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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total Ready Capital Corporation Equity
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, 2022 $ 1,791,088 $ 111,378 $ 11 $ 1,684,074 $ 4,994 $ (9,369) $ 99,146 $ 1,890,234
Balance at beginning of period (in shares) at Dec. 31, 2022   4,600,000 110,523,641          
Increase (Decrease) in Stockholders' Equity                
Dividend declared on common stock (44,670)       (44,670)     (44,670)
Dividend declared on OP units             (638) (638)
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 125     125       125
Offering costs (19)     (19)       (19)
Distributions, net             (100) (100)
Equity component of 2017 convertible note issuance (115)     (115)     (2) (117)
Stock-based compensation 4,947     4,947       4,947
Stock-based compensation (shares)     333,470          
Share repurchases (1,382)     (1,382)       (1,382)
Share repurchases (shares)     (111,453)          
Reallocation of noncontrolling interest 3     1   2 (3)  
Net income (loss) 35,143       35,143   1,835 36,978
Other comprehensive income (2,986)         (2,986) (41) (3,027)
Balance at end of period at Mar. 31, 2023 1,780,135 $ 111,378 $ 11 1,687,631 (6,532) (12,353) 100,197 1,880,332
Balance at end of period (in shares) at Mar. 31, 2023   4,600,000 110,745,658          
Balance at beginning of period at Dec. 31, 2023 2,539,937 $ 111,378 $ 17 2,321,989 124,413 (17,860) 98,464 2,638,401
Balance at beginning of period (in shares) at Dec. 31, 2023   4,600,000 172,276,105          
Increase (Decrease) in Stockholders' Equity                
Dividend declared on common stock (51,676)       (51,676)     (51,676)
Dividend declared on OP units             (372) (372)
Dividend declared on Series C preferred shares (131)       (131)     (131)
Dividend declared on Series E preferred shares (1,868)       (1,868)     (1,868)
Distributions, net (18)     (18)       (18)
Distributions, net (in shares)     (1,981)          
Stock-based compensation 4,110     4,110       4,110
Stock-based compensation (shares)     325,918          
Conversion of OP units into common stock 612     612     (612)  
Conversion of OP units into common stock (shares)     90,000          
Share repurchases (20,035)     (20,035)       (20,035)
Share repurchases (shares)     (2,244,709)          
Reallocation of noncontrolling interest 573     645   (72) (573)  
Net income (loss) (74,284)       (74,284)   117 (74,167)
Other comprehensive income 5,597         5,597 41 5,638
Balance at end of period at Mar. 31, 2024 $ 2,402,817 $ 111,378 $ 17 $ 2,307,303 $ (3,546) $ (12,335) $ 97,065 $ 2,499,882
Balance at end of period (in shares) at Mar. 31, 2024   4,600,000 170,445,333