Annual report pursuant to Section 13 and 15(d)

Selling, General and Administrative Expense

v3.22.4
Selling, General and Administrative Expense
 12 Months Ended
Dec. 31, 2022
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,
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.