XML 16 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Investment income          
Fee income $ 3,532 $ 4,561 $ 8,226 $ 8,570 $ 9,544
Total investment income 67,540 54,163 191,011 139,398 194,898
Operating expenses          
Management fees 6,741 6,942 19,963 20,436 27,361
Administrative services expense 996 733 2,743 2,234 3,348
General and administrative 1,931 2,027 5,960 5,961 7,278
Interest expense 21,757 13,469 61,533 32,769 49,624
Total operating expenses 37,787 28,592 107,861 75,045 106,321
Net investment income before taxes 29,753 25,571 83,150 64,353 88,577
Income tax (benefit) expense, including excise tax (237) 14 (114) 25 372
Net investment income after taxes 29,990 25,557 83,264 64,328 88,205
Realized and unrealized gains (losses)          
Net realized (losses) gains (8,123) (17,166) (31,576) (17,055) (32,747)
Foreign currency 0 (3) 0 (3) (3)
Net realized losses (8,123) (17,169) (31,576) (17,058) (32,750)
Net change in unrealized appreciation (depreciation) 25,606 25,595 (7,366) (6,664) (5,314)
Net realized and unrealized gains (losses) 17,483 8,426 (38,942) (23,722) (38,064)
Net increase in net assets resulting from operations $ 47,473 $ 33,983 $ 44,322 $ 40,606 $ 50,141
Per share information—basic and diluted          
Net increase in net assets per share resulting from operations (in dollars per share) $ 0.87 $ 0.60 $ 0.81 $ 0.71 $ 0.89
Net investment income per share (in dollars per share) $ 0.55 $ 0.45 $ 1.52 $ 1.13 $ 1.56
Weighted average shares of common stock outstanding - basic (in shares) 54,561,367 56,816,992 54,817,855 56,910,773 56,556,510
Weighted average shares of common stock outstanding - diluted (in shares) 54,561,367 56,816,992 54,817,855 56,910,773 56,556,510
CIM, Incentive fee          
Operating expenses          
Subordinated incentive fee on income     $ 17,662 $ 13,645  
CIM, Incentive fee | Related Party          
Operating expenses          
Subordinated incentive fee on income $ 6,362 $ 5,421 17,662 13,645 $ 18,710
Non-controlled, non-affiliated investments          
Investment income          
Interest income 51,032 37,336 140,917 100,079 140,560
Paid-in-kind interest income 6,608 6,876 15,736 16,095 22,737
Fee income 2,447 4,542 4,744 8,045 9,019
Dividend income 82 57 82 103 103
Realized and unrealized gains (losses)          
Net realized (losses) gains (8,123) 4,267 (31,576) 4,475 (11,217)
Net change in unrealized appreciation (depreciation) 26,298 (669) 8,608 (25,646) (19,807)
Non-controlled, affiliated investments          
Investment income          
Interest income 1,341 1,949 5,549 4,517 5,865
Paid-in-kind interest income 2,471 1,174 5,953 3,493 6,204
Fee income 35 19 2,432 525 525
Dividend income 13 13 3,946 66 79
Realized and unrealized gains (losses)          
Net realized (losses) gains 0 (21,433) 0 (21,530) (21,530)
Net realized losses     0   (21,530)
Net change in unrealized appreciation (depreciation) 559 18,966 (9,136) 13,609 13,523
Controlled investments          
Investment income          
Interest income 1,413 2,197 5,304 6,066 6,049
Paid-in-kind interest income 1,048 0 1,048 409 2,482
Fee income 1,050 0 1,050 0 0
Dividend income 0 0 4,250 0 1,275
Realized and unrealized gains (losses)          
Net realized losses     0   0
Net change in unrealized appreciation (depreciation) $ (1,251) $ 7,298 $ (6,838) $ 5,373 $ 970