XML 76 R62.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Basic and Diluted Earnings per Share (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Earnings Per Share [Abstract] |
Schedule of Basic EPS to Diluted EPS | The following is a reconciliation of the calculation of basic EPS to diluted EPS for the years ended December 31:
| 2013 |  | 2012 |  | 2011
Basic EPS: |  |  |  |  |
Net income attributable to Ocwen common stockholders | $ | 282,129 |  |  | $ | 180,778 |  |  | $ | 78,331 |
Weighted average shares of common stock | 135,678,088 |  |  | 133,912,643 |  |  | 104,507,055 |
Basic EPS | $ | 2.08 |  |  | $ | 1.35 |  |  | $ | 0.75 |
Diluted EPS: |  |  |  |  |
Net income attributable to Ocwen common stockholders | $ | 282,129 |  |  | $ | 180,778 |  |  | $ | 78,331 |
Preferred stock dividends (1) | — |  |  | — |  |  | — |
Interest expense on 3.25% Convertible Notes, net of income tax (2) | — |  |  | 107 |  |  | 1,187 |
Adjusted net income attributable to Ocwen | $ | 282,129 |  |  | $ | 180,885 |  |  | $ | 79,518 |
Weighted average shares of common stock | 135,678,088 |  |  | 133,912,643 |  |  | 104,507,055 |
Effect of dilutive elements: |  |  |  |  |
Preferred Shares (1) | — |  |  | — |  |  | — |
3.25% Convertible Notes (2) | — |  |  | 1,008,891 |  |  | 4,637,224 |
Stock options | 4,110,355 |  |  | 3,593,419 |  |  | 2,711,682 |
Common stock awards | 12,063 |  |  | 6,326 |  |  | — |
Dilutive weighted average shares of common stock | 139,800,506 |  |  | 138,521,279 |  |  | 111,855,961 |
Diluted EPS | $ | 2.02 |  |  | $ | 1.31 |  |  | $ | 0.71 |
Stock options excluded from the computation of diluted EPS: |  |  |  |  |
Anti-dilutive(3) | — |  |  | 143,125 |  |  | 27,031 |
Market-based(4) | 547,500 |  |  | 1,535,000 |  |  | 468,750 |
(1) | The effect of our Preferred Shares on diluted EPS is computed using the if-converted method. For purposes of computing diluted EPS, we assume the conversion of the Preferred Shares into shares of common stock unless the effect is anti-dilutive. Conversion of the Preferred Shares has not been assumed for 2013 and 2012 because the effect would have been antidilutive. There were no Preferred Shares outstanding during 2011.
(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 3.25% Convertible Notes, net of income tax, were added back to net income. We assumed the conversion of the 3.25% Convertible Notes into shares of common stock unless the effect was anti-dilutive. On March 28, 2012, we issued 4,635,159 shares of common stock upon conversion of $56.4 million of the 3.25% 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 Ocwen’s stock price and an annualized rate of return to investors. See Note 24 — Employee Compensation and Benefit Plans for additional information regarding these market-condition options.

X
- Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration