v3.26.3
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
INVESTMENT INCOME:        
Interest income $ 111,863 $ 103,286 $ 329,802 $ 302,160
Dividend income 25,525 31,263 81,119 105,134
Fee income 5,144 5,282 21,289 13,556
Total investment income 142,532 139,831 432,210 420,850
EXPENSES:        
Interest (38,921) (32,472) (109,601) (96,159)
Compensation (12,759) (13,217) (40,183) (37,370)
General and administrative (5,238) (4,928) (16,352) (15,933)
Share-based compensation (5,880) (5,433) (16,792) (15,691)
Expenses allocated to the External Investment Manager 5,826 5,734 17,918 16,962
Total expenses (56,972) (50,316) (165,010) (148,191)
NET INVESTMENT INCOME BEFORE TAXES 85,560 89,515 267,200 272,659
Excise tax expense (303) (838) (1,343) (2,997)
Federal and state income and other tax expenses (1,434) (2,139) (7,131) (9,044)
NET INVESTMENT INCOME 83,823 86,538 258,726 260,618
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) (27,574) (19,104) 23,227 3,771
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation 68,505 62,978 50,126 107,217
Income tax provision on net realized gain (loss) and net unrealized appreciation (7,671) (6,741) (18,438) (9,319)
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 117,083 $ 123,671 $ 313,641 $ 362,287
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—BASIC (in dollars per share) $ 1.25 $ 1.38 $ 3.39 $ 4.06
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—DILUTED (in dollars per share) $ 1.25 $ 1.38 $ 3.39 $ 4.06
WEIGHTED-AVERAGE SHARES OUTSTANDING—BASIC (in shares) 93,757,071 89,627,718 92,566,533 89,202,399
WEIGHTED-AVERAGE SHARES OUTSTANDING—DILUTED (in shares) 93,757,071 89,627,718 92,566,533 89,202,399
Control investments:        
INVESTMENT INCOME:        
Interest income $ 37,523 $ 31,714 $ 109,737 $ 84,933
Dividend income 17,919 25,967 59,523 84,851
Fee income 2,468 2,346 8,496 6,697
Total investment income 57,910 60,027 177,756 176,481
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) (37,556) (9,988) 18,805 (12,964)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation 61,841 23,461 1,235 57,016
Affiliate investments:        
INVESTMENT INCOME:        
Interest income 19,154 16,723 60,900 50,419
Dividend income 5,309 4,176 17,769 17,703
Fee income 786 1,508 4,997 3,786
Total investment income 25,249 22,407 83,666 71,908
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 290 (2) 290 57,709
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation 14,417 13,260 31,644 4,518
Non‑Control/Non‑Affiliate investments:        
INVESTMENT INCOME:        
Interest income 55,186 54,849 159,165 166,808
Dividend income 2,297 1,120 3,827 2,580
Fee income 1,890 1,428 7,796 3,073
Total investment income 59,373 57,397 170,788 172,461
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 9,692 (9,114) 4,132 (40,974)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation $ (7,753) $ 26,257 $ 17,247 $ 45,683