Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

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 six months ended June 30, 2023 and June 30, 2022:


	Three Months Ended				Six Months Ended
	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Earnings per share—basic
Numerator for basic earnings per share:	$	34,830	$	15,954	$	79,403	$	52,146
Denominator for basic weighted average share:	100,937,026		100,596,188		100,937,026		99,510,862
Basic earnings per share:	$	0.35	$	0.16	$	0.79	$	0.52
Earnings per share—diluted(1)
Numerator for increase in net assets per share	$	34,830	$	15,954	$	79,403	$	52,146
Adjustment for interest on Convertible Notes and incentive fees, net	5,243		2,314		9,757		4,629
Numerator for diluted earnings per share:	$	40,073	$	18,268	$	89,160	$	56,775
Denominator for basic weighted average share	100,937,026		100,596,188		100,937,026		99,510,862
Adjustment for dilutive effect of Convertible Notes	26,079,884		13,257,585		24,376,608		13,257,585
Denominator for diluted weighted average share	127,016,910		113,853,773		125,313,634		112,768,447
Diluted earnings per share:	$	0.32	$	0.16	$	0.71	$	0.50

(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 and six months ended June 30, 2023 and for the six months ended June 30, 2022, there was no anti-dilution. For the three months ended June 30, 2022, there was anti-dilution.