Annual report pursuant to Section 13 and 15(d)

Selling, General and Administrative Expense (Tables)

v3.22.4
Selling, General and Administrative Expense (Tables)
 12 Months Ended
Dec. 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):
Years Ended December 31,
2022 2021 2020
Cash expenses:
Compensation and benefits $ 13,729  $ 15,064  $ 14,876 
Professional services 13,501  11,400  19,905 
Other(a)
8,012  9,052  8,828 
Total cash SG&A expense 35,242  35,516  43,609 
Non-cash expenses:
Bad debt provision(b)
3,389  41,662  21,958 
Stock based compensation 923  1,068  1,618 
Total non-cash SG&A expense 4,312  42,730  23,576 
Total SG&A expense $ 39,554  $ 78,246  $ 67,185 
a.    Includes travel-related costs, information technology expenses, rent, utilities and other general and administrative-related costs.
b.    The bad debt provision for the year ended December 31, 2021 includes $41.2 million related to the Stingray Pressure Pumping and Muskie contracts with Gulfport. The bad debt provision for the year ended December 31, 2020, included $19.4 million related to the voluntary petitions for relief filed on November 13, 2020, by Gulfport and certain of its subsidiaries. See Notes 2 and 19.