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Quarterly Results of Operations (Unaudited) | 12 Months Ended
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Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Results of Operations (Unaudited) | Note 29 — 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 The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: 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 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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