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Stockholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2024
Stockholders' Equity Note [Abstract]  
Summary of Components of Stockholders' Equity

The following tables detail the components of Stockholders’ Equity for the six months ended June 30, 2024 and 2023:

 

 

 

For the Six Months Ended June 30, 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

 

Net investment income

 

$

—

 

 

$

—

 

 

$

6,477

 

 

$

6,477

 

Net change in unrealized appreciation on investments

 

 

—

 

 

 

—

 

 

 

(5,966

)

 

 

(5,966

)

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

 

 

—

 

 

 

—

 

 

 

(6,961

)

 

 

(6,961

)

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

 

 

—

 

 

 

—

 

 

 

78

 

 

 

78

 

Distributions to Stockholders

 

 

—

 

 

 

—

 

 

 

(6,411

)

 

 

(6,411

)

Reinvested Dividends

 

 

—

 

 

 

158

 

 

 

—

 

 

 

158

 

Stock-repurchase

 

 

—

 

 

 

(1,553

)

 

 

—

 

 

 

(1,553

)

Balance, June 30, 2024

 

$

93

 

 

$

715,488

 

 

$

(519,152

)

 

$

196,429

 

 

 

 

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