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General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses (Tables) | 9 Months Ended
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Sep. 30, 2020
Other Income and Expenses [Abstract] |
Components of General and Administrative Expenses and Other Expenses | Components of our general and administrative, and other expenses for the three and nine months ended September 30, 2020 and 2019 are presented in the following table. Table 21.1 – Components of General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(In Thousands) |  | 2020 |  | 2019 |  | 2020 |  | 2019
General and Administrative Expenses |  |  |  |  |  |  |  |
Fixed compensation expense |  | $ | 10,103 |  |  | $ | 9,391 |  |  | $ | 36,605 |  |  | $ | 26,740 |
Variable compensation expense |  | 5,882 |  |  | 3,489 |  |  | 9,171 |  |  | 11,356 |
Equity compensation expense |  | 2,639 |  |  | 3,155 |  |  | 7,896 |  |  | 10,132 |
Acquisition-related equity compensation expense (1) |  | 1,212 |  |  | — |  |  | 3,636 |  |  | — |
Systems and consulting |  | 2,145 |  |  | 3,230 |  |  | 7,752 |  |  | 7,594 |
Office costs |  | 1,859 |  |  | 1,517 |  |  | 5,854 |  |  | 4,406 |
Accounting and legal |  | 1,601 |  |  | 1,767 |  |  | 6,605 |  |  | 3,852 |
Corporate costs |  | 831 |  |  | 482 |  |  | 2,128 |  |  | 1,701 |
Other operating expenses |  | 1,358 |  |  | 1,868 |  |  | 5,185 |  |  | 4,941 |
Total General and Administrative Expenses |  | 27,630 |  |  | 24,899 |  |  | 84,832 |  |  | 70,722 |
Loan Acquisition Costs |  |  |  |  |  |  |  |
Commissions |  | 879 |  |  | 659 |  |  | 3,027 |  |  | 1,432 |
Underwriting costs |  | 771 |  |  | 1,074 |  |  | 3,289 |  |  | 3,184 |
Transfer and holding costs |  | 508 |  |  | 183 |  |  | 1,400 |  |  | 891 |
Total Loan Acquisition Costs |  | 2,158 |  |  | 1,916 |  |  | 7,716 |  |  | 5,507 |
Other Expenses |  |  |  |  |  |  |  |
Goodwill impairment expense |  | — |  |  | — |  |  | 88,675 |  |  | — |
Amortization of purchase-related intangible assets |  | 3,873 |  |  | 1,897 |  |  | 12,052 |  |  | 4,608 |
Contingent consideration expense (2) |  | 135 |  |  | 236 |  |  | 581 |  |  | 547 |
Other |  | 3,780 |  |  | 398 |  |  | 2,978 |  |  | 866 |
Total Other Expenses |  | 7,788 |  |  | 2,531 |  |  | 104,286 |  |  | 6,021 |
Total General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses |  | $ | 37,576 |  |  | $ | 29,346 |  |  | $ | 196,834 |  |  | $ | 82,250 |
(1)Acquisition-related equity compensation expense relates to 588,260 shares of restricted stock that were issued to members of CoreVest management as a component of the consideration paid to them for our purchase of their interests in CoreVest. The grant date fair value of these restricted stock awards was $10 million, which will be recognized as compensation expense over the two-year vesting period on a straight-line basis in accordance with GAAP. (2)Contingent consideration expense relates to the acquisition of 5 Arches during 2019. Refer to Note 2 for additional detail.

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