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Equity - Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended
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Mar. 31, 2020 | Mar. 31, 2019
Basic (Loss) Earnings per Common Share: |  |
Net (loss) income attributable to Redwood | $ (943,398) | $ 54,464
Less: Dividends and undistributed earnings allocated to participating securities | (1,209) | (1,539)
Net (loss) income allocated to common shareholders | $ (944,607) | $ 52,925
Basic weighted average common shares outstanding (in shares) | 114,076,568 | 92,685,350
Basic Earnings per Common Share (in dollars per share) | $ (8.28) | $ 0.57
Diluted (Loss) Earnings per Common Share: |  |
Net (loss) income attributable to Redwood | $ (943,398) | $ 54,464
Less: Dividends and undistributed earnings allocated to participating securities | (1,209) | (1,539)
Add back: Interest expense on convertible notes for the period, net of tax | 0 | 8,687
Net (loss) income allocated to common shareholders | $ (944,607) | $ 61,612
Weighted average common shares outstanding (in shares) | 114,076,568 | 92,685,350
Net effect of dilutive equity awards (in shares) | 0 | 150,170
Net effect of assumed convertible notes conversion to common shares (in shares) | 0 | 33,442,640
Diluted weighted average common shares outstanding (in shares) | 114,076,568 | 126,278,160
Diluted Earnings per Common Share (in dollars per share) | $ (8.28) | $ 0.49

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