XML 138 R123.htm IDEA: XBRL DOCUMENT v3.3.1.900
Equity Compensation Plans - Additional Information (Detail) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Shares of common stock available for grant under Redwood's Incentive Plan (in shares) 1,665,032 2,225,245 1,665,032 2,225,245  
Unrecognized compensation cost $ 23,608 $ 20,269 $ 23,608 $ 20,269  
Equity compensation cost (less than for 2013 and 2014)     $ 11,921 9,750 $ 10,077
Share-based compensation, vesting period     3 years    
Number of shares purchased by employees (in shares)     310,040    
Maximum          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Weighted average amortization period remaining for equity awards     2 years    
Share-based compensation, vesting period     4 years    
Shares of common stock to be purchased in aggregate for all employees (in shares) 450,000   450,000    
Minimum          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Share-based compensation, vesting period     3 years    
Restricted Stock          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Unrecognized compensation cost $ 2,000   $ 2,000    
Equity compensation cost (less than for 2013 and 2014)     $ 1,000 $ 1,000 $ 1,000
Weighted average amortization period remaining for equity awards     2 years    
Number of stock awards granted (in shares)     141,069 2,574 52,103
Number of stock awards forfeited (in shares)     20,678 15,842 26,635
Number of stock awards vested (in shares)     42,675 44,209 48,615
Deferred Stock Units          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Unrecognized compensation cost $ 14,000   $ 14,000    
Equity compensation cost (less than for 2013 and 2014)     $ 7,000 $ 6,000 $ 6,000
Unvested outstanding stock awards (in units) 1,043,606 880,962 1,043,606 880,962 1,003,053
Weighted-average grant date fair value of stock awards (usd per unit) $ 17.22 $ 17.20 $ 17.22 $ 17.20 $ 15.55
Number of stock awards vested (in units) 1,363,548 1,287,862 1,363,548 1,287,862 1,263,420
Number of stock awards granted (in shares)     583,958 350,769 552,250
Number of stock awards forfeited (in shares)     10,167 7,870 89,054
Deferred Stock Units | Maximum          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Weighted average amortization period remaining for equity awards     2 years    
Performance Stock Units          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Unrecognized compensation cost $ 7,000   $ 7,000    
Equity compensation cost (less than for 2013 and 2014)     $ 3,000    
Unvested outstanding stock awards (in units) 849,021 761,051 849,021 761,051  
Weighted-average grant date fair value of stock awards (usd per unit) $ 9.46 $ 14.99 $ 9.46 $ 14.99 $ 14.19
Share-based compensation, vesting period     3 years    
Number of stock awards granted (in shares)     356,762 268,510 223,749
Description of award vesting rights       The number of underlying shares of our common stock that will vest in future years will vary between 0% (if Three-Year TSR is negative) and 200% (if Three-Year TSR is greater than or equal to 125%) of the target number of PSUs originally granted, adjusted upward (if vesting is greater than 0%) to reflect the value of dividends paid during the three-year vesting period.  
Number of stock awards forfeited (in shares)     0   75,362
Grant date fair value assumptions, volatility rate     26.00% 24.00% 27.00%
Grant date fair value assumptions, risk-free rate     1.35% 1.06% 0.62%
Grant date fair value assumptions, dividend yield     0.00% 0.00% 0.00%
Number of stock awards vested (in shares) 57,049 701,440      
Performance Stock Units | Maximum          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Equity awards, vesting percentage     200.00%    
Award vesting rights, total share return, percentage     125.00%    
Performance Stock Units | Minimum          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Equity awards, vesting percentage     0.00%