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Earnings (Losses) Per Share
 9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Earnings (Losses) Per Share

3. EARNINGS (LOSSES) PER SHARE

In accordance with the provisions of ASC 260, “Earnings per Share” (“ASC 260”), basic earnings per share is computed by dividing earnings available to common shareholders by the weighted average number of shares outstanding during the period. Other potentially dilutive common shares, and the related impact to earnings, are considered when calculating earnings per share on a diluted basis.

The following information sets forth the computation of basic and diluted net increase (decrease) in net assets per share for the three and nine months ended September 30, 2023 and 2022:

 

 

For the Three Months Ended September 30,

For the Nine Months Ended September 30,

 

 

($ in thousands)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

Net increase (decrease) in net assets resulting from operations

 

$

7,445

 

 

$

(4,205

)

 

$

4,386

 

 

$

(8,580

)

 

Weighted average number of common and common stock equivalent shares outstanding for basic and diluted shares computation

 

 

9,505,172

 

 

 

9,602,712

 

 

 

9,533,835

 

 

 

9,644,870

 

 

Net increase (decrease) in net assets per basic common shares and diluted shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net increase (decrease) in net assets from operations

 

$

0.78

 

 

$

(0.44

)

 

$

0.46

 

 

$

(0.89

)