General and Administrative Expenses (Tables)

6 Months Ended

Jun. 30, 2026

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, 2026 and 2025 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)	2026		2025		2026		2025
Fixed compensation expense (1)	$	16,822	$	14,870	$	39,398	$	30,859
Long-term incentive award expense (2)	5,361		5,612		13,779		11,281
Systems and consulting	5,367		3,983		10,864		7,767
Annual variable compensation expense	3,716		6,367		8,695		12,303
Accounting and legal	1,519		1,516		3,452		3,115
Corporate costs	1,058		930		2,813		1,668
Office costs	1,924		1,895		3,583		3,874
Other	2,431		1,810		4,972		3,587
Total General and Administrative Expenses	$	38,198	$	36,983	$	87,556	$	74,454

(1)Includes $5 million of severance and transition-related expenses for the six months ended June 30, 2026.

(2)For the three months ended June 30, 2026 and 2025, long-term incentive award expense included $5 million and $6 million of expense, respectively, with $5 million and $5 million awards settleable in shares of our common stock, and $1 million and $1 million awards settleable in cash. For the six months ended June 30, 2026 and 2025, long-term incentive award expense included $13 million and $11 million of expense, respectively, with $10 million and $9 million awards settleable in shares of our common stock, and $3 million and $2 million awards settleable in cash. For the six months ended June 30, 2026, includes $2 million of organizational realignment costs.