The following table sets forth the computation of the basic and diluted earnings per common share for the years ended December 31, 2022 and 2021 (in thousands except shares and per share information):
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Year Ended |
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Year Ended |
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December 31, 2022 |
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December 31, 2021 |
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Earnings per common share - basic |
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Numerator for basic earnings per share |
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$ |
(30,375 |
) |
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$ |
132,320 |
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Denominator for basic weighted average shares |
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31,672,089 |
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25,980,797 |
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Earnings/(Loss) per common share - basic |
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$ |
(0.96 |
) |
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$ |
5.09 |
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Earnings per common share - diluted |
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Numerator for increase in net assets per share |
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$ |
(30,375 |
) |
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$ |
132,320 |
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Adjustment for interest expense and deferred financing costs on Convertible Notes(1) |
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— |
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3,619 |
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Numerator for diluted earnings per share |
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(30,375 |
) |
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135,939 |
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Denominator for basic weighted average shares |
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31,672,089 |
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25,980,797 |
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Adjustment for dilutive effect of Convertible Notes(1) |
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— |
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3,339,800 |
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Denominator for diluted weighted average shares |
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31,672,089 |
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29,320,597 |
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Earnings/(Loss) per common share - diluted |
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$ |
(0.96 |
) |
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$ |
4.64 |
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(1)No adjustments for interest or incremental shares were included for the year ended December 31, 2022, because the effect would be antidilutive.
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