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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income        
Total Investment Income $ 121,815 $ 107,605 $ 239,599 $ 204,111
Expenses        
Interest 39,234 32,442 78,266 60,928
Management fees 12,765 11,410 25,361 22,143
Incentive fees on net investment income 11,414 10,507 22,342 19,988
Incentive fees on net capital gains (1,335) 749 (2,179) 2,506
Professional fees 2,115 1,749 3,866 3,505
Directors’ fees 207 174 428 357
Other general and administrative 1,343 1,188 2,627 2,203
Total expenses 65,743 58,219 130,711 111,630
Management and incentive fees waived (Note 3) (297) (300) (694) (556)
Net Expenses 65,446 57,919 130,017 111,074
Net Investment Income Before Income Taxes 56,369 49,686 109,582 93,037
Income taxes, including excise taxes 1,226 902 2,076 1,316
Net Investment Income 55,143 48,784 107,506 91,721
Net change in unrealized gains (losses):        
Net unrealized gains (losses) on investments     (19,547) 10,429
Translation of other assets and liabilities in foreign currencies (1,641) (2,000) 3,085 (3,004)
Interest rate swaps   (57) 0 174
Total net change in unrealized gains (losses) (9,493) 2,822 (16,462) 7,599
Realized gains (losses):        
Realized gains (losses) on investments     3,863 6,436
Foreign currency transactions 121 (139) 12 286
Total net realized gains (losses) 1,751 1,484 3,875 6,722
Total Net Unrealized and Realized Gains (Losses) (7,742) 4,306 (12,587) 14,321
Increase (Decrease) in Net Assets Resulting from Operations $ 47,401 $ 53,090 $ 94,919 $ 106,042
Earnings per common share-basic $ 0.51 $ 0.63 $ 1.04 $ 1.28
Weighted average shares of common stock outstanding-basic 92,734,320 84,223,032 90,883,350 82,819,734
Earnings per common share-diluted $ 0.51 $ 0.63 $ 1.04 $ 1.28
Weighted average shares of common stock outstanding-diluted 92,734,320 84,223,032 90,883,350 82,819,734
Non-controlled, Non-affiliated Investments        
Income        
Interest from investments $ 102,707 $ 96,221 $ 205,114 $ 184,655
Paid-in-kind interest income 9,435 4,644 17,543 7,647
Dividend income 1,815 797 2,596 1,405
Other income 5,533 4,075 9,787 6,832
Total Investment Income 119,490 105,737 235,040 200,539
Net change in unrealized gains (losses):        
Net unrealized gains (losses) on investments (7,852) 7,662 (17,166) 19,416
Realized gains (losses):        
Realized gains (losses) on investments 1,630 1,623 3,863 6,436
Controlled, Affiliated Investments        
Income        
Interest from investments 2,320 1,867 4,551 3,570
Other income 5 1 8 2
Total Investment Income $ 2,325 1,868 4,559 3,572
Net change in unrealized gains (losses):        
Net unrealized gains (losses) on investments   $ (2,783) $ (2,381) $ (8,987)