General and Administrative Expenses (Tables)

6 Months Ended

Jun. 30, 2025

Other Income and Expenses [Abstract]

Schedule of Components of General and Administrative Expenses

Components of our general and administrative expenses for the three and six months ended June 30, 2025 and 2024 are presented in the following table.

Table 22.1 – Components of General and Administrative Expenses

	Three Months Ended June 30,				Six Months Ended June 30,
(In Thousands)	2025		2024		2025		2024
Fixed compensation expense (1)	$	14,870	$	13,073	$	30,859	$	29,330
Long-term incentive award expense (2)	5,612		7,338		11,281		13,825
Annual variable compensation expense	6,367		4,051		12,303		6,968
Systems and consulting	3,983		3,254		7,767		6,455
Office costs	1,895		2,076		3,874		4,158
Accounting and legal	1,516		789		3,115		2,006
Corporate costs	930		985		1,668		1,857
Other	1,810		1,718		3,587		3,254
Total General and Administrative Expenses	$	36,983	$	33,284	$	74,454	$	67,853

(1)Includes $2 million of severance and transition-related expenses for the six months ended June 30, 2024.

(2)For the three months ended June 30, 2025 and 2024, long-term incentive award expense included $6 million and $7 million of expense, respectively, with $5 million awards settleable in shares of our common stock, and $1 million and $2 million awards settleable in cash. For the six months ended June 30, 2025 and 2024, long-term incentive award expense included $11 million and $14 million of expense, respectively, with $9 million and $11 million awards settleable in shares of our common stock, and $2 million and $3 million awards settleable in cash.