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 interest income $ 36,502 $ 32,211 $ 70,790 $ 62,530
Total payment-in-kind interest income 3,482 2,451 6,551 4,699
Total dividend income 862 631 1,145 1,862
Total fee income 2,096 3,884 11,039 6,011
Interest on idle funds 560 793 1,501 1,364
Total investment income 43,502 39,970 91,026 76,466
Expenses:        
Interest and financing expenses 10,957 7,769 20,732 14,542
Base management fee 6,230 5,106 12,143 10,028
Incentive fee - income 4,647 4,854 10,481 9,448
Incentive fee (reversal) - capital gains 254 1,331 (698) 1,618
Administrative service expenses 778 754 1,549 1,356
Professional fees 1,672 1,298 2,977 2,246
Other general and administrative expenses 269 221 534 427
Total expenses before base management fee waiver 24,807 21,333 47,718 39,665
Base management fee waiver (50) (59) (101) (118)
Total expenses, net of base management fee waiver 24,757 21,274 47,617 39,547
Net investment income before income taxes 18,745 18,696 43,409 36,919
Income tax provision (benefit) 53 68 76 69
Net investment income 18,692 18,628 43,333 36,850
Net realized and unrealized gains (losses) on investments:        
Total net realized gain (loss) on investments 6,425 (7,568) (5,780) 5,762
Income tax (provision) benefit from realized gains on investments (318) (79) (416) (1,929)
Total net change in unrealized appreciation (depreciation) on investments (4,642) 14,378 3,021 4,585
Net gain (loss) on investments 1,465 6,731 (3,175) 8,418
Realized losses on extinguishment of debt (194) (75) (311) (326)
Net increase (decrease) in net assets resulting from operations $ 19,963 $ 25,284 $ 39,847 $ 44,942
Per common share data:        
Net investment income per share-basic $ 0.49 $ 0.53 $ 1.14 $ 1.06
Net investment income per share-diluted 0.49 0.53 1.14 1.06
Net increase in net assets resulting from operations per share - basic 0.53 0.72 1.05 1.3
Net increase in net assets resulting from operations per share - diluted 0.53 0.72 1.05 1.3
Dividends declared per share $ 0.62 $ 0.54 $ 1.14 $ 1.08
Weighted average number of shares outstanding - basic 37,954,364 35,156,663 37,954,364 34,620,172
Weighted average number of shares outstanding - diluted 37,954,364 35,156,663 37,954,364 34,620,172
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 1,609 1,074 3,150 2,168
Total dividend income 557 166 557 1,052
Total fee income 10 8 24 16
Net realized and unrealized gains (losses) on investments:        
Total net realized gain (loss) on investments 1,189 0 1,189 10,066
Total net change in unrealized appreciation (depreciation) on investments 2,474 3,498 4,436 3,392
Non-control/Non-affiliate Investments        
Investment Income:        
Total interest income 34,893 31,137 67,640 60,362
Total payment-in-kind interest income 3,482 2,451 6,551 4,699
Total dividend income 305 465 588 810
Total fee income 2,086 3,876 11,015 5,995
Net realized and unrealized gains (losses) on investments:        
Total net realized gain (loss) on investments 5,236 (7,568) (6,849) (4,304)
Total net change in unrealized appreciation (depreciation) on investments $ (7,116) $ 10,880 $ (1,415) $ 7,977