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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Fee income:    
Other income $ 57 $ 2
Total investment income 40,361 22,543
Compensation 2,510 1,542
Share-based compensation 963 821
Interest 9,681 5,484
Professional fees 955 849
General and administrative 1,249 1,217
Total operating expenses 15,358 9,913
Income before taxes 25,003 12,630
Federal income, excise and other taxes 599 73
Deferred taxes (152) 119
Total income tax provision 447 192
Net investment income 24,556 12,438
Realized (loss) gain    
Income tax provision (321) (244)
Total net realized (loss) gain on investments, net of tax (12,782) 2,320
Net unrealized appreciation (depreciation) on investments    
Income tax provision (20) (1,081)
Total net unrealized appreciation (depreciation) on investments, net of tax 12,038 (12,248)
Net realized and unrealized (losses) gains on investments (744) (9,928)
Net increase in net assets from operations $ 23,812 $ 2,510
Pre-tax net investment income per share - basic (in usd per share) $ 0.67 $ 0.50
Pre-tax net investment income per share - diluted (in usd per share) 0.67 0.50
Net investment income per share – basic (in usd per share) 0.65 0.49
Net investment income per share – diluted (in usd per share) 0.65 0.49
Net increase in net assets from operations – basic (in usd per share) 0.63 0.10
Net increase in net assets from operations – diluted (in usd per share) $ 0.63 $ 0.10
Weighted average shares outstanding – basic (in share) 37,597,884 25,513,534
Weighted average shares outstanding – diluted (in share) 37,597,884 25,513,534
Non-control/Non-affiliate investments    
Interest income:    
Interest income $ 30,640 $ 15,748
Payment-in-kind interest income:    
Payment-in-kind interest income 914 416
Dividend income:    
Dividend income 499 550
Fee income:    
Fee income 945 1,290
Realized (loss) gain    
Realized (loss) gain (5,806) 2,549
Net unrealized appreciation (depreciation) on investments    
Unrealized gain (loss) 2,283 (4,551)
Affiliate investments    
Interest income:    
Interest income 4,179 2,512
Payment-in-kind interest income:    
Payment-in-kind interest income 742 271
Dividend income:    
Dividend income 60 101
Fee income:    
Fee income 157 118
Realized (loss) gain    
Realized (loss) gain (6,655) 15
Net unrealized appreciation (depreciation) on investments    
Unrealized gain (loss) 9,169 (714)
Control investments    
Dividend income:    
Dividend income 2,144 1,535
Fee income:    
Fee income 24 0
Net unrealized appreciation (depreciation) on investments    
Unrealized gain (loss) $ 606 $ (5,902)