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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total Ready Capital Corporation Equity
Preferred stock
Series B Preferred Stock
Preferred stock
Series D Preferred Stock
Preferred stock
Series E Preferred Stock
Common Stock
Additional Paid-in-Capital
Retained Earnings (Deficit)
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Total
Balance at beginning of period at Dec. 31, 2020 $ 815,396       $ 5 $ 849,541 $ (24,203) $ (9,947) $ 18,812 $ 834,208
Balance at beginning of period (in shares) at Dec. 31, 2020         54,368,999          
Increase (Decrease) in Stockholders' Equity                    
Dividend declared on common stock (54,145)           (54,145)     (54,145)
Dividend declared on OP units                 (964) (964)
Dividend declared on Series B preferred shares (1,162)           (1,162)   (1) (1,163)
Dividend declared on Series C preferred shares (230)           (230)     (230)
Dividend declared on Series D preferred shares (1,074)           (1,074)   (1) (1,075)
Dividend declared on Series E preferred shares (1,039)           (1,039)     (1,039)
Shares issued pursuant to merger transactions 337,778 $ 47,984 $ 50,257   $ 2 239,535       337,778
Shares issued pursuant merger to merger transactions (shares)   1,919,378 2,010,278   16,774,337          
Equity issuances 111,378     $ 111,378           111,378
Shares issued       4,600,000            
Offering costs (70)         (70)     (1) (71)
Distributions, net                 (150) (150)
Equity component of 2017 convertible note issuance (202)         (202)     (4) (206)
Stock-based compensation 2,345         2,345       2,345
Stock-based compensation (shares)         125,327          
Share repurchases (987)         (987)       (987)
Share repurchases (shares)         (37,241)          
Net income 58,748           58,748   1,103 59,851
Other comprehensive income (loss) 2,790             2,790 63 2,853
Balance at end of period at Jun. 30, 2021 1,269,526 $ 47,984 $ 50,257 $ 111,378 $ 7 1,090,162 (23,105) (7,157) 18,857 1,288,383
Balance at end of period (in shares) at Jun. 30, 2021   1,919,378 2,010,278 4,600,000 71,231,422          
Balance at beginning of period at Mar. 31, 2021 1,159,691 $ 47,984 $ 50,257   $ 7 1,088,512 (20,027) (7,042) 19,061 1,178,752
Balance at beginning of period (in shares) at Mar. 31, 2021   1,919,378 2,010,278   71,221,699          
Increase (Decrease) in Stockholders' Equity                    
Dividend declared on common stock (30,312)           (30,312)     (30,312)
Dividend declared on OP units                 (494) (494)
Dividend declared on Series B preferred shares (1,036)           (1,036)     (1,036)
Dividend declared on Series C preferred shares (193)           (193)     (193)
Dividend declared on Series D preferred shares (958)           (958)     (958)
Dividend declared on Series E preferred shares (1,039)           (1,039)     (1,039)
Equity issuances 111,378     $ 111,378           111,378
Shares issued       4,600,000            
Offering costs (70)         (70)     (1) (71)
Distributions, net                 (150) (150)
Equity component of 2017 convertible note issuance (103)         (103)     (2) (105)
Stock-based compensation 1,823         1,823       1,823
Stock-based compensation (shares)         9,723          
Net income 30,460           30,460   444 30,904
Other comprehensive income (loss) (115)             (115) (1) (116)
Balance at end of period at Jun. 30, 2021 1,269,526 $ 47,984 $ 50,257 $ 111,378 $ 7 1,090,162 (23,105) (7,157) 18,857 1,288,383
Balance at end of period (in shares) at Jun. 30, 2021   1,919,378 2,010,278 4,600,000 71,231,422          
Balance at beginning of period at Dec. 31, 2021 1,276,104     $ 111,378 $ 8 1,161,853 8,598 (5,733) 4,494 1,280,598
Balance at beginning of period (in shares) at Dec. 31, 2021       4,600,000 75,838,050          
Increase (Decrease) in Stockholders' Equity                    
Dividend declared on common stock (96,881)           (96,881)     (96,881)
Dividend declared on OP units                 (1,470) (1,470)
Dividend declared on Series C preferred shares (262)           (262)     (262)
Dividend declared on Series E preferred shares (3,736)           (3,736)     (3,736)
Shares issued pursuant to merger transactions 437,311       $ 3 437,308       437,311
Shares issued pursuant merger to merger transactions (shares)         30,252,764          
Non-controlling interest acquired in merger transaction                 82,257 82,257
Equity issuances 124,515         124,515       124,515
Shares issued         8,100,926          
Offering costs (903)         (903)     (6) (909)
Distributions, net                 (8,753) (8,753)
Equity component of 2017 convertible note issuance (219)         (219)     (2) (221)
Stock-based compensation 4,040         4,040       4,040
Stock-based compensation (shares)         269,776          
Share repurchases (1,294)         (1,294)       (1,294)
Share repurchases (shares)         (86,446)          
OP units issued pursuant to merger transaction                 20,745 20,745
Reallocation of noncontrolling interest (1,666)         (1,720)   54 1,666  
Net income 119,579           119,579   3,649 123,228
Other comprehensive income (loss) 2,864             2,864 33 2,897
Balance at end of period at Jun. 30, 2022 1,859,452     $ 111,378 $ 11 1,723,580 27,298 (2,815) 102,613 1,962,065
Balance at end of period (in shares) at Jun. 30, 2022       4,600,000 114,375,070          
Balance at beginning of period at Mar. 31, 2022 1,851,445     $ 111,378 $ 11 1,723,099 21,661 (4,704) 107,290 1,958,735
Balance at beginning of period (in shares) at Mar. 31, 2022       4,600,000 114,335,948          
Increase (Decrease) in Stockholders' Equity                    
Dividend declared on common stock (48,455)           (48,455)     (48,455)
Dividend declared on OP units                 (735) (735)
Dividend declared on Series C preferred shares (131)           (131)     (131)
Dividend declared on Series E preferred shares (1,868)           (1,868)     (1,868)
Equity issuances 366         366       366
Shares issued         23,825          
Offering costs (3)         (3)     (2) (5)
Distributions, net                 (6,837) (6,837)
Equity component of 2017 convertible note issuance (111)         (111)     (1) (112)
Stock-based compensation 257         257       257
Stock-based compensation (shares)         17,516          
Share repurchases (33)         (33)       (33)
Share repurchases (shares)         (2,219)          
Reallocation of noncontrolling interest 4         5   (1) (4)  
Net income 56,091           56,091   2,874 58,965
Other comprehensive income (loss) 1,890             1,890 28 1,918
Balance at end of period at Jun. 30, 2022 $ 1,859,452     $ 111,378 $ 11 $ 1,723,580 $ 27,298 $ (2,815) $ 102,613 $ 1,962,065
Balance at end of period (in shares) at Jun. 30, 2022       4,600,000 114,375,070