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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2022
Stockholders' Equity Note [Abstract] |
Summary of Components of Stockholders' Equity | The following table details the components of Stockholders’ Equity for the nine months ended September 30, 2022 and 2021:
|  | For the Nine Months Ended September 30, 2022 |
($ in thousands) |  | Common Stock |  |  | Capital in Excess of Par Value |  |  | Total Distributable (loss) earnings |  |  | Total Stockholders' Equity |
Balance, January 1, 2022 |  | $ | 97 |  |  | $ | 733,095 |  |  | $ | (453,070 | ) |  | $ | 280,122 |
Net investment income |  |  | - |  |  |  | - |  |  |  | 7,908 |  |  |  | 7,908 |
Net change in unrealized appreciation on investments |  |  | - |  |  |  | - |  |  |  | 2,143 |  |  |  | 2,143 |
Net realized (losses) from investment transactions and extinguishment of debt |  |  | - |  |  |  | - |  |  |  | (5,553 | ) |  |  | (5,553 | )
Tax (provision) benefit on realized and unrealized gains (losses) on investments |  |  | - |  |  |  | - |  |  |  | (440 | ) |  |  | (440 | )
Distributions to Stockholders |  |  | - |  |  |  | - |  |  |  | (6,111 | ) |  |  | (6,111 | )
Reinvested Dividends |  |  | - |  |  |  | 338 |  |  |  | - |  |  |  | 338 |
Stock-repurchase |  |  | - |  |  |  | (545 | ) |  |  | - |  |  |  | (545 | )
Private placement and other |  |  | - |  |  |  | 439 |  |  |  | - |  |  |  | 439 |
Balance, March 31, 2022 |  | $ | 97 |  |  | $ | 733,327 |  |  | $ | (455,123 | ) |  | $ | 278,301 |
Net investment income |  | $ | - |  |  | $ | - |  |  | $ | 5,522 |  |  | $ | 5,522 |
Net change in unrealized appreciation on investments |  |  | - |  |  |  | - |  |  |  | 113 |  |  |  | 113 |
Net realized (losses) from investment transactions and extinguishment of debt |  |  | - |  |  |  | - |  |  |  | (13,991 | ) |  |  | (13,991 | )
Tax (provision) benefit on realized and unrealized gains (losses) on investments |  |  | - |  |  |  | - |  |  |  | (77 | ) |  |  | (77 | )
Distributions to Stockholders |  |  | - |  |  |  | - |  |  |  | (6,064 | ) |  |  | (6,064 | )
Reinvested Dividends |  |  | - |  |  |  | 346 |  |  |  | - |  |  |  | 346 |
Stock-repurchase |  |  | - |  |  |  | (2,459 | ) |  |  | - |  |  |  | (2,459 | )
Private placement |  |  | - |  |  |  | (25 | ) |  |  | - |  |  |  | (25 | )
Balance, June 30, 2022 |  | $ | 97 |  |  | $ | 731,189 |  |  | $ | (469,620 | ) |  | $ | 261,666 |
Net investment income |  | $ | - |  |  | $ | - |  |  | $ | 8,392 |  |  | $ | 8,392 |
Net change in unrealized appreciation on investments |  |  | - |  |  |  | - |  |  |  | (2,968 | ) |  |  | (2,968 | )
Net realized (losses) from investment transactions and extinguishment of debt |  |  | - |  |  |  | - |  |  |  | (9,087 | ) |  |  | (9,087 | )
Tax (provision) benefit on realized and unrealized gains (losses) on investments |  |  | - |  |  |  | - |  |  |  | (542 | ) |  |  | (542 | )
Distributions to Stockholders |  |  | - |  |  |  | - |  |  |  | (6,048 | ) |  |  | (6,048 | )
Reinvested Dividends |  |  | - |  |  |  | 204 |  |  |  | - |  |  |  | 204 |
Stock-repurchase |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Private placement |  |  | - |  |  |  | (35 | ) |  |  | - |  |  |  | (35 | )
Balance, September 30, 2022 |  | $ | 97 |  |  | $ | 731,358 |  |  | $ | (479,873 | ) |  | $ | 251,582 |
|  | For the Nine Months Ended September 30, 2021 |
($ in thousands) |  | Common Stock(1) |  |  | Capital in Excess of Par Value(1) |  |  | Total Distributable (loss) earnings |  |  | Total Stockholders' Equity |
Balance, January 1, 2021 |  | $ | 75 |  |  | $ | 639,136 |  |  | $ | (422,947 | ) |  | $ | 216,264 |
Net investment income |  |  | - |  |  |  | - |  |  |  | 8,213 |  |  |  | 8,213 |
Net realized (losses) from investment transactions and extinguishment of debt |  |  | - |  |  |  | - |  |  |  | (6,921 | ) |  |  | (6,921 | )
Net change in unrealized appreciation on investments |  |  | - |  |  |  | - |  |  |  | 6,745 |  |  |  | 6,745 |
Distributions to Stockholders |  |  | - |  |  |  | - |  |  |  | (4,510 | ) |  |  | (4,510 | )
Reinvested Dividends |  |  | - |  |  |  | 64 |  |  |  | - |  |  |  | 64 |
Balance at March 31, 2021 |  | $ | 75 |  |  | $ | 639,200 |  |  | $ | (419,420 | ) |  | $ | 219,855 |
Net investment income |  | $ | - |  |  | $ | - |  |  | $ | 11,710 |  |  | $ | 11,710 |
Net realized (losses) from investment transactions and extinguishment of debt |  |  | - |  |  |  | - |  |  |  | (2,356 | ) |  |  | (2,356 | )
Net change in unrealized appreciation on investments |  |  | - |  |  |  | - |  |  |  | 1,490 |  |  |  | 1,490 |
Distributions to Stockholders |  |  | - |  |  |  | - |  |  |  | (4,594 | ) |  |  | (4,594 | )
Reinvested Dividends |  |  | - |  |  |  | 165 |  |  |  | - |  |  |  | 165 |
Stock-repurchase |  |  | - |  |  |  | (380 | ) |  |  | - |  |  |  | (380 | )
Private placement |  |  | 2 |  |  |  | 4,017 |  |  |  | - |  |  |  | 4,019 |
HCAP purchase (net of offering expenses) |  |  | 15 |  |  |  | 38,680 |  |  |  | - |  |  |  | 38,695 |
Balance, June 30, 2021 |  | $ | 92 |  |  | $ | 681,682 |  |  | $ | (413,170 | ) |  | $ | 268,604 |
Net investment income |  | $ | - |  |  | $ | - |  |  | $ | 13,718 |  |  | $ | 13,718 |
Net realized (losses) from investment transactions and extinguishment of debt |  |  | - |  |  |  | - |  |  |  | (3,931 | ) |  |  | (3,931 | )
Net change in unrealized appreciation on investments |  |  | - |  |  |  | - |  |  |  | (642 | ) |  |  | (642 | )
Distributions to Stockholders |  |  | - |  |  |  | - |  |  |  | (5,469 | ) |  |  | (5,469 | )
Reinvested Dividends |  |  | - |  |  |  | 215 |  |  |  | - |  |  |  | 215 |
Stock-repurchase |  |  | - |  |  |  | (1,447 | ) |  |  | - |  |  |  | (1,447 | )
Balance, September 30, 2021 |  | $ | 92 |  |  | $ | 680,450 |  |  | $ | (409,494 | ) |  | $ | 271,048 |
(1) The Company completed a Reverse Stock Split of 10 to 1 effective August 26, 2021, the common stock and capital in excess of par value have been adjusted retroactively to reflect the split for all periods presented.

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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21463-112644 + Details
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