Domestic and Foreign Operations

12 Months Ended

Dec. 31, 2011

Domestic and Foreign Operations [Abstract]

Domestic and Foreign Operations

Note S. Domestic and Foreign Operations

Business Unit Segment Information

An operating segment is defined as a component of an enterprise that engages in business activities from which it may earn revenue and incur expenses, and about which separate financial information is regularly evaluated by our chief operating decision maker, in deciding how to allocate resources. Our chief operating decision maker is the Company’s president and chief executive officer.

Each of the operating segments is directly responsible for revenue and expenses related to their operations including direct regional administrative costs. Finance, information technology, human resources, and legal are shared functions that are not allocated back to the four operating segments. The CODM assesses the performance of each operating segment using information about its revenue and operating income (loss) before interest, taxes, and depreciation and amortization, but does not evaluate segments using discrete asset information. There are no inter-segment transactions and the Company does not allocate interest and other income, interest expense, depreciation and amortization or taxes to operating segments. The accounting policies for segment reporting are the same as for the Company as a whole.

Our business is managed based on regions administered by executive vice presidents. The following is a summary of revenues (excluding reimbursed management contract revenue) and gross profit by regions for the years ended December 31, 2011, 2010, and 2009. Information related to prior periods has been recast to conform to the current regional alignment.

The Company has provided this business unit segment information for all comparable prior periods. Segment information is summarized as follows (in thousands):

	Year Ended December 31,
	2011			Gross Margin			2010			Gross Margin			2009			Gross Margin
Revenues(a):
Region One
Lease contracts	$	81,218					$	75,401					$	79,083
Management contracts		54,095						48,417						53,329
Total Region One		135,313						123,818						132,412
Region Two
Lease contracts		3,396						2,368						2,637
Management contracts		20,205						25,957						13,192
Total Region Two		23,601						28,325						15,829
Region Three
Lease contracts		23,356						21,418						19,350
Management contracts		51,596						51,847						54,790
Total Region Three		74,952						73,265						74,140
Region Four
Lease contracts		39,522						39,433						39,269
Management contracts		47,490						45,007						32,392
Total Region Four		87,012						84,440						71,661
Other
Lease contracts		18						44						102
Management contracts		339						103						(321	)
Total Other		357						147						(219	)
Reimbursed management contract revenue		408,427						411,148						401,671
Total revenues	$	729,662					$	721,143					$	695,494
Gross Profit
Region One
Lease contracts	$	5,602			7	%	$	4,765			6	%	$	5,227			7	%
Management contracts		29,242			54	%		27,194			56	%		27,679			52	%
Total Region One		34,844						31,959						32,906
Region Two
Lease contracts		238			7	%		195			8	%		66			3	%
Management contracts		5,694			28	%		7,271			28	%		4,823			37	%
Total Region Two		5,932						7,466						4,889
Region Three
Lease contracts		2,342			10	%		1,855			9	%		1,855			10	%
Management contracts		23,772			46	%		24,467			47	%		21,621			39	%
Total Region Three		26,114						26,322						23,476
Region Four
Lease contracts		2,743			7	%		2,961			8	%		2,406			6	%
Management contracts		16,183			34	%		16,879			38	%		15,383			47	%
Total Region Four		18,926						19,840						17,789
Other
Lease contracts		91			506	%		275			625	%		(10	)		(10	)%
Management contracts		2,675			789	%		1,039			1,009	%		(291	)		91	%
Total Other		2,766						1,314						(301	)
Total gross profit		88,582						86,901						78,759
General and administrative expenses		48,297						47,878						44,707
General and administrative expense percentage of gross profit		55	%					55	%					57	%
Depreciation and amortization		6,618						6,074						5,828
Operating income		33,667						32,949						28,224
Other expenses (income):
Interest expense		4,691						5,335						6,012
Interest income		(537	)					(249	)					(268	)
		4,154						5,086						5,744
Income before income taxes		29,513						27,863						22,480
Income tax expense		11,235						10,755						8,265
Net income		18,278						17,108						14,215
Less: Net income attributable to noncontrolling interest		378						268						123
Net income attributable to Standard Parking Corporation	$	17,900					$	16,840					$	14,092

(a) Excludes reimbursed management contract revenue.

Region One encompasses operations in Alabama, Connecticut, Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, and Wisconsin.

Region Two encompasses our Canadian operations, event planning and transportation, and our technology based parking and traffic management systems.

Region Three encompasses operations in Arizona, California, Colorado, Hawaii, Louisiana, Nevada, Texas, Utah, Washington, and Wyoming.

Region Four encompasses all major airport and transportation operations nationwide.

Other consists of ancillary revenue that is not specifically identifiable to a region and insurance reserve adjustments related to prior years.

The CODM does not evaluate segments using discrete asset information.