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MANAGEMENT AGREEMENT AND RELATED PARTY TRANSACTIONS (Details)
3 Months Ended 12 Months Ended
Mar. 31, 2016
USD ($)
issuer
period
Mar. 31, 2015
USD ($)
Dec. 31, 2015
USD ($)
issuer
Management Agreement and Related Party Transactions      
Related party transaction expense $ 7,276,000 $ 10,220,000  
Distribution to parent $ 38,314,000 55,163,000  
CLO Management Fees | Maximum      
Management Agreement and Related Party Transactions      
Entity's percentage in subordinated notes 100.00%    
CLO Management Fees | CLO 2013-1, CLO 2013-2, and CLO 10      
Management Agreement and Related Party Transactions      
Entity's percentage in subordinated notes 100.00%    
Manager      
Management Agreement and Related Party Transactions      
Renewal period (in years) 1 year    
Votes for termination, minimum (as a percent) 66.70%    
Notice period for termination (in days) 180 days    
Multiplier used to determine termination fee 4    
Number of 12 month periods considered for calculation of termination fee (in periods) | period 2    
Specified period for which average annual incentive fee to be considered (in months) 12 months    
Manager | Base Management Fees      
Management Agreement and Related Party Transactions      
Related party transaction expense $ 1,029,000 4,053,000  
Manager | Incentive Fees      
Management Agreement and Related Party Transactions      
Related party transaction expense 0 0  
Manager | Reimbursable General And Administrative Expenses      
Management Agreement and Related Party Transactions      
Related party transaction expense 1,000,000 2,300,000  
Collateral manager | CLO Management Fees      
Management Agreement and Related Party Transactions      
Fees, waived   500,000  
Related party transaction expense $ 6,247,000 $ 6,167,000  
Affiliated Entity      
Management Agreement and Related Party Transactions      
Investment in affiliates, number of issuers | issuer 6   8
Estimated fair value $ 655,400,000   $ 734,300,000
Percent to total investment in corporate loans, debt securities and other investments | Affiliated Investments | Affiliated Entity      
Management Agreement and Related Party Transactions      
Concentration risk (as a percent) 11.00%   11.00%
Corporate loans, at estimated fair value | Affiliated Entity      
Management Agreement and Related Party Transactions      
Estimated fair value $ 644,400,000    
Equity Investments, at Estimated Fair Value | Affiliated Entity      
Management Agreement and Related Party Transactions      
Estimated fair value 11,000,000   $ 11,000,000
Corporate loans | Affiliated Entity      
Management Agreement and Related Party Transactions      
Estimated fair value     723,300,000
Joint Ventures And Partnerships | Affiliated Entity      
Management Agreement and Related Party Transactions      
Estimated fair value $ 685,300,000   $ 805,500,000