|3 Months Ended|
Mar. 31, 2016
|Derivative Instruments and Hedging Activities Disclosure [Abstract]|
Newcastle’s derivative instruments are comprised of interest rate swaps and TBAs. Derivative assets with a fair value of $0.2 million and $0.1 million as of March 31, 2016 and December 31, 2015, respectively, were recorded within receivables and other assets on the Consolidated Balance Sheets. Derivative liabilities with a fair value of $1.1 million and $0.7 million as of March 31, 2016 and December 31, 2015, respectively, were recorded within accounts payable, accrued expenses and other liabilities on the Consolidated Balance Sheets.
The following table summarizes gains (losses) recorded in relation to derivatives:
As of March 31, 2016 and December 31, 2015, Newcastle had zero and less than $0.1 million, respectively, of expected reclassification of deferred hedges from AOCI into earnings over the next 12 months.
The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.
Reference 1: http://www.xbrl.org/2003/role/presentationRef