Quarterly report pursuant to Section 13 or 15(d)

Schedule of pro forma condensed consolidated statement of operations (Details)

v2.4.0.6
Schedule of pro forma condensed consolidated statement of operations (Details) (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Newcastle Consolidated Historical
Dec. 31, 2012
Newcastle Consolidated Historical
Mar. 31, 2013
Pro Forma Adjustments New Residential
Dec. 31, 2012
Pro Forma Adjustments New Residential
Mar. 31, 2013
Newcastle Consolidated Pro Forma
Dec. 31, 2012
Newcastle Consolidated Pro Forma
Interest income $ 71,367 $ 74,899 $ 71,367 [1] $ 310,459 [1] $ (16,191) [2] $ (33,759) [2] $ 55,176 $ 276,700
Interest expense 22,710 30,165 22,710 [1] 109,924 [1] (899) [2] (704) [2] 21,811 109,220
Net interest income 48,657 44,734 48,657 [1] 200,535 [1] (15,292) [2] (33,055) [2] 33,365 167,480
Impairment (Reversal)                
Valuation allowance (reversal) on loans 2,234 (9,031) 2,234 [1] (24,587) [1]    [2]    [2] 2,234 (24,587)
Other-than-temporary impairment on securities 422 5,883 422 [1] 19,359 [1]    [2]    [2] 422 19,359
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) 117 (3,932) 117 [1] (436) [1]    [2]    [2] 117 (436)
[ImpairmentNetOfTheReversalOfPriorValuationAllowancesOnLoans] 2,773 (7,080) 2,773 [1] (5,664) [1]    [2]    [2] 2,773 (5,664)
Net interest income (loss) after impairment/reversal 45,884 51,814 45,884 [1] 206,199 [1] (15,292) [2] (33,055) [2] 30,592 173,144
Other Revenues                
Rental income 12,887 509 12,887 [1] 17,081 [1]    [2]    [2] 12,887 17,081
Care and ancillary income 613    613 [1] 2,994 [1]    [2]    [2] 613 2,994
Total other revenues 13,500 509 13,500 [1] 20,075 [1]    [2]    [2] 13,500 20,075
Other Income (Loss)                
Gain (loss) on settlement of investments, net (3) 4,823 (3) [1] 232,897 [1]    [2]    [2] (3) 232,897
Gain on extinguishment of debt 1,206 20,743 1,206 [1] 24,085 [1]    [2]    [2] 1,206 24,085
Change in fair value of investments in excess mortgage servicing rights 1,858 1,216 1,858 [1] 9,023 [1] (1,858) [2] (9,023) [2]      
Change in fair value of investments in equity method investees 969    969 [1]   (969) [2]       
Other income (loss), net 4,567 2,970 4,567 [1] 13,712 [1]    [2] (8,400) [2] 4,567 5,312
[NonoperatingGainsLosses] 8,597 29,752 8,597 [1] 279,717 [1] (2,827) [2] (17,423) [2] 5,770 262,294
Expenses                
Loan and security servicing expense 1,034 1,098 1,034 [1] 4,260 [1]    [2]    [2] 1,034 4,260
Property operating expenses 8,363 225 8,363 [1] 12,943 [1]    [2]    [2] 8,363 12,943
General and administrative expense 6,911 2,286 6,911 [1] 22,942 [1] (2,719) [2] (5,878) [2] 4,192 17,064
Management fee to affiliate 9,565 4,976 9,565 [1] 24,693 [1] (2,325) [2] (3,353) [2] 7,240 21,340
Depreciation and amortization 4,079 2 4,079 [1] 6,975 [1]    [2]    [2] 4,079 6,975
Total Expenses 29,952 8,587 29,952 [1] 71,813 [1] (5,044) [2] (9,231) [2] 24,908 62,582
Income (loss) from continuing operations 38,029 73,488 38,029 [1] 434,178 [1] (13,075) [2] (41,247) [2] 24,954 392,931
Preferred dividends (1,395) (1,395) (1,395) [1] (5,580) [1]    [2]    [2] (1,395) (5,580)
Income from continuing operations after preferred dividends     $ 36,634 [1] $ 428,598 [1] $ (13,075) [2] $ (41,247) [2] $ 23,559 $ 387,351
Income (Loss) from continuing operations per share of common stock, after preferred dividends                
Basic $ 0.16 $ 0.68 $ 0.16 [1] $ 2.97 [1]     $ 0.10 $ 2.97
Diluted $ 0.15 $ 0.68 $ 0.15 [1] $ 2.94 [1]     $ 0.10 [3] $ 2.94 [3]
Weighted Average Number of Shares of Common Stock Outstanding                
Basic 235,136,756 105,181,009 235,136,756 [1] 144,146,370 [1]     235,136,756 144,146,370
Diluted 240,079,144 105,670,102 240,079,144 [1] 145,766,413 [1]     240,079,144 [3] 145,766,413 [3]
[1] (A) Represents Newcastle's historical consolidated statement of operations for the three months ended March 31, 2013 and the year ended December 31, 2012.
[2] (B) Represents New Residential's historical consolidated statement of operations for the three months ended March 31, 2013 and the year ended December 31, 2012.
[3] (C) Does not include potential additional diluted shares as a result of changes to outstanding Newcastle options from the spin-off. The number of additional diluted shares will depend on various factors, including the share prices of Newcastle and New Residential subsequent to the spin-off.