Quarterly report pursuant to Section 13 or 15(d)

Selling, General and Administrative Expense (Tables)

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Selling, General and Administrative Expense (Tables)
 6 Months Ended
Jun. 30, 2024
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,
2024 2023 2024 2023
Cash expenses:
Compensation and benefits $ 3,116  $ 3,996  $ 7,220  $ 8,273 
Professional services 3,056  4,276  5,513  6,205 
Other(a)
1,702  1,868  3,475  3,779 
Total cash SG&A expense 7,874  10,140  16,208  18,257 
Non-cash expenses:
Change in provision for expected credit losses charged to bad debt expense(b)
89,383  (44) 89,612  (425)
Stock based compensation 219  261  438  908 
Total non-cash SG&A expense 89,602  217  90,050  483 
Total SG&A expense $ 97,476  $ 10,357  $ 106,258  $ 18,740 
a.    Includes travel-related costs, information technology expenses, rent, utilities and other general and administrative-related costs.
b.    Included in the three and six months ended June 30, 2024 amounts is a charge of $89.2 million related to Cobra’s Settlement Agreement with PREPA. See Note 2. Basis of Presentation and Significant Accounting Policies—Accounts Receivable and —Concentrations of Credit Risk and Significant Customers and Note 19. Commitments and Contingencies—Litigation included elsewhere in this report for additional information.