SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

9 Months Ended

Sep. 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 and employee benefits associated with personnel employed in executive, finance, law, compliance, human resources, vendor management, risk, sales and marketing roles.  This category also includes occupancy costs, professional fees, marketing costs and depreciation and amortization of non-operating assets.  The components of selling, general and administrative expenses were as follows:

	Three months ended   September 30,				Nine months ended   September 30,
(in thousands)	2015		2014		2015			2014
Compensation and benefits	$	13,906	$	11,770	$	40,305		$	31,870
Occupancy related costs	9,808		9,041		30,509			27,848
Amortization of intangible assets	10,118		9,717		27,995			29,290
Professional services	4,008		4,106		18,637			10,896
Marketing costs	7,325		6,021		18,598			18,805
Depreciation and amortization	2,390		2,112		7,156			5,408
Change in the fair value of Equator Earn Out	—		—		(7,591		)	(37,924		)
Goodwill impairment	—		—		—			37,473
Other	3,783		3,981		12,110			15,637
Total	$	51,338	$	46,748	$	147,719		$	139,303