The 10 basis point increase is primarily due to increased compensation costs and travel, along with certain non-returning expenses related to severance and professional fees.

Jul 11, 2023 / CFO / receipt, needs a key / Michael McCleary, CFO | earnings call 2023-07-11 | transcript dc900f44-7b72-45f1-be13-bebe2f73f4f8 | chars 10478-10652 | segment 10