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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Services revenue $ 381.0 $ 275.7 $ 730.8 $ 522.4
Cost of services (exclusive of depreciation and amortization) 322.2 229.2 620.6 437.6
General and administrative expenses 26.7 22.0 51.2 43.0
Depreciation and amortization 6.5 6.2 13.3 12.5
Operating income 25.6 18.3 45.7 29.3
Other expense (income)        
Interest expense 3.5 5.1 8.3 10.9
Interest income (0.1) (0.1) (0.3) (0.2)
Total other expenses 3.4 5.0 8.0 10.7
Earnings before income taxes 22.2 13.3 37.7 18.6
Income tax expense 5.9 3.5 10.1 4.9
Net income 16.3 9.8 27.6 13.7
Less: Net income attributable to noncontrolling interest 0.9 0.8 1.5 2.4
Net income attributable to SP Plus Corporation $ 15.4 $ 9.0 $ 26.1 $ 11.3
Net income per common share        
Basic (in dollars per share) $ 0.73 $ 0.42 $ 1.23 $ 0.53
Diluted (in dollars per share) $ 0.72 $ 0.42 $ 1.22 $ 0.53
Weighted average shares outstanding        
Basic (in shares) 21,195,819 21,177,142 21,211,299 21,145,494
Diluted (in shares) 21,356,464 21,390,609 21,347,442 21,347,514
Lease and Management Type Contracts        
Services revenue $ 196.5 $ 141.2 $ 380.9 $ 269.9
Cost of services (exclusive of depreciation and amortization) 137.7 94.7 270.7 185.1
Lease Type Contracts        
Services revenue 70.6 50.9 133.2 93.6
Cost of services (exclusive of depreciation and amortization) 55.9 39.5 107.9 74.8
Management Type Contracts        
Services revenue 125.9 90.3 247.7 176.3
Cost of services (exclusive of depreciation and amortization) 81.8 55.2 162.8 110.2
Lease Impairment        
Cost of services (exclusive of depreciation and amortization)       0.1
Reimbursed Management Type Contract Revenue        
Services revenue 184.5 134.5 349.9 252.5
Cost of services (exclusive of depreciation and amortization) $ 184.5 $ 134.5 $ 349.9 $ 252.5