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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue        
Servicing and subservicing fees $ 396,983 $ 491,673 $ 843,524 $ 982,132
Gain on loans held for sale, net 45,132 38,836 89,636 82,823
Other revenues 21,136 22,565 40,535 39,380
Total revenue 463,251 [1] 553,074 [1] 973,695 1,104,335
Expenses        
Compensation and benefits 105,843 110,602 210,987 216,239
Amortization of mortgage servicing rights 31,586 63,198 70,080 125,292
Servicing and origination 52,558 35,787 154,360 79,734
Technology and communications 41,260 39,997 80,611 76,973
Professional services 72,369 30,643 129,300 52,041
Occupancy and equipment 28,773 25,756 54,487 57,807
Other 19,863 39,480 30,785 86,571
Total expenses [1] 352,252 [2] 345,463 [2] 730,610 694,657
Other income (expense)        
Interest income 5,038 5,553 10,613 10,879
Interest expense (124,897) (136,207) (244,293) (276,080) [2]
Gain on sale of mortgage servicing rights 30,306 0 56,712 0
Gain on extinguishment of debt 0 356 0 2,609
Other, net (8,946) (136) (10,788) 1,794
Total other expense, net (98,499) (130,434) (187,756) (260,798)
Income before income taxes 12,500 77,177 55,329 148,880
Income tax expense 2,594 10,165 11,034 21,382
Net income 9,906 67,012 44,295 127,498
Net income attributable to non-controlling interests (168) (57) (202) (42)
Net income attributable to Ocwen stockholders 9,738 66,955 44,093 127,456
Preferred stock dividends 0 (582) 0 (1,163)
Deemed dividends related to beneficial conversion feature of preferred stock 0 (415) 0 (831)
Net income attributable to Ocwen common stockholders $ 9,738 $ 65,958 $ 44,093 $ 125,462
Earnings per share attributable to Ocwen common stockholders        
Basic (in USD per share) $ 0.08 $ 0.49 $ 0.35 $ 0.93
Diluted (in USD per share) $ 0.08 $ 0.48 $ 0.35 $ 0.91
Weighted average common shares outstanding        
Basic (in shares) 125,311,133 134,221,668 125,291,788 134,724,905
Diluted (in shares) 127,152,479 137,705,793 127,076,178 138,423,012
[1] Intersegment billings for services rendered to other segments are recorded as revenues, as contra-expense or as other income, depending on the type of service that is rendered.
[2] Depreciation and amortization expense are as follows: Servicing Lending Corporate Items and Other Business Segments ConsolidatedFor the three months ended June 30, 2015 Depreciation expense$513 $92 $3,470 $4,075Amortization of mortgage servicing rights31,499 87 — 31,586Amortization of debt discount337 — — 337Amortization of debt issuance costs 3,183 — 373 3,556 For the three months ended June 30, 2014 Depreciation expense$2,643 $32 $2,631 $5,306Amortization of mortgage servicing rights62,794 404 — 63,198Amortization of debt discount330 — — 330Amortization of debt issuance costs 1,040 — 170 1,210 For the six months ended June 30, 2015 Depreciation expense$1,042 $197 $7,181 $8,420Amortization of mortgage servicing rights69,903 177 — 70,080Amortization of debt discount693 — — 693Amortization of debt issuance costs 6,606 — 705 7,311 For the six months ended June 30, 2014 Depreciation expense$5,463 $138 $5,245 $10,846Amortization of mortgage servicing rights124,574 519 199 125,292Amortization of debt discount661 — — 661Amortization of debt issuance costs 2,127 — 170 2,297