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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Parking services revenue:      
Lease contracts $ 147,510 $ 138,664 $ 140,441
Management contracts 173,725 171,331 153,382
Reimbursed management contract revenue 408,427 411,148 401,671
Total revenue 729,662 721,143 695,494
Cost of parking services:      
Lease contracts 136,494 128,613 130,897
Management contracts 96,159 94,481 84,167
Reimbursed management contract expense 408,427 411,148 401,671
Total cost of parking services 641,080 634,242 616,735
Gross profit:      
Lease contracts 11,016 10,051 9,544
Management contracts 77,566 76,850 69,215
Total gross profit 88,582 86,901 78,759
General and administrative expenses(1) 48,297 [1] 47,878 [1] 44,707 [1]
Depreciation and amortization 6,618 6,074 5,828
Total costs and expenses 695,995 688,194 667,270
Operating income 33,667 32,949 28,224
Other expenses (income):      
Interest expense 4,691 5,335 6,012
Interest income (537) (249) (268)
Total other expenses (income) 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
Net income per share:      
Basic $ 1.14 $ 1.08 $ 0.92
Diluted $ 1.12 $ 1.06 $ 0.90
Weighted average shares outstanding:      
Basic 15,703,595 15,579,352 15,292,412
Diluted 16,047,879 15,944,662 15,683,525
[1] Non-cash stock based compensation expense of $2,451, $2,310 and $2,292 for the years ended December 31, 2011, 2010 and 2009, respectively, is included in general and administrative expenses.