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Basic and Diluted Earnings per Share (Tables) | 3 Months Ended
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Mar. 31, 2015
Earnings Per Share [Abstract] |
Schedule 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 three months ended March 31:
| 2015 |  | 2014
Basic earnings per share: |  |  |
Net income attributable to Ocwen common stockholders | $ | 34,355 |  |  | $ | 59,504 |
Weighted average shares of common stock | 125,272,228 |  |  | 135,227,067 |
Basic earnings per share | $ | 0.27 |  |  | $ | 0.44 |
Diluted earnings per share: |  |  |
Net income attributable to Ocwen common stockholders | $ | 34,355 |  |  | $ | 59,504 |
Preferred stock dividends (1) | — |  |  | 997 |
Adjusted net income attributable to Ocwen | $ | 34,355 |  |  | $ | 60,501 |
Weighted average shares of common stock | 125,272,228 |  |  | 135,227,067 |
Effect of dilutive elements: |  |  |
Preferred stock (1) | — |  |  | 1,950,298 |
Stock options | 1,725,280 |  |  | 3,908,333 |
Common stock awards | 2,154 |  |  | 3,757 |
Dilutive weighted average shares of common stock | 126,999,662 |  |  | 141,089,455 |
Diluted earnings per share | $ | 0.27 |  |  | $ | 0.43 |
Stock options and common stock awards excluded from the computation of diluted earnings per share: |  |  |
Anti-dilutive (2) | 2,010,902 |  |  | — |
Market-based (3) | 851,263 |  |  | 547,500 |
(1) | Prior to the conversion of our remaining preferred stock into common stock in July 2014, we computed the effect on diluted earnings per share using the if-converted method. For purposes of computing diluted earnings per share, we assume the conversion of the preferred stock into shares of common stock unless the effect is anti-dilutive.
(2) | These options were anti-dilutive because their exercise price was greater than the average market price of our stock.
(3) | 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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