SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

6 Months Ended

Jun. 30, 2015

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, law, compliance, human resources, vendor management, risk, sales and marketing 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:

	Three months ended   June 30,						Six months ended   June 30,
(in thousands)	2015			2014			2015			2014
Compensation and benefits	$	13,636		$	11,111		$	26,399		$	20,100
Occupancy related costs	10,047			9,496			20,701			18,807
Amortization of intangible assets	8,986			10,107			17,877			19,573
Professional services	6,639			2,808			14,629			6,790
Marketing costs	5,920			7,667			11,273			12,784
Depreciation and amortization	2,344			1,741			4,766			3,296
Change in the fair value of Equator Earn Out	(7,591		)	(37,924		)	(7,591		)	(37,924		)
Goodwill impairment	—			37,473			—			37,473
Other	3,994			6,542			8,327			11,656
Total	$	43,975		$	49,021		$	96,381		$	92,555