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SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
3 Months Ended
Mar. 31, 2025
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:
Three months ended
March 31,
(in thousands)20252024
Compensation and benefits$4,897 $5,842 
Professional services1,620 2,531 
Amortization of intangible assets1,270 1,270 
Occupancy related costs800 925 
Marketing costs527 508 
Depreciation and amortization64 113 
Other902 1,663 
Total$10,080 $12,852