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General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses (Tables) | 12 Months Ended
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Dec. 31, 2021
Other Income and Expenses [Abstract] |
Components of Operating Expenses | Components of our general and administrative expenses, loan acquisition costs, and other expenses for the years ended December 31, 2021, 2020 and 2019 are presented in the following table. Table 21.1 – Components of General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses
|  | Years Ended December 31,
(In Thousands) |  | 2021 |  | 2020 |  | 2019
General and Administrative Expenses |  |  |  |  |  |
Fixed compensation expense |  | $ | 46,328 |  |  | $ | 46,689 |  |  | $ | 39,639 |
Annual variable compensation expense |  | 58,569 |  | 14,116 |  |  | 21,728 |
Long-term incentive award expense (1) |  | 19,938 |  | 12,439 |  |  | 13,402 |
Acquisition-related equity compensation expense (2) |  | 3,813 |  | 4,848 |  |  | 1,010 |
Systems and consulting |  | 14,445 |  |  | 11,728 |  |  | 10,746 |
Office costs |  | 7,837 |  |  | 7,794 |  |  | 6,310 |
Accounting and legal |  | 4,975 |  |  | 7,928 |  |  | 5,450 |
Corporate costs |  | 3,388 |  |  | 2,829 |  |  | 2,351 |
Other |  | 11,566 |  |  | 6,833 |  |  | 8,101 |
Total General and Administrative Expenses |  | 170,859 |  |  | 115,204 |  |  | 108,737 |
Loan Acquisition Costs |  |  |  |  |  |
Commissions |  | 7,116 |  |  | 4,321 |  |  | 3,833 |
Underwriting costs |  | 7,762 |  |  | 4,945 |  |  | 4,767 |
Transfer and holding costs |  | 1,458 |  |  | 1,757 |  |  | 1,335 |
Total Loan Acquisition Costs |  | 16,336 |  |  | 11,023 |  |  | 9,935 |
Other Expenses |  |  |  |  |  |
Goodwill impairment expense |  | — |  |  | 88,675 |  |  | — |
Amortization of purchase-related intangible assets |  | 15,304 |  |  | 15,925 |  |  | 8,696 |
Contingent consideration expense (3) |  | — |  |  | — |  |  | 3,218 |
Other |  | 1,391 |  |  | 4,185 |  |  | 1,108 |
Total Other Expenses |  | 16,695 |  |  | 108,785 |  |  | 13,022 |
Total General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses |  | $ | 203,890 |  |  | $ | 235,012 |  |  | $ | 131,694 |
(1)For the years ended December 31, 2021 and 2020, long-term incentive award expense includes $14 million and $10 million, respectively, of expense for awards settleable in shares of our common stock and $6 million and $2 million, respectively, of expense for awards settleable in cash. (2)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 in 2019. The grant date fair value of these restricted stock awards was $10 million, which was recognized as compensation expense over the two-year vesting period on a straight-line basis in accordance with GAAP. (3)Contingent consideration expense relates to the acquisition of 5 Arches during 2019. Refer to Note 2 for additional detail.

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