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Basic and Diluted Earnings per Share - Schedule of Basic EPS to Diluted EPS (Details) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Basic EPS:                      
Net income attributable to Ocwen common stockholders                 $ 282,129 $ 180,778 $ 78,331
Weighted average shares of common stock (in Shares)                 135,678,088 133,912,643 104,507,055
Basic (in Dollars per share) $ 0.77 $ 0.45 $ 0.55 $ 0.31 $ 0.48 $ 0.38 $ 0.33 $ 0.15 $ 2.08 $ 1.35 $ 0.75
Diluted EPS:                      
Net income attributable to Ocwen common stockholders                 282,129 180,778 78,331
Preferred stock dividends                 0 [1] 0 [1] 0 [1]
Interest expense on Convertible Notes, net of income tax                 0 [2] 107 [2] 1,187 [2]
Adjusted net income attributable to Ocwen                 282,129 180,885 79,518
Effect of dilutive elements:                      
Dilutive weighted average shares of common stock (in Shares)                 139,800,506 138,521,279 111,855,961
Diluted (usd per share) $ 0.74 $ 0.44 $ 0.53 $ 0.31 $ 0.47 $ 0.37 $ 0.32 $ 0.14 $ 2.02 $ 1.31 $ 0.71
Stock options excluded from the computation of diluted EPS:                      
Anti-dilutive Securities (in Shares)                 0 [3] 143,125 [3] 27,031 [3]
Market Based [Member]
                     
Stock options excluded from the computation of diluted EPS:                      
Anti-dilutive Securities (in Shares)                 547,500 [4] 1,535,000 [4] 468,750 [4]
Preferred Stock [Member]
                     
Effect of dilutive elements:                      
Dilutive Securities                 0 [1] 0 [1] 0 [1]
Debt Securities Convertible Notes [Member]
                     
Effect of dilutive elements:                      
Dilutive Securities                 0 [2] 1,009 [2] 4,637 [2]
Employee Stock Option [Member]
                     
Effect of dilutive elements:                      
Dilutive Securities                 4,110 3,593 2,712
Common Stock Awards [Member]
                     
Effect of dilutive elements:                      
Dilutive Securities                 $ 12 $ 6 $ 0
[1] 2013 2012 2011Basic EPS: Net income attributable to Ocwen common stockholders$282,129 $180,778 $78,331 Weighted average shares of common stock135,678,088 133,912,643 104,507,055 Basic EPS$2.08 $1.35 $0.75 Diluted EPS: Net income attributable to Ocwen common stockholders$282,129 $180,778 $78,331Preferred stock dividends (1)— — —Interest expense on 3.25% Convertible Notes, net of income tax (2)— 107 1,187Adjusted net income attributable to Ocwen$282,129 $180,885 $79,518 Weighted average shares of common stock135,678,088 133,912,643 104,507,055Effect of dilutive elements: Preferred Shares (1)— — —3.25% Convertible Notes (2)— 1,008,891 4,637,224Stock options4,110,355 3,593,419 2,711,682Common stock awards12,063 6,326 —Dilutive weighted average shares of common stock139,800,506 138,521,279 111,855,961 Diluted EPS$2.02 $1.31 $0.71 Stock options excluded from the computation of diluted EPS: Anti-dilutive(3)— 143,125 27,031Market-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.