SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

6 Months Ended

Jun. 30, 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:

	Three months ended June 30,				Six months ended June 30,
(in thousands)	2023		2022		2023		2022
Compensation and benefits	$	5,376	$	6,296	$	11,406	$	11,705
Professional services	2,275		3,099		3,846		5,848
Occupancy related costs	1,216		1,417		2,658		3,041
Amortization of intangible assets	1,280		1,284		2,560		2,568
Marketing costs	559		785		941		1,672
Depreciation and amortization	204		274		448		611
Other	1,431		1,370		2,576		3,054
Total	$	12,341	$	14,525	$	24,435	$	28,499