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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, 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 (12,949)     (12,949)     (12,949)
Dividend declared on OP units           (447) (447)
Shares issued pursuant to merger transactions 179,321 $ 1 179,320       179,321
Common stock issued in connection with merger transactions   12,223,552          
Distributions, net           (20) (20)
Equity component of 2017 convertible note issuance (84)   (84)       (84)
Stock-based compensation 733   733       733
Stock-based compensation (shares)   52,110          
Manager incentive fee paid in stock 233   233     (3) 230
Manager incentive fee paid in stock (in shares)   14,939          
Net income (loss) 29,467     29,467   983 30,450
Other comprehensive loss (406)       (406) (14) (420)
Balance at end of period at Mar. 31, 2019 741,146 $ 4 720,680 21,790 (1,328) 19,743 760,889
Balance at end of period (in shares) at Mar. 31, 2019   44,395,713          
Increase (Decrease) in Stockholders' Equity              
Cumulative-effect adjustment upon adoption of ASU 2016-13, net of taxes (note 4) (6,599)     (6,599)   (155) (6,754)
Balance at beginning of period at Dec. 31, 2019 825,412 $ 5 822,837 8,746 (6,176) 19,372 844,784
Balance at beginning of period (in shares) at Dec. 31, 2019   51,127,326          
Increase (Decrease) in Stockholders' Equity              
Dividend declared on common stock (21,300)     (21,300)     (21,300)
Dividend declared on OP units           (447) (447)
Equity issuances 13,410   13,410       13,410
Equity issuances (shares)   900,000          
Offering costs (38)   (38)     (1) (39)
Equity component of 2017 convertible note issuance (92)   (92)     (2) (94)
Stock-based compensation 894   894       894
Stock-based compensation (shares)   60,370          
Manager incentive fee paid in stock 53   53       53
Manager incentive fee paid in stock (in shares)   4,154          
Net income (loss) (50,452)     (50,452)   (1,064) (51,516)
Other comprehensive loss (3,360)       (3,360) (72) (3,432)
Balance at end of period at Mar. 31, 2020 $ 757,928 $ 5 $ 837,064 $ (69,605) $ (9,536) $ 17,631 $ 775,559
Balance at end of period (in shares) at Mar. 31, 2020   52,091,850