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SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

12 Months Ended

Dec. 31, 2024

Selling, General and Administrative Expense [Abstract]

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

Selling, general and administrative expenses includes 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 for the years ended December 31:

(in thousands)						2024						2023
Compensation and benefits						$	19,212					$	20,879
Professional services						10,118						7,885
Amortization of intangible assets						5,080						5,182
Occupancy related costs						3,556						4,917
Marketing costs						2,051						1,977
Depreciation and amortization						395						701
Other						5,208						4,879
Total						$	45,620					$	46,420

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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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