Quarterly report pursuant to Section 13 or 15(d)

Selling, General and Administrative Expense (Tables)

v3.22.2
Selling, General and Administrative Expense (Tables)
 6 Months Ended
Jun. 30, 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 June 30, Six Months Ended June 30,
2022 2021 2022 2021
Cash expenses:
Compensation and benefits $ 3,137  $ 3,333  $ 6,120  $ 8,027 
Professional services(a)
2,724  3,683  6,361  4,264 
Other(b)
2,162  2,464  4,068  4,806 
Total cash SG&A expense 8,023  9,480  16,549  17,097 
Non-cash expenses:
Bad debt provision(c)
(16) 76  (115) 10,201 
Stock based compensation 199  304  440  586 
Total non-cash SG&A expense 183  380  325  10,787 
Total SG&A expense $ 8,206  $ 9,860  $ 16,874  $ 27,884 
a.    Certain legal expenses totaling $2.1 million and $4.9 million were reclassified to Other, net for the three and six months ended June 30, 2021, respectively. 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 six months ended June 30, 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.