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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenue              
Servicing and subservicing fees $ 360,017 $ 465,964 $ 1,203,541 $ 1,448,096 $ 1,894,175 $ 1,823,559 $ 804,407
Gain on loans held for sale, net 27,298 27,218 116,934 110,041 134,297 121,694 215
Other revenues 17,631 20,516 58,166 59,896 82,853 93,020 40,581
Total revenue 404,946 [1] 513,698 [1] 1,378,641 [1] 1,618,033 [1] 2,111,325 2,038,273 845,203
Operating expenses              
Compensation and benefits 102,612 99,879 313,599 316,118 415,530 442,777 122,341
Goodwill impairment loss         420,201 0 0
Amortization of mortgage servicing rights 18,108 60,783 88,188 186,075 250,375 282,781 72,897
Servicing and origination 101,545 49,739 255,905 129,473 202,739 112,127 25,542
Technology and communications 37,182 44,261 117,793 121,234 167,053 140,466 45,362
Professional services 62,428 160,704 191,728 212,745 326,667 123,886 29,213
Occupancy and equipment 31,043 24,697 85,530 82,504 109,179 105,145 47,044
Interest income 5,693 6,593 16,306 17,472 22,991 22,355 8,329
Other 34,808 14,976 65,593 101,547      
Other operating expenses         143,464 94,112 21,508
Total expenses [1],[2] 387,726 455,039 1,118,336 1,149,696      
Total operating expenses   455,039 [3],[4]     2,035,208 1,301,294 363,907
Income from operations   58,659     76,117 736,979 481,296
Other income (expense)              
Interest income 5,693 6,593 16,306 17,472 22,991 22,355 8,329
Interest expense (118,313) (133,049) (362,606) (409,129) (541,757) (395,586) (223,455)
Gain on sale of mortgage servicing rights 41,246 0 97,958 0      
Gain (loss) on extinguishment of debt 0 0 0 2,609 2,609 (8,681) (2,167)
Other, net (1,764) (4,469) (12,552) (2,675) (3,119) (2,588) (6,495)
Total other expense, net (73,138) (130,925) (260,894) (391,723) (519,276) (384,500) (223,788)
Income (loss) before income taxes (55,918) (72,266) (589) 76,614 (443,159) 352,479 257,508
Income tax expense 10,832 2,992 21,866 24,374 26,396 42,061 76,585
Net income (loss) (66,750) (75,258) (22,455) 52,240 (469,555) 310,418 180,923
Net income attributable to non-controlling interests (119) (123) (321) (165) (245) 0 0
Net income (loss) attributable to Ocwen stockholders (66,869) (75,381) (22,776) 52,075 (469,800) 310,418 180,923
Preferred stock dividends 0 0 0 (1,163) (1,163) (5,031) (85)
Deemed dividends related to beneficial conversion feature of preferred stock 0 (808) 0 (1,639) (1,639) (6,989) (60)
Net income (loss) attributable to Ocwen common stockholders $ (66,869) [5] $ (76,189) [5] $ (22,776) [5] $ 49,273 [5] $ (472,602) $ 298,398 $ 180,778
Earnings (loss) per share attributable to Ocwen common stockholders              
Basic (in dollars per share) $ (0.53) $ (0.58) $ (0.18) $ 0.37 $ (3.60) $ 2.20 $ 1.35
Diluted (in dollars per share) $ (0.53) $ (0.58) $ (0.18) $ 0.36 $ (3.60) $ 2.13 $ 1.31
Weighted average common shares outstanding              
Basic (in shares) 125,383,639 130,551,197 125,322,742 133,318,381 131,362,284 135,678,088 133,912,643
Diluted (in shares) 125,383,639 130,551,197 125,322,742 136,881,326 131,362,284 139,800,506 138,521,279
[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] Operating expenses for the fourth quarter of 2014 include the recognition of a goodwill impairment loss of $420.2 million.
[4] 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.
[5] 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.