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v3.3.0.814

Consolidated Statements Of Changes In Equity - USD ($) $ in Thousands | Total | Common Stock | Additional Paid-In Capital | Accumulated Other Comprehensive Income | Cumulative Earnings | Cumulative Distributions to Stockholders
--- | --- | --- | --- | --- | --- | ---
Beginning balance (in shares) at Dec. 31, 2013 |  |  |  | 82,504,801 |  |  |  |
Beginning balance at Dec. 31, 2013 |  | $ 1,245,783 |  | $ 825 | $ 1,760,899 | $ 148,766 | $ 806,298 | $ (1,471,005)
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |  |  |
Net income |  | 73,447 |  |  |  |  | 73,447 |
Other comprehensive income (loss) |  | 11,005 |  |  |  | 11,005 |  |
Issuance of common stock: |  |  |  |  |  |  |  |
Dividend reinvestment & stock purchase plans (in shares) |  |  |  | 336,810 |  |  |  |
Dividend reinvestment & stock purchase plans |  | 6,055 |  | $ 4 | 6,051 |  |  |
Employee stock purchase and incentive plans (in shares) |  |  |  | 442,781 |  |  |  |
Employee stock purchase and incentive plans |  | (7,268) |  | $ 4 | (7,272) |  |  |
Non-cash equity award compensation |  | 8,934 |  |  | 8,934 |  |  |
Common dividends declared |  | (71,278) |  |  |  |  |  | (71,278)
Ending balance (in shares) at Sep. 30, 2014 |  |  |  | 83,284,392 |  |  |  |
Ending balance at Sep. 30, 2014 |  | 1,266,678 |  | $ 833 | 1,768,612 | 159,771 | 879,745 | (1,542,283)
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |  |  |
Cumulative adjustment - adoption of ASU 2014-13 | [1] | 9,728 |  |  |  |  |  |
Cumulative adjustment - adoption of ASU 2014-13 | Accounting Standards Update 2014-13 | [1] |  |  |  |  |  | 9,728 |
Adjusted balance |  | 1,265,869 |  | $ 834 | 1,774,030 | 140,688 | 916,595 | (1,566,278)
Beginning balance (in shares) (Previously Reported) at Dec. 31, 2014 |  |  |  | 83,443,141 |  |  |  |
Beginning balance (in shares) at Dec. 31, 2014 |  |  |  | 83,443,141 |  |  |  |
Beginning balance (Previously Reported) at Dec. 31, 2014 |  | 1,256,141 |  | $ 834 | 1,774,030 | 140,688 | 906,867 | (1,566,278)
Beginning balance at Dec. 31, 2014 | [2] | 1,256,141 |  |  |  |  |  |
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |  |  |
Net income |  | 61,029 |  |  |  |  | 61,029 |
Other comprehensive income (loss) |  | (20,967) |  |  |  | (20,967) |  |
Issuance of common stock: |  |  |  |  |  |  |  |
Dividend reinvestment & stock purchase plans (in shares) |  |  |  | 418,508 |  |  |  |
Dividend reinvestment & stock purchase plans |  | 6,834 |  | $ 4 | 6,830 |  |  |
Employee stock purchase and incentive plans (in shares) |  |  |  | 714,801 |  |  |  |
Employee stock purchase and incentive plans |  | (7,728) |  | $ 7 | (7,735) |  |  |
Non-cash equity award compensation |  | 9,002 |  |  | 9,002 |  |  |
Share repurchases (in shares) |  |  |  | (2,451,523) |  |  |  |
Share repurchases |  | (35,376) |  | $ (24) | (35,352) |  |  |
Common dividends declared |  | (72,088) |  |  |  |  |  | (72,088)
Ending balance (in shares) at Sep. 30, 2015 |  |  |  | 82,124,927 |  |  |  |
Ending balance at Sep. 30, 2015 |  | $ 1,206,575 | [2] | $ 821 | $ 1,746,775 | $ 119,721 | $ 977,624 | $ (1,638,366)
[1] | On January 1, 2015, we adopted ASU 2014-13. See Note 3 for further discussion.
[2] | Our consolidated balance sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At September 30, 2015 and December 31, 2014, assets of consolidated VIEs totaled $1,539,350 and $1,900,208, respectively. At September 30, 2015 and December 31, 2014, liabilities of consolidated VIEs totaled $1,179,884 and $1,546,490, respectively. See Note 4 for further discussion.

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