Annual report pursuant to Section 13 and 15(d)

GOODWILL AND INTANGIBLES (Tables)

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GOODWILL AND INTANGIBLES (Tables)
 12 Months Ended
Dec. 31, 2013
Goodwill And Intangibles Tables  
Schedule of goodwill and intangibles

The following table summarizes Newcastle’s goodwill and intangibles related to its senior housing real estate, media and golf businesses:

                                       
    December 31, 2013   December 31, 2012  
    Gross               Gross              
    Carrying   Accumulated   Net Carrying   Carrying   Accumulated   Net Carrying  
    Amount   Amortization   Value   Amount   Amortization   Value  
Amortizable intangible assets:                                      
In-place resident lease intangibles   $ 112,267   $ (21,902 ) $ 90,365   $ 22,711   $ (4,205 ) $ 18,506  
Non-compete intangibles     1,600     (223 )   1,377     600     (20 )   580  
Land lease intangibles     3,498     (1 )   3,497     —     —     —  
PILOT intangible     3,700     (124 )   3,576     —     —     —  
Other intangibles     2,046     (2 )   2,044     —     —     —  
Total Senior Housing     123,111     (22,252 )   100,859     23,311     (4,225 )   19,086  
Advertiser relationships     58,269     (359 )   57,910     —     —     —  
Customer relationships     5,666     (35 )   5,631     —     —     —  
Subscriber relationships     35,966     (221 )   35,745     —     —     —  
Trade name     268     (3 )   265     —     —     —  
Total Media     100,169     (618 )   99,551     —     —     —  
Trade name     700     —     700     —     —     —  
Leasehold intangibles     52,066     —     52,066     —     —     —  
Management contracts     39,000     —     39,000     —     —     —  
Internally-developed software     800     —     800     —     —     —  
Membership base     5,400     —     5,400     —     —     —  
Total Golf     97,966     —     97,966     —     —     —  
Total   $ 321,246   $ (22,870 ) $ 298,376   $ 23,311   $ (4,225 ) $ 19,086  
Nonamortizable intangible assets:                                      
Mastheads-Media     45,849     —     45,849                    
Liquor license-Golf     900     —     900                    
Goodwill     126,686     —     126,686                    
Total   $ 494,681   $ (22,870 ) $ 471,811                    
Schedule of expected amortization of intangible assets

The unamortized balance of intangible assets at December 31, 2013 are expected to be charged to amortization expense as follows:

         
2014   $ 61,435  
2015     49,122  
2016     33,262  
2017     16,304  
2018     15,543  
Thereafter     122,710  
    $ 298,376  
Schedule of change in carrying amount of goodwill

The changes in the carrying amount of goodwill for the year ended December 31, 2013 are as follows:

         
Gross balance at January 1, 2013   $ —  
Business combination     126,686  
Net balance at December 31, 2013   $ 126,686