| Schedule of Basic and Diluted Net Increase in Net Assets Per Share |
The following information sets forth the computation of the Company's basic and diluted net increase in net assets per share resulting from operations for the years ended March 31, 2026, 2025 and 2024 (dollars and shares in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | Years Ended March 31, | | | | | | | 2026 | | 2025 | | 2024 | | | Earnings per share - basic | | | | | | | | | | | | Numerator for basic earnings per share | | | | | $ | 112,995 | | | $ | 70,548 | | | $ | 83,389 | | | | Adjustment for income allocated to participating securities | | | | | (1,216) | | | (689) | | | — | | | | Numerator for basic earnings per common share | | | | | 111,779 | | | 69,859 | | | 83,389 | | | Denominator for basic earnings per common share | | | | | 56,530 | | | 47,448 | | | 40,727 | | | Basic earnings per common share | | | | | $ | 1.98 | | | $ | 1.47 | | | $ | 2.05 | | | | Earnings per share - diluted (1) | | | | | | | | | | | | Numerator for increase in net assets per share | | | | | $ | 111,779 | | | $ | 69,859 | | | $ | 83,389 | | | | Adjustment for interest and amortization on 2029 Convertible Notes | | | | | 13,267 | | | 5,263 | | | — | | | | Numerator for diluted earnings per common share | | | | | $ | 125,046 | | | $ | 75,122 | | | $ | 83,389 | | | | Denominator for basic weighted average common share | | | | | 56,530 | | | 47,448 | | | 40,727 | | | Adjustment for dilutive effect of 2029 Convertible Notes | | | | | 9,299 | | | 3,740 | | | — | | | | Denominator for diluted weighted average common shares | | | | | 65,829 | | | 51,188 | | | 40,727 | | | Diluted earnings per common share | | | | | $ | 1.90 | | | $ | 1.47 | | | $ | 2.05 | | |
(1)In applying the if-converted method, conversion is not assumed for purposes of computing diluted earnings per share if the effect would be anti-dilutive. For the years ended March 31, 2026, 2025 and 2024, there was no anti-dilution.
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