Quarterly report pursuant to Section 13 or 15(d)

Selling, General and Administrative Expense (Tables)

v3.21.2
Selling, General and Administrative Expense (Tables)
9 Months Ended
Sep. 30, 2021
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 September 30, Nine Months Ended September 30,
2021 2020 2021 2020
Cash expenses:
Compensation and benefits $ 3,353  $ 3,449  $ 11,379  $ 11,138 
Professional services 4,571  5,651  13,783  15,335 
Other(a)
2,252  2,163  7,058  6,572 
Total cash SG&A expense 10,176  11,263  32,220  33,045 
Non-cash expenses:
Bad debt provision(b)
31,449  626  41,650  2,306 
Stock based compensation 241  291  827  1,326 
Total non-cash SG&A expense 31,690  917  42,477  3,632 
Total SG&A expense $ 41,866  $ 12,180  $ 74,697  $ 36,677 
a.    Includes travel-related costs, information technology expenses, rent, utilities and other general and administrative-related costs. b. The bad debt provision for the three and nine months ended September 30, 2021, includes $31.2 million and $41.2 million, respectively, related to the Stingray Pressure Pumping and Muskie contracts with Gulfport. See Notes 2 and 18.