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Basic and Diluted Earnings (Loss) per Share
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Basic and Diluted Earnings (Loss) per Share
Note 15 – Basic and Diluted Earnings (Loss) per Share
Basic earnings or loss per share excludes common stock equivalents and is calculated by dividing net income or loss attributable to Ocwen common stockholders by the weighted average number of common shares outstanding during the period. We calculate diluted earnings or loss per share by dividing net income attributable to Ocwen by the weighted average number of common shares outstanding including the potential dilutive common shares related to outstanding stock options and restricted stock awards. The following is a reconciliation of the calculation of basic loss per share to diluted loss per share:
 
For the Three Months Ended March 31,
 
2017
 
2016
Basic loss per share:
 
 
 
Net loss attributable to Ocwen stockholders
$
(32,724
)
 
$
(111,331
)
 
 
 
 
Weighted average shares of common stock
124,014,928

 
124,093,339

 
 
 
 
Basic loss per share
$
(0.26
)
 
$
(0.90
)
 
 
 
 
Diluted loss per share (1):
 
 
 
Net loss attributable to Ocwen stockholders
$
(32,724
)
 
$
(111,331
)
 
 
 
 
Weighted average shares of common stock
124,014,928

 
124,093,339

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

 
—

Common stock awards
—

 
—

Dilutive weighted average shares of common stock
124,014,928

 
124,093,339

 
 
 
 
Diluted loss per share
$
(0.26
)
 
$
(0.90
)
 
 
 
 
Stock options and common stock awards excluded from the computation of diluted earnings per share:
 
 
 
Anti-dilutive (2)
2,056,215

 
6,985,914

Market-based (3)
782,446

 
2,080,938

 
(1)
For the three months ended March 31, 2017 and 2016, we have excluded the effect of stock options and common stock awards from the computation of diluted loss 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.