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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share:

 

 

Year Ended

 

 

 

December 31, 2023

 

 

December 31, 2022

 

 

December 31, 2021

 

Earnings per common share—basic

 

 

 

 

 

 

 

 

 

Numerator for basic earnings per share

 

$

222,023

 

 

$

108,053

 

 

$

211,780

 

Denominator for basic weighted average
  shares

 

 

85,131,264

 

 

 

78,197,826

 

 

 

72,169,488

 

Earnings per common share—basic

 

$

2.61

 

 

$

1.38

 

 

$

2.93

 

Earnings per common share—diluted

 

 

 

 

 

 

 

 

 

Numerator for increase in net assets per
  share

 

$

222,023

 

 

$

108,053

 

 

$

211,780

 

Adjustment for interest expense and
  deferred financing costs on 2022 Convertible
  Notes, incentive fee and excise tax, net

 

 

 

 

 

 

 

 

5,194

 

Numerator for diluted earnings per share

 

$

222,023

 

 

$

108,053

 

 

$

216,974

 

Denominator for basic weighted average
  shares

 

 

85,131,264

 

 

 

78,197,826

 

 

 

72,169,488

 

Adjustment for dilutive effect of 2022 Convertible Notes

 

 

 

 

 

 

 

 

5,532,770

 

Denominator for diluted weighted average
  shares

 

 

85,131,264

 

 

 

78,197,826

 

 

 

77,702,258

 

Earnings per common share—diluted

 

$

2.61

 

 

$

1.38

 

 

$

2.79