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Income Taxes (Tables)
3 Months Ended
Mar. 31, 2023
Income Tax Disclosure [Abstract]  
Summary of Aggregate Investment Unrealized Appreciation and Depreciation

The Company’s aggregate investment unrealized appreciation and depreciation for federal income tax purposes was as follows (in thousands):

 

 

 

 

As of
March
31, 2023

 

 

As of
December
31, 2022

 

Tax Cost

 

 

 

$

1,609,941

 

 

$

1,295,847

 

Gross Unrealized Appreciation

 

 

 

$

11,201

 

 

$

9,274

 

Gross Unrealized Depreciation

 

 

 

 

(55,097

)

 

 

(42,164

)

 

Net Unrealized Investment Appreciation (Depreciation)

 

$

(43,896

)

 

$

(32,890

)

Schedule of Income Taxes and Excise Taxes

The Company recognized the following income taxes related to Taxable Subsidiaries and excise taxes related to the Company’s status as a RIC:

 

 

 

For the three months ended March 31,

 

 

 

 

2023

 

 

2022

 

 

Income tax (benefit) provision

 

$

-

 

 

$

64

 

 

Excise tax (benefit) provision

 

 

201

 

 

 

90

 

 

(Benefit) provision for income and excise taxes

 

$

201

 

 

$

154

 

 

Schedule of Benefits (Provisions) for Taxes on Realized and Unrealized Appreciation and Depreciation on Investments

The Company recognized the following benefits (provisions) for taxes on realized and unrealized appreciation and depreciation on investments:

 

 

 

For the three months ended March 31,

 

 

 

 

2023

 

 

2022

 

 

Benefit (provision) for taxes on realized gain on
   investments

 

$

252

 

 

$

(217

)

 

Benefit (provision) for taxes on unrealized appreciation
   (depreciation) on investments

 

 

(40

)

 

 

196

 

 

Benefit (provision) for taxes on realized and unrealized
   appreciation (depreciation) on investments

 

$

212

 

 

$

(21

)