Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

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CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Balance (Shares) 116,619,000 114,726,000 107,364,000
Common stock, par value $ 117    
Capital in excess of par value 1,091,907    
Distributable Earnings (loss) 216,523 $ 133,391  
Beginning Balance (1,308,547) (1,291,704) $ (1,133,049)
Net increase (decrease) in net assets resulting from operations $ 102,081 $ 174,155 $ 227,261
Public offering, net of offering expenses (Shares) 14,600,000 600,000 6,300,000
Public offering, net of offering expenses $ 229,659 $ 10,620 $ 77,180
Issuance of common stock due to stock option exercises 720 3,903 662
Retired shares from net issuance of stock options exercises $ (208) $ (1,205) $ (682)
Distributions reinvested in common stock (Shares) 259,466 248,041 280,690
Distributions reinvested in common stock $ 3,953 $ 4,074 $ 3,339
Distributions 249,077 179,575 155,761
Stock-based compensation [1] $ 10,828 $ 10,385 $ 8,473
Balance (Shares) 133,045,000 116,619,000 114,726,000
Common stock, par value $ 134 $ 117  
Capital in excess of par value 1,341,416 1,091,907  
Distributable Earnings (loss) 59,909 216,523 $ 133,391
Ending Balance (1,401,459) (1,308,547) (1,291,704)
Restricted Stock      
Retired shares from net issuance of stock options exercises $ (5,808) $ (5,514) $ (1,817)
Common Stock      
Balance (Shares) 116,619,000 114,726,000 107,364,000
Common stock, par value $ 117 $ 115 $ 108
Public offering, net of offering expenses (Shares) 14,559,000 639,000 6,272,000
Public offering, net of offering expenses $ 15 $ 1 $ 6
Issuance of common stock due to stock option exercises (Shares) 59,000 284,000 54,000
Retired shares from net issuance of stock options exercises (Shares) (14,000) (69,000) (47,000)
Issuance of common stock under restricted stock plan (Shares) 863,000 1,027,000 862,000
Issuance of common stock under restricted stock plan $ 1 $ 1 $ 1
Distributions reinvested in common stock (Shares) 259,000 248,000 280,000
Distributions $ (246,873) $ (177,864) $ (154,658)
Issuance of common stock from conversion of 2022 Convertible Notes $ 1    
Issuance of common stock from conversion of 2022 Convertible Notes 981,000    
Balance (Shares) 133,045,000 116,619,000 114,726,000
Common stock, par value $ 134 $ 117 $ 115
Common Stock | Restricted Stock      
Retired shares from net issuance of stock options exercises (Shares) (281,000) (236,000) (59,000)
Capital in Excess of Par Value      
Capital in excess of par value $ 1,091,907 $ 1,158,198 $ 1,145,106
Public offering, net of offering expenses 229,644 10,619 77,174
Issuance of common stock due to stock option exercises 720 3,903 662
Adjustments to Additional Paid in Capital, Other 9,618 (88,552) (74,056)
Retired shares from net issuance of stock options exercises (208) (1,205) (682)
Issuance of common stock under restricted stock plan (763) (1) (1)
Distributions reinvested in common stock 3,953 4,074 3,339
Issuance of common stock from conversion of 2022 Convertible Notes (1)    
Stock-based compensation [1] 10,828 10,385 8,473
Capital in excess of par value 1,341,416 1,091,907 1,158,198
Capital in Excess of Par Value | Restricted Stock      
Retired shares from net issuance of stock options exercises (5,808) (5,514) (1,817)
Distributable Earnings (Loss)      
Distributable Earnings (loss) 216,523 133,391 (12,165)
Net increase (decrease) in net assets resulting from operations 102,081 174,155 227,261
Adjustments to Additional Paid in Capital, Other (9,618) 88,552 74,056
Distributions 249,077 179,575 155,761
Distributable Earnings (loss) $ 59,909 $ 216,523 $ 133,391
[1] Stock-based compensation includes $149 thousand, $125 thousand, and $106 thousand of restricted stock and option expense related to director compensation for the years ended December 31, 2022, 2021 and 2020, respectively.