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Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Investment income    
PIK interest income $ 9,654 $ 9,023
Non-cash dividend income 7,424 6,501
Total investment income 90,556 91,953
Expenses    
Interest and other financing expenses 31,016 30,796
Management fee 10,997 11,638
Incentive fee 9,389 9,597
Professional fees 1,067 965
Administrative expenses 968 1,048
Other general and administrative expenses 465 488
Total expenses 53,902 54,532
Less: management fee waived (See Note 5) (901) (1,063)
Net expenses 53,001 53,469
Net investment income before income taxes 37,555 38,484
Income tax expense 1 96
Net investment income 37,554 38,388
Net realized (losses) gains:    
Investments (11,827) 665
Foreign currency 0 12
Net change in unrealized appreciation (depreciation):    
Investments 3,017 5,852
Foreign currency (23) 26
Provision for taxes (637) (131)
Net realized and unrealized (losses) gains (9,470) 6,424
Net increase in net assets resulting from operations 28,084 44,812
Less: Net increase in net assets resulting from operations related to non-controlling interest in New Mountain Net Lease Corporation (676) (239)
Net increase in net assets resulting from operations related to New Mountain Finance Corporation $ 27,408 $ 44,573
Basic earnings per share (in dollars per share) $ 0.26 $ 0.44
Weighted average shares of common stock outstanding - basic (in shares) 103,660,370,000 100,937,026
Diluted earnings per share (in dollars per share) $ 0.26 $ 0.40
Weighted average shares of common stock outstanding - diluted (in shares) 122,443,478,000 123,591,432
Distributions declared per share (in dollars per share) $ 0.36 $ 0.32
Distributions paid per share (in dollars per share) $ 0.36 $ 0.32
Non-controlled/Non-affiliated    
Investment income    
Interest income (excluding Payment-in-kind ("PIK") interest income) $ 56,237 $ 60,758
PIK interest income 4,683 3,944
Dividend income 293 47
Non-cash dividend income 4,684 4,166
Other income 1,600 1,918
Net realized (losses) gains:    
Investments (11,858) (1,308)
Net change in unrealized appreciation (depreciation):    
Investments 23,160 (2,929)
Non-controlled/Affiliated    
Investment income    
Interest income (excluding Payment-in-kind ("PIK") interest income) 368 9
PIK interest income 836 691
Non-cash dividend income 1,244 1,105
Other income 63 63
Net change in unrealized appreciation (depreciation):    
Investments (22,463) (16)
Controlled    
Investment income    
Interest income (excluding Payment-in-kind ("PIK") interest income) 1,361 1,444
PIK interest income 4,135 4,388
Dividend income 12,683 10,995
Non-cash dividend income 1,496 1,230
Other income 873 1,195
Net realized (losses) gains:    
Investments 31 1,973
Net change in unrealized appreciation (depreciation):    
Investments $ 2,320 $ 8,797