| Schedule Of Selling, General And Administrative Expense |
Selling, general and administrative (“SG&A”) expense includes of the following (in thousands):
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Years Ended December 31, |
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2019 |
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2018 |
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2017 |
Cash expenses: |
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Compensation and benefits |
$ |
19,364 |
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$ |
42,950 |
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$ |
15,322 |
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Professional services |
17,128 |
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11,854 |
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7,765 |
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Other(a)
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10,300 |
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10,718 |
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7,503 |
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Total cash SG&A expense |
46,792 |
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65,522 |
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30,590 |
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Non-cash expenses: |
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Bad debt provision(b)
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1,434 |
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(14,578 |
) |
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16,098 |
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Equity based compensation(c)
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— |
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17,487 |
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— |
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Stock based compensation |
3,326 |
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4,666 |
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3,198 |
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Total non-cash SG&A expense |
4,760 |
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7,575 |
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19,296 |
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Total SG&A expense |
$ |
51,552 |
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$ |
73,097 |
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$ |
49,886 |
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a. |
Includes travel-related costs, IT expenses, rent, utilities and other general and administrative-related costs. |
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b. |
During the year ended December 31, 2018, the Company received payment for amounts previously reserved in 2017. As a result, during the year ended December 31, 2018, the Company reversed bad debt expense of $16.0 million recognized in 2017.
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c. |
Represents compensation expense for non-employee awards, which were issued and are payable by certain affiliates of Wexford (the sponsor level). See Note 17 for additional detail. |
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