Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Income Statement [Abstract]    
Interest income $ 27,078us-gaap_InterestAndDividendIncomeOperating $ 46,452us-gaap_InterestAndDividendIncomeOperating
Interest expense 16,727us-gaap_InterestExpense 22,170us-gaap_InterestExpense
Net interest income 10,351us-gaap_InterestIncomeExpenseNet 24,282us-gaap_InterestIncomeExpenseNet
Impairment/(Reversal)    
Valuation allowance (reversal) on loans 357us-gaap_ProvisionForLoanLeaseAndOtherLosses 1,246us-gaap_ProvisionForLoanLeaseAndOtherLosses
Other-than-temporary impairment on securities 344us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities   
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) (296)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities   
Total impairment (reversal) 405nct_ImpairmentNetOfTheReversalOfPriorValuationAllowancesOnLoans 1,246nct_ImpairmentNetOfTheReversalOfPriorValuationAllowancesOnLoans
Net interest income after impairment/reversal 9,946us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 23,036us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Operating Revenues    
Golf course operations 38,954us-gaap_SalesRevenueNet 39,772us-gaap_SalesRevenueNet
Sales of food and beverages - golf 13,012us-gaap_FoodAndBeverageRevenue 13,539us-gaap_FoodAndBeverageRevenue
Other golf revenue 8,860us-gaap_OtherSalesRevenueNet 9,321us-gaap_OtherSalesRevenueNet
Total operating revenues 60,826us-gaap_OtherOperatingIncome 62,632us-gaap_OtherOperatingIncome
Other Income (Loss)    
Gain on settlement of investments, net 1,015us-gaap_GainLossOnInvestments 2,334us-gaap_GainLossOnInvestments
Other income (loss), net (514)us-gaap_OtherNonoperatingGainsLosses 13,474us-gaap_OtherNonoperatingGainsLosses
Total other income 501us-gaap_NonoperatingGainsLosses 15,808us-gaap_NonoperatingGainsLosses
Expenses    
Loan and security servicing expense 96us-gaap_LoanPortfolioExpense 857us-gaap_LoanPortfolioExpense
Operating expenses - golf 54,937nct_GolfOperatingExpenses 59,647nct_GolfOperatingExpenses
Cost of sales - golf 6,053us-gaap_CostOfGoodsAndServicesSold 5,956us-gaap_CostOfGoodsAndServicesSold
General and administrative expense 1,713us-gaap_GeneralAndAdministrativeExpense 3,564us-gaap_GeneralAndAdministrativeExpense
Management fee to affiliate 2,668nct_ManagementFeeToAffiliate 5,893nct_ManagementFeeToAffiliate
Depreciation and amortization 6,753us-gaap_DepreciationDepletionAndAmortization 5,863us-gaap_DepreciationDepletionAndAmortization
Total expenses 72,220us-gaap_OperatingExpenses 81,780us-gaap_OperatingExpenses
(Loss) income from continuing operations before income tax (947)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 19,696us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense 46us-gaap_IncomeTaxExpenseBenefit 140us-gaap_IncomeTaxExpenseBenefit
(Loss) income from continuing operations (993)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 19,556us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Income (loss) from discontinued operations, net of tax 115us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity (15,299)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net (Loss) Income (878)us-gaap_ProfitLoss 4,257us-gaap_ProfitLoss
Preferred dividends (1,395)us-gaap_PreferredStockDividendsIncomeStatementImpact (1,395)us-gaap_PreferredStockDividendsIncomeStatementImpact
Net loss attributable to noncontrolling interests 181us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 661us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
(Loss) Income Applicable to Common Stockholders $ (2,092)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 3,523us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
(Loss) Income Applicable to Common Stock, per share    
Basic $ (0.03)us-gaap_EarningsPerShareBasic [1] $ 0.06us-gaap_EarningsPerShareBasic [1]
Diluted $ (0.03)us-gaap_EarningsPerShareDiluted $ 0.06us-gaap_EarningsPerShareDiluted [1]
(Loss) Income from Continuing Operations per share of Common Stock, after preferred dividends and noncontrolling interests    
Basic $ (0.03)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [1] $ 0.32us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [1]
Diluted $ (0.03)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.31us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [1]
Income (Loss) from Discontinued Operations per share of Common Stock    
Basic    [1] $ (0.26)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare [1]
Diluted    $ (0.26)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare [1]
Weighted Average Number of Shares of Common Stock Outstanding    
Basic 66,424,508us-gaap_WeightedAverageNumberOfSharesOutstandingBasic [1] 58,575,582us-gaap_WeightedAverageNumberOfSharesOutstandingBasic [1]
Diluted 66,424,508us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 60,511,128us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding [1]
Dividends Declared per Share of Common Stock $ 0.12us-gaap_CommonStockDividendsPerShareDeclared [1] $ 0.60us-gaap_CommonStockDividendsPerShareDeclared [1]
[1] All per share amounts and shares outstanding for all periods reflect the 1-for-3 reverse stock split, which was effective after the close of trading on August 18, 2014 and the 1-for-2 reverse stock split, which was effective after the close of trading on October 22, 2014.