XML 50 R44.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Basic and Diluted Earnings per Share (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2015
Earnings Per Share [Abstract] |
Schedule of Reconciliation of Calculation of Basic Earnings per Share to Diluted Earnings per Share | The following is a reconciliation of the calculation of basic earnings per share to diluted earnings per share for the three and six months ended June 30:
| Three Months |  | Six Months
| 2015 |  | 2014 |  | 2015 |  | 2014
Basic earnings per share: |  |  |  |  |  |  |
Net income attributable to Ocwen common stockholders | $ | 9,738 |  |  | $ | 65,958 |  |  | $ | 44,093 |  |  | $ | 125,462 |
Weighted average shares of common stock | 125,311,133 |  |  | 134,221,668 |  |  | 125,291,788 |  |  | 134,724,905 |
Basic earnings per share | $ | 0.08 |  |  | $ | 0.49 |  |  | $ | 0.35 |  |  | $ | 0.93 |
Diluted earnings per share: |  |  |  |  |  |  |
Net income attributable to Ocwen common stockholders | $ | 9,738 |  |  | $ | 65,958 |  |  | $ | 44,093 |  |  | $ | 125,462 |
Preferred stock dividends (1) | — |  |  | — |  |  | — |  |  | — |
Adjusted net income attributable to Ocwen | $ | 9,738 |  |  | $ | 65,958 |  |  | $ | 44,093 |  |  | $ | 125,462 |
Weighted average shares of common stock | 125,311,133 |  |  | 134,221,668 |  |  | 125,291,788 |  |  | 134,724,905 |
Effect of dilutive elements: |  |  |  |  |  |  |
Preferred stock (1) | — |  |  | — |  |  | — |  |  | — |
Stock options | 1,830,496 |  |  | 3,479,499 |  |  | 1,777,888 |  |  | 3,693,916 |
Common stock awards | 10,850 |  |  | 4,626 |  |  | 6,502 |  |  | 4,191 |
Dilutive weighted average shares of common stock | 127,152,479 |  |  | 137,705,793 |  |  | 127,076,178 |  |  | 138,423,012 |
Diluted earnings per share | $ | 0.08 |  |  | $ | 0.48 |  |  | $ | 0.35 |  |  | $ | 0.91 |
Stock options and common stock awards excluded from the computation of diluted earnings per share: |  |  |  |  |  |  |
Anti-dilutive (2) | 1,846,374 |  |  | 50,000 |  |  | 1,928,638 |  |  | 25,000 |
Market-based (3) | 924,438 |  |  | 272,500 |  |  | 924,438 |  |  | 272,500 |
(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. Conversion of the preferred stock was not assumed for the three and six months ended June 30, 2014 because the effect would have been antidilutive.
(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.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration