Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2024

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, 2024 and September 30, 2023:


	Three Months Ended				Nine Months Ended
	September 30, 2024		September 30, 2023		September 30, 2024		September 30, 2023
Earnings per share—basic
Numerator for basic earnings per share:	$	23,889	$	28,696	$	85,768	$	108,099
Denominator for basic weighted average share:	107,851,415		100,954,898		106,140,789		100,943,049
Basic earnings per share:	$	0.22	$	0.28	$	0.81	$	1.07
Earnings per share—diluted(1)
Numerator for increase in net assets per share	$	23,889	$	28,696	$	85,768	$	108,099
Adjustment for interest on Convertible Notes and incentive fees, net	3,900		4,557		11,700		14,314
Numerator for diluted earnings per share:	$	27,789	$	33,253	$	97,468	$	122,413
Denominator for basic weighted average share	107,851,415		100,954,898		106,140,789		100,943,049
Adjustment for dilutive effect of Convertible Notes	18,928,404		22,228,371		18,860,083		23,652,660
Denominator for diluted weighted average share	126,779,819		123,183,269		125,000,872		124,595,709
Diluted earnings per share:	$	0.22	$	0.27	$	0.78	$	0.98

(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, 2024, there was anti-dilution. For the nine months ended September 30, 2024 and for the three and nine months September 30, 2023, there was no anti-dilution.