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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
From non-controlled non-affiliated investments:      
Interest income $ 101,751 $ 81,371 $ 66,078
Paid-in-kind interest 1,564 1,881 2,169
Dividend income 127 1,919 323
Other income 540 791 1,060
From non-controlled affiliated investments:      
Interest income 1,625 1,170 1,420
Paid-in-kind interest 2,106 1,235 1,456
Dividend income 5,169 2,414 2,407
Other income   3  
From controlled investments:      
Interest income 745 2  
Paid-in-kind interest 732    
Dividend income 2,358 3,200 2,200
Total investment income 116,717 93,986 77,113
Expenses:      
Interest and other debt financing costs 31,880 19,766 15,485
Management fees 16,344 14,118 11,438
Income based incentive fees 11,214 9,849 8,639
Capital gains based incentive fees (6,324) 6,324  
Professional fees 1,302 1,769 1,460
Directors’ fees 524 475 437
Other general and administrative expenses 2,660 2,628 2,544
Total expenses 57,600 54,929 40,003
Management fees waiver (229) (3,302) (4,672)
Income based incentive fees waiver (538) (7,517) (8,639)
Net expenses 56,833 44,110 26,692
Net investment income before taxes 59,884 49,876 50,421
(Benefit) provision for income and excise taxes 155 2,250 541
Net investment income 59,729 47,626 49,880
Net realized gain (loss) on:      
Non-controlled non-affiliated investments 1,157 3,687 (10,889)
Non-controlled affiliated investments 7,098 28,810 (4,314)
Controlled investments (3,301)    
Foreign currency transactions (33) 311 (83)
Foreign currency forward contracts 24 (193)  
Net change in unrealized appreciation (depreciation) on:      
Non-controlled non-affiliated investments and foreign currency translation (43,818) 12,535 7,437
Non-controlled affiliated investments (9,419) (10,464) 19,686
Controlled investments (1,600) 602 (1,707)
Foreign currency forward contracts 6,513 2,116 (1,324)
Net realized and unrealized gains (losses) on investments (43,379) 37,404 8,806
Realized loss on asset acquisition [1]     3,825
Net realized and unrealized gains losses on investments and asset acquisition, Total (43,379) 37,404 4,981
Benefit (provision) for taxes on realized gain on investments (911) (1,177) 46
Benefit (provision) for taxes on unrealized appreciation (depreciation) on investments 105 (220) (235)
Net increase (decrease) in net assets resulting from operations $ 15,544 $ 83,633 $ 54,672
Per common share data:      
Net increase (decrease) in net assets resulting from operations per share (basic and diluted): $ 0.50 $ 2.94 $ 1.98
Net investment income per share (basic): 1.93 1.67 1.80
Net investment income per share (diluted): $ 1.93 $ 1.67 $ 1.80
Weighted average shares outstanding (basic): 30,887,360 28,477,771 27,681,757
Weighted average shares outstanding (diluted): 30,887,360 28,477,771 27,681,757
[1] After the close of business on January 31, 2020, in connection with the Alcentra Acquisition (as defined in Note 1 and further discussed in Note 14), the Company acquired net assets of $114,431 which included $195,682 of investments, $3,409 cash and cash equivalents and $1,398 of other assets, net of $86,058 of assumed liabilities, for the total cash and stock consideration of $118,256, inclusive of $7,250 of asset acquisition costs.