v3.25.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
INVESTMENT INCOME:    
Interest, fee and dividend income $ 33,227 $ 33,950
EXPENSES:    
Interest (8,243) (9,549)
Base management fees (4,972) (5,028)
Incentive fees (2,023) (3,637)
Internal administrative services expenses (174) (2,267)
General and administrative (1,027) (1,034)
Total expenses before expense waivers (16,439) (21,515)
Waiver of internal administrative services expenses 0 2,111
Total expenses, net of expense waivers (16,439) (19,404)
NET INVESTMENT INCOME 16,788 14,546
NET REALIZED GAIN (LOSS):    
Total net realized loss (21,066) (1,884)
NET UNREALIZED APPRECIATION (DEPRECIATION):    
Total net unrealized appreciation (depreciation) 18,783 (1,133)
INCOME TAXES:    
Federal and state income, excise and other taxes (483) (329)
Deferred taxes 1,853 (611)
Total income tax benefit (provision) 1,370 (940)
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 15,875 $ 10,589
NET INVESTMENT INCOME PER SHARE— BASIC (in dollars per share) [1] $ 0.38 $ 0.36
NET INVESTMENT INCOME PER SHARE— DILUTED (in dollars per share) [1] 0.38 0.36
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—BASIC (in dollars per share) [1] 0.36 0.26
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—DILUTED (in dollars per share) [1] $ 0.36 $ 0.26
WEIGHTED-AVERAGE SHARES OUTSTANDING—BASIC (in shares) [1] 44,680,084 40,129,395
WEIGHTED-AVERAGE SHARES OUTSTANDING—DILUTED (in shares) [1] 44,680,084 40,129,395
Control investments    
INVESTMENT INCOME:    
Interest, fee and dividend income $ 1,442 $ 811
NET REALIZED GAIN (LOSS):    
Total net realized loss 9 10
NET UNREALIZED APPRECIATION (DEPRECIATION):    
Total net unrealized appreciation (depreciation) (833) 422
Affiliate investments    
INVESTMENT INCOME:    
Interest, fee and dividend income 9,335 6,929
NET REALIZED GAIN (LOSS):    
Total net realized loss 0 0
NET UNREALIZED APPRECIATION (DEPRECIATION):    
Total net unrealized appreciation (depreciation) 2,836 (19)
Non‑Control/Non‑Affiliate investments    
INVESTMENT INCOME:    
Interest, fee and dividend income 22,450 26,210
NET REALIZED GAIN (LOSS):    
Total net realized loss (21,075) (1,894)
NET UNREALIZED APPRECIATION (DEPRECIATION):    
Total net unrealized appreciation (depreciation) $ 16,780 $ (1,536)
[1] As discussed in Note A.3. — Reverse Stock Split, the Company completed a two-for-one reverse stock split, effective as of December 16, 2024.