v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
INVESTMENT INCOME:        
Interest income $ 112,633 $ 100,857 $ 217,939 $ 198,874
Dividend income 27,398 37,845 55,594 73,871
Fee income 9,541 5,271 16,145 8,274
Total investment income 149,572 143,973 289,678 281,019
EXPENSES:        
Interest (36,637) (32,519) (70,680) (63,687)
Compensation (14,239) (12,677) (27,424) (24,153)
General and administrative (5,718) (5,919) (11,114) (11,005)
Share-based compensation (5,807) (5,416) (10,912) (10,258)
Expenses allocated to the External Investment Manager 6,626 5,892 12,092 11,228
Total expenses (55,775) (50,639) (108,038) (97,875)
NET INVESTMENT INCOME BEFORE TAXES 93,797 93,334 181,640 183,144
Excise tax expense (659) (818) (1,040) (2,159)
Federal and state income and other tax expenses (2,814) (4,333) (5,697) (6,905)
NET INVESTMENT INCOME 90,324 88,183 174,903 174,080
NET REALIZED GAIN (LOSS):        
Total net realized gain 32,828 52,420 50,801 22,875
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) 32,220 (18,951) (18,379) 44,239
Income tax benefit (provision) on net realized gain and net unrealized appreciation (depreciation) (7,795) 882 (10,767) (2,578)
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 147,577 $ 122,534 $ 196,558 $ 238,616
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—BASIC (in dollars per share) $ 1.58 $ 1.37 $ 2.14 $ 2.68
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—DILUTED (in dollars per share) $ 1.58 $ 1.37 $ 2.14 $ 2.68
WEIGHTED-AVERAGE SHARES OUTSTANDING—BASIC (in shares) 93,253,619 89,258,390 91,961,399 88,986,215
WEIGHTED-AVERAGE SHARES OUTSTANDING—DILUTED (in shares) 93,253,619 89,258,390 91,961,399 88,986,215
Control investments:        
INVESTMENT INCOME:        
Interest income $ 36,990 $ 27,317 $ 72,214 $ 53,219
Dividend income 18,761 30,239 41,604 58,884
Fee income 2,431 2,656 6,028 4,351
Total investment income 58,182 60,212 119,846 116,454
NET REALIZED GAIN (LOSS):        
Total net realized gain 46,326 (2,998) 56,361 (2,976)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) (13,398) 33,154 (60,606) 33,555
Affiliate investments:        
INVESTMENT INCOME:        
Interest income 21,893 17,219 41,746 33,696
Dividend income 8,140 6,990 12,460 13,528
Fee income 2,203 1,558 4,211 2,277
Total investment income 32,236 25,767 58,417 49,501
NET REALIZED GAIN (LOSS):        
Total net realized gain 0 55,647 0 57,711
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) 12,046 (47,745) 17,227 (8,742)
Non‑Control/Non‑Affiliate investments:        
INVESTMENT INCOME:        
Interest income 53,750 56,321 103,979 111,959
Dividend income 497 616 1,530 1,459
Fee income 4,907 1,057 5,906 1,646
Total investment income 59,154 57,994 111,415 115,064
NET REALIZED GAIN (LOSS):        
Total net realized gain (13,498) (229) (5,560) (31,860)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) $ 33,572 $ (4,360) $ 25,000 $ 19,426