Earnings Per Share (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2023 and September 30, 2022:


	Three Months Ended				Nine Months Ended
	September 30, 2023		September 30, 2022		September 30, 2023		September 30, 2022
Earnings per share—basic
Numerator for basic earnings per share:	$	28,696	$	7,705	$	108,099	$	59,851
Denominator for basic weighted average share:	100,954,898		100,830,075		100,943,049		99,955,432
Basic earnings per share:	$	0.28	$	0.08	$	1.07	$	0.60
Earnings per share—diluted(1)
Numerator for increase in net assets per share	$	28,696	$	7,705	$	108,099	$	59,851
Adjustment for interest on Convertible Notes and incentive fees, net	4,557		2,314		14,314		6,943
Numerator for diluted earnings per share:	$	33,253	$	10,019	$	122,413	$	66,794
Denominator for basic weighted average share	100,954,898		100,830,075		100,943,049		99,955,432
Adjustment for dilutive effect of Convertible Notes	22,228,371		13,257,585		23,652,660		13,257,585
Denominator for diluted weighted average share	123,183,269		114,087,660		124,595,709		113,213,017
Diluted earnings per share:	$	0.27	$	0.08	$	0.98	$	0.59

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