| 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 three and six months ended June 30, 2025 and 2024 (in thousands except shares and per share information):
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Three Months Ended |
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Three Months Ended |
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Six Months Ended |
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Six Months Ended |
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June 30, 2025 |
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June 30, 2024 |
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June 30, 2025 |
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June 30, 2024 |
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Earnings per common share - basic |
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Numerator for basic earnings per share |
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$ |
41,414 |
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$ |
30,828 |
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$ |
68,499 |
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$ |
45,337 |
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Denominator for basic weighted average shares |
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65,911,570 |
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50,161,680 |
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64,242,822 |
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48,455,033 |
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Earnings/(Loss) per common share - basic |
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$ |
0.63 |
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$ |
0.61 |
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$ |
1.07 |
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$ |
0.94 |
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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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41,414 |
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30,828 |
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68,499 |
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45,337 |
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Adjustment for dilutive effect of Option Awards and Convertible Notes |
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— |
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910 |
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— |
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1,825 |
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Numerator for diluted earnings per share |
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41,414 |
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31,738 |
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68,499 |
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47,162 |
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Denominator for basic weighted average shares |
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65,911,570 |
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50,161,680 |
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64,242,822 |
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48,455,033 |
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Adjustment for dilutive effect of Option Awards and Convertible Notes |
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— |
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3,902,715 |
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— |
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3,902,715 |
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Denominator for diluted weighted average shares |
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65,911,570 |
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54,064,395 |
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64,242,822 |
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52,357,748 |
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Earnings/(Loss) per common share - diluted |
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$ |
0.63 |
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$ |
0.59 |
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$ |
1.07 |
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$ |
0.90 |
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