v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
INVESTMENT INCOME:    
Total investment income $ 140,106 $ 137,046
EXPENSES:    
Interest (34,043) (31,168)
Compensation (13,185) (11,476)
General and administrative (5,396) (5,086)
Share‑based compensation (5,105) (4,842)
Expenses allocated to the External Investment Manager 5,466 5,336
Total expenses (52,263) (47,236)
NET INVESTMENT INCOME BEFORE TAXES 87,843 89,810
Excise tax expense (381) (1,341)
Federal and state income and other tax expenses (2,883) (2,572)
NET INVESTMENT INCOME 84,579 85,897
NET REALIZED GAIN (LOSS):    
Total net realized gain (loss) 17,973 (29,545)
NET UNREALIZED APPRECIATION (DEPRECIATION):    
Total net unrealized appreciation (depreciation) (50,599) 63,190
Income tax provision on net realized gain (loss) and net unrealized appreciation (depreciation) (2,972) (3,460)
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 48,981 $ 116,082
NET INVESTMENT INCOME PER SHARE— BASIC (in dollars per share) $ 0.93 $ 0.97
NET INVESTMENT INCOME PER SHARE— DILUTED (in dollars per share) 0.93 0.97
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—BASIC (in dollars per share) 0.54 1.31
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—DILUTED (in dollars per share) $ 0.54 $ 1.31
WEIGHTED-AVERAGE SHARES OUTSTANDING—BASIC (in shares) 90,654,821 88,711,015
WEIGHTED-AVERAGE SHARES OUTSTANDING—DILUTED (in shares) 90,654,821 88,711,015
Control investments    
INVESTMENT INCOME:    
Total investment income $ 61,664 $ 56,242
NET REALIZED GAIN (LOSS):    
Total net realized gain (loss) 10,035 22
NET UNREALIZED APPRECIATION (DEPRECIATION):    
Total net unrealized appreciation (depreciation) (47,208) 401
Affiliate investments    
INVESTMENT INCOME:    
Total investment income 26,181 23,734
NET REALIZED GAIN (LOSS):    
Total net realized gain (loss) 0 2,064
NET UNREALIZED APPRECIATION (DEPRECIATION):    
Total net unrealized appreciation (depreciation) 5,181 39,003
Non‑Control/Non‑Affiliate investments    
INVESTMENT INCOME:    
Total investment income 52,261 57,070
NET REALIZED GAIN (LOSS):    
Total net realized gain (loss) 7,938 (31,631)
NET UNREALIZED APPRECIATION (DEPRECIATION):    
Total net unrealized appreciation (depreciation) $ (8,572) $ 23,786