XML 58 R47.htm IDEA: XBRL DOCUMENT v3.25.3
Note 7 - Borrowings (Details Textual)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 04, 2025
USD ($)
May 23, 2025
USD ($)
Apr. 25, 2025
Apr. 17, 2025
Oct. 17, 2024
USD ($)
Jun. 21, 2024
USD ($)
Jun. 20, 2024
Jun. 19, 2024
May 24, 2023
USD ($)
Sep. 30, 2025
USD ($)
$ / shares
shares
Sep. 30, 2024
USD ($)
$ / shares
Sep. 30, 2025
USD ($)
$ / shares
shares
Sep. 30, 2024
USD ($)
$ / shares
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
$ / shares
Jun. 29, 2023
USD ($)
Nov. 09, 2022
USD ($)
Jun. 15, 2022
USD ($)
$ / shares
Mar. 30, 2021
USD ($)
$ / shares
Apr. 21, 2020
USD ($)
Asset Coverage to Borrowings, Ratio, Percent                       174.00%                
Restricted Investments                   $ 2,417   $ 2,417   $ 3,338            
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net                   4,719   4,719   4,174            
Long-Term Debt, Gross                   428,750   428,750   472,078            
Debt Instrument, Face Amount                   $ 757,750   757,750   $ 716,078            
Proceeds from Convertible Debt                       $ 40,000 $ 0              
Share Price (in dollars per share) | $ / shares                   $ 6.1 $ 10.65 $ 6.1 $ 10.65 $ 8.99 $ 13.17          
Debt Conversion, Original Debt, Amount                       $ 17,250 $ 0              
Debt Instrument, Convertible, Accelerated Unamortized Debt Issuance Costs                   $ 400   1,200                
Conversion of 2031 Notes Into Common Stock [Member]                                        
Debt Conversion, Original Debt, Amount                   $ 4,800   $ 17,300                
Debt Conversion, Converted Instrument, Shares Issued (in shares) | shares                   643,043   2,264,546                
Debt Instrument, Convertible, Weighted Average Conversion Price (in dollars per share) | $ / shares                   $ 7.43   $ 7.69                
Key Facility [Member]                                        
Line of Credit Facility, Maximum Borrowing Capacity, Accordian Feature                               $ 150,000        
Line of Credit Facility, Maximum Borrowing Capacity                               $ 300,000        
Line of Credit Facility, Advance Rate of Eligible Debt Investments                               60.00%        
Long-Term Debt, Weighted Average Interest Rate, over Time                   7.56% 8.53% 7.59% 8.67%              
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage                       0.75%                
Line of Credit Facility, Current Borrowing Capacity                   $ 150,000   $ 150,000   $ 150,000            
Line of Credit Facility, Remaining Borrowing Capacity                   42,000   42,000   24,800            
Long-Term Debt, Gross                   0   0   0            
Debt Instrument, Face Amount                   $ 150,000   $ 150,000   $ 150,000            
Key Facility [Member] | Prime Rate [Member]                                        
Debt Instrument, Basis Spread on Variable Rate             0.10% 0.25%                        
Debt Instrument, Variable Rate                   7.25%   7.25%   7.50%            
NYL Facility [Member]                                        
Line of Credit Facility, Maximum Borrowing Capacity                 $ 250,000                     $ 100,000
Line of Credit Facility, Current Borrowing Capacity                   $ 69,000   $ 69,000   $ 69,000            
Line of Credit Facility, Remaining Borrowing Capacity                   8,900   8,900   8,400            
Line of Credit Facility, Maximum Borrowing Capacity, Accordion Feature                                       $ 200,000
Line of Credit Facility, Advance Rate                                       67.00%
Line of Credit Facility, Change in Maximum Borrowing Capacity                 $ 50,000                      
Debt Instrument, Interest Rate, Stated Percentage                 4.60%                      
Long-Term Line of Credit                   $ 181,000   $ 181,000   $ 181,000            
Line of Credit Facility, Interest Rate at Period End                   6.57%   6.57%   6.43%            
Restricted Investments                   $ 1,400   $ 1,400   $ 1,400            
Long-Term Debt, Gross                   181,000   181,000   181,000            
Debt Instrument, Face Amount                   250,000   250,000   250,000            
NYL Facility [Member] | Three Year I Curve [Member]                                        
Debt Instrument, Basis Spread on Variable Rate     2.95%                                  
Nuveen Facility [Member]                                        
Line of Credit Facility, Maximum Borrowing Capacity, Accordian Feature           $ 200,000                            
Line of Credit Facility, Maximum Borrowing Capacity   $ 200,000       $ 100,000                            
Line of Credit Facility, Current Borrowing Capacity                   110,000   110,000   25,000            
Line of Credit Facility, Remaining Borrowing Capacity                   600   600   9,900            
Line of Credit Facility, Advance Rate           67.50%                            
Line of Credit Facility, Change in Maximum Borrowing Capacity   $ 100,000                                    
Long-Term Line of Credit                   $ 90,000   $ 90,000   $ 75,000            
Line of Credit Facility, Interest Rate at Period End                   7.21%   7.21%   7.38%            
Restricted Investments                   $ 1,100   $ 1,100   $ 1,000            
Long-Term Debt, Gross                   90,000   90,000   75,000            
