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Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Investment Income:    
Total interest income $ 30,319 $ 28,138
Total payment-in-kind interest income 2,248 2,049
Total dividend income 1,231 397
Total fee income 2,127 2,359
Interest on idle funds 571 1,708
Total investment income 36,496 34,651
Expenses:    
Interest and financing expenses 6,773 6,012
Base management fee 4,922 4,432
Incentive fee - income 4,594 4,467
Incentive fee (reversal) - capital gains 287 499
Administrative service expenses 602 537
Professional fees 948 937
Other general and administrative expenses 206 229
Total expenses before base management fee waiver 18,332 17,113
Base management fee waiver (59) (69)
Total expenses, net of base management fee waiver 18,273 17,044
Net investment income before income taxes 18,223 17,607
Income tax provision (benefit) 1 (20)
Net investment income 18,222 17,627
Net realized and unrealized gains (losses) on investments:    
Total net realized gain (loss) on investments 13,330 1,743
Income tax (provision) benefit from realized gains on investments (1,850) 56
Total net change in unrealized appreciation (depreciation) on investments (9,793) 1,218
Net gain (loss) on investments 1,687 3,017
Realized losses on extinguishment of debt (251) (521)
Net increase (decrease) in net assets resulting from operations $ 19,658 $ 20,123
Per common share data:    
Net investment income per share-basic $ 0.53 $ 0.57
Net investment income per share-diluted 0.53 0.57
Net increase in net assets resulting from operations per share - basic 0.58 0.65
Net increase in net assets resulting from operations per share - diluted 0.58 0.65
Dividends declared per share $ 0.54 $ 0.65
Weighted average number of shares outstanding - basic 34,077,720 30,776,758
Weighted average number of shares outstanding - diluted 34,077,720 30,776,758
Control Investments    
Net realized and unrealized gains (losses) on investments:    
Total net realized gain (loss) on investments $ 0 $ 0
Total net change in unrealized appreciation (depreciation) on investments 0 0
Affiliate Investments    
Investment Income:    
Total interest income 1,094 869
Total dividend income 886 348
Total fee income 8 5
Net realized and unrealized gains (losses) on investments:    
Total net realized gain (loss) on investments 10,066 0
Total net change in unrealized appreciation (depreciation) on investments (6,890) (3,236)
Non-control/Non-affiliate Investments    
Investment Income:    
Total interest income 29,225 27,269
Total payment-in-kind interest income 2,248 2,049
Total dividend income 345 49
Total fee income 2,119 2,354
Net realized and unrealized gains (losses) on investments:    
Total net realized gain (loss) on investments 3,264 1,743
Total net change in unrealized appreciation (depreciation) on investments $ (2,903) $ 4,454