Quarterly report [Sections 13 or 15(d)]

ORGANIZATION AND BASIS OF PRESENTATION (Tables)

v3.25.3
ORGANIZATION AND BASIS OF PRESENTATION (Tables)
 9 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments The impact of the adjustments on the Consolidated Statement of Operations for the three and nine months ended September 30, 2024 is as follows:
Three Months Ended September 30, 2024
As Previously Reported Adjustments As Revised
(in thousands, except per share amounts)
Net investment income before taxes $ 87,596  $ —  $ 87,596 
Excise tax expense —  (458) (458)
Federal and state income and other tax expenses —  (2,758) (2,758)
Net investment income 87,596  (3,216) 84,380 
Net investment income per share $ 1.00  $ (0.04) $ 0.96 
Income tax provision on net realized gain (loss) and net unrealized appreciation $ —  $ (8,493) $ (8,493)
Total income tax (provision) benefit $ (11,709) $ 11,709  $ — 
Nine Months Ended September 30, 2024
As Previously Reported Adjustments As Revised
(in thousands, except per share amounts)
Net investment income before taxes $ 264,706  $ —  $ 264,706 
Excise tax expense —  (1,652) (1,652)
Federal and state income and other tax expenses —  (8,340) (8,340)
Net investment income 264,706  (9,992) 254,714 
Net investment income per share $ 3.07  $ (0.12) $ 2.95 
Income tax provision on net realized gain (loss) and net unrealized appreciation $ —  $ (23,727) $ (23,727)
Total income tax (provision) benefit $ (33,719) $ 33,719  $ —