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Note 2 BUSINESS ACQUISITIONS (Detail) - (Table 6) (Litton Acquisition [Member], USD $) In Thousands, unless otherwise specified | 12 Months Ended | 4 Months Ended
--- | --- | ---
Dec. 31, 2012 Fiscal Year 2011 [Member] | Dec. 31, 2012 Fiscal Year 2010 [Member] | Dec. 31, 2011
Revenues | $ 642,033 | $ 632,721 | [1] | $ 62,750 |
Net income (loss) | $ 52,407 | $ (169,886) | [1] | $ (20,910) | [2]
[1] | In December 2010, Litton deemed goodwill to be wholly impaired and wrote off the balance of $154,065. Litton also recorded a provision for losses on servicing advances of $33,734 in 2010.
[2] | Net loss includes non-recurring transaction related expenses of $49,552, including (i) $33,127 of severance and other compensation related to Litton employees, (ii) $6,778 of amortization of the acquired MSRs, (iii) $1,967 of depreciation resulting from the write-down of certain of the acquired furniture and fixtures that are no longer in use and (iv) $384 of fees for professional services related to the acquisition. Net loss does not include an allocation of costs related to the servicing of the Litton loans on Ocwen's platform. We computed income taxes using a combined statutory rate of 36.12% for federal and state income taxes.

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