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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Services revenue $ 349.8 $ 246.7
Cost of services (exclusive of depreciation and amortization) 298.4 208.4
General and administrative expenses 24.5 21.0
Depreciation and amortization 6.8 6.3
Operating income 20.1 11.0
Other expense (income)    
Interest expense 4.8 5.8
Interest income (0.2) (0.1)
Total other expenses 4.6 5.7
Earnings before income taxes 15.5 5.3
Income tax expense 4.2 1.4
Net income 11.3 3.9
Less: Net income attributable to noncontrolling interest 0.6 1.6
Net income attributable to SP Plus Corporation $ 10.7 $ 2.3
Net income per common share    
Basic (in dollars per share) $ 0.50 $ 0.11
Diluted (in dollars per share) $ 0.50 $ 0.11
Weighted average shares outstanding    
Basic (in shares) 21,226,952 21,113,494
Diluted (in shares) 21,338,299 21,304,068
Lease and Management Type Contracts    
Services revenue $ 184.4 $ 128.7
Cost of services (exclusive of depreciation and amortization) 133.0 90.4
Lease Type Contracts    
Services revenue 62.6 42.7
Cost of services (exclusive of depreciation and amortization) 52.0 35.3
Management Type Contracts    
Services revenue 121.8 86.0
Cost of services (exclusive of depreciation and amortization) 81.0 55.0
Lease Impairment    
Cost of services (exclusive of depreciation and amortization)   0.1
Reimbursed Management Type Contract Revenue    
Services revenue 165.4 118.0
Cost of services (exclusive of depreciation and amortization) $ 165.4 $ 118.0