XML 134 R124.htm IDEA: XBRL DOCUMENT v3.22.2
Equity - Basic and Diluted Earnings Per Common Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Basic Earnings per Common Share:        
Net (loss) income attributable to Redwood $ (99,966) $ 90,025 $ (69,051) $ 187,282
Less: Dividends and undistributed earnings allocated to participating securities (1,159) (3,149) (2,286) (6,458)
Net (loss) income allocated to common shareholders $ (101,125) $ 86,876 $ (71,337) $ 180,824
Basic weighted average common shares outstanding (in shares) 119,660,173 112,921,070 119,771,554 112,337,984
Basic Earnings per Common Share (in dollars per share) $ (0.85) $ 0.77 $ (0.60) $ 1.61
Diluted Earnings per Common Share:        
Net (loss) income attributable to Redwood $ (99,966) $ 90,025 $ (69,051) $ 187,282
Less: Dividends and undistributed earnings allocated to participating securities (1,159) (2,869) (2,286) (5,829)
Add back: Interest expense on convertible notes for the period, net of tax 0 6,990 0 13,971
Net (loss) income allocated to common shareholders $ (101,125) $ 94,146 $ (71,337) $ 195,424
Net effect of dilutive equity awards (in shares) 0 273,139 0 234,353
Net effect of assumed convertible notes conversion to common shares (in shares) 0 28,566,875 0 28,566,875
Diluted weighted average common shares outstanding (in shares) 119,660,173 141,761,084 119,771,554 141,139,212
Diluted Earnings (Loss) per Common Share (in dollars per share) $ (0.85) $ 0.66 $ (0.60) $ 1.38