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Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Investment income        
PIK interest income $ 9,050 $ 7,917 $ 27,735 $ 24,807
Non-cash dividend income 8,319 6,988 23,484 20,225
Total investment income 95,327 94,349 280,471 281,794
Expenses        
Interest and other financing expenses 37,661 31,425 101,790 93,921
Management fee 11,700 11,334 34,048 34,549
Incentive fee 8,821 10,169 27,760 29,748
Administrative expenses 1,059 995 3,135 2,996
Professional fees 1,019 850 3,213 2,818
Other general and administrative expenses 531 542 1,523 1,543
Total expenses 60,791 55,315 171,469 165,575
Less: management fee waived (See Note 5) (970) (1,013) (2,732) (3,172)
Net expenses 59,821 54,302 168,737 162,403
Net investment income before income taxes 35,506 40,047 111,734 119,391
Income tax expense (benefit) 118 (627) 353 401
Net investment income 35,388 40,674 111,381 118,990
Net realized (losses) gains:        
Investments     (43,524) 7,904
Foreign currency (1,455) 0 (1,455) 13
Net change in unrealized appreciation (depreciation):        
Investments     23,368 (18,340)
Securities purchased under collateralized agreements to resell 0 0 (3,000) (39)
Foreign currency 1,690 (60) 1,796 (5)
(Provision) benefit for taxes (1,037) 291 (1,804) 66
Net realized and unrealized losses (11,494) (11,975) (24,619) (10,401)
Net increase in net assets resulting from operations 23,894 28,699 86,762 108,589
Less: Net increase in net assets resulting from operations related to non-controlling interest in New Mountain Net Lease Corporation (5) (3) (994) (490)
Net increase in net assets resulting from operations related to New Mountain Finance Corporation $ 23,889 $ 28,696 $ 85,768 $ 108,099
Basic earnings per share (in dollars per share) $ 0.22 $ 0.28 $ 0.81 $ 1.07
Weighted average shares of common stock outstanding - basic (in shares) 107,851,415 100,954,898 106,140,789 100,943,049
Diluted earnings per share (in dollars per share) $ 0.22 $ 0.27 $ 0.78 $ 0.98
Weighted average shares of common stock outstanding - diluted (in shares) 126,779,819 123,183,269 125,000,872 124,595,709
Distributions declared per share (in dollars per share) $ 0.34 $ 0.36 $ 1.04 $ 1.03
Distributions paid per share (in dollars per share) $ 0.34 $ 0.36 $ 1.04 $ 1.03
Non-controlled/Non-affiliated        
Investment income        
Interest income (excluding Payment-in-kind ("PIK") interest income) $ 61,788 $ 63,892 $ 175,608 $ 189,299
PIK interest income 4,340 4,061 13,460 11,772
Dividend income 185 49 2,762 143
Non-cash dividend income 5,077 4,458 14,558 12,929
Other income 1,454 791 6,345 3,395
Net realized (losses) gains:        
Investments (75) 113 (46,899) (8,509)
Net change in unrealized appreciation (depreciation):        
Investments 419 12,419 56,474 11,664
Non-controlled/Affiliated        
Investment income        
Interest income (excluding Payment-in-kind ("PIK") interest income) 349 884 1,093 1,576
PIK interest income 971 265 2,680 1,370
Non-cash dividend income 1,593 1,173 4,211 3,417
Other income 63 63 188 189
Net change in unrealized appreciation (depreciation):        
Investments (7,853) (14,815) (34,396) (14,830)
Controlled        
Investment income        
Interest income (excluding Payment-in-kind ("PIK") interest income) 1,651 1,351 4,395 4,038
PIK interest income 3,739 3,591 11,595 11,665
Dividend income 11,789 11,041 36,812 34,179
Non-cash dividend income 1,649 1,357 4,715 3,879
Other income 679 1,373 2,049 3,943
Net realized (losses) gains:        
Investments (456) 4,560 3,375 16,413
Net change in unrealized appreciation (depreciation):        
Investments (4,260) (14,483) (243) (15,174)
New Mountain Net Lease Corporation        
Net change in unrealized appreciation (depreciation):        
Investments $ 1,533 $ 0 $ 1,533 $ 0