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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) [Abstract]        
Net income $ 67,012 $ 65,662 $ 127,498 $ 114,571
Other comprehensive income (loss), net of income taxes:        
Change in deferred loss on cash flow hedges arising during the year 0 [1] (3,351) [1] 0 [1] (7,473) [1]
Reclassification adjustment for losses on cash flow hedges included in net income 370 [2] 1,016 [2] 978 [2] 1,420 [2]
Net change in deferred loss on cash flow hedges 370 (2,335) 978 (6,053)
Other 0 641 2 680
Total other comprehensive income (loss), net of income taxes 370 (1,694) 980 (5,373)
Comprehensive income 67,382 63,968 128,478 109,198
Comprehensive income attributable to non-controlling interests (57) 0 (42) 0
Comprehensive income attributable to Ocwen stockholders $ 67,325 $ 63,968 $ 128,436 $ 109,198
[1] Net of tax benefit of $2.1 million and $4.9 million for the three and six months ended June 30, 2013, respectively.
[2] Net of tax expense of $0.6 million for the three months ended June 30, 2013 and $0.2 million and $0.9 million for the six months ended June 30, 2014 and 2013, respectively. These losses are reclassified to Other, net in the unaudited Consolidated Statements of Operations. See Note 14 – Derivative Financial Instruments and Hedging Activities for additional information.