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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.