Quarterly report pursuant to Section 13 or 15(d)

Selling, General and Administrative Expense (Tables)

v3.22.2.2
Selling, General and Administrative Expense (Tables)
 9 Months Ended
Sep. 30, 2022
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,
2022 2021 2022 2021
Cash expenses:
Compensation and benefits $ 3,676  $ 3,353  $ 9,796  $ 11,379 
Professional services(a)
3,706  4,134  10,067  8,399 
Other(b)
2,059  2,252  6,127  7,058 
Total cash SG&A expense 9,441  9,739  25,990  26,836 
Non-cash expenses:
Bad debt provision(c)
3  31,449  (112) 41,650 
Stock based compensation 241  241  682  827 
Total non-cash SG&A expense 244  31,690  570  42,477 
Total SG&A expense $ 9,685  $ 41,429  $ 26,560  $ 69,313 
a.    Certain legal expenses totaling $0.4 million and $5.4 million were reclassified to Other, net for the three and nine months ended September 30, 2021, respectively. The increase in professional fees is primarily due to an increase in legal expenses for matters related to ongoing operations.
b.    Includes travel-related costs, information technology expenses, rent, utilities and other general and administrative-related costs.
c.    The bad debt provision for the three and nine months ended September 30, 2021 includes $31.2 million and $41.2 million related to the Stingray Pressure Pumping and Muskie contracts with Gulfport. See Notes 2 and 18.