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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Parking services revenue      
Lease contracts $ 570.9 $ 496.6 $ 489.6
Management contracts 350.3 338.3 347.3
Total parking services revenue 921.2 834.9 836.9
Reimbursed management contract revenue 694.7 679.8 629.9
Total revenue 1,615.9 1,514.7 1,466.8
Cost of parking services      
Lease contracts 532.8 455.7 456.1
Management contracts 218.3 207.9 208.7
Total cost of parking services, gross 751.1 663.6 664.8
Reimbursed management contract expense 694.7 679.8 629.9
Total cost of parking services 1,445.8 1,343.4 1,294.7
Gross profit      
Lease contracts 38.1 40.9 33.5
Management contracts 132.0 130.4 138.6
Total gross profit 170.1 171.3 172.1
General and administrative expenses 97.3 101.5 98.9
Depreciation and amortization 34.0 30.3 31.2
Operating income 38.8 39.5 42.0
Other expense (income)      
Interest expense 12.7 17.8 19.0
Interest income (0.2) (0.4) (0.6)
Gain on sale of a business (0.5) 0.0 0.0
Gain on contribution of a business to an unconsolidated entity 0.0 (4.1) 0.0
Equity in losses from investment in unconsolidated entity 1.7 0.3 0.0
Total other expenses (income) 13.7 13.6 18.4
Earnings before income taxes 25.1 25.9 23.6
Income tax expense (benefit) 4.8 (0.2) 8.8
Net income 20.3 26.1 14.8
Less: Net income attributable to noncontrolling interest 2.9 3.0 2.7
Net income attributable to SP Plus Corporation $ 17.4 $ 23.1 $ 12.1
Net income per common share      
Basic (in dollars per share) $ 0.78 $ 1.05 $ 0.55
Diluted (in dollars per share) $ 0.77 $ 1.03 $ 0.54
Weighted average shares outstanding      
Basic (in shares) 22,189,140 22,009,800 21,902,870
Diluted (in shares) 22,511,759 22,407,343 22,249,584