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Basic and Diluted Earnings per Share - Schedule of Reconciliation of Calculation of Basic Earnings per Share to Diluted Earnings per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 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 (in shares) 125,311,133 134,221,668 125,291,788 134,724,905
Basic earnings per share (in USD 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] 0 0 0 0
Adjusted net income attributable to Ocwen $ 9,738 $ 65,958 $ 44,093 $ 125,462
Weighted average shares of common stock (in shares) 125,311,133 134,221,668 125,291,788 134,724,905
Effect of dilutive elements:        
Preferred stock (in shares) [1] 0 0 0 0
Stock options (in shares) 1,830,496 3,479,499 1,777,888 3,693,916
Common stock awards (in shares) 10,850 4,626 6,502 4,191
Dilutive weighted average shares of common stock (in shares) 127,152,479 137,705,793 127,076,178 138,423,012
Diluted earnings per share (in USD 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 Securities (in shares) [2] 1,846,374 50,000 1,928,638 25,000
Market Based [Member]        
Stock options and common stock awards excluded from the computation of diluted earnings per share:        
Anti-dilutive Securities (in shares) [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.