v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment Income:        
Total investment income $ 88,774 $ 99,508 $ 177,838 $ 200,966
Expenses:        
Interest and other financing expenses 32,018 34,707 62,683 68,886
Management fees 9,182 9,624 18,612 19,242
Income based incentive fees 6,518 9,279 12,318 19,122
Professional fees 1,716 1,698 3,190 3,306
Directors’ fees 130 130 259 259
Administrative service fees 61 85 122 145
General and other expenses 189 128 350 310
Total expenses 49,814 55,651 97,534 111,270
Management fees waiver (Note 3) 0 0 0 (641)
Incentive fees waiver (Note 3) 0 0 0 (375)
Net expenses 49,814 55,651 97,534 110,254
Net investment income (loss) before taxes 38,960 43,857 80,304 90,712
Excise tax expense 800 200 1,634 827
Net investment income (loss) after taxes 38,160 43,657 78,670 89,885
Net realized and unrealized gain (loss):        
Net realized gain (loss) on non-controlled/non-affiliated investments (7,407) 25 (20,580) 587
Foreign currency and other transactions (24) 66 (22) 53
Net realized gain (loss) (7,431) 91 (20,602) 640
Translation of assets and liabilities in foreign currencies (8) 101 (19) 100
Net unrealized appreciation (depreciation) (22,801) (7,652) (54,650) (24,759)
Net realized and unrealized gain (loss) (30,232) (7,561) (75,252) (24,119)
Net increase in net assets resulting from operations $ 7,928 $ 36,096 $ 3,418 $ 65,766
Net investment income (loss) per share, basic [1]     $ 0.92 $ 1.02
Earnings per share - basic $ 0.09 $ 0.41 0.04 0.75
Earnings per share - diluted $ 0.09 $ 0.41 $ 0.04 $ 0.75
Weighted average shares outstanding - basic (in shares) 84,754,809 87,189,801 85,262,160 [1] 87,798,346 [1]
Weighted average shares outstanding - diluted (in shares) 84,754,809 87,189,801 85,262,160 [1] 87,798,346 [1]
Non-Controlled/Non-Affiliated Investments        
Investment Income:        
Interest income $ 77,516 $ 93,752 $ 159,156 $ 188,693
Payment-in-kind income 4,842 3,815 8,893 8,003
Dividend income 1,742 650 2,674 1,244
Other income 1,353 1,175 2,476 2,870
Net realized and unrealized gain (loss):        
Net change in unrealized appreciation (depreciation) on non-controlled/non-affiliated investments (21,915) (7,751) (51,621) (24,899)
Controlled/affiliated investments        
Investment Income:        
Dividend income 3,016 0 4,181 0
Net realized and unrealized gain (loss):        
Net change in unrealized appreciation (depreciation) on non-controlled/non-affiliated investments (527) 0 (1,987) 0
Non-Controlled/Affiliated Investments        
Investment Income:        
Interest income 179 44 279 70
Payment-in-kind income 88 72 141 86
Dividend income 27 0 27 0
Other income 11 0 11 0
Net realized and unrealized gain (loss):        
Net change in unrealized appreciation (depreciation) on non-controlled/non-affiliated investments $ (351) $ (2) $ (1,023) $ 40
[1] The per share data was derived by using the weighted average shares outstanding during the period, except otherwise noted.