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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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| Cash Flows From Operating Activities | ||
| Net (loss) income | $ (878)us-gaap_ProfitLoss | $ 4,257us-gaap_ProfitLoss |
| Adjustments to reconcile net income to net cash provided by operating activities (inclusive of amounts related to discontinued operations): | ||
| Depreciation and amortization | 6,764nct_DepreciationDepletionAndAmortizationIncludingDiscontinuedOperations | 33,402nct_DepreciationDepletionAndAmortizationIncludingDiscontinuedOperations |
| Accretion of discount and other amortization | (638)us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments | (7,346)us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments |
| Net interest income on investments accrued to principal balance | (4,840)nct_InterestIncomeOnInvestmentsAccruedToPrincipalBalance | (7,105)nct_InterestIncomeOnInvestmentsAccruedToPrincipalBalance |
| Valuation allowance on loans | 357us-gaap_ProvisionForLoanLeaseAndOtherLosses | 1,246us-gaap_ProvisionForLoanLeaseAndOtherLosses |
| Other-than-temporary impairment on securities | 48us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet | |
| Straight-lining of rental income | (6,107)nct_StraightliningOfRentalIncome | |
| Equity in earnings from equity method investments, net of distributions | (314)nct_IncomeLossFromEquityMethodInvestments1 | 39nct_IncomeLossFromEquityMethodInvestments1 |
| Gain on settlement of investments (net) | (1,043)us-gaap_GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments | (2,332)us-gaap_GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments |
| Unrealized loss (gain) on non-hedge derivatives and hedge ineffectiveness | 1,029us-gaap_UnrealizedGainLossOnDerivatives | (12,748)us-gaap_UnrealizedGainLossOnDerivatives |
| Change in: | ||
| Restricted cash | (1,570)us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities | 1,690us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities |
| Receivables and other assets | (2,362)us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets | 8,434us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets |
| Accounts payable, accrued expenses and other liabilities | (7,837)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (8,793)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| Net cash (used in) provided by operating activities | (11,284)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 4,637us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| Cash Flows From Investing Activities | ||
| Principal repayments from investments | 37,961nct_PrincipalRepaymentsFromInvestments | 57,143nct_PrincipalRepaymentsFromInvestments |
| Purchase of real estate securities | (407,627)us-gaap_PaymentsToAcquireAvailableForSaleSecurities | |
| Proceeds from sale of investments | 398,395us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities | 532,236us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities |
| Acquisition and additions to investments in real estate | (421)us-gaap_PaymentsToAcquireRealEstate | (26,378)us-gaap_PaymentsToAcquireRealEstate |
| Deposit paid on investments | (2,448)nct_DepositPaidInvestmentExcessMortgageServicingRights | |
| Net cash provided by investing activities | 28,308us-gaap_NetCashProvidedByUsedInInvestingActivities | 560,553us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Cash Flows From Financing Activities | ||
| Borrowings under debt obligations | 391,244us-gaap_ProceedsFromOtherDebt | 52,933us-gaap_ProceedsFromOtherDebt |
| Repayments of debt obligations | (409,350)us-gaap_RepaymentsOfOtherDebt | (538,934)us-gaap_RepaymentsOfOtherDebt |
| Margin deposits under repurchase agreements and derivatives | (29,985)nct_MarginDepositsUnderRepurchaseAgreements | (12,277)nct_MarginDepositsUnderRepurchaseAgreements |
| Return of margin deposits under repurchase agreements and derivatives | 27,650nct_RepaymentsMarginDeposits | 11,867nct_RepaymentsMarginDeposits |
| Contribution of cash to New Media/New Residential upon spin-off | (23,845)nct_ContributionOfCashUponSpinoff | |
| Common stock dividends paid | (7,971)us-gaap_PaymentsOfDividendsCommonStock | (35,145)us-gaap_PaymentsOfDividendsCommonStock |
| Preferred stock dividends paid | (1,395)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock | (1,395)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock |
| Payment of financing costs | (2,285)us-gaap_PaymentsOfFinancingCosts | |
| Proceeds (payments) from settlement of derivative instruments | (4,872)us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities | |
| Net cash used in financing activities | (34,679)us-gaap_NetCashProvidedByUsedInFinancingActivities | (549,081)us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Net (Decrease) Increase in Cash and Cash Equivalents | (17,655)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 16,109us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and Cash Equivalents, Beginning of Period | 73,727us-gaap_CashAndCashEquivalentsAtCarryingValue | 42,721us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and Cash Equivalents of Discontinued Operations, Beginning of Period | 135us-gaap_DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents | 63,223us-gaap_DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents |
| Cash and Cash Equivalents, End of Period | 56,207us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations | 122,053us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations |
| Cash and Cash Equivalents of Continuing Operations, End of Period | 56,002us-gaap_CashAndCashEquivalentsAtCarryingValue | 85,724us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and Cash Equivalents of Discontinued Operations, End of Period | 205us-gaap_DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents | 36,329us-gaap_DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents |
| Supplemental Disclosure of Cash Flow Information | ||
| Cash paid during the period for interest expense | 260us-gaap_InterestPaid | 76us-gaap_InterestPaid |
| Cash paid during the period for income taxes | 5,294us-gaap_IncomeTaxesPaidNet | 20,477us-gaap_IncomeTaxesPaidNet |
| Supplemental Schedule of Non-Cash Investing and Financing Activities | ||
| Preferred stock dividends declared but not paid | 930nct_PreferredStockDividendsPayableAmount | 930nct_PreferredStockDividendsPayableAmount |
| Common stock dividends declared but not paid | 7,971nct_CommonStockDividendsDeclaredButNotPaid | 35,145nct_CommonStockDividendsDeclaredButNotPaid |
| Additions to capital lease assets and liabilities | 243us-gaap_CapitalLeaseObligationsIncurred | |
| Reduction of Assets and Liabilities relating to the spin-off of New Media | ||
| Property, plant and equipment | 266,385nct_SpinOffReductionInPropertyPlantAndEquipment | |
| Goodwill and intangibles, net | 271,350nct_SpinOffReductionInGoodwillAndIntangiblesNet | |
