Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v3.24.0.1
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
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:
(in thousands, except per share data) Year Ended December 31,
2023 2022 2021
Numerator         
Net increase (decrease) in net assets resulting from operations $ 337,484  $ 102,081  $ 174,155 
Less: Total distributions declared (278,301) (249,077) (179,575)
Total Earnings, net of total distributions 59,183  (146,996) (5,420)
        
Earnings, net of distributions attributable to common shares 58,593  (146,995) (5,420)
Add: Distributions declared attributable to common shares 275,548  246,873  177,864 
Numerator for basic and diluted change in net assets per common share $ 334,141  $ 99,878  $ 172,444 
        
Denominator         
Basic weighted average common shares outstanding 144,091  125,189  114,742 
Incremental shares from assumed conversion of 2022 Convertible Notes —  —  512 
Common shares issuable 735  1,470  701 
Weighted average common shares outstanding assuming dilution 144,826  126,659  115,955 
Change in net assets per common share:
Basic $ 2.32  $ 0.80  $ 1.50 
Diluted $ 2.31  $ 0.79  $ 1.49 
Schedule of Number of Anti-diluted Shares As Calculated Based on Weighted Average Closing Price of Common Stock For the years ended December 31, 2023, 2022 and 2021, 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:
  Year Ended December 31,
Anti-dilutive Securities 2023 2022 2021
Unvested common stock options 1,496 2,085 690
Restricted stock units* 4,357 — 20
Unvested restricted stock awards 30,028 2,116 861
*Included in these amounts are shares related to certain equity-based awards, which are fully vested but have not been delivered and thus not outstanding for purposes of calculating earnings per share.