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General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses (Tables) | 3 Months Ended
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Mar. 31, 2022
Other Income and Expenses [Abstract] |
Components of General and Administrative Expenses and Other Expenses | Components of our general and administrative expenses, loan acquisition costs, and other expenses for the three months ended March 31, 2022 and 2021 are presented in the following table. Table 21.1 – Components of General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses
|  | Three Months Ended March 31, |  |
(In Thousands) |  | 2022 |  | 2021 |  |  |  |
General and Administrative Expenses |  |  |  |  |  |  |  |
Fixed compensation expense |  | $ | 14,628 |  |  | $ | 11,805 |  |  |  |  |
Annual variable compensation expense |  | 3,357 |  |  | 18,669 |  |  |  |  |
Long-term incentive award expense (1) |  | 5,660 |  |  | 4,169 |  |  |  |  |
Acquisition-related equity compensation expense (2) |  | — |  |  | 1,212 |  |  |  |  |
Systems and consulting |  | 3,184 |  |  | 2,977 |  |  |  |  |
Office costs |  | 2,025 |  |  | 1,808 |  |  |  |  |
Accounting and legal |  | 1,675 |  |  | 714 |  |  |  |  |
Corporate costs |  | 864 |  |  | 691 |  |  |  |  |
Other |  | 3,461 |  |  | 1,506 |  |  |  |  |
Total General and Administrative Expenses |  | 34,854 |  |  | 43,551 |  |  |  |  |
Loan Acquisition Costs |  |  |  |  |  |  |  |
Commissions |  | 2,614 |  |  | 1,263 |  |  |  |  |
Underwriting costs |  | 1,372 |  |  | 1,685 |  |  |  |  |
Transfer and holding costs |  | 479 |  |  | 611 |  |  |  |  |
Total Loan Acquisition Costs |  | 4,465 |  |  | 3,559 |  |  |  |  |
Other Expenses |  |  |  |  |  |  |  |
Amortization of purchase-related intangible assets |  | 3,534 |  |  | 3,873 |  |  |  |  |
Other |  | 551 |  |  | 223 |  |  |  |  |
Total Other Expenses |  | 4,085 |  |  | 4,096 |  |  |  |  |
Total General and Administrative Expenses, Loan Acquisition Costs, and Other Expenses |  | $ | 43,404 |  |  | $ | 51,206 |  |  |  |  |
(1)For the three months ended March 31, 2022 and 2021, long-term incentive award expense includes $5 million and $3 million, respectively, of expense for awards settleable in shares of our common stock and $1 million and $1 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.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.3) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 + Details
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