Operating Expenses

6 Months Ended

Jun. 30, 2015

Other Income and Expenses [Abstract]

Operating Expenses

Operating Expenses

Components of our operating expenses for the three and six months ended June 30, 2015 and 2014 are presented in the following table.

Operating Expenses

	Three Months Ended June 30,				Six Months Ended June 30,
(In Thousands)	2015		2014		2015		2014
Fixed compensation expense	$	9,286	$	6,872	$	18,441	$	13,664
Variable compensation expense	3,578		3,243		7,569		5,974
Equity compensation expense	3,539		2,824		6,277		5,154
Total compensation expense	16,403		12,939		32,287		24,792
Systems and consulting	2,242		3,977		4,364		7,443
Accounting and legal	1,130		1,183		2,707		2,816
Office costs	1,366		1,170		2,598		2,155
Corporate costs	512		558		1,037		1,111
Other operating expenses	3,565		2,455		7,288		3,937
Total Operating Expenses	$	25,218	$	22,282	$	50,281	$	42,254