v3.26.3
Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Investment Income:        
Total interest income $ 39,103 $ 30,815 $ 109,893 $ 93,345
Total payment-in-kind interest income 3,126 3,185 9,677 7,884
Total dividend income (78) 989 1,067 2,851
Total fee income 2,986 1,322 14,025 7,333
Interest on idle funds 776 942 2,277 2,306
Total investment income 45,913 37,253 136,939 113,719
Expenses:        
Interest and financing expenses 11,639 7,649 32,371 22,191
Base management fee 6,447 5,253 18,590 15,281
Incentive fee - income 5,027 4,371 15,508 13,819
Incentive fee (reversal) - capital gains (162) 354 (860) 1,972
Administrative service expenses 775 708 2,324 2,064
Professional fees 707 713 3,684 2,959
Other general and administrative expenses 291 494 825 921
Total expenses before base management fee waiver 24,724 19,542 72,442 59,207
Base management fee waiver (48) (57) (149) (175)
Total expenses, net of base management fee waiver 24,676 19,485 72,293 59,032
Net investment income before income taxes 21,237 17,768 64,646 54,687
Income tax provision (benefit) 98 399 174 468
Net investment income 21,139 17,369 64,472 54,219
Net realized and unrealized gains (losses) on investments:        
Total net realized gain (loss) on investments (10,881) (930) (16,661) 4,832
Income tax (provision) benefit from realized gains on investments 0 (421) (416) (2,350)
Total net change in unrealized appreciation (depreciation) on investments 10,337 3,424 13,358 8,009
Net gain (loss) on investments (544) 2,073 (3,719) 10,491
Realized losses on extinguishment of debt (268) (304) (579) (630)
Net increase (decrease) in net assets resulting from operations $ 20,327 $ 19,138 $ 60,174 $ 64,080
Per common share data:        
Net investment income per share-basic $ 0.54 $ 0.49 $ 1.68 $ 1.55
Net investment income per share-diluted 0.54 0.49 1.68 1.55
Net increase in net assets resulting from operations per share - basic 0.52 0.54 1.57 1.83
Net increase in net assets resulting from operations per share - diluted 0.52 0.54 1.57 1.83
Dividends declared per share $ 0.5 $ 0.57 $ 1.64 $ 1.65
Weighted average number of shares outstanding - basic 38,903,423 35,721,635 38,274,193 34,991,361
Weighted average number of shares outstanding - diluted 38,903,423 35,721,635 38,274,193 34,991,361
Control Investments        
Net realized and unrealized gains (losses) on investments:        
Total net realized gain (loss) on investments $ 0 $ 0 $ (120) $ 0
Total net change in unrealized appreciation (depreciation) on investments 0 0 0 0
Affiliate Investments        
Investment Income:        
Total interest income 1,931 1,090 5,081 3,258
Total payment-in-kind interest income 182   182  
Total dividend income 0 329 557 1,381
Total fee income 32 8 56 24
Net realized and unrealized gains (losses) on investments:        
Total net realized gain (loss) on investments 0 897 1,189 10,963
Total net change in unrealized appreciation (depreciation) on investments 2,363 1,634 6,799 (1,758)
Non-control/Non-affiliate Investments        
Investment Income:        
Total interest income 37,172 29,725 104,812 90,087
Total payment-in-kind interest income 2,944 3,185 9,495 7,884
Total dividend income (78) 660 510 1,470
Total fee income 2,954 1,314 13,969 7,309
Net realized and unrealized gains (losses) on investments:        
Total net realized gain (loss) on investments (10,881) (1,827) (17,730) (6,131)
Total net change in unrealized appreciation (depreciation) on investments $ 7,974 $ 1,790 $ 6,559 $ 9,767