General and Administrative Expenses

12 Months Ended

Dec. 31, 2024

Other Income and Expenses [Abstract]

General and Administrative Expenses

General and Administrative Expenses

Components of our general and administrative expenses for the years ended December 31, 2024, 2023 and 2022 are presented in the following table.

Table 22.1 – Components of General and Administrative Expenses

	Years Ended December 31,
(In Thousands)	2024		2023		2022
Fixed compensation expense (1)	$	55,736	$	53,525	$	63,642
Long-term incentive award expense (2)	25,025		24,854		23,101
Annual variable compensation expense	19,478		14,752		12,873
Systems and consulting	13,660		12,454		14,193
Office costs	7,634		8,590		8,574
Accounting and legal	4,762		5,191		6,644
Corporate costs	3,495		3,628		3,675
Other	6,603		5,301		8,206
Total General and Administrative Expenses	$	136,393	$	128,295	$	140,908

(1)Includes $2 million, $2 million and $7 million of severance and transition-related expenses for the years ended December 31, 2024, 2023 and 2022, respectively.

(2)For the years ended December 31, 2024, 2023, and 2022, long-term incentive award expense includes $19 million, $18 million and $20 million, respectively, of expense for awards settleable in shares of our common stock and $6 million, $6 million and $3 million, respectively, of expense for awards settleable in cash. For the year ended December 31, 2024, includes equity amortization expense of $1 million related to employee terminations.