Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

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CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Dec. 31, 2021
Beginning Balance $ 1,401,459 $ 1,308,547 $ 1,308,547  
Common stock, par value 134      
Capital in excess of par value 1,409,168   1,341,416  
Distributable Earnings (loss) 59,909      
Net increase in net assets resulting from operations 94,564 (3,336)    
Public offering, net of offering expenses $ 65,342 $ 85,249    
Public offering, net of offering expenses (Shares) 4,700,000 4,900,000    
Issuance of common stock due to stock option exercises $ 139 $ 454    
Retired shares from net issuance of stock options exercises (15) (32)    
Issuance of common stock under restricted stock plan 0      
Distributions reinvested in common stock $ 940 $ 1,025    
Distributions reinvested in common stock (Shares) 61,383 60,326    
Less: Distributions declared-common and restricted shares $ (64,774) $ (57,882) (249,077)  
Stock-based compensation (1) 2,853 [1] 3,117 [2]    
Capital in excess of par value 1,409,168   1,341,416  
Distributable Earnings (loss) 89,699   59,909  
Net assets at end of period $ 1,499,006 $ 1,333,448 1,401,459  
Ending Balance (Shares) 138,596,000 123,194,000    
Common stock, par value $ 139   $ 134  
Restricted Stock        
Retired shares from net issuance of stock options exercises $ (1,502) $ (3,694)    
Common Stock        
Beginning Balance (Shares) 133,045,000 116,619,000 116,619,000  
Common stock, par value $ 134 $ 117 $ 117  
Public offering, net of offering expenses $ 4 $ 5    
Public offering, net of offering expenses (Shares) 4,659,000 4,860,000    
Issuance of common stock due to stock option exercises (Shares) 10,000 37,000    
Retired shares from net issuance of stock options exercises (Shares) (1,000) (2,000)    
Issuance of common stock under restricted stock plan $ 1 $ 1    
Issuance of common stock under restricted stock plan (Shares) 937,000 765,000    
Distributions reinvested in common stock (Shares) 61,000 60,000    
Issuance of common stock from conversion of 2022 Convertible Notes   $ 1    
Issuance of common stock from conversion of 2022 Convertible Notes   981,000    
Less: Distributions declared-common and restricted shares $ 64,023 $ 57,261    
Ending Balance (Shares) 138,596,000 123,194,000 133,045,000  
Common stock, par value $ 139 $ 124 $ 134  
Common Stock | Restricted Stock        
Retired shares from net issuance of stock options exercises (Shares) (115,000) (126,000)    
Capital in Excess of Par Value        
Capital in excess of par value $ 1,409,168 $ 1,178,019 1,341,416 $ 1,091,907
Net increase in net assets resulting from operations      
Public offering, net of offering expenses 65,338 85,244    
Issuance of common stock due to stock option exercises 139 454    
Retired shares from net issuance of stock options exercises (15) (32)    
Issuance of common stock under restricted stock plan 1 (1)    
Distributions reinvested in common stock 940 1,025    
Issuance of common stock from conversion of 2022 Convertible Notes   (1)    
Stock-based compensation (1) 2,853 [1] 3,117 [2]    
Capital in excess of par value 1,409,168 1,178,019 1,341,416  
Capital in Excess of Par Value | Restricted Stock        
Retired shares from net issuance of stock options exercises (1,502) (3,694)    
Distributable Earnings (Loss)        
Distributable Earnings (loss) 59,909 216,523 216,523  
Net increase in net assets resulting from operations 94,564 (3,336)    
Less: Distributions declared-common and restricted shares (64,774) (57,882)    
Distributable Earnings (loss) $ 89,699 $ 155,305 $ 59,909  
[1] Stock-based compensation includes $20 thousand of restricted stock and option expense related to director compensation for the three months ended March 31, 2023.
[2] Stock-based compensation includes $40 thousand of restricted stock and option expense related to director compensation for the three months ended March 31, 2022.