EARNINGS PER SHARE

6 Months Ended

Sep. 30, 2025

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 six months ended September 30, 2025 and 2024 (dollars and shares in thousands):

	Three Months Ended September 30,				Six Months Ended September 30,
	2025		2024		2025		2024
Earnings per share - basic
Numerator for basic earnings per share	$	25,619	$	22,684	$	52,620	$	36,719
Adjustment for income allocated to participating securities	(286)		—		(587)		—
Numerator for basic earnings per common share	25,333		22,684		52,033		36,719
Denominator for basic earnings per common share	55,544		47,243		54,536		46,458
Basic earnings per common share	$	0.46	$	0.48	$	0.95	$	0.79
Earnings per share - diluted (1)
Numerator for increase in net assets per share	$	25,333	$	22,684	$	52,033	$	36,719
Adjustment for interest and amortization on 2029 Convertible Notes	3,317		—		6,633		—
Numerator for diluted earnings per common share	$	28,650	$	22,684	$	58,666	$	36,719
Denominator for basic weighted average common share	55,544		47,243		54,536		46,458
Adjustment for dilutive effect of 2029 Convertible Notes	9,286		—		9,273		—
Denominator for diluted weighted average common shares	64,830		47,243		63,809		46,458
Diluted earnings per common share	$	0.44	$	0.48	$	0.92	$	0.79

(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 six months ended September 30, 2025 and 2024, there was no anti-dilution.