SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

12 Months Ended

Dec. 31, 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, compliance, 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 for the years ended December 31:

(in thousands)	2014			2013		2012
Compensation and benefits	$	45,098		$	27,864	$	21,166
Professional services	18,598			8,022		9,864
Occupancy related costs	38,262			28,424		24,041
Amortization of intangible assets	37,680			28,176		5,030
Depreciation and amortization	7,548			4,633		2,609
Change in the fair value of Equator Earn Out	(37,924		)	—		—
Goodwill impairment	37,473			—		—
Marketing costs	24,130			5,028		2,500
Other	30,417			11,663		9,502
Total	$	201,282		$	113,810	$	74,712