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Earnings Per Share | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | 9. Earnings Per Share Shares used in the computation of the Company’s basic and diluted earnings per share are as follows:
(in thousands, except per share data) |  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Numerator |  |  |  |  |  |
Net increase (decrease) in net assets resulting from operations |  | $ | 337,484 |  |  | $ | 102,081 |  |  | $ | 174,155 |
Less: Total distributions declared |  | (278,301) |  |  | (249,077) |  |  | (179,575) |
Total Earnings, net of total distributions |  | 59,183 |  |  | (146,996) |  |  | (5,420) |
Earnings, net of distributions attributable to common shares |  | 58,593 |  |  | (146,995) |  |  | (5,420) |
Add: Distributions declared attributable to common shares |  | 275,548 |  |  | 246,873 |  |  | 177,864 |
Numerator for basic and diluted change in net assets per common share |  | $ | 334,141 |  |  | $ | 99,878 |  |  | $ | 172,444 |
Denominator |  |  |  |  |  |
Basic weighted average common shares outstanding |  | 144,091 |  |  | 125,189 |  |  | 114,742 |
Incremental shares from assumed conversion of 2022 Convertible Notes |  | — |  |  | — |  |  | 512 |
Common shares issuable |  | 735 |  |  | 1,470 |  |  | 701 |
Weighted average common shares outstanding assuming dilution |  | 144,826 |  |  | 126,659 |  |  | 115,955 |
Change in net assets per common share: |  |  |  |  |  |
Basic |  | $ | 2.32 |  |  | $ | 0.80 |  |  | $ | 1.50 |
Diluted |  | $ | 2.31 |  |  | $ | 0.79 |  |  | $ | 1.49 |
In the table above, unvested share-based payment awards that have non-forfeitable rights to distributions or distribution equivalents are treated as participating securities for calculating earnings per share. Unvested common stock options and restricted stock units are also considered for the purpose of calculating diluted earnings per share. Diluted EPS was computed using the if-converted method as it was determined to be the most dilutive method. The calculation of change in net assets resulting from operations per common share—assuming dilution, excludes all anti-dilutive shares. For the years ended December 31, 2023, 2022 and 2021, the number of anti-dilutive shares, as calculated based on the weighted average closing price of the Company’s common stock for the periods, are as follows:
|  | Year Ended December 31,
Anti-dilutive Securities |  | 2023 |  | 2022 |  | 2021 |
Unvested common stock options |  | 1,496 |  | 2,085 |  | 690 |
Restricted stock units* |  | 4,357 |  | — |  | 20 |
Unvested restricted stock awards |  | 30,028 |  | 2,116 |  | 861 |
*Included in these amounts are shares related to certain equity-based awards, which are fully vested but have not been delivered and thus not outstanding for purposes of calculating earnings per share. As of December 31, 2023 and 2022, the Company was authorized to issue 200.0 million shares of common stock with a par value of $0.001. Each share of common stock entitles the holder to one vote.

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