SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

9 Months Ended

Sep. 30, 2020

Selling, General and Administrative Expense [Abstract]

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

Selling, general and administrative expenses include payroll and employee benefits associated with personnel employed in executive, sales and marketing, finance, 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 September 30,				Nine months ended September 30,
(in thousands)	2020		2019		2020		2019
Compensation and benefits	$	9,077	$	10,395	$	30,396	$	36,986
Occupancy related costs	4,636		5,593		15,725		19,988
Amortization of intangible assets	4,295		3,298		11,344		15,489
Professional services	2,129		2,588		8,605		11,384
Marketing costs	422		3,481		2,810		9,402
Depreciation and amortization	796		921		2,009		4,036
Other	(543)		(443)		2,717		6,990
Total	$	20,812	$	25,833	$	73,606	$	104,275