Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 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 years ended December 31, 2023, December 31, 2022 and December 31, 2021:


	Year Ended December 31,
	2023		2022		2021
Earnings per share—basic
Numerator for basic earnings per share:	$	135,343	$	74,732	$	201,399
Denominator for basic weighted average share:	101,118,302		100,202,847		96,952,959
Basic earnings per share:	$	1.34	$	0.75	$	2.08
Earnings per share—diluted(1)
Numerator for increase in net assets per share	$	135,343	$	74,732	$	201,399
Adjustment for interest on Convertible Notes and incentive fees, net	18,214		10,987		9,258
Numerator for diluted earnings per share:	$	153,557	$	85,719	$	210,657
Denominator for basic weighted average share	101,118,302		100,202,847		96,952,959
Adjustment for dilutive effect of Convertible Notes	22,370,580		15,223,351		13,257,586
Denominator for diluted weighted average share	123,488,882		115,426,198		110,210,545
Diluted earnings per share	$	1.24	$	0.74	$	1.91

(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 years ended December 31, 2023, December 31, 2022 and December 31, 2021, there was no anti-dilution.