1.0.0.3 false Stockholders' Equity false 1 $ false false USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USDPerShare Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 2 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 0 wlt_NotesToConsolidatedFinancialsAbstract wlt false na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false No definition available. false 3 Stockholders' Equity 1 us-gaap_StockholdersEquityNoteDisclosureTextBlock us-gaap true na duration string No definition available. false false false false false false false false false 1 false false 0 0 <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> NOTE 12Stockholders' Equity         On June 16, 2008, the Company completed a public offering of 3,220,000 shares of its common stock at a price of $90.75 per share. The Company received $280.5 million of net proceeds from this offering, after deducting underwriting discounts and offering expenses. The Company used the net proceeds from this offering to repay $280.4 million of the borrowings outstanding under the Company's 2005 Walter Credit Agreement.         On July 31, 2008, the Board of Directors approved an increase in the Company's regular quarterly dividend rate from $0.05 per common share to $0.10 per common share.         During 2008, the Company repurchased 354,256 shares under its $25.0 million share repurchase program, thereby fulfilling the program's authorized allotment, which was authorized by the Company's Board of Directors on August 13, 2007. On September 26, 2008, the Board of Directors approved a new $50.0 million share repurchase program, which was intended to replace the previously authorized $25.0 million share repurchase program. Through December 31, 2008, the Company had repurchased 1,276,743 shares for $45.2 million under this program. On December 31, 2008, the Company announced that its Board of Directors had authorized a $50.0 million expansion of the Company's share repurchase program. The new program began on January 1, 2009 and purchases are based on liquidity and market conditions. Through December 31, 2009, a total of 2,747,659 shares have been repurchased for $79.4 million under the $100.0 million program. During the period January 1, 2010 through February 23, 2010, the Company repurchased an additional 69,679 shares for $4.7 million, leaving $15.9 million available for future purchases.         On April 23, 2009, shareholders voted to grant the Company the authority to issue 20,000,000 shares of Preferred Stock, par value $0.01 per share. The Board believes the ability to issue preferred stock is necessary in order to provide the Company with greater flexibility in structuring future capital raising transactions, acquisitions and/or joint ventures, including taking advantage of financing techniques that receive favorable treatment from credit rating agencies. No preferred shares have been issued. </td></tr></table> NOTE 12Stockholders' Equity         On June 16, 2008, the Company completed a public offering of 3,220,000 false false No definition available. No authoritative reference available. false false 1 2 false UnKnown UnKnown UnKnown false true