Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share

Shares used in the computation of the Company’s basic and diluted earnings per share are as follows:

(in thousands, except per share data)	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Numerator
Net increase (decrease) in net assets resulting from operations	$	119,685	$	68,711	$	248,909	$	201,527
Less: Total distributions declared	(85,388)		(77,943)		(249,855)		(231,868)
Total Earnings (loss), net of total distributions	34,297		(9,232)		(946)		(30,341)
Earnings (loss), net of distributions attributable to common shares	34,042		(9,232)		(947)		(30,341)
Add: Distributions declared attributable to common shares	84,752		77,263		247,749		229,650
Numerator for basic change in net assets per common share	118,794		68,031		246,802		199,309
Add: Income impact of assumed conversion of 2028 Convertible Notes	4,116		—		9,096		—
Numerator for diluted change in net assets per common share	$	122,910	$	68,031	$	255,898	$	199,309
Denominator
Basic weighted average common shares outstanding	180,360		161,019		175,633		159,742
Incremental shares from assumed conversion of 2028 Convertible Notes	13,387		—		10,015		—
Common shares issuable	611		496		603		511
Weighted average common shares outstanding assuming dilution	194,358		161,515		186,251		160,253
Change in net assets per common share:
Basic	$	0.66	$	0.42	$	1.41	$	1.25
Diluted	$	0.63	$	0.42	$	1.37	$	1.24

Schedule of Number of Anti-diluted Shares as Calculated Based on Weighted Average Closing Price of Common Stock

The calculation of change in net assets resulting from operations per common share assuming dilution, excludes all anti-dilutive shares. For the three and nine months ended September 30, 2025 and 2024, the number of anti-dilutive shares, as calculated based on the weighted average closing price of the Company’s common stock for the periods, are as follows:

	Three Months Ended September 30,		Nine Months Ended September 30,
Anti-dilutive Securities	2025	2024	2025	2024
Unvested common stock options	1,527	832	1,217	1,212
Unvested restricted stock awards	—	152	1,094	398