XML 136 R122.htm IDEA: XBRL DOCUMENT v3.19.2
Equity - Basic and Diluted Earnings Per Common Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Basic Earnings per Common Share:        
Net income attributable to Redwood $ 31,266 $ 32,747 $ 85,730 $ 79,592
Less: Dividends and undistributed earnings allocated to participating securities (877) (1,074) (2,417) (2,535)
Net income allocated to common shareholders $ 30,389 $ 31,673 $ 83,313 $ 77,057
Basic weighted average common shares outstanding (in shares) 96,983,764 75,380,715 94,846,431 75,388,638
Basic Earnings per Common Share (in dollars per share) $ 0.31 $ 0.42 $ 0.88 $ 1.02
Diluted Earnings per Common Share:        
Net income attributable to Redwood $ 31,266 $ 32,747 $ 85,730 $ 79,592
Less: Dividends and undistributed earnings allocated to participating securities (1,053) (1,156) (2,595) (2,584)
Add back: Interest expense on convertible notes for the period, net of tax 8,698 6,335 17,385 14,976
Net income allocated to common shareholders $ 38,911 $ 37,926 $ 100,520 $ 91,984
Weighted average common shares outstanding (in shares) 96,983,764 75,380,715 94,846,431 75,388,638
Net effect of dilutive equity awards (in shares) 270,550 277,788 210,360 156,307
Net effect of assumed convertible notes conversion to common shares (in shares) 33,442,640 24,773,490 33,442,640 28,746,235
Diluted weighted average common shares outstanding (in shares) 130,696,954 100,431,993 128,499,431 104,291,180
Diluted Earnings per Common Share (in dollars per share) $ 0.30 $ 0.38 $ 0.78 $ 0.88