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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Summary of Computation of Basic and Diluted Earnings per Common Share

The following table sets forth the computation of the basic and diluted earnings per common share for the three months ended March 31, 2024 and 2023 (in thousands except shares and per share information):

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

March 31, 2024

 

 

March 31, 2023

 

Earnings per common share - basic

 

 

 

 

 

 

Numerator for basic earnings per share

 

$

14,508

 

 

$

22,486

 

Denominator for basic weighted average shares

 

 

46,748,386

 

 

 

35,074,076

 

Earnings/(Loss) per common share - basic

 

$

0.31

 

 

$

0.64

 

Earnings per common share - diluted

 

 

 

 

 

 

Numerator for increase in net assets per share

 

 

14,508

 

 

 

22,486

 

Adjustment for interest expense, fees, and deferred financing costs on Convertible Notes

 

 

916

 

 

 

910

 

Numerator for diluted earnings per share

 

 

15,424

 

 

 

23,396

 

Denominator for basic weighted average shares

 

 

46,748,386

 

 

 

35,074,076

 

Adjustment for dilutive effect of Convertible Notes

 

 

3,847,265

 

 

 

3,666,795

 

Denominator for diluted weighted average shares

 

 

50,595,651

 

 

 

38,740,871

 

Earnings/(Loss) per common share - diluted

 

$

0.30

 

 

$

0.60