XML 17 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Investment income          
Fee income $ 2,342 $ 1,631 $ 6,215 $ 4,694 $ 11,694
Total investment income 61,357 58,496 134,911 123,471 251,010
Operating expenses          
Management fees 6,841 6,546 13,705 13,222 26,856
Administrative services expense 1,246 910 2,338 1,747 3,971
Subordinated incentive fee on income     11,785 11,300 22,277
General and administrative 1,659 2,074 3,443 4,029 7,382
Interest expense 23,773 20,467 48,075 39,776 85,556
Total operating expenses 38,390 34,962 79,346 70,074 146,042
Net investment income before taxes 22,967 23,534 55,565 53,397 104,968
Income tax expense (benefit), including excise tax 4 118 9 123 (54)
Net investment income after taxes 22,963 23,416 55,556 53,274 105,022
Realized and unrealized gains (losses)          
Net realized losses on investments (20,277) (18,928) (30,013) (23,453) (31,927)
Net realized losses (20,277) (18,928) (30,013) (23,453) (31,927)
Net change in unrealized appreciation (depreciation) 19,692 23,406 3,280 (32,972) 22,219
Net realized and unrealized (losses) gains (585) 4,478 (26,733) (56,425) (9,708)
Net increase (decrease) in net assets resulting from operations $ 22,378 $ 27,894 $ 28,823 $ (3,151) $ 95,314
Per share information—basic and diluted          
Net increase (decrease) in net assets per share resulting from operations (in dollars per share) $ 0.42 $ 0.51 $ 0.54 $ (0.06) $ 1.74
Net investment income per share (in dollars per share) $ 0.43 $ 0.43 $ 1.03 $ 0.97 $ 1.92
Weighted average shares of common stock outstanding - basic (in shares) 53,595,624 54,788,740 53,778,161 54,948,225 54,685,327
Weighted average shares of common stock outstanding - diluted (in shares) 53,595,624 54,788,740 53,778,161 54,948,225 54,685,327
Non-controlled, non-affiliated investments          
Investment income          
Interest income $ 38,512 $ 47,117 $ 93,884 $ 89,885 $ 184,013
Paid-in-kind interest income 7,236 4,297 14,285 9,128 22,317
Fee income 1,338 1,154 5,211 2,297 7,871
Dividend income 5,139 0 5,139 0 210
Realized and unrealized gains (losses)          
Net realized losses on investments (13,186) (18,928) (22,922) (23,453) (31,927)
Net change in unrealized appreciation (depreciation) 1,417 23,396 (5,100) (17,690) 15,658
Non-controlled, affiliated investments          
Investment income          
Interest income 2,383 1,734 3,902 4,208 7,068
Paid-in-kind interest income 2,569 1,751 5,051 3,482 8,372
Fee income 704 477 704 2,397 2,432
Dividend income 13 52 40 3,933 3,946
Realized and unrealized gains (losses)          
Net realized losses on investments (7,091) 0 (7,091) 0 0
Net realized losses     (7,091)   0
Net change in unrealized appreciation (depreciation) 23,202 595 16,956 (9,695) (7,335)
Controlled investments          
Investment income          
Interest income 3,163 1,914 6,395 3,891 8,090
Paid-in-kind interest income 0 0 0 0 1,050
Fee income 300 0 300 0 1,391
Dividend income 0 0 0 4,250 4,250
Realized and unrealized gains (losses)          
Net realized losses on investments 0 0 0 0 0
Net realized losses     0   0
Net change in unrealized appreciation (depreciation) $ (4,927) $ (585) $ (8,576) $ (5,587) $ 13,896