Quarterly report pursuant to Section 13 or 15(d)

EQUITY AND EARNINGS PER SHARE - Shares Issued in Public Offering (Details)

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EQUITY AND EARNINGS PER SHARE - Shares Issued in Public Offering (Details) (USD $)
In Thousands, except Share data, unless otherwise specified
 9 Months Ended 1 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Aug. 31, 2014
Principals of Fortress [Member]
Aug. 31, 2014
Manager [Member]
Aug. 31, 2014
Underwriter [Member]
Date of issuance         2014-08
Number of shares issued     83,333   7,654,166
Share price     $ 26.34   $ 25.92
Issuance of common stock $ 198,346        
Proceeds from issuance of common stock 198,671 962,827     197,900
Options granted       765,416 [1]  
Strike Price $ 20.83 [2]     $ 26.34 [1]  
Grant date value       $ 1,700 [1],[3]  
[1] In connection with these offerings, Newcastle granted options to the Manager for the purpose of compensating the Manager for its successful efforts in raising capital for Newcastle.
[2] 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 $1.92 (adjusted to reflect the reverse stock splits) reflecting the portion of Newcastle's 2013 dividends which was deemed return of capital.
[3] The assumptions used in valuing the options were: a 2.7% risk-free rate, 8.6% dividend yield, 23.4% volatility and a 10 year term.