v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES              
Net increase in net assets resulting from operations $ 147,577 $ 48,981 $ 122,534 $ 116,082 $ 196,558 $ 238,616  
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities:              
Investments in portfolio companies         (733,150) (645,993)  
Proceeds from sales and repayments of debt investments in portfolio companies         457,886 472,012  
Proceeds from sales and return of capital of equity investments in portfolio companies         93,892 101,271  
Net unrealized (appreciation) depreciation (32,220)   18,951   18,379 (44,239)  
Net realized gain (32,828)   (52,420)   (50,801) (22,875)  
Accretion of unearned income         (12,259) (10,406)  
Payment-in-kind interest         (8,096) (7,297)  
Cumulative dividends         (2,135) (1,936)  
Share-based compensation expense         10,912 10,258  
Amortization of deferred financing costs         3,029 3,105  
Deferred taxes         15,295 3,945  
Changes in other assets and liabilities:              
Interest and dividend receivable and prepaids and other assets         (10,411) 1,813  
Interest payable         6,617 427  
Accounts payable and other liabilities         (12,695) (19,401)  
Deferred fees and other         5,001 2,825  
Net cash provided by (used in) operating activities         (21,978) 82,125  
CASH FLOWS FROM FINANCING ACTIVITIES              
Proceeds from public offering of common stock, net of offering costs         153,154 16,031  
Dividends paid         (177,800) (168,050)  
Proceeds from Credit Facilities         873,000 607,000  
Repayments on Credit Facilities         (1,150,000) (514,000)  
Debt issuance costs, net         (1,055) (4,358)  
Purchases of vested stock for employee payroll tax withholding         (8,974) (10,015)  
Net cash provided by (used in) financing activities         38,325 (73,392)  
Net increase in cash and cash equivalents         16,347 8,733  
CASH AND CASH EQUIVALENTS AS OF BEGINNING OF PERIOD   $ 41,959   $ 78,251 41,959 78,251 $ 78,251
CASH AND CASH EQUIVALENTS AS OF END OF PERIOD $ 58,306   $ 86,984   58,306 86,984 $ 41,959
Supplemental cash flow disclosures:              
Interest paid         60,983 60,068  
Taxes paid         8,734 16,936  
Non-cash financing activities:              
Value of shares issued pursuant to the dividend reinvestment plan         20,608 18,466  
March 2029 Notes              
CASH FLOWS FROM FINANCING ACTIVITIES              
Proceeds from public offering         200,000 0  
April 2031 Notes              
CASH FLOWS FROM FINANCING ACTIVITIES              
Proceeds from public offering         $ 150,000 $ 0