| Schedule of selling, general and administrative expense |
Selling, general and administrative ("SG&A") expense includes of the following (in thousands):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2019 |
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2018 |
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2019 |
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2018 |
Cash expenses: |
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Compensation and benefits |
$ |
2,154 |
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$ |
10,978 |
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$ |
11,384 |
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$ |
18,677 |
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Professional services |
2,934 |
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2,981 |
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6,723 |
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5,568 |
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Other(a)
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3,381 |
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3,935 |
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6,626 |
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5,542 |
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Total cash SG&A expense |
8,469 |
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17,894 |
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24,733 |
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29,787 |
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Non-cash expenses: |
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Bad debt provision(b)
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262 |
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28,263 |
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266 |
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53,790 |
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Equity based compensation(c)
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— |
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17,487 |
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— |
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17,487 |
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Stock based compensation |
724 |
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1,483 |
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1,792 |
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2,574 |
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Total non-cash SG&A expense |
986 |
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47,233 |
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2,058 |
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73,851 |
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Total SG&A expense |
$ |
9,455 |
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$ |
65,127 |
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$ |
26,791 |
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$ |
103,638 |
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a. |
Includes travel-related costs, IT expenses, rent, utilities and other general and administrative-related costs. |
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b. |
$28.3 million and $53.6 million of the bad debt expense recognized during the three and six months ended June 30, 2018 was subsequently reversed during the third quarter of 2018.
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c. |
Represents compensation expense for non-employee awards, which were issued and are payable by certain affiliates of Wexford (the sponsor level). See Note 16 for additional detail. |
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