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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenue    
Servicing and subservicing fees $ 297,496 $ 446,541
Gain on loans held for sale, net 15,572 44,504
Other revenues 17,689 19,399
Total revenue [1] 330,757 510,444
Expenses    
Compensation and benefits 96,249 105,144
Amortization of mortgage servicing rights 12,806 38,494
Servicing and origination 95,692 101,802
Technology and communications 26,869 39,351
Professional services 70,907 56,931
Occupancy and equipment 24,745 25,714
Other 1,389 10,922
Total expenses [1],[2] 328,657 378,358
Other income (expense)    
Interest income 4,190 5,575
Interest expense (106,089) (119,396)
Gain on sale of mortgage servicing rights, net 1,175 26,406
Other, net (3,501) (1,842)
Total other expense, net (104,225) (89,257)
Income (loss) before income taxes (102,125) 42,829
Income tax expense 9,076 8,440
Net income (loss) (111,201) 34,389
Net income attributable to non-controlling interests (130) (34)
Net income (loss) attributable to Ocwen stockholders $ (111,331) $ 34,355
Earnings (loss) per share attributable to Ocwen stockholders    
Basic (in USD per share) $ (0.90) $ 0.27
Diluted (in USD per share) $ (0.90) $ 0.27
Weighted average common shares outstanding    
Basic (in shares) 124,093,339 125,272,228
Diluted (in shares) 124,093,339 126,999,662
[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 March 31, 2016Depreciation expense$1,135 $72 $3,832 $5,039Amortization of mortgage servicing rights12,725 81 — 12,806Amortization of debt discount206 — — 206Amortization of debt issuance costs 2,933 — 344 3,277 For the three months ended March 31, 2015Depreciation expense$529 $104 $3,711 $4,344Amortization of mortgage servicing rights38,405 89 — 38,494Amortization of debt discount356 — — 356Amortization of debt issuance costs 3,423 — 332 3,755