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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total Ready Capital Corporation Equity
Common Stock
Additional Paid-in-Capital
Retained Earnings (Deficit)
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Total
Balance at beginning of period at Dec. 31, 2017 $ 536,073 $ 3 $ 539,455 $ (3,385)   $ 19,394 $ 555,467
Balance at beginning of period (in shares) at Dec. 31, 2017   31,996,440          
Increase (Decrease) in Stockholders' Equity              
Dividend declared on common stock ($1.17, $1.20, $0.40 and $0.40 per share for nine month ended September 30, 2018 and 2019 and three month ended September 30, 2018 and 2019 respectively) (37,702)     (37,702)     (37,702)
Dividend declared on OP units           (1,326) (1,326)
Equity issuances 86   86       86
Equity issuances (shares)   5,000          
Offering costs (10)   (10)       (10)
Contributions, net           94 94
Equity component of 2017 convertible note issuance (240)   (240)     (9) (249)
Stock-based compensation 367   367       367
Stock-based compensation (shares)   8,617          
Conversion of OP units into common stock 577   577     (577)  
Conversion of OP units into common stock (in shares)   33,658          
Manager incentive fee paid in stock 338   338       338
Manager incentive fee paid in stock (in shares)   21,397          
Net Income 50,081     50,081   1,890 51,971
Balance at end of period at Sep. 30, 2018 549,570 $ 3 540,573 8,994   19,466 569,036
Balance at end of period (in shares) at Sep. 30, 2018   32,065,112          
Balance at beginning of period at Jun. 30, 2018 545,330 $ 3 540,365 4,962   19,228 564,558
Balance at beginning of period (in shares) at Jun. 30, 2018   32,051,989          
Increase (Decrease) in Stockholders' Equity              
Dividend declared on common stock ($1.17, $1.20, $0.40 and $0.40 per share for nine month ended September 30, 2018 and 2019 and three month ended September 30, 2018 and 2019 respectively) (12,899)     (12,899)     (12,899)
Dividend declared on OP units           (447) (447)
Equity issuances 86   86       86
Equity issuances (shares)   5,000          
Offering costs (10)   (10)       (10)
Contributions, net           50 50
Equity component of 2017 convertible note issuance (82)   (82)     (3) (85)
Stock-based compensation 80   80       80
Manager incentive fee paid in stock 134   134       134
Manager incentive fee paid in stock (in shares)   8,123          
Net Income 16,931     16,931   638 17,569
Balance at end of period at Sep. 30, 2018 549,570 $ 3 540,573 8,994   19,466 569,036
Balance at end of period (in shares) at Sep. 30, 2018   32,065,112          
Balance at beginning of period at Dec. 31, 2018 544,831 $ 3 540,478 5,272 $ (922) 19,244 564,075
Balance at beginning of period (in shares) at Dec. 31, 2018   32,105,112          
Increase (Decrease) in Stockholders' Equity              
Dividend declared on common stock ($1.17, $1.20, $0.40 and $0.40 per share for nine month ended September 30, 2018 and 2019 and three month ended September 30, 2018 and 2019 respectively) (48,639)     (48,639)     (48,639)
Dividend declared on OP units           (1,341) (1,341)
Shares issued pursuant to ORM merger transaction 179,321 $ 1 179,320       $ 179,321
Shares issued pursuant to ORM merger transaction (in shares)   12,223,552         12,223,552
Offering costs (73)   (73)     (2) $ (75)
Contributions, net           70 70
Equity component of 2017 convertible note issuance (261)   (261)     (7) (268)
Stock-based compensation 1,126   1,126       1,126
Stock-based compensation (shares)   78,212          
Manager incentive fee paid in stock 233   233       233
Manager incentive fee paid in stock (in shares)   14,939          
Net Income 52,540     52,540   1,580 54,120
Other comprehensive loss (9,331)       (9,331) (280) (9,611)
Balance at end of period at Sep. 30, 2019 719,747 $ 4 720,823 9,173 (10,253) 19,264 739,011
Balance at end of period (in shares) at Sep. 30, 2019   44,421,815          
Balance at beginning of period at Jun. 30, 2019 728,027 $ 4 720,812 14,914 (7,703) 19,379 747,406
Balance at beginning of period (in shares) at Jun. 30, 2019   44,415,479          
Increase (Decrease) in Stockholders' Equity              
Dividend declared on common stock ($1.17, $1.20, $0.40 and $0.40 per share for nine month ended September 30, 2018 and 2019 and three month ended September 30, 2018 and 2019 respectively) (17,845)     (17,845)     (17,845)
Dividend declared on OP units           (447) (447)
Contributions, net           75 75
Equity component of 2017 convertible note issuance (89)   (89)     (2) (91)
Stock-based compensation 100   100       100
Stock-based compensation (shares)   6,336          
Net Income 12,104     12,104   323 12,427
Other comprehensive loss (2,550)       (2,550) (64) (2,614)
Balance at end of period at Sep. 30, 2019 $ 719,747 $ 4 $ 720,823 $ 9,173 $ (10,253) $ 19,264 $ 739,011
Balance at end of period (in shares) at Sep. 30, 2019   44,421,815