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Quarterly Results of Operations (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Results of Operations (Unaudited) |
| Quarters Ended
| December 31, 2014 |  | September 30, 2014 |  | June 30, 2014 |  | March 31, 2014
Revenue | $ | 493,292 |  |  | $ | 513,698 |  |  | $ | 553,074 |  |  | $ | 551,261 |
Operating expenses (1) (2) | 885,512 |  |  | 455,039 |  |  | 345,463 |  |  | 349,194 |
Income (loss) from operations | (392,220 | ) |  | 58,659 |  |  | 207,611 |  |  | 202,067 |
Other expense | (127,553 | ) |  | (130,925 | ) |  | (130,434 | ) |  | (130,364 | )
Income (loss) before income taxes | (519,773 | ) |  | (72,266 | ) |  | 77,177 |  |  | 71,703 |
Income tax expense | 2,022 |  |  | 2,992 |  |  | 10,165 |  |  | 11,217 |
Net income (loss) | (521,795 | ) |  | (75,258 | ) |  | 67,012 |  |  | 60,486 |
Net (income) loss attributable to non-controlling interests | (80 | ) |  | (123 | ) |  | (57 | ) |  | 15 |
Net income (loss) attributable to Ocwen stockholders | (521,875 | ) |  | (75,381 | ) |  | 66,955 |  |  | 60,501 |
Preferred stock dividends | — |  |  | — |  |  | (582 | ) |  | (581 | )
Deemed dividend related to beneficial conversion feature of preferred stock | — |  |  | (808 | ) |  | (415 | ) |  | (416 | )
Net income (loss) attributable to Ocwen common stockholders | $ | (521,875 | ) |  | $ | (76,189 | ) |  | $ | 65,958 |  |  | $ | 59,504 |
Earnings (loss) per share attributable to Ocwen common stockholders |  |  |  |  |  |  |
Basic | $ | (4.16 | ) |  | $ | (0.58 | ) |  | $ | 0.49 |  |  | $ | 0.44 |
Diluted | $ | (4.16 | ) |  | $ | (0.58 | ) |  | $ | 0.48 |  |  | $ | 0.43 |
| Quarters Ended
| December 31, 2013 |  | September 30, 2013 |  | June 30, 2013 |  | March 31, 2013
Revenue | $ | 555,955 |  |  | $ | 531,240 |  |  | $ | 544,812 |  |  | $ | 406,266 |
Operating expenses (3) | 340,876 |  |  | 346,260 |  |  | 371,508 |  |  | 242,650 |
Income from operations | 215,079 |  |  | 184,980 |  |  | 173,304 |  |  | 163,616 |
Other expense | (61,495 | ) |  | (115,535 | ) |  | (99,146 | ) |  | (108,324 | )
Income before income taxes | 153,584 |  |  | 69,445 |  |  | 74,158 |  |  | 55,292 |
Income tax expense | 18,309 |  |  | 8,873 |  |  | 8,496 |  |  | 6,383 |
Net income | 135,275 |  |  | 60,572 |  |  | 65,662 |  |  | 48,909 |
Preferred stock dividends | (581 | ) |  | (1,446 | ) |  | (1,519 | ) |  | (1,485 | )
Deemed dividend related to beneficial conversion feature of preferred stock | (416 | ) |  | (4,401 | ) |  | (1,086 | ) |  | (1,086 | )
Net income attributable to Ocwen common stockholders | $ | 134,278 |  |  | $ | 54,725 |  |  | $ | 63,057 |  |  | $ | 46,338 |
Earnings per share attributable to Ocwen common stockholders |  |  |  |  |  |  |
Basic | $ | 0.99 |  |  | $ | 0.40 |  |  | $ | 0.46 |  |  | $ | 0.34 |
Diluted | $ | 0.95 |  |  | $ | 0.39 |  |  | $ | 0.45 |  |  | $ | 0.33 |
(1) | Operating expenses for the third and fourth quarter of 2014 include charges of $100.0 million and $50.0 million, respectively, for losses related to a regulatory settlement with the NY DFS. These charges are included in Professional services on the Consolidated Statement of Operations and were recorded in the Corporate Items and Other segment.
(2) | Operating expenses for the fourth quarter of 2014 include the recognition of a goodwill impairment loss of $420.2 million.
(3) | Operating expenses for the second quarter of 2013 include a $52.8 million charge recorded in connection with the Ocwen National Mortgage Settlement. This charge is included in Professional services on the Consolidated Statement of Operations and is recorded in the Corporate Items and Other segment.

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=35737889&loc=d3e1280-108306 + Details
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