XML 20 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statement Of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
INVESTMENT INCOME    
Interest income(1) [1] $ 28,092 $ 22,886
Other income 716 939
Total investment income 28,808 23,825
EXPENSES    
Base management fee to affiliate (Net of fee rebates of $275 and $0, respectively)(2) [2] 1,978 2,410
Interest expense(1) [1] 11,562 6,003
Other investment related expenses(3)    
Servicing expense [3] 1,456 945
Other [3] 1,496 576
Professional fees 648 682
Administration fees 179 182
Compensation expense 510 463
Insurance expense 125 136
Directors' fees and expenses 73 71
Share-based long term incentive plan unit expense 93 94
Other expenses 446 488
Total expenses 18,566 12,050
NET INVESTMENT INCOME 10,242 11,775
Net realized gain (loss) on:    
Investments 12,584 594
Financial derivatives, excluding currency hedges 902 (1,581)
Financial derivatives—currency hedges (2,204) (822)
Foreign currency transactions 1,769 978
Total net realized gain (loss) 13,051 (831)
Change in net unrealized gain (loss) on:    
Investments (6,851) 5,758
Other Secured Borrowings 784 0
Financial derivatives, excluding currency hedges 3,197 (1,157)
Financial derivatives—currency hedges 800 330
Foreign currency translation 101 (145)
Total change in net unrealized gain (loss) (1,969) 4,786
Total Change in Net Unrealized Gain Loss On Investments, Other Secured Borrowings, Financial derivatives, and Foreign currency translation 11,082 3,955
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 21,324 15,730
Net Income (Loss) Attributable to Noncontrolling Interest 285 452
Net Income (Loss) Attributable to Parent $ 21,039 $ 15,278
NET INCREASE (DECREASE) IN SHAREHOLDERS' EQUITY RESULTING FROM OPERATIONS PER SHARE:    
Basic and Diluted (in usd per share) $ 0.67 $ 0.47
CASH DIVIDENDS PER SHARE:    
Dividends declared (in usd per share) $ 0.41 $ 0.45
[1] Includes interest income and interest expense of a consolidated securitization trust of $1.3 million and $0.9 million, respectively, for the three month period ended March 31, 2018. See Note 6 for further details on the Company's consolidated securitization trust.
[2] See Note 9 for further details on management fee rebates.
[3] Conformed to current period presentation.