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SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six months ended June 30,
(in thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Compensation and benefits |  | $ | 5,008 |  |  | $ | 4,510 |  |  | $ | 9,905 |  |  | $ | 10,352 |
Professional services |  | 808 |  |  | 2,082 |  |  | 2,428 |  |  | 4,613 |
Amortization of intangible assets |  | 1,270 |  |  | 1,270 |  |  | 2,540 |  |  | 2,540 |
Occupancy related costs |  | 866 |  |  | 1,050 |  |  | 1,666 |  |  | 1,975 |
Marketing costs |  | 599 |  |  | 539 |  |  | 1,126 |  |  | 1,047 |
Depreciation and amortization |  | 60 |  |  | 103 |  |  | 124 |  |  | 216 |
Other |  | 1,185 |  |  | 1,080 |  |  | 2,087 |  |  | 2,743 |
Total |  | $ | 9,796 |  |  | $ | 10,634 |  |  | $ | 19,876 |  |  | $ | 23,486 |

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- References No definition available. + Details
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