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Equity (Tables) | 3 Months Ended
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Mar. 31, 2015
Equity [Abstract] |
Changes to Accumulated Other Comprehensive Income (Loss) by Component | The following table provides a summary of changes to accumulated other comprehensive income by component for the three months ended March 31, 2015 and 2014. Changes in Accumulated Other Comprehensive Income by Component
|  | Three Months Ended March 31, 2015 |  | Three Months Ended March 31, 2014
(In Thousands) |  | Net unrealized gains on available-for-sale securities |  | Net unrealized losses on interest rate agreements accounted for as cash flow hedges |  | Net unrealized gains on available-for-sale securities |  | Net unrealized losses on interest rate agreements accounted for as cash flow hedges
Balance at beginning of period |  | $ | 186,737 |  |  | $ | (46,049 | ) |  | $ | 164,654 |  |  | $ | (15,888 | )
Other comprehensive income (loss) before reclassifications |  | 5,053 |  |  | (8,442 | ) |  | 19,323 |  |  | (8,795 | )
Amounts reclassified from other accumulated comprehensive income |  | (1,690 | ) |  | 31 |  |  | 1,298 |  |  | 60 |
Net current-period other comprehensive income (loss) |  | 3,363 |  |  | (8,411 | ) |  | 20,621 |  |  | (8,735 | )
Balance at End of Period |  | $ | 190,100 |  |  | $ | (54,460 | ) |  | $ | 185,275 |  |  | $ | (24,623 | )
Reclassifications out of Accumulated Other Comprehensive Income (Loss) | The following table provides a summary of reclassifications out of accumulated other comprehensive income for three months ended March 31, 2015 and 2014. Reclassifications Out of Accumulated Other Comprehensive Income
|  |  |  | Amount Reclassified From Accumulated Other Comprehensive Income
|  | Affected Line Item in the |  | Three Months Ended March 31,
(In Thousands) |  | Income Statement |  | 2015 |  | 2014
Net realized gains (losses) on AFS securities |  |  |  |  |  |
Other than temporary impairment |  | Other market valuations, net |  | $ | — |  |  | $ | 1,298 |
Gain on sale of AFS securities |  | Realized gains, net |  | $ | (1,690 | ) |  | $ | — |
|  |  |  | $ | (1,690 | ) |  | $ | 1,298 |
Net realized gains on interest rate agreements designated as cash flow hedges |  |  |  |  |  |
Amortization of deferred loss |  | Interest expense |  | $ | 31 |  |  | $ | 60 |
|  |  |  | $ | 31 |  |  | $ | 60 |
Basic and Diluted Earnings (Loss) Per Common Share | The following table provides the basic and diluted earnings per common share computations for the three months ended March 31, 2015 and 2014. Basic and Diluted Earnings Per Common Share
|  | Three Months Ended March 31,
(In Thousands, Except Share Data) |  | 2015 |  | 2014
Basic Earnings Per Common Share: |  |  |  |
Net income attributable to Redwood |  | $ | 14,801 |  |  | $ | 12,333 |
Less: Dividends and undistributed earnings allocated to participating securities |  | (822 | ) |  | (702 | )
Net income allocated to common shareholders |  | $ | 13,979 |  |  | $ | 11,631 |
Basic weighted average common shares outstanding |  | 83,360,312 |  |  | 82,410,562 |
Basic Earnings Per Common Share |  | $ | 0.17 |  |  | $ | 0.14 |
Diluted Earnings Per Common Share: |  |  |  |
Net income attributable to Redwood |  | $ | 14,801 |  |  | $ | 12,333 |
Less: Dividends and undistributed earnings allocated to participating securities |  | (822 | ) |  | (702 | )
Net income allocated to common shareholders |  | $ | 13,979 |  |  | $ | 11,631 |
Weighted average common shares outstanding |  | 83,360,312 |  |  | 82,410,562 |
Net effect of dilutive equity awards |  | 2,261,904 |  |  | 2,529,978 |
Diluted weighted average common shares outstanding |  | 85,622,216 |  |  | 84,940,540 |
Diluted Earnings Per Common Share |  | $ | 0.16 |  |  | $ | 0.14 |

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- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669686-108580 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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