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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2015
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Dec. 31, 2014
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|---|---|---|
| Assets | ||
| Real estate securities, available-for-sale | $ 231,727us-gaap_AvailableForSaleSecuritiesDebtSecurities | $ 231,754us-gaap_AvailableForSaleSecuritiesDebtSecurities |
| Real estate securities, pledged as collateral | 409,037us-gaap_PledgedAssetsSeparatelyReportedMortgageRelatedSecuritiesAvailableForSaleOrHeldForInvestment | 407,689us-gaap_PledgedAssetsSeparatelyReportedMortgageRelatedSecuritiesAvailableForSaleOrHeldForInvestment |
| Real estate related and other loans, held-for-sale, net | 197,251us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupCommercialRealEstate | 230,200us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupCommercialRealEstate |
| Residential mortgage loans, held-for-sale, net | 3,735us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage | 3,854us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage |
| Subprime mortgage loans subject to call option | 406,217nct_SubprimeMortgageLoansSubjectToCallOption | 406,217nct_SubprimeMortgageLoansSubjectToCallOption |
| Investments in other real estate, net of accumulated depreciation | 234,049nct_RealEstateInvestmentPropertyNet2 | 239,283nct_RealEstateInvestmentPropertyNet2 |
| Intangibles, net of accumulated amortization | 82,000us-gaap_IntangibleAssetsNetExcludingGoodwill | 84,686us-gaap_IntangibleAssetsNetExcludingGoodwill |
| Other investments | 27,102us-gaap_OtherInvestments | 26,788us-gaap_OtherInvestments |
| Cash and cash equivalents | 56,002us-gaap_CashAndCashEquivalentsAtCarryingValue | 73,727us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Restricted cash | 21,874us-gaap_RestrictedCashAndCashEquivalents | 15,714us-gaap_RestrictedCashAndCashEquivalents |
| Receivables and other assets | 37,448us-gaap_OtherAssets | 35,191us-gaap_OtherAssets |
| Assets of discontinued operations | 6,883us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation | 6,803us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation |
| Total Assets | 1,713,325us-gaap_Assets | 1,761,906us-gaap_Assets |
| Liabilities | ||
| CDO bonds payable | 216,464us-gaap_SecuredDebt | 227,673us-gaap_SecuredDebt |
| Other bonds and notes payable | 25,317us-gaap_OtherLongTermDebt | 27,069us-gaap_OtherLongTermDebt |
| Repurchase agreements | 421,803us-gaap_SecuritiesSoldUnderAgreementsToRepurchase | 441,176us-gaap_SecuritiesSoldUnderAgreementsToRepurchase |
| Credit facilities and obligations under capital leases, golf | 162,806us-gaap_DebtAndCapitalLeaseObligations | 161,474us-gaap_DebtAndCapitalLeaseObligations |
| Financing of subprime mortgage loans subject to call option | 406,217nct_FinancingOfSubprimeMortgageLoansSubjectToCallOption | 406,217nct_FinancingOfSubprimeMortgageLoansSubjectToCallOption |
| Junior subordinated notes payable | 51,230us-gaap_JuniorSubordinatedNotes | 51,231us-gaap_JuniorSubordinatedNotes |
| Dividends Payable | 8,901us-gaap_DividendsPayableCurrentAndNoncurrent | 8,901us-gaap_DividendsPayableCurrentAndNoncurrent |
| Accounts payable, accrued expenses and other liabilities | 173,489us-gaap_AccountsPayableAndOtherAccruedLiabilities | 179,390us-gaap_AccountsPayableAndOtherAccruedLiabilities |
| Liabilities of discontinued operations | 502us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation | 447us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation |
| Total Liabilities | 1,466,729us-gaap_Liabilities | 1,503,578us-gaap_Liabilities |
| Commitments and contingencies | ||
| Equity | ||
| Preferred stock, $0.01 par value, 100,000,000 shares authorized, 1,347,321 shares of 9.75% Series B Cumulative Redeemable Preferred Stock, 496,000 | 61,583us-gaap_PreferredStockValue | 61,583us-gaap_PreferredStockValue |
| Common stock, $0.01 par value, 1,000,000,000 shares authorized, 66,424,508 and 66,424,508 shares issued and outstanding, at March 31, 2015 and December 31, 2014, respectively | 664us-gaap_CommonStockValue | 664us-gaap_CommonStockValue |
| Additional paid-in capital | 3,172,060us-gaap_AdditionalPaidInCapital | 3,172,060us-gaap_AdditionalPaidInCapital |
| Accumulated deficit | (3,051,943)us-gaap_RetainedEarningsAccumulatedDeficit | (3,041,880)us-gaap_RetainedEarningsAccumulatedDeficit |
| Accumulated other comprehensive income | 64,377us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax | 65,865us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax |
| Total Newcastle Stockholders' Equity | 246,741us-gaap_StockholdersEquity | 258,292us-gaap_StockholdersEquity |
| Noncontrolling interests | (145)us-gaap_MinorityInterest | 36us-gaap_MinorityInterest |
| Total Equity | 246,596us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest | 258,328us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest |
| Total Liabilities and Equity | $ 1,713,325us-gaap_LiabilitiesAndStockholdersEquity | $ 1,761,906us-gaap_LiabilitiesAndStockholdersEquity |
| X | ||||||||||
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- Definition
Reflects the aggregate carrying amount of financing of subprime mortgage loans subject to call option. No definition available.
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- Definition
Amount of real estate investment property, net of accumulated depreciation related to investments in other real estate. No definition available.
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- Definition
Reflects the aggregate carrying amount of subprime mortgage loans subject to call option. No definition available.
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- Definition
Sum of the carrying values as of the balance sheet date of liabilities incurred and payable to vendors for goods and services received, and other costs not separately disclosed in the balance sheet that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. No definition available.
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount classified as assets attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of debt securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying values as of the balance sheet date of all debt, including all short-term borrowings, long-term debt, and capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Including the current and noncurrent portions, carrying value as of the balance sheet date of long-term debt (with maturities initially due after one year or beyond the operating cycle if longer) identified as Junior Subordinated Notes, which have a lower priority than senior instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount classified as liabilities attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount, after allowance for bad debt, of commercial mortgage loan receivables held-for-sale that are not part of a disposal group. Excludes loans and leases covered under loss sharing agreements and loans classified as debt securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount, after allowance for bad debt, of mortgage loan receivables held-for-sale that are not part of a disposal group. Excludes loans and leases covered under loss sharing agreements and loans classified as debt securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Other investments not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Including both current and noncurrent portions, carrying amount as of the balance sheet date of other forms of debt not elsewhere specified in the taxonomy with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The fair value, as of the date of each statement of financial position presented, of mortgage-related securities, classified as available for sale or held for investment, which are owned but transferred to serve as collateral for the payment of the related debt obligation, primarily a secured borrowing or repurchase agreement, and that are reclassified and separately reported in the statement of financial position because the transferee has the right by contract or custom to sell or re-pledge them. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. This element is for unclassified presentations; for classified presentations there is a separate and distinct element. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount, after the effects of master netting arrangements, of funds outstanding borrowed in the form of a security repurchase agreement between the entity and another party for the sale and repurchase of identical or substantially the same securities at a date certain for a specified price. Includes liabilities not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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