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General and Administrative Expenses
 3 Months Ended
Mar. 31, 2025
Other Income and Expenses [Abstract]  
General and Administrative Expenses General and Administrative Expenses
Components of our general and administrative expenses for the three months ended March 31, 2025 and 2024 are presented in the following table.
Table 22.1 – Components of General and Administrative Expenses
Three Months Ended March 31,
(In Thousands)20252024
Fixed compensation expense (1)
$15,989 $16,257 
Long-term incentive award expense (2)
5,669 6,487 
Annual variable compensation expense5,936 2,917 
Systems and consulting3,784 3,201 
Office costs1,979 2,082 
Accounting and legal1,599 1,217 
Corporate costs738 872 
Other1,777 1,536 
Total General and Administrative Expenses$37,471 $34,569 
(1)Includes $2 million of severance and transition-related expenses for the three months ended March 31, 2024.
(2)For the three months ended March 31, 2025 and 2024, long-term incentive award expense included $6 million of expense, respectively, with $5 million awards settleable in shares of our common stock, and $1 million awards settleable in cash.
For additional information related to cash-settled long-term incentive awards, see Note 14 to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2024.