XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
From non-controlled non-affiliated investments:        
Interest income $ 26,047 $ 22,232 $ 70,490 $ 60,570
Paid-in-kind interest 401 184 1,091 966
Dividend income 18 1,373 33 1,427
Other income 174 254 434 577
From non-controlled affiliated investments:        
Interest income 374 305 993 904
Paid-in-kind interest 15 139 2,054 1,168
Dividend income 400 291 3,671 2,134
From controlled investments:        
Interest income 192   558  
Paid-in-kind interest 187   538  
Dividend income 1,180 700 2,280 2,100
Total investment income 28,988 25,478 82,142 69,846
Expenses:        
Interest and other debt financing costs 8,651 5,695 20,693 14,482
Management fees 4,144 3,531 12,235 10,082
Income based incentive fees 2,717 2,663 8,039 7,528
Capital gains based incentive fees (3,103) 757 (5,252) 6,150
Professional fees 306 522 1,014 1,516
Directors’ fees 142 127 373 361
Other general and administrative expenses 635 692 2,001 2,076
Total expenses 13,492 13,987 39,103 42,195
Management fees waiver (62) (476) (175) (3,096)
Income based incentive fees waiver (45) (931) (474) (5,796)
Net expenses 13,385 12,580 38,454 33,303
Net investment income before taxes 15,603 12,898 43,688 36,543
(Benefit) provision for income and excise taxes (350) 170 64 1,403
Net investment income 15,953 12,728 43,624 35,140
Net realized gain (loss) on:        
Non-controlled non-affiliated investments (1,285) 280 21 4,497
Non-controlled affiliated investments   27,513 7,113 27,513
Controlled investments (770)   (2,451)  
Foreign currency transactions (73) 80 (6) 359
Foreign currency forward contracts   (56) 24 (193)
Net change in unrealized appreciation (depreciation) on:        
Non-controlled non-affiliated investments and foreign currency translation (14,413) 2,897 (33,152) 13,336
Non-controlled affiliated investments (5,916) (28,198) (10,456) (12,583)
Controlled investments (972) 302 (2,415) 1,472
Foreign currency forward contracts 5,699 1,523 11,286 1,959
Net realized and unrealized gains (losses) on investments (17,730) 4,341 (30,036) 36,360
Benefit (provision) for taxes on realized gain on investments (409) 2 (626) (370)
Benefit (provision) for taxes on unrealized appreciation (depreciation) on investments (192) (392) (20) (332)
Net increase (decrease) in net assets resulting from operations $ (2,378) $ 16,679 $ 12,942 $ 70,798
Per common share data:        
Net increase (decrease) in net assets resulting from operations per share (basic and diluted): $ (0.08) $ 0.59 $ 0.42 $ 2.51
Net investment income per share (basic): 0.52 0.45 1.41 1.25
Net investment income per share (diluted): $ 0.52 $ 0.45 $ 1.41 $ 1.25
Weighted average shares outstanding (basic): 30,887,360 28,167,360 30,887,360 28,167,360
Weighted average shares outstanding (diluted): 30,887,360 28,167,360 30,887,360 28,167,360