| 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:
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|
|
|
|
|
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(in thousands, except per share data) |
|
Year Ended December 31, |
|
|
|
2022 |
|
|
2021 |
|
|
2020 |
|
Numerator |
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|
|
|
|
|
|
|
|
Net increase (decrease) in net assets resulting from operations |
|
$ |
102,081 |
|
|
$ |
174,155 |
|
|
$ |
227,261 |
|
Less: Total distributions declared |
|
|
(249,077 |
) |
|
|
(179,575 |
) |
|
|
(155,761 |
) |
Total Earnings, net of total distributions |
|
|
(146,996 |
) |
|
|
(5,420 |
) |
|
|
71,500 |
|
|
|
|
|
|
|
|
|
|
|
Earnings, net of distributions attributable to common shares |
|
|
(146,995 |
) |
|
|
(5,420 |
) |
|
|
70,995 |
|
Add: Distributions declared attributable to common shares |
|
|
246,873 |
|
|
|
177,864 |
|
|
|
154,658 |
|
Numerator for basic and diluted change in net assets per common share |
|
$ |
99,878 |
|
|
$ |
172,444 |
|
|
$ |
225,653 |
|
|
|
|
|
|
|
|
|
|
|
Denominator |
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|
|
|
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|
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|
Basic weighted average common shares outstanding |
|
|
125,189 |
|
|
|
114,742 |
|
|
|
111,985 |
|
Incremental shares from assumed conversion of 2022 Convertible Notes |
|
|
— |
|
|
|
512 |
|
|
|
— |
|
Common shares issuable |
|
|
1,470 |
|
|
|
701 |
|
|
|
282 |
|
Weighted average common shares outstanding assuming dilution |
|
|
126,659 |
|
|
|
115,955 |
|
|
|
112,267 |
|
|
|
|
|
|
|
|
|
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|
Change in net assets per common share: |
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|
|
|
|
|
|
|
|
Basic |
|
$ |
0.80 |
|
|
$ |
1.50 |
|
|
$ |
2.02 |
|
Diluted |
|
$ |
0.79 |
|
|
$ |
1.49 |
|
|
$ |
2.01 |
|
|
| Schedule of Number of Anti-diluted Shares As Calculated Based on Weighted Average Closing Price of Common Stock |
For the years ended December 31, 2022, 2021 and 2020, 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:
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|
Year Ended December 31, |
|
Anti-dilutive Securities |
|
2022 |
|
|
2021 |
|
|
2020 |
|
2022 Convertible Notes |
|
|
— |
|
|
|
— |
|
|
|
5,543,097 |
|
Unvested common stock options |
|
|
2,085 |
|
|
|
690 |
|
|
|
66,578 |
|
Restricted stock units* |
|
|
— |
|
|
|
20 |
|
|
|
— |
|
Unvested restricted stock awards |
|
|
2,116 |
|
|
|
861 |
|
|
|
10,049 |
|
Performance awards* |
|
|
— |
|
|
|
— |
|
|
|
— |
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|