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Quarterly Results of Operations (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Results of Operations (Unaudited) |
| Quarters Ended
| December 31, 2013 |  | September 30, 2013 |  | June 30, 2013 |  | March 31, 2013
Revenue | $ | 555,955 |  |  | $ | 531,240 |  |  | $ | 544,812 |  |  | $ | 406,266 |
Operating expenses (1) | 340,876 |  |  | 346,260 |  |  | 371,508 |  |  | 242,650 |
Income from operations | 215,079 |  |  | 184,980 |  |  | 173,304 |  |  | 163,616 |
Other expense | (94,976 | ) |  | (108,705 | ) |  | (85,794 | ) |  | (112,281 | )
Income before income taxes | 120,103 |  |  | 76,275 |  |  | 87,510 |  |  | 51,335 |
Income tax expense | 14,824 |  |  | 9,273 |  |  | 10,789 |  |  | 6,188 |
Net income | 105,279 |  |  | 67,002 |  |  | 76,721 |  |  | 45,147 |
Preferred stock dividends | (581 | ) |  | (1,446 | ) |  | (1,519 | ) |  | (1,485 | )
Deemed dividend related to beneficial conversion feature of preferred stock | (416 | ) |  | (4,401 | ) |  | (1,086 | ) |  | (1,086 | )
Net income attributable to Ocwen common stockholders | $ | 104,282 |  |  | $ | 61,155 |  |  | $ | 74,116 |  |  | $ | 42,576 |
Earnings per share attributable to Ocwen common stockholders |  |  |  |  |  |  |
Basic | $ | 0.77 |  |  | $ | 0.45 |  |  | $ | 0.55 |  |  | $ | 0.31 |
Diluted | $ | 0.74 |  |  | $ | 0.44 |  |  | $ | 0.53 |  |  | $ | 0.31 |
| Quarters Ended
| December 31, 2012 |  | September 30, 2012 |  | June 30, 2012 |  | March 31, 2012
Revenue | $ | 236,590 |  |  | $ | 232,700 |  |  | $ | 211,381 |  |  | $ | 164,532 |
Operating expenses | 99,097 |  |  | 92,793 |  |  | 85,904 |  |  | 86,113 |
Income from operations | 137,493 |  |  | 139,907 |  |  | 125,477 |  |  | 78,419 |
Other expense | (61,014 | ) |  | (59,161 | ) |  | (55,313 | ) |  | (48,300 | )
Income before income taxes | 76,479 |  |  | 80,746 |  |  | 70,164 |  |  | 30,119 |
Income tax expense | 11,138 |  |  | 29,346 |  |  | 25,331 |  |  | 10,770 |
Net income | 65,341 |  |  | 51,400 |  |  | 44,833 |  |  | 19,349 |
Preferred stock dividends | (85 | ) |  | — |  |  | — |  |  | — |
Deemed dividend related to beneficial conversion feature of preferred stock | (60 | ) |  | — |  |  | — |  |  | — |
Net income attributable to Ocwen common stockholders | $ | 65,196 |  |  | $ | 51,400 |  |  | $ | 44,833 |  |  | $ | 19,349 |
Earnings per share attributable to Ocwen common stockholders |  |  |  |  |  |  |
Basic | $ | 0.48 |  |  | $ | 0.38 |  |  | $ | 0.33 |  |  | $ | 0.15 |
Diluted | $ | 0.47 |  |  | $ | 0.37 |  |  | $ | 0.32 |  |  | $ | 0.14 |
(1) | Operating expenses for the second quarter of 2013 include a $52.8 million charge recorded in connection with an agreement with the CFPB, various state attorneys general and other agencies regarding certain foreclosure-related matters. See Note 28 — Commitments and Contingencies for additional information regarding this agreement.

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 + Details
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