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Equity - Basic and Diluted Earnings Per Common Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended
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