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General and Administrative Expenses
 6 Months Ended
Jun. 30, 2026
Other Income and Expenses [Abstract]  
General and Administrative Expenses General and Administrative Expenses
Components of our general and administrative expenses for the three and six months ended June 30, 2026 and 2025 are presented in the following table.
Table 22.1 – Components of General and Administrative Expenses
Three Months Ended June 30,Six Months Ended June 30,
(In Thousands)2026202520262025
Fixed compensation expense (1)
$16,822 $14,870 $39,398 $30,859 
Long-term incentive award expense (2)
5,361 5,612 13,779 11,281 
Systems and consulting5,367 3,983 10,864 7,767 
Annual variable compensation expense3,716 6,367 8,695 12,303 
Accounting and legal1,519 1,516 3,452 3,115 
Corporate costs1,058 930 2,813 1,668 
Office costs1,924 1,895 3,583 3,874 
Other2,431 1,810 4,972 3,587 
Total General and Administrative Expenses$38,198 $36,983 $87,556 $74,454 
(1)Includes $5 million of severance and transition-related expenses for the six months ended June 30, 2026.
(2)For the three months ended June 30, 2026 and 2025, long-term incentive award expense included $5 million and $6 million of expense, respectively, with $5 million and $5 million awards settleable in shares of our common stock, and $1 million and $1 million awards settleable in cash. For the six months ended June 30, 2026 and 2025, long-term incentive award expense included $13 million and $11 million of expense, respectively, with $10 million and $9 million awards settleable in shares of our common stock, and $3 million and $2 million awards settleable in cash. For the six months ended June 30, 2026, includes $2 million of organizational realignment costs.
For additional information related to cash-settled long-term incentive awards, see Note 15 to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2025.