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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 (30,794)     (30,794)     (30,794)
Dividend declared on OP units           (894) (894)
Shares issued pursuant to merger transactions 179,321 $ 1 179,320       $ 179,321
Common stock issued in connection with merger transactions (shares)   12,223,552         12,223,552
Offering costs (73)   (73)     (2) $ (75)
Distributions, net           (5) (5)
Equity component of 2017 convertible note issuance (172)   (172)     (5) (177)
Stock-based compensation 1,026   1,026       1,026
Stock-based compensation (shares)   71,876          
Manager incentive fee paid in stock 233   233       233
Manager incentive fee paid in stock (shares)   14,939          
Net income (loss) 40,436     40,436   1,257 41,693
Other comprehensive loss (6,781)       (6,781) (216) (6,997)
Balance at end of period at Jun. 30, 2019 728,027 $ 4 720,812 14,914 (7,703) 19,379 747,406
Balance at end of period (in shares) at Jun. 30, 2019   44,415,479          
Balance at beginning of period at Mar. 31, 2019 741,146 $ 4 720,680 21,790 (1,328) 19,743 760,889
Balance at beginning of period (in shares) at Mar. 31, 2019   44,395,713          
Increase (Decrease) in Stockholders' Equity              
Dividend declared on common stock (17,845)     (17,845)     (17,845)
Dividend declared on OP units           (447) (447)
Offering costs (73)   (73)     (2) (75)
Contributions, net           15 15
Equity component of 2017 convertible note issuance (88)   (88)     (2) (90)
Stock-based compensation 293   293       293
Stock-based compensation (shares)   19,766          
Net income (loss) 10,969     10,969   276 11,245
Other comprehensive loss (6,375)       (6,375) (204) (6,579)
Balance at end of period at Jun. 30, 2019 728,027 $ 4 720,812 14,914 (7,703) 19,379 747,406
Balance at end of period (in shares) at Jun. 30, 2019   44,415,479          
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 (35,303)     (35,303)     (35,303)
Dividend declared on OP units           (741) (741)
Stock issued in connection with stock dividend 17,033   17,033     362 17,395
Stock issued in connection with stock dividend (shares)   2,764,487          
Equity issuances 13,410   13,410       13,410
Equity issuances (shares)   900,000          
Offering costs (45)   (45)     (1) (46)
Distributions, net           (50) (50)
Equity component of 2017 convertible note issuance (187)   (187)     (4) (191)
Stock-based compensation 1,121   1,121       1,121
Stock-based compensation (shares)   76,822          
Manager incentive fee paid in stock 53   53       53
Manager incentive fee paid in stock (shares)   4,154          
Net income (loss) (16,599)     (16,599)   (254) (16,853)
Other comprehensive loss (3,700)       (3,700) (79) (3,779)
Balance at end of period at Jun. 30, 2020 794,596 $ 5 854,222 (49,755) (9,876) 18,450 813,046
Balance at end of period (in shares) at Jun. 30, 2020   54,872,789          
Balance at beginning of period at Mar. 31, 2020 757,928 $ 5 837,064 (69,605) (9,536) 17,631 775,559
Balance at beginning of period (in shares) at Mar. 31, 2020   52,091,850          
Increase (Decrease) in Stockholders' Equity              
Dividend declared on common stock (14,003)     (14,003)     (14,003)
Dividend declared on OP units           (294) (294)
Stock issued in connection with stock dividend 17,033   17,033     362 17,395
Stock issued in connection with stock dividend (shares)   2,764,487          
Offering costs (7)   (7)       (7)
Distributions, net           (50) (50)
Equity component of 2017 convertible note issuance (95)   (95)     (2) (97)
Stock-based compensation 227   227       227
Stock-based compensation (shares)   16,452          
Net income (loss) 33,853     33,853   810 34,663
Other comprehensive loss (340)       (340) (7) (347)
Balance at end of period at Jun. 30, 2020 794,596 $ 5 $ 854,222 (49,755) $ (9,876) 18,450 813,046
Balance at end of period (in shares) at Jun. 30, 2020   54,872,789          
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)