XML 76 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (USD $)
In Thousands, except Share data, unless otherwise specified
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income (Loss), Net of Taxes [Member]
Non-controlling Interest in Subsidiaries [Member]
Beginning Balance at Dec. 31, 2013 $ 1,812,591us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $ 1,352us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
$ 818,427us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
$ 1,002,963us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
$ (10,151)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
 
Beginning Balance (in shares) at Dec. 31, 2013   135,176,271us-gaap_CommonStockSharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 60,486us-gaap_ProfitLoss     60,501us-gaap_ProfitLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
  (15)us-gaap_ProfitLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
Preferred stock dividends ($9.38 per share) (581)us-gaap_DividendsPreferredStock     (581)us-gaap_DividendsPreferredStock
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
   
Deemed dividends related to beneficial conversion feature of preferred stock (416)ocn_DeemedDividendRelatedToBeneficialConversionFeatureOfPreferredStockIncomeStatementImpact     (416)ocn_DeemedDividendRelatedToBeneficialConversionFeatureOfPreferredStockIncomeStatementImpact
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
   
Repurchase of common stock (2,308)us-gaap_StockRepurchasedDuringPeriodValue (1)us-gaap_StockRepurchasedDuringPeriodValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
(2,307)us-gaap_StockRepurchasedDuringPeriodValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
     
Repurchase of common stock (in shares)   (60,000)us-gaap_StockRepurchasedDuringPeriodShares
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Exercise of common stock options 1,039us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised 3us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
1,036us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
     
Exercise of common stock options (in shares)   244,000us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Equity-based compensation and other 2,206us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue   2,206us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
     
Equity-based compensation (in shares)   4,903us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Non-controlling interest in connection with acquisition of controlling interest in Ocwen Structured Investments, LLC 2,526us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination         2,526us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
Other comprehensive income (loss), net of income taxes 609us-gaap_OtherComprehensiveIncomeLossNetOfTax       609us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
 
Ending Balance at Mar. 31, 2014 1,876,152us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 1,354us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
819,362us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
1,062,467us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
(9,542)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
2,511us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
Ending Balance (in shares) at Mar. 31, 2014   135,365,174us-gaap_CommonStockSharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Beginning Balance at Dec. 31, 2014 1,041,165us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 1,252us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
515,194us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
530,361us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
(8,413)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
2,771us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
Beginning Balance (in shares) at Dec. 31, 2014 125,215,615us-gaap_CommonStockSharesOutstanding 125,215,615us-gaap_CommonStockSharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 34,389us-gaap_ProfitLoss     34,355us-gaap_ProfitLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
  34us-gaap_ProfitLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
Preferred stock dividends ($9.38 per share) 0us-gaap_DividendsPreferredStock          
Deemed dividends related to beneficial conversion feature of preferred stock 0ocn_DeemedDividendRelatedToBeneficialConversionFeatureOfPreferredStockIncomeStatementImpact          
Cumulative effect of fair value election - Mortgage servicing rights 42,846us-gaap_CumulativeEffectOnRetainedEarningsNetOfTax1     42,846us-gaap_CumulativeEffectOnRetainedEarningsNetOfTax1
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
   
Exercise of common stock options 509us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised 1us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
508us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
     
Exercise of common stock options (in shares)   85,173us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Equity-based compensation and other 2,213us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue   2,213us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
     
Equity-based compensation (in shares)   2,000us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
       
Other comprehensive income (loss), net of income taxes 418us-gaap_OtherComprehensiveIncomeLossNetOfTax       418us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
 
Ending Balance at Mar. 31, 2015 $ 1,121,540us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $ 1,253us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
$ 517,915us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
$ 607,562us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
$ (7,995)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
$ 2,805us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
Ending Balance (in shares) at Mar. 31, 2015 125,302,788us-gaap_CommonStockSharesOutstanding 125,302,788us-gaap_CommonStockSharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember