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Basic and Diluted Earnings (Loss) per Share (Tables) | 12 Months Ended
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Dec. 31, 2014
Earnings Per Share [Abstract] |
Schedule of Reconciliation of the Calculation of Basic EPS to Diluted EPS | The following is a reconciliation of the calculation of basic earnings per share to diluted earnings per share for the years ended December 31:
| 2014 |  | 2013 |  | 2012
Basic earnings (loss) per share: |  |  |  |  |
Net income (loss) attributable to Ocwen common stockholders | $ | (472,602 | ) |  | $ | 298,398 |  |  | $ | 180,778 |
Weighted average shares of common stock | 131,362,284 |  |  | 135,678,088 |  |  | 133,912,643 |
Basic earnings (loss) per share | $ | (3.60 | ) |  | $ | 2.20 |  |  | $ | 1.35 |
Diluted earnings (loss) per share (1): |  |  |  |  |
Net income (loss) attributable to Ocwen common stockholders | $ | (472,602 | ) |  | $ | 298,398 |  |  | $ | 180,778 |
Preferred stock dividends (1) (2) | — |  |  | — |  |  | — |
Interest expense on 3.25% Convertible Notes, net of income tax (3) | — |  |  | — |  |  | 107 |
Adjusted net income (loss) attributable to Ocwen | $ | (472,602 | ) |  | $ | 298,398 |  |  | $ | 180,885 |
Weighted average shares of common stock | 131,362,284 |  |  | 135,678,088 |  |  | 133,912,643 |
Effect of dilutive elements (1): |  |  |  |  |
Preferred Shares (1) (2) | — |  |  | — |  |  | — |
3.25% Convertible Notes (2) | — |  |  | — |  |  | 1,008,891 |
Stock options | — |  |  | 4,110,355 |  |  | 3,593,419 |
Common stock awards | — |  |  | 12,063 |  |  | 6,326 |
Dilutive weighted average shares of common stock | 131,362,284 |  |  | 139,800,506 |  |  | 138,521,279 |
Diluted earnings (loss) per share | $ | (3.60 | ) |  | $ | 2.13 |  |  | $ | 1.31 |
Stock options excluded from the computation of diluted earnings per share: |  |  |  |  |
Anti-dilutive (3) | 314,688 |  |  | — |  |  | 143,125 |
Market-based (4) | 295,000 |  |  | 547,500 |  |  | 1,535,000 |
(1) | For 2014, we have excluded the effect of the Preferred Shares, stock options and common stock awards from the computation of diluted earnings per share because of the anti-dilutive effect of our reported net loss.
(2) | Prior to the conversion of the remaining Preferred Shares into common stock in July 2014 and the redemption of the remaining 3.25% Convertible Notes into common stock in March 2012, we computed their effect on diluted earnings per share using the if-converted method. For purposes of computing diluted earnings per share, we assumed the conversion of the Preferred Shares and the 3.25% Convertible Notes into shares of common stock unless the effect was anti-dilutive. Conversion of the Preferred Shares was not assumed for 2013 and 2012 because the effect would have been antidilutive.
(3) | These stock 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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