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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
Increase (Decrease) in Stockholders' Equity            
Cumulative adjustment - adoption of ASU 2014-13 | Accounting Standards Update 2014-13 [1] $ 9,728       $ 9,728  
Adjusted balance 1,265,869 $ 834 $ 1,774,030 $ 140,688 916,595 $ (1,566,278)
Beginning balance (in shares) at Dec. 31, 2014   83,443,141        
Beginning balance at Dec. 31, 2014 1,256,141 $ 834 1,774,030 140,688 906,867 (1,566,278)
Increase (Decrease) in Stockholders' Equity            
Net income 41,865       41,865  
Other comprehensive income (loss) 6     6    
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)   690,683        
Employee stock purchase and incentive plans (7,715) $ 8 (7,723)      
Non-cash equity award compensation 6,193   6,193      
Common dividends declared (48,268)         (48,268)
Ending balance (in shares) at Jun. 30, 2015   84,552,332        
Ending balance at Jun. 30, 2015 1,264,784 $ 846 1,779,330 140,694 958,460 (1,614,546)
Increase (Decrease) in Stockholders' Equity            
Net income 27,064          
Other comprehensive income (loss) 5,054          
Ending balance (in shares) at Jun. 30, 2015   84,552,332        
Ending balance at Jun. 30, 2015 1,264,784 $ 846 1,779,330 140,694 958,460 (1,614,546)
Beginning balance (in shares) (Previously Reported) at Dec. 31, 2015   78,162,765        
Beginning balance (Previously Reported) at Dec. 31, 2015 1,146,265 $ 782 1,695,956 91,993 1,018,683 (1,661,149)
Beginning balance at Dec. 31, 2015 [2] 1,146,265          
Increase (Decrease) in Stockholders' Equity            
Net income 53,344       53,344  
Other comprehensive income (loss) (45,662)     (45,662)    
Issuance of common stock:            
Employee stock purchase and incentive plans (in shares)   431,156        
Employee stock purchase and incentive plans (4,245) $ 4 (4,249)      
Non-cash equity award compensation $ 8,488   8,488      
Share repurchases (in shares) (819,738) (1,658,868)        
Share repurchases $ (21,284) $ (17) (21,267)      
Common dividends declared (44,303)         (44,303)
Ending balance (in shares) at Jun. 30, 2016   76,935,053        
Ending balance at Jun. 30, 2016 1,092,603 [2] $ 769 1,678,928 46,331 1,072,027 (1,705,452)
Increase (Decrease) in Stockholders' Equity            
Net income 41,281          
Other comprehensive income (loss) (10,381)          
Ending balance (in shares) at Jun. 30, 2016   76,935,053        
Ending balance at Jun. 30, 2016 $ 1,092,603 [2] $ 769 $ 1,678,928 $ 46,331 $ 1,072,027 $ (1,705,452)
[1] On January 1, 2015, we adopted ASU 2014-13, "Measuring the Financial Assets and the Financial Liabilities of a Consolidated Collateralized Financing Entity," and recorded this cumulative-effect adjustment, which represents the net effect of adjusting the assets and liabilities of the consolidated Sequoia collateralized financing entities ("CFEs") from amortized historical cost to fair value.
[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 June 30, 2016 and December 31, 2015, assets of consolidated VIEs totaled $888,026 and $1,195,574, respectively. At June 30, 2016 and December 31, 2015, liabilities of consolidated VIEs totaled $860,256 and $1,050,861, respectively. See Note 4 for further discussion.