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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income      
Total Investment Income $ 438,087 $ 309,305 $ 278,593
Expenses      
Interest 133,731 62,991 38,825
Management fees 46,382 39,900 37,081
Incentive fees on net investment income 42,590 33,401 33,062
Incentive fees on net capital gains 4,382 (8,864) 13,507
Professional fees 7,323 7,192 6,586
Directors’ fees 806 736 743
Other general and administrative 5,280 5,427 6,236
Total expenses 240,494 140,783 136,040
Management and incentive fees waived (Note 3) (1,171) (427) (190)
Net Expenses 239,323 140,356 135,850
Net Investment Income Before Income Taxes 198,764 168,949 142,743
Income taxes, including excise taxes 2,365 2,622 384
Net Investment Income 196,399 166,327 142,359
Net change in unrealized gains (losses):      
Net Unrealized gains (losses) on investments 18,854 (76,381) 49,738
Translation of other assets and liabilities in foreign currencies (6,393) 8,721 (591)
Interest rate swaps 174 (6,748) (6,699)
Income tax provision 556 (561) (1,902)
Total net change in unrealized gains (losses) 13,191 (74,969) 40,546
Realized gains (losses):      
Realized gains (losses) on investments 12,253 14,735 28,816
Interest rate swaps   2,251  
Foreign currency transactions 180 (291) 59
Total net realized gains (losses) 12,433 16,695 28,875
Total Net Unrealized and Realized Gains (Losses) 25,624 (58,274) 69,421
Increase (Decrease) in Net Assets Resulting from Operations $ 222,023 $ 108,053 $ 211,780
Earnings per common share—basic $ 2.61 $ 1.38 $ 2.93
Weighted average shares of common stock outstanding—basic 85,131,264 78,197,826 72,169,488
Earnings per common share—diluted $ 2.61 $ 1.38 $ 2.79
Weighted average shares of common stock outstanding—diluted 85,131,264 78,197,826 77,702,258
Non-controlled, Non-affiliated Investments      
Income      
Interest from investments $ 411,022 $ 292,442 $ 261,782
Dividend income 4,181 2,159 3,426
Other income 15,122 9,502 7,751
Total Investment Income 430,325 304,103 272,959
Net change in unrealized gains (losses):      
Net Unrealized gains (losses) on investments 40,571 (70,085) 17,938
Realized gains (losses):      
Realized gains (losses) on investments 12,095 1,072 28,849
Non-controlled, Affiliated Investments      
Income      
Interest from investments   133 838
Dividend income     740
Total Investment Income   133 1,578
Net change in unrealized gains (losses):      
Net Unrealized gains (losses) on investments   (14,350) 14,350
Realized gains (losses):      
Realized gains (losses) on investments 158 13,608 (33)
Controlled, Affiliated Investments      
Income      
Interest from investments 7,756 5,064 4,039
Other income 6 5 17
Total Investment Income 7,762 5,069 4,056
Net change in unrealized gains (losses):      
Net Unrealized gains (losses) on investments $ (21,717) 8,054 $ 17,450
Realized gains (losses):      
Realized gains (losses) on investments   $ 55