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Federal Income Tax Reporting (Tables)

12 Months Ended

Dec. 31, 2022

Federal Income Tax Reporting

Schedule of income tax expense reflected in the condensed consolidated statements of income

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​	​	​	​	​	​	​	​	​	​	​
​	​	For the Year Ended December 31,
(Dollars in thousands)		2022			2021			2020
​	​	​	​	​	​	​	​	​	​
Revised Texas Franchise Tax	​	$	239	​	$	234	​	$	250	​
Other Taxes	​		(35)	​		404	​		—	​
Tax expense	​	$	204	​	$	638	​	$	250	​

​

Summary of tax components of Company's common distribution paid per share

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​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	2022				​	2021				​	2020
​		Per Share			%		Per Share			%		Per Share			%
Ordinary income	​	$	—		—	%	$	—		—	%	$	0.28		77.51	%
Capital gain	​		0.14		70	%		0.68		100	%		0.06		16.72	%
Return of capital	​		0.06		30	%		—		—	%		0.02		5.77	%
Total	​	$	0.20		100	%	$	0.68		100	%	$	0.36		100	%

​

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- Definition

Tabular disclosure of income tax classification of the per share common stock dividend distributions into ordinary taxable distribution, long-term capital gain and return of capital.

+ References

No definition available.

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- References

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

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