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Basic and Diluted Earnings per Share (Tables)
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Calculation of Basic Earnings per Share to Diluted Earnings per Share
The following is a reconciliation of the calculation of basic earnings per share to diluted earnings per share for the periods ended June 30:
 
Three Months
 
Six Months
 
2016
 
2015
 
2016
 
2015
Basic earnings per share:
 
 
 
 
 
 
 
Net income (loss) attributable to Ocwen common stockholders
$
(87,378
)
 
$
9,738

 
$
(198,709
)
 
$
44,093

 
 
 
 
 
 
 
 
Weighted average shares of common stock
123,893,752

 
125,311,133

 
123,993,545

 
125,291,788

 
 
 
 
 
 
 
 
Basic earnings (loss) per share
$
(0.71
)
 
$
0.08

 
$
(1.60
)
 
$
0.35

 
 
 
 
 
 
 
 
Diluted earnings (loss) per share (1):
 
 
 
 
 
 
 
Net income (loss) attributable to Ocwen common stockholders
$
(87,378
)
 
$
9,738

 
$
(198,709
)
 
$
44,093

 
 
 
 
 
 
 
 
Weighted average shares of common stock
123,893,752

 
125,311,133

 
123,993,545

 
125,291,788

Effect of dilutive elements (1):
 
 
 
 
 
 
 
Stock option awards
—

 
1,830,496

 
—

 
1,777,888

Common stock awards
—

 
10,850

 
—

 
6,502

Dilutive weighted average shares of common stock
123,893,752

 
127,152,479

 
123,993,545

 
127,076,178

 
 
 
 
 
 
 
 
Diluted earnings (loss) per share
$
(0.71
)
 
$
0.08

 
$
(1.60
)
 
$
0.35

 
 
 
 
 
 
 
 
Stock options and common stock awards excluded from the computation of diluted earnings per share:
 
 
 
 
 
 
 
Anti-dilutive (2)
7,979,821

 
1,846,374

 
7,482,868

 
1,928,638

Market-based (3)
2,045,725

 
924,438

 
2,045,725

 
924,438

 
(1)
For the three and six months ended June 30, 2016, we have excluded the effect of 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.
(2)
These stock options were anti-dilutive because their exercise price was greater than the average market price of Ocwen’s stock.
(3)
Shares that are issuable upon the achievement of certain market-based performance criteria related to Ocwen’s stock price.