New Breakdown of Expenses—What This Means to You  |  Compensation Expense  |  Selling Expenses  |  Operating Expense   |  
Adminstrative Expense/Total Expenses  |  Expense Growth Over Prior Year

Expenses (as % of NR)

Average +25% Profit +25% Growth Operating Expenses Occupancy Expenditures 5.4% 5.4% 6.1% Occupancy Depreciation/Amortization 0.2% 0.1% 0.2% Total Occupancy 5.6% 5.5% 6.3% Office Equipment Expenditures 0.6% 0.4% 0.5% Office Equipment Depreciation 0.3% 0.0% 0.2% Total Office Equipment 0.9% 0.5% 0.7% IT (Information Technology) 1.4% 1.2% 1.3% IT Depreciation/Amortization 0.2% 0.1% 0.5% Total IT 1.6% 1.2% 1.7% Telephone 0.9% 0.9% 1.1% Postage 0.6% 0.6% 0.6% Supplies/Printing 1.1% 1.1% 0.6% Dues/Subscriptions/Contributions 0.8% 0.6% 1.1% Taxes/Licenses 0.5% 0.4% 0.5% Insurance 1.6% 1.6% 1.4% Professional Fees 1.0% 0.9% 1.1% Bad Debts 0.2% 0.1% 0.4% Outside Services 0.4% 0.4% 0.4% Education/Training 0.4% 0.4% 0.3% Miscellaneous 0.4% 0.2% 0.6% Total Operating 16.1% 14.4% 16.9%