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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 at Dec. 31, 2014 1,256,141 $ 834 1,774,030 140,688 906,867 (1,566,278)
Beginning balance (shares) at Dec. 31, 2014   83,443,141        
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 6,834 $ 4 6,830      
Dividend reinvestment & stock purchase plans (shares)   418,508        
Employee stock purchase and incentive plans (7,728) $ 7 (7,735)      
Employee stock purchase and incentive plans (shares)   714,801        
Non-cash equity award compensation 9,002   9,002      
Share repurchases (35,376) $ (24) (35,352)      
Share repurchases (shares)   (2,451,523)        
Common dividends declared (72,088)         (72,088)
Ending balance at Sep. 30, 2015 1,206,575 $ 821 1,746,775 119,721 977,624 (1,638,366)
Ending balance (shares) at Sep. 30, 2015   82,124,927        
Increase (Decrease) in Stockholders' Equity            
Net Income 19,164          
Other comprehensive income (loss) (20,973)          
Ending balance at Sep. 30, 2015 1,206,575 $ 821 1,746,775 119,721 977,624 (1,638,366)
Ending balance (shares) at Sep. 30, 2015   82,124,927        
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          
Beginning balance (shares) (Previously Reported) at Dec. 31, 2015   78,162,765        
Increase (Decrease) in Stockholders' Equity            
Net Income 105,897       105,897  
Other comprehensive income (loss) (37,278)     (37,278)    
Issuance of common stock:            
Employee stock purchase and incentive plans (4,179) $ 4 (4,183)      
Employee stock purchase and incentive plans (shares)   437,441        
Non-cash equity award compensation 10,595   10,595      
Share repurchases $ (24,764) $ (19) (24,745)      
Share repurchases (shares) (1,078,743) (1,917,873)        
Common dividends declared $ (66,406)         (66,406)
Ending balance at Sep. 30, 2016 1,130,130 [2] $ 767 1,677,623 54,715 1,124,580 (1,727,555)
Ending balance (shares) at Sep. 30, 2016   76,682,333        
Increase (Decrease) in Stockholders' Equity            
Net Income 52,553          
Other comprehensive income (loss) 8,384          
Ending balance at Sep. 30, 2016 $ 1,130,130 [2] $ 767 $ 1,677,623 $ 54,715 $ 1,124,580 $ (1,727,555)
Ending balance (shares) at Sep. 30, 2016   76,682,333        
[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 September 30, 2016 and December 31, 2015, assets of consolidated VIEs totaled $847,399 and $1,195,574, respectively. At September 30, 2016 and December 31, 2015, liabilities of consolidated VIEs totaled $820,391 and $1,050,861, respectively. See Note 4 for further discussion.