net	14,989	—	14,989	(14,989	)	—
Intangible assets, net	160,231	20,494	180,725	—		180,725

Goodwill	433,877		5,418		439,295		—		439,295
Total assets	867,413		26,802		894,215		(14,520	)	879,695
Total current liabilities	249,959		3,011		252,970		—		252,970
Unfavorable lease contracts	37,622		29,104		66,726		—		66,726
Deferred tax liabilities	28,043		(3,822	)	24,221		5,560		18,661
Accumulated deficit	(36,134	)	(1,491	)	(37,625	)	(8,959	)	(46,584	)
Total Standard Parking Corporation stockholders’ equity	203,159		(1,491	)	201,668		(8,959	)	192,709
Total liabilities and shareholders’ equity	867,413		26,802		894,215		(14,520	)	879,695
INCOME STATEMENT
For six months ended June 30, 2013
Total cost of parking services	653,932		1,066		654,998		(417	)	654,581
Total gross profit	86,369		(417	)	85,952		417		86,369
Operating income	16,293		(780	)	15,513		295		15,808
Income before income taxes	6,822		(780	)	6,042		402		6,444
Income tax (benefit) expense	2,095		(327	)	1,768		143		1,911
Net income	4,727		(453	)	4,274		259		4,533

For six months ended June 30, 2012
Parking services revenue:
Total cost of parking services	333,994	—	333,994	832		334,826
Total gross profit	46,397	—	46,397	(832	)	45,565
Operating income	12,949	—	12,949	(832	)	12,117
Income before income taxes	10,892	—	10,892	(917	)	9,975
Income tax (benefit) expense	4,384	—	4,384	(368	)	4,016
Net income	6,508	—	6,508	(549	)	5,959
For three months ended June 30, 2013

Total cost of parking services	324,621	448		325,069	(820	)	324,249
Total gross profit	45,672	(448	)	45,224	820		46,044
Operating income	10,729	(625	)	10,104	820		10,924
Income before income taxes	6,154	(625	)	5,529	760		6,289
Income tax (benefit) expense	2,049	(262	)	1,787	278		2,065
Net income	4,105	(364	)	3,741	483		4,224
For three months ended June 30, 2012
Total cost of parking services	166,178	—		166,178	53		166,231
Total gross profit	24,768	—		24,768	(53	)	24,715
Operating income	8,093	—		8,093	(53	)	8,040

Income before income taxes	7,096	—	7,096	(138	)	6,958
Income tax (benefit) expense	2,856	—	2,856	(55	)	2,801
Net income	4,240	—	4,240	(83	)	4,157