General and Administrative Expenses (Tables)

9 Months Ended

Sep. 30, 2024

Other Income and Expenses [Abstract]

Schedule of Components of General and Administrative Expenses

Components of our general and administrative expenses for the three and nine months ended September 30, 2024 and 2023 are presented in the following table.

Table 21.1 – Components of General and Administrative Expenses


	Three Months Ended September 30,				Nine Months Ended September 30,
(In Thousands)	2024		2023		2024		2023
Fixed compensation expense (1)	$	12,847	$	12,579	$	42,177	$	40,724
Long-term incentive award expense (2)	7,839		5,013		21,664		19,192
Annual variable compensation expense	6,631		3,383		13,599		10,575
Systems and consulting	3,398		3,108		9,853		9,074
Office costs	1,720		2,131		5,878		6,460
Accounting and legal	1,087		1,307		3,093		3,402
Corporate costs	865		959		2,722		2,845
Other	1,621		1,217		4,875		3,785
Total General and Administrative Expenses	$	36,008	$	29,697	$	103,861	$	96,057

(1)Includes $2 million and $2 million of severance and transition-related expenses for the nine months ended September 30, 2024 and 2023, respectively.

(2)Includes $1 million of equity amortization expense related to employee terminations for both the nine months ended September 30, 2024 and 2023. For the three months ended September 30, 2024 and 2023, long-term incentive award expense included $4 million and $3 million of

expense, respectively, for awards settleable in shares of our common stock, and $3 million and $2 million of expense, respectively, for awards settleable in cash. For the nine months ended September 30, 2024 and 2023, long-term incentive award expense included $16 million and $14 million of expense, respectively, for awards settleable in shares of our common stock, and $6 million and $5 million of expense, respectively, for awards settleable in cash.