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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2024
Stockholders' Equity Note [Abstract] |
Summary of Components of Stockholders' Equity | The following tables detail the components of Stockholders’ Equity for the nine months ended September 30, 2024 and 2023:
|  | For the Nine Months Ended September 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 |
Net investment income |  | $ | — |  |  | $ | — |  |  | $ | 5,802 |  |  |  | 5,802 |
Net change in unrealized appreciation on investments |  |  | — |  |  |  | — |  |  |  | 4,511 |  |  |  | 4,511 |
Net realized (losses) from investment transactions and extinguishment of debt |  |  | — |  |  |  | — |  |  |  | (11,822 | ) |  |  | (11,822 | )
Tax (provision) benefit on realized and unrealized gains (losses) on investments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Distributions to Stockholders |  |  | — |  |  |  | — |  |  |  | (6,382 | ) |  |  | (6,382 | )
Reinvested Dividends |  |  | — |  |  |  | 82 |  |  |  | — |  |  |  | 82 |
Stock-repurchase |  |  | (1 | ) |  |  | (637 | ) |  |  | — |  |  |  | (638 | )
Balance, September 30, 2024 |  | $ | 92 |  |  | $ | 714,933 |  |  | $ | (527,043 | ) |  | $ | 187,982 |
|  | For the Nine Months Ended September 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 |
Net investment income |  | $ | — |  |  | $ | — |  |  | $ | 7,166 |  |  | $ | 7,166 |
Net change in unrealized appreciation on investments |  |  | — |  |  |  | — |  |  |  | 1,708 |  |  |  | 1,708 |
Net realized (losses) from investment transactions and extinguishment of debt |  |  | — |  |  |  | — |  |  |  | (1,693 | ) |  |  | (1,693 | )
Tax (provision) benefit on realized and unrealized gains (losses) on investments |  |  | — |  |  |  | — |  |  |  | 264 |  |  |  | 264 |
Distributions to Stockholders |  |  | — |  |  |  | — |  |  |  | (6,554 | ) |  |  | (6,554 | )
Reinvested Dividends |  |  | — |  |  |  | 73 |  |  |  | - |  |  |  | 73 |
Stock-repurchase |  |  | — |  |  |  | (1,222 | ) |  |  | - |  |  |  | (1,222 | )
Balance, September 30, 2023 |  | $ | 95 |  |  | $ | 734,659 |  |  | $ | (519,999 | ) |  | $ | 214,755 |

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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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2 + Details
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