v3.25.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
As Reported
Adjustment
Controlled Investments
Adjustment
Common stock
Common stock
As Reported
Common stock
Adjustment
Preferred stock
Preferred stock
As Reported
Preferred stock
Controlled Investments
Adjustment
Additional paid-in capital
Additional paid-in capital
As Reported
Additional paid-in capital
Adjustment
Additional paid-in capital
Controlled Investments
Adjustment
Accumulated other comprehensive income (loss)
Accumulated other comprehensive income (loss)
As Reported
Accumulated undistributed earnings
Accumulated undistributed earnings
As Reported
Accumulated undistributed earnings
Adjustment
Retained earnings
Retained earnings
As Reported
Retained earnings
Controlled Investments
Adjustment
Beginning balance (in shares) at Dec. 31, 2021         24,159                                  
Beginning balance at Dec. 31, 2021 $ 403,887       $ 483           $ 367,663           $ 35,741          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
DRIP shares issued (in shares)             95                              
DRIP shares issued     $ 1,614       $ 3           $ 1,611                  
Stock-based compensation expense, net of forfeitures 2,511                   2,511                      
Dividends declared related to RSA, net of accrued dividends forfeited 0                   646           (646)          
Purchase of vested stock for employee payroll tax withholding (in shares)         (38)                                  
Purchase of vested stock for employee payroll tax withholding (826)                   (826)                      
Restricted stock awards (in shares)         286                                  
Restricted stock awards, net of forfeitures 0       $ 4           (4)                      
Issuance of stock (in shares)         107                                  
Issuance of stock 2,019       $ 2           2,017                      
Dividends declared common shares (66,158)                               (66,158)          
RIC tax reclassification 0                   (19,375)           19,375          
Dividends declared preferred shares 0                                          
Other comprehensive income (loss), net of tax 0                                          
Net investment income (loss) (6,476)                               (6,476)          
Net realized gain on investments 57,346                               57,346          
Net unrealized depreciation on investments (18,559)                               (18,559)          
Ending balance (in shares) at Dec. 31, 2022         24,609 24,609                                
Ending balance at Dec. 31, 2022 375,358 $ 375,358     $ 492 $ 492     $ 0   354,243 $ 354,243       $ 0 20,623 $ 20,623     $ 0  
Ending balance, preferred stock (in shares) at Dec. 31, 2022                 0                          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Change in presentation     0                   20,623           $ (20,623)      
Removal of fair value adjustments     (138,043)                   (138,043)                  
Consolidation of controlled investments       $ (57,859)           $ 245       $ (57,961)               $ (143)
Reassessment of deferred tax assets and liabilities     19,266                   19,266                  
DRIP shares issued (in shares)             16                              
DRIP shares issued     $ 216                   $ 216                  
Stock-based compensation expense, net of forfeitures 2,828                   2,828                      
Dividends declared related to RSA, net of accrued dividends forfeited (in shares)         16                                  
Dividends declared related to RSA, net of accrued dividends forfeited 0                   218                 $ (218)    
Purchase of vested stock for employee payroll tax withholding (in shares)         (17)                                  
Purchase of vested stock for employee payroll tax withholding (534)       $ (1)           (533)                      
Restricted stock awards (in shares)         52                                  
Restricted stock awards, net of forfeitures 1       $ 1                                  
ESPP issuances (in shares)         4                                  
ESPP issuances 56                   56                      
Issuance of stock (in shares)               20                            
Issuance of stock $ 20,000             $ 20,000                            
Dividends and distributions declared per common share (in dollars per share) $ 0.54                                          
Preferred stock issuance costs $ (507)             (507)                            
Dividends declared common shares $ (17,463)                                     (17,463)    
Dividends declared preferred shares (in dollars per share) $ 72.44                                          
Dividends declared preferred shares $ (1,454)                                     (1,454)    
Net income (loss) 47,329                                     47,329    
Other comprehensive income (loss), net of tax $ (148)                           $ (148)              
Ending balance (in shares) at Dec. 31, 2023 24,680       24,680                                  
Ending balance at Dec. 31, 2023 $ 249,046       $ 492     $ 19,738     200,913       (148)   $ 0     28,051    
Ending balance, preferred stock (in shares) at Dec. 31, 2023 20             20                            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Stock-based compensation expense, net of forfeitures $ 4,040                   4,040                      
Dividends declared related to RSA, net of accrued dividends forfeited (in shares)         33                                  
Dividends declared related to RSA, net of accrued dividends forfeited 0                   420                 (420)    
Purchase of vested stock for employee payroll tax withholding (in shares)         (25)                                  
Purchase of vested stock for employee payroll tax withholding (299)                   (299)                      
Restricted stock awards (in shares)         513                                  
Restricted stock awards, net of forfeitures 12       $ 12                                  
Retirement of common shares (in shares)         (30)                                  
Retirement of common shares (402)       $ (1)           (401)                      
ESPP issuances (in shares)         20                                  
ESPP issuances 227                   227                      
Issuance of stock (in shares)         1,100                                  
Issuance of stock $ 13,389       $ 23           13,366                      
Dividends and distributions declared per common share (in dollars per share) $ 0.38                                          
Dividends declared common shares $ (19,111)                                     (19,111)    
Dividends declared preferred shares (in dollars per share) $ 80.00                                          
Dividends declared preferred shares $ (1,600)                                     (1,600)    
Net income (loss) 50,853                                     50,853    
Other comprehensive income (loss), net of tax $ 127                           127              
Ending balance (in shares) at Dec. 31, 2024 26,291       26,291                                  
Ending balance at Dec. 31, 2024 $ 296,282       $ 526     $ 19,738     $ 218,266       $ (21)         $ 57,773    
Ending balance, preferred stock (in shares) at Dec. 31, 2024 20             20