Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Changes in Net Assets

v3.23.3
Consolidated Statements of Changes in Net Assets - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2023
Sep. 30, 2022
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance at beginning of period (in shares)     78,463,599       78,463,599  
Balance at beginning of period $ 2,254,948 $ 2,172,922 $ 2,108,586 $ 1,865,163 $ 1,873,654 $ 1,788,846 $ 2,108,586 $ 1,788,846
Public offering of common stock, net of offering costs 81,060 43,204 40,896 105,349 25,633 63,522    
Share‑based compensation 4,164 4,087 4,100 3,617 3,596 2,818    
Purchase of vested stock for employee payroll tax withholding   (5,546) (404) (48) (4,895)      
Dividend reinvestment (in shares)             574,323 410,415
Dividend reinvestment 8,103 6,880 7,808 6,557 5,000 4,813 $ 22,791 $ 16,370
Amortization of directors’ deferred compensation 102 109 121 121 130 147    
Issuance of restricted stock, net of forfeited shares   0     0      
Dividends to stockholders (80,831) (73,224) (67,777) (56,677) (52,704) (51,695)    
Net increase resulting from operations $ 103,261 106,516 79,592 55,338 14,749 65,203 $ 289,366 135,287
Balance at ending of period (in shares) 83,677,488           83,677,488  
Balance at ending of period $ 2,370,807 $ 2,254,948 $ 2,172,922 $ 1,979,420 $ 1,865,163 $ 1,873,654 $ 2,370,807 $ 1,979,420
Common Stock                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance at beginning of period (in shares) 81,431,006 79,794,089 78,506,816 73,517,558 72,370,407 70,737,021 78,506,816 70,737,021
Balance at beginning of period $ 814 $ 797 $ 784 $ 735 $ 723 $ 707 $ 784 $ 707
Public offering of common stock, net of offering costs (in shares) 2,039,641 1,096,514 1,058,914 2,618,225 662,828 1,502,430    
Public offering of common stock, net of offering costs $ 20 $ 11 $ 11 $ 26 $ 7 $ 15    
Purchase of vested stock for employee payroll tax withholding (in shares)   (140,569) (10,489) (1,106) (115,071)      
Purchase of vested stock for employee payroll tax withholding   $ (1)     $ (1)      
Dividend reinvestment (in shares) 200,150 174,891 199,282 164,216 132,156 114,043    
Dividend reinvestment $ 2 $ 2 $ 2 $ 2 $ 1 $ 1    
Issuance of restricted stock, net of forfeited shares (in shares) 6,691 506,081 39,566 9,937 467,238 16,913    
Issuance of restricted stock, net of forfeited shares   $ 5     $ 5      
Balance at ending of period (in shares) 83,677,488 81,431,006 79,794,089 76,308,830 73,517,558 72,370,407 83,677,488 76,308,830
Balance at ending of period $ 836 $ 814 $ 797 $ 763 $ 735 $ 723 $ 836 $ 763
Additional Paid-In Capital                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance at beginning of period 2,132,041 2,083,175 2,030,531 1,837,305 1,807,739 1,736,346 2,030,531 1,736,346
Public offering of common stock, net of offering costs 81,040 43,193 40,885 105,323 25,626 63,507    
Share‑based compensation 4,164 4,087 4,100 3,617 3,596 2,818    
Purchase of vested stock for employee payroll tax withholding   (5,545) (404) (48) (4,894)      
Dividend reinvestment 8,101 6,878 7,806 6,555 4,999 4,812    
Amortization of directors’ deferred compensation 102 109 121 121 130 147    
Issuance of restricted stock, net of forfeited shares   (5)     (5)      
Dividends to stockholders 166 149 136 119 114 109    
Balance at ending of period 2,225,614 2,132,041 2,083,175 1,952,992 1,837,305 1,807,739 2,225,614 1,952,992
Total Undistributed (Overdistributed) Earnings                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance at beginning of period 122,093 88,950 77,271 27,123 65,192 51,793 77,271 51,793
Dividends to stockholders (80,997) (73,373) (67,913) (56,796) (52,818) (51,804)    
Net increase resulting from operations 103,261 106,516 79,592 55,338 14,749 65,203    
Balance at ending of period $ 144,357 $ 122,093 $ 88,950 $ 25,665 $ 27,123 $ 65,192 $ 144,357 $ 25,665