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Note 30 QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Detail) - (Table 1 (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenue $ 845,006 $ 495,930 $ 360,381
Operating expenses 363,925 [1],[2] 239,584 [1],[2] 236,474 [1],[2]
Income from operations 481,081 256,346 123,907
Income tax expense 76,585 44,672 5,545
Net income 180,923 78,331 37,984
Net loss (income) attributable to non-controlling interests   8 (8)
Net income attributable to OCN stockholders 180,778 78,331 37,984
Preferred stock dividends 145    
Basic (in Dollars per share) $ 1.35 $ 0.75 $ 0.38
Diluted (in Dollars per share) $ 1.31 $ 0.71 $ 0.36
Fourth Quarter [Member]
     
Revenue 236,375 156,625  
Operating expenses 99,097 [3] 90,481 [4]  
Income from operations 137,278 66,144  
Other expense (60,799) (47,625)  
Income before income taxes 76,479 18,519  
Income tax expense 11,138 8,864  
Net income 65,341 9,655  
Net loss (income) attributable to non-controlling interests   (4)  
Net income attributable to OCN stockholders 65,341 9,651  
Preferred stock dividends (145)    
Net income attributable to Ocwen common stockholders 65,196    
Basic (in Dollars per share) $ 0.48 $ 0.08  
Diluted (in Dollars per share) $ 0.47 $ 0.08  
Third Quarter [Member]
     
Revenue 232,700 122,462  
Operating expenses 92,793 [3] 65,650 [4]  
Income from operations 139,907 56,812  
Other expense (59,161) (27,861)  
Income before income taxes 80,746 28,951  
Income tax expense 29,346 8,730  
Net income 51,400 20,221  
Net loss (income) attributable to non-controlling interests   7  
Net income attributable to OCN stockholders 51,400 20,228  
Net income attributable to Ocwen common stockholders 51,400    
Basic (in Dollars per share) $ 0.38 $ 0.20  
Diluted (in Dollars per share) $ 0.37 $ 0.19  
Second Quarter [Member]
     
Revenue 211,385 105,837  
Operating expenses 85,908 [3] 42,254 [4]  
Income from operations 125,477 63,583  
Other expense (55,313) (22,547)  
Income before income taxes 70,164 41,036  
Income tax expense 25,331 14,653  
Net income 44,833 26,383  
Net loss (income) attributable to non-controlling interests   (5)  
Net income attributable to OCN stockholders 44,833 26,378  
Net income attributable to Ocwen common stockholders 44,833    
Basic (in Dollars per share) $ 0.33 $ 0.26  
Diluted (in Dollars per share) $ 0.32 $ 0.25  
First Quarter [Member]
     
Revenue 164,546 111,006  
Operating expenses 86,127 [3] 41,199 [4]  
Income from operations 78,419 69,807  
Other expense (48,300) (35,318)  
Income before income taxes 30,119 34,489  
Income tax expense 10,770 12,425  
Net income 19,349 22,064  
Net loss (income) attributable to non-controlling interests   10  
Net income attributable to OCN stockholders 19,349 22,074  
Net income attributable to Ocwen common stockholders $ 19,349    
Basic (in Dollars per share) $ 0.15 $ 0.22  
Diluted (in Dollars per share) $ 0.14 $ 0.21  
[1] Intersegment billings for services rendered to other segments are recorded as revenues, as contra-expense or as other income, depending on the type of service that is rendered.
[2] Depreciation and amortization expense are as follows: Servicing Lending Corporate Items and Other Business Segments Consolidated For the year ended December 31, 2012: Depreciation expense $1,469 $8 $4,243 $5,720 Amortization of MSRs 72,897 - - 72,897 Amortization of debt discount 3,259 - - 3,259 Amortization of debt issuance costs - SSTL 3,718 - - 3,718 For the year ended December 31, 2011: Depreciation expense $2,410 $- $1,750 $4,160 Amortization of MSRs 42,996 - - 42,996 Amortization of debt discount 8,853 - - 8,853 Amortization of debt issuance costs - SSTL 9,764 - - 9,764 For the year ended December 31, 2010: Depreciation expense $5,916 $- $1,596 $7,512 Amortization of MSRs 31,455 - - 31,455 Amortization of debt discount 5,217 - 172 5,389 Amortization of debt issuance costs - SSTL 2,086 - - 2,086
[3] Operating expenses for 2012 include non-recurring costs of 1,270 that we incurred as a result of the Homeward Acquisition.
[4] Operating expenses for 2011 include non-recurring costs of $50,340 that we incurred as a result of the Litton Acquisition, including $472, $18,746 and $31,122 in the second, third and fourth quarters, respectively. See Note 2 for additional information on the Litton Acquisition.