SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

9 Months Ended

Sep. 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 September 30,				Nine months ended September 30,
(in thousands)	2023		2022		2023		2022
Compensation and benefits	$	4,906	$	7,388	$	16,312	$	19,093
Professional services	1,897		2,584		5,743		8,432
Occupancy related costs	1,266		1,008		3,924		4,049
Amortization of intangible assets	1,352		1,281		3,912		3,849
Marketing costs	440		774		1,381		2,446
Depreciation and amortization	129		284		577		895
Other	744		1,237		3,320		4,291
Total	$	10,734	$	14,556	$	35,169	$	43,055