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NOTE 20 BASIC AND DILUTED EARNINGS PER SHARE (EPS) (Tables) | 3 Months Ended
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Mar. 31, 2013
Earnings Per Share, Basic and Diluted [Abstract] |
Schedule of reconciliation of the calculation of basic EPS to diluted EPS |
Three Months Ended March 31 |  | 2013 |  |  | 2012 |
Basic EPS: |  |  |  |  |  |  |  |
Net income attributable to Ocwen common stockholders |  | $ | 42,576 |  |  | $ | 19,349 |
Weighted average shares of common stock |  |  | 135,638,567 |  |  |  | 130,649,595 |
Basic EPS |  | $ | 0.31 |  |  | $ | 0.15 |
Diluted EPS: |  |  |  |  |  |  |  |
Net income attributable to Ocwen common stockholders |  | $ | 42,576 |  |  | $ | 19,349 |
Preferred stock dividends (1) |  |  | — |  |  |  | — |
Interest expense on Convertible Notes, net of income tax (2) |  |  | — |  |  |  | 99 |
Adjusted net income attributable to Ocwen |  | $ | 42,576 |  |  | $ | 19,448 |
Weighted average shares of common stock |  |  | 135,638,567 |  |  |  | 130,649,595 |
Effect of dilutive elements: |  |  |  |  |  |  |  |
Preferred Shares (1) |  |  | — |  |  |  | — |
Convertible Notes (2) |  |  | — |  |  |  | 4,057,736 |
Stock options |  |  | 3,902,390 |  |  |  | 3,337,571 |
Common stock awards |  |  | 18,200 |  |  |  | 1,368 |
Dilutive weighted average shares of common stock |  |  | 139,559,157 |  |  |  | 138,046,270 |
Diluted EPS |  | $ | 0.31 |  |  | $ | 0.14 |
Stock options excluded from the computation of diluted EPS: |  |  |  |  |  |  |  |
Anti-dilutive(3) |  |  | — |  |  |  | 151,250 |
Market-based(4) |  |  | 1,535,000 |  |  |  | 558,750 |
| (1) | The effect of our Preferred Shares on diluted EPS is computed using the if-converted method. We assumed no conversion to common shares for the first quarter of 2013 because the effect was anti-dilutive.
| (2) | Prior to the redemption of the 3.25% Convertible Notes in March 2012, we also computed their effect on diluted EPS using the if-converted method. Interest expense and related amortization costs applicable to the Convertible Notes, net of income tax, were added back to net income. We issued 4,635,159 shares of common stock upon conversion of $56.4 million of the Convertible Notes.
| (3) | These stock options were anti-dilutive because their exercise price was greater than the average market price of our stock.
| (4) | Shares that are issuable upon the achievement of certain performance criteria related to OCN’s stock price and an annualized rate of return to investors.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations. + References No definition available. + Details
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