EQUITY AND EARNINGS PER SHARE (Details Narrative) (USD $)
In Thousands, except Share data, unless otherwise specified
 0 Months Ended 3 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended
Mar. 19, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Dec. 31, 2013
May 15, 2013
May 06, 2013
Apr. 29, 2013
Dec. 31, 2013
Manager
May 15, 2013
Manager
Dec. 31, 2012
Manager
Dec. 31, 2013
Independent Directors
Dec. 31, 2012
Independent Directors
May 15, 2013
Independent Directors
Stock Options
Dec. 31, 2013
Independent Directors
Stock Options
Dec. 31, 2013
Former Employee of Manager
Dec. 31, 2013
Manager
Stock Options
Dec. 31, 2013
Manager
Stock Options
Dec. 31, 2013
Manager
Stock Options
Dec. 31, 2013
Manager
Stock Options
Dec. 31, 2013
Manager
Stock Options
Dec. 31, 2013
Manager
Stock Options
Dec. 31, 2013
Manager
Stock Options
Dec. 31, 2013
Manager
Stock Options
Per share exchange ratio in spin-off             $ 1                                  
Common stock, par value   $ 0.01     $ 0.01     $ 0.01                                
Common stock, shares authorized   2,000,000,000     2,000,000,000     2,000,000,000                                
Preferred stock, par value               $ 0.01                                
Preferred stock, shares authorized               100,000,000                                
Common stock, shares outstanding   253,197,974     253,197,974   253,025,645                                  
Dividend declared per share $ 0.175 $ 0.25 $ 0.175 $ 0.07 $ 0.495 [1]                                      
Dividends   $ 63,300 $ 44,300 $ 17,700 $ 125,317                                      
Quarterly dividend declared, prior to any special dividends   $ 0.175                                            
Special cash dividend   $ 0.075                                            
Shares held by Fortress and affiliates in Newcastle   5,314,416     5,314,416                                      
Shares reserved for options           30,000,000                                    
Stock option plan term           10 years                                    
Yearly increase in number of shares available for options (percentage)           10.00%                                    
Threshold percentage for options that may be issued to the Manager           10.00%                                    
Stock Options outstanding   20,730,458     20,730,458       17,672,888 21,500,000 9,685,338 12,000 4,000   12,000   2,453,109 [2] 1,676,833 [2] 2,539,833 [2] 1,897,500 [2] 2,300,000 [2] 2,530,000 [2] 5,750,000 [2] 2,300,000 [2]
Options granted                           8,000                    
Options exercised         (307,833)                     307,833                
Weighted average exercise price         $ 3.08 [3]                     $ 3.08                
Shares issued in option exercise                               160,634                
Intrinsic value of options exercised                               $ 1,000                
Unvested Options forfeited                               192,167                
Vested Options forfeited                               2,170                
Share price   $ 6.68     $ 6.68                                      
Dilutive Common Stock Equivalents         4,290,207                                      
[1] Represents our historical consolidated statement of income for the year ended December 31, 2013.
[2] The Manager assigned certain of its options to Fortress's employees as follows (See Schedule of Options Assigned).
[3] The strike prices are subject to adjustment in connection with return of capital dividends.