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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2024
Stockholders' Equity Note [Abstract]  
Summary of Components of Stockholders' Equity

The following table details the components of Stockholders’ Equity for the three months ended March 31, 2024 and 2023 :

 

 

For the Three Months Ended March 31, 2024

 

($ in thousands)

 

Common
Stock

 

 

Capital in
Excess
of Par Value

 

 

Total
Distributable
(loss) earnings

 

 

Total
Stockholders'
Equity

 

Balance, January 1, 2024

 

$

94

 

 

$

717,835

 

 

$

(504,411

)

 

$

213,518

 

Net investment income

 

 

-

 

 

 

-

 

 

$

6,226

 

 

 

6,226

 

Net change in unrealized appreciation on investments

 

 

-

 

 

 

-

 

 

$

71

 

 

 

71

 

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

 

 

-

 

 

 

-

 

 

$

(2,270

)

 

 

(2,270

)

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

 

 

-

 

 

 

-

 

 

$

459

 

 

 

459

 

Distributions to Stockholders

 

 

-

 

 

 

-

 

 

$

(6,444

)

 

 

(6,444

)

Reinvested Dividends

 

 

-

 

 

 

-

 

 

$

 

 

 

-

 

Stock-repurchase

 

 

(1

)

 

 

(952

)

 

$

 

 

 

(953

)

Balance, March 31, 2024

 

$

93

 

 

$

716,883

 

 

$

(506,369

)

 

$

210,607

 

 

 

 

 

For the Three Months Ended March 31, 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