Quarterly report pursuant to Section 13 or 15(d)

EQUITY AND EARNINGS PER SHARE - Outstanding Options Summary (Details 1)

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EQUITY AND EARNINGS PER SHARE - Outstanding Options Summary (Details 1) (USD $)
Jun. 30, 2014
Stock Options outstanding 29,655,928
Weighted average strike price $ 3.25 [1]
Issued Prior to 2011 [Member]
 
Stock Options outstanding 1,362,500
Weighted average strike price $ 11.97
Issued in 2011 and Thereafter [Member]
 
Stock Options outstanding 28,293,428
Weighted average strike price $ 2.83
Manager [Member]
 
Stock Options outstanding 25,471,558
Manager [Member] | Issued Prior to 2011 [Member]
 
Stock Options outstanding 1,075,130
Manager [Member] | Issued in 2011 and Thereafter [Member]
 
Stock Options outstanding 24,396,428
Manager's Employees [Member]
 
Stock Options outstanding 4,180,370
Manager's Employees [Member] | Issued Prior to 2011 [Member]
 
Stock Options outstanding 285,370
Manager's Employees [Member] | Issued in 2011 and Thereafter [Member]
 
Stock Options outstanding 3,895,000
Directors [Member]
 
Stock Options outstanding 4,000
Directors [Member] | Issued Prior to 2011 [Member]
 
Stock Options outstanding 2,000
Directors [Member] | Issued in 2011 and Thereafter [Member]
 
Stock Options outstanding 2,000
[1] The strike prices are subject to adjustment in connection with return of capital dividends. In the first quarter of 2014 strike prices were adjusted by $0.32 reflecting the portion of Newcastle's 2013 dividends which was deemed return of capital.