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Consolidated Statements of Changes in Net Assets (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2023
Sep. 30, 2022
Beginning balance $ 1,460,529 $ 1,356,005 $ 1,341,569 $ 1,241,959 $ 1,283,985 $ 1,275,848   $ 1,341,569 $ 1,275,848
Net investment income 49,994 48,784 42,937 37,180 40,822 35,712   141,714 113,714
Net change in unrealized gain (losses) on investments and foreign currency translation 9,740 2,822 4,777 (5,134) (54,751) (8,495)   17,340 (68,379)
Net realized gains (losses) on investments and foreign currency transactions 5,086 1,484 5,238 2,385 404 13,668   $ 11,808 16,456
Issuance of common stock, net of offering and underwriting costs $ (85) 89,290              
Conversion of convertible notes       77,642          
Conversion of convertible notes, Shares             2,324,820    
Purchases of treasury stock       $ (3,000)         $ (3,000)
Purchases of treasury stock, Shares 0     180,542       0 180,542
Stock issued in connection with dividend reinvestment plan $ 5,924 5,581 6,248 $ 11,038 5,838 6,774      
Stock issued in connection with dividend reinvestment plan, Shares               982,211 1,219,840
Dividends declared from distributable earnings (45,366) (43,437) (44,764) (34,018) (34,339) (39,522)      
Ending balance $ 1,485,822 1,460,529 1,356,005 $ 1,328,052 1,241,959 1,283,985 $ 1,275,848 $ 1,485,822 $ 1,328,052
Ending balance,Shares 87,546,498     81,170,965       87,546,498 81,170,965
Common Stock                  
Beginning balance $ 879 $ 824 $ 821 $ 766 $ 764 $ 761   $ 821 $ 761
Beginning balance, Shares 87,241,231 81,751,865 81,389,287 76,339,515 76,070,680 75,771,542   81,389,287 75,771,542
Issuance of common stock, net of offering and underwriting costs   $ 52              
Issuance of common stock, net of offering and underwriting costs, Shares   5,175,000              
Conversion of convertible notes       $ 44          
Conversion of convertible notes, Shares       4,360,125          
Purchases of treasury stock, Shares       (180,542)          
Stock issued in connection with dividend reinvestment plan $ 3 $ 3 $ 3 $ 6 $ 2 $ 3      
Stock issued in connection with dividend reinvestment plan, Shares 305,267 314,366 362,578 651,867 268,835 299,138      
Ending balance $ 882 $ 879 $ 824 $ 816 $ 766 $ 764 $ 761 $ 882 $ 816
Ending balance,Shares 87,546,498 87,241,231 81,751,865 81,170,965 76,339,515 76,070,680 75,771,542 87,546,498 81,170,965
Treasury Stock                  
Beginning balance $ (10,459) $ (10,459) $ (10,459) $ (4,291) $ (4,291) $ (4,291)   $ (10,459) $ (4,291)
Beginning balance, Shares 664,250 664,250 664,250 296,044 296,044 296,044   664,250 296,044
Purchases of treasury stock       $ (3,000)          
Purchases of treasury stock, Shares       180,542          
Ending balance $ (10,459) $ (10,459) $ (10,459) $ (7,291) $ (4,291) $ (4,291) $ (4,291) $ (10,459) $ (7,291)
Ending balance,Shares 664,250 664,250 664,250 476,586 296,044 296,044 296,044 664,250 476,586
Paid in Capital in Excess of Par                  
Beginning balance $ 1,395,409 $ 1,300,593 $ 1,294,751 $ 1,201,531 $ 1,195,695 $ 1,189,275   $ 1,294,751 $ 1,189,275
Issuance of common stock, net of offering and underwriting costs (85) 89,238              
Conversion of convertible notes       77,598          
Stock issued in connection with dividend reinvestment plan 5,921 5,578 6,245 11,032 5,836 6,771      
Tax reclassification of stockholders' equity in accordance with GAAP     (403) [1]     (351) [2]      
Ending balance 1,401,245 1,395,409 1,300,593 1,290,161 1,201,531 1,195,695 $ 1,189,275 1,401,245 1,290,161
Distributable Earnings                  
Beginning balance 74,700 65,047 56,456 43,953 91,817 90,103   56,456 90,103
Net investment income 49,994 48,784 42,937 37,180 40,822 35,712      
Net change in unrealized gain (losses) on investments and foreign currency translation 9,740 2,822 4,777 (5,134) (54,751) (8,495)      
Net realized gains (losses) on investments and foreign currency transactions 5,086 1,484 5,238 2,385 404 13,668      
Dividends declared from distributable earnings (45,366) (43,437) (44,764) (34,018) (34,339) (39,522)      
Tax reclassification of stockholders' equity in accordance with GAAP     403 [1]     351 [2]      
Ending balance $ 94,154 $ 74,700 $ 65,047 $ 44,366 $ 43,953 $ 91,817 $ 90,103 $ 94,154 $ 44,366
[1] The Company’s tax year end is March 31st.
[2] The Company’s tax year end is March 31st.