Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Net Assets

v3.22.4
Consolidated Statements of Changes in Net Assets - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Balance at beginning of period (in shares) 70,700,885    
Balance at beginning of period $ 1,788,846 $ 1,514,767 $ 1,536,390
Public offering of common stock, net of offering costs 265,620 98,889 84,381
Share‑based compensation 13,629 10,887 10,828
Purchase of vested stock for employee payroll tax withholding $ (4,943) $ (5,303) $ (1,891)
Dividend reinvestment (in shares) 625,196 404,384 517,796
Dividend reinvestment $ 24,131 $ 16,283 $ 16,234
Amortization of directors’ deferred compensation 519 652 853
Issuance of restricted stock, net of forfeited shares 0 0 0
Dividends to stockholders (220,822) (178,091) (161,411)
Reclassification for certain permanent book-to-tax differences 0 0 0
Net increase resulting from operations $ 241,606 $ 330,762 29,383
Balance at ending of period (in shares) 78,463,599 70,700,885  
Balance at ending of period $ 2,108,586 $ 1,788,846 $ 1,514,767
Common Stock      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Balance at beginning of period (in shares) 70,737,021 67,762,032 64,252,937
Balance at beginning of period $ 707 $ 677 $ 643
Public offering of common stock, net of offering costs (in shares) 6,763,166 2,345,554 2,662,777
Public offering of common stock, net of offering costs $ 67 $ 24 $ 27
Purchase of vested stock for employee payroll tax withholding (in shares) (116,177) (134,238) (89,447)
Purchase of vested stock for employee payroll tax withholding $ (1) $ (1) $ (1)
Dividend reinvestment (in shares) 625,196 404,384 517,796
Dividend reinvestment $ 6 $ 4 $ 4
Issuance of restricted stock, net of forfeited shares (in shares) 497,610 359,289 417,969
Issuance of restricted stock, net of forfeited shares $ 5 $ 3 $ 4
Balance at ending of period (in shares) 78,506,816 70,737,021 67,762,032
Balance at ending of period $ 784 $ 707 $ 677
Additional Paid‑In Capital      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Balance at beginning of period 1,736,346 1,615,940 1,512,435
Public offering of common stock, net of offering costs 265,553 98,865 84,354
Share‑based compensation 13,629 10,887 10,828
Purchase of vested stock for employee payroll tax withholding (4,942) (5,302) (1,890)
Dividend reinvestment 24,125 16,279 16,230
Amortization of directors’ deferred compensation 519 652 853
Issuance of restricted stock, net of forfeited shares (5) (3) (4)
Dividends to stockholders 466 406 385
Reclassification for certain permanent book-to-tax differences (5,160) (1,378) (7,251)
Balance at ending of period 2,030,531 1,736,346 1,615,940
Total Undistributed Earnings      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Balance at beginning of period 51,793 (101,850) 23,312
Dividends to stockholders (221,288) (178,497) (161,796)
Reclassification for certain permanent book-to-tax differences 5,160 1,378 7,251
Net increase resulting from operations 241,606 330,762 29,383
Balance at ending of period $ 77,271 $ 51,793 $ (101,850)