Company: RWT-PA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000930236-25-000007
Chunk: 145

Company: REDWOOD TRUST INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 16
Chunk 145
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050,825 116,283,328 117,227,846 Basic Earnings (Loss) per Common Share$0.32 $(0.11)$(1.43)Diluted Earnings (Loss) per Common Share:Net income (loss) available (related) to common stockholders$46,989 $(8,958)$(163,520)Less: Dividends and undistributed earnings allocated to participating securities(4,391)(3,999)(4,335)Net income (loss) available (related) to common stockholders$42,598 $(12,957)$(167,855)Weighted average common shares outstanding132,050,825 116,283,328 117,227,846 Net effect of dilutive equity awards88,609 — — Net effect of assumed convertible notes conversion to common shares— — — Diluted weighted average common shares outstanding132,139,434 116,283,328 117,227,846 Diluted Earnings (Loss) per Common Share$0.32 $(0.11)$(1.43)We included participating securities, which are certain equity awards that have non-forfeitable dividend participation rights, in the calculations of basic and diluted earnings per common share as we determined that the two-class method was more dilutive than the alternative treasury stock method for these shares. Dividends and undistributed earnings allocated to participating securities under the basic and diluted earnings per share calculations require specific shares to be included that may differ in certain circumstances.During the years ended December 31, 2024, 2023 and 2022, none of our convertible or exchangeable senior notes were determined to be dilutive and were not included in the calculation of diluted EPS under the "if-converted" method. Under this method, for the exchangeable senior notes due in 2025, and previously for the repaid convertible senior notes due in 2024 and 2023, the periodic interest expense (net of applicable taxes) for dilutive notes is added back to the numerator and the weighted average number of shares that the notes are entitled to (if converted, regardless of whether they are in or out of the money) are included in the denominator. For convertible notes due in 2027, if the potential conversion of the debt is dilutive, then the number of shares needed to settle the conversion premium are added to the shares outstanding used to calculate dil