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Unaudited Quarterly Results (Tables)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Schedule of unaudited quarterly results
The operating results for any historical quarter are not necessarily indicative of results for any future period.
 
2015
 
2014
(millions, except for share and per share data)
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
(Unaudited)
 
(Unaudited)
Parking services revenue
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Lease contracts
$
135.8

 
$
146.4

 
$
146.6

 
$
142.1

 
$
116.6

 
$
125.0

 
$
129.0

 
$
126.0

Management contracts
94.1

 
88.3

 
85.8

 
82.1

 
90.0

 
84.9

 
77.9

 
85.5

Reimbursed management contract revenue
174.3

 
170.9

 
168.3

 
181.2

 
169.2

 
164.5

 
173.4

 
172.7

Total revenue
404.2

 
405.6

 
400.7

 
405.4

 
375.8

 
374.4

 
380.3

 
384.2

Cost of parking services
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Lease contracts
128.7

 
134.5

 
136.0

 
133.6

 
112.1

 
112.0

 
116.5

 
115.1

Management contracts
60.0

 
53.8

 
53.6

 
50.9

 
59.2

 
50.0

 
46.8

 
51.9

Reimbursed management contract expense
174.3

 
170.9

 
168.3

 
181.2

 
169.2

 
164.5

 
173.4

 
172.7

Total cost of parking services
363.0

 
359.2

 
357.9

 
365.7

 
340.5

 
326.5

 
336.7

 
339.7

Gross profit
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Lease contracts
7.1

 
11.9

 
10.6

 
8.5

 
4.5

 
13.0

 
12.5

 
10.9

Management contracts
34.1

 
34.5

 
32.2

 
31.2

 
30.8

 
34.9

 
31.1

 
33.6

Total gross profit
41.2

 
46.4

 
42.8

 
39.7

 
35.3

 
47.9

 
43.6

 
44.5

General and administrative expenses
25.7

 
24.7

 
23.8

 
23.1

 
26.1

 
25.0

 
24.1

 
26.3

Depreciation and amortization
7.9

 
8.2

 
8.2

 
9.7

 
7.2

 
7.7

 
7.6

 
7.8

Operating income
7.6

 
13.5

 
10.8

 
6.9

 
2.0

 
15.2

 
11.9

 
10.4

Other expense (income)
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Interest expense
4.0

 
3.0

 
3.0

 
2.7

 
4.8

 
4.8

 
4.2

 
4.0

Interest income
(0.1
)
 
—

 
—

 
(0.1
)
 
(0.1
)
 
(0.1
)
 
(0.1
)
 
(0.1
)
Gain on sale of business
—

 
—

 
(0.5
)
 
—

 
—

 
—

 
—

 
—

Gain on contribution of a business to an unconsolidated entity
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(4.1
)
Equity in losses from investment in unconsolidated entity
0.5

 
0.3

 
0.4

 
0.5

 
—

 
—

 
—

 
0.3

Total other expenses (income)
4.4

 
3.3

 
2.9

 
3.1

 
4.7

 
4.7

 
4.1

 
0.1

Earnings (loss) before income taxes
3.2

 
10.2

 
7.9

 
3.8

 
(2.7
)
 
10.5

 
7.8

 
10.3

Income tax expense (benefit)
1.3

 
(0.4
)
 
3.5

 
0.4

 
(7.4
)
 
4.2

 
2.8

 
0.2

Net income
1.9

 
10.6

 
4.4

 
3.4

 
4.7

 
6.3

 
5.0

 
10.1

Less: Net income attributable to noncontrolling interest
0.5

 
0.8

 
0.8

 
0.8

 
0.5

 
0.9

 
0.8

 
0.8

Net income attributable to SP Plus Corporation
$
1.4

 
$
9.8

 
$
3.6

 
$
2.6

 
$
4.2

 
$
5.4

 
$
4.2

 
$
9.3

Common stock data
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Net income per share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
$
0.06

 
$
0.44

 
$
0.17

 
$
0.11

 
$
0.20

 
$
0.24

 
$
0.20

 
$
0.42

Diluted
$
0.06

 
$
0.43

 
$
0.16

 
$
0.11

 
$
0.19

 
$
0.24

 
$
0.19

 
$
0.41

Weighted average shares outstanding
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Basic
22,127,725

 
22,145,190

 
22,205,707

 
22,276,763

 
21,977,836

 
21,991,965

 
21,997,394

 
22,071,706

Diluted
22,528,608

 
22,521,832

 
22,548,166

 
22,486,888

 
22,351,845

 
22,398,886

 
22,426,787

 
22,451,557