SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

3 Months Ended

Mar. 31, 2023

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, 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 for the three months ended March 31:

(in thousands)	2023		2022
Compensation and benefits	$	6,030	$	5,409
Amortization of intangible assets	1,280		1,284
Professional services	1,571		2,749
Occupancy related costs	1,442		1,624
Marketing costs	382		887
Depreciation and amortization	244		337
Other	1,145		1,684
Total	$	12,094	$	13,974