Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details Narrative)

v2.4.1.9
INCOME TAXES (Details Narrative) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 12 Months Ended 24 Months Ended
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Net Income Distributed                 100.00%nct_NetIncomeDistributed 100.00%nct_NetIncomeDistributed 100.00%nct_NetIncomeDistributed    
Repurchase of debt                   $ 35,900us-gaap_RepaymentsOfDebt $ 39,300us-gaap_RepaymentsOfDebt $ 188,900us-gaap_RepaymentsOfDebt $ 787,800us-gaap_RepaymentsOfDebt
Gain on extinguishment of debt                   4,600us-gaap_ExtinguishmentOfDebtGainLossNetOfTax 24,100us-gaap_ExtinguishmentOfDebtGainLossNetOfTax 81,100us-gaap_ExtinguishmentOfDebtGainLossNetOfTax 521,100us-gaap_ExtinguishmentOfDebtGainLossNetOfTax
GAAP gain                     23,200nct_TaxablePortionOfGain 66,100nct_TaxablePortionOfGain  
Face value of debt repurchased related to GAAP portion                     34,100nct_FaceValueOfDebtRepurchasedRelatedToGAAPPortion 171,800nct_FaceValueOfDebtRepurchasedRelatedToGAAPPortion  
Debt cancelled in securitization                 139,500us-gaap_DebtInstrumentDecreaseForgiveness        
Net operating loss carryforwards expiration                 20 years        
Capital loss carryforwards expiration                 5 years        
Net operating loss carryforwards         659,100us-gaap_OperatingLossCarryforwards         659,100us-gaap_OperatingLossCarryforwards      
Income tax expense (benefit) 64us-gaap_IncomeTaxExpenseBenefit [1]    [2] 4us-gaap_IncomeTaxExpenseBenefit [2] 140us-gaap_IncomeTaxExpenseBenefit [2],[3]       [3]    [3]    [3] 208us-gaap_IncomeTaxExpenseBenefit        
Decrease in valuation allowance                 267,600us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount        
TRSs [Member]                          
Income tax expense (benefit)                 (900)us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= nct_TRSMember 		2,100us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= nct_TRSMember 		0us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= nct_TRSMember 		   
TRSs [Member] | Federal and State Tax Authority [Member]                          
Net operating loss carryforwards $ 67,600us-gaap_OperatingLossCarryforwards
/ us-gaap_IncomeTaxAuthorityAxis
= us-gaap_DomesticCountryMember
/ dei_LegalEntityAxis
= nct_TRSMember 		              $ 67,600us-gaap_OperatingLossCarryforwards
/ us-gaap_IncomeTaxAuthorityAxis
= us-gaap_DomesticCountryMember
/ dei_LegalEntityAxis
= nct_TRSMember 		       
New Residential Spin-Off [Member]                          
Common stock value per share         $ 41.34nct_CommonStockValueDistributionPerShare
/ dei_LegalEntityAxis
= nct_NewResidentialMember 		        $ 41.34nct_CommonStockValueDistributionPerShare
/ dei_LegalEntityAxis
= nct_NewResidentialMember 		     
New Media Spin-Off [Member]                          
Common stock value per share $ 5.34nct_CommonStockValueDistributionPerShare
/ dei_LegalEntityAxis
= nct_NewMediaMember 		              $ 5.34nct_CommonStockValueDistributionPerShare
/ dei_LegalEntityAxis
= nct_NewMediaMember 		       
New Senior Spin-Off [Member]                          
Common stock value per share $ 18.02nct_CommonStockValueDistributionPerShare
/ dei_LegalEntityAxis
= us-gaap_SubsidiaryIssuerMember 		              $ 18.02nct_CommonStockValueDistributionPerShare
/ dei_LegalEntityAxis
= us-gaap_SubsidiaryIssuerMember 		       
[1] The options outstanding were excluded from the diluted share calculation as their effect would have been anti-dilutive.
[2] Including equity in earnings of unconsolidated subsidiaries.
[3] 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 3).