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Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Investment Income:        
Total interest income $ 28,313 $ 21,511 $ 80,436 $ 57,965
Total payment-in-kind interest income 2,789 413 4,661 1,327
Total dividend income 262 645 950 1,410
Total fee income 2,255 2,415 5,928 5,949
Interest on idle funds 566 8 1,824 12
Total investment income 34,185 24,992 93,799 66,663
Expenses:        
Interest and financing expenses 5,985 4,686 16,761 13,737
Base management fee 4,161 3,763 12,066 10,724
Incentive fee - income 4,478 3,047 11,959 5,283
Incentive fee (reversal) - capital gains 1,528 (258) 507 (593)
Administrative service expenses 581 480 1,672 1,412
Professional fees 587 339 2,044 1,546
Other general and administrative expenses 269 303 773 719
Total expenses before base management fee waiver 17,589 12,360 45,782 32,828
Base management fee waiver (72) (76) (216) (228)
Total expenses, net of base management fee waiver 17,517 12,284 45,566 32,600
Net investment income before income taxes 16,668 12,708 48,233 34,063
Income tax provision (benefit) 8 (11) 66 (2)
Net investment income 16,660 12,719 48,167 34,065
Net realized and unrealized gains (losses) on investments:        
Total net realized gain (loss) on investments 9,750 40,044 4,267 65,220
Income tax (provision) benefit from realized gains on investments (31)   (1,569) (121)
Total net change in unrealized appreciation (depreciation) on investments (2,057) (41,282) (139) (67,814)
Net gain (loss) on investments 7,662 (1,238) 2,559 (2,715)
Realized losses on extinguishment of debt (23) (53) (23) (251)
Stockholders' Equity, Period Increase (Decrease), Total $ 24,299 $ 11,428 $ 50,703 $ 31,099
Per common share data:        
Net investment income per share-basic $ 0.63 $ 0.52 $ 1.89 $ 1.39
Net investment income per share-diluted 0.63 0.52 1.89 1.39
Net increase in net assets resulting from operations per share - basic and diluted 0.91 0.47 1.99 1.27
Dividends declared per share $ 0.72 $ 0.86 $ 2.08 $ 1.82
Weighted average number of shares outstanding - basic 26,618,973 24,437,400 25,490,379 24,437,400
Weighted average number of shares outstanding - diluted 26,618,973 24,437,400 25,490,379 24,437,400
Control Investments        
Net realized and unrealized gains (losses) on investments:        
Total net realized gain (loss) on investments   $ 407 $ (11,458) $ 342
Total net change in unrealized appreciation (depreciation) on investments     11,083 (2,151)
Affiliate Investments        
Investment Income:        
Total interest income $ 1,011 892 3,168 2,433
Total payment-in-kind interest income       30
Total dividend income (1)   519 725
Total fee income 5 155 60 452
Net realized and unrealized gains (losses) on investments:        
Total net realized gain (loss) on investments 1 24,216 100 39,840
Total net change in unrealized appreciation (depreciation) on investments (4,507) (21,085) (9,109) (42,013)
Non-control/Non-affiliate Investments        
Investment Income:        
Total interest income 27,302 20,619 77,268 55,532
Total payment-in-kind interest income 2,789 413 4,661 1,297
Total dividend income 263 645 431 685
Total fee income 2,250 2,260 5,868 5,497
Net realized and unrealized gains (losses) on investments:        
Total net realized gain (loss) on investments 9,749 15,421 15,625 25,038
Total net change in unrealized appreciation (depreciation) on investments $ 2,450 $ (20,197) $ (2,113) $ (23,650)