XML 30 R46.htm IDEA: XBRL DOCUMENT v2.4.1.9
Operating Expenses (Tables)
12 Months Ended
Dec. 31, 2014
Components of Operating Expenses

Components of our operating expenses for the years ended December 31, 2014, 2013, and 2012, are presented in the following table.

Operating Expenses

 

     Years Ended December 31,  

(In Thousands)

   2014      2013      2012  

Fixed compensation expense

   $ 29,057       $ 23,248       $ 17,880   

Variable compensation expense

     14,632         18,366         16,720   

Equity compensation expense

     9,750         10,077         9,784   

Severance expense

     231         3,879         215   
  

 

 

    

 

 

    

 

 

 

Total compensation expense

  53,670      55,570      44,599   

Systems and consulting

  14,546      9,886      5,339   

Accounting and legal

  5,244      6,263      5,197   

Office costs

  5,011      3,503      3,628   

Corporate costs

  2,237      2,721      2,758   

Other operating expenses

  9,415      8,664      4,112   
  

 

 

    

 

 

    

 

 

 

Total Operating Expenses

$ 90,123    $ 86,607    $ 65,633