Quarterly report pursuant to Section 13 or 15(d)

EQUITY AND EARNINGS PER SHARE (Details Narrative)

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EQUITY AND EARNINGS PER SHARE (Details Narrative) (USD $)
In Thousands, except Share data, unless otherwise specified
 1 Months Ended 3 Months Ended 9 Months Ended 9 Months Ended 0 Months Ended 1 Months Ended 9 Months Ended
Jun. 30, 2013
Feb. 28, 2013
Jan. 31, 2013
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Jun. 05, 2013
Dec. 31, 2012
Sep. 30, 2013
Stock Options
May 15, 2013
Manager
Jun. 30, 2013
Manager
Feb. 28, 2013
Manager
Jan. 31, 2013
Manager
Sep. 30, 2013
Former Newcastle CEO
Common stock, par value       $ 0.01   $ 0.01   $ 0.01 $ 0.01            
Common stock, shares authorized       1,000,000,000   1,000,000,000   500,000,000 500,000,000            
Preferred stock, par value       $ 0.01   $ 0.01   $ 0.01 $ 0.01            
Preferred stock, shares authorized       100,000,000   100,000,000   100,000,000 100,000,000            
Issuance of Common Stock $ 197,600 $ 237,400 $ 526,200     $ 961,569                  
Issuance of Common Stock, shares 40,250,000 23,000,000 57,500,000     120,963,336           750,000 191,000 213,900  
Share price $ 4.92 $ 10.34 $ 9.35                 $ 4.97 $ 10.48 $ 9.35  
Options to purchase shares of common stock granted during the period                       4,025,000 2,300,000 5,750,000  
Fair value of options granted                       $ 3,800 $ 8,400 $ 18,000  
Exercise price of options granted                       $ 4.97 $ 10.48 $ 9.35  
Risk free rate in valuing options granted to manager                       2.50% 2.10% 2.00%  
Dividend yield in valuing options granted to manager                       8.80% 7.80% 8.80%  
Volatility in valuing options granted to manager                       36.90% 55.50% 56.20%  
Expected term in valuing options granted to manager                       10 years 10 years 10 years  
Stock options converted in spin-off                     21,500,000        
Annual director awards granted, per director           $ 50,000                  
Annual director awards granted, per director, shares           9,025                  
Options exercised                             307,833
Weighted average exercise price                             $ 2.56
Shares issued in option exercise                             162,896
Aggregate intrinsic value of options net exercise price                             $ 900
Unvested Options forfeited                             192,167
Vested Options forfeited                             2,170
Dilutive Common Stock Equivalents       7,654,026 2,191,363 6,264,696 1,249,474     2,388,729