Debt Instrument, Face Amount                   200,000   200,000   100,000            
Nuveen Facility [Member] | Selected Interest Rates (Daily) [Member]                                        
Debt Instrument, Basis Spread on Variable Rate   2.95%       3.15%                            
Asset-backed Notes 2022 [Member]                                        
Debt Instrument, Interest Rate, Stated Percentage                                 7.56%      
Restricted Investments                           1,000            
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net                   900   900                
Long-Term Debt, Gross                   0   0   81,078            
Debt Instrument, Face Amount                   0   0   81,078     $ 157,800      
The 2026 Notes [Member]                                        
Debt Instrument, Interest Rate, Stated Percentage                                     4.875%  
Long-Term Debt, Gross                   57,500   57,500   57,500            
Debt Instrument, Face Amount                   57,500   57,500   57,500         $ 57,500  
The 2026 Notes Underwriter Option [Member]                                        
Debt Instrument, Face Amount                                     $ 7,500  
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ / shares                                     $ 25  
The 2027 Notes [Member]                                        
Debt Instrument, Interest Rate, Stated Percentage                                   6.25%    
Long-Term Debt, Gross                   57,500   57,500   57,500            
Debt Instrument, Face Amount                   57,500   57,500   57,500       $ 50,000    
The 2027 Notes Underwriter Option [Member]                                        
Debt Instrument, Face Amount                                   $ 7,500    
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ / shares                                   $ 25    
The 2031 Convertible Notes [Member]                                        
Debt Instrument, Interest Rate, Stated Percentage         7.125%                              
Long-Term Debt, Gross                   2,750   2,750   20,000            
Debt Instrument, Face Amount         $ 20,000         $ 2,750   $ 2,750   20,000            
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ / shares                   $ 6.75   $ 6.75                
Proceeds from Convertible Debt         $ 18,600                              
Debt Instrument, Maturity Date         Oct. 17, 2031                              
Debt Instrument, Interest Rate, Increase From Failure to Maintain Investment Rating         1.00%                              
Debt Instrument, Interest Rate, Increase From Default         2.00%                              
Debt Instrument, Redemption Price, Percentage       100.00% 100.00%                              
Debt Instrument, Convertible, Threshold Consecutive Trading Days                   5   5                
Debt Instrument, Convertible, Number of Equity Instruments                       407,407                
Debt Instrument, Convertible, Maximum Beneficial Ownership Percentage         4.99%                              
Convertible Debt                   $ 2,800 $ 0 $ 2,800 $ 0 20,000            
The 2030 Convertible Notes [Member]                                        
Debt Instrument, Interest Rate, Stated Percentage 5.50%                                      
Long-Term Debt, Gross                   40,000   40,000   0            
Debt Instrument, Face Amount $ 40,000                 $ 40,000   $ 40,000   0            
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ / shares                   $ 6.75   $ 6.75                
Proceeds from Convertible Debt $ 36,600                                      
Debt Instrument, Maturity Date Sep. 04, 2030                                      
Debt Instrument, Redemption Price, Percentage 100.00%                                      
Debt Instrument, Convertible, Threshold Consecutive Trading Days 5                 5   5                
Debt Instrument, Convertible, Number of Equity Instruments                       5,925,926                
Debt Instrument, Convertible, Maximum Beneficial Ownership Percentage 4.99%                                      
Convertible Debt                   $ 40,000   $ 40,000   $ 0            
Minimum [Member]                                        
Asset Coverage to Borrowings, Ratio, Percent                       150.00%                
Minimum [Member] | Key Facility [Member] | Prime Rate [Member]                                        
Debt Instrument, Basis Spread on Variable Rate             4.10% 4.25%                        
Minimum [Member] | Nuveen Facility [Member]                                        
Debt Instrument, Interest Rate, Stated Percentage   5.00%       5.00%                            
Minimum [Member] | Nuveen Facility [Member] | Selected Interest Rates (Daily) [Member]                                        
Debt Instrument, Basis Spread on Variable Rate, Treasury Yield Maturity (Year)           3 years                            
Maximum [Member] | Nuveen Facility [Member] | Selected Interest Rates (Daily) [Member]                                        
Debt Instrument, Basis Spread on Variable Rate, Treasury Yield Maturity (Year)           5 years                            
Weighted Average [Member] | Nuveen Facility [Member] | Selected Interest Rates (Daily) [Member]                                        
Debt Instrument, Basis Spread on Variable Rate, Treasury Yield Maturity (Year)           4 years 10 months 17 days