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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 18.1 $ 24.1
Notes and accounts receivable, net 100.3 162.3
Prepaid expenses and other 16.1 24.7
Total current assets 134.5 211.1
Leasehold improvements, equipment and construction in progress, net 48.5 47.9
Right-of-use assets 261.8 431.7
Goodwill 585.8 586.0
Other intangible assets, net 140.7 152.2
Equity investments in unconsolidated entities 10.1 10.2
Deferred taxes 43.0 10.6
Other assets, net 31.0 29.9
Total noncurrent assets 1,120.9 1,268.5
Total assets 1,255.4 1,479.6
Liabilities and stockholders’ equity    
Accounts payable 99.1 115.3
Accrued and other current liabilities 97.2 121.4
Short-term lease liabilities 97.8 115.2
Current portion of long-term obligations under Senior Credit Facility and other long-term borrowings 16.2 17.9
Total current liabilities 310.3 369.8
Long-term borrowings, excluding current portion 350.2 351.1
Long-term lease liabilities 266.3 327.7
Other noncurrent liabilities 62.9 57.1
Total noncurrent liabilities 679.4 735.9
Total Liabilities 989.7 1,105.7
Stockholders’ equity    
Preferred stock, par value $0.01 per share; 5,000,000 shares authorized as of June 30, 2020 and December 31, 2019, respectively; no shares issued or outstanding 0.0 0.0
Common stock, par value $0.001 per share; 50,000,000 shares authorized as of June 30, 2020 and December 31, 2019; 25,056,869 and 23,022,127 shares issued and outstanding as of June 30, 2020 and 24,591,127 issued and 22,950,360 outstanding as of December 31, 2019, respectively 0.0 0.0
Treasury stock, at cost; 2,034,742 and 1,640,767 shares as of June 30, 2020 and December 31, 2019, respectively (70.6) (55.3)
Additional paid-in capital 258.9 262.6
Accumulated other comprehensive loss (5.6) (2.7)
Retained earnings 84.3 169.5
Total SP Plus Corporation stockholders’ equity 267.0 374.1
Noncontrolling interest (1.3) (0.2)
Total stockholders’ equity 265.7 373.9
Total liabilities and stockholders’ equity $ 1,255.4 $ 1,479.6