Quarterly report pursuant to Section 13 or 15(d)

Selling, General and Administrative Expense (Tables)

v3.22.1
Selling, General and Administrative Expense (Tables)
 3 Months Ended
Mar. 31, 2022
Other Income and Expenses [Abstract]  
Schedule of Selling, General and Administrative Expense Selling, general and administrative (“SG&A”) expense includes of the following (in thousands):
Three Months Ended March 31,
2022 2021
Cash expenses:
Compensation and benefits $ 2,983  $ 4,694 
Professional services(a)
3,637  581 
Other(b)
1,906  2,342 
Total cash SG&A expense 8,526  7,617 
Non-cash expenses:
Bad debt provision(c)
(99) 10,125 
Stock based compensation 241  282 
Total non-cash SG&A expense 142  10,407 
Total SG&A expense $ 8,668  $ 18,024 
a.    Certain legal expenses totaling $2.8 million were reclassified to Other, net for the three months ended March 31, 2021. The increase in professional fees is primarily due to an increase in legal expenses for matters related to ongoing operations.
b.    Includes travel-related costs, information technology expenses, rent, utilities and other general and administrative-related costs.
c.    The bad debt provision for the three months ended March 31, 2021 includes $10.0 million related to the voluntary petitions for relief filed on November 13, 2020, by Gulfport and its subsidiaries. See Notes 2 and 18.