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Operating Expenses | 12 Months Ended
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Dec. 31, 2015
Other Income and Expenses [Abstract] |
Operating Expenses | Operating Expenses Components of our operating expenses for the years ended December 31, 2015, 2014 and 2013 are presented in the following table. Table 19.1 – Components of Operating Expenses
|  | Years Ended December 31,
(In Thousands) |  | 2015 |  | 2014 |  | 2013
Fixed compensation expense |  | $ | 35,093 |  |  | $ | 29,057 |  |  | $ | 23,248 |
Variable compensation expense (1) |  | 12,606 |  |  | 14,863 |  |  | 22,245 |
Equity compensation expense |  | 11,921 |  |  | 9,750 |  |  | 10,077 |
Total compensation expense |  | 59,620 |  |  | 53,670 |  |  | 55,570 |
Systems and consulting |  | 10,212 |  |  | 11,654 |  |  | 7,517 |
Loan acquisition costs (2) |  | 10,326 |  |  | 8,207 |  |  | 7,605 |
Accounting and legal |  | 4,837 |  |  | 5,244 |  |  | 6,263 |
Office costs |  | 5,270 |  |  | 5,011 |  |  | 3,503 |
Corporate costs |  | 2,049 |  |  | 2,237 |  |  | 2,721 |
Other operating expenses |  | 5,102 |  |  | 4,100 |  |  | 3,428 |
Total Operating Expenses |  | $ | 97,416 |  |  | $ | 90,123 |  |  | $ | 86,607 |
(1) | For the year ended December 31, 2013, variable compensation expense included $4 million of severance expense.
(2) | Loan acquisition costs primarily includes underwriting and due diligence costs related to the acquisition of residential loans held-for-sale at fair value.

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.3,6,7,9) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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