Annual report pursuant to Section 13 and 15(d)

Selling, General and Administrative Expense

v3.19.1
Selling, General and Administrative Expense
12 Months Ended
Dec. 31, 2018
Other Income and Expenses [Abstract]  
Selling, General And Administrative Expense
Selling, General and Administrative Expense

Selling, general and administrative ("SG&A") expense includes of the following (in thousands):
 
Years Ended December 31,
 
2018
 
2017
 
2016
Cash expenses:
 
 
 
 
 
Compensation and benefits
$
42,950

 
$
15,322

 
$
9,789

Professional services
11,854

 
7,765

 
4,552

Other(a)
10,718

 
7,503

 
1,960

Total cash SG&A expense
65,522

 
30,590

 
16,301

Non-cash expenses:
 
 
 
 
 
Bad debt provision(b)
(14,578
)
 
16,098

 
1,246

Equity based compensation(c)
17,487

 

 

Stock based compensation
4,666

 
3,198

 
501

Total non-cash SG&A expense
7,575

 
19,296

 
1,747

Total SG&A expense
$
73,097

 
$
49,886

 
$
18,048

a.
Includes travel-related costs, IT expenses, rent, utilities and other general and administrative-related costs.
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.
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.