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Basic and Diluted Earnings per Share (Tables) | 3 Months Ended
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Mar. 31, 2014
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 three months ended March 31:
| 2014 |  | 2013
Basic EPS: |  |  |
Net income attributable to Ocwen common stockholders | $ | 74,849 |  |  | $ | 42,576 |
Weighted average shares of common stock | 135,227,067 |  |  | 135,638,567 |
Basic EPS | $ | 0.55 |  |  | $ | 0.31 |
Diluted EPS: |  |  |
Net income attributable to Ocwen common stockholders | $ | 74,849 |  |  | $ | 42,576 |
Preferred stock dividends (1) | 997 |  |  | — |
Adjusted net income attributable to Ocwen | $ | 75,846 |  |  | $ | 42,576 |
Weighted average shares of common stock | 135,227,067 |  |  | 135,638,567 |
Effect of dilutive elements: |  |  |
Preferred Shares (1) | 1,950,298 |  |  | — |
Stock options | 3,908,333 |  |  | 3,902,390 |
Common stock awards | 3,757 |  |  | 18,200 |
Dilutive weighted average shares of common stock | 141,089,455 |  |  | 139,559,157 |
Diluted EPS | $ | 0.54 |  |  | $ | 0.31 |
Stock options excluded from the computation of diluted EPS: |  |  |
Market-based (2) | 547,500 |  |  | 1,535,000 |
(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 the three months ended March 31, 2013 because the effect would have been antidilutive.
(2) | 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.

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- 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
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