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Operating Expenses (Tables) | 12 Months Ended
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Dec. 31, 2015
Other Income and Expenses [Abstract] |
Components of 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 Tabular disclosure of each detailed component of other operating costs and expenses that are applicable to sales and revenues, but not included in the cost of sales in the income statement. + 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) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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