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Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Investment income        
PIK interest income $ 6,193 $ 5,699 $ 21,993 $ 17,067
Non-cash dividend income 5,995 3,705 16,338 14,738
Total investment income 78,449 68,474 220,522 202,743
Expenses        
Incentive fee 8,202 7,661 23,605 22,207
Management fee 11,717 13,740 35,040 40,885
Interest and other financing expenses 24,648 17,693 63,957 54,949
Administrative expenses 881 1,082 3,022 3,240
Professional fees 775 923 2,529 2,413
Other general and administrative expenses 545 490 1,540 1,398
Total expenses 46,768 41,589 129,693 125,092
Less: management fee waived (See Note 5) (1,115) (3,752) (3,349) (11,193)
Less: expenses waived and reimbursed (See Note 5) 0 0 (238) 0
Net expenses 45,653 37,837 126,106 113,899
Net investment income before income taxes 32,796 30,637 94,416 88,844
Income tax (benefit) expense (13) (8) (5) 15
Net investment income 32,809 30,645 94,421 88,829
Net realized (losses) gains:        
Investments     35,468 12,692
Foreign currency (166) 0 219 0
Net change in unrealized (depreciation) appreciation:        
Investments     (67,634) 52,544
Securities purchased under collateralized agreements to resell 0 0 (2,021) 0
Foreign currency (10) (13) (625) (13)
Benefit (provision) for taxes 30 1 (127) (114)
Net realized and unrealized (losses) gains (25,295) (7,740) (34,720) 65,109
Net increase in net assets resulting from operations 7,514 22,905 59,701 153,938
Less: Net decrease (increase) in net assets resulting from operations related to non-controlling interest in New Mountain Net Lease Corporation 191 (1,058) 150 (4,789)
Net increase in net assets resulting from operations related to New Mountain Finance Corporation $ 7,705 $ 21,847 $ 59,851 $ 149,149
Basic earnings per share (in dollars per share) $ 0.08 $ 0.23 $ 0.60 $ 1.54
Weighted average shares of common stock outstanding - basic (in shares) 100,830,075 96,906,988 99,955,432 96,854,474
Diluted earnings per share (in dollars per share) $ 0.08 $ 0.22 $ 0.59 $ 1.42
Weighted average shares of common stock outstanding - diluted (in shares) 114,087,660 110,164,573 113,213,017 110,112,059
Distributions declared per share (in dollars per share) $ 0.30 $ 0.30 $ 0.90 $ 0.90
Distributions paid per share (in dollars per share) $ 0.30 $ 0.30 $ 0.90 $ 0.90
Non-controlled/Non-affiliated        
Investment income        
Interest income (excluding Payment-in-kind ("PIK") interest income) $ 49,401 $ 40,540 $ 127,934 $ 119,919
PIK interest income 2,688 1,903 8,924 6,501
Dividend income 9 867 144 867
Non-cash dividend income 3,837 1,956 10,111 7,324
Other income 1,517 5,249 7,435 9,651
Net realized (losses) gains:        
Investments (239) 2,459 (903) 2,797
Net change in unrealized (depreciation) appreciation:        
Investments (31,944) (19,951) (56,975) (22,601)
Non-controlled/Affiliated        
Investment income        
Interest income (excluding Payment-in-kind ("PIK") interest income) 270 296 788 1,322
PIK interest income 264 182 773 182
Dividend income 0 288 0 288
Non-cash dividend income 1,042 831 3,036 3,881
Other income 62 79 187 284
Net realized (losses) gains:        
Investments 0 20,549 0 8,338
Net change in unrealized (depreciation) appreciation:        
Investments (13,381) (20,469) 377 44,545
Controlled        
Investment income        
Interest income (excluding Payment-in-kind ("PIK") interest income) 2,914 1,253 6,285 3,570
PIK interest income 3,241 3,614 12,296 10,384
Dividend income 9,867 9,686 32,183 31,278
Non-cash dividend income 1,116 918 3,191 3,533
Other income 2,221 812 7,235 3,759
Net realized (losses) gains:        
Investments 17 0 36,371 1,557
Net change in unrealized (depreciation) appreciation:        
Investments $ 20,398 $ 9,684 $ (11,036) $ 30,600