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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenue      
Servicing and subservicing fees $ 1,531,797 $ 1,894,175 $ 1,823,559
Gain on loans held for sale, net 134,969 134,297 121,694
Other revenues 74,332 82,853 93,020
Total revenue [1] 1,741,098 2,111,325 2,038,273
Expenses      
Compensation and benefits 415,055 415,530 442,777
Goodwill impairment loss 0 420,201 0
Amortization of mortgage servicing rights 99,194 250,375 282,781
Servicing and origination 344,560 202,739 112,127
Technology and communications 154,758 167,053 140,466
Professional services 276,393 326,667 123,886
Occupancy and equipment 112,864 109,179 105,145
Other 75,360 143,464 94,112
Total expenses [1],[2] 1,478,184 2,035,208 1,301,294
Other income (expense)      
Interest income 18,320 22,991 22,355
Interest expense (482,373) (541,757) (395,586)
Gain on sale of mortgage servicing rights, net 83,921 0 0
Gain (loss) on extinguishment of debt 0 2,609 (8,681)
Other, net (12,643) (3,119) (2,588)
Total other expense, net (392,775) (519,276) (384,500)
Income (loss) before income taxes (129,861) (443,159) 352,479
Income tax expense 116,851 26,396 42,061
Net income (loss) (246,712) (469,555) 310,418
Net income attributable to non-controlling interests (305) (245) 0
Net income (loss) attributable to Ocwen stockholders (247,017) (469,800) 310,418
Preferred stock dividends 0 (1,163) (5,031)
Deemed dividends related to beneficial conversion feature of preferred stock 0 (1,639) (6,989)
Net income (loss) attributable to Ocwen common stockholders [3] $ (247,017) $ (472,602) $ 298,398
Earnings (loss) per share attributable to Ocwen common stockholders      
Basic (in dollars per share) $ (1.97) $ (3.60) $ 2.20
Diluted (in dollars per share) $ (1.97) $ (3.60) $ 2.13
Weighted average common shares outstanding      
Basic (in shares) 125,315,899 131,362,284 135,678,088
Diluted (in shares) [3] 125,315,899 131,362,284 139,800,506
[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 year ended December 31, 2015: Depreciation expense$2,990 $380 $15,789 $19,159Amortization of mortgage servicing rights98,849 345 — 99,194Amortization of debt discount2,680 — — 2,680Amortization of debt issuance costs 21,269 — 1,395 22,664 For the year ended December 31, 2014: Depreciation expense$9,955 $332 $11,623 $21,910Amortization of mortgage servicing rights249,471 705 199 250,375Amortization of debt discount1,318 — — 1,318Amortization of debt issuance costs 4,294 — 845 5,139 For the year ended December 31, 2013: Depreciation expense$13,525 $320 $10,400 $24,245Amortization of mortgage servicing rights282,526 255 — 282,781Amortization of debt discount1,412 — — 1,412Amortization of debt issuance costs 4,395 — — 4,395
[3] For 2015 and 2014, we have excluded the effect of the 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.