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UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL INFORMATION - Statement of Operations (Details 1)

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UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL INFORMATION - Statement of Operations (Details 1) (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest income $ 42,073 $ 47,486 $ 62,824 $ 61,332 $ 59,186 $ 72,947 $ 77,956 $ 72,862 $ 213,715 $ 282,951  
Interest expense 24,119 20,555 21,998 22,710 21,886 28,411 29,462 30,165 89,382 109,924  
Net interest income 17,954 26,931 40,826 38,622 37,300 44,536 48,494 42,697 124,333 173,027  
Impairment (Reversal)                      
Valuation allowance (reversal) on loans - Note 7                 (25,035) (24,587)  
Other-than-temporary impairment on securities- Note 6                 5,222 19,359  
Impairment of long-lived assets                        
Portion of other-than-temporary impairment on securities recognized in other comprehensive income (loss), net of the reversal of other comprehensive loss into net income (loss)                 44 (436)  
Total Impairment (Reversal) (12,745) (12,998) 3,201 2,773 (12,097) 5,014 8,499 (7,080) (19,769) (5,664)  
Net interest income (loss) after impairment/reversal                 144,102 178,691  
Other Revenues                      
Rental income                 74,936 17,081  
Care and ancillary income - senior housing                 12,387 2,994  
Total other revenues 34,898 24,912 14,013 13,500 10,980 8,071 515 509 87,323 20,075  
Other Income (Loss)                      
Gain on settlement of investments, net - Note 2                 17,369 232,897  
Gain on extinguishment of debt - Note 14                 4,565 24,085  
Other income, net - Note 2                 13,367 5,312  
Total other income (loss) 14,731 [1] 6,710 [1] 8,090 [1] 5,770 [1] 4,632 [1] 234,008 [1] (4,882) [1] 28,536 [1] 35,301 [1] 262,294 [1]  
Expenses                      
Loan and security servicing expense                 3,857 4,260  
Property operating expenses 21,142 15,804 8,409 8,363 7,443 5,043 232 225 53,718 12,943  
General and administrative expense                 36,775 17,247  
Management fee to affiliate - Note 17                 33,091 24,693  
Depreciation and amortization 11,247 7,732 4,070 4,079 4,586 2,385 2 2 27,128 6,975  
Operating Expenses                 152,990 66,118  
Income (loss) from continuing operations before income tax                 113,736 394,942  
Income tax expense (175) 1,213               1,038    
Income from continuing operations 26,106 30,585 28,142 27,865 38,518 262,247 23,819 70,358 112,698 394,942  
Income from discontinued operations, net of tax - Note 4 5,255 (1,341) 25,581 10,148 18,461 10,974 6,620 3,113 39,643 39,168  
Net income                 152,341 434,110 304,519
Preferred dividends (1,395) (1,395) (1,395) (1,395) (1,395) (1,395) (1,395) (1,395) (5,580) (5,580)  
Net income attributable to noncontrolling interests (928)                  (928)    
Income (loss) applicable to common stockholders 29,038 27,849 [2] 52,328 [2] 36,618 [2] 55,584 271,826 [2] 29,044 [2] 72,076 [2] 145,833 428,530  
Income (loss) from continuing operations per share of common stock, after preferred dividends and noncontrolling interest                      
Basic                 $ 0.39 $ 2.70  
Diluted                 $ 0.37 $ 2.67  
Weighted Average Number of Shares of Common Stock Outstanding                      
Basic 318,687,000 293,374,000 259,228,000 235,137,000 172,519,000 164,238,000 134,115,000 105,181,000 276,881,294 144,146,370  
Diluted 325,601,000 301,028,000 265,396,000 240,079,000 175,413,000 166,429,000 135,173,000 105,670,000 283,309,645 145,766,413  
Pro Forma Adjustments New Residential Spin-Off
                      
Interest income                 (12,019) [3]    
Interest expense                 (2,152) [3]    
Net interest income                 (9,867) [3]    
Impairment (Reversal)                      
Valuation allowance (reversal) on loans - Note 7                    [3]    
Other-than-temporary impairment on securities- Note 6                 (3,756) [3]    
Impairment of long-lived assets                    [3]    
Portion of other-than-temporary impairment on securities recognized in other comprehensive income (loss), net of the reversal of other comprehensive loss into net income (loss)                    [3]    
Total Impairment (Reversal)                 (3,756) [3]    
Net interest income (loss) after impairment/reversal                 (6,111) [3]    
Other Revenues                      
Rental income                    [3]    
Care and ancillary income - senior housing                    [3]    
Total other revenues                    [3]    
Other Income (Loss)                      
Gain on settlement of investments, net - Note 2                 (58) [3]    
Gain on extinguishment of debt - Note 14                    [3]    
Other income, net - Note 2                    [3]    
Total other income (loss)                 (58) [3]    
Expenses                      
Loan and security servicing expense                 (108) [3]    
Property operating expenses                    [3]    
General and administrative expense                 (38) [3]    
Management fee to affiliate - Note 17                 (4,134) [3]    
Depreciation and amortization                    [3]    
Operating Expenses                 (4,280) [3]    
Income (loss) from continuing operations before income tax                 (1,889) [3]    
Income tax expense                    [3]    
Income from continuing operations                 (1,889) [3]    
Income from discontinued operations, net of tax - Note 4                    [3]    
Net income                 (1,889) [3]    
Preferred dividends                    [3]    
Net income attributable to noncontrolling interests                    [3]    
Income (loss) applicable to common stockholders                 (1,889) [3]    
Pro Forma Adjustments Holiday Portfolio Acquisition
                      
Interest income                       
Interest expense                 33,844 [4]    
Net interest income                 (33,844)    
Impairment (Reversal)                      
Valuation allowance (reversal) on loans - Note 7                       
Other-than-temporary impairment on securities- Note 6                       
Impairment of long-lived assets                       
Portion of other-than-temporary impairment on securities recognized in other comprehensive income (loss), net of the reversal of other comprehensive loss into net income (loss)                       
Total Impairment (Reversal)                       
Net interest income (loss) after impairment/reversal                 (33,844)    
Other Revenues                      
Rental income                 87,625 [5]    
Care and ancillary income - senior housing                       
Total other revenues                 87,625    
Other Income (Loss)                      
Gain on settlement of investments, net - Note 2                       
Gain on extinguishment of debt - Note 14                       
Other income, net - Note 2                       
Total other income (loss)                       
Expenses                      
Loan and security servicing expense                       
Property operating expenses                       
General and administrative expense                       
Management fee to affiliate - Note 17                 4,038 [6],[7]    
Depreciation and amortization                 48,264 [8]    
Operating Expenses                 52,302    
Income (loss) from continuing operations before income tax                 1,479    
Income tax expense                       
Income from continuing operations                 1,479    
Income from discontinued operations, net of tax - Note 4                       
Net income                 1,479    
Preferred dividends                       
Net income attributable to noncontrolling interests                       
Income (loss) applicable to common stockholders                 1,479    
Pro Forma
                      
Interest income                 201,696    
Interest expense                 121,074    
Net interest income                 80,622    
Impairment (Reversal)                      
Valuation allowance (reversal) on loans - Note 7                 (25,035)    
Other-than-temporary impairment on securities- Note 6                 1,466    
Impairment of long-lived assets                       
Portion of other-than-temporary impairment on securities recognized in other comprehensive income (loss), net of the reversal of other comprehensive loss into net income (loss)                 44    
Total Impairment (Reversal)                 (23,525)    
Net interest income (loss) after impairment/reversal                 (104,147)    
Other Revenues                      
Rental income                 162,561    
Care and ancillary income - senior housing                 12,387    
Total other revenues                 174,948    
Other Income (Loss)                      
Gain on settlement of investments, net - Note 2                 17,311    
Gain on extinguishment of debt - Note 14                 4,565    
Other income, net - Note 2                 13,367    
Total other income (loss)                 35,243    
Expenses                      
Loan and security servicing expense                 3,749    
Property operating expenses                 53,718    
General and administrative expense                 35,158    
Management fee to affiliate - Note 17                 32,995    
Depreciation and amortization                 75,392    
Operating Expenses                 201,012    
Income (loss) from continuing operations before income tax                 113,326    
Income tax expense                 1,038    
Income from continuing operations                 112,288    
Income from discontinued operations, net of tax - Note 4                 39,643    
Net income                 151,931    
Preferred dividends                 (5,580)    
Net income attributable to noncontrolling interests                 (928)    
Income (loss) applicable to common stockholders                 $ 145,423    
Income (loss) from continuing operations per share of common stock, after preferred dividends and noncontrolling interest                      
Basic                 $ 0.32 [9]    
Diluted                 $ 0.32 [9]    
Weighted Average Number of Shares of Common Stock Outstanding                      
Basic                 328,481,457 [9]    
Diluted                 334,909,808 [9]    
[1] Including equity in earnings of unconsolidated subsidiaries.
[2] 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).
[3] Represents the portion of New Residential's historical consolidated statement of income for the period from January 1, 2013 to May 15, 2013 that is not included in Newcastle's income (loss) from discontinued income. After the May 15, 2013 spin-off of New Residential from Newcastle, no results of New Residential have been reported in Newcastle's consolidated statement of income.
[4] Represents the estimated interest expense on the loan related to the acquisition of the Holiday Portfolio including the estimated amortization of deferred financing costs.
[5] Represents the estimated rental income from the independent senior housing properties acquired under a triple net lease agreement for the year ended December 31, 2013.
[6] During 2013, Newcastle paid management fees of $27.6 million, $3.5 million and $1.5 million to its Manager, Blue Harbor and Holiday, respectively. In 2012, Newcastle paid management fees of $23.1 million and $1.1 million to its Manager and Blue Harbor, respectively.
[7] Represents the estimated management fees for the year ended December 31, 2013 that Newcastle would have paid Fortress Investment Group LLC as a result of the public offering of common stock in November 2013.
[8] Represents the estimated depreciation expense for the year ended December 31, 2013 based on the carrying value of the assets acquired and their estimated useful life.
[9] Weighted average number of shares of common stock outstanding and income from continuing operations per share of common stock, after preferred dividends and noncontrolling interest, were adjusted retrospectively to reflect the issuance of 57,950,952 shares on November 22, 2013, the proceeds of which were used to fund a portion of the purchase price for the Holiday Portfolio. Weighted average number of shares of common stock outstanding and income from continuing operations per share of common stock, after preferred dividends and noncontrolling interest were not adjusted to include potential additional diluted shares as a result of the changes to outstanding Newcastle options from the spin-offs. The number of additional diluted shares will depend on various factors, including the share prices of Newcastle, New Residential and New Media subsequent to the spin-offs.