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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue        
Servicing and subservicing fees $ 360,017 $ 465,964 $ 1,203,541 $ 1,448,096
Gain on loans held for sale, net 27,298 27,218 116,934 110,041
Other revenues 17,631 20,516 58,166 59,896
Total revenue [1] 404,946 513,698 1,378,641 1,618,033
Expenses        
Compensation and benefits 102,612 99,879 313,599 316,118
Amortization of mortgage servicing rights 18,108 60,783 88,188 186,075
Servicing and origination 101,545 49,739 255,905 129,473
Technology and communications 37,182 44,261 117,793 121,234
Professional services 62,428 160,704 191,728 212,745
Occupancy and equipment 31,043 24,697 85,530 82,504
Other 34,808 14,976 65,593 101,547
Total expenses [1],[2] 387,726 455,039 1,118,336 1,149,696
Other income (expense)        
Interest income 5,693 6,593 16,306 17,472
Interest expense (118,313) (133,049) (362,606) (409,129)
Gain on sale of mortgage servicing rights 41,246 0 97,958 0
Gain on extinguishment of debt 0 0 0 2,609
Other, net (1,764) (4,469) (12,552) (2,675)
Total other expense, net (73,138) (130,925) (260,894) (391,723)
Income (loss) before income taxes (55,918) (72,266) (589) 76,614
Income tax expense 10,832 2,992 21,866 24,374
Net income (loss) (66,750) (75,258) (22,455) 52,240
Net income attributable to non-controlling interests (119) (123) (321) (165)
Net income (loss) attributable to Ocwen stockholders (66,869) (75,381) (22,776) 52,075
Preferred stock dividends 0 0 0 (1,163)
Deemed dividends related to beneficial conversion feature of preferred stock 0 (808) 0 (1,639)
Net income (loss) attributable to Ocwen common stockholders [3] $ (66,869) $ (76,189) $ (22,776) $ 49,273
Earnings (loss) per share attributable to Ocwen common stockholders        
Basic (in USD per share) $ (0.53) $ (0.58) $ (0.18) $ 0.37
Diluted (in USD per share) $ (0.53) $ (0.58) $ (0.18) $ 0.36
Weighted average common shares outstanding        
Basic (in shares) 125,383,639 130,551,197 125,322,742 133,318,381
Diluted (in shares) 125,383,639 130,551,197 125,322,742 136,881,326
[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 September 30, 2015Depreciation expense$694 $96 $4,256 $5,046Amortization of mortgage servicing rights18,023 85 — 18,108Amortization of debt discount329 — — 329Amortization of debt issuance costs 2,981 — 344 3,325 For the three months ended September 30, 2014Depreciation expense$2,636 $98 $3,022 $5,756Amortization of mortgage servicing rights60,689 94 — 60,783Amortization of debt discount331 — — 331Amortization of debt issuance costs 1,114 — 344 1,458 For the nine months ended September 30, 2015Depreciation expense$1,736 $292 $11,439 $13,467Amortization of mortgage servicing rights87,926 262 — 88,188Amortization of debt discount1,022 — — 1,022Amortization of debt issuance costs 9,336 — 1,049 10,385 For the nine months ended September 30, 2014Depreciation expense$8,099 $235 $8,267 $16,601Amortization of mortgage servicing rights185,263 613 199 186,075Amortization of debt discount991 — — 991Amortization of debt issuance costs 3,241 — 513 3,754
[3] For the three and nine months ended September 30, 2015 and for three months ended September 30, 2014, we have excluded the effect of preferred stock, stock options and common stock awards from the computation of diluted earnings per share because of the anti-dilutive effect of our reported net loss.