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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Investment income:    
PIK income $ 4,188 $ 3,721
Other income 963 2,236
Total investment income 58,375 47,509
Expenses:    
Base management fees (Note 4) 7,236 7,050
Incentive fees (Note 4) 5,472 5,228
Professional fees 689 783
Administrative service fees (Note 4) 28 406
Interest expense and credit facility fees (Note 7) 17,281 7,616
Directors’ fees and expenses 123 160
Other general and administrative 453 394
Total expenses 31,282 21,637
Net investment income (loss) before taxes 27,093 25,872
Excise tax expense 523 353
Net investment income (loss) 26,570 25,519
Net realized gain (loss) on investments:    
Net realized gain (loss) on investments (13,315) 5,839
Net realized currency gain (loss) on non-investment assets and liabilities (53) (368)
Net change in unrealized appreciation (depreciation) on investments:    
Net change in unrealized appreciation (depreciation) on investments 16,015 (2,572)
Net change in unrealized currency gains (losses) on non-investment assets and liabilities (1,230) 2,265
Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investments and non-investment assets and liabilities 1,417 5,164
Net increase (decrease) in net assets resulting from operations 27,987 30,683
Preferred stock dividend 875 875
Net increase (decrease) in net assets resulting from operations attributable to Common Stockholders $ 27,112 $ 29,808
Basic and diluted earnings per share    
Basic (in dollars per share) $ 0.53 $ 0.56
Diluted (in dollars per share) $ 0.50 $ 0.53
Weighted-average common shares outstanding    
Basic (in shares) 50,887,075 52,892,054
Diluted (in shares) 56,289,347 58,194,422
Non-controlled/non-affiliated    
Investment income:    
Interest income $ 43,254 $ 30,107
PIK income 4,188 3,721
Other income 961 1,962
Total investment income 48,403 35,790
Net realized gain (loss) on investments:    
Net realized gain (loss) on investments (13,503) 4,575
Net change in unrealized appreciation (depreciation) on investments:    
Net change in unrealized appreciation (depreciation) on investments 12,906 (11,243)
Non-controlled/affiliated    
Investment income:    
Interest income 1,694 48
Other income 2 2
Total investment income 1,696 50
Net change in unrealized appreciation (depreciation) on investments:    
Net change in unrealized appreciation (depreciation) on investments 4,976 614
Controlled/affiliated    
Investment income:    
Interest income 0 3,873
Dividend income 8,276 7,524
Other income 0 272
Total investment income 8,276 11,669
Net realized gain (loss) on investments:    
Net realized gain (loss) on investments 188 1,264
Net change in unrealized appreciation (depreciation) on investments:    
Net change in unrealized appreciation (depreciation) on investments $ (1,867) $ 8,057