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Equity - Basic and Diluted Earnings Per Common Share (Detail) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Equity [Abstract]        
Net income attributable to Redwood $ 41,281 $ 27,064 $ 53,344 $ 41,865
Less: Dividends and undistributed earnings allocated to participating securities (1,089) (642) (1,494) (1,375)
Net income allocated to common shareholders $ 40,192 $ 26,422 $ 51,850 $ 40,490
Basic weighted average common shares outstanding (shares) 76,664,829 83,936,844 76,901,255 83,650,170
Basic earnings per common share (usd per share) $ 0.52 $ 0.31 $ 0.67 $ 0.48
Less: Dividends and undistributed earnings allocated to participating securities $ (1,134) $ (619) $ (1,668) $ (1,375)
Add back: Interest expense on convertible notes for the period, net of tax 7,015 2,789 7,637 0
Net income allocated to common shareholders $ 47,162 $ 29,234 $ 59,313 $ 40,490
Net effect of dilutive equity awards (in shares) 369 1,546,038 1,675 1,823,735
Net effect of assumed convertible notes conversion to common shares (in shares) 21,096,738 9,466,859 11,825,450 0
Diluted weighted average common shares outstanding (shares) 97,761,936 94,949,741 88,728,380 85,473,905
Diluted earnings per common share (usd per share) $ 0.48 $ 0.31 $ 0.67 $ 0.47