XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Fee income:        
Other income $ 42 $ 4 $ 62 $ 12
Total investment income 32,766 22,311 82,108 61,186
Compensation 3,381 3,353 7,177 7,083
Share-based compensation 992 849 2,873 2,848
Interest 7,937 4,655 20,050 15,015
Professional fees 666 607 2,325 1,956
General and administrative 1,111 1,010 3,396 2,968
Total operating expenses 14,087 10,474 35,821 29,870
Income before taxes 18,679 11,837 46,287 31,316
Federal income, excise and other taxes 217 68 468 283
Deferred taxes (963) (130) (488) 365
Total income tax (benefit) provision (746) (62) (20) 648
Net investment income 19,425 11,899 46,307 30,668
Realized (loss) gain        
Income tax (provision) benefit (95) (1,442) (260) (1,442)
Total net realized (loss) gain on investments, net of tax (11,086) 2,715 (17,401) 5,259
Net unrealized (depreciation) appreciation on investments        
Income tax (provision) benefit (3,437) 679 (6,012) (783)
Total net unrealized (depreciation) appreciation on investments, net of tax (5,390) (2,054) (13,989) 4,306
Net realized and unrealized (losses) gains on investments (16,476) 661 (31,390) 9,565
Realized loss on extinguishment of debt 0 0 0 (17,087)
Net increase (decrease) in net assets from operations $ 2,949 $ 12,560 $ 14,917 $ 23,146
Pre-tax net investment income per share - basic (in usd per share) $ 0.60 $ 0.51 $ 1.64 $ 1.40
Pre-tax net investment income per share - diluted (in usd per share) 0.60 0.51 1.64 1.40
Net investment income per share – basic (in usd per share) 0.62 0.51 1.64 1.37
Net investment income per share – diluted (in usd per share) 0.62 0.51 1.64 1.37
Net increase in net assets from operations – basic (in usd per share) 0.09 0.54 0.53 1.03
Net increase in net assets from operations – diluted (in usd per share) $ 0.09 $ 0.54 $ 0.53 $ 1.03
Weighted average shares outstanding – basic (in share) 31,381,360 23,432,522 28,304,309 22,393,935
Weighted average shares outstanding – diluted (in share) 31,381,360 23,432,522 28,304,309 22,393,935
Non-control/Non-affiliate investments        
Interest income:        
Interest income $ 24,411 $ 14,805 $ 59,791 $ 42,873
Payment-in-kind interest income:        
Payment-in-kind interest income 830 614 1,796 1,717
Dividend income:        
Dividend income 478 0 1,555 1,570
Fee income:        
Fee income 1,067 2,591 2,924 4,005
Realized (loss) gain        
Realized (loss) gain (6,267) 4,017 (6,114) 6,561
Net unrealized (depreciation) appreciation on investments        
Unrealized gain (loss) (2,244) 3,165 (4,186) 12,558
Affiliate investments        
Interest income:        
Interest income 3,228 2,116 8,227 4,774
Payment-in-kind interest income:        
Payment-in-kind interest income 671 200 1,776 951
Dividend income:        
Dividend income 0 9 101 9
Fee income:        
Fee income 110 267 362 413
Realized (loss) gain        
Realized (loss) gain (4,724) 140 (11,027) 140
Net unrealized (depreciation) appreciation on investments        
Unrealized gain (loss) 3,563 (3,849) 6,187 (4,700)
Control investments        
Dividend income:        
Dividend income 1,904 1,705 5,439 4,862
Fee income:        
Fee income 25 0 75 0
Net unrealized (depreciation) appreciation on investments        
Unrealized gain (loss) $ (3,272) $ (2,049) $ (9,978) $ (2,769)