SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

3 Months Ended

Mar. 31, 2014

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

NOTE 15 — 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 for the three months ended March 31:

(in thousands)	2014		2013
Compensation and benefits	$	8,989	$	5,457
Professional services	3,982		1,632
Occupancy related costs	9,311		6,576
Amortization of intangible assets	9,466		1,200
Depreciation and amortization	1,555		993
Other	10,231		2,822
Total	$	43,534	$	18,680