Earnings Per Share

12 Months Ended

Feb. 28, 2023

Earnings Per Share [Abstract]

Earnings Per Share

Note 12. Earnings Per Share

In accordance with the provisions of FASB ASC Topic 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 the weighted average basic and diluted net increase in net assets resulting from operations per share for the years ended February 28, 2023, February 28, 2022 and February 28, 2021 (dollars in thousands except share and per share amounts):

Basic and Diluted	February 28, 2023		February 28, 2022		February 28, 2021
Net increase in net assets resulting from operations	$	24,676	$	45,735	$	14,777
Weighted average common shares outstanding		11,963,533		11,456,631		11,188,629
Weighted average earnings per common share	$	2.06	$	3.99	$	1.32