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Consolidated Statements Of Changes In Stockholders' 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, 2012 |  |  | 81,716,416 |  |  |  |
Beginning balance at Dec. 31, 2012 | $ 1,140,164 |  | $ 817 | $ 1,744,554 | $ 138,332 | $ 633,052 | $ (1,376,591)
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Net income | 173,246 |  |  |  |  | 173,246 |
Other comprehensive income (loss) | 10,434 |  |  |  | 10,434 |  |
Dividend reinvestment & stock purchase plans (in shares) |  |  | 431,679 |  |  |  |
Dividend reinvestment & stock purchase plans | 8,148 |  | $ 4 | 8,144 |  |  |
Employee stock purchase and incentive plans (in shares) |  |  | 356,706 |  |  |  |
Employee stock purchase and incentive plans | (5,342) |  | $ 4 | (5,346) |  |  |
Non-cash equity award compensation | $ 13,547 |  |  | 13,547 |  |  |
Share repurchases (in shares) | 0 |  |  |  |  |  |
Common dividends declared | $ (94,414) |  |  |  |  |  | (94,414)
Ending balance (in shares) at Dec. 31, 2013 |  |  | 82,504,801 |  |  |  |
Ending balance at Dec. 31, 2013 | 1,245,783 |  | $ 825 | 1,760,899 | 148,766 | 806,298 | (1,471,005)
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Net income | 100,569 |  |  |  |  | 100,569 |
Other comprehensive income (loss) | (8,078) |  |  |  | (8,078) |  |
Dividend reinvestment & stock purchase plans (in shares) |  |  | 488,174 |  |  |  |
Dividend reinvestment & stock purchase plans | 9,017 |  | $ 5 | 9,012 |  |  |
Employee stock purchase and incentive plans (in shares) |  |  | 450,166 |  |  |  |
Employee stock purchase and incentive plans | (7,148) |  | $ 4 | (7,152) |  |  |
Non-cash equity award compensation | $ 11,271 |  |  | 11,271 |  |  |
Share repurchases (in shares) | 0 |  |  |  |  |  |
Common dividends declared | $ (95,273) |  |  |  |  |  | (95,273)
Ending balance (in shares) (Previously Reported) at Dec. 31, 2014 |  |  | 83,443,141 |  |  |  |
Ending balance (in shares) at Dec. 31, 2014 |  |  | 83,443,141 |  |  |  |
Ending balance (Previously Reported) at Dec. 31, 2014 | 1,256,141 |  | $ 834 | 1,774,030 | 140,688 | 906,867 | (1,566,278)
Ending balance at Dec. 31, 2014 | 1,256,141 | [1] | 834 | 1,774,030 | 140,688 | 906,867 | (1,566,278)
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Adjusted balance | 1,265,869 |  | $ 834 | 1,774,030 | 140,688 | 916,595 | (1,566,278)
Cumulative effect adjustment - adoption of ASU 2014-13 | Accounting Standards Update 2014-13 | 9,728 |  |  |  |  | 9,728 |
Net income | 102,088 |  |  |  |  | 102,088 |
Other comprehensive income (loss) | (48,695) |  |  |  | (48,695) |  |
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) |  |  | 753,429 |  |  |  |
Employee stock purchase and incentive plans | (7,981) |  | $ 7 | (7,988) |  |  |
Non-cash equity award compensation | $ 11,806 |  |  | 11,806 |  |  |
Share repurchases (in shares) | (6,452,313) |  | (6,452,313) |  |  |  |
Share repurchases | $ (88,785) |  | $ (63) | (88,722) |  |  |
Common dividends declared | (94,871) |  |  |  |  |  | (94,871)
Ending balance (in shares) at Dec. 31, 2015 |  |  | 78,162,765 |  |  |  |
Ending balance at Dec. 31, 2015 | $ 1,146,265 | [1] | $ 782 | $ 1,695,956 | $ 91,993 | $ 1,018,683 | $ (1,661,149)
[1] | 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 December 31, 2015 and December 31, 2014, assets of consolidated VIEs totaled $1,195,574 and $1,900,208, respectively. At December 31, 2015 and December 31, 2014, liabilities of consolidated VIEs totaled $1,050,861 and $1,546,490, respectively. See Note 4 for further discussion.

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