| Restricted cash | 6,477nct_SpinOffReductionRestrictedCash | |
| Receivables and other assets | 101,940nct_SpinOffReductionReceivablesOtherAssets | |
| Credit facilities, media | 177,955nct_SpinOffReductionInCreditFacilities | |
| Accounts payable, accrued expenses and other liabilities | $ 100,695nct_SpinOffReductionAccruedLiabilities | |
| X | ||||||||||
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- Definition
The aggregate amount of common dividends declared, but not paid, as of the financial reporting date. No definition available.
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- Definition
Cash contributions made during the period for spin-offs. No definition available.
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- Definition
Deposit paid during the period towards the purchase of investments in excess mortgage servicing rights, net of repayments. No definition available.
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Including aggregate expense from both continuing and discontinued operations. No definition available.
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. No definition available.
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- Definition
Interest income on investments accrued to principal balance. As a noncash item, it is an adjustment to net income when calculating cash provided by or used in operations using the indirect method. No definition available.
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- Definition
Increase decrease in the period of funds used for margin deposits under repurchase agreements and derivatives. No definition available.
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- Definition
The aggregate amount of preferred dividends declared, but not paid, as of the financial reporting date. No definition available.
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- Definition
The cash inflow associated with maturities (principal being due), repayments and calls (payments before maturities) of securities held for investment purposes. No definition available.
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- Details
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- Definition
The return of margin deposits under repurchase agreements and derivatives in the period. No definition available.
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- Definition
Period change in the balance of accrued expenses and other liabilities due to the spin-off of New Residential. No definition available.
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- Definition
Period change in the balance of credit facilities due to spin-offs. No definition available.
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- Definition
Period change in the balance of goodwill and intangibles, net due to spin-offs. No definition available.
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- Definition
Period change in the balance of property, plant and equipment, net due to spin-offs. No definition available.
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- Definition
Period change in the balance of receivables and other assets due to the spin-off of New Residential. No definition available.
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- Definition
Period change in the balance of restricted cash due to spin-offs. No definition available.
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- Definition
Adjustments to cash flows provided by (used in) operating activities for rental income. No definition available.
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- Definition
The sum of the periodic adjustments of the differences between securities' face values and purchase prices that are charged against earnings. This is called accretion if the security was purchased at a discount and amortization if it was purchased at premium. As a noncash item, this element is an adjustment to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase during the period in capital lease obligations due to entering into new capital leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
For the entity and the disposal group, cash includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. No definition available.
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount classified as cash and cash equivalents attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the total amount of receivables from all parties and other operating assets not separately disclosed in the statement of cash flows. No definition available.
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- Details
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- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as operating activities. This may include cash restricted for regulatory purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of other than temporary impairment (OTTI) losses on equity securities, OTTI related to credit losses on debt securities, and OTTI losses on debt securities when the entity intends to sell the securities or it is more likely than not that the entity will be required to sell the securities before recovery of its amortized cost basis. Additionally, this item includes OTTI losses recognized during the period on investments accounted for under the cost method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash outflow or inflow from derivative instruments during the period, which are classified as financing activities, excluding those designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow in the form of ordinary dividends to preferred shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for loan and debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to acquire debt and equity securities not classified as either held-to-maturity securities or trading securities which would be classified as available-for-sale securities and reported at fair value, with unrealized gains and losses excluded from earnings and reported in a separate component of shareholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow from the acquisition of a piece of land, anything permanently fixed to it, including buildings, structures on it and so forth; includes real estate intended to generate income for the owner; excludes real estate acquired for use by the owner. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from other borrowing not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the sale of debt and equity securities classified as available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of expense related loan transactions, lease transactions, credit loss from transactions other than loan and lease transactions, and other loss based on assessment of uncollectability from the counterparty to reduce the account to their net realizable value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for the payment of other borrowing not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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