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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Investment Income:    
Paid-in-kind interest $ 852 $ 2,482
Total investment income 39,281 26,381
Expenses:    
Interest and other debt financing costs 12,370 5,471
Management fees 4,456 4,015
Income based incentive fees 3,692 2,718
Capital gains based incentive fees   721
Professional fees 311 452
Directors’ fees 168 117
Other general and administrative expenses 726 696
Total expenses 21,723 14,190
Management fees waiver (46) (56)
Income based incentive fees waiver (89) (44)
Net expenses 21,588 14,090
Net investment income before taxes 17,693 12,291
(Benefit) provision for income and excise taxes 201 154
Net investment income 17,492 12,137
Net realized gain (loss) on:    
Foreign currency transactions   153
Net change in unrealized appreciation (depreciation) on:    
Net realized and unrealized gains (losses) on investments (9,927) 4,093
Benefit (provision) for taxes on realized gain on investments 252 (217)
Benefit (provision) for taxes on unrealized appreciation (depreciation) on investments (40) 196
Net increase (decrease) in net assets resulting from operations $ 7,777 $ 16,209
Per common share data:    
Net increase (decrease) in net assets resulting from operations per share (basic and diluted): $ 0.24 $ 0.52
Net investment income per share (basic): 0.54 0.39
Net investment income per share (diluted): $ 0.54 $ 0.39
Weighted average shares outstanding (basic): 32,465,208 30,887,360
Weighted average shares outstanding (diluted): 32,465,208 30,887,360
Foreign Currency Forward Contracts    
Net realized gain (loss) on:    
Foreign currency transactions   $ 24
Foreign currency forward contracts   24
Net change in unrealized appreciation (depreciation) on:    
Foreign currency forward contracts $ (661) 95
Non-controlled Non-affiliated Investments    
Investment Income:    
Interest income 34,245 20,951
Paid-in-kind interest 618 315
Dividend income 4 9
Other income 46 89
Net realized gain (loss) on:    
Net realized gain (loss) on investments 252 1,306
Net change in unrealized appreciation (depreciation) on:    
Net change in unrealized appreciation (depreciation) on investments and foreign currency translation (5,554) (853)
Non-controlled Affiliated Investments    
Investment Income:    
Interest income 612 348
Paid-in-kind interest 49 2,039
Dividend income 628 2,274
Net realized gain (loss) on:    
Net realized gain (loss) on investments   7,113
Net change in unrealized appreciation (depreciation) on:    
Net change in unrealized appreciation (depreciation) on investments and foreign currency translation 365 (3,077)
Controlled Investments    
Investment Income:    
Interest income 167 182
Paid-in-kind interest 192 174
Dividend income 2,720  
Net change in unrealized appreciation (depreciation) on:    
Net change in unrealized appreciation (depreciation) on investments and foreign currency translation $ (4,329) $ (668)