XML 71 R62.htm IDEA: XBRL DOCUMENT v3.25.3
Stockholders' Equity - Summary of Components of Stockholders' Equity (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jul. 15, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2025
Sep. 30, 2024
Beginning balance   $ 164,729 [1] $ 173,511 $ 178,493 [1] $ 196,429 [1] $ 210,607 $ 213,518 [1] $ 178,493 [1] $ 213,518 [1]
Net investment income   8,848 [1] 4,557 4,340 5,802 [1] 6,477 6,226 17,745 [1] 18,505 [1]
Net change in unrealized appreciation (depreciation) on investments   15,525 6,628 (3,903) 4,511 (5,966) 71 18,250 (1,384)
Net realized gains (losses) from investment transactions and extinguishment of debt   (2,678) (15,840) (173) (11,822) (6,961) (2,270)    
Tax (provision) benefit on realized and unrealized gains (losses) on investments   1,935 [1] 137 (346)   78 459 1,726 [1] 537 [1]
Distributions to Stockholders   (6,464) [1] (4,325) (4,967) (6,382) [1] (6,411) (6,444) (15,756) [1] (19,237) [1]
Reinvested Dividends   63 [1] 61 67 82 [1] 158   191 [1] 240 [1]
Issuance of common shares in connection with the LRFC Acquisition [1],[2]   49,596           49,596  
Stock repurchases   (250) [1]     (638) [1] (1,553) (953) (250) [1] (3,144) [1]
Ending balance   231,304 [1] 164,729 [1] 173,511 187,982 [1] 196,429 [1] 210,607 231,304 [1] 187,982 [1]
Common Stock                  
Beginning balance   92 92 92 93 93 94 92 94
Issuance of common shares in connection with the LRFC Acquisition   40              
Stock repurchases         (1)   (1)    
Ending balance   132 92 92 92 93 93 132 92
Capital in Excess of Par Value                  
Beginning balance   714,459 714,398 714,331 715,488 716,883 717,835 714,331 717,835
Reinvested Dividends   63 61 67 82 158      
Issuance of common shares in connection with the LRFC Acquisition   49,556              
Stock repurchases   (250)     (637) (1,553) (952)    
Ending balance   763,828 714,459 714,398 714,933 715,488 716,883 763,828 714,933
Total Distributable (Loss) Earnings                  
Beginning balance   (549,822) (540,979) (535,930) (519,152) (506,369) (504,411) (535,930) (504,411)
Net investment income   8,848 4,557 4,340 5,802 6,477 6,226    
Net change in unrealized appreciation (depreciation) on investments   15,525 6,628 (3,903) 4,511 (5,966) 71    
Net realized gains (losses) from investment transactions and extinguishment of debt   (2,678) (15,840) (173) (11,822) (6,961) (2,270)    
Tax (provision) benefit on realized and unrealized gains (losses) on investments   1,935 137 (346)   78 459    
Distributions to Stockholders   (6,464) (4,325) (4,967) (6,382) (6,411) (6,444)    
Ending balance   $ (532,656) $ (549,822) $ (540,979) $ (527,043) $ (519,152) $ (506,369) (532,656) $ (527,043)
LRFC Acquisition                  
Issuance of common shares in connection with the LRFC Acquisition $ 49,600             $ 49,596 [3]  
[1] Refer to Note 9 “Stockholders' Equity” for additional information on changes in components of Stockholders’ Equity.
[2] Refer to Note 11 “LRFC Acquisition” for additional information on the LRFC Acquisition.
[3] On July 15, 2025, in connection with the LRFC Acquisition, the Company acquired net assets of $73.7 million for total purchase consideration of $52.8 million, of which $49.6 million was stock based, net of offering costs of $0.4 million. The total purchase consideration was inclusive of $3.2 million of transaction costs. Refer to Note 11 “LRFC Acquisition” for additional information on the LRFC Acquisition.