XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Investment Income:        
Total interest income $ 26,167 $ 19,373 $ 52,123 $ 36,454
Total payment-in-kind interest income 1,235 367 1,872 914
Total dividend income 304 76 688 765
Total fee income 2,237 1,336 3,673 3,534
Interest on idle funds 615 1 1,258 4
Total investment income 30,558 21,153 59,614 41,671
Expenses:        
Interest and financing expenses 5,591 4,639 10,776 9,051
Base management fee 4,051 3,618 7,905 6,961
Incentive fee - income 3,834 1,183 7,481 2,236
Incentive fee (reversal) - capital gains (1,174) (605) (1,021) (335)
Administrative service expenses 618 510 1,091 932
Professional fees 641 290 1,457 805
Other general and administrative expenses 264 531 504 818
Total expenses before base management fee waiver 13,825 10,166 28,193 20,468
Base management fee waiver (72) (76) (144) (152)
Total expenses, net of base management fee waiver 13,753 10,090 28,049 20,316
Net investment income before income taxes 16,805 11,063 31,565 21,355
Income tax provision (benefit) 21 55 58 9
Net investment income 16,784 11,008 31,507 21,346
Net realized and unrealized gains (losses) on investments:        
Total net realized gain (loss) on investments (5,541) 18,308 (5,483) 25,176
Income tax (provision) benefit from realized gains on investments (1,538) (122) (1,538) (121)
Total net change in unrealized appreciation (depreciation) on investments 1,210 (21,213) 1,918 (26,532)
Net gain (loss) on investments (5,869) (3,027) (5,103) (1,477)
Realized losses on extinguishment of debt       (198)
Stockholders' Equity, Period Increase (Decrease), Total $ 10,915 $ 7,981 $ 26,404 $ 19,671
Per common share data:        
Net investment income per share-basic $ 0.67 $ 0.45 $ 1.26 $ 0.87
Net investment income per share-diluted 0.67 0.45 1.26 0.87
Net increase in net assets resulting from operations per share - basic and diluted 0.44 0.33 1.06 0.8
Dividends declared per share $ 0.7 $ 0.43 $ 1.36 $ 0.96
Weighted average number of shares outstanding - basic 25,028,268 24,437,400 24,916,729 24,437,400
Weighted average number of shares outstanding - diluted 25,028,268 24,437,400 24,916,729 24,437,400
Control Investments        
Net realized and unrealized gains (losses) on investments:        
Total net realized gain (loss) on investments $ (11,458) $ (204) $ (11,458) $ (65)
Total net change in unrealized appreciation (depreciation) on investments 11,083 (2,151) 11,083 (2,151)
Affiliate Investments        
Investment Income:        
Total interest income 1,107 657 2,157 1,541
Total payment-in-kind interest income       30
Total dividend income 172 69 520 725
Total fee income 50 160 55 297
Net realized and unrealized gains (losses) on investments:        
Total net realized gain (loss) on investments 99 15,300 99 15,624
Total net change in unrealized appreciation (depreciation) on investments (2,113) (15,049) (4,602) (20,928)
Non-control/Non-affiliate Investments        
Investment Income:        
Total interest income 25,060 18,716 49,966 34,913
Total payment-in-kind interest income 1,235 367 1,872 884
Total dividend income 132 7 168 40
Total fee income 2,187 1,176 3,618 3,237
Net realized and unrealized gains (losses) on investments:        
Total net realized gain (loss) on investments 5,818 3,212 5,876 9,617
Total net change in unrealized appreciation (depreciation) on investments $ (7,760) $ (4,013) $ (4,563) $ (3,453)