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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Investment income      
Fee income $ 3,063 $ 1,442 $ 9,544
Total investment income 64,975 41,683 194,898
Operating expenses      
Management fees 6,676 6,655 27,361
Administrative services expense 837 720 3,348
Subordinated incentive fee on income 6,335 4,133 18,710
General and administrative 1,955 2,222 7,278
Interest expense 19,309 8,459 49,624
Total operating expenses 35,112 22,189 106,321
Net investment income before taxes 29,863 19,494 88,577
Income tax expense, including excise tax 5 11 372
Net investment income after taxes 29,858 19,483 88,205
Realized and unrealized (losses) gains      
Net realized losses (4,525) (69) (32,747)
Foreign currency 0 0 (3)
Net realized losses (4,525) (69) (32,750)
Net change in unrealized depreciation (56,378) (11,525) (5,314)
Net realized and unrealized losses (60,903) (11,594) (38,064)
Net (decrease) increase in net assets resulting from operations $ (31,045) $ 7,889 $ 50,141
Per share information—basic and diluted      
Net (decrease) increase in net assets per share resulting from operations (in dollars per share) $ (0.56) $ 0.14 $ 0.89
Net investment income per share (in dollars per share) $ 0.54 $ 0.34 $ 1.56
Weighted average shares of common stock outstanding - basic (in shares) 55,109,482 56,958,440 56,556,510
Weighted average shares of common stock outstanding - diluted (in shares) 55,109,482 56,958,440 56,556,510
Non-controlled, non-affiliated investments      
Investment income      
Interest income $ 42,768 $ 30,994 $ 140,560
Paid-in-kind interest income 4,831 4,606 22,737
Fee income 1,143 949 9,019
Dividend income 0 46 103
Realized and unrealized (losses) gains      
Net realized losses (4,525) 28 (11,217)
Net change in unrealized depreciation (41,086) (7,495) (19,807)
Non-controlled, affiliated investments      
Investment income      
Interest income 2,474 1,023 5,865
Paid-in-kind interest income 1,731 1,445 6,204
Fee income 1,920 493 525
Dividend income 3,881 0 79
Realized and unrealized (losses) gains      
Net realized losses 0 (97) (21,530)
Net realized losses 0   (21,530)
Net change in unrealized depreciation (10,290) (3,780) 13,523
Controlled investments      
Investment income      
Interest income 1,977 2,127 6,049
Paid-in-kind interest income 0 0 2,482
Dividend income 4,250 0 1,275
Realized and unrealized (losses) gains      
Net realized losses 0   0
Net change in unrealized depreciation $ (5,002) $ (250) $ 970