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SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

6 Months Ended

Jun. 30, 2024

Selling, General and Administrative Expense [Abstract]

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

Selling, general and administrative expenses include payroll and employee benefits associated with personnel employed in executive, sales and marketing, finance, technology, law, compliance, human resources, vendor management, facilities and risk management roles. This category also includes professional services fees, occupancy costs, marketing costs, depreciation and amortization of non-operating assets and other expenses. The components of selling, general and administrative expenses were as follows:

						Three months ended June 30,												Six months ended June 30,
(in thousands)						2024						2023						2024						2023
Compensation and benefits						$	4,510					$	5,376					$	10,352					$	11,406
Professional services						2,082						2,275						4,613						3,846
Amortization of intangible assets						1,270						1,280						2,540						2,560
Occupancy related costs						1,050						1,216						1,975						2,658
Marketing costs						539						559						1,047						941
Depreciation and amortization						103						204						216						448
Other						1,080						1,431						2,743						2,576
Total						$	10,634					$	12,341					$	23,486					$	24,435

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- Definition

The entire disclosure of costs related to selling products and services, as well as all other general and administrative expenses.

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No definition available.

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- References

No definition available.

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