Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of Basic and Diluted Earnings Per Share

The following information sets forth the computation of basic and diluted net increase in the Company’s net assets per share resulting from operations for the three and nine months ended September 30, 2022 and September 30, 2021:


	Three Months Ended				Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Earnings per share—basic
Numerator for basic earnings per share:	$	7,705	$	21,847	$	59,851	$	149,149
Denominator for basic weighted average share:	100,830,075		96,906,988		99,955,432		96,854,474
Basic earnings per share:	$	0.08	$	0.23	$	0.60	$	1.54
Earnings per share—diluted(1)
Numerator for increase in net assets per share	$	7,705	$	21,847	$	59,851	$	149,149
Adjustment for interest on 2018 Convertible Notes and incentive fees, net	2,314		2,314		6,943		6,943
Numerator for diluted earnings per share:	$	10,019	$	24,161	$	66,794	$	156,092
Denominator for basic weighted average share	100,830,075		96,906,988		99,955,432		96,854,474
Adjustment for dilutive effect of 2018 Convertible Notes	13,257,585		13,257,585		13,257,585		13,257,585
Denominator for diluted weighted average share	114,087,660		110,164,573		113,213,017		110,112,059
Diluted earnings per share:	$	0.08	$	0.22	$	0.59	$	1.42

(1)In applying the if-converted method, conversion is not assumed for purposes of computing diluted earnings per share if the effect would be anti-dilutive. For the three months ended September 30, 2022 there was anti-dilution. For the nine months ended September 30, 2022 and the three and nine months ended September 30, 2021, there was no anti-dilution.