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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total Ready Capital Corporation Equity
Cumulative Effect, Period of Adoption, Adjustment
Total Ready Capital Corporation Equity
Common Stock
Additional Paid-in-Capital
Retained Earnings (Deficit)
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings (Deficit)
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Cumulative Effect, Period of Adoption, Adjustment
Noncontrolling Interests
Cumulative Effect, Period of Adoption, Adjustment
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   (50,601)       (50,601)         (50,601)
Dividend declared on OP units                 (1,766)   (1,766)
Equity issuances   86   86             86
Equity issuances (shares)     5,000                
Offering costs   (103)   (103)             (103)
Contributions, net                 38   38
Equity component of 2017 convertible note issuance   (322)   (322)         (12)   (334)
Stock-based compensation   447   447             447
Stock-based compensation (shares)     48,617                
Conversion of OP units into common stock   577   577         (577)    
Conversion of OP units into common stock (shares)     33,658                
Manager incentive fee paid in stock   338   338             338
Manager incentive fee paid in stock (shares)     21,397                
Net income (loss)   59,258       59,258     2,199   61,457
Other comprehensive income (loss)   (922)         $ (922)   (32)   (954)
Balance at end of period at Dec. 31, 2018   544,831 $ 3 540,478   5,272 (922)   19,244   564,075
Balance at end of period (in shares) at Dec. 31, 2018     32,105,112                
Increase (Decrease) in Stockholders' Equity                      
Dividend declared on common stock   (69,494)       (69,494)         (69,494)
Dividend declared on OP units                 (1,788)   (1,788)
Shares issued pursuant to merger transactions   189,611 $ 1 189,610             189,611
Shares issued pursuant merger to merger transactions (shares)     12,882,323                
Equity issuances   91,800 $ 1 91,799             91,800
Equity issuances (shares)     (6,000,000)                
Offering costs   (408)   (408)         (2)   (410)
Contributions, net                 20   20
Equity component of 2017 convertible note issuance   (351)   (351)         (9)   (360)
Stock-based compensation   1,476   1,476             1,476
Stock-based compensation (shares)     124,952                
Manager incentive fee paid in stock   233   233             233
Manager incentive fee paid in stock (shares)     14,939                
Net income (loss)   72,968       72,968     2,088   75,056
Other comprehensive income (loss)   (5,254)         (5,254)   (181)   (5,435)
Balance at end of period (ASU 2016-13) at Dec. 31, 2019 $ (6,599)       $ (6,599)     $ (155)   $ (6,754)  
Balance at end of period at Dec. 31, 2019   825,412 $ 5 822,837   8,746 (6,176)   19,372   844,784
Balance at end of period (in shares) at Dec. 31, 2019     51,127,326                
Increase (Decrease) in Stockholders' Equity                      
Dividend declared on common stock   (71,220)       (71,220)         (71,220)
Dividend declared on OP units                 (1,504)   (1,504)
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   (49)   (49)         (1)   (50)
Distributions, net                 (250)   (250)
Equity component of 2017 convertible note issuance   (379)   (379)         (8)   (387)
Stock-based compensation   5,399   5,399             5,399
Stock-based compensation (shares)     357,945                
Manager incentive fee paid in stock   1,806   1,806             1,806
Manager incentive fee paid in stock (shares)     212,844                
Share repurchases   (10,516)   (10,516)             (10,516)
Share repurchases (shares)     (993,603)                
Sale of subsidiary interest to non-controlling interest                 (122)   (122)
Net income (loss)   44,870       44,870     1,199   46,069
Other comprehensive income (loss)   (3,771)         (3,771)   (81)   (3,852)
Balance at end of period at Dec. 31, 2020   $ 815,396 $ 5 $ 849,541   $ (24,203) $ (9,947)   $ 18,812   $ 834,208
Balance at end of period (in shares) at Dec. 31, 2020     54,368,999