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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net increase in net assets from operations $ 23,812 $ 2,510
Adjustments to reconcile net increase in net assets from operations to net cash used in operating activities:    
Purchases and originations of investments (104,106) (134,956)
Proceeds from sales and repayments of debt investments in portfolio companies 24,653 54,921
Proceeds from sales and return of capital of equity investments in portfolio companies 3,402 1,743
Payment of accreted original issue discounts 223 1,087
Depreciation and amortization 779 651
Net pension benefit (16) (31)
Realized loss (gain) on investments before income tax 12,461 (2,392)
Net unrealized (appreciation) depreciation on investments before income tax (12,058) 11,167
Accretion of discounts on investments (1,172) (848)
Payment-in-kind interest (1,999) (810)
Share-based compensation expense 963 821
Deferred income taxes (262) 1,201
Changes in other assets and liabilities:    
(Increase) decrease in dividend and interest receivable (1,647) 154
(Increase) decrease in escrow receivables (105) (17)
Decrease in tax receivable 266 0
Increase in other receivables (171) (2,090)
Decrease (increase) in other assets 260 (301)
Increase (decrease) in taxes payable 721 (1,083)
Decrease in other liabilities (1,630) (1,530)
Net cash used in operating activities (55,626) (69,803)
Cash flows from investing activities    
Acquisition of fixed assets (2) (156)
Net cash used in investing activities (2) (156)
Cash flows from financing activities    
Proceeds from common stock offering 44,888 46,051
Borrowings under credit facility 75,000 55,000
Repayments of credit facility (115,000) (45,000)
Debt issuance costs paid (322) (523)
Proceeds from issuance of SBA Debentures 4,878 39,026
Proceeds from issuance of August 2028 Notes 69,719 0
Dividends to shareholders (22,916) (16,615)
Common stock withheld for payroll taxes upon vesting of restricted stock (926) (641)
Net cash provided by financing activities 55,321 77,298
Net (decrease) increase in cash and cash equivalents (307) 7,339
Cash and cash equivalents at beginning of period 21,585 11,431
Cash and cash equivalents at end of period 21,278 18,770
Supplemental cash flow disclosures:    
Cash paid for income taxes 65 1,400
Cash paid for interest $ 5,975 $ 4,520