| Selling, General and Administrative Expense |
Selling, General and Administrative Expense
Selling, general and administrative ("SG&A") expense includes of the following (in thousands):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2018 |
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2017 |
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2018 |
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2017 |
Cash expenses: |
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Compensation and benefits |
$ |
10,978 |
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$ |
2,966 |
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$ |
18,677 |
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$ |
5,381 |
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Professional services |
2,981 |
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1,652 |
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5,568 |
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3,581 |
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Other(a)
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3,935 |
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2,015 |
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5,542 |
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3,880 |
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Total cash SG&A expense |
17,894 |
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6,633 |
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29,787 |
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12,842 |
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Non-cash expenses: |
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Bad debt provision |
28,263 |
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17 |
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53,790 |
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(25 |
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Equity based compensation(b)
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17,487 |
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— |
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17,487 |
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— |
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Stock based compensation |
1,483 |
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1,050 |
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2,574 |
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1,620 |
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Total non-cash SG&A expense |
47,233 |
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1,067 |
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73,851 |
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1,595 |
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Total SG&A expense |
$ |
65,127 |
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$ |
7,700 |
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$ |
103,638 |
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$ |
14,437 |
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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. |
Represents compensation expense for non-employee awards, which were issued and are payable by certain affiliates of Wexford (the sponsor level). See Note 15 for additional detail. |
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