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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2020
Investment income      
Total investment income $ 387,802 $ 307,125 $ 298,953
Expenses      
Interest and other debt financing expenses 89,378 65,739 74,858
Base management fee 73,866 61,858 59,243
Incentive fee 17,756 3,214 13,831
Professional fees 3,607 3,992 4,727
Administrative service fee 7,188 7,227 6,037
General and administrative expenses 1,720 1,423 1,198
Total expenses 193,515 143,453 159,894
Base management fee waived (Note 3) (1,904) (4,000) 0
Net expenses 191,611 139,453 159,894
Net investment income before taxes 196,191 167,672 139,059
Income tax 72 0 0
Net investment income after taxes 196,119 167,672 139,059
Net realized gain (loss) from:      
Net realized (gain) loss on investments 19,549 13,324 (18,680)
Foreign currency transactions (253) (5,419) 20
Forward currency contracts 1,080 0 0
Net realized gain (loss) on investments and foreign currency transactions 20,376 7,905 (18,660)
Net change in unrealized appreciation (depreciation) from:      
Debt and equity securities, unrealized gain (loss) (56,806) 160,175 (61,850)
Translation of assets and liabilities in foreign currencies (37,335) 3,917 (2,728)
Forward currency contracts 32,243 1,154 (949)
Net change in unrealized appreciation (depreciation) on investment transactions (61,898) 165,246 (65,527)
Net gain (loss) on investment transactions (41,522) 173,151 (84,187)
Provision for taxes on realized gain on investments (302) 0 0
Provision for taxes on unrealized appreciation on investments (855) (543) 0
Net increase (decrease) in net assets resulting from operations $ 153,440 $ 340,280 $ 54,872
Per Common Share Data      
Diluted earnings per common share (in dollars per share) $ 0.90 $ 2.03 $ 0.37
Basic earnings per common share (in dollars per share) 0.90 2.03 0.37
Dividends and distributions declared per common share (in dollars per share) $ 1.20 $ 1.16 $ 1.37
Diluted weighted average common shares outstanding (in shares) 170,674,570 167,994,042 148,913,560
Basic weighted average common shares outstanding (in shares) 170,674,570 167,994,042 148,913,560
Non-controlled/non-affiliate company investments      
Investment income      
Interest income $ 376,280 $ 295,421 $ 292,507
Dividend income 684 1,713 291
Fee income 4,232 4,962 1,760
Total investment income 381,196 302,096 294,558
Net realized gain (loss) from:      
Net realized (gain) loss on investments 19,383 17,245 (52)
Net change in unrealized appreciation (depreciation) from:      
Debt and equity securities, unrealized gain (loss) (43,796) 145,131 (64,216)
Non-controlled affiliate company investments      
Investment income      
Interest income 6,498 5,029 2,576
Fee income 6 12 0
Total investment income 6,504 5,041 2,576
Net realized gain (loss) from:      
Net realized (gain) loss on investments 166 (3,921) [1] (14,592)
Net change in unrealized appreciation (depreciation) from:      
Debt and equity securities, unrealized gain (loss) (6,886) 15,543 (622)
Controlled affiliate company investments      
Investment income      
Interest income 98 (12) (86)
Dividend income 0 0 1,905
Fee income 4 0 0
Total investment income 102 (12) 1,819
Net realized gain (loss) from:      
Net realized (gain) loss on investments 0 0 [2] (4,036)
Net change in unrealized appreciation (depreciation) from:      
Debt and equity securities, unrealized gain (loss) $ (6,124) $ (499) $ 2,988
[1] Transactions related to investments in non-controlled affiliates for the year ended September 30, 2021 were as follows:
Portfolio Company
Fair value as of September 30, 2020
Gross Additions(a)
Gross Reductions(b)
Net change in unrealized gain (loss)Net realized gain (loss)Fair value as of September 30, 2021Interest, dividend and fee income
Abita Brewing Co. LLC(c)
$— $27,863 $(20,062)$2,249 $— $10,050 $931 
Benetech, Inc.
2,672 410 (795)112 — 2,399 349 
Dental Holdings Corporation
9,320 561 (13,657)1,792 1,984 — 462 
Elite Dental Partners LLC15,368 668 (75)991 — 16,952 955 
Paradigm DKD Group, LLC2,460 1,196 (1,215)186 — 2,627 19 
Rubio's Restaurants, Inc(d)
— 28,760 (16,470)11,008 (5,739)17,559 1,792 
Sloan Company, Inc., The
4,365 637 (574)900 (166)5,162 67 
Switchfly LLC
7,229 453 — (1,514)— 6,168 469 
Uinta Brewing Company
586 266 (209)(181)— 462 (3)
Total Non-Controlled Affiliates
$42,000 $60,814 $(53,057)$15,543 $(3,921)$61,379 $5,041 
[2] Transactions related to investments in controlled affiliates for the year ended September 30, 2021 were as follows:
Portfolio Company
Fair value as of September 30, 2020
Gross Additions(a)
Gross Reductions(b)
Net change in unrealized gain (loss)Net realized gain (loss)Fair value as of September 30, 2021Interest, dividend and fee income
MMan Acquisition Co.$18,736 $5,023 $(5,023)$(499)$— $18,237 $(12)
Total Controlled Affiliates
$18,736 $5,023 $(5,023)$(499)$— $18,237 $(12)