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Consolidated Statement Of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
INVESTMENT INCOME        
Interest income [1] $ 35,300 $ 21,145 $ 95,333 $ 65,819
Other income 1,046 1,232 2,857 3,043
Total investment income 36,346 22,377 98,190 68,862
EXPENSES        
Base management fee to affiliate (Net of fee rebates of $423, $172, $950, and $172, respectively)(2) [2] 1,830 2,161 5,829 6,942
Incentive fee to affiliate 424 0 715 0
Interest expense [1] 15,678 8,166 40,624 21,794
Other investment related expenses        
Servicing expense [3] 2,200 991 5,430 2,899
Other [3] 2,184 917 5,677 2,588
Professional fees 820 633 2,324 2,012
Administration fees 186 175 549 537
Compensation expense 639 673 1,806 1,703
Insurance expense 120 120 366 378
Directors' fees and expenses 66 66 205 207
Share-based long term incentive plan unit expense 103 97 296 285
Other expenses 418 476 1,458 1,408
Total expenses 24,668 14,475 65,279 40,753
NET INVESTMENT INCOME 11,678 7,902 32,911 28,109
Net realized gain (loss) on:        
Investments 8,551 1,087 20,747 2,372
Financial derivatives, excluding currency hedges 479 (595) (2,251) (6,222)
Financial derivatives—currency hedges 297 (4,013) 1,881 (7,357)
Foreign currency transactions 775 4,726 1,433 6,234
Total net realized gain (loss) 10,102 1,205 21,810 (4,973)
Change in net unrealized gain (loss) on:        
Investments (13,372) (1,750) (12,767) 6,837
Other Secured Borrowings (358) 0 840 0
Financial derivatives, excluding currency hedges 173 (305) 9,922 (4,081)
Financial derivatives—currency hedges 528 2,026 1,404 1,162
Foreign currency translation (1,277) (2,483) (3,139) 712
Total change in net unrealized gain (loss) (14,306) (2,512) (3,740) 4,630
Total Change in Net Unrealized Gain Loss On Investments, Other Secured Borrowings, Financial derivatives, and Foreign currency translation (4,204) (1,307) 18,070 (343)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 7,474 6,595 50,981 27,766
Net Income (Loss) Attributable to Noncontrolling Interest 813 400 2,089 1,229
Net Income (Loss) Attributable to Parent $ 6,661 $ 6,195 $ 48,892 $ 26,537
NET INCREASE (DECREASE) IN SHAREHOLDERS' EQUITY RESULTING FROM OPERATIONS PER SHARE:        
Basic and Diluted (in usd per share) $ 0.22 $ 0.19 $ 1.58 $ 0.81
CASH DIVIDENDS PER SHARE:        
Dividends declared (in usd per share) $ 0.41 $ 0.45 $ 1.23 $ 1.35
[1] Includes interest income and interest expense of a consolidated securitization trust of $1.3 million and $0.7 million, respectively, for the three-month period ended September 30, 2018. Includes interest income and interest expense of a consolidated securitization trust of $3.9 million and $2.4 million, respectively, for the nine-month period ended September 30, 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.