SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

9 Months Ended

Sep. 30, 2013

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

NOTE 14 — SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

Selling, general and administrative expenses include payroll for personnel employed in executive, finance, legal, human resources, vendor management, risk and operational effectiveness roles.  This category also includes occupancy costs, professional fees and depreciation and amortization on non-operating assets.  The components of selling, general and administrative expenses were as follows:

	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2013		2012		2013		2012
Compensation and benefits	$	6,802	$	5,212	$	18,868	$	15,995
Professional services	2,168		2,089		5,184		5,550
Occupancy related costs	7,438		6,641		21,971		19,308
Amortization of intangible assets	8,620		1,201		18,857		3,833
Depreciation and amortization	1,390		701		3,441		1,797
Other	5,101		2,608		11,706		8,002
Total	$	31,519	$	18,452	$	80,027	$	54,485