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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Fee income:    
Other income $ 542 $ 57
Total investment income 51,354 40,361
Compensation 3,466 2,510
Share-based compensation 1,224 963
Interest 12,447 9,681
Professional fees 1,357 955
General and administrative 1,574 1,249
Total operating expenses 20,068 15,358
Income before taxes 31,286 25,003
Federal income, excise and other taxes 217 599
Deferred taxes 2,210 (152)
Total income tax provision 2,427 447
Net investment income 28,859 24,556
Realized gain (loss)    
Income tax provision 0 (321)
Total net realized gain (loss) on investments, net of tax 711 (12,782)
Net unrealized (depreciation) appreciation on investments    
Income tax benefit (provision) 276 (20)
Total net unrealized (depreciation) appreciation on investments, net of tax (15,535) 12,038
Net realized and unrealized (losses) gains on investments (14,824) (744)
Net increase in net assets from operations $ 14,035 $ 23,812
Pre-tax net investment income per share - basic (in usd per share) $ 0.69 $ 0.67
Pre-tax net investment income per share - diluted (in usd per share) 0.69 0.67
Net investment income per share – basic (in usd per share) 0.63 0.65
Net investment income per share – diluted (in usd per share) 0.63 0.65
Net increase in net assets from operations – basic (in usd per share) 0.31 0.63
Net increase in net assets from operations – diluted (in usd per share) $ 0.31 $ 0.63
Weighted average shares outstanding – basic (in share) 45,665,387 37,597,884
Weighted average shares outstanding – diluted (in share) 45,665,387 37,597,884
Non-control/Non-affiliate investments    
Interest income:    
Interest income $ 37,936 $ 30,640
Payment-in-kind interest income:    
Payment-in-kind interest income 2,473 914
Dividend income:    
Dividend income 2,367 499
Fee income:    
Fee income 1,964 945
Realized gain (loss)    
Realized gain (loss) 804 (5,806)
Net unrealized (depreciation) appreciation on investments    
Unrealized gain (loss) (12,360) 2,283
Affiliate investments    
Interest income:    
Interest income 4,759 4,179
Payment-in-kind interest income:    
Payment-in-kind interest income 578 742
Dividend income:    
Dividend income 51 60
Fee income:    
Fee income 334 157
Realized gain (loss)    
Realized gain (loss) 167 (6,655)
Net unrealized (depreciation) appreciation on investments    
Unrealized gain (loss) (4,221) 9,169
Control investments    
Interest income:    
Interest income 292 0
Dividend income:    
Dividend income 0 2,144
Fee income:    
Fee income 58 24
Realized gain (loss)    
Realized gain (loss) (260) 0
Net unrealized (depreciation) appreciation on investments    
Unrealized gain (loss) $ 770 $ 606