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Restatement of Previously Issued Consolidated Financial Statements (Tables) | 9 Months Ended
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Sep. 30, 2014
Accounting Changes and Error Corrections [Abstract] |
Schedule of Effects of Restatement | The following tables summarize the effect of these restatements on our previously reported amounts.
| Consolidated Statement of Operations for the Three Months Ended September 30, 2013
| As Reported |  | Restatement |  | As Restated
Interest expense | $ | (110,055 | ) |  | $ | (6,830 | ) |  | $ | (116,885 | )
Total other expense, net | (108,705 | ) |  | (6,830 | ) |  | (115,535 | )
Income before income taxes | 76,275 |  |  | (6,830 | ) |  | 69,445 |
Income tax expense | 9,273 |  |  | (400 | ) |  | 8,873 |
Net income | 67,002 |  |  | (6,430 | ) |  | 60,572 |
Net income attributable to Ocwen common stockholders | 61,155 |  |  | (6,430 | ) |  | 54,725 |
Earnings per share attributable to Ocwen common stockholders |  |  |  |  |
Basic | $ | 0.45 |  |  | $ | (0.05 | ) |  | $ | 0.40 |
Diluted | $ | 0.44 |  |  | $ | (0.05 | ) |  | $ | 0.39 |
| Consolidated Statement of Operations for the Nine Months Ended September 30, 2013
| As Reported |  | Restatement |  | As Restated
Interest expense | $ | (303,339 | ) |  | $ | (16,225 | ) |  | $ | (319,564 | )
Total other expense, net | (306,780 | ) |  | (16,225 | ) |  | (323,005 | )
Income before income taxes | 215,120 |  |  | (16,225 | ) |  | 198,895 |
Income tax expense | 26,250 |  |  | (2,498 | ) |  | 23,752 |
Net income | 188,870 |  |  | (13,727 | ) |  | 175,143 |
Net income attributable to Ocwen common stockholders | 177,847 |  |  | (13,727 | ) |  | 164,120 |
Earnings per share attributable to Ocwen common stockholders |  |  |  |  |
Basic | $ | 1.31 |  |  | $ | (0.10 | ) |  | $ | 1.21 |
Diluted | $ | 1.27 |  |  | $ | (0.10 | ) |  | $ | 1.17 |
| Consolidated Statement of Comprehensive Income for the Three Months Ended September 30, 2013
| As Reported |  | Restatement |  | As Restated
Net income | $ | 67,002 |  |  | $ | (6,430 | ) |  | $ | 60,572 |
Comprehensive income | 71,747 |  |  | (6,430 | ) |  | 65,317 |
| Consolidated Statement of Comprehensive Income for the Nine Months Ended September 30, 2013
| As Reported |  | Restatement |  | As Restated
Net income | $ | 188,870 |  |  | $ | (13,727 | ) |  | $ | 175,143 |
Comprehensive income | 188,242 |  |  | (13,727 | ) |  | 174,515 |
| Consolidated Statement of Changes in Equity for the Nine Months Ended September 30, 2013
| As Reported |  | Restatement |  | As Restated
Net income | $ | 188,870 |  |  | $ | (13,727 | ) |  | $ | 175,143 |
| Consolidated Statement of Cash Flows for the Nine Months Ended September 30, 2013
| As Reported |  | Restatement |  | As Restated
Net income | $ | 188,870 |  |  | $ | (13,727 | ) |  | $ | 175,143 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Decrease (increase) in deferred tax assets, net | 105 |  |  | (2,498 | ) |  | (2,393 | )
Net cash provided by operating activities | 1,020,455 |  |  | (16,225 | ) |  | 1,004,230 |
Repayments of other secured borrowings | (7,182,275 | ) |  | 16,225 |  |  | (7,166,050 | )
Net cash used in financing activities | (933,136 | ) |  | 16,225 |  |  | (916,911 | )

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22644-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22663-107794 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22658-107794 + Details
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