Operating Expenses

3 Months Ended

Mar. 31, 2014

Operating Expenses

Note 19. Operating Expenses

Components of our operating expenses for the three months ended March 31, 2014 and 2013 are presented in the following table.

Operating Expenses

	Three Months Ended March 31,
(In Thousands)	2014		2013
Fixed compensation expense	$	6,742	$	5,623
Variable compensation expense		2,781		4,917
Equity compensation expense		2,330		2,487
Total compensation expense		11,853		13,027
Systems and consulting		3,466		1,741
Accounting and legal		1,633		2,248
Office costs		985		787
Corporate costs		552		509
Other operating expenses		1,036		1,379
Total Operating Expenses	$	19,525	$	19,691