SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

9 Months Ended

Sep. 30, 2014

Selling, General and Administrative Expense [Abstract]

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

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)	2014		2013		2014			2013
Compensation and benefits	$	11,770	$	6,802	$	31,870		$	18,868
Professional services	4,106		2,168		10,896			5,184
Occupancy related costs	9,041		7,438		27,848			21,971
Amortization of intangible assets	9,717		8,620		29,290			18,857
Depreciation and amortization	2,112		1,390		5,408			3,441
Change in the fair value of Equator Earn Out	—		—		(37,924		)	—
Goodwill impairment	—		—		37,473			—
Marketing costs	6,021		1,636		18,805			3,617
Other	3,981		3,465		15,637			8,089
Total	$	46,748	$	31,519	$	139,303		$	80,027