XML 40 R30.htm IDEA: XBRL DOCUMENT v3.23.2
Stockholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2023
Stockholders' Equity Note [Abstract]  
Summary of Components of Stockholders' Equity

The following table details the components of Stockholders’ Equity for the six months ended June 30, 2023 and 2022 :

 

 

For the Six Months Ended June 30, 2023

 

($ in thousands)

 

Common
Stock

 

 

Capital in
Excess
of Par Value

 

 

Total
Distributable
(loss) earnings

 

 

Total
Stockholders'
Equity

 

Balance, January 1, 2023

 

$

96

 

 

$

736,784

 

 

$

(504,757

)

 

$

232,123

 

Net investment income

 

 

-

 

 

 

-

 

 

 

8,529

 

 

 

8,529

 

Net change in unrealized appreciation on investments

 

 

-

 

 

 

-

 

 

 

(5,960

)

 

 

(5,960

)

Net realized (losses) from investment transactions and extinguishment of debt

 

 

-

 

 

 

-

 

 

 

(3,085

)

 

 

(3,085

)

Tax (provision) benefit on realized and unrealized gains (losses) on investments

 

 

-

 

 

 

-

 

 

 

571

 

 

 

571

 

Distributions to Stockholders

 

 

-

 

 

 

-

 

 

 

(6,495

)

 

 

(6,495

)

Reinvested Dividends

 

 

-

 

 

 

215

 

 

 

-

 

 

 

215

 

Stock-repurchase

 

 

-

 

 

 

(792

)

 

 

-

 

 

 

(792

)

Balance, March 31, 2023

 

$

96

 

 

$

736,207

 

 

$

(511,197

)

 

$

225,106

 

Net investment income

 

$

-

 

 

$

-

 

 

$

7,915

 

 

$

7,915

 

Net change in unrealized appreciation on investments

 

 

-

 

 

 

-

 

 

 

(4,176

)

 

 

(4,176

)

Net realized (losses) from investment transactions and extinguishment of debt

 

 

-

 

 

 

-

 

 

 

(6,689

)

 

 

(6,689

)

Tax (provision) benefit on realized and unrealized gains (losses) on investments

 

 

-

 

 

 

-

 

 

 

(164

)

 

 

(164

)

Distributions to Stockholders

 

 

-

 

 

 

-

 

 

 

(6,579

)

 

 

(6,579

)

Reinvested Dividends

 

 

-

 

 

 

153

 

 

 

-

 

 

 

153

 

Stock-repurchase

 

 

(1

)

 

 

(552

)

 

 

-

 

 

 

(553

)

Balance, June 30, 2023

 

$

95

 

 

$

735,808

 

 

$

(520,890

)

 

$

215,013

 

 

 

 

 

For the Six Months Ended June 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 at 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