EARNINGS PER SHARE

9 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

The following information sets forth the computation of the Company's basic and diluted net increase in net assets per share resulting from operations for the three and nine months ended December 31, 2024 and 2023 (dollars and shares in thousands):

	Three Months Ended December 31,				Nine Months Ended December 31,
	2024		2023		2024		2023
Earnings per share - basic
Numerator for basic earnings per share	$	16,268	$	23,484	$	52,987	$	69,920
Denominator for basic earnings per share	48,315		41,514		47,080		39,611
Basic earnings per share	$	0.34	$	0.57	$	1.13	$	1.77
Earnings per share - diluted (1)
Numerator for increase in net assets per share	$	16,268	$	23,484	$	52,987	$	69,920
Adjustment for interest and amortization on 2029 Convertible Notes	1,946		—		1,946		—
Numerator for diluted earnings per share	$	18,214	$	23,484	$	54,933	$	69,920
Denominator for basic weighted average share	48,315		41,514		47,080		39,611
Adjustment for dilutive effect of 2029 Convertible Notes	5,807		—		1,943		—
Denominator for diluted weighted average shares	54,122		41,514		49,022		39,611
Diluted earnings per share	$	0.34	$	0.57	$	1.12	$	1.77

(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 and nine months ended December 31, 2024 and 2023, there was no anti-dilution.