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UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) [Abstract]        
Net income (loss) $ (75,258) $ 60,572 $ 52,240 $ 175,143
Other comprehensive income (loss), net of income taxes:        
Change in deferred loss on cash flow hedges arising during the year 0 [1] 0 [1] 0 [1] (7,537) [1]
Reclassification adjustment for losses on cash flow hedges included in net income 384 [2] 4,714 [2] 1,362 [2] 6,198 [2]
Net change in deferred loss on cash flow hedges 384 4,714 1,362 (1,339)
Other 2 31 5 711
Total other comprehensive income (loss), net of income taxes 386 4,745 1,367 (628)
Comprehensive income (loss) (74,872) 65,317 53,607 174,515
Comprehensive income attributable to non-controlling interests (121) 0 (165) 0
Comprehensive income (loss) attributable to Ocwen stockholders $ (74,993) $ 65,317 $ 53,442 $ 174,515
[1] Net of tax benefit of $4.8 million for the nine months ended September 30, 2013.
[2] Net of tax expense of $3.1 million for the three months ended September 30, 2013 and $0.2 million and $3.9 million for the nine months ended September 30, 2014 and 2013, respectively. These losses are reclassified to Other, net in the unaudited Consolidated Statements of Operations. See Note 15 – Derivative Financial Instruments and Hedging Activities for additional information.