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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Investment income:        
Payment-in-kind interest income $ 3,008 $ 1,621 $ 6,002 $ 3,733
Dividend income 411 139 563 244
Other income 2,559 402 2,660 640
Total investment income 97,812 50,560 181,796 96,412
Operating expenses:        
Interest and other debt financing expenses 30,372 13,066 57,592 25,155
Base management fees 10,007 5,382 18,627 10,229
Incentive fees 6,487 3,080 13,531 7,231
Professional fees 551 513 1,054 823
Administrative service fees 604 392 1,249 762
General and administrative expenses 914 557 1,993 1,062
Directors’ fees 37 23 75 46
Total operating expenses 48,972 23,013 94,121 45,308
Net investment income before income taxes 48,840 27,547 87,675 51,104
Income taxes, including excise taxes 349 189 474 384
Net investment income 48,491 27,358 87,201 50,720
Net realized gain (loss):        
Non-controlled/non-affiliate company investments     224 (660)
Foreign currency forward contracts 0 1,708 2 1,741
Foreign currency and other transactions 112 180 94 176
Net realized gain (loss) 332 284 320 1,257
Net change in unrealized gain (loss):        
Unrealized gain (loss) of investments     5,222 1,797
Foreign currency forward contracts (672) (3,272) 1,681 (3,159)
Foreign currency and other transactions (346) 1 293 0
Net change in unrealized gain (loss) (3,413) (6,080) 7,196 (1,362)
Net gain (loss) (3,081) (5,796) 7,516 (105)
Net increase (decrease) in net assets resulting from operations $ 45,410 $ 21,562 $ 94,717 $ 50,615
Per common share data:        
Net investment income per share - basic (in dollars per share) $ 0.31 $ 0.31 $ 0.60 $ 0.62
Net investment income per share - diluted (in dollars per share) 0.31 0.31 0.60 0.62
Net increase (decrease) in net assets resulting from operations per share - basic (in dollars per share) 0.29 0.25 0.65 0.62
Net increase (decrease) in net assets resulting from operations per share - diluted (in dollars per share) $ 0.29 $ 0.25 $ 0.65 $ 0.62
Weighted average common shares outstanding - basic (in shares) 158,338 87,873 145,042 82,020
Weighted average common shares outstanding - diluted (in shares) 158,338 87,873 145,042 82,020
Non-controlled/non-affiliate company investments        
Investment income:        
Interest income $ 90,564 $ 47,638 $ 170,272 $ 90,452
Payment-in-kind interest income 2,931 1,621 5,856 3,733
Dividend income 411 304 563 409
Other income 2,559 383 2,660 621
Total investment income 96,465 49,946 179,351 95,215
Net realized gain (loss):        
Non-controlled/non-affiliate company investments 220 (1,604) 224 (660)
Net change in unrealized gain (loss):        
Unrealized gain (loss) of investments 7,017 (2,929) 15,277 1,075
Non-controlled/affiliate company investments        
Investment income:        
Interest income 1,270 614 2,299 1,197
Payment-in-kind interest income 77 0 146 0
Other income     0 0
Total investment income 1,347 614 2,445 1,197
Net realized gain (loss):        
Non-controlled/non-affiliate company investments     0 0
Net change in unrealized gain (loss):        
Unrealized gain (loss) of investments $ (9,412) $ 120 $ (10,055) $ 722