Annual report pursuant to Section 13 and 15(d)

Selling, General and Administrative Expense (Tables)

v3.24.0.1
Selling, General and Administrative Expense (Tables)
 12 Months Ended
Dec. 31, 2023
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,
2023 2022 2021
Cash expenses:
Compensation and benefits $ 15,563  $ 13,729  $ 15,064 
Professional services 13,448  13,501  11,400 
Other(a)
7,693  8,012  9,052 
Total cash SG&A expense 36,704  35,242  35,516 
Non-cash expenses:
Change in provision for expected credit losses(b)
(591) 3,389  41,662 
Stock based compensation 1,345  923  1,068 
Total non-cash SG&A expense 754  4,312  42,730 
Total SG&A expense $ 37,458  $ 39,554  $ 78,246 
a.    Includes travel-related costs, information technology expenses, rent, utilities and other general and administrative-related costs.
b.    The change in provision for expected credit losses for the year ended December 31, 2021 includes $41.2 million related to the Stingray Pressure Pumping and Muskie contracts with Gulfport.