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General and Administrative Expenses
 9 Months Ended
Sep. 30, 2025
Other Income and Expenses [Abstract]  
General and Administrative Expenses General and Administrative Expenses
Components of our general and administrative expenses for the three and nine months ended September 30, 2025 and 2024 are presented in the following table.
Table 22.1 – Components of General and Administrative Expenses
Three Months Ended September 30,Nine Months Ended September 30,
(In Thousands)2025202420252024
Fixed compensation expense (1)
$15,702 $12,847 $46,561 $42,177 
Annual variable compensation expense6,623 6,631 18,926 13,599 
Long-term incentive award expense (2)
5,828 7,839 17,109 21,664 
Systems and consulting4,700 3,398 12,467 9,853 
Office costs1,767 1,720 5,641 5,878 
Accounting and legal1,034 1,087 4,149 3,093 
Corporate costs905 865 2,573 2,722 
Other2,148 1,621 5,735 4,875 
Total General and Administrative Expenses$38,707 $36,008 $113,161 $103,861 
(1)Includes $2 million of severance and transition-related expenses for the nine months ended September 30, 2024.
(2)For the three months ended September 30, 2025 and 2024, long-term incentive award expense included $5 million and $4 million of expense, respectively, for awards settleable in shares of our common stock, and $1 million and $3 million of expense, respectively, for awards settleable in cash. For the nine months ended September 30, 2025 and 2024, long-term incentive award expense included $14 million and $16 million of expense, respectively, for awards settleable in shares of our common stock, and $3 million and $6 million of expense, respectively, for 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.