MANAGEMENT AGREEMENT AND RELATED PARTY TRANSACTIONS (Details 2) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Management Agreement and Related Party Transactions
Total CLO management fees	$ 8,706,000	$ 6,767,000	$ 16,264,000	$ 14,043,000
Manager | Base Management Fees
Management Agreement and Related Party Transactions
Total CLO management fees	5,200,000	559,000	9,644,000	1,588,000
Manager | Incentive Fees
Management Agreement and Related Party Transactions
Total CLO management fees	0	0	0	0	$ 0
Collateral manager | CLO Management Fees
Management Agreement and Related Party Transactions
Total CLO management fees	$ 3,506,000	$ 6,208,000	$ 6,620,000	$ 12,455,000