XML 137 R120.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Components of Operating Expenses (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Business Acquisition [Line Items]        
Fixed compensation expense $ 13,073 $ 12,786 $ 29,330 $ 28,145
Annual variable compensation expense 4,051 3,187 6,968 7,192
Long-term incentive award expense 7,338 6,237 13,825 14,179
Systems and consulting 3,254 2,854 6,455 5,966
Office costs 2,076 2,289 4,158 4,329
Accounting and legal 789 1,176 2,006 2,095
Corporate costs 985 957 1,857 1,886
Other 1,718 1,319 3,254 2,568
Total General and Administrative Expenses 33,284 30,805 67,853 66,360
Portfolio Management Costs 4,864 3,100 8,461 6,610
Commissions 1,571 1,023 2,452 1,851
Underwriting costs 1,039 219 1,721 461
Transfer and holding costs 1,054 202 1,728 421
Total Loan Acquisition Costs 3,664 1,444 5,901 2,733
Amortization of purchase-related intangible assets 2,202 3,107 5,007 6,214
Other 2,975 1,868 3,531 2,445
Total Other Expenses 5,177 4,975 8,538 8,659
Total Operating Expenses 46,989 40,324 90,753 84,362
Severance and transition-related expenses     2,000 1,000
Equity amortization expense     1,000 1,000
Settlement in Common Stock        
Business Acquisition [Line Items]        
Long-term incentive award expense 5,000 4,000 11,000 10,000
Settlement in Cash        
Business Acquisition [Line Items]        
Long-term incentive award expense $ 2,000 $ 1,000 $ 3,000 $ 3,000