XML 18 R4.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Investment Income:      
Total interest income $ 82,344 $ 73,078 $ 73,495
Total payment-in-kind interest income 1,663 4,294 4,660
Total dividend income 1,614 2,635 2,467
Total fee income 7,982 10,431 4,492
Interest on idle funds 534 8 9
Total investment income 94,137 90,446 85,123
Expenses:      
Interest and financing expenses 18,665 19,164 19,678
Base management fee 14,568 12,874 12,932
Incentive fee - income 8,318 10,266 8,952
Incentive fee (reversal) - capital gains (432) 18,196 (1,684)
Administrative service expenses 1,902 1,719 1,720
Professional fees 2,463 1,899 2,622
Other general and administrative expenses 994 875 816
Total expenses before base management and income incentive fee waivers 46,478 64,993 45,036
Base management and income incentive fee waivers (302) (176) (423)
Total expenses, net of base management and incentive fee waivers 46,176 64,817 44,613
Net investment income before income taxes 47,961 25,629 40,510
Income tax provision (benefit) 1,412 509 862
Net investment income 46,549 25,120 39,648
Net realized and unrealized gains (losses) on investments:      
Total net realized gain (loss) on investments 65,635 55,808 (968)
Income tax (provision) benefit from realized gains on investments (1,841) (2,057) (577)
Income tax (provision) from deemed distribution of long term capital gains (8,568)    
Total net change in unrealized appreciation (depreciation) on investments (65,702) 41,496 (6,578)
Net gain (loss) on investments, including income tax (provision) benefit (10,476) 95,247 (8,123)
Realized losses on extinguishment of debt (251) (4,263) (299)
Net increase (decrease) in net assets resulting from operations $ 35,822 $ 116,104 $ 31,226
Per common share data:      
Net investment income per share-basic $ 1.90 $ 1.03 $ 1.62
Net investment income per share-diluted 1.90 1.03 1.62
Net increase in net assets resulting from operations per share - basic and diluted 1.46 4.75 1.28
Dividends declared per share $ 2.00 $ 1.60 $ 1.33
Weighted average number of shares outstanding - basic 24,468,172 24,437,400 24,442,431
Weighted average number of shares outstanding - diluted 24,468,172 24,437,400 24,442,431
Control Investments      
Investment Income:      
Total interest income   $ 3,735 $ 1,889
Total payment-in-kind interest income   2,117 1,748
Total dividend income   568  
Total fee income   1,872  
Net realized and unrealized gains (losses) on investments:      
Total net realized gain (loss) on investments $ 48 20,521  
Total net change in unrealized appreciation (depreciation) on investments (13,233) 34 1,182
Affiliate Investments      
Investment Income:      
Total interest income 3,464 2,695 3,511
Total payment-in-kind interest income 30 368 287
Total dividend income 725 1,172 837
Total fee income 457 385 120
Net realized and unrealized gains (losses) on investments:      
Total net realized gain (loss) on investments 39,833 124 24,655
Total net change in unrealized appreciation (depreciation) on investments (35,979) 32,207 (15,669)
Non-control/Non-affiliate Investments      
Investment Income:      
Total interest income 78,880 66,648 68,095
Total payment-in-kind interest income 1,633 1,809 2,625
Total dividend income 889 895 1,630
Total fee income 7,525 8,174 4,372
Net realized and unrealized gains (losses) on investments:      
Total net realized gain (loss) on investments 25,754 35,163 (25,623)
Total net change in unrealized appreciation (depreciation) on investments $ (16,490) $ 9,255 $ 7,909