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Basic and Diluted Earnings per Share (Tables)
 9 Months Ended
Sep. 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 September 30:
 
Three Months
 
Nine Months
 
2016
 
2015
 
2016
 
2015
Basic earnings per share:
 
 
 
 
 
 
 
Net income (loss) attributable to Ocwen common stockholders
$
9,391

 
$
(66,869
)
 
$
(189,318
)
 
$
(22,776
)
 
 
 
 
 
 
 
 
Weighted average shares of common stock
123,986,987

 
125,383,639

 
123,991,343

 
125,322,742

 
 
 
 
 
 
 
 
Basic earnings (loss) per share
$
0.08

 
$
(0.53
)
 
$
(1.53
)
 
$
(0.18
)
 
 
 
 
 
 
 
 
Diluted earnings (loss) per share (1):
 
 
 
 
 
 
 
Net income (loss) attributable to Ocwen common stockholders
$
9,391

 
$
(66,869
)
 
$
(189,318
)
 
$
(22,776
)
 
 
 
 
 
 
 
 
Weighted average shares of common stock
123,986,987

 
125,383,639

 
123,991,343

 
125,322,742

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

 
—

 
—

 
—

Common stock awards
147,520

 
—

 
—

 
—

Dilutive weighted average shares of common stock
124,134,507

 
125,383,639

 
123,991,343

 
125,322,742

 
 
 
 
 
 
 
 
Diluted earnings (loss) per share
$
0.08

 
$
(0.53
)
 
$
(1.53
)
 
$
(0.18
)
 
 
 
 
 
 
 
 
Stock options and common stock awards excluded from the computation of diluted earnings per share:
 
 
 
 
 
 
 
Anti-dilutive (2)
6,890,882

 
2,037,872

 
7,285,539

 
1,965,049

Market-based (3)
1,917,456

 
924,438

 
1,917,456

 
924,438

 
(1)
For the nine months ended September 30, 2016 and for the three and nine months ended September 30, 2015, 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.