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Basic and Diluted Earnings (Loss) per Share (Tables) | 9 Months Ended
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Sep. 30, 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 and nine months ended September 30:
| Three Months |  | Nine Months
| 2014 |  | 2013 |  | 2014 |  | 2013
Basic EPS: |  |  |  |  |  |  |
Net income (loss) attributable to Ocwen common stockholders | $ | (76,189 | ) |  | $ | 54,725 |  |  | $ | 49,273 |  |  | $ | 164,120 |
Weighted average shares of common stock | 130,551,197 |  |  | 135,787,834 |  |  | 133,318,381 |  |  | 135,705,892 |
Basic EPS | $ | (0.58 | ) |  | $ | 0.40 |  |  | $ | 0.37 |  |  | $ | 1.21 |
Diluted EPS (1): |  |  |  |  |  |  |
Net income (loss) attributable to Ocwen common stockholders | $ | (76,189 | ) |  | $ | 54,725 |  |  | $ | 49,273 |  |  | $ | 164,120 |
Preferred stock dividends (1) (2) | — |  |  | — |  |  | — |  |  | — |
Adjusted net income (loss) attributable to Ocwen | $ | (76,189 | ) |  | $ | 54,725 |  |  | $ | 49,273 |  |  | $ | 164,120 |
Weighted average shares of common stock | 130,551,197 |  |  | 135,787,834 |  |  | 133,318,381 |  |  | 135,705,892 |
Effect of dilutive elements (1): |  |  |  |  |  |  |
Preferred Shares (1) (2) | — |  |  | — |  |  | — |  |  | — |
Stock options | — |  |  | 4,263,965 |  |  | 3,558,689 |  |  | 4,030,297 |
Common stock awards | — |  |  | 5,396 |  |  | 4,256 |  |  | 11,301 |
Dilutive weighted average shares of common stock | 130,551,197 |  |  | 140,057,195 |  |  | 136,881,326 |  |  | 139,747,490 |
Diluted EPS | $ | (0.58 | ) |  | $ | 0.39 |  |  | $ | 0.36 |  |  | $ | 1.17 |
Stock options excluded from the computation of diluted EPS: |  |  |  |  |  |  |
Anti-dilutive (3) | 91,250 |  |  | — |  |  | 47,083 |  |  | — |
Market-based (4) | 295,000 |  |  | 547,500 |  |  | 295,000 |  |  | 547,500 |
(1) | For the three months ended September 30, 2014, we have excluded the effect of the Preferred Shares, stock options and common stock awards from the computation of diluted EPS because of the anti-dilutive effect of our reported net loss.
(2) | 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 nine months ended September 30, 2014 and the three and nine months ended September 30, 2013 because the effect would have been antidilutive.
(3) | These 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.

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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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