XML 50 R32.htm IDEA: XBRL DOCUMENT v3.22.4
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Summary of Computation of Basic and Diluted Earnings per Common Share

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):

 

 

 

Year Ended

 

 

Year Ended

 

 

 

December 31, 2022

 

 

December 31, 2021

 

Earnings per common share - basic

 

 

 

 

 

 

Numerator for basic earnings per share

 

$

(30,375

)

 

$

132,320

 

Denominator for basic weighted average shares

 

 

31,672,089

 

 

 

25,980,797

 

Earnings/(Loss) per common share - basic

 

$

(0.96

)

 

$

5.09

 

Earnings per common share - diluted

 

 

 

 

 

 

Numerator for increase in net assets per share

 

$

(30,375

)

 

$

132,320

 

Adjustment for interest expense and deferred financing costs on Convertible Notes(1)

 

 

 

 

 

3,619

 

Numerator for diluted earnings per share

 

 

(30,375

)

 

 

135,939

 

Denominator for basic weighted average shares

 

 

31,672,089

 

 

 

25,980,797

 

Adjustment for dilutive effect of Convertible Notes(1)

 

 

 

 

 

3,339,800

 

Denominator for diluted weighted average shares

 

 

31,672,089

 

 

 

29,320,597

 

Earnings/(Loss) per common share - diluted

 

$

(0.96

)

 

$

4.64

 

 

(1)
No adjustments for interest or incremental shares were included for the year ended December 31, 2022, because the effect would be antidilutive.