XML 15 R46.htm IDEA: XBRL DOCUMENT v3.2.0.727
Business Unit Segment Information (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
Jun. 30, 2015
USD ($)
item
Jun. 30, 2014
USD ($)
Business Unit Segment Information        
Number of operating segments | item     6  
Revenues        
Lease contracts $ 146,454 $ 124,958 $ 282,269 $ 241,593
Management contracts 88,305 84,931 182,363 174,886
Reimbursed management contract revenue 170,856 164,539 345,137 333,717
Total revenue 405,615 374,428 809,769 750,196
Gross profit        
Lease contracts 11,980 12,979 19,102 17,530
Management contracts 34,455 34,915 68,523 65,656
Total gross profit 46,435 47,894 87,625 83,186
Gross Margin        
General and administrative expenses $ 24,739 $ 24,996 $ 50,412 $ 51,062
General and administrative expense percentage of gross profit 53.00% 52.00% 58.00% 61.00%
Depreciation and amortization $ 8,165 $ 7,730 $ 16,099 $ 14,893
Operating income 13,531 15,168 21,114 17,231
Other expenses (income)        
Interest expense 3,062 4,811 7,105 9,620
Interest income (40) (94) (100) (192)
Equity in losses from investment in unconsolidated entity 353   824  
Total other expenses (income) 3,375 4,717 7,829 9,428
Income before income taxes 10,156 10,451 13,285 7,803
Income tax (benefit) (385) 4,254 950 (3,184)
Net income 10,541 6,197 12,335 10,987
Less: Net income attributable to noncontrolling interest 784 890 1,236 1,377
Net income attributable to SP Plus Corporation 9,757 5,307 11,099 9,610
Other        
Revenues        
Reimbursed management contract revenue 170,856 164,539 345,137 333,717
Total revenue 405,615 374,428 809,769 750,196
Operating segment | Region One        
Revenues        
Lease contracts 51,489 52,315 98,713 99,650
Management contracts 19,883 21,070 40,004 42,784
Total parking services revenue 71,372 73,385 138,717 142,434
Gross profit        
Lease contracts 4,090 4,192 5,632 4,769
Management contracts 8,864 8,849 18,255 17,958
Total gross profit $ 12,954 $ 13,041 $ 23,887 $ 22,727
Gross Margin        
Lease contracts (as a percent) 8.00% 8.00% 6.00% 5.00%
Management contracts (as a percent) 45.00% 42.00% 46.00% 42.00%
Operating segment | Region Two        
Revenues        
Lease contracts $ 33,775 $ 30,499 $ 65,003 $ 59,259
Management contracts 21,078 22,300 41,526 41,245
Total parking services revenue 54,853 52,799 106,529 100,504
Gross profit        
Lease contracts 6,842 5,941 11,367 9,661
Management contracts 8,808 9,959 16,810 17,683
Total gross profit $ 15,650 $ 15,900 $ 28,177 $ 27,344
Gross Margin        
Lease contracts (as a percent) 20.00% 19.00% 17.00% 16.00%
Management contracts (as a percent) 42.00% 45.00% 40.00% 43.00%
Operating segment | Region Three        
Revenues        
Lease contracts $ 27,652 $ 29,521 $ 54,057 $ 57,532
Management contracts 6,788 5,536 13,506 12,650
Total parking services revenue 34,440 35,057 67,563 70,182
Gross profit        
Lease contracts 1,031 1,052 565 887
Management contracts 3,359 2,825 6,764 7,021
Total gross profit $ 4,390 $ 3,877 $ 7,329 $ 7,908
Gross Margin        
Lease contracts (as a percent) 4.00% 4.00% 1.00% 2.00%
Management contracts (as a percent) 49.00% 51.00% 50.00% 56.00%
Operating segment | Region Four        
Revenues        
Lease contracts $ 32,370 $ 11,233 $ 62,077 $ 22,583
Management contracts 26,114 25,859 51,585 52,573
Total parking services revenue 58,484 37,092 113,662 75,156
Gross profit        
Lease contracts 1,691 962 2,554 1,561
Management contracts 7,187 7,229 12,700 13,623
Total gross profit $ 8,878 $ 8,191 $ 15,254 $ 15,184
Gross Margin        
Lease contracts (as a percent) 5.00% 9.00% 4.00% 7.00%
Management contracts (as a percent) 28.00% 28.00% 25.00% 26.00%
Operating segment | Region Five        
Revenues        
Lease contracts $ 1,159 $ 1,286 $ 2,400 $ 2,483
Management contracts 10,858 8,120 28,415 21,046
Total parking services revenue 12,017 9,406 30,815 23,529
Gross profit        
Lease contracts (22) 14 179 131
Management contracts 2,742 2,680 6,450 6,272
Total gross profit $ 2,720 $ 2,694 $ 6,629 $ 6,403
Gross Margin        
Lease contracts (as a percent) (2.00%) 1.00% 7.00% 5.00%
Management contracts (as a percent) 25.00% 33.00% 23.00% 30.00%
Operating segment | Other        
Revenues        
Lease contracts $ 9 $ 104 $ 19 $ 86
Management contracts 3,584 2,046 7,327 4,588
Total parking services revenue 3,593 2,150 7,346 4,674
Gross profit        
Lease contracts (1,652) 818 (1,195) 521
Management contracts 3,495 3,373 7,544 3,099
Total gross profit $ 1,843 $ 4,191 $ 6,349 $ 3,620
Gross Margin        
Lease contracts (as a percent) (18356.00%) 787.00% (6289.00%) 606.00%
Management contracts (as a percent) 98.00% 165.00% 103.00% 68.00%