XML 17 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Investment income      
Fee income $ 3,873 $ 3,063 $ 11,694
Total investment income 73,554 64,975 251,010
Operating expenses      
Management fees 6,864 6,676 26,856
Administrative services expense 1,092 837 3,971
Subordinated incentive fee on income 6,914 6,335 22,277
General and administrative 1,784 1,955 7,382
Interest expense 24,302 19,309 85,556
Total operating expenses 40,956 35,112 146,042
Net investment income before taxes 32,598 29,863 104,968
Income tax expense (benefit), including excise tax 5 5 (54)
Net investment income after taxes 32,593 29,858 105,022
Realized and unrealized (losses) gains      
Net realized losses (9,736) (4,525) (31,927)
Net realized losses (9,736) (4,525) (31,927)
Net change in unrealized (depreciation) appreciation (16,412) (56,378) 22,219
Net realized and unrealized losses (26,148) (60,903) (9,708)
Net increase (decrease) in net assets resulting from operations $ 6,445 $ (31,045) $ 95,314
Per share information—basic and diluted      
Net increase (decrease) in net assets per share resulting from operations (in dollars per share) $ 0.12 $ (0.56) $ 1.74
Net investment income per share (in dollars per share) $ 0.60 $ 0.54 $ 1.92
Weighted average shares of common stock outstanding - basic (in shares) 53,960,698 55,109,482 54,685,327
Weighted average shares of common stock outstanding - diluted (in shares) 53,960,698 55,109,482 54,685,327
Non-controlled, non-affiliated investments      
Investment income      
Interest income $ 55,372 $ 42,768 $ 184,013
Paid-in-kind interest income 7,049 4,831 22,317
Fee income 3,873 1,143 7,871
Dividend income 0 0 210
Realized and unrealized (losses) gains      
Net realized losses (9,736) (4,525) (31,927)
Net change in unrealized (depreciation) appreciation (6,517) (41,086) 15,658
Non-controlled, affiliated investments      
Investment income      
Interest income 1,519 2,474 7,068
Paid-in-kind interest income 2,482 1,731 8,372
Fee income 0 1,920 2,432
Dividend income 27 3,881 3,946
Realized and unrealized (losses) gains      
Net realized losses 0 0 0
Net realized losses 0   0
Net change in unrealized (depreciation) appreciation (6,246) (10,290) (7,335)
Controlled investments      
Investment income      
Interest income 3,232 1,977 8,090
Paid-in-kind interest income 0 0 1,050
Fee income 0 0 1,391
Dividend income 0 4,250 4,250
Realized and unrealized (losses) gains      
Net realized losses 0 0 0
Net realized losses 0   0
Net change in unrealized (depreciation) appreciation $ (3,649) $ (5,002) $ 13,896