XML 36 R73.htm IDEA: XBRL DOCUMENT v2.4.0.8
Restatement and Revision of Previously Issued Consolidated Financial Statements Consolidated Statement of Operations Restated (Details) (USD $)
In Thousands, except Per 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
Interest expense                 $ (395,586) $ (223,455) $ (132,770)
Total other expense, net                 (384,500) (223,788) (133,349)
Income before income taxes                 352,479 257,508 122,995
Income tax expense 18,309 [1] 8,873 [1] 8,496 [1] 6,383 [1] 11,138 29,346 25,331 10,770 42,061 76,585 44,672
Net income                 310,418 180,923 78,323
Net income attributable to Ocwen stockholders 135,275 [1] 60,572 [1] 65,662 [1] 48,909 [1] 65,341 51,400 44,833 19,349 310,418 180,923 78,331
Net income attributable to Ocwen common stockholders                 298,398 180,778 78,331
Basic earnings per share [Abstract]                      
Basic (usd per share) $ 0.99 [1] $ 0.40 [1] $ 0.46 [1] $ 0.34 [1] $ 0.48 $ 0.38 $ 0.33 $ 0.15 $ 2.20 $ 1.35 $ 0.75
Diluted (usd per share) $ 0.95 [1] $ 0.39 [1] $ 0.45 [1] $ 0.33 [1] $ 0.47 $ 0.37 $ 0.32 $ 0.14 $ 2.13 $ 1.31 $ 0.71
As Reported [Member]
                     
Interest expense                 (412,842)    
Total other expense, net                 (401,756)    
Income before income taxes                 335,223    
Income tax expense 14,824 9,273 10,789 6,188         41,074    
Net income                 294,149    
Net income attributable to Ocwen stockholders 105,279 67,002 76,721 45,147         294,149    
Net income attributable to Ocwen common stockholders                 282,129    
Basic earnings per share [Abstract]                      
Basic (usd per share) $ 0.77 $ 0.45 $ 0.55 $ 0.31         $ 2.08    
Diluted (usd per share) $ 0.74 $ 0.44 $ 0.53 $ 0.31         $ 2.02    
Restatement Adjustment [Member]
                     
Interest expense                 17,256    
Total other expense, net                 17,256    
Income before income taxes                 17,256    
Income tax expense                 987    
Net income                 16,269    
Net income attributable to Ocwen stockholders                 16,269    
Net income attributable to Ocwen common stockholders                 $ 16,269    
Basic earnings per share [Abstract]                      
Basic (usd per share)                 $ 0.12    
Diluted (usd per share)                 $ 0.11    
[1] As discussed in Note 1A — Restatement and Revision of Previously Issued Consolidated Financial Statements, we are restating our previously issued audited Consolidated Financial Statements as of December 31, 2013 and for the year then ended to correct an error in applying the interest method to financing liabilities. A summary of quarterly financial data for the year ended December 31, 2013 as previously reported is as follows: