Quarterly report pursuant to Section 13 or 15(d)

EQUITY AND EARNINGS PER SHARE - Summary of Outstanding Options - Period End (Details)

v3.2.0.727
EQUITY AND EARNINGS PER SHARE - Summary of Outstanding Options - Period End (Details) - Jun. 30, 2015 - USD ($)
$ / shares in Units, $ in Millions
Total
Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Date of grant of exercised options [1],[2]    
Date of grant of expired options [2]    
Number of options (in shares) 12,418,607.000 12,418,607.000
Exercised (in shares) [1]   (7,499,518)
Expired unexercised (in shares)   (792,553)
Options Exercisable (in shares) 3,388,863 3,388,863
Weighted Average Exercise Price, Exercised (in dollars per share) [1],[3] $ 7.60  
Independent Directors [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Number of options (in shares) 5,000 5,000
Independent Directors [Member] | Stock Options [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Recipient Directors  
Date of Grant [2] Various  
Number of options (in shares) 6,000 6,000
Options Exercisable (in shares) 5,000 5,000
Weighted Average Exercise Price (in dollars per share) [3] $ 17.54 $ 17.54
Intrinsic Value $ 0.0 $ 0.0
2003 - 2007 [Member] | Manager [Member] | Stock Options [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Recipient [4] Manager  
Date of Grant [2],[4] 2003 - 2007  
Number of options (in shares) [4] 1,226,555 1,226,555
Options Exercisable (in shares) [4] 434,000 434,000
Weighted Average Exercise Price (in dollars per share) [3],[4] $ 31.36 $ 31.36
Intrinsic Value [4] $ 0.0 $ 0.0
March 2011 [Member] | Manager [Member] | Stock Options [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Recipient [4] Manager  
Date of Grant [2],[4] Mar-11  
Number of options (in shares) [4] 838,417 838,417
Options Exercisable (in shares) [4] 0 0
Weighted Average Exercise Price (in dollars per share) [3],[4] $ 6.58 $ 6.58
Intrinsic Value [4] $ 0.0 $ 0.0
September 2011 [Member] | Manager [Member] | Stock Options [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Recipient [4] Manager  
Date of Grant [2],[4] Sep-11  
Number of options (in shares) [4] 1,269,917 1,269,917
Options Exercisable (in shares) [4] 0 0
Weighted Average Exercise Price (in dollars per share) [3],[4] $ 4.98 $ 4.98
Intrinsic Value [4] $ 0.0 $ 0.0
April 2012 [Member] | Manager [Member] | Stock Options [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Recipient [4] Manager  
Date of Grant [2],[4] Apr-12  
Number of options (in shares) [4] 948,750 948,750
Options Exercisable (in shares) [4] 17,500 17,500
Weighted Average Exercise Price (in dollars per share) [3],[4] $ 6.82 $ 6.82
Intrinsic Value [4] $ 0.1 $ 0.1
May 2012 [Member] | Manager [Member] | Stock Options [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Recipient [4] Manager  
Date of Grant [2],[4] May-12  
Number of options (in shares) [4] 1,150,000 1,150,000
Options Exercisable (in shares) [4] 21,750 21,750
Weighted Average Exercise Price (in dollars per share) [3],[4] $ 7.34 $ 7.34
Intrinsic Value [4] $ 0.2 $ 0.2
July 2012 [Member] | Manager [Member] | Stock Options [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Recipient [4] Manager  
Date of Grant [2],[4] Jul-12  
Number of options (in shares) [4] 1,265,000 1,265,000
Options Exercisable (in shares) [4] 23,250 23,250
Weighted Average Exercise Price (in dollars per share) [3],[4] $ 7.34 $ 7.34
Intrinsic Value [4] $ 0.2 $ 0.2
January 2013 [Member] | Manager [Member] | Stock Options [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Recipient [4] Manager  
Date of Grant [2],[4] Jan-13  
Number of options (in shares) [4] 2,875,000 2,875,000
Options Exercisable (in shares) [4] 759,866 759,866
Weighted Average Exercise Price (in dollars per share) [3],[4] $ 10.24 $ 10.24
Intrinsic Value [4] $ 3.8 $ 3.8
February 2013 [Member] | Manager [Member] | Stock Options [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Recipient [4] Manager  
Date of Grant [2],[4] Feb-13  
Number of options (in shares) [4] 1,150,000 1,150,000
Options Exercisable (in shares) [4] 1,073,331 1,073,331
Weighted Average Exercise Price (in dollars per share) [3],[4] $ 11.48 $ 11.48
Intrinsic Value [4] $ 4.0 $ 4.0
April 2014 [Member] | Manager [Member] | Stock Options [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Recipient [4] Manager  
Date of Grant [2],[4] Apr-14  
Number of options (in shares) [4] 1,437,500 1,437,500
Options Exercisable (in shares) [4] 670,833 670,833
Weighted Average Exercise Price (in dollars per share) [3],[4] $ 12.20 $ 12.20
Intrinsic Value [4] $ 2.0 $ 2.0
April 2015 [Member] | Manager [Member] | Stock Options [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Recipient [4] Manager  
Date of Grant [2],[4] Apr-15  
Number of options (in shares) [4] 2,828,698 2,828,698
Options Exercisable (in shares) [4] 188,580 188,580
Weighted Average Exercise Price (in dollars per share) [3],[4] $ 15.25 $ 15.25
Intrinsic Value [4] $ 0.0 $ 0.0
April 2015 [Member] | Manager [Member] | Stock Options [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Recipient [4] Manager  
Date of Grant [2],[4] Apr-15  
Number of options (in shares) [4] 2,921,302 2,921,302
Options Exercisable (in shares) [4] 194,753 194,753
Weighted Average Exercise Price (in dollars per share) [3],[4] $ 15.25 $ 15.25
Intrinsic Value [4] $ 0.0 $ 0.0
June 2015 [Member] | Manager [Member] | Stock Options [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Recipient [4] Manager  
Date of Grant [2],[4] Jun-15  
Number of options (in shares) [4] 2,793,539 2,793,539
Options Exercisable (in shares) [4] 0 0
Weighted Average Exercise Price (in dollars per share) [3],[4] $ 15.88 $ 15.88
Intrinsic Value [4] $ 0.0 $ 0.0
[1] Exercised by employees of Fortress, subsequent to their assignment, or by directors. The options exercised had an intrinsic value of $60.0 million.
[2] Options expire on the tenth anniversary from date of grant.
[3] The strike prices are subject to adjustment in connection with return of capital dividends.
[4] The Manager assigned certain of its options to Fortress’s employees as follows: Date of Grant Range of StrikePrices Total UnexercisedInception to Date2005-2007 $29.92 to $33.80 90,5602012 $6.82 to $7.34 62,5012013 $10.24 to $11.48 1,100,4962014 $12.20 258,750Total 1,512,307