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SUMMARY OF QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED) (Tables)

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SUMMARY OF QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2013
Summary Of Quarterly Consolidated Financial Information Tables  
Schedule of quarterly unaudited summary information

The following is unaudited summary information on Newcastle’s quarterly operations.

                                 
2013   Quarter Ended   Year Ended  
    March 31 (A)   June 30 (A)   September 30 (A)   December 31   December 31  
Interest income   $ 61,332   $ 62,824   $ 47,486   $ 42,073   $ 213,715  
Interest expense     22,710     21,998     20,555     24,119     89,382  
Net interest income (expense)     38,622     40,826     26,931     17,954     124,333  
Impairment (reversal)     2,773     3,201     (12,998 )   (12,745 )   (19,769 )
Other revenues     13,500     14,013     24,912     34,898     87,323  
Other income (loss) (B)     5,770     8,090     6,710     14,731     35,301  
Property operating expenses     8,363     8,409     15,804     21,142     53,718  
Depreciation and amortization     4,079     4,070     7,732     11,247     27,128  
Other operating expenses     14,812     19,107     16,217     22,008     72,144  
Income tax expense             1,213     (175 )   1,038  
Income (loss) from continuing operations     27,865     28,142     30,585     26,106     112,698  
Income (loss) from discontinued operations, net of tax     10,148     25,581     (1,341 )   5,255   39,643  
Preferred dividends     (1,395 )   (1,395 )   (1,395 )   (1,395 )   (5,580 )
Net income attributable to noncontrolling interests                 (928 )   (928 )
Income (loss) applicable to common stockholders   $ 36,618   $ 52,328   $ 27,849   $ 29,038   $ 145,833  
Net income (loss) per share of common stock                                
Basic   $ 0.16   $ 0.20   $ 0.09   $ 0.09   $ 0.53  
Diluted   $ 0.15   $ 0.20   $ 0.09   $ 0.09   $ 0.51  
Income (loss) from discontinued operations per share of common stock                                
Basic   $ 0.04   $ 0.10   $ $ 0.01   $ 0.14  
Diluted   $ 0.04   $ 0.10   $ $ 0.01   $ 0.14  
Weighted average number of shares of common stock outstanding                                
Basic     235,137     259,228     293,374     318,687     276,881  
Diluted     240,079     265,396     301,028     325,601     283,310  
                                 
2012   Quarter Ended   Year Ended  
    March 31 (A)   June 30 (A)   September 30 (A)   December 31   December 31  
Interest income   $ 72,862   $ 77,956   $ 72,947   $ 59,186   $ 282,951  
Interest expense     30,165     29,462     28,411     21,886     109,924  
Net interest income (expense)     42,697     48,494     44,536     37,300     173,027  
Impairment     (7,080 )   8,499     5,014     (12,097 )   (5,664 )
Other revenues     509     515     8,071     10,980     20,075  
Other income (loss) (B)     28,536     (4,882 )   234,008     4,632     262,294  
Property operating expenses     225     232     5,043     7,443     12,943  
Depreciation and amortization     2     2     2,385     4,586     6,975  
Other operating expenses     8,237     11,575     11,926     14,462     46,200  
Income (loss) from continuing operations     70,358     23,819     262,247     38,518     394,942  
Income (loss) from discontinued operations     3,113     6,620     10,974     18,461     39,168  
Preferred dividends     (1,395 )   (1,395 )   (1,395 )   (1,395 )   (5,580 )
Income (loss) applicable to common stockholders   $ 72,076   $ 29,044   $ 271,826   $ 55,584   $ 428,530  
Net income (loss) per share of common stock                                
Basic   $ 0.68   $ 0.21   $ 1.65   $ 0.32   $ 2.97  
Diluted   $ 0.68   $ 0.21   $ 1.63   $ 0.32   $ 2.94  
Income (loss) from discontinued operations per share of common stock                                
Basic   $ 0.03   $ 0.05   $ 0.07   $ 0.11   $ 0.27  
Diluted   $ 0.03   $ 0.05   $ 0.07   $ 0.11   $ 0.27  
Weighted average number of shares of common stock outstanding                                
Basic     105,181     134,115     164,238     172,519     144,146  
Diluted     105,670     135,173     166,429     175,413     145,766  
   
(A) The Income Available for Common Stockholders shown agrees with Newcastle’s quarterly report(s) on Form 10-Q as filed with the Securities and Exchange Commission. However, individual line items may vary from such report(s) due to the operations of properties sold, or classified as held for sale, during subsequent periods being retroactively reclassified to Income for Discontinued Operations for all periods presented (Note 8).
(B) Including equity in earnings of unconsolidated subsidiaries.