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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Investment Company, Change In Net Assets | During the years ended December 31, 2023, 2022 and 2021, the Company reclassified for book purposes amounts arising from permanent book/tax differences primarily related to differences in the tax basis and book basis of investments sold, merger adjustments and non-deductible excise taxes paid during the year as follows:
|  | December 31,
($ in thousands) |  | 2023 |  | 2022 | (1) | 2021
Additional paid-in capital |  | $ | 13,252 |  |  | $ | 288,888 |  |  | $ | 1,629 |
Total distributable earnings (loss) |  | $ | (13,252) |  |  | $ | (288,888) |  |  | $ | (1,629) |
(1) 2022 reclassification is primarily attributable to the Sierra Merger.
Investment Company, Distribution To Shareholders | For income tax purposes, distributions paid to stockholders are reported as ordinary income, long-term capital gains, return of capital or a combination thereof. The tax character of distributions paid for the years ended December 31, 2023, 2022 and 2021 was as follows:
|  | Year Ended December 31,
($ in thousands) |  | 2023 |  | 2022 |  | 2021
Ordinary income |  | $ | 108,997 |  |  | $ | 93,726 |  |  | $ | 51,910 |
Tax return of capital |  | — |  |  | — |  |  | 1,649 |
Distributions on a tax basis |  | $ | 108,997 |  |  | $ | 93,726 |  |  | $ | 53,559 |
Investment Company, Components Of Distributable Earnings (Accumulated Losses) | At December 31, 2023, 2022 and 2021, the components of distributable earnings on a tax basis detailed below differ from the amounts reflected in the Company’s Consolidated Balance Sheets by temporary and other book/tax differences, primarily relating to accruals of defaulted debt investment interest and the tax treatment of certain partnership investments, as follows:
|  | December 31,
($ in thousands) |  | 2023 |  | 2022 |  | 2021
Undistributed net investment income |  | $ | 44,655 |  |  | $ | 22,110 |  |  | $ | — |
Accumulated capital losses |  | (666,300) |  |  | (582,153) |  |  | (304,240) |
Other permanent differences relating to the Company’s formation |  | 1,975 |  |  | 1,975 |  |  | 1,975 |
Other temporary differences |  | 204 |  |  | 136 |  |  | 68 |
Unrealized appreciation (depreciation) |  | (38,538) |  |  | (105,822) |  |  | 16,376 |
Components of distributable earnings at year end |  | $ | (658,004) |  |  | $ | (663,754) |  |  | $ | (285,821) |